Halma Senses Opportunities in Safety

The Week: Fire sensor specialist Halma should continue to thrive as building regulations get tougher, says Morningstar columnist Rodney Hobson

Rodney Hobson 17 July, 2020 | 9:43AM

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It’s coming to something when a company reports a 5% increase in the dividend for the 41st consecutive year and its shares fall 6%. That fate befell technology specialist Halma (HLMA). Admittedly Halma warned shareholders that profits will be down 5-10% in the current year to March but these are exceptional times and this is still an exceptional company.

Halma produces sensors for access to building and lifts, to detect fires, and to spot gas and water leaks. It reported pre-tax profits up 9% on an 11% increase in revenue during the past financial year. While that period mainly preceded the coronavirus lockdowns, that was a decent enough outcome.

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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