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Luceco - Eps beats forecast

May 2017

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.

Maiden results sent the shares soaring to a new high of 225p. These showed revenues, operating profit and eps rising 30%, 53% and 102% respectively to £134m, £17.6m and 8.5p. While profit was in line, eps comfortably beat forecasts (of 7.2p) thanks to a one-off tax benefit. Gross margins surged a massive 8.8% to 35.7%, while EBIT margins jumped 2% to 13.2% thanks to operating leverage and a change in product mix.LED lighting was the star, increasing sales 42% to £33m driven by penetration of the product range to existing customers and growth in the LED market thanks to its cost savings benefit.Wiring accessories (switches, sockets, fuse boxes) grew sales 30% to £62.2m while portable power (cable reels, ...

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

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