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What is going on at Headlam?

By Chris Bailey | Thursday 7 October 2021

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

There is typically always lots of corporate reporting on a Thursday. I am not surprised to see Shell (RDSB) shares down today, despite talking about a boost to its cashflow in the third quarter. Alternatively on the share price rise of Mondi (MNDI), which might have chatted about a ‘strong performance in the third quarter with higher average prices across the business and strong volume growth year-on-year’, but also ‘a backdrop of sharply higher input costs’. As always with shares, you have to try and work out what is already factored in (and what is not). Anyhow, I thought I would talk about Headlam (HEAD), Europe’s ‘leading floorcoverings distributor, providing the channel between suppliers and trade customers of floorcoverings’.

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