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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luceco - Q1 profit +30%

July 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:
  • 188p
The investment case for Luceco just keeps getting stronger with adjusted operating profit increasing 30% year-on-year in the first quarter, partly in comparison to a weak Q1 last year when de-stocking pressures were raging but also aided by the operational gearing effects of a pleasing 6.2% growth in revenues (4.2% underlying). Lead indicators are more positive too with: consumer confidence improving; the Construction Products Association expecting -2.7% residential RMI volume change in 2024 (up from -8% last year); the number of UK properties for sale has just surged to an eight-year high; and the Kingfisher-owned, 268.5p Screwfix (a key customer) continues to perform robustly in the UK. The hope is this will kick-start re ...

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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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