Luceco Share Discussion Threads

[mammyoko] 10/9/2018 08:37

No worse than expected. Question is whether you believe that the guy who steered this wreckage onto the rocks is the one who can salvage it. Personally I don't. Debt is way too high vs free cash flow.

[topvest] 10/9/2018 08:28

That's not the answer. Hornby created this group. Still watching this, but a little too risky still for me and agree that LED lighting is fairly low margin. Always was going to be. Nevertheless, they have a good portfolio. Just poor financial management.

[opodio] 10/9/2018 07:24

And that ceo is a bit dodgy the way he dumped heaps

Hornby should leave

[phowdo] 10/9/2018 07:20

Falling margins too.

Its clear LED lighting is fast becoming a low margin business with lots of competition.

[opodio] 10/9/2018 07:16

Net debt of £41.4m (H1 2017: £26.1m, FY 2017: £36.7m)


net debt up 58%

Risk of covenant breach

[gepetto100] 30/8/2018 10:55

Hi TopvestGood call, although you might find that by golden cross occurs we'll be in the middle of the usual Autumn spree. Keep watching

[gepetto100] 30/8/2018 10:53

According to Philips, the lighting manufacturer, the average UK household has 10 halogen bulbs and uses them for 2.7 hours a day. If that is correct, then hundreds of millions of halogens are going to have to be replaced

[topvest] 29/8/2018 18:00

Good luck. I would have bought recently, but I’ve changed my style a bit on recovery stocks. I am waiting for a golden cross chart indicator which is a few months away I think. You never catch the bottom, but it’s safer.

[odsjp] 29/8/2018 14:13

Just picked up a few today. Does anyone have any thoughts with regard to the EU banning Halogen bulbs from Sept and potential benefit for LUCE.

[opodio] 13/8/2018 10:35

Floated at 160?

[opodio] 13/8/2018 10:33

90p coming

[value viper] 10/8/2018 19:24

Does anyone know how many shares the (relatively new) FD has and also when he last bought shares?Thanks.

[opodio] 10/8/2018 16:18

12 min to go

[opodio] 10/8/2018 16:06

A bid on Monday?

Lots of informed buying going on and day buy online

[opodio] 10/8/2018 16:05

Can’t buy online

[hiddendepths] 10/8/2018 15:42

Plenty of buying interest today. Has it turned the corner?

[horndean eagle] 02/8/2018 08:47

Sold what i picked up last week pre profits warning for a modest profit. ive got a lot of ESO so if it recovers I will get some recovery off that. I wouldnt be totally surprised if they took it off market.

[topvest] 02/8/2018 08:27

Very big buys. The directors effectively have control as they have pushed up above 50%. That’s a vote of confidence.

[w1ndjammer] 02/8/2018 08:02

here we go..........

WJ.

[podgyted] 01/8/2018 20:06

?? Something to do with EPE Special Opportunities plc moving its domicile to Bermuda ??

[gepetto100] 01/8/2018 16:35

Exactly - changing hands, well soon find out

[horndean eagle] 01/8/2018 16:22

lol. Comments like that always make me laugh. They are sells but its clearly not going to be a market maker taking on that stock. So on the other side you have a buyer as well. Stock changing hands. that is what we have.

[gepetto100] 01/8/2018 16:08

That's if they are in fact sells