London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The SP seems to be dragged down on the back of low volume disposals. Now ex div but I must say my expectations have been far off. Not sure why the SP is not reflecting a more realistic valuation of £1 plus…..but time will tell for sure…..
Excellent strategy for rewarding divisional management for increased sales based specific targets…. these options will only vest if growth targets are met and hopefully they will be as it will significantly improve net profits….and reward shareholders….
77p by eo week….my prediction….
95p here we come!
I can only see significant growth and improving margins which will mean IPO deliverables will be achieved with greater net profits. The target SP for this year is 116p per 3 analysis. An SP of 95p is realistic and there’s the possibility of larger players making offers that the CEO may not resist. All to play for….
The SP is suppressed…why? Need the CEO to do something to inspire the market….the performance is superior… so time for this to shine. The only way is up….
A good few days of purchases but no rally and the SP is reversing. This must rally and move towards 90p medium term….eo June. Fundamentals and strategic direction are sound IMHO …gla….
The SP has fallen back yet again which is mind boggling tbh when sales, t/o, margins and net profits are at all time highs. Target price is 116p….. this needs to start being reflected in the SP which is so undervalued…
Overall the fy22 results were excellent and the company is well placed to continue improving sales distribution and net profits. The presentation to the market was encouraging and all indicators are that ipo targets will be achieved against inflationary headwinds. Excellent achievements to date so hope the SP will reflect this in the future period.
Record performance - see RNS…. all extremely positive…..
I must be the only follower and fan of this company and see so much positivity with future performance and growth. The SP is the unknown but with record sales, focus on strategy cross selling increasing their 1% market share, will inevitably deliver good results. Fy22 results to be announced next Wednesday but no doubt the spoilers will be looking to dump today and buy back on the cheap….. I have posed numerous questions at next weeks shareholder meeting. Hopefully the SP will push on in the coming weeks….
Always the same…a few sales and down it goes! Why sell when the shares have a book value of £1 at least! History repeats itself….get buying …DYOR however….
Feel frustrated that the SP dropped from highs of 86p inJanuary 2023 and has languished at current levels. It should be so much higher but it appears tranches of stock sales are traded in concert ….
I think the results will be ahead of budget for the group with better results than expected. Surprisingly very minimal trading the past few weeks. I remain bullish with this company …. Fingers are crossed??
Definitely a lack of free stock here so looks like shareholders are awaiting the 2022 audited results which should be strong and per the IPO strategic goals. Waiting for these to do themselves justice!
Up to 75p by e o week is a dream come true! DYOR pls….
RNS due …… rescheduled results presentation should be good news….
Trades were misreported last week as the ask was in fact 69p NOT 70p. Not seen the surge in the SP I was anticipating but it will come soon I’m positive on……
Another acquisition, refinanced loan from £70m to £95m, solid results due, business diversification and tight costs control…. the only way is up to 90p…then the £1 will follow….
It doesn’t matter about sentiment or fundamentals this SP gets killed for no reason other than structured selling. All the buys yesterday and the SP was static generally. So a couple of sales and down to 60p! Anyway with another strategic acquisition and solid results announced tomorrow…..the magic £1 is way off but I hope to see a significant recovery and the north side of 85p again!!!!
Funny how on the back of some sales the SP is battered and makes down 20%+… reasonable purchases today and a small tick up. The market is corrupt!
Shanker Patel, Chief Executive Officer of Lords, said: "We are delighted to announce the successful acquisition of Chiltern Timber and are also really excited to welcome their ten colleagues to the Lords Group family. The acquisition is complementary to our existing Lords Builders Merchants business and will increase our customer base, broaden our product offering and enhance our UK geographic coverage."
https://www.proactiveinvestors.co.uk/LON:LORD/Lords-Group-Trading-PLC/rns/1293994
Lords, a leading distributor of building materials in the UK, is pleased to announce the purchase of Chiltern Timber Supplies Limited ('Chiltern Timber') for a total consideration of up to £1.65 million on a net cash free / debt free basis (the 'Acquisition'). The Acquisition is in line with the Group's stated IPO strategy, due to its complementary geographic position to the Group's existing Merchanting branches, offering product range extension and is expected to result in EBITDA margin expansion for Lords.
For year ended 31 December 2022, Chiltern Timber delivered £2.6 million of revenue and £0.25 million of EBITDA. The total consideration for Chiltern Timber is up to £1.65 million in cash on a net cash free / debt free basis, and is to be funded from the Group's existing facilities. The consideration payable is £1.175 million on signing and up to a further £0.475 million deferred equally over 12, 24 and 36 months on a contingent basis subject to Chiltern Timber delivering certain earnings targets.
The Group believes that there is strong growth potential and synergies achievable from Chiltern Timber operating within the Lords business, given the ability for it to cross sell into the existing Lords customer base, improving the existing traditional merchant offering as well as through the provision of overhead optimisation. The Acquisition is expected to be earning accretive from completion and achieve a strong return on capital employed.
great company, picked some up this morning