James Halstead is a family firm going cheap: should you buy?

Good companies listed on Aim are typically expensive due to shareholders owning shares to lower their inheritance tax bill rather than for returns; however, James Halstead (Aim: JHD) is now trading cheaply despite recent supply-chain disruptions. Founded in 1915, the Manchester-based family business has a history of overcoming challenges and delivering consistent profits, with a strong balance sheet and shrewd management team. While potential changes to business property relief (BPR) on Aim-listed companies pose a risk, patient investors may find the current valuation of James Halstead attractive, especially considering its historical performance and dividend yield.

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