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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luceco - Cheap on prospective PE of 10.8

October 2019

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:
  • 91p
It might seem counter intuitive to invest in a stock heavily exposed to the UK consumer ahead of Brexit but Luceco, a manufacturer of high quality lighting accessories and wiring products for trade distributors and retailers, has recovered from a period of turbulence to force several profit upgrades this year. Interim results show trading still “tracking ahead of expectations” with a loss of £1m last time transformed to a pretax profit of £6.1m and only management’s conservatism in the face of Brexit related economic uncertainty has prevented another upgrade.Luceco, which can trace its heritage back over 75 years, is run by CEO John Hornby and operates three divisions: Wiring Accessories, Portable Power and LED. The first two are l ...

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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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