Updates

Lords Group

October 2023

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.

With UK construction market conditions causing a slowing of activity at the end of Q2 23, building materials distributor Lords’ H1 saw like-for-like sales decline by 4% but including acquisitions they ended up 4% to £223m. Pretax profit was -3% to £7.7m with eps -12% to 3.4p. The Merchanting division grew sales by 3% to £109m (-5.1% like-for-like) and reported an adjusted EBITDA of £8.5m for margins of 7.7%, versus 7.3% a year earlier. The P&H side saw sales up 4.5% to £113m (4% LFL decline), and adjusted EBITDA of £6.6m on margins of 5.8%, versus 6% a year earlier given lighter volumes towards the end of the period. Boiler component shortages have eased. An 11th branch of Mr Central Heating was added, continuing the ...

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Growth Portflio 3 - October '23

Lords Group Trading (October 2024)

Lords Group (June 2024)

Lords - Well oversold (February 2024)

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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