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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luceco - Another towering upgrade

December 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:
  • 250p
Just a month after announcing forecast beating interims, Luceco has revealed Q3 trading is also ahead of expectations, sending the shares to a new high of 269p. Q3 revenues grew 7.5% driven by online and DIY channels while encouragingly this has accelerated further in Q4. A similar demand pattern has been witnessed in European markets as Government imposed lock-downs eased, albeit professional and project LED channels have been slower to recover.Gross margin was better than expected at 41%, with higher sales volumes driving more efficient utilisation of manufacturing overheads, which themselves have been held at last year’s £22.6m despite growth in activity levels.In response, Numis has upgraded eps by 22% to 14.2 ...

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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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