CMO Group is the largest online retailer of building materials in a market where pure online businesses still have a relatively small share. CMO can grow on the back of the continued move to online. There are also plans to combine the company’s websites in one unified website.
Longer-term growth will come from adding more categories of product. Areas such as plumbing, bathrooms and electricals have been identified. There are also opportunities for acquisitions.
The shares commenced trading at 138.5p and ended the day at 154p. There were 328,760 shares traded.
In the first five months...
