Lords Group Trading (LORD)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

78.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 146.00
  • 52 Week Low: 77.20
  • Currency: UK Pounds
  • Shares Issued: 158.52m
  • Volume: 37,970
  • Market Cap: £123.65m

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.

Email this article to a friend

or share it with one of these popular networks:


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 78.00p
Change Today 0.50p
% Change 0.65 %
52 Week High 146.00
52 Week Low 77.20
Volume 37,970
Shares Issued 158.52m
Market Cap £123.65m

LORD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.05% below the market average51.05% below the market average51.05% below the market average51.05% below the market average51.05% below the market average
63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average
Price Trend
21.81% below the market average21.81% below the market average21.81% below the market average21.81% below the market average21.81% below the market average
23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average
Income
22.39% above the market average22.39% above the market average22.39% above the market average22.39% above the market average22.39% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
34.29% above the market average34.29% above the market average34.29% above the market average34.29% above the market average34.29% above the market average
7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average

LORD Dividends

  Latest Previous
  Final Interim
Ex-Div 01-Jun-22 07-Oct-21
Paid 07-Jul-22 01-Nov-21
Amount 1.26p 0.63p

Trades for 27-Jun-2022

Time Volume / Share Price
15:47 5,000 @ 78.00p
15:37 2,860 @ 77.20p
14:39 469 @ 79.92p
09:42 12,000 @ 78.00p
08:37 2,500 @ 80.00p

LORD Key Personnel

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

Top of Page