💡 Did you know, less than 1/5th of UK households have adopted LED lighting? And 77% of the UK office stock is expected to be unlettable by 2030 due to insufficient EPC ratings?
We recently initiated research coverage on Luceco Group – a leader in electrical infrastructure and LED lighting in the UK. Electrification of the home, workplace, and broader infrastructure is a secular growth trend that we think will underpin Luceco's growth in the long-term. With RMI now expected to tick up in 2025 as inflation and interest rates moderate, we expect spending to improve translating into increased earnings growth. We think earnings are likely to be supplemented by self-funded acquisitions, keeping with the company's impressive history of accretive M&A, driving further upgrades.
Longspur Capital Research is available to all professional investors. We have an extensive track record covering large and small companies on the main UK list, on AIM, NASDAQ, ASX and on a number of European exchanges.
If you'd like to know more, please feel free to reach out to Adam Robertson, CFA (ECM), Max Campbell (Research), or Adam Forsyth (Research).
#energytransition #energyefficiency #LEDtherebelight
Investor in renewables, storage, EV’s & craft beer
3wYes. But their inability to put a value on the company illustrates why you need to provide much more clarity on future plans. Their valuation range of 3.8p to 25p is frankly ridiculous.