Luceco Share Discussion Threads

[odsjp] 21/9/2018 13:39

Not only is demand there, but now there is also no choice with the EU banning halogen lights.

LUCE say they have sorted out their issues (pricing, fx rates - hedging etc) so I am expecting a positive trading update in Dec for the 2nd half. If there isn't one, then I will look to reduce my holding.

[nitbhav06] 21/9/2018 04:19

In the long term I doubt that what you said will be true. The demand is clearly there for LED products and it will continue to grow at good rates. If the clowns in charge of this company can make and sell at good margins and be able to calculate this correcrly, we should be fine. We should see good margins going forward as a lot of emphasis will be placed on cost control.

[diku] 20/9/2018 00:03

LED businesses will consolidate so LUCE will probably get taken out...

[horndean eagle] 17/9/2018 19:36

Brokers have been upgrading LUCE in the last few weeks. Explains why the shares have risen. Presentation on website very useful to show where the wins are going to come from. A lot of them look fairly easy so should be reasonably confident of delivering.

[gepetto100] 17/9/2018 09:56

Dont think so

[honestcrook] 17/9/2018 09:49

Looks like we should be around 30p with current financials

[davr0s] 14/9/2018 21:51

Yeah like I'm going to trust someone in a B.B. that I've never heard of

[groudle1] 14/9/2018 21:37

The bad times are now over. They will more than break even trust me. 80p by Christmas

[nitbhav06] 14/9/2018 19:14

Agree, I can see this heading to 30p. The balance sheet has taken a battering. It's not worth £87m especially as they will barely break-even this year.

[gepetto100] 14/9/2018 13:42

Don't think so

[honestcrook] 14/9/2018 13:30

Short opened 1pm.

[honestcrook] 14/9/2018 13:04

Got short written all over it.

[cxs1] 14/9/2018 11:59

Yeh, MBO possible then maybe float it again in a year or two at or above the last IPO price. No money in LEDs afterall, much better to play the market!

[horndean eagle] 14/9/2018 11:33

Goes higher still. I think a buyout isn't far off. Be interesting to see who picked up that large line the other day.

[honestcrook] 13/9/2018 14:01

Also I'm a sparky hence why I've took my time to have a look over the finances. I also don't rated most of there kit and always seemed to highly priced

[honestcrook] 13/9/2018 13:59

Why the rise. Just on looking but rns reads wait and see what happens in the future but watch out folks

[mammyoko] 13/9/2018 13:52

Watch out. Pump & dump to fix the over-extended balance sheet looks to be on the cards

[mammyoko] 13/9/2018 13:30

Whassup? Concert party now owns more than 50%. Further shafting for shareholders?

[horndean eagle] 11/9/2018 20:03

Detailed presentation on website if interested. Explains the tailwinds they will have in their favour for the second half. There are a fair few! Although in fairness there does need to be. I wouldn't be surprised if they take it private again. Giles Brand is almost invisible. Think he likes it like that.

[topvest] 10/9/2018 19:49

Its certainly interesting. Debt is still a lot lower than the private equity days pre-IPO. Still, they need to start generating cash flow. They shouldn't have done the acquisition last year. happy to watch on the sidelines. Probably 50:50.

[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.