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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luceco

May 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:
  • 71p
It’s a “tale of two halves” for Luceco, the provider of electrical accessories such as wiring, portable power and LED lighting products. On the supply side, its factory in Jiaxing, roughly 800 km from the COVID-19 epicentre in Wuhan, China, re-opened on 17 February and has moved to full capacity with fulfilment operations working as normal. However, the bugbear is the demand side and although Q1 20 profit is expected to be in line despite supply disruption (thanks to proactive cost control), the increased constraints placed on free movement to halt the spread of COVID-19 is expected to have an inevitable adverse impact.Nevertheless, Luceco has a strong balance sheet with only £26m drawn against to ...

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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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