Updates

Lords Trading Group - CMO now back to 90% availability

October 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.

Lords crammed a lot into its first half, opening three new merchanting branches, acquiring online rival CMO and a sale-and-leaseback of four yards. The results? Group sales climbed 8% to £232m, with like-for-like growth of 7% - comfortably ahead of a sector where Travis Perkins’ merchanting arm shrank 2.1% and Grafton barely scraped 0.2%. EBITDA came in at £12.1m. Strip out a one-off gain last year from CHHM and profits were up 3%. Net debt fell sharply to £20.9m from £32.4m. The backdrop is uninspiring - higher interest rates are keeping demand subdued in the business, where it is 80% repair-and-maintenance and 20% new-build. But CEO Shanker Patel insists the platform is set for “a strong profit recovery,” even if the mark ...

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On the Beach - Well on track for TTR of £2.5bn and EPS of 40p by 2028-9

Zinc Media

Lords Group Trading (December 2025)

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

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