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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luceco - Emerging LED lighting products business eyes eps growth of 15-20% p.a.

December 2016

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:
  • 145p
New issues have been pretty mixed in 2016 but one diamond in the rough is Luceco, a manufacturer of high quality lighting accessories and wiring products for trade distributors and retailers. The shares were placed at 130p on 20th October and spiked to a high of 156p before settling at 145p but I expect them to resume their ascent.Luceco has floated at a time when trading is literally going through the roof with sales and EBITDA rising from £65.6m and £7.3m respectively in FY’13 to £103.1m and £14m in FY’15. This year is shaping into another vintage one with revenues up a further 25% in H1 and tracking 34% higher in Q3.Aided by a low cost facility in China its most established side, wiring ...

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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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