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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luceco - 23% eps forecast upgrade

September 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:
  • 141p
Little more than a month after its previous “ahead of” statement, Luceco again produced a stunning update, stating trading is running materially ahead of current analysts’ forecasts, causing the shares to leap to over 140p. The group, which distributes wiring accessories, LED lighting and portable power products, notes that while revenues were 14% lower in H1 ’20 compared with the prior year, it ended the period with sales stabilising at 90% of prior year levels. This outperformance of the UK market is thanks to its disproportionate share of online / multi channel customers and consumer / DIY markets where demand has proved resilient. Adjusted gross margins were 3.5% better than H1 ’19 ...

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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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