Make your money go further for just 25p per day

Honest reporting from two of AIM’s high quality companies – more needed from others!

25/07/2018 · James Halstead (JHD)  · Quartix Holdings PLC (QTX) 

Honest reporting from two of AIM’s high quality companies – more needed from others!
Many quoted companies like to focus on adjusted numbers, which generally hide a multitude of questionable adjustments. Thankfully, two of AIM’s more honest companies, from opposite ends of the age spectrum, continue to focus on nice clean numbers.       

James Halstead (AIM:JHD), the commercial flooring manufacturer and one of AIM’s Blue Chips, issued a trading update covering the year ending 30 June 2018. We last covered the Group in our Premium Research here ‘James Halstead - staggering margins from this high class AIM Blue Chip’.

Sales for the year were ahead of the comparative year, which management considers to be a creditable performance in difficult trading conditions; it’s worth remembering that last year was a record for the Group with sales of £241m.

The failure of a German competitor encouraged the Group to undertake the largest ever re-vamp of its homogenous flooring ranges resulting in the launch of “Palettone” in May 2018. This offers a collection of 50 colours optimised for their global market and is presented in a unique, innovative sample package with full customer support from specification to installation. Apparently, the feedback received since launch has been exceptional.

The cost of bringing this new product…

Sign up and read the full article

Register to continue reading this article.

Get FREE access now

Already a member? Login

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world

REGISTER FREE TODAY

Become a Champion Investor for as little as £3.20 per report or get a year's worth of money-making analysis for just £90.

SUBSCRIBE NOW

More on James Halstead

James Halstead (AIM:JHD) - beautiful clean numbers from this AIM blue chip

26/09/2018 · News & Insights
The flooring manufacturer has announced commendable full year results without an adjustment in sight - others…

Honest reporting from two of AIM’s high quality companies – more needed from others!

25/07/2018 · News & Insights
Many quoted companies like to focus on adjusted numbers, which generally hide a multitude of questionable…

James Halstead - staggering margins from this high class AIM Blue Chip

13/06/2018 · Company research

300,000% return from one of AIM’s elder statesmen…more to go for?!

27/03/2018 · News & Insights
Two of AIM’s elder statesmen issued decent results today. Both generate plenty of cash and excellent…

Why would the Chancellor attack AIM tax reliefs?

13/10/2017 · News & Insights
Investor’s Champion has researched AIM companies for over 12 years and has always highlighted the Inheritance…

More on Quartix Holdings PLC

The week at a glance: 22 July – results madness

26/07/2019 · News & Insights

Who says 38-degree heat isn’t the perfect temperature for analysing company results? For those who didn’t…


Quartix sales breakdown reveals recurring dominance

24/07/2019 · Portfolio Flash News

Fleet vehicle tracking specialist Quartix is in our portfolio because its business model should allow its…


Should AIM investors fear IHT changes?

10/07/2019 · News & Insights

The second of two papers published by the Office of Tax Simplification have sent shivers of…


Investor’s Champion podcast: ISA time

03/04/2019 · Podcasts
It’s ISA time. With just two days to go before the ISA deadline, it’s a good…

More than Money: Quartix

13/02/2019 · Podcasts
In the latest episode of More than Money, we spoke to Andy Walters, chief executive of…

More from the News & Insights

The week at a glance: 16 August – political pressures

Media mergers round two: game on

15/08/2019 · Amazon · Apple · AT&T · CBS · Comcast · Entertainment One · ITV PLC · Netflix · Viacom · Walt Disney

Burford poked the bear – Muddy Waters lashes back

13/08/2019 · Burford Capital Ltd