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
  10.50 3.01% 359.50 123,652 16:35:15
Bid Price Offer Price High Price Low Price Open Price
359.00 360.50 364.00 350.00 354.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 176.20 33.60 18.00 20.0 578
Last Trade Time Trade Type Trade Size Trade Price Currency
17:16:49 O 32,760 359.50 GBX

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Luceco (LUCE) Discussions and Chat

Luceco Forums and Chat

Date Time Title Posts
08/6/202111:47Luceco Lighting1,734
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 (LUCE) Top Chat Posts

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 349p.
Luceco Plc has a 4 week average price of 326p and a 12 week average price of 250.50p.
The 1 year high share price is 372.50p while the 1 year low share price is currently 91.80p.
There are currently 160,800,000 shares in issue and the average daily traded volume is 150,528 shares. The market capitalisation of Luceco Plc is £578,076,000.
ymaheru: Tole, this analyst seems a little behind. LUCE’s trading update points at £34m extra revenue in H1 alone, so he is expecting only £2m uplift in H2. I know LUCE have often only produced low sales growth, but their update seemed far more upbeat. I’d suspect £3m extra profit in H1, as sales up 43% on similar margins to last year. Their gross margins are expanding again in H2, so I cannot see profits of only 36m. I’d be thinking £45m up to £60m myself, judging by recent years.
tole: (LON:LUCE) – a little left yetAnalyst Daniel Cunliffe at brokers Liberum Capital rates the shares of this LED lighting and wiring products group as a 'buy'.He is looking for 350p after having upped his estimates following the recent AGM update.Cunliffe sees sales rising this year, to end-December, from £176m to £209m, then next year up to £221m.In that same time frame profits should rise from £34m last year to £36.2m this year and £40.6m next year. With earnings going from 15.5p to 18.4p to 20.6p per share.The analyst has previously argued that the company has a valuation of 400p a share.Currently 335p they have more upside.
ymaheru: Yep, these ‘results’; are huge. The biggest thing here is that they’ve passed on the rising cost of copper to customers so margins in H2 will INCREASE! With gross profit about double H12020, and H2 sales and gross margins looking strong, LUCE really is looking good. I can see it rising a lot over next few weeks, depending on how choppy the markets are. It is so undervalued. I just bought another tranche of shares.
farnesbarnes: My fling with LUCE is over for now. I can potentially see copper costs having a material impact next results. Will be back if copper cools or costs can be passed on to consumers.
ymaheru: LUCE great company. I think it’s very undervalued at present. Working it out on 20% growth for 5 years (so just over 100% total), then slowing substantially, I still come in at fair value over 700p. Let’s not forget that even during the pandemic it grew profits at 116% in just one year, so my valuation may seem very conservative. Cheap as chips. Can see it rising a lot in next year or two.
tole: (LON:LUCE) – brokers going for 330pThe LED lighting, wiring, and portable power products group enjoyed a magnificent year in 2020. On sales up just 2.4% at £176.2m, it reported pre-tax profits of £33.6m, up 96.5%. Earnings leapt 116.9% from 8.3p to 18p per share, while the dividend payment was 168.6% better at 6.2p per share.The current year will not see such dramatic increases, due to added raw material and freights costs. Even so, the management is confident of further revenue and profit progression going forward.The shares, currently around 273.5p, still have upside potential, with another 20% being possible, so hold tight.(Profile 15.06.20 @ 96.1p set a Target Price of 125p*)
bigbigdave: B&Q selling LUCE lighting products, quite a range too... Https://
ihatemms: Luce to enter the massive car Ev market according to the AJ bell presentation yesterday.
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.
Luceco share price data is direct from the London Stock Exchange
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