reports
Luceco: 1 director
A director at Luceco bought 50,000 shares at 132p and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Clo...
- Liberum Research Team
- Liberum Research Team
- Charlie Campbell
- Edward Prest
LIBERUM: Luceco* - On track: rising margins & easing comps
Luceco’s management is cautiously optimistic for the rest of 2023, despite Q1 like-for-like revenue falling 9%, as comps will get easier and new products will drive growth. The pace of customer destocking is as expected and is nearly complete. With covenant net debt at 0.9x EBITDA, the group has scope to resume M&A, and has a good track record of improving the profitability of acquisitions. The gross margin improvement in H2 2022 has been sustained into H1 2023. We note the caution on the macro-...
- Liberum Research Team
- Liberum Research Team
- Charlie Campbell
- Edward Prest
LIBERUM: Luceco* - Margin momentum coming into view
Luceco’s full year results came in at the top of the guided range. For us the highlights are the improvement in gross margin through the year, finishing at over 38% and the record free cash flow, driven by working capital discipline. Management has not rescinded its 15% margin aspiration and the means to achieve this are becoming clear: fast growing EV chargers will deliver premium margins; the end of destocking will boost margins in Wiring Accessories and LED Lighting will benefit from more Chi...
- Liberum Research Team
- Liberum Research Team
- Charlie Campbell
- Edward Prest
LIBERUM: Luceco* - 2022 beat with 2023 risk tilting to upside
Luceco’s trading update points to in line 2022 sales and profit at the upper end of the guided range, after a strong second half gross margin. The highlight is undoubtedly the record cash flow in 2022 which took leverage down to 0.8x (pre-IFRS 16) mainly as inventory was managed down. We raise our 2022 EPS estimate by 9% but maintain a prudent view on 2023 as we watch the UK housing market. Residential RMI is stabilising, and with mortgage rates falling fast, risks could be building to the upsid...
An unfavourable environment weighs on LUCECO, which sees a downgrade t...
The independent financial analyst theScreener just requalified the general evaluation of LUCECO (GB), active in the Electrical Components & Equipment industry. As regards its fundamental valuation, the title still shows 2 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date April 5, 2022, the clo...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.