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I remain bullish here. A big seller on the book, and maybe the former CFO?
Unless news has been leaked this has been well oversold and massively undervalued ..
BV Capricorn
Tom - see 24/1/24 RNS (trading update) - profit was slightly down against very tough market conditions. The below are not my words and I’ll leave you to work out the rest. BRV Capricorn
………..
“The recent trading update evidences the resilience that the group continues to show throughout what have been challenging market conditions across the sector, notwithstanding inter alia increased interest rates and the macro-economic backdrop.
A key tenet of the Lords Group culture remains the development and support of our colleagues and, with Chris having previously taken on additional operational responsibilities as COO alongside his CFO role as part of his ongoing development, the Board had taken the view that (in the event that the transition became even further operationally focussed) a process should be commenced for a CFO to work alongside the rest of the existing executive management team. This commencement of this process has therefore enabled the Board to be well advanced at the time of Chris deciding to take up another opportunity. We wish him well for the future and he leaves as a member of the Lords family.
We remain aligned that the long-term prospects of the Group are not currently reflected in the share price”.
…………
Billy, what makes you think 2023 results will be good? It was a tough year for building supplies. I am invested here + eurocell + brickability on the basis they're recovery shares but I see that being a 6 - 18 month time horizon.
Notice of results should be out soon for FY23.
Expecting a solid set of final numbers and a good dividend.
The next acquisition shouldn’t be far off.
This company will be a firm target at this super low and undervalued SP
BRV Capricorn
Expected this to be at 65p by now. Everything I’ve said will come true but for whatever reason the MM has fooked around and purposely kept it lower. This will be a great year with strengthening sales, growth, acquisition and a higher dividend .
BRV Capricorn
So people were selling above mid at 51.65p and further buy at 51.9p and the price is dropped to 51.5. Plenty of purchases just below 52p - total manipulation when fundamentals are very good.
Sales - solid
Loans - reducing and lower interest costs
Dividend - final dividend to be confirmed but in line with forecast (hopefully increase of 4% on FY 22)
Target sp - 96p (90% upside)
Summary
Solid growth company with expansion strategies and effective cost controls.
M&A likely too….
BRV Capricorn
Expect further M&A news - sales booming and dividend increased….
BRV Capricorn
The direction of travel is good news. Should be a big jump coming…..
BRV Capricorn
It’s disgraceful how mms lower the price to fill a sell order at the expense of long only shareholders so to match buyers and sellers at the lower end. Expecting a trading statement and acquisition announcement which will further grow bottom line profits. A dividend increase will bring much cheer but really waiting for this to take off as the quality of the company is incredible.
BRV Capricorn
Excellent start to the year and acquisition to be announced adding revenue of 20m and net profit of 1.5m imo. Dividend increasing too which is lucrative so 2024 we will see a 90p SP…
BRV Capricorn
This is the start and through 60p.
BRV Capricorn
There's a lot of good indicators, as you say with the BOD chucking in £500k at 65p. Sahme it's done 30% this week as I would probably take a position at 50p
I think it’s a great company with excellent leadership and a CEO who’s put his money in. The dividends will grow as will profits. Selling at this price is madness. The SP will recover to 80p again and beyond, timing this year hopefully…..
BRV Capricorn
An interesting proposition, the drop seems ridiculous given the results and the fact it's way below IPO. WHo on earth was dumping?
I totally appreciate the decline in property is a factor, but where is the risk/negative?
After recent rise, I might wait for a betetr entry point (whoch could never arrive) but definitely on the radar,
See prior posts. We can expect consistency in terms of the boards prudent approach to acquisitions and IPO pledges in terms of revenue growth both organically and through selective acquisitions.
A strong sales mindset supported by a cultured workforce whom provides top class customer service which preserves and further strengthens the excellent brand value and proposition of this well oiled machine.
Effective costs control too and debt reduction will further grow profitability and enhance dividends leading to increased shareholder capital value will ultimately drive the SP to new highs in 2024 and consistently beyond as demand strengthens.
