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Luceco

November 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:
  • 154p
Luceco has announced the acquisition of CMD, a  provider of power distribution products, for £30m. At 7.5x last year’s EBITDA, it will be eps enhancing in its first full year. Pro-forma net debt / EBITDA is expected to rise to 1.8x. Founded in 1984, CMD is the largest UK provider of wiring accessories into the commercial segment. Its products include Betatrack, an underfloor powertrack system that connects desks and workstations with the central electrical network in a commercial building. These systems are used in offices, retail outlets and leisure destinations. It also sells desk and under desk workstation power units containing traditional plugs and USB sockets. Encouragingly, CMD’s sales have risen from £18.8m in FY’20 to £23 ...

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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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