Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Poor liquidity and bid price killed in minutes…. Buys outweigh sells and but sp near on 3% down! Keep the faith….should close flat or even up a bit if intentionally priced down earlier to preserve liquidity and mm profit….
Shortage of shares available with purchases being negotiated it would seem…..so looks like the ask will increase as the spread is narrow. Probably wrong but that’s how it appears……
The approach of the CEO is sound and should reap benefits including a significant increase in t/o and profits. They are clearly disciplined and have defined pricing models that are collaborative with new partners making the proposals very attractive to all concerned. Hoping the week finishes on a high - I really like this company and believe it’s absolutely worth the time and investment.
I’m genuinely excited by the progress and opportunities. This company is going places…slowly but surely it will only get better. 1% market share…so much promise.
I’m excited by the progress made considering the headwinds the company has faced with high inflation, Covid, competitors and so on. They have only 1% of UK market share so with their diversification and opportunity to cross steel through the 46 distribution hubs, the growth and profitability opportunities are major. Yesterdays shareholder meeting was excellent and they’re well positioned to out perform. This will result in momentum and value growth so be bold and jump on the train…….and share the opportunity.
See news and RNS. Looks as if their strategy is playing out well with near on 100mn t/o increase and 50% profit increase (2022) vs 2021….
Positive market reaction and share price is on the up. The full RNS makes good reading and is bullish IMHO.
See full RNS…. full credit to the Executive and management team. The company is performing extremely well with strategic acquisitions and organic growth combining very well and making record performance.
Looks like I’m wrong. Price haze been squeezed down with sales over the past week of 55k vs purchases of 12k….. a drop 6p… so not sure if the full year results will prove me wrong….
It’s going to be an interesting week. Prior post have highlighted some poignant remarks in relation to trading patters and I for one have noted repetitive sales of lots of 8k. LTIP has also been mentioned which makes management very wealthy hence the majority of shares are executive owned. I’m hoping to see this play out well over the next 12 months and up to 115p….we shall see!
Thinking the numbers will be decent….. so worth considering.
Strategically the growth plans are sound focussing on a niche market with customer service at the forefront. Half a billion t/o planned for 2024 with better margins could prove lucrative…. One to move upwards again…
Slowly on the up again …. any views?
Lords Group Trading plc.
A leading distributor of building materials in the UK, announces that it has today been notified by Shanker Patel, the Company's Chief Executive Officer, that on 7 September 2022 children of and therefore two persons closely associated ("PCA") with Shanker Patel, purchased an aggregate of 17,791 ordinary shares in the Company.
At a price of 73 pence per ordinary share.
As a result, Shanker Patel is now interested, together with his children and related entities and trusts, in a maximum of an aggregate of 53,282,925* ordinary shares in the Company, representing 32.8 per cent. of the Company's issued ordinary share capital. The members of the Lords concert party collectively hold 83,997,266 ordinary shares, representing 51.7 per cent. of the Company's issued share capital.
https://www.lse.co.uk/rns/LORD/directorpdmr-transaction-h4xdl314t8pvo9d.html
Lords shares rise as interim profit and revenue jump - lifts dividend
Lords Group Trading PLC
Reported double-digit rises in both interim profit and revenue in line with expectations, as it lifted its dividend by 6.3%.
For the six months that ended on June 30.
The London-based distributor of building, plumbing, heating and DIY goods said pre-tax profit rose by 52% to GBP6.4 million from GBP4.2 million a year earlier, as revenue jumped 20% to GBP214.2 million from GBP179.0 million.
Lords noted that its Merchanting division saw a record revenue of GBP105.9 million during the period, up 73% from GBP61.1 million a year ago.
Adjusted earnings before interest, tax, depreciation and amortisation rose by 27% to GBP14.2 million from GBP11.2 million a year earlier, as adjusted Ebitda margin increased to 6.6% compared to 6.2%.
"During the period, the Plumbing & Heating division faced the challenge of an industry wide boiler supply shortage, however, through management-initiated controls, the sales volume impact was mitigated," Lords added.
Chief Executive Officer Shanker Patel said: "The group has continued to accelerate the delivery of its strategic plan, reflected in our financial performance in the half year which reaffirm delivery of our strategic targets of GBP500 million revenue by 2024 and 7.5% Ebitda margin in the medium term."
Lords proposed an interim dividend of 0.67 pence per share, up 6.3% from 0.63p the year prior.
Looking ahead, Lords said it continues to see positive customer demand across its product offering and is confident of its business plan. It said trading continues to be in line with forecasts for 2022.
It said it is on track to deliver initial public offering target of GBP500 million revenue in 2024.
https://www.morningstar.co.uk/uk/news/AN_1662456527545515000/lords-shares-rise-as-interim-profit-and-revenue-jump%3B-lifts-dividend.aspx
Giving each other too many LTIPS - Greedy and dilutes PI’s chances of making any gains - One to avoid with these shenanigans going on.
Interesting pattern in dealings , not I know the reason. Steady decline from the highs, seems like a determined regular seller in chunks of 3,000 a time.
Frustrating as I still personally think this is a good long term prospect.
It was featured in a well known subscription share tipping service
This is why etail investing is bullfinch .
The insiders push it up on inside knowledge.
Be down again 9% tomorrow.. but who pushed it up today???
Good point, one can only assume investors feeling stock oversold in the last week or so and buying back in. Accepting its an AIM stock and the volatility that can be associated with such, the movements do seem slightly odd with as you say no apparent news.
Volume today is much higher than recent days.
No news etc. Up 8% . Why?
Think margins achievable on medium term basis, with the projected growth.
Achieving T/o projections will be dependent on more significant acquisitions rather than just existing organic growth, I believe this is probably part of their strategy.
There are a number of significant regional players with T/o between £50m -£100m, would think these are the prospects the board would have in their sight for an agreed takeover and integration.
I like the institutional backing and who they are I:e; Miton, Schroder plus strong family shareholding continuing post - IPO.
I like the stock, aiming for 6% margins eventually and 500m turnover in a few years= 30m ish profit x 20p/e (travis perkins current p/e) = 600 m mkt cap....
Any other thoughts to value?
Have followed the origins of this company prior to the IPO for some years. Building Materials sector not necessarily the most exciting and some of the publicly listed ones still below their pre-pandemic listings.
That said, I think Lords should benefit in two ways, 1). Acquisition growth, from smaller family run merchants looking to exit the market
2). Increased economies of scale with reduced operating costs as company grows
They are operating in a competitive sector, larger internationally owned competitors will pose a threat but then some of those have their own challenges with a much larger location base and not all of those locations profitable.
One to perhaps lock away for 3yrs+ IMHO
Oversubscribed ipo