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Luceco - Set to exceed forecasts

March 2020

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.

  • Epic Code:
  • LUCE
  • Price:
  • 115.5p
Another GP3 constituent to say it is trading ahead of expectations is Luceco, which hit 150p at one point after saying it now expects both “2019 & 2020 profits to be ahead of market expectations.”FY19 sales will be £172m, up 5%, whilst  further gross margin expansion and control of overheads means operating profit will be £17.5m-£18m, up from £8.5m in FY18. Adjusted operating margin will be between 10.2%-10.5%. Best of all, net debt is now under 1x EBITDA.In terms of guidance, despite being one month into the year, Luceco said it expects FY20 operating profit to be in the range of £20.5m-£21.5m, which is also ahead. A main write up at 75.5p in May ‘19. Await r ...

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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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