0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

small-cap

Market Update On One Consumer Discretionary Stock - HEAD

Mar 08, 2024 | Team Kalkine
Market Update On One Consumer Discretionary Stock - HEAD

HEAD:LSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (GBX)

Headlam Group PLC 

Headlam Group PLC (LSE: HEAD) is an FTSE All-Share index-listed, United Kingdom-based company, which is engaged in the marketing, supply, and distribution of a range of floorcovering products. The Company's operations are focused on providing customers, principally independent floorcovering retailers and contractors, with a range of floorcovering products supported by a next-day delivery service.

FY23 Results (Released on 05 March 2024)

  • Financial Update: The company reported the revenue which dipped marginally by 1% to GBP 656.5 mn in FY23 as compared to GBP 663.6 mn in FY22, whereas the Gross margin dipped by 140 bps in the reported period (FY23) to 31.7% as compared to 33.1% in FY22
  • Underlying EBITDA: Further, the EBITDA declined by 36.6% to GBP 36.7 mn in the reported period (FY23) versus the EBITDA of GBP 57.9 mn in FY22.
  • Dividend Declaration: The management announced a final dividend of GBX 6.0 per share, which will be paid on 07 June 2024. This brings the full year of divined GBX 10.0 per share for FY23.
  • Outlook: The management expects the flooring market volumes to pick up in the near term, which was 20% lower in FY23. The group is acting strategically by taking various initiatives to grow the revenue to GBP 200 mn in each of the Larger Customers and Trae Counters, which could further boost the financial performance.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Headlam Group PLC (LSE: HEAD) was trading at the current market price of GBX 189.18  (as of 08 March 2024 at 08:35 AM GMT)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 08 March 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.


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