Having previously covered Johnson Service Group (AIM:JSG), a business we considered ‘one of the most boring companies on AIM’ , we have now moved onto the equally exciting world of ‘flooring manufacture’ with James Halstead (AIM:JHD). We like businesses doing boring things well, as they generally make lots of money and James Halstead certainly delivers in this regard.
- 300,000% return!
By way of introduction the following quote from James Halstead’s last interim results is worth repeating here:
‘The Company will soon reach another milestone in its history- seventy years as a publicly quoted company. James Halstead floated on the LSE on 4th May 1948. At float there were 700,000 shares of 10 shillings in issue and anyone who followed the buy advice of W I Carr (stockbrokers) in November 1948 would have seen an approximate 300,000% return on their investment (not including dividends). One month after our flotation, one…
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