Luceco Share Discussion Threads

[forrest1987] 20/10/2022 09:45

The debt is what will eventually sink most consumer focused businesses in downturns

Not reducing debt whilst the sun was shining, a bad decision

[aishah] 20/10/2022 09:42

Liberum cuts forecasts:
FY 12/2022: adj EPS 9.1p (down 27%)

FY 12/2023: adj EPS 8.3p (down 39%)

There's a high level of bank debt too. No rush to buy here for me. GLA and Dyor

[forrest1987] 20/10/2022 09:15

Luceco is now ex growthIt's a penny stock that's pinning its hopes on ev It will be the same price in 5 years - the growth isn't there any more

[buoycat] 20/10/2022 09:13

This destocking is happening everywhere as businesses are under extreme pressure. You just have to look at the supermarket shelves.

[forrest1987] 20/10/2022 09:13

Experts are a bit quiet on thisNo tips this morningAny short squeezes coming up lol

[forrest1987] 20/10/2022 09:01

FarriguaHi, issuing a profit warning so close to previous news (interims) suggests that maybe they have poor accounting visibility. With the poor visibility it suggest further weakness is not only likely but very much expected. Do you have much financial experience?

[john09] 20/10/2022 08:46

Profits revised -10%

Share price revised by 10%

Pretty standard stuff . Same price today as it was yesterday for those wanting to enter

[our haven] 20/10/2022 08:43

I see that there are plenty of buyers around now at the new share price.Disappointing update but hardly unexpected against the economic outlook.However the final paragraph gives me confidence that the growth in EV will drive the share price upwards in time.Healthy balance sheet, strong cash generation and agile business model.

[farrugia] 20/10/2022 08:34

you don't seem to have much experience Forrest? we are living at a time with worse conditions than 2008. The trading update wasn't bad - it is the business environment out there that is ugly.

[forrest1987] 20/10/2022 08:33

Even thorpematt got badly caught What a mess

[forrest1987] 20/10/2022 08:28

Loook at the sellingAppears a lot want out hereCan't blame them after a poor profit warning

[forrest1987] 20/10/2022 08:21

Can vote me down but im not the one with egg on my face this morningA warningLol

[forrest1987] 20/10/2022 08:17

Where's all the pumpers now5 quid to 60pWhat a mess

[forrest1987] 20/10/2022 08:13

All those idiots called this wrongIt's warnedThat tip three weeks ago cost investors 30%Shocking warning

[forrest1987] 20/10/2022 08:10

Issue is aishah is luceco appears now to be ex growthThat's the issue

[aishah] 20/10/2022 08:09

Guides flat profits YoY. Cost inflation coming down. EV side picking up. It will take time to become a growth story. Expect further weakness in share price imo.

[forrest1987] 20/10/2022 08:07

Shocking warning - getting it handed to it by the marketNo mention of the downgrade at interims just weeks agoTerrible50p today

[purplepelmets] 20/10/2022 08:00

read more upbeat suicide notes

[forrest1987] 20/10/2022 07:06

In-line with expectations but profit is below expectations Sounds like a warning Will be smacked hard today

[john09] 19/10/2022 18:29

Still going down this I think

[hamhamham1] 19/10/2022 17:52

Update tomorrow at 7am?

[forrest1987] 14/10/2022 14:08

Lol await the squib finish

[gymratt] 14/10/2022 14:06

Yup. Looks coiled and ready to pop!

[bigbigdave] 14/10/2022 13:20

Short squeeze coming here.