Luceco Share Discussion Threads

[tomv33] 12/8/2019 11:50

What up with this?

[brucie5] 08/8/2019 11:22

Took a few at 82p. Agree, this looks overdone. But I will be trading it in due course.

[basem1] 08/8/2019 11:11

Totally agree I took a large position at 87.8 earlier in the week I felt like panic selling yesterday and then almost doubled my position at 79.5 I decided if it got sold off again this morning that that would be the time to double up. Glad to see it bouncing this morning

[sphere25] 08/8/2019 10:52

Waited patiently here and just bought at 81p.

Margin calls at work here exacerbating the move imo. The move here coincided with the dramatic falls in BUR and LIT yesterday - highly unusual.

There are a large number of investors who have been long the likes of BUR, LIT and LUCE. In hindsight, perhaps they have been too long and exposed (stop it..) and with the moves yesterday in BUR and LIT (as well as the US selling off resulting in additional selling here on previous days), I suspect the margin calls have taken the stock down to unjustified and value levels.

This was trading at 117 on a statement that just confirmed the company was in line to meet the recently upgraded numbers. I can see the stock falling around 20% to the 100 mark if some are selling on news or disappointed they didn't upgrade again (unrealistic imo), but to fall to 80, that's just crackers and presents a buying opportunity imo.

EDIT: Gone through my stop and under 80 on 12/08/2019. Relentless selling pressure. Will re-visit.

[napoleon 14th] 07/8/2019 14:50

I resisted that, 2breakout, but think this 33% drop in 2 weeks is overdone.
So I haven't sold and am about quits at today's lows!

IMO the Woodford effect is under rated - the read across is very negative.
Illiquid stocks were not designed for these circumstances. He deserves jail IMO,
but if 2008 is an example, he will end up in a beach villa in the Bahamas...

Markets were already sick before the BUR story...

[2breakout] 07/8/2019 14:21

Lots of so called respected private investors were topping up pre results and wouldn't
hear anything bad said about these at 120p!

[john09] 07/8/2019 13:12

Yep

The fast buck lot are getting burnt

[napoleon 14th] 07/8/2019 12:53

IMO mkts are creating sells here - particularly by peeps who came in at the start of the year.
DIA's performance can't have helped!
Given time IMO LUCE will recover.

[mjmp1] 07/8/2019 12:28

The recent trade update was positive. Could it be Brexit or sector issues? There is no news on why such a big downward slide. Any sinister reasons?

[tomv33] 07/8/2019 12:22

Why is this down?

[bathcoup] 01/8/2019 08:28

This is one of shares on my watch list. The share price declined around 20 Jun, on 9th Jul and in last couple of days all on higher than usual volumes.

[napoleon 14th] 31/7/2019 15:32

IMO there's a lot of sane profit taking from those who risked buying a year ago.
Still, the potential is there to regain levels of 2 yrs 2017 since the TU wasn't bad at all.

[wildchild] 31/7/2019 08:58

You can say that again !

[oohrogerpalmer] 30/7/2019 13:10

Good job it wasn't a profits warning!!!
Don't know what some people were expecting?

[sphere25] 30/7/2019 10:20

Irrational selling today.

You have to remember that the update today points to results which are in line with the recently materially upgraded profit guidance on the 24th May.

Clearly there are a few selling on the expectation of an unrealistic upgrade today. You can't keep materially upgrading guidance every few months folks! :-D

POST CLOSE UPDATE:

Support has broken. Normally I'd be lamenting the institutional fund manglers, but this stock has multi-bagged since the turn of the year so you can't blame folk for taking some profits from the table. It's wise in this bonkers and overly stretched wider market too.

[its the oxman] 30/7/2019 08:21

Nice opportunity to add

[nw99] 30/7/2019 08:09

Bought back in here

[johnrxx99] 30/7/2019 08:08

Blimey, Mr. Market doesn't like that update - so far.

[mjmp1] 17/7/2019 22:27

Definite trading update on 30 Jully as stated on Luceco website:
hxxps://www.lucecoplc.com/results-centre/financial-calendar/

[groudle1] 17/7/2019 18:13

Definite H1 trading update on the 30th

[ihatemms] 17/7/2019 17:42

Is that 30th date for definite or is that best estimate?

[mjmp1] 17/7/2019 15:46

whether it goes up or down would depend on the trade update, out on 30 July.

[sharestobuy] 17/7/2019 11:32

Cant see it going higher than that short term but who knows

[sharestobuy] 17/7/2019 11:30

Id say anywhere between £1.30 and £1.50