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Luceco - Guidance reiterated despite headwinds; prospective PE of 6.7

October 2022

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:
  • 83p
I was recently interested to see building materials supplier Travis Perkins launch an RMI Index, which is a periodical survey on tradespeople and how busy they are. Reading the latest one, it seems to be a lagging indicator for the health of the building materials and merchants sector - contrary to the positive outlook in the report, share prices in the sector have endured an awful period with steep falls (eg. Travis, Grafton, Lords, Victoria Plumbing, CMO and the like). Luceco, the  manufacturer of electrical accessories (power sockets, light switches, cables and extension leads) and LED lighting through UK trade and retailers, such as B&Q, Screwfix, Tesco and Argos, has similarly been affected.Historically, the performance of ...

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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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