Luceco Share Discussion Threads

[paulisi] 30/6/2021 15:51

Jumped as soon as US opened

[hawaly] 30/6/2021 15:06

Anyone shed a light on this price action?

[mngf] 08/6/2021 11:47

Large director sale. 11% of his 30% holding

[johnrxx99] 04/6/2021 16:30

Quite a large dumpfest today. Any news?

[ymaheru] 31/5/2021 00:11

Even £3m extra profit in H1 seems too little. Doubling operating profit should at least double profit.

In 2020, op profit rose 25% and profit (PBT) 58%. If we follow that again, then doubling op profit would more than quadruple the £8.4m profit.

In addition, H2 sales and margins appear to be rising, so I’d expect £25.2m to rise above £30m.

In addition, they say their acquisition strategy is progressing well, so there should be a boost from that this year also.

The analyst above seems far too conservative.

[ymaheru] 30/5/2021 15:27

Tole, this analyst seems a little behind.

LUCE’s trading update points at £34m extra revenue in H1 alone, so he is expecting only £2m uplift in H2. I know LUCE have often only produced low sales growth, but their update seemed far more upbeat.

I’d suspect £3m extra profit in H1, as sales up 43% on similar margins to last year.
Their gross margins are expanding again in H2, so I cannot see profits of only 36m. I’d be thinking £45m up to £60m myself, judging by recent years.

[tole] 30/5/2021 14:59

https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-begbies-n-brown-circassia-and-more/Luceco (LON:LUCE) – a little left yetAnalyst Daniel Cunliffe at brokers Liberum Capital rates the shares of this LED lighting and wiring products group as a 'buy'.He is looking for 350p after having upped his estimates following the recent AGM update.Cunliffe sees sales rising this year, to end-December, from £176m to £209m, then next year up to £221m.In that same time frame profits should rise from £34m last year to £36.2m this year and £40.6m next year. With earnings going from 15.5p to 18.4p to 20.6p per share.The analyst has previously argued that the company has a valuation of 400p a share.Currently 335p they have more upside.

[our haven] 28/5/2021 07:44

Yes, as they did for Reach with 8 million

[petes5] 28/5/2021 07:12

MSCI fund.

[tdog1975] 27/5/2021 18:30

Did someone just take a £5m position todayBlinking ek

[ymaheru] 13/5/2021 10:58

Yep, these ‘results’; are huge.

The biggest thing here is that they’ve passed on the rising cost of copper to customers so margins in H2 will INCREASE!

With gross profit about double H12020, and H2 sales and gross margins looking strong, LUCE really is looking good. I can see it rising a lot over next few weeks, depending on how choppy the markets are.

It is so undervalued.
I just bought another tranche of shares.

[farnesbarnes] 13/5/2021 10:33

Congrats holders. Make you wonder what an up market might have done here. Maybe even higher next week.

[our haven] 13/5/2021 07:09

Good trading update with the momentum being maintained. Interesting to see the last point that their take over strategy is making strong progress so we can expect some news on that front in the near future.

[johnrxx99] 11/5/2021 05:42

I can understand that, been having those thoughts as well. However, all producers will be in the same boat and that's why inflation is the biggest topic at the moment.

[farnesbarnes] 10/5/2021 11:36

My fling with LUCE is over for now. I can potentially see copper costs having a material impact next results. Will be back if copper cools or costs can be passed on to consumers.

[farnesbarnes] 22/4/2021 11:17

Fluctuations

[gemmaqiu12] 22/4/2021 10:39

What's going on?

[farnesbarnes] 16/4/2021 14:30

I only got involved recently at 260, with a 400p target in 12 months.

[jarega85] 16/4/2021 14:23

I remember when I was contemplating investing at 70p and didnt! Still on my watch list today. Well done holders.

[ymaheru] 15/4/2021 12:03

LUCE great company.
I think it’s very undervalued at present.

Working it out on 20% growth for 5 years (so just over 100% total), then slowing substantially, I still come in at fair value over 700p.

Let’s not forget that even during the pandemic it grew profits at 116% in just one year, so my valuation may seem very conservative.

Cheap as chips. Can see it rising a lot in next year or two.

[our haven] 15/4/2021 11:25

Very welcome rise this morning. The positive outlook continues to drive the price northwards. Happy days!

[tole] 02/4/2021 14:27

https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-robinson-tremor-international-luceco-and-more/Luceco (LON:LUCE) – brokers going for 330pThe 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.(Profile 15.06.20 @ 96.1p set a Target Price of 125p*)