Updates

Lords Trading Group - Q1 recovery: +11% Merchanting and +22% P&H

June 2025

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 home renovation market has clearly faced headwinds, as consumers tightened their belts amid high borrowing costs. But with interest rate cuts on the way and early signs of a housing market revival, the outlook is improving eg, prompting Kingfisher and Topps to upgrade expectations. This optimism is echoed in the latest update from the British Retail Consortium, which said consumer expectations for DIY and home improvement spending have turned positive. Speaking with CEO Shanker Patel following the group’s FY24 results, he too re-echoes the worst is definitely behind us. FY24 sales came in at £437m - down 5.6% - and EBITDA was £22.4m, including a £1.8m gain on property disposals. Merchanting sales dipped 0.3% to £214m (down 3. ...

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SDI Group

Topps Tiles - First seven weeks of H2 sales +9.5%

Lords - Buys online pure play from administrators (July 2025)

Lords Group Trading (October 2024)

Lords Group (June 2024)

Lords - Well oversold (February 2024)

Lords Group (October 2023)

Lords Trading Group (May 2023)

Lords Group (February 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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