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Headlam ( (GB:HEAD) ) just unveiled an update.
Headlam Group has secured a new asset-based lending facility of up to £85 million, replacing its existing revolving credit facility and uncommitted overdraft, in a move designed to enhance financial flexibility and align borrowing capacity with its asset base. The three-year committed facility, extendable by up to two additional years and provided by Barclays Bank and Wells Fargo Capital Finance (UK), is expected to carry a similar interest cost and covenant structure to the previous arrangements, and is framed by management as a key milestone in the Group’s ongoing transformation plan, underpinning liquidity and headroom as its operational and strategic needs evolve.
The most recent analyst rating on (GB:HEAD) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on Headlam stock, see the GB:HEAD Stock Forecast page.
Spark’s Take on GB:HEAD Stock
According to Spark, TipRanks’ AI Analyst, GB:HEAD is a Neutral.
Headlam’s overall stock score is primarily impacted by its financial struggles, including declining revenue and negative profitability. The technical analysis shows mixed signals, with short-term stability but long-term bearish trends. The valuation is weak due to negative earnings and no dividend yield. However, the company’s transformation plan and restructuring efforts provide a positive outlook for potential recovery.
To see Spark’s full report on GB:HEAD stock, click here.
More about Headlam
Headlam Group is the UK’s leading floorcoverings distributor, working with global manufacturers to supply a broad range of products to a large and diverse trade customer base. Operating for over 30 years across the UK and Continental Europe, including France and the Netherlands, the Group supports customers with extensive product choice, sector expertise, ecommerce and marketing support, and a nationwide delivery network under multiple businesses, trade brands and product brands.
Average Trading Volume: 234,749
Technical Sentiment Signal: Sell
Current Market Cap: £35.07M
Learn more about HEAD stock on TipRanks’ Stock Analysis page.