Updates

Luceco - First acquisition for two years

April 2024

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.

It’s been almost two years since its last acquisition (of Sync EV for £10m) but Luceco has finally broken the drought, announcing the purchase of D-Line, a supplier in cable management solutions, for an initial £8.6m, plus up to a further £3m subject to a transformational business win. Tyne & Wear based D-Line designs and supplies a range of cable management solutions including decorative cable trunking and accessories, fire-rated cable supports, floor cable protectors and cable organisers. It supplies retail, wholesale and eCommerce customers mainly in the UK, Europe and North America. D-Line generated revenue of £17m and underlying profit of £1.4m in the year ended November so the price paid is excellent at a modest ...

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Howden Joinery - Potential beneficiary when RMI recovers

Energean

Luceco - Three directors buy shares (January 2025)

Luceco (November 2024)

Luceco (September 2024)

Luceco - Q1 profit +30% (July 2024)

Luceco (May 2024)

Luceco - Trading ahead of expectations (March 2024)

Luceco - Leverage falls below 1x (January 2024)

Luceco (November 2023)

Luceco - Margin growth drives 8% profit upgrade (September 2023)

Luceco - CEO John Hornby upbeat on margin recovery potential (June 2023)

Luceco - Net debt to be virtually eliminated by FY24 (May 2023)

Luceco - Net debt / EBITDA just 0.8x vs forecasts of 1.3x (March 2023)

Luceco (December 2022)

Luceco (June 2022)

Luceco - Acquires DW Windsor (December 2021)

Luceco - Gain to date: 209% (May 2021)

Luceco (March 2021)

Luceco - Another towering upgrade (December 2020)

Luceco - Shares hit new high of 221p (November 2020)

Luceco - 23% eps forecast upgrade (September 2020)

Luceco - Huge upgrade (August 2020)

Luceco (May 2020)

Luceco (March 2020)

Luceco - Soon to be prospective PE just 11.2 in spite of excellent growth record (November 2019)

Luceco - Cheap on prospective PE of 10.8 (October 2019)

Luceco - Forecasts upgraded; new price target 80p (March 2019)

Luceco (July 2018)

Luceco (April 2018)

Luceco (February 2018)

Luceco - Gain to date: 65% (November 2017)

Luceco (September 2017)

Luceco - Eps beats forecast (May 2017)

Luceco - Emerging LED lighting products business eyes eps growth of 15-20% p.a. (December 2016)

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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