Updates

Luceco - Expect a WA acquisition in due course

May 2021

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.

Luceco's full year results contain few surprises having already seen five upgrades since June. Most of the growth has come from the wiring accessories (WA) side - switches and sockets, circuit protection, cable management products and the like. Sales were up 2% to £176m but gross margins went up as a result of WA being a higher proportion of the product mix due to the pandemic creating a resurgence for DIY. WA increased sales 16% to £81m but divisional earnings almost doubled to £23m as all the additional sales produced high factory utilisation and this drove EBIT margin expansion of 10% to 28.3%. LED saw a 9% sales decline to £49.5m but more than doubled its margin to 5.7% due to last year's pr ...

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Mpac

Strix - Strategy to double sales by 2025

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 - Massive Q4 cashflow pares down debt (February 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 (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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