Luceco Investors - LUCE

Luceco Investors - LUCE

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Stock Name Stock Symbol Market Stock Type
Luceco Plc LUCE London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 396.00 16:35:23
Open Price Low Price High Price Close Price Previous Close
406.00 392.00 413.00 396.00 396.00
more quote information »
Industry Sector

Top Investor Posts

dubai123: Will be interesting to hear from management at the investor meet company meeting online tomorrow morning.
hiddendepths: I have ESO and tried to buy more a month or two ago. But Interactive Investor wouldn't allow purchases of it any more. I'm only allowed to close my position which, surprise,surprise, I'm in no rush to do! Edit: Just checked again with II and they will now allow purchases but seem to charge £343 to buy £10k worth of shares. Very odd!
napoleon 14th: LUCECO 123.8p Gain to date: 6.7% Original entry point: Buy at 116p, 19 December 2019 INVESTORS SEEM TO be taking a shoot first, ask questions later approach to electronics components and LEDs firm Luceco (LUCE) and any potential output problems from the shutdown of its factory in Jiaxing, China. The site has been closed down for the past couple of weeks because of the coronavirus outbreak. Importantly, there have been no reported cases of coronavirus among Luceco’s employees. But after raising 2020 full year guidance at the end of January thanks to firming demand, investors are clearly concerned that those bumped up targets may now be missed. As we went to press we had been unable to confirm if, or when, the factory might reopen but as analysts at Liberum rightly point out any shortfall in volumes near-term can be made up for during the rest of the year at the cost of some modest overtime. ‘Management note that there is no impact to current full year guidance,’ says Liberum. Guidance for 2020 adjusted operating profit of between £20.5m and £21.5m. SHARES SAYS: Short-term risks cannot be discounted but the powerful growth and margin improvement story remains intact. We will keep an eye on events in case of a more prolonged impact.
sphere25: Interesting lunge down with the stock off 15% on the day. RNS time from the company. Buying opportunities are starting to present themselves around the market. Unfortunately, it has taken a deadly force to provide them. Historically, these events only carry a short term effect and I suspect this will be a repeat. Ultimately, any losses in the short run will be recouped quite quickly so it is surprising to see investors throwing in the towel to a significant extent. Still, as market participants, we have to take advantage of the opportunities when they represent themselves. It is just the timing that makes it tricky, but this one is an average into candidate on significant weakness. All imo DYOR
sphere25: 80p is proving tricky. All LUCE does is show abit of leg there, get us excited and then disappears off into the sunset....until the next time. Anywho, some broker commentary below: Peel Hunt has upgraded LED manufacturer Luceco (LUCEL) as it continues to rebuild its earnings despite the tougher backdrop. Analyst Andrew Shepherd-Barron upgraded his recommendation from ‘add’ to ‘buy’ but lowered the target price from 120p to 96p on the stock, which was trading up 6.3%, or 4.6p, at 77p. He said the ‘earnings track record continues to rebuild, with an inline statement and confidence reiterated for the full year’. Margins are recovering to ‘good levels’ and organic revenue is ‘encouraging’, leading Shepherd-Barron to conclude the shares are ‘too lowly rated’. ‘Even with an unfavourable UK focus and cyclicality, we see it as being much closer to full investor rehabilitation and deserving of a 12 times rating to reflect its client loyalty and earnings growth,’ he said. UPDATE 11/09 Longed more on seeing those decent chunks go through this morning. Could that be the pesky 80p sellers cleared? Stock currently trading at 84p, with little stock on offer and threatening a breakout over that cursed 80p mark. 2m volume and counting. Dare we be optimistic? :-D
sphere25: Waited patiently here and just bought at 81p. Margin calls at work here exacerbating the move imo. The move here coincided with the dramatic falls in BUR and LIT yesterday - highly unusual. There are a large number of investors who have been long the likes of BUR, LIT and LUCE. In hindsight, perhaps they have been too long and exposed (stop it..) and with the moves yesterday in BUR and LIT (as well as the US selling off resulting in additional selling here on previous days), I suspect the margin calls have taken the stock down to unjustified and value levels. This was trading at 117 on a statement that just confirmed the company was in line to meet the recently upgraded numbers. I can see the stock falling around 20% to the 100 mark if some are selling on news or disappointed they didn't upgrade again (unrealistic imo), but to fall to 80, that's just crackers and presents a buying opportunity imo. EDIT: Gone through my stop and under 80 on 12/08/2019. Relentless selling pressure. Will re-visit.
2breakout: Lots of so called respected private investors were topping up pre results and wouldn't hear anything bad said about these at 120p!
biogenics: I’ve been reading a few articles about the measuring the true value of luceco and it was around the 125p mark. I think investors think they have got what they can out in the short term and investing else where.
chrisinvests334: Small director dealing today too.. 8.5k shares x2 so 17k.Maybe the statement will be OK then.
pugugly: podgyted - Thanks Looks like Danske sold down to 3.99% on 22nd April so if still selling next notifcation point should be when they cross 3% M&G (Prudential) Sold down to 4.74% on 14th May so next notification when below 4% "In accordance with the London Stock Exchange (LSE) rules, Panel of Takeover and Mergers board (PTM) rules, an investor who acquires, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% of a UK Company, must, under the Companies Act 1985 Section 198, disclose their interests to the London Stock Exchange and the company, within two days. The company may impose sanctions if disclosure not completed." So could still be significant volume of disposals (if they are still selling down) before next disclosure. Interesting that apparently Columbia Threadneedle do not appear to have sold a declareable quantity - They must be sitting on a significant book loss as are all holders.
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