Strong trading in July, alongside favourable subsequent anecdotes, meant we didnt expect to see the effects of soggy conditions behind warnings elsewhere (e.g. TPK) replicated here. Today’s update confirms this. Performance in H2, including the key October trading period, has been outstanding at +10% LFL particularly once positive gross margins are also factored in. After a 15% correction HWDN has gone from being overbought back in June to slightly oversold - so with a 2.5% PBT upgrade today and ....
05 Nov 2015
Trading remains very strong and shares are oversold – Buy from Hold
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Trading remains very strong and shares are oversold – Buy from Hold
Howden Joinery Group PLC (HWDN:LON) | 854 -72.6 (-1.0%) | Mkt Cap: 4,691m
- Published:
05 Nov 2015 -
Author:
Matthew McEachran -
Pages:
4
Strong trading in July, alongside favourable subsequent anecdotes, meant we didnt expect to see the effects of soggy conditions behind warnings elsewhere (e.g. TPK) replicated here. Today’s update confirms this. Performance in H2, including the key October trading period, has been outstanding at +10% LFL particularly once positive gross margins are also factored in. After a 15% correction HWDN has gone from being overbought back in June to slightly oversold - so with a 2.5% PBT upgrade today and ....