Results: LUCE

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Luceco – states results challenges “previously highlighted”. Were they?...

Manufacturer and distributor of wiring accessories, EV chargers, LED lighting and portable power products, Luceco (LUCE) has announced “Q1 2022 revenue was 3% lower than Q1 2021”, though states that is with it having “previously highlighted the challenge of repeating 2021's record results, which delivered adjusted operating profit more than double pre-COVID 2019 levels, including a particularly strong H1 2021 performance”. So why a current share price response to around 145p, more than 25% lower?!...

EPIC LUCE
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This Illuminating Company's Shares have Lit Up the Sky, but There could Still Be More Room to Shine

Hello, Share Farmers. This old punter is abashed to say that there isn't much LED lighting at Stacey Towers. Stupidly, the price of a bulb puts me off - even though the saving on power easily outweighs the initial cost. Of course, the rest of the world is not so obtuse and there are signs that LED bulbs are selling like hot cakes. Which should help Luceco (LUCE), which makes them.

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