Luceco Share Discussion Threads

[john09] 10/7/2018 14:52

You think everything’s going bust

[eastbourne1982] 10/7/2018 14:52

Too much debt here, could go bust.

[citytrader66] 10/7/2018 14:51

yes john09. i doubled up to avg down. i did same with CWD but sold too soon.. it bounced about 65% in less than a week.. still hurting from that trade.

[john09] 10/7/2018 14:46

Better than your 58p buy I guess

[citytrader66] 10/7/2018 14:45

nice on.

15:44:18 44.9000 15,000 O 44.3000 45.5000 Buy

my buy sub 45p!

[john09] 10/7/2018 14:41

And it’s off

[pictureframe] 02/7/2018 13:51

How are they going to repay the short term bank loan of 20 million?

[john09] 02/7/2018 12:13

Also, a close below 50p and this will fall to 40p in short order

[john09] 02/7/2018 09:48

Let’s see if SCSW dump it this weekend .

[meijiman] 02/7/2018 09:31

No -well dodgy IMO.

[phowdo] 02/7/2018 09:26

The CEO dumped £4.7M of shares a few weeks before a profit warning.
Would you trust him?

[topvest] 01/7/2018 08:46

An interesting comment from Peter Ewins at F&C Smaller Companies Investment Trust:

"Profit warnings are a fact of life in small cap investing as things don’t always go to plan. During the year Luceco, Carclo, McBride, Greencore and Ultra Electronics Holdings all disappointed the market with downgrades. All were negatively affected by the impact of a stronger pound on overseas earnings but other stock specific issues were the prime cause of share price weakness. We decided to retain the latter four as we felt the share price reactions to the downgrades were over-done, but in Luceco’s case we decided to exit after contact with management failed to convince us that there would not be more trouble on the horizon."

[topvest] 27/6/2018 19:57

I think that's unlikely. It's a good business which needs to be better controlled. Still think its not hit bottom though.

[john09] 27/6/2018 19:56

50p is the new 60p lol

[eastbourne1982] 27/6/2018 19:18

I see this dog is still hanging on for dear life.

Debt will kill this.

[john09] 25/6/2018 20:52

The announcement about the US closure spoke of 6 new markets then listed 3 successful ones . So inference is US is one , are there 2 more markets to be exited ?

[topvest] 25/6/2018 20:50

Lets hope he knows how to control working capital. That's the single biggest issue at this group, accounting wise any way.

[topvest] 25/6/2018 20:49

Lets hope he knows how to control working capital. That's the single biggest issue at this group.

[john09] 25/6/2018 20:37

The new CFO knows his onions .

[topvest] 25/6/2018 18:48

Happy to keep watching and waiting. For me the dividend signal was the telltale sign that things are a lot worse than so far portrayed. I expect at least one further warning. Lets see. It looks an interesting business, if it was run with better financial control.

[gepetto100] 25/6/2018 11:12

Have waited longer

[john09] 25/6/2018 09:47

Some waiting game. November 2017 this one fell off its cliff

[gepetto100] 25/6/2018 09:45

Fundamentals are fine - 51p has weight to it, my intuition tells me that MMs are playing a waiting game and patience is weeding out any of those who are not in for longevity

[john09] 25/6/2018 08:29

At 40p it’ll be on a PE of 5. i could be tempted then