Luceco Share Discussion Threads

[topvest] 11/3/2018 18:31

Interesting situation here. Thinking of buying as I think the negativity is a little extreme. Net debt is maybe a little high, but they have lots of fixed assets, stock and debtors to secure it on. From reviewing the accounts I think the previous FD wasn’t great. Some easy wins for the new FD and he has moved quickly. The underlying business looks fairly decent. It’s clearly going to take a year or two to bounce back so no rush to get in, but looks a recovery stock not a failure to me. Always the risk of one more warning to come though!
This market is a real momentum market. Ridiculous how how they lose about 80% after a few problems. Clearly better to buy now than when it was a growth stock!

[tsmith2] 09/3/2018 16:37

Could be a v good here next week.65-70p

[citytrader66] 09/3/2018 09:13

showing as #1 spot @ 55.80p



its wrong!

[brownmruk] 08/3/2018 16:02

Sentiment aside, these are looking cheapish. It’s easy (and probably sensible) to be suspicious and think the worst when there are profit warnings and coincidental directors’ sales. On the other hand, this is a recently listed company and maybe they deserve the benefit of the doubt. I’m sure the transition from private to listed often shines a spotlight on weaknesses in financial monitoring controls. The CEO only sold 6% of his holding prior to the profit warning and without trawling through the RNSs to look at options and share awards, that seems like a plausible amount to cover tax liabilities. So, in this case I’m going to risk being a mug and hope that lessons have been learned and that these profit warnings are coming in twos.

[citytrader66] 08/3/2018 13:15

unlikely today though. MMs too happy to drop the bid on this share very quickly. i'm out at 54.85p for a 7.5% profit less fees 😋

[tsmith2] 08/3/2018 12:14

Swift to 60 plus once 55 goes

[scooper72] 08/3/2018 08:57

Why PLP? Don't they make pipes?

[lucicavi] 08/3/2018 08:50

Get your motor running

[tsmith2] 08/3/2018 08:48

Start your engines..

[lucicavi] 08/3/2018 07:08

cash flow will improve massively now

5% of the UK LED market and 50% in other areas like plugs, going to be attractive to a bidder

Polypipe would be a great fit

[lucicavi] 08/3/2018 07:07

cash flow will improve massively now

[edmondj] 08/3/2018 07:05

If the new CFO has picked up costs being capitalised, that should not have been and should properly be expensed, then it does not at all imply future profit will be increased!

The more amusing aspect is how the CEO says how "extremely disappointed" he is by these developments, which patently include the new CFO blowing a whistle on aggressive accounting.

[lucicavi] 08/3/2018 06:55

yes well set for jump today,now overhang cleared we could speed up towards 100p

[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