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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
A disgrace when the SP is murdered and fundamentals remain solid….and this is the market is it? Concert parties and get togethers to drive the sp down and buy back cheap is market manipulation!
Having been investing for some forty years, this SP leaves me wondering how so many so called investors have dumped this stock making it fall 25% in about 2 months!! This was on on record preliminary unaudited numbers announced in January so why would all these people invest and dump at high 60s and low 70s? Now I can only assume word has got out that something has knocked financial performance? If this is the case, then that’s unlawful and all trades should be investigated as something doesn’t reconcile. I expected 90p+ so how wrong was I I! Sitting on a hefty loss …. and doubt more butchery to come…..I hope I’m proved wrong but this decline is terrible and I’m surprised the board has remained silent….maybe the CEO is looking for an even cheaper buyout……who really knows…..
The Share pattern and price is a difficult one to explain, and yes currently frustrating.
One could argue that in hindsight perhaps the flotation price was slightly on the high side, it enabled existing shareholders to benefit from flotation, but that’s normal and nothing unusual. Part of the re-distribution and expansion of the shareholder base post-flotation.
Is this a business sector that’s hard for investors to understand? Er, no. It probably one of the easiest, retailing and distribution of building and plumbing materials for both diy and small / medium sized contractors.
Some have mentioned the impact of Staff incentive Share plans, but from my experience that can only be a good thing.
Growth strategy -Solid and proven. Acquisition of similar, smaller family owned merchants looking to exit, plus emphasis on organise growth as well.
Profitable, even at this relatively early plc stage, paying a modest dividend.
My rationale for investment was very simple, I met the current CEO in a very minor business capacity, probably some 12 years ago and was very impressed with both him and the company. When I saw in the business press that they were coming to the market, to me it was a totally logical, nailed on investment.
Although I’m carrying a paper loss on this currently, my sentiment hasn’t changed, I like the company and genuinely believe it will be ultimately a very beneficial investment. As always, DYOR of course.
12p down since January and overall no real change in the company’s performance. The sales will again crush this SP…results will be announced and it will recover some of the lost ground. Why this SP is struggling so low is crazy. A great company with growth opportunities and no doubt an M&A target at some future point…..bring on the recovery…results due early April…
Someone somewhere must know something I don’t…all thes sales around 8-11000 are strategic. Maybe the results are going to disappoint but for the volume of sales over the last month, MMS are utter filth imho….
I have no clue why the MMs are butchering this on relatively low volume sales…a few more bought…onward and upwards… hoping for £1 still…
SP imho being intentionally pressurised lower to fill a big buyers boots! Unbelievable market forces (I won’t say manipulation), but it’s an utter disgrace. How can the offer price drop 3p on the back of a nothing sale….disgusting !!!!
Why are these people selling when nothing has changed???? There was a 30000 purchase last week and overall, no big exodus but the SP gets marked down 5p!! Unbelievable what MMS do …. I remain confident in this company and the future growth …..
Hoping for a major jump in the SP soon. This company is performing very well and will continue to expand and diversify it products and client base. They only have 1% of market share so customer growth and effective cost management will see profitability increase considerably.
See RNS for analysts and investors presentations…hoping the numbers are better than previously projected…is the magic £1 SP on the horizon? I certainly expect the SP to rise over the next few weeks (see prior posts) - 52 week high was last year April…. time to grab these cheaply…. DYOR however….
I reiterate how well placed the company is to grow its sales and profits. The SP doesn’t reflect the value of the shares…add 20% to the SP and that’s more realistic. Waiting for this to rapidly move higher…the 12 month high was last April…
I’m so looking forward to the fy22 audited results…fabulous company….markets are turbulent …these will go much higher….