RE: Valuation is way below true value24 Jan 2024 13:30
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.