Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

JAMES HALSTEAD –The AIM star still shines brightly!

James Halstead, my star AIM holding of the last few years and a company covered in an earlier Investor’s Champion note on 13th April came out with the ‘usual’ positive trading update this week.

In the company's previous interim announcement on 28th March 2007, the Chairman mentioned that a major plant upgrade was imminent that involved the closure of one of the production lines. The company this week announced that the upgrade to the Polysafe facility was successfully completed (naturally) and full production resumed ahead of schedule (of course it did, James Halstead never disappoints!). Sales also continue to meet expectations.

My concern now is this Queen's Award for Enterprise that they have won. Gongs of this nature are often followed by a decline in share price, however, surely outcomes of this nature only apply to run of the mill businesses and not AIM stars like James Halstead!


Investor's Champion is a registered trade mark of Investors Champion Ltd.  Investor’s Champion Limited is a company registered in England and Wales under number 03577867 whose registered office is at Langwood House, 63-81 High Street, Rickmansworth, Herts WD3 1EQ. Investor’s Champion Ltd is associated with Fundamental Asset Limited who is authorised and regulated by the Financial Services Authority.