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Luceco - Trading ahead of expectations

April 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LUCE
  • Price:
  • 168.5p
After waiting an age with a double holding in GP3, Luceco, the electrical accessories group, is absolutely whacking the ball out of the park. Not only did it deliver operating profit of £33.8m for FY25 and EPS of 15p - beating prior expectations - but it now guides for this year’s figure to comfortably exceed City consensus, with operating profit set to top £37m (versus forecasts of £34.7m–£36.5m). The big spark continues to come from the push into the energy transition market. Sales of electric vehicle chargers surged 85% in the year to £18.1m, accounting for c.7% of total revenues. That, together with a full year of contribution from the D-Line and CMD acquisitions, helped drive overall turnover by 12% to £271.4m (like-fo ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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