Luceco Share Discussion Threads

[john09] 29/1/2018 18:41

He won’t buy he owns far too much of the company already

[immokalee] 29/1/2018 15:41

Thebigshortfella 35p based on what?

[cxs1] 29/1/2018 15:08

Until we hear of significant news/buy this is a pure gamble imo. The CEO's big sale before the warning cannot be overstated.

[john09] 29/1/2018 14:57

It’s clinging to that 70p line. Very strange how it’s doing so. Although we saw that in similar fashion at £1 , 90p and 80p ! Very Strange price action indeed. Wonder if they will shake beneath 70p !

[rocketfuel1] 29/1/2018 14:57

I bought this morning when it looked like volume was drying up. What a clown i am now! I doubt i am going to lose money in the long run because i was thinking 13m is still a decent adjusted profit.

[seastork] 29/1/2018 14:48

Have seen this stock getting hammered over the past few weeks/months having bought in last year at £2.43 per share. Reactions have been to slow to stop the rot and weighing up pro's and con's of doubling up now at current pricing.
With a media black-out from the company with no news or statements since the profits warning issued on 15th Dec 2017. How deep-rooted down does this accounting error go?
Financial results are due beginning of April, with the CEO selling 2 million shares at £2.34 per share in November 2017. Would like to see some of the board adding to their holdings now the company is at £0.70 per share, to re-store some confidence.
Still see this as a long-term investment opportunity but not without risks attached. Would be interested to see financial results from their US trading post in Houston post Hurricane Harvey and any positive affect recent activity in dollar strength/weakness may play.
Personally, having to wait a few weeks before purchasing anymore shares and hoping by then for some stability, atleast around 90-100p.

[meijiman] 29/1/2018 14:43

I think its the management that is completely clueless.

[elsa7878] 29/1/2018 14:39

Bizarre to see a company's share price down by 30% in a week and they say absolutely nothing. Clearly $/CNY has gone badly against them as has the copper price. But how much are they hedged and or can they put up their prices. Until they tell us we are completely clueless.

[pictureframe] 29/1/2018 14:21

Price action suggests something smelly

[bookbroker] 29/1/2018 13:58

Could see these suspended, either grossly overpriced at IPO or something wrong with accounting protocol!

[thebigshortfella] 29/1/2018 13:50

john09 - what's a buy price though? It seems to be in free fall at the moment. Someone suggested 35p last week. That doesn't seem completely unrealistic now...

[cxs1] 29/1/2018 12:38

It certainly doesn't go down well, nor does the lack of an positive update / any high profile buying since. Now getting on for nearly 200p down from the year high of 267p in Nov but it still doesn't smell good.

[pictureframe] 29/1/2018 12:36

More skeletons in the cupboard or good buying op?

[tsmith2] 29/1/2018 12:20

market don't like the director sale followed by a profits warning

[john09] 29/1/2018 12:12

This is getting in the realms of a buy now. Getting there

[citytrader66] 29/1/2018 12:07

11:46:53 72.7200 6,875 O 72.4000 72.4000 Buy

same pattern. down again! 72.40p to buy.

[fillipe] 29/1/2018 10:04

ALT - I see finnCap reiterate their 105p tp, in a CORP note this morning, so appears to be looking good.

f

[john09] 29/1/2018 09:16

F

My funds are all tied up elsewhere. What do you reckon on the ALT news this am?

[fillipe] 29/1/2018 09:15

There appears to be steady interest in LUCE, right from the off this morning, at the 80p ask and very close indeed to that price.

f

[discodave4] 28/1/2018 10:11

Guess the drops here are fx related, 52% of revenue is in USD.Looking at the interims and the change in rates this year so far then it looks like the previous "natural" hedge on USD and CNY has eradicated - for H1 80% of the negative impact on revenue due to GBP v USD rates was recovered due to a favourable GBP v CNY rate reducing their costs (China).However, using today's fx rates, and using H1 revenue and cost of sales, then only 25% of the negative impact on revenue would be recovered - so can understand their USD and CNY hedge, I think!, but would have to be some hedge IMO for it to minimise margin impact............copper price not helping either.DD

[john09] 26/1/2018 18:08

Got it M will mail you now