Luceco Share Discussion Threads

[mammyoko] 15/12/2017 08:59

He's still got over 31m shares with a six month lock-in

[runthejoules] 15/12/2017 08:42

I'm in at 138.35p for a small amount after checking I didn't think it was a DCB. Sounds like a bit f-up but he's gone and this won't be happening again. They need to engage the services of AFX and someone who knows how to use Excel properly. DYOR.

[phowdo] 15/12/2017 08:39

Blimey, the CEO conveniently dumped 2M shares just a few weeks ago.

"Luceco, the manufacturer and distributor of high-quality and innovative LED lighting products, wiring accessories and portable power products, announces that on 24 November 2017, Mr John Hornby, Chief Executive Officer of the Company, sold 2,000,000 ordinary shares of £0.0005 each in the Company ("Share(s)") at a price of 234.53p per Share (the "Transaction"). "

[thegreatwhite] 15/12/2017 08:30

This seems like a proper stitch-up.

[davr0s] 15/12/2017 08:28

I'm out and moving on. Real black swan event

[wjccghcc] 15/12/2017 07:44

It's PAT not PBT so EPS of 8.2p. If they recover the GM next year then on a PE of 17 at 225p. The fall depends on how much of a lower valuation this gets until the market is convinced this is a oneoff.

[davr0s] 15/12/2017 07:35

Yeah out of the blue that one. Wonder if CEO knew when he sold 5m shares at end of last month.

[che7win] 15/12/2017 07:16

That's a bad miss and big profits warning.I make the downgrade as meaning profits of 7p EPS, these have a long way to fall IMHO.

[nw99] 15/12/2017 07:14

Disappointing

[glaws2] 02/11/2017 06:47

I thought that as well - certainly points to a growing LED market.

[tanneg] 01/11/2017 17:16

New ATH - I wonder if today's rise is linked to LPA trading statement?

[glaws2] 18/9/2017 09:19

Numis has upgraded Luceco to Buy with a price target of 285.00p

[gorilla36] 28/7/2017 12:07

Detailed article in Shares Magazine this week, strong buy.

[investopia] 08/6/2017 10:29

Luceco looks interesting right here, I reckon.

[ntv] 29/5/2017 10:49

ESO is a cheaper way in

[glaws2] 25/5/2017 08:08

Nice update. Anyone going to the AGM ? Unfortunately it clashes with KWS.

[tanneg] 25/5/2017 07:51

Positive update this morning :-

The momentum reported at the Group's full year results has continued with significant year on year growth in revenue and profit. Growth has been driven by strong market share gains within the key brands in the UK and other newer markets, and the ongoing expansion of the product ranges.

While the key autumn trading period is still to come, the board has confidence in the year ahead and now expects the Group's full year results to be marginally ahead of current market expectations.

[smokybenchod] 10/5/2017 20:37

Er no it's on current PE of 24 based on 10p EPS for 2017 and forward PE of 20 for 2018's expected 12p EPS

[cyberbub] 10/5/2017 20:09

Er, is this on a p/e of about 40?

[discodave4] 10/5/2017 17:49

Sorry, you compared the cash on the books with its mcap not rev.....prefer to compare with rev, what's the point in comparing with markets current perception of its value?.DD

[discodave4] 10/5/2017 17:45

VeloDFair points.However, net cash was only negative due to IPO exceptional costs of £2.6m.Cash on the BS may in your view be relatively small compared to rev but it's a growing company, besides it is still comparable to some well established companies - its not particularly a red flag for me.DDPS Not a holder but on my watchlist.

[velod] 08/5/2017 08:09

Very interesting share this. Had it in a watchlist since earlier this year. Looks good. All available analyst reviews positive. But disturbed by the lack of willingness by some to at least examine what may be behind a broker to slightly downgrade it's rating for LUCE. What made that broker revise their position? Got to be more than got out the wrong side of bed.

. . . For myself I'm concerned that for a company with a market cap of well over a third of a billion, it closed the annual accounts showing a cash on hand of only £4m (feel for a mcap that size it should at the very least be triple that cash on hand amount - to cover against all unexpected eventualities).

. . . And checking the free cash flow perhaps goes some way to explaining that - it ended the accounts showing as negative cash flow. The business should be awash with cash after the recent float, no?

. . . The company went on a major debt reduction exercise, down from £46m in 2015 before coming to market showing debt slimmed down to £29m by the end of year accounts, to please the market. Nothing too unwarranted about that you might think; in fact good business sense to reduce heavy debt. But does it raise the question that due to their burgeoning order book they may now be under-funded? And might the "downgrade" by the broker be nothing more than factoring-in the potential for the company to tap investors for some sort of cash raising/ rights issue, at some point in the near future rather than the far future?

. . . All the foregoing does not mean this is a bad company - on the contrary it's growing and expanding - and that calls for adequate funding that's all.

. . . In other words - were they brought to market far too cheaply and thus now need greater funds to continue expanding at the current rate?

. . . Just musing in general not stating as a strongly held opinion. I lean more to TA than fundamental analysis so do bear that in mind when I post with my fundamentals-only hat on.

[discodave4] 01/5/2017 11:54

JohnFrom the finals the PEG (based on adjusted eps) is 0.28 and on basic eps it's 0.6.DD