Most recently on UK building, plumbing, heating and DIY goods distributor Lords Group Trading (LORD), in April with the shares up towards 18p I concluded a subdued market avoid. The shares most recently closed at 16.5p and what of now a “Trading Update” including that it “now expects full year revenue will be in the range of £475m-£495m and adjusted EBITDA for the full year will be £17m-£18m”?
Describing itself as “a leading distributor of building materials in the UK”, Lords Group Trading (LORD) “is pleased to announce that it has completed the refinancing of the group’s existing £75 million lending facilities”. How ‘pleasing’ is that and the outlook, with the shares currently up around 3% towards 18p in response?
Describing itself as “a leading distributor of building materials in the UK”, Lords Group Trading (LORD) has issued a “Trading Update” headlined “Adjusted EBITDA expected to be in line with market expectations and Net Debt reduced by 55% in FY25”. What about that relative to the valuation at a share price up to 26.5p in response though still comparing to above 30p as recently as November?
Most recently on distributor of building materials in the UK Lords Group Trading (LORD), in September with the shares slightly further down from 35.5p on its results for the first half of the 2025 calendar year, I concluded that I retained prior caution and continued to avoid. What of now a “Trading Update” commencing with that “revenue increased by 9.6% compared to the equivalent four-month period in 2024”, but the shares currently 25.6% further lower in response at 23.2p?
Most recently writing on distributor of building materials in the UK Lords Group Trading (LORD), in June with the shares at 43.5p I questioned its argued ‘well positioned’ and concluded to still avoid. The shares most recently closed at 35.5p and what about them currently slightly further lower on the group’s results for the first half of the 2025 calendar year, headlined 'Strong growth in Merchanting and continued strategic progress'.
Distributor of building materials in the UK, Lords Group Trading (LORD) has issued an “AGM Statement” including that merchanting volumes “continue to trend positively against the prior year” and “new branch openings at Bicester, Maidstone and Mansfield, are contributing more strongly than had been anticipated”. With “the board is confident that the group is on track to meet its expectations for FY25”, how does the performance compare to the valuation from a current 43.5p share price?
‘Building, plumbing, heating and DIY goods’ distributor Lords Group Trading (LORD) has announced “it has acquired the trade and assets of CMO Group Limited, the UK’s largest online-only retailer of construction products following a CMO pre-pack administration process”. How good does this move look, with shares in Lords currently up 14.5% towards 40p in response?
Most recently writing on UK building materials distributor Lords Group Trading (LORD), in September with its shares down towards 36p I concluded that its interims suggested full-year adjusted EBITDA of £23.8 million looked challenging and that I remained caution on the shares. What of now a “FY24 Trading Update”, and the shares currently further down in response to below 30p?
Previously writing on UK building materials distributor Lords Group Trading (LORD), a year ago with the shares down towards 60p I concluded will the noted lowered expectations even be met? At a still above £100 million market cap and with also 30th June 2023 period-end net debt up to £38 million, I certainly still avoid. What of now results for the first half of 2024 and the shares currently further down in response towards 36p?
