Updates

Luceco - Massive Q4 cashflow pares down debt

February 2023

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.

A euphoric jump for the shares after a strong Q4 and Luceco now saying it expects to report full year revenue of c.£206m and adjusted operating profit at the upper end of the previous guidance. It also saw exceptionally strong free cash flow (huge £21m in Q4, adding to the £11m generated in Q3) and debt has been pared to £24m, from £54m in June. In the light of the statement, Liberum lifted its eps forecast by 9% to £18.5m pretax profit/eps of 10p for FY22. As previously guided, Q4 was lower due to destocking by Retail and Hybrid customers. Demand from the non-residential construction market remained buoyant and higher than last year, with higher energy prices driving increased interest in LED retrofit projects. Gross mar ...

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Warpaint

Luceco - Eps upgraded after commercial acquisition (October 2024)

Luceco - Margins head northwards to 11.5% (August 2024)

Luceco - Set to become a growth compounder (June 2024)

Luceco - Eps enhancing acquisition (April 2024)

Luceco (February 2024)

Luceco - Operating margin jumps to 12% in Q3 (December 2023)

Luceco - 12% eps upgrade - second since July (October 2023)

Luceco - Results at top end of expectations (August 2023)

Luceco - Cluster buying by directors (June 2023)

Luceco (November 2022)

Luceco - Guidance reiterated despite headwinds; prospective PE of 6.7 (October 2022)

Luceco - Well set for acquisition frenzy (April 2022)

Luceco (February 2022)

Luceco (November 2021)

Luceco (October 2021)

Luceco (August 2021)

Luceco - Expect a WA acquisition in due course (May 2021)

Luceco (March 2021)

Luceco (November 2020)

Luceco - Moots acquisition of European wiring accessories business (October 2020)

Luceco (September 2020)

Luceco - Significantly ahead of forecasts (August 2020)

Luceco (April 2020)

Luceco - Set to exceed forecasts (March 2020)

Luceco - On cusp of upgrading forecasts (October 2019)

Luceco - Prospective PE of 8.6 (September 2019)

Luceco - Trading materially ahead (June 2019)

Luceco - Record Q1 anticipated (May 2019)

Luceco - Pretax profit forecast upgraded by Â£1m (February 2019)

Luceco - Eps forecast 8p for this year (April 2018)

Luceco - Could make for an excellent recovery buy (January 2018)

Luceco - Acquires LED street lighting supplier on 6x operating profit (November 2017)

Luceco (October 2017)

Luceco - High flying LED business (April 2017)

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