21 January 2020 – contract win and trading update
LPA Group, the high reliability LED lighting and electro-mechanical system manufacturer, has announced contract selection for a world leading smart LED lighting system for a prestigious European-wide Inter City rolling stock project and a further contract award for electro-mechanical assemblies, for the UK rail sector. An update on trading confirmed that the year to 30 September 2019 was very challenging but record order entry of £27.0m was achieved and expectations should at least be met. The timing of this announcement, with results due in the very near future, is slightly unsettling. For now we keep our LONG TERM BUY rating but would suggest that readers wait for upcoming results before investing.