Luceco Share Discussion Threads

[citytrader66] 06/3/2018 15:22

lol i can buy at the bid price 52p! not a chance MM!!

[citytrader66] 06/3/2018 15:22

lol i can buy at the bid price 52p! not a chance MM!!

[tsmith2] 06/3/2018 15:14

in. 15-25% play. think someone is liquidating, capitulation

[john09] 06/3/2018 14:54

Wait for 40p

[davr0s] 06/3/2018 13:04

Lol there will people saying this after the PW when the price was double what it is now

[lucicavi] 06/3/2018 12:32

When this moves up it goes like a rocket

Not be surprised if its 90p in a straighht line

Tomorrow could see Hornby buy reported and then people will be chasing at 70p-90p imho

[tsmith2] 06/3/2018 11:58

Looks like there is a large sell order being worked. Bid-offer firming, May make an interesting day trade for the brave. happy to watch

[bullet ant] 06/3/2018 11:41

For the avoidance I do have a buy order at 32p, may have to reduce entry price to 14.76p.

Hopes this helps


BA
Stealing is good

[manfrommoyse] 06/3/2018 10:45

When is ESO lock up over on remaining shares (if any?)

[eastbourne1982] 06/3/2018 10:42

john09,

You were buying at 80p were you not ?

[pugugly] 06/3/2018 10:42

csx1_ You cynic !!

[cxs1] 06/3/2018 10:40

Oh no, I imagine the CEO sold but had no clue of the issues as the CFO had screwed up and the MI reports were out. Then the news broke. I imagine.

[john09] 06/3/2018 10:34

But I’m not sure it’ll get there today

[john09] 06/3/2018 10:31

I’d be a buyer at 40p

[kirk 6] 06/3/2018 10:23

Looking like 40-45p will be hit today

[tsmith2] 06/3/2018 10:19

CEO sell of 4.7mn shares looks better timed than ever.... a week later profits warnings....he had absolutely no idea...hmmmm...#zilchcred

[tsmith2] 06/3/2018 10:15

Who floated this?

[john09] 06/3/2018 10:14

Wonder if 50p will hold .

[mammyoko] 06/3/2018 09:57

I think the real reason remains the same as in the December warning - unhedged / ineffectively hedged copper prices which account for 40% of cost of sales and a breakdown in the so-called 'natural' hedge between USD and CNY. I don't buy the comment about expensing costs - this is just another smokescreen from the CEO who is completely inept at communication.

[edmondj] 06/3/2018 09:49

The 15 Dec warning - shortly after the CEO had unloaded - was blamed essentially on "an incorrect valuation of stock", hence the financial controller's resignation, now the narrative is that trading conditions have "remained difficult" partly to justify why 2018 pre-tax profit is guided down from £21 million to £12-14.5 million. Presumably it's down to a finance guy again, e.g. the new CFO taking a more rigorous view of capitalised costs.

[john09] 06/3/2018 09:32

New lows coming

[opodio] 06/3/2018 09:27

Numis
The update is disappointing but not a major surprise given the state of the UK retail
market and the uncertainties at the time of the December statement. Actions taken
are gaining traction and we now have guidance for 2018 albeit a relatively wide
range. We still see a group capable of around 10% growth and 12% margins. This
would suggest a PE of at least 12-13x 2019 earnings of 10p i.e. 120p-130p.