Luceco – half-year trading update, how are the ‘results challenges’ now?

Previously writing on manufacturer and distributor of wiring accessories, EV chargers, LED lighting and portable power products Luceco (LUCE), in May with the shares down to around 145p I concluded I’d await clear evidence of suggested improvement before reconsidering from avoid. So what of now a half-year trading update with the shares at 111.4p?

Luceco (#LUCE) – notes H1 decline and that home improvement spending continues to slow

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?!...

Luceco (#LUCE) – Q1 update, impacted by “normalisation of customer inventory levels”

Luceco (#LUCE) – 2021 adj. EPS +30%, DPS +31%, £10m acquisition of charge point supplier Sync EV

Luceco (#LUCE) – H1 ahead of expectations & positive for H2

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.

Luceco (#LUCE) – 2021 to end Apr revenue +43% on 2020 and +22% on 2019, “healthy sales momentum”

Luceco (#LUCE) – FY 2020 revenue +2.3%, Q4 at the top end of expectations

Luceco (#LUCE) – Q3 revenue +7.5%, “increase our guidance for full year 2020 Adjusted Operating Profit from at least £23m to between £28m and £30m”

Luceco (#LUCE) – “performance has continued to improve”, FY adjusted op. profit expectations increased from at least £18m to at least £23m

Luceco (#LUCE) – H1 revenue -14% but profit up, “look forward to making further progress in the second half”

Luceco (#LUCE) – Q2 revenue started at a run-rate of 50% lower than 2019, overall for the quarter “expected to be circa 25% lower than 2019”

Luceco (#LUCE) – “slower growth in H2 2019 as expected”, though “confident of further improvement in performance in 2020”

Luceco (#LUCE) – argues H1 “solid performance”, including revenue +10% though “more challenging second half comparative”

Luceco (#LUCE) – improved trading sees confident of FY adj. Op profit “materially ahead of current market expectations”

Luceco – “order book has improved”, so why a further share price decline?

A trading statement from LED lighting products, wiring accessories and portable power products manufacturer and distributor, Luceco (LUCE) includes “the group expects to deliver year-on-year adjusted operating profit growth in the second half of 2018. The group's order book has improved and management remain confident in the group's long term growth potential”. So why currently a decline of more than 8% in the share price, to 34p, in response?...

Luceco (#LUCE) – “challenging” H1, “expects to deliver year-on-year adjusted operating profit growth in H2”

Luceco (#LUCE) – to close US business, notes “our other, more compelling international growth opportunities”

Luceco shares crash today - a timeline to consider - the CEO is share trader of the year

Today saw the second profits warning in three months at Luceco (LUCE). It floated at 130p on 17 October 2017 but here is a more recent timeline to consider.