Lords Group Trading – “pleased to announce completion of amendments to the covenant packages”, BUT…
In July on building, plumbing, heating and DIY products distributor Lords Group Trading (LORD), I wrote ‘“Trading Update” = a trading warning which dares not explicitly speak its name’ concluding even with the shares falling to around 13p with “recovery in our end markets is taking longer than expected” still avoid/sell. The shares most recently closed at 11.5p and what about now a “Trading Update & Banking Facility Amendments” announcement?



