Luceco Share Discussion Threads

[113mike] 02/2/2017 08:11

Great RNS this morning imho..onwards and upwards!Luceco PLC Trading StatementSource: UK Regulatory (RNS & others)TIDMLUCERNS Number : 8059VLuceco PLC02 February 20172 February 2017Luceco plc("The Group")Trading UpdateLuceco plc, a manufacturer and distributor of high quality and innovative LED lighting products and wiring accessories, issues a trading update for the year ended 31 December 2016 following its successful IPO on 20 October 2016.The Board is pleased to confirm that the Group continued to trade well during the period and results for the full year will be in line with market expectations.Trading across the Group since the period end has remained strong and Luceco has entered the new financial year with significant momentum.As outlined at the time of the Group's IPO, the Board believes the Group's innovative and expanding product range, strong market positions and ongoing investment in product and channel development mean it is well placed to deliver continued revenue and profit improvements.-ENDS-

[nurdin] 01/2/2017 16:06

Nice reversal....

[joeywald] 01/2/2017 13:15

Yes, Nurdin, noticed that. Yet, with no sales since, the above graph shows the price has fallen (?). Strange.

[nurdin] 01/2/2017 11:22

Some chunky buys coming in...

[nurdin] 30/1/2017 13:59

Yes I got that from the Company as well.Not long to wait now!

edit: I am hoping for eps of much better than the brokers forecast of 7p.

[joeywald] 12/1/2017 10:05

According to Investor Relations, "Luceco plans to issue a trading update on 2nd February, and full year results are currently scheduled for 5th April."

[abarclay] 05/1/2017 22:05

Deal just announced between REDS and Phillips to cross leverage products through One Space.

Significant.


REDS could go a long way

[nurdin] 28/12/2016 12:00

Yes but that eps estimate (2017) of 10p implies a jump of near 43% from the 7p estimated for 2016.On PEG metric therefore,the share look cheap!

[che7win] 22/12/2016 12:23

On forecasts, they must be near p/e of 20 at around 200p.

[joeywald] 22/12/2016 11:45

Exciting times. Looks like people have started to recognize the investment opportunity!

[nfs] 13/12/2016 10:51

Does anyone have any forecasts for this company?

[che7win] 06/12/2016 17:24

They are all over Amazon website.

Terrific move today, chart looks exciting.

[yump] 06/12/2016 16:28

fwiw they are in Maplin if anybody didn't know.

However, either they or Maplin need a kick up the .... because there were only lower wattage equivalents - 40W and below, so I left and went to Homebase. I needed some brighter ones - 60W and 75W. Unless Maplin customers are all gamers and geeks who like dark rooms...?

Its like Cheddar Cheese - there's a choice of 20 in most supermarkets, but the Mozzarella is out of stock. I used to like Cheddar, now I hate it on principle.

[johnv] 06/12/2016 15:54

Rising on the back of dialight update

[nurdin] 06/12/2016 13:54

Could be start of a major move here..imo only.

[nurdin] 01/12/2016 14:16

cheers Dixie, the share price is showing some strength now and hopefully will accelerate towards the brokers target once the results are out.

[dixies] 28/11/2016 19:23

Numis have initiated coverage with a price target of 190p.

[joeywald] 10/11/2016 09:54

Back in for a little top up.

[joeywald] 04/11/2016 19:31

I'm waiting for US election to pass first!

[che7win] 04/11/2016 09:38

I'm accumulating here.

[che7win] 03/11/2016 13:35

I also bought in last week.Does anyone have broker EPS forecasts?

[nurdin] 01/11/2016 21:07

Yes thats what caught my eye too.

Sorry about he formatting there,will try to fix it once I get over my flu!

[joeywald] 01/11/2016 20:10

"strong" mentioned six times.

[nurdin] 01/11/2016 19:18

A little excerpt from the IPO document:

The Group has traded very strongly since 30 June 2016, with record trading in July and August. The Group experienced revenue growth of 19per cent. in July and43per cent. in August compared to the corresponding months in FY 2015 In Q3 2016 overall revenue growth was approximately 34 per cent. compared to the corresponding period in 2015. Growth has been strong across all the Group's brands with a particularly strong contribution from USB sockets and circuit protection units within BG and the expansion of the Luceco LED range.


Increased revenue also resulted in increased profitability with gross margin of 36.4 per
cent. in July and 37.1 per cent. in August, ahead of gross margin in H1 2016 of 35.3 per cent. EBITDA in
this period has also increased significantly at 21 per cent. and 111 per cent. in July and August respectively.

This improvement in EBITDA is principally due to strong revenue growth and favourable product mix as
well as increased output from the Group's facility in China.

There is a strong pipeline of new product launches for Q4 2016 and the LED Projects business is gaining
momentum in the UK and internationally with a growing pipeline of projects. Management estimate that
new business wins to date in 2016 are worth in excess of £12 million in 2017 and in addition there are over £19 million new business opportunities currently under discussion. FOB business remains significant for the Group's revenues and this provides good visibility in the run-up to the Autumn and Christmas selling season and 2016 year-end out turn.


The Directors believe that the outlook for the business remains very strong and
is on-track to deliver the Director's expectations for the full-year.