Vaccine countdown update: 12 Nov - apparent value here and probably a few traps
Our coverage here includes several modestly valued companies whose shares should recover strongly when the world re-opens for business. However, others may turn out to be classic value traps. Read on for our usual insightful comment.
James Halstead: another dividend increaseWhile the trading environment remains challenging, flooring specialist James Halstead (LON:JHD) has continued to see solid progress in trading, particularly in the UK, with sales returning to the levels of last year as is profitability, despite the increased costs of manufacturing as a result of the pandemic. Despite the challenges, management felt able to increase the dividend payment again with a final dividend of 10p bringing the full year payout to 14.25p, a yield of 3% at the current share price (460p). They have also acquired a distribution business in Malaysia in "Polyflor Martex". The Pacific…