Why I’m buying: James Halstead
It may not appeal to those investors seeking greater excitement, but James Halstead - the highly-regarded flooring manufacturer - rarely disappoints with its clean numbers which justify its premium rating
Flooring group James Halstead (LON: JHD) doesn't tend to blow the lights out with its financial results. Indeed, in the year to June 2019 revenues ticked up just 1.4%, but this represented a record year for sales, profit and dividends from this staple of many AIM for IHT portfolios.
Some may question the seemingly heady valuation of this business relative to its modest growth - the shares trade at 26 times forecast earnings for 2020, assuming 6.5% growth –…
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