Updates & Ideas

Lords - Well oversold

February 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.

One share that looks close to its earnings trough is Lords (LORD; 55p), a leading distributor of building materials with a “buy and build” strategy. The chairman sees value, having bought 92k at 52p this month to take his holding to 229k and it looks a pretty decent entry against the 95p float price in July ‘21 from which the shares went on to romp away to 145p. You might think I am going to make a buy case based on forthcoming interest rate reductions, an improvement in the construction sector and a return to peak earnings, which would drop the PE into low single digits. But no; the more immediate short term trigger is that, as I write, the government has backtracked on its ‘boiler tax,’ which was set to fine boiler makers for n ...

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Staffline - Stage looks well set for recovery

Growth Portfolio 3 - February '24

Lords Group Trading (October 2024)

Lords Group (June 2024)

Lords Group (October 2023)

Lords Trading Group (May 2023)

Lords Group (February 2023)

Lords Group Trading (October 2022)

Lords Group Trading - Will hit £500m sales target a year early (May 2022)

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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