Latham (James) (LTHM)

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FTSE AIM 100

 1,090.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,515.00
  • 52 Week Low: 1,010.00
  • Currency: UK Pounds
  • Shares Issued: 20.16m
  • Volume: 14,260
  • Market Cap: £219.74m
  • RiskGrade: 86
  • Beta: 0.02

James Latham profit jumps thanks to direct business, disposal

By Duncan Ferris

Date: Thursday 29 Nov 2018

LONDON (ShareCast) - (Sharecast News) - James Latham's shares climbed on Thursday after an increase in direct business drove interim profit and revenue growth.
The importer and distributor of timber and wood materials said that for the six-month period ended 30 September, revenue stood at £118.2m, up 10.2% compared to the year before, while profit before tax jumped by 28.9% to £8.7m.

The profit increase includes £1.1m of proceeds from the sale of the company's old Yate site and revenue increases were attributed to a rise in direct business, higher prices and a changing product mix from the AIM traded outfit.

At 30 September James Latham had cash and cash equivalents of £12.9m, up from £12.6m at the same point last year, while the company upped its interim dividend from 4.5p per share to 5p.

"Our customers remain busy and are reporting good order books. The economic outlook though is affected by the uncertainty caused by the Brexit negotiations and we will not be immune to any slowdown in the UK economy. We have reviewed our key European suppliers and have put plans in place to hold more stocks for a period of time in the first half of 2019 in order to mitigate any supply issues," the company said.

Latham added that investment in the business continued, with "extensive" racking projects started at the Purfleet and Thurrock depots, as well as planning for a redevelopment of its Gateshead site in order to make efficient use of space.

James Latham's shares were up 4.40% at 652.50p at 0943 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Latham (James) Market Data

Currency UK Pounds
Share Price 1,090.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,515.00
52 Week Low 1,010.00
Volume 14,260
Shares Issued 20.16m
Market Cap £219.74m
Beta 0.02
RiskGrade 86

Latham (James) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.13% above the market average68.13% above the market average68.13% above the market average68.13% above the market average68.13% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Price Trend
38.93% below the market average38.93% below the market average38.93% below the market average38.93% below the market average38.93% below the market average
23.71% below the sector average23.71% below the sector average23.71% below the sector average23.71% below the sector average23.71% below the sector average
Income
35.33% above the market average35.33% above the market average35.33% above the market average35.33% above the market average35.33% above the market average
22.03% above the sector average22.03% above the sector average22.03% above the sector average22.03% above the sector average22.03% above the sector average
Growth
63% below the market average63% below the market average63% below the market average63% below the market average63% below the market average
52.17% below the sector average52.17% below the sector average52.17% below the sector average52.17% below the sector average52.17% below the sector average

Latham (James) Dividends

  Latest Previous
  Interim Final
Ex-Div 02-Jan-25 01-Aug-24
Paid 24-Jan-25 23-Aug-24
Amount 7.95p 26.00p

Trades for 28-May-2025

Time Volume / Share Price
15:39 2,897 @ 1,120.00p
15:44 32 @ 1,115.00p
15:42 181 @ 1,099.00p
15:39 90 @ 1,099.00p
15:31 4,000 @ 1,073.48p

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