Share Name Share Symbol Market Type Share ISIN Share Description
Luceco Plc LSE:LUCE London Ordinary Share GB00BZC0LP49 ORD GBP0.0005
  Price Change % Change Share Price Shares Traded Last Trade
  8.40 6.8% 132.00 391,183 16:35:17
Bid Price Offer Price High Price Low Price Open Price
130.00 132.00 131.60 125.20 128.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 172.10 17.10 8.30 15.9 212
Last Trade Time Trade Type Trade Size Trade Price Currency
16:44:17 O 7,810 130.00 GBX

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Date Time Title Posts
15/7/202020:23Luceco Lighting1,622
25/3/202021:54Only 50% Of Production is in China1
08/3/201916:13Luceco - perfect bid approach from Polypipe imho8

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Luceco Daily Update: Luceco Plc is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker LUCE. The last closing price for Luceco was 123.60p.
Luceco Plc has a 4 week average price of 93p and a 12 week average price of 80.10p.
The 1 year high share price is 154p while the 1 year low share price is currently 39p.
There are currently 160,800,000 shares in issue and the average daily traded volume is 488,395 shares. The market capitalisation of Luceco Plc is £212,256,000.
john09: Missed the RNS. Share price didnt move
bobberoonie: Just joined here today as I have started to buy shares and this being one of the companies that I have bought in to. I have actually had a product design and manufacturing company for 16 years and so fully understand the working of the system from design to end consumer. 100% of my production was / is in china. Being aware fo the current concerns in the Far East effecting share prices I thought it might be of value to point out a couple of things that may be of use as they are fact based rather than a lot of assumptions I see on these forums, which lead to movement that are actually unfounded. My factories have now returned and the only real impact has been the backlog in production schedule making my orders approximately 3 weeks later than they should be. The reality is that I have had far worse delays caused by numerous other factors that never make the press. It is only because this one is so high profile that people then start to look at these delays as a major issue, not realising these have happened many times before but just not known to them and so the share price isn't effected. The second point is that, having spoken to Luceco in the UK, only 50% of their manufacture is in China and the rest done at their UK manufacturing plant. So this, combined with the aforementioned, means that there is really no reason that the share price should not be continuing at its steady growth from where it dropped off at 150p. Any questions about the process please feel free to message.
napoleon 14th: Luceco's recent share price weakness reflects the recent, and currently unquantifiable, disruption to the company's Chinese production facilities. We do not ignore this risk, however we view market reaction as overdone relative to a) what we know so far, b) the company's inventory headroom, and c) performance of peers. a) What we know so far: As with most other companies across China, Luceco has seen some production disruption as a result of the coronavirus outbreak. This is not a surprise, given 37% of the company's fixed assets and 90% of its workforce are based in the country. However, we note the following: Luceco's Jiaxing factory re-opened on Monday, as anticipated, following last week's voluntary closure (the second week it was closed). Management note that any lost volumes from just two weeks of closure can be made up for, at the cost of some modest overtime. No cases of coronavirus have been recorded amongst Luceco's 1,000 person workforce. The virus has had little direct impact on the city of Jiaxing, where Luceco's production is based, with just 43 cases out of a population of c.5 million people. There have been no new cases of the virus reported in Jiaxing during the last two days. As with most other companies reporting from across China (e.g. Volex), Luceco has re-opened at a reduced capacity. This is due to travel restrictions elsewhere in the country that have prevented some workers from returning after the Lunar new year holidays. b)Inventory headroom vs peers It is not yet known how long it will take for the company's subcontractors and component suppliers to return to normal. Nevertheless, Luceco has 100 days of inventory in the UK and we believe this will provide sufficient near-term cover to fulfill orders should the sector face component shortages. c) Performance vs peers Luceco has more inventory headroom than European Industrials which have 89 days on average, another reason why we see its share price under-performance as unjustified (The European Industrials Index is flat since the outbreak of the virus). This compares to just 45 days for the auto-sector, where tighter supply chains and just-in-time fulfilment are likely to leave companies at risk (e.g. Goodyear & Hyundai). Despite this, Luceco's shares have fallen 10.7% since 20th January, when Chinese authorities commenced official reporting on the coronavirus outbreak. The European Industrials index is flat over the same period. Demand unaffected Whilst the company has faced some near-term production disruption, this does not account for the company's inventory headroom (100 days) or sales exposure to China (zero). As a result, demand remains unaffected by the coronavirus. Management's current guidance remains unchanged at present. We of course recognise near-term supply-risks that may increase costs should these capacity constraints continue for a protracted period. P.S. My thanks to amarett; I C & P'ed his post above from a.n. other site as IMO it's highly relevant, & this thread is slightly sleepy. Also, I admit I sold my LUCE @ 139.3p last week on supply fears to an otherwise much improved company. I might well buy back.
its the oxman: Still early days here and plenty more recovery both in trading and share price to come. Likely to be nearer 150p come next results.
blondeamon: Revenues up, margins up, net debt down, cash up. Materially ahead, which means margins are now back again in double-digit territory so the market must have vastly underestimated how much pbt they'll make this year. Market expects them to do £9m PBT this year but if revenues improve a bit and go back to 2018 numbers of 167m and margin improving means going back to 12% then they're looking at £20m. That's 2.2x what the market expects, hence the materially ahead. Share price would need to double to adjust to it. P.S Lower copper prices for them must also helped bring down raw material costs in last 6 months.
larva: There is almost certainly a trading update coming imho at the AGM on Friday 24 May 2019 and when they say that Q1 trading has been record then the share price will hit 100p Remember 24 May - just 17 days away - watch this baby ROCK!
diku: Whilst the share price has some strength the board should consider facilitating company to be taken over by a larger competitor at a premium...
seastork: It must be the cynic in me, but volumes have dropped off to nothing again and can't help feel its a cycle of shorters rinsing the share price every few weeks. Drip in shorts over two or three weeks and see share price drop 45p to 35p with very low volumes (circa 60k a day) for a 20%+ share price drop. Then blast away and buy back (450k volume in one day) for short share price rise. Rinse and repeat. Without trade/financial news, shareholder sentiment change or updates they are laughing in the faces of all LTH. Current declared shorts are 0.53%, but as daily volumes are so small of the 160,800,000 total shares out there it makes it too easy for them.
seastork: Genuinely struggling to understand the going of this share price and current trading volumes. Is share capital locked down by Instituitions and the board because this has fallen out of favour with PI's? Or holders sitting tight waiting for news releases / trade updates, having seen share price drop from 240p to 40p the past year have those left in, just forgotten about this company and checking back intermittently.
mcyi9gl2: Will they hit the 2018 guidance they recently provided (i.e sales growth with improving margins)? According to the Market (share price), the answer is a resounding No.If management still believe they can hit it, they should reconfirm it and the share price will improve 50%. If they don't think they can achieve it, they have an obligation to tell us.My point is there is a disconnect between the share price and the most recent guidance provided by management. I suspect, as do others, that there is more bad news out there versus recent guidance. If that turns out to be the case, the question is why haven't we been told sooner rather than later.
Luceco share price data is direct from the London Stock Exchange
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