views

CMO Group – from arguing “perfectly positioned to continue to thrive” to AIM IPO Roll-Call of Shame in a year

The UK's largest online-only retailer of building materials, CMO Group (CMO) has issued a trading statement commencing that “the group has continued to deliver strong revenue growth of 10% for the 27 weeks to 30 June 2022. One-year LFL sales of 2% (Superstores at 5% and Total Tiles -10%) against particularly strong comparatives. Two-year LFL sales growth was 29%”. So what of a current 46.5p share price, £33.5 million market cap... down 40%!