Luceco Share Discussion Threads

[iandippie] 07/11/2022 08:46

Tipped by Small Company Stock Watch this weekend

[archy147] 07/11/2022 08:32

Maybe the market is waking up to the fact that, actually, things are not worse than the market thought at the height of the covid panic.

[bookbroker] 26/10/2022 12:17

Not sure why this bouncing, hardly a company with a technological advantage, oversold likely, but recent destocking does not bode well ahead. Might make cash flow look good, but not much else.

[ymaheru] 26/10/2022 12:13

Trussonomics unravelling.
Still below pre-mini-budget levels.

[mrbeaky] 26/10/2022 10:45

Probably just well oversold and bouncing back a bit.

[bookbroker] 26/10/2022 10:44

As Albert said to Rodney about Freddie the Frog, ‘Rumours son, there’re just rumours’!

[our haven] 26/10/2022 10:40

We are not yet back to we were at the beginning of the month, so nothing to suggest a takeover IMO.

[john09] 26/10/2022 10:40

Forest you look kinda stupid after falling out with everyone here and then asking them for help

Not a holder. Just an observer !

[forrest1987] 26/10/2022 10:33

People sure there's been no takeover talk this is some rise

[forrest1987] 25/10/2022 09:15

Takeover talk ????Oddly very strong atm

[topvest] 21/10/2022 20:54

I doubt it will drop much below 40-50p. Possibly one more downgrade for 2023 and then the bounce will be on.

[blackhorse23] 21/10/2022 20:36

Sold here & bought CURY (LSE) , I think Luce will drop below 25p

[forrest1987] 21/10/2022 09:41

100% right, what a mess

[forrest1987] 21/10/2022 07:28

Somewhere of the region of 20p is where it will settle imho

[johnrxx99] 21/10/2022 04:51

Now I know why I filtered forest 1987

[aishah] 20/10/2022 22:33

Paul Scott's view:

My opinion - this is a significant profit warning, with big reductions in forecast EPS in 2022 and 2023. How much of that is already in the share price though? Are the shares are a bargain yet? Not really, I have to say, based on the new forecasts, and the uncertain outlook.

It feels too early to be anticipating a recovery in earnings, so I’ll stay on the sidelines with this share. The debt worries me a bit too, although it has come down nicely in Q3.

It’s now clear that the bumper earnings in 2020 & 2021 were complete one-offs, due to the pandemic. Therefore, unfortunately for shareholders, the collapsing share price does seem justified by the very much weaker fundamentals. So I think we should be pricing this share on much more modest earnings expectations in future. That means people need to avoid anchoring to the peak share price of 500p, and assuming it can recover to that level, as that was (we now know, but didn’t then) a completely unrealistic valuation, based on unsustainable one-off bonanza peak earnings.

As usual dyor

[topvest] 20/10/2022 19:13

Well this is getting interesting. For what its worth I think this is a good business and will bounce back. It's on my watch list - getting closer to a buy, but not quite ready yet.

[forrest1987] 20/10/2022 18:39

If profits have tanked what do you think they are doing with the divi

[squintyflinty1] 20/10/2022 17:19

Are they maintaining the dividend?

[forrest1987] 20/10/2022 16:35

Ouch look at the UTLooks like institutions were destocking worthless luceco