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Luceco - First acquisition for two years

April 2024

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:
  • 131.5p
It’s been almost two years since its last acquisition (of Sync EV for £10m) but Luceco has finally broken the drought, announcing the purchase of D-Line, a supplier in cable management solutions, for an initial £8.6m, plus up to a further £3m  subject to a transformational business win. Tyne & Wear based D-Line designs and supplies a range of cable management solutions including decorative cable trunking and accessories, fire-rated cable supports, floor cable protectors and cable organisers. It supplies retail, wholesale and eCommerce customers mainly in the UK, Europe and North America. D-Line generated revenue of £17m and underlying profit of £1.4m in the year ended November so the price paid is excellent at a modest ...

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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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