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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luceco - Huge upgrade

August 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:
  • 98p
An encouraging update from Luceco saw the shares soar to 129p at one point. The manufacturer and distributor of high quality wiring accessories, LED lighting and portable power products, announced that in Q1 2020 revenue was 10% lower than Q1 ’19 due to Covid-19 affecting supply chain issues. But Q2 ‘20 is now expected to be just 25% lower, thanks to improving demand and reflects out performance of the UK market. Profitability has been protected in both quarters by stringent overhead reductions and it now expects operating profit to be at least in line with H1 ’19 (£7.2m). With working capital and capex both tightly controlled, net debt / EBITDA should be no higher than last December’s 1x.  ...

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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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