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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luceco - Gain to date: 209%

May 2021

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:
  • 290p
The shares roared ahead to 290p after Luceco announced strong final results marginally ahead of upgraded forecasts with revenue and pretax profit increasing 2% and 96%, respectively, to £176.2m and £28.7m and operating margin soaring 5.1% to 16.8%. Eps were 15.5p.Wiring accessories was the swing factor and grew profit 51% to £29.5m, while LED lighting rose almost 12% to £5.7m and portable power fell 14% to £7.5m. This recovery was mainly driven by the retail channel but encouragingly Q4 ’20 saw this spread to professional channels, with the current year potentially benefiting from a recovery in LED project work as commercial construction resumes. Excitingly, Luceco is accelerating new ...

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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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