Luceco Share Discussion Threads

[basem1] 15/8/2019 15:37

Nice day in the end bought 30,000 at 67.8 offloaded at 73.4 average

[john09] 15/8/2019 12:20

Mr 86p has become mr 68p in a few days

Quite a magic trick that 😂👍

Never catch a falling knife ..especially when that knife has fallen to 30p before

[john09] 15/8/2019 12:16

When this bounces a penny OnJohn will be saying “it’s really moving on up now” lol

[aztec786] 15/8/2019 11:10

Just bought at 68p. Severely undervalued. Was 130p not so long ago

[john09] 15/8/2019 08:59

😂😂👍👍

Someone’s touchy

[basem1] 15/8/2019 08:50

John you seem like a worthless piece of scum if you don't mind me saying so

[john09] 15/8/2019 08:45

Yeah right Basem 😂

[aishah] 15/8/2019 08:44

Recession looming

[basem1] 15/8/2019 08:43

Managed to get rid yesterday morning at 79p Back in in the 60's now

[john09] 15/8/2019 08:37

“Ask me tomorrow” he said lol

[tallprawn] 14/8/2019 09:11

This looks a sensible buy at these levels to me now. The sell off looks overdone and a ride back up to the 100p area should be on. I think the last update was misinterpreted by many due to the material uplift in prior guidance.GL All.

[onjohn] 14/8/2019 08:12

time to buy?

[aztec786] 13/8/2019 19:49

Well worth buying for the long term at these prices!

[basem1] 13/8/2019 19:43

Yes 60 million in value wiped off the value of the company since the updateLooks overdone for sure Let's see what the next few days bring none of us on here can either predict or alter what happens Unless you've a few hundred grand in the bank you'd like to put to work

[aishah] 13/8/2019 19:35

Fierce sell off since update. Stays on watchlist

[basem1] 13/8/2019 19:33

I tend to rely on support and resistance levels as opposed to the moving averages We are about bang on one from April May RSI is at oversold levels too

[aishah] 13/8/2019 18:32

Chart not healthy. Well below 20 and 50 SMAs. Will it hold above 200 SMA?

[basem1] 13/8/2019 18:07

Actually I said EBitda was forecast to be 17m On the July TU it says operating profit which is better still Even better value

[basem1] 13/8/2019 17:59

From a valuation point of view my post 1153 when the co was valued at 200 million has been proved correctCurrent Valuation of 123 million against ebitda of 17 million looks more sensible At 200 million the market were looking for more upgrades in last months TU and the numbers were just inline. Not keen on the debt though so I need to topslice some once we are back at 85p Also need to be mindful of the cycle of business itself but the management seem to be on a turnaround mission here at present GLA

[basem1] 13/8/2019 17:43

I'm not worried the trend will change in the next day or so RSI in the 20's and more or less on a line of supportThis time tomorrow Rodney

[basem1] 13/8/2019 08:53

But not as good as my JOG position at 73p and RRE at 341p There's time yet and I've bought more to bring my average down to 80p

[basem1] 13/8/2019 08:50

I'll let you know tomorrow