Luceco Share Discussion Threads

[forrest1987] 21/10/2022 07:28

Somewhere of the region of 20p is where it will settle imho

[johnrxx99] 21/10/2022 04:51

Now I know why I filtered forest 1987

[aishah] 20/10/2022 22:33

Paul Scott's view:

My opinion - this is a significant profit warning, with big reductions in forecast EPS in 2022 and 2023. How much of that is already in the share price though? Are the shares are a bargain yet? Not really, I have to say, based on the new forecasts, and the uncertain outlook.

It feels too early to be anticipating a recovery in earnings, so I’ll stay on the sidelines with this share. The debt worries me a bit too, although it has come down nicely in Q3.

It’s now clear that the bumper earnings in 2020 & 2021 were complete one-offs, due to the pandemic. Therefore, unfortunately for shareholders, the collapsing share price does seem justified by the very much weaker fundamentals. So I think we should be pricing this share on much more modest earnings expectations in future. That means people need to avoid anchoring to the peak share price of 500p, and assuming it can recover to that level, as that was (we now know, but didn’t then) a completely unrealistic valuation, based on unsustainable one-off bonanza peak earnings.

As usual dyor

[topvest] 20/10/2022 19:13

Well this is getting interesting. For what its worth I think this is a good business and will bounce back. It's on my watch list - getting closer to a buy, but not quite ready yet.

[forrest1987] 20/10/2022 18:39

If profits have tanked what do you think they are doing with the divi

[squintyflinty1] 20/10/2022 17:19

Are they maintaining the dividend?

[forrest1987] 20/10/2022 16:35

Ouch look at the UTLooks like institutions were destocking worthless luceco

[forrest1987] 20/10/2022 16:31

Love it all the bottom feeders like shrout circling the ship luceco

[shrout] 20/10/2022 16:29

Give it a break mate.

Verbal diarrhoea even online is still verbal diarrhoea.

[forrest1987] 20/10/2022 16:25

Summing up the dividend will be taking an almost 40-50% cut It hasn't been a good year

[forrest1987] 20/10/2022 16:24

Think about that questionThey pay out 40% of eps Today they basically taken a huge haircut on ye profitEps fy will be 9.6Full year dividend will be round 4p, you've already had 1.6p so a 2.4p dividen and

[squintyflinty1] 20/10/2022 16:13

Are they maintaining the dividend?

[forrest1987] 20/10/2022 16:03

Its ex growth guys

Get over it

Its now high debt, non existent growth

Its not a growth story anymore, why people return to ones like this is beyond me

[forrest1987] 20/10/2022 15:29

Its every man for himself and has been for years on here. Mistrust abounds on shares that have taken huge falls. Especially when so called expert posters ramp but have no accountability when shares fall back.

[bigbigdave] 20/10/2022 15:26

Ian Dippie, this is advfn, did you expect polite fine upstanding gentlemen? :o)

[brucie5] 20/10/2022 15:20

Forrest198720 Oct '22 - 15:15 - 2050 of 2050
0 0 0
Of course you held off Brucie, forgive me i've just fallen off my chair

Lying even online is still lying
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?????
Forrest filtered.

[forrest1987] 20/10/2022 15:15

Of course you held off Brucie, forgive me i've just fallen off my chair

Lying even online is still lying

[brucie5] 20/10/2022 15:13

Looks like SCSW made a hugely mistimed call. Glad I held off during recent rally.

[forrest1987] 20/10/2022 14:56

Shareprophets saying worse to come with the destocking estimate

Not a positive write up

[forrest1987] 20/10/2022 12:59

If those three big trades gone through are director buys, ill probably cash out the short, as it will likely mean this is the bottom due to their size

[diku] 20/10/2022 12:38

Could this be a takeover by larger electrical company or EVC?...