Why is the Beacon Lighting Group Share Price Soaring?


What’s Happening to Beacon’s Share Price?

Shares in Beacon Lighting Group [ASX:BLX] have risen 50% since it closed at $1.18 on the 18th of December 2014. Today, the stock traded over $1.80. The stock is also moving up alongside the bullish trend of the general market at the moment.

Why Did This Happen to BLX Shares?

The stock market is pricing in strong earnings for the company. In early January, the company gave a positive trading update, saying its results were ‘underpinned by strong company store comparative sales, increasing trade sales and the continual leveraging of capabilities’.

What Now for Beacon Lighting?

The Beacon Lighting Group will announce its interim results for the six months to December 2014 tomorrow. With a rising property market, the tailwinds for Beacon Lighting look very positive at the moment.

Callum Newman
Editor, The Daily Reckoning

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Callum Newman

Callum Newman

Callum Newman is the editor of The Daily Reckoning and Associate Editor of Cycles, Trends and Forecasts. He also hosts The Daily Reckoning Podcast. Originally graduating with a degree in Communications, Callum decided financial markets were far more fascinating than anything Marshall McLuhan (the ‘medium is the message’) ever came up with. Today Callum spends his day reading and researching why currencies, commodities and stocks move like they do. So far he’s discovered it’s often in a way you least expect. To have Callum’s thoughts and insights on the current state of the currency, commodities and stock markets delivered straight to your inbox, take out a free subscription to The Daily Reckoning here.

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