James Halstead (AIM:JHD) – all is well at another AIM blue chip
The commercial flooring manufacturer and distributor issued the customary short, yet positive, trading update ahead of its final results for the year to 30 June 2015.
The statement confirmed that trading through 30 June 2015 has been solid and profit before tax will be ahead of last year (2014: £42m), in line with market expectations and at the highest level in the Company’s history. The statement also pointed out how, after 54 years on the main market, James Halstead plc joined the AIM in 2002 with a market capitalisation of £70m and a share price of 32 pence. The market capitalisation is currently £887m and shareholders have enjoyed plenty of attractive dividends over the past few years with the full year dividend for 2015 set…