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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luceco

April 2018

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:
  • 52p
Our decision to average down looks premature given Luceco’s shocking update on 6 March but the speed of its deterioration may have a lot to do with the greater reluctance of retailers to re-stock in any depth due to UK consumer spending weakness. Elsewhere in this issue, InnovaDerma and UPGS are facing their own problems for the same reasons.Luceco said trading conditions “have remained difficult due to its UK consumer facing business (25% group revenue),” which it blamed on consumer spending and the weaker dollar. This was partially offset by continued strong growth amongst higher margin trade, projects and international customers. As a result, it now expects 2018 profit after tax in the range of £12m-&poun ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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