James Halstead (AIM:JHD) : The AIM star still shines bright
James Halstead plc, the commercial flooring company, and in our opinion one of the true stars of AIM, has done it again with an upbeat AGM statement and news of another special dividend.
In its AGM statement it confirmed that it is trading at levels that, in most cases, exceed last year and given that the half year to December 2008 was a record performance this can only be regarded as ‘most heartening’. Export markets appear to be more active on a consistent month to month basis and the low value of Sterling against major export trading currencies is helping. With interest rates at all time lows the group’s cash pile isn’t benefiting as much as previously although the negative effect of ‘lost’ interest is being offset by the current trading performance. Since…