Member Info for groudle

Luceco (LON:LUCE) – brokers going for 330p

The LED lighting, wiring, and portable power products group enjoyed a magnificent year in 2020.

On sales up just 2.4% at £176.2m, it reported pre-tax profits of £33.6m, up 96.5%. Earnings leapt 116.9% from 8.3p to 18p per share, while the dividend payment was 168.6% better at 6.2p per share.

The current year will not see such dramatic increases, due to added raw material and freights costs. Even so, the management is confident of further revenue and profit progression going forward.

The shares, currently around 273.5p, still have upside potential, with another 20% being possible, so hold tight.

Thanks for updates ISA I can see them

I would imagine screwfix and B&Q are Luceco’s biggest customers, so hopefully we will get a positive update on how H1 is going is going so far

I see Liberum Capital have a new target price of 220.00

Must be some big news coming on the 8th of September that we don’t know about yet

Some big buys this morning 640k

They probably haven’t it’s just averaged out over the 4 months as I’m guessing January and February were largely unaffected then March would of seen the effects of their factory temporarily closed and April our lock down.

Revenue halved for 2020 so far!

We have seen some gains but with this lock down set to last quite a while Q2 is going to be a disaster. I can really see it going back down to 60p levels in the short term. I think Recovery for many companies is going to take 12 months

It has been postponed

I heard a rumour they may of secured a big contract for HS2 I know they did a train or tram station recently

Jiaxing near Shanghai

I heard sales were booming, so no wonder the staff have loaded up on them. A Couple of big wholesalers I spoke to have delays in getting stock saying luceco can’t keep up with demand. Could just be restocking after destocking earlier in the year. Could be over stocking over fears of brexit. Who knows, but we shall soon find out in a couple of weeks.