Primary Recommendation

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

December 2016

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.

New issues have been pretty mixed in 2016 but one diamond in the rough is Luceco, a manufacturer of high quality lighting accessories and wiring products for trade distributors and retailers. The shares were placed at 130p on 20th October and spiked to a high of 156p before settling at 145p but I expect them to resume their ascent.Luceco has floated at a time when trading is literally going through the roof with sales and EBITDA rising from £65.6m and £7.3m respectively in FY’13 to £103.1m and £14m in FY’15. This year is shaping into another vintage one with revenues up a further 25% in H1 and tracking 34% higher in Q3.Aided by a low cost facility in China its most established side, wiring ...

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Luceco - Three directors buy shares (January 2025)

Luceco (November 2024)

Luceco (September 2024)

Luceco - Q1 profit +30% (July 2024)

Luceco (May 2024)

Luceco - First acquisition for two years (April 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)

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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