BRV Capricorn
See prior posts. This company is going from strength to strength and will outperform in difficult market conditions when they exist. An £11mn net profit is exceptional considering the general market conditions and macroeconomic headwinds.
The final dividend should be lucrative too and with analysts suggesting value by the year end of 90p, hoping this will head upwards again to 60p+ in the short term, and then onwards to 70-80p…..by June …2024
BRV Capricorn
See below… charts show strong prospects and growth. Technicals very strong too….90p target SP…
BRV Capricorn
https://uk.investing.com/equities/lords-group-trading-consensus-estimates
The group continues to show throughout what have been challenging market conditions across the sector, notwithstanding inter alia increased interest rates and the macro-economic backdrop.
The board was able to confirm at the time of announcement of Chris Day’s resignation that a process had commenced to identify and appoint a new CFO.
A key tenet of the Lords Group culture remains the development and support of its colleagues and, with Chris having previously taken on additional operational responsibilities as COO alongside his CFO role as part of his ongoing development, the Board had taken the view that (in the event that the transition became even further operationally focussed) a process should be commenced for a CFO to work alongside the rest of the existing executive management team. This commencement of this process has therefore enabled the Board to be well advanced at the time of Chris deciding to take up another opportunity. They wish him well for the future and he leaves as a member of the Lords family. The Board’s effective approach to planning in this instance will provide for smoother succession planning than otherwise may have been the case.
The board remain aligned that the long-term prospects of the Group are not currently reflected in the share price.
The shares will continue to rebound upwards, the recent correction is just the start. DYOR …
BRV Capricorn
This SP was battered for no reason. The company is healthy with excellent leadership and strong costs discipline.
The products cater for all customer types and are quality and affordable.
1% market share which will grow organically plus through acquisitions.
Balance sheet is strong with at least £15mn of prime Real Estate assets which can be developed so say possibly £25mn in the future.
Eco products expanding rapidly and the new outlets delivered in 2023.
This company is growing at pace and is totally undervalued.
Target SP by two analysts is 90p.
A strong buy should be a MUST buy. DYOR
BRV Capricorn
This company MADE £11+ million in a tough climate and as the consumer recovery really beats the drum, it will be double this. The market cap of £77mn is pitiful. 1% market share …this will only get better…
A gem in the making; quality dedicated personnel; diverse products; geographic spread growing…..
£1 share value in no time imho
DYOR
BRV Capricorn
You were wrong slating me.
BRV Capricorn
The SP should be up soon. Target SP 90p.
Dividend to be announce will be up on last year…EPS 4.8p
2024 will be rewarding and targets will be surpassed…
BRV Capricorn
Totally agree with your structured and fair comments. I see the target SP is now 90p from £1… this company will seriously outperform peers.
The SP is shockingly downed by the MMs.
Time for the rebellion.
BRV Capricorn
Billyvalentine
“ A solid set of results in a tough market.”
That sums up LORD precisely. It’s and extremely well run business operating under very tough conditions, but it hit its numbers and STILL managed to deduce debt but £10m.
Market Makers are fleecing PIs, marking LORD down by 3.53%, when buys are 50% greater than sells. It’s not just LORD investors they are pillaging, of course, but they won’t be able to do us over in the medium to long term. LORD is well run, with great free cash flow and a buy and build policy. The market is very fragmented and in the current climate, there will be some distressed businesses for LORD to pick up on the cheap.
Buy and hold, is my stance here. DYOR, obviously.
On the shareholder presentation it was confirmed that the dividend would be maintained and also they have plenty of balance sheet strength (cash/ finance lines) to make any complimentary acquisitions but not at any price.
The dividend alone is 1.33p minimum and EPS are around 4.1p which is sound. They made a decent profit in tough market.
Also eco energy is a major growth area….
All looks healthy….SP NEEDS TO REFLECT THESE FACTS
BRV Capricorn