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Results: LORD

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Lords Group Trading – interims emphasise record revenue, but what about the profit warning?...

Previously writing on UK building materials distributor Lords Group Trading (LORD), in June with the shares up to 61.5p I concluded that I then avoided as I questioned whether consumer demand had been fully impacted yet. The shares had risen to mostly recently close at 68.5p but what of half-year results today currently seeing them back towards 60p?

By Steve Moore
2023-09-07 13:10:58

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Lords Group Trading – argues “resilient trading”… but how does it compare to prior performance and how’s the balance sheet?

UK building materials distributor Lords Group Trading (LORD) has issued an “AGM Statement”, emphasising “the resilient trading performance of the group has continued and we maintain expectations for full year trading performance for the year ended 31 December 2023 to be in line with market expectations”. So what of a share price response slightly higher to 61.5p?