Luceco Share Price (LUCE)

A very muted response to an excellent set of results - extremely resilient in view of the freight costs. Reinstated that they will meet expectations.

Might be getting another broker forecast soon as has picked up well.

John Hornby, Chief Executive Officer of Luceco commented:

"D-Line's product range is a natural fit alongside our existing categories. The business has developed a strong brand in the UK and internationally, and we are particularly excited about the opportunity to leverage D-Line's operation in North America to support our growing business in the territory."

Hopefully we will see this continue and move past the 200p mark.

Share price is going on a great upward run following the results release. It looked to have settled 160-165 but has surged on beyond that. Long term holders/followers might remember the 2020-21 run that saw 9x from 56p to 497p. Could this keep going to 200 and beyond? With 6.2% revenue growth and 30% growth in operating profit as per their Q1 announcements, they would be performing in line with 2021($220m revenue, $29m operating profit). Yet this is sat at 10P/E vs c. 17 P/E in 2021-22. Feels like this has plenty of headroom

Being held back at the moment. Will go up quickly soon.