Luceco Share Discussion Threads

[allstar_07] 07/11/2023 09:37

Solid update i thought, rolling pe less than 10 and forecast eps growth of 12% according to stocko. Weakness in retail well known about

[john09] 07/11/2023 09:31

You’d be forgiven for coming to the conclusion that these were only previously going up with a Twitter account behind them

[sigibbons] 01/11/2023 19:21

Q3 Trading update on the 7th November.

[bigbigdave] 29/10/2023 10:40

All of their tips going down, but its a pretty dire market overall.

[blueball] 29/10/2023 10:27

Another scsw tip going down.

[bigbigdave] 27/10/2023 08:09

Might get a lift today from better XPP statement

[john09] 26/10/2023 11:08

Amazed this one hasn’t fallen off a Cliff yet. Illiquid stocks with forward PEs of 11s etc are not gonna cut it right now

[oldboy1] 24/10/2023 08:26

hopefully and wider markets starting to settle too.

[bigbigdave] 24/10/2023 08:08

Tiddler LPA going well, might be a read across to LUCE

[bigbigdave] 21/10/2023 08:11

Following the AGM, we have contacted the major shareholders who had not supported the Resolution to understand the reasons for their vote against the proposal and to continue a transparent and constructive dialogue on this topic. The Board will continue to engage as appropriate with those shareholders regarding their views in this area.

The Board continues to consider that the ability for the Company to buy back shares is in the best interests of all shareholders, particularly in light of the current share price levels, which presents an opportunity to generate attractive returns for all shareholders through allocating capital to buying back ordinary shares.

[john09] 18/10/2023 09:39

De-risked here the last few sessions. Locking in profits on this and SPEC. Macro environment a concern for any stocks going sideways i fear

[john09] 07/10/2023 14:35

Let’s hope you’re right, i guess you are right cos the profit warning at XPP was several trading days ago and theres been no impact 💪

[thorpematt] 07/10/2023 08:38

XPP is quite a sad story really, but the recent additional bad news for them is related to industrial demand from China and then an ensuing covenant breach. I am not sure that those issues translate well to here?

LUCE is more about demand from RMI, housing, EV charging, construction etc. and definitely not any of those Asian woes or debt issues. Sentiment of course is a funny thing so Mr Market can react differently to Mr Logic. (I try to be the latter but like all of us I am not always succesful at this).

[john09] 06/10/2023 13:34

The XPP profit warning and dive not helpful here . I wouldn’t be putting new money on the table

[oldboy1] 06/10/2023 11:01

added again!

[aishah] 04/10/2023 08:41

Price below 50d and 200d SMA.
Volex has also rolled over on the 50d SMA.

[oldboy1] 04/10/2023 08:25

added today no brainer for LTH

[oldboy1] 07/9/2023 23:37

don't feel sorry for me Johny boy.... Im still buying this one :) now is the time to buy Luceco imo ...this is only going one way ...and that's up

[mindminer] 07/9/2023 11:21

Yes. You are right. I think next TU will be a good surprise.

[allstar_07] 06/9/2023 20:35

I guess there's two ways of looking at the call. Markets were described as weak (which we all knew about) but at the same time they stated 1m more adj. Profit over top range of forecasts - nearly 10%.So the company are doing better than forecasts in a weak market and they stated they have taken some more market share over last year. Bodes very well for when their markets recover I'd suggest considering the currently low rating.

[john09] 06/9/2023 18:37

Feel sorry for the people like Oldboy1 who bought just for the trading update

[john09] 06/9/2023 18:15

Management are keeping a lid on things they probably wanna load up with more shares

[bigbigdave] 06/9/2023 06:50

LIBERUM
Shares attractive as returns can improve significantly The shares look attractive to us, trading on around 11x 2024E PER and a free cash flow yield of around 9% (2024E). Luceco continues to be a strong leader in its industry and the scale of its own facilities in China is very hard to replicate. It continues to have scope for further acquisitions in adjacent products, like the recent purchase of SyncEV, enabling Luceco to take an indemand product and offer it through its existing distribution channels. We maintain our 155p target price, and our Buy rating, as we price in the higher margins in our model. 155p per share is based on 1.2x EV/Sales (2024E), which discounts an operating margin of 12%. This level looks achievable to us, given that Luceco should be able to improve margins beyond this level. The shares trade on under 7x peak earnings.