LPA Group (LPA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 61.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 101.50
  • 52 Week Low: 59.05
  • Currency: UK Pounds
  • Shares Issued: 13.51m
  • Volume: 15,951
  • Market Cap: £8.31m
  • RiskGrade: 148

LPA Group trades profitably in second half

By Josh White

Date: Thursday 12 Nov 2020

LONDON (ShareCast) - (Sharecast News) - LED lighting and electromechanical systems company LPA Group updated the market on its trading on Thursday, reporting that it had traded profitably during the second half.

The AIM-traded firm said activity in the six month period had slowed "slightly" as some customers temporarily closed sites due to worldwide lockdown restrictions.

While activity had since increased, it said it was still experiencing slower-than-normal revenues in some parts of the group, particularly around the aviation sector.

Despite those challenges, LPA confirmed that it had traded profitably throughout the half-year, delivering "satisfactory" results and progression from the prior year, with improved profit before tax for the six months ended 30 September compared to the first half.

Cash generation was achieved in the second half of the financial year, with net debt at 30 September "broadly unchanged" from 2019.

The company said the new financial year had seen notable activity, with two substantial project awards announced on 15 and 19 October, following a predictable second half slow down on order intake.

Brexit had been assessed, the directors said, and it was not envisaged that any significant or lasting issues to the business would be felt from 1 January.

The company also reintroduced market guidance, with management expectations for the current 2021 financial year being ahead of 2020, underpinning its "cautious optimism", with the board confirming plans to re-introduce its dividend policy for 2021.

"Covid-19 has made the second half of the year challenging and hard work for us all, but despite this we have managed to report profits in each month, and we finish the year with confidence," said chief executive officer Paul Curtis.

"We are extremely proud of our staff and would like to thank them for their dedication throughout this time, and especially to those who agreed to furlough leave or unfortunately have now departed the group."

Curtis said the company was "delighted" with the new contract awards announced in October.

"LPA Connection Systems has made a promising start to the new financial year and LPA Lighting Systems are expected to benefit from a strong order book, and recent contract awards.

"We expect progression in 2021, but remain cautious."

At 1213 GMT, shares in LPA Group were up 2.79% at 92p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

LPA Group Market Data

Currency UK Pounds
Share Price 61.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 101.50
52 Week Low 59.05
Volume 15,951
Shares Issued 13.51m
Market Cap £8.31m
RiskGrade 148

LPA Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.05% above the market average85.05% above the market average85.05% above the market average85.05% above the market average85.05% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Price Trend
45.37% below the market average45.37% below the market average45.37% below the market average45.37% below the market average45.37% below the market average
17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average
Income
8.70% above the market average8.70% above the market average8.70% above the market average8.70% above the market average8.70% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Growth
87.53% below the market average87.53% below the market average87.53% below the market average87.53% below the market average87.53% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

LPA Group Dividends

  Latest Previous
  Final Final
Ex-Div 14-Mar-24 n/a
Paid 12-Apr-24 n/a
Amount 1.00p 0.000p

Trades for 28-Mar-2024

Time Volume / Share Price
13:36 13,451 @ 59.05p
13:13 2,000 @ 63.95p
10:02 500 @ 59.05p

LPA Group Key Personnel

CEO Paul Curtis
Chair Robert Bodnar Horvath
CFO Stuart Stanyard

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