Market's view on Luceco
Published on April 2024
- A stock watcher highlighted the acquisition of a small company.
- Concerns were raised about a potential drop in a company’s stock price due to decreased electric car sales.
- Recent financial results showed improvements, with the company returning to growth.
- A stock watcher sold their shares to purchase more from SMCI on the US markets.
- A significant share price drop was noted, with no volume, and upcoming results are anticipated to reveal if there have been material changes from a previously positive outlook.
- The financial performance of a company includes a £14.5 million turnover with a 58% margin and an EBITDA of £689k.
- A note from Liberum discussed potential upside from a contingent consideration triggered by a significant business win.
- Numis issued a note predicting a strong H2 with gross margins at 39.4% and adjusted EBIT margins at 12.2%, suggesting that the company might soon trade ahead of expectations.
- Positive prospects and a tie-up with NatWest Bank are noted for a company in which LUCE is a 5% investor, indicating potential for significant long-term growth.
- The CFO’s purchase of shares at a significant amount is viewed as a big vote of confidence.
- Analysis from “Small Caps Life” praised a company for being exceptionally well-run with good growth prospects.
- The company’s stock breaking a significant price point was discussed as a potential indicator of future performance.