Impressive as ever
Full year results from one of AIM’s elderly citizens were as impeccable as ever, with strong cash flow supporting another dividend increase. Despite its advancing years its ESG positioning is also well ahead of more youthful peers. Elsewhere a purveyor of fresh cream cakes continues to dispel the doubters. (Free to read)
James Halstead: results ahead In a “complicated year”, the ever reliable 100-year old manufacturer of commercial flooring, James Halstead (LON:JHD), delivered very strong full year results, ahead of broker estimates – despite its substantial size (Mkt cap £1 billion+ ) only the joint house brokers cover this stock. For the year ending 30 June, revenue rose 11.6% to £266.4m with profit before tax up 16.9% at £51.3m (margin 19.2%) and both sales and profits are at record levels. Projects in the year were as diverse as ever, from Knattspyrnufélagið Fram - perhaps the largest football stadium in Iceland - to…