Luceco Share Discussion Threads

[melloteam] 22/5/2022 13:32

Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows:

Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF)

Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies (Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50).

Just to let shareholders and prospective investors know that LUCE will be among the companies discussed on the BASH (Buy, Avoid, Sell, Hold) panel on Wednesday. There will also be keynote speakers such as Lord John Lee, Leon Boros, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams.

For more information, please visit the event webpage:

[davidosh] 21/5/2022 21:34

Mello2022, our annual flagship two day smaller growth company event will be returning to the popular Clayton Conference Centre in Chiswick, London W4 on Wednesday 25th May and Thursday 26th May.

Just to let shareholders and prospective investors know that Luceco will be among the 60+ LSE Small Cap and AIM listed companies featuring at the show. There will also be keynote speakers such as Lord John Lee, Andy Brough, Leon Boros, Clarke Carlisle and Gervais Williams.

1 day tickets are £115 and 2 day tickets are £189. However they are available at half price to shareholders so to obtain 50% off just use code MMTADVFN50.

For more information, please visit the event webpage:

[sailorsam1] 04/5/2022 23:10

What a badly written update

[topvest] 04/5/2022 16:44

Well timed. Like your phrase - very true.

[bigbigdave] 04/5/2022 15:55

Did very well out of Lucy last year and was fortunate to get out near the top.
Bull climbs the stairs, Bear jumps out of the window

[riverman77] 04/5/2022 15:10

Growth obviously stalled for the next year or so for the reasons stated in the udpate, but don't think you can say it's vanished

[ymaheru] 04/5/2022 14:26

I’m not convinced growth has vanished, but guess we’ll see in the coming quarters/ years.

[davidro77] 04/5/2022 14:19

Classic case of a share that looks cheap turns out to be anything but. The sharescope write up was compelling but what was cheap then still isn't actually cheap, even after this fall, if growth has vanished

[riverman77] 04/5/2022 14:17

Yes it had clearly got ahead of itself in the 400-500p range, but anything under 250p looks decent value on a long term view.

[diku] 04/5/2022 14:09

When you look at that header long term chart anybody who bought around 100p and see it rise to 400p - 500p would have been wise to sell...and its not hindsight...think shares are no longer for keeps to infinity...seen too many charts with such mountain reversal?...

[riverman77] 04/5/2022 13:53

Given that it had already fallen around 60% since its earlier peak prior to today's udpate, the reaction seems a bit harsh. Yes they're going to have a weak year, but it's a quality company and the long term fundamentals remain sound. Remember, when you buy an equity you have a stake in a company's future earnings forever, not just for a single year, although that seems to be what the market thinks these days.

[ymaheru] 04/5/2022 13:49

Well, LUCE said adj op profit would be £10million under previous guidance, which was that it’d make steady progress. So, my calcs suggest £39million + steady progress is £43-44million. £10 million less is £33 million, or about 15p eps.

Am I misunderstanding it?

[dr biotech] 04/5/2022 13:37

Is this really just worth 30% of its sept valuation? I guess the point is it was overvalued then.

Rough guess EPS for this year of 11p, gives a PE of 13. So probably about the right level given the uncertainty going forward. I guess a lot could depend on the EV chargers - but I think Volex (who released an "ahead" statement recently are similarly valued but with a brighter outlook.

[topvest] 04/5/2022 13:24

Yes, all fairly glum - quite a change since the presentation 5 weeks ago. I'm definitely looking for an entry though at closer to £1. No rush after today's update. Good for the long-term though.

[johnrxx99] 04/5/2022 08:59

It will be back but 2023/4, assuming we are all here.

[ymaheru] 04/5/2022 08:52

Yes, I see it now.

- sales and profits will be lower than previously guided
- q1 sales were down 3%
- they’ll have passed on input charges to customers by q2 this year (so margins were squeezed in q1 also)
- Adjusted gross margin down for year, so profits lower still

Compared to 2019, they’ve done really well (profit more than double ore-covid levels), but they are prone to problems in a recession, and do sell a lot to consumers, so lower consumer confidence and slowing housing market do affect them.

Market *really* doesn’t like the update, but I’m more of the opinion that this stuff is priced in to this low share price already.

[our haven] 04/5/2022 08:38

Yes to trading update which is a major blow in reading it.

[ymaheru] 04/5/2022 08:33

Well, something just happened then? Trading update?

[dr biotech] 04/5/2022 08:10

And going to get worse. Glad I’m on the sidelines, though may get back in after the dust settles

[mrbeaky] 20/4/2022 18:39

SP also diabolical :D

[pugugly] 19/4/2022 08:14

Spread diabolical -

[pugugly] 14/4/2022 11:59

SM - Agreed but seems a very long / delayed time for reaction fom the publication date

[strollingmolby] 14/4/2022 11:36

PUG - you posted only yesterday that it was tipped in SCSW (1835), I assume that is the reason for the bounce...

[pugugly] 14/4/2022 11:28

SP action suggests tipped somewhere - anyone seen anything?

[ymaheru] 14/4/2022 08:48

True main factory is 200km from that area, but it could affect them a bit.

However, LUCE were building up inventories to help deal with shipping issues anyway, so fingers crossed it isn’t too negative an effect.

So far, they’ve done well with the shipping crisis and commodity prices and lockdowns, so hoping news won’t be too bad. A trading update would help.