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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Howden Joinery - Potential beneficiary when RMI recovers

April 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HWDN
  • Price:
  • 872p
Howden Joinery, the market leading supplier of kitchen cabinets, worktops and other joinery products to local builders, boasts a track record few in its industry can match. After passing sales of £0.5bn in 2003, it smashed the £1bn barrier in 2013 and £1.5bn in 2018. As the Government threw money around like confetti during the pandemic, demand for its products soared as  bored locked-down consumers spent lavishly on doing up their homes. With as much as 90% of its sales derived from the residential market and 95% from RMI (repair, maintenance and improvement), Howdens was clearly well-placed to rake it in with sales peaking at a massive £2.3bn and pretax profit hitting £405.8m in FY’22. Although last year’s sales were flat and profit de ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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