The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
When will this slow mo crash end? Forward PER of 6.37. At some points the buyers return?
Chinese lockdown might be affecting production in their manufacturing plant there.
Sp being thrown around all over the place :)
nope, it didnt get to 130p, maybe this time.
Did you manage to get in?
Looks like going the other way now
You have to laugh how much this has dropped consideing the trades today, someone will get in cheap.
I thought 160p was a bargain. I think this will bounce, i'm just Hoping to buy in at 130p. nearly there.
The drop for a single day based on the news is overdone, especially considering the sp has been on a downwards trend imo
Not tying to be clever but incase you don't know its spelt "doubt"
Grezzz
I feel this will go lower during the next 6 months, if you can get back in around 120p you should do well.
I was lucky, bought with ave around 50p and sold at average of £2.missed out on £4 though.
No dought this is a good company.
Dyor
Sold out in February and just bought back in again. Here's hoping.
Right now, the answer seems to be '25%'. So the big question - now what? My holding is pretty small in this company, so I might just double-down. Any thoughts?
From a company's perspective I can fully understand the issues during Covid but from a shareholders perspective after todays news not looking good for the rest of 2022.
Investors in the dark on China industrial transport as data curbs bite.
https://www.reuters.com/world/china/investors-dark-china-industrial-transport-data-curbs-bite-2022-04-25/
Not really, though I hope it has levelled out a bit this week. All the news from the company has been positive - there are difficulties but they are finding ways round them. A few months ago they were around double the current price, and all we've really had is good news since then, and Idi think their recent purchase should be viewed as a positive. The current PE is around 10 which is low for a growth company, like this. There could be concerns about China locking down, and most of their manufacturing is done there.
But no I don't know the reason for the continued weakness and I have added a small amount today,
Any thoughts as to why the steady sell off.
Thanks all
What's not to like with Luceco, sound company good profits, now invested in EV charging points, bought in at 52p.
The only downside at the moment is their factory being in China, with a new stain of Covid and the connection of China being close to Russia.
And the purchase, I believe moves them into a new high growth market with EV charging points. Around where I live the council has installed EV hanging points mounted on lamp posts. Luceco already are in the market for external lights, so I see synergies.
Strong profits. Raised dividends. Purchasing yet another business.
What's not to like here?
Even cheaper after today >D
With a P/E at a historic low of 11.4 and strong double digit growth - is the SP just too low?
The main take away for me is that margins appear to be protected from cost inflation and supply chain issues reported in the Sept 2021 Interim results and October Q3 trading update following share price highs of £5. Delivering record Profit of £39m!
Update on cost inflation & supply chain performance
· We have progressively increased selling prices to pass through industry-wide input cost inflation, delivering the expected benefits without adversely impacting demand.
· Reduction in inflationary pressure in Q4 compared with Q3 2021, but we remain vigilant.
· Selling