Lords Group Trading (LORD)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

48.00p
   
  • Change Today:
    -3.00p
  • 52 Week High: 72.50
  • 52 Week Low: 41.00
  • Currency: UK Pounds
  • Shares Issued: 165.56m
  • Volume: 186,508
  • Market Cap: £79.47m

Lords gets exclusivity over possible Sudbury acquisition

By Josh White

Date: Tuesday 15 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Building materials distributor Lords announced on Tuesday that its subsidiary Hevey Building Supplies has signed an exclusivity agreement with Huws Gray for the potential acquisition of a Grafton Merchanting GB (GMGB) 'Buildbase' branch in Sudbury, Suffolk.
The AIM-traded firm said under the agreement, Hevey was provided with exclusivity until 31 March in relation to its potential acquisition of the branch, which generated revenue of £5.1m in 2021.

Lords said the acquisition would offer synergies for the Sudbury branch and the wider merchanting division across product range, acquired customers and digital presence, while also further enhancing Hevey's growing East of England presence.

While the potential acquisition remained subject to agreement between the parties, it was envisaged that it would see all employees of the Sudbury branch transferred into the employment of Lords.

The total consideration payable of no more than £2.2m would be met from the company's existing cash resources, the board said.

"The proposed acquisition of GMGB's timber and building materials business is another strong statement for Lords, as we continue to deliver the group's merger and acquisition strategy, set out at IPO," said chief executive officer Shanker Patel.

"The potential acquisition will, if completed, further diversify our offering to existing customers and will offer significant synergies with our merchanting division."

At 0903 GMT, shares in Lords Group Trading were up 0.49% at 102.5p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LORD Market Data

Currency UK Pounds
Share Price 48.00p
Change Today -3.00p
% Change -5.88 %
52 Week High 72.50
52 Week Low 41.00
Volume 186,508
Shares Issued 165.56m
Market Cap £79.47m

LORD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.77% below the market average11.77% below the market average11.77% below the market average11.77% below the market average11.77% below the market average
7.32% below the sector average7.32% below the sector average7.32% below the sector average7.32% below the sector average7.32% below the sector average
Price Trend
62.4% below the market average62.4% below the market average62.4% below the market average62.4% below the market average62.4% below the market average
65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average
Income
57.63% above the market average57.63% above the market average57.63% above the market average57.63% above the market average57.63% above the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Growth
67.97% above the market average67.97% above the market average67.97% above the market average67.97% above the market average67.97% above the market average
70.73% above the sector average70.73% above the sector average70.73% above the sector average70.73% above the sector average70.73% above the sector average

LORD Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Sep-23 25-May-23
Paid 06-Oct-23 27-Jun-23
Amount 0.67p 1.33p

Trades for 28-Mar-2024

Time Volume / Share Price
11:28 124,924 @ 50.00p
15:45 1,000 @ 47.99p
15:39 2 @ 47.99p
13:00 25,000 @ 47.00p
15:23 10,000 @ 47.53p

LORD Key Personnel

CEO Shanker Bhupendrabhai Patel
CFO Christopher Michael Day
Chair Gary O’Brien

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