Updates

Lords Group

February 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The picture has brightened rapidly at Lords, with its pre-close update saying trading is ahead of current market expectations. For the year ended December, sales are expected to be up 24% to £450m. Adjusted EBITDA is stated to be “not less than £28.3m, +26.9%” with an improved 6.3% margin (+0.2%) against the inflationary backdrop last year. The group closed the period with net debt of £23.5m. Merchanting is the standout, with sales +69% including acquisitions made in the period (Advance Roofing, AW Lumb and Buildbase Sudbury) but its brands continue to take market share, and this translated into LFL of +17.4%. Plumbing and Heating saw LFL sales down 9.1% mainly due to the industry wide boiler shortages during the year (whi ...

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Yu Group - Shares up 80% since December’s tip

Fonix

Lords - Well oversold (February 2024)

Lords Group (October 2023)

Lords Trading Group (May 2023)

Lords Group Trading (October 2022)

Lords Group Trading - Will hit £500m sales target a year early (May 2022)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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