Luceco Share Discussion Threads

[cxs1] 07/3/2018 22:50

Agree it's great the new CFO picked up and moved it into P&L, it was obviously not being accounted for correctly previously. Gives credibility to the accounts, but I think there are still questions to be answered by management here, actions louder than words, the timing of 2m share sale points to deeper issues. Not to say there won't be a technical bounce here, but we are two PWs in, folk must be getting the message this one has plenty of risk.

[citytrader66] 07/3/2018 22:35

on a positive note won't profit be increased in future years as that expense (whatever it was) has been moved from capital expenditure to P&L account. thereby no depreciation on that asset that would have reduced profit in future years.. potentially it could make next year's profits look really good! i.e. showing good growth. at the end of the day its an expense and has to be accounted for one way or another. so value of the business shouldn't change at all. yet share price fell 35%!

[cxs1] 07/3/2018 22:25

True. I'm pleased for anyone that makes a decent trade, but blatant ramping / de-ramping don't impress.

[tsmith2] 07/3/2018 22:02

spouting B/S

[cxs1] 07/3/2018 21:49

100p? Why? It was a reported profit reduction and a future profits warning that that I read.

[lucicavi] 07/3/2018 21:34

With the overhang gone this could move up very quickly. Rock on 100p

[lucicavi] 07/3/2018 18:41

will open at 60p imho

[tsmith2] 07/3/2018 18:04

think they work the big sale 735k if correct would expect good move up tomorrow

[lucicavi] 07/3/2018 16:19

Todays price 52p

Luceco designs, manufacturers and distributes electrical and wiring accessories and has over 60 years history in the electrical markets. The company operates three brands: Masterplug (portable power), British General (wiring accessories), Luceco (LED lighting) and Ross (AV accessories including TV brackets). Headquartered in London, Luceco has its own Chinese manufacturing (Wholly-Owned Foreign Enterprise, one-hour from Shanghai), and four warehouses and five sales offices around the globe.

Luceco has developed its own Chinese production facilities and key domestic contracts have been renegotiated, resulting in increased margins. The existing Luceco product range has been expanded and cross sold between the trade and retail channels. The business has also introduced new brands to target new opportunities, particularly the launch of Luceco LED.

LUCE fits with PLP strategy as lots of plastic is involved and they are already in eco and underfloor electronics

Id wager a bid will come along before long. LUCE will be keen to trade sale.

[lucicavi] 07/3/2018 16:17

Be a perfect buy for Polypipe PLP

[opodio] 07/3/2018 16:12

nice 20k lump bought

[opodio] 07/3/2018 16:11

Hirnby buying and its moving up

[eastbourne1982] 07/3/2018 15:55

lucicavi - Up there with the most clueless in the world of finance.

[tsmith2] 07/3/2018 15:44

No he isn't

[opodio] 07/3/2018 15:31

Hirnby buying

[lucicavi] 07/3/2018 13:39

Wake me up at 80p once I have made 20k


Candy from a baby will easily overshoot to 100p as it did recently

Zzzzzzzz

[citytrader66] 07/3/2018 12:55

70p will do me. don't want to be too greedy. doesn't always pay. likewise trying to catch the bottom. eh John?

[lucicavi] 07/3/2018 12:47

Wake me up at 80p once I have made 20k


Zzzzzzzz

[tsmith2] 07/3/2018 12:43

Some large sells now being reported...cleared. MM tricks. Expecting a v Nice bounce

[citytrader66] 07/3/2018 12:37

there we have it. in the blue. 50p on the bid.

[citytrader66] 07/3/2018 12:29

the light fantastic fandabidozi! not to late to get in john.

just need UPGS to rise too and that will make my day.

[lucicavi] 07/3/2018 12:26

Big bouncetastic

[lucicavi] 07/3/2018 12:25

Bounce time

Get in john09

[citytrader66] 07/3/2018 12:14

charts say 49.40p is long-term support area. yes it overshot it a little at open this morning. i would say 50p could become support not resistance.. some calling for low 40s here. trying to pick the bottom is a mugs game more often than not.