Updates & Ideas

Lords Group - PE just 8.6 in spite of second upgrade

June 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.

Lords Group, which provides builders merchanting and plumbing & heating services, listed in summer 2021 to much fanfare, boasting a track record of growing turnover from £246m to £288m between FY’18-20 and EBITDA profit from £10.1m to £11.4m attracting a glittering list of blue-chip investors including Premier Miton, Schroders and Slater Investments. The shares initially rose from the placing price of 95p to a high of 144p. Unfortunately, like many businesses, it was then caught up in the turmoil of current global events, including the war in Ukraine, runaway inflation and squeezed incomes. But against that, Lords has actually delivered two upgrades to forecasts this year (the latest following strong FY’22 results) and newly revised ...

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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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