Updates

Luceco

September 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.

In spite of a subdued market backdrop Luceco has put in a strong first half performance with its revenue up 8% to c. £109m while it expects adjusted operating profit of around £12.5m, an impressive 15% year-on-year increase. The sales gains are mostly volume gains with little movement in pricing. Operating margin increased 0.8% to 11.5% reflecting better fixed cost absorption from higher volumes as well as a change of leadership and improved focus at its Chinese factory. Net debt is 1.2x EBITDA after paying last year’s final dividend as well as seasonal working capital increases and is expected to fall to 0.8x by the year-end, leaving room for more acquisitions. Based on unchanged eps forecasts of 12.1p this year, rising to ...

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Bloomsbury - Shares soar 250p in just six weeks!

SigmaRoc - EBITDA “ahead of budget”

Luceco (November 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)

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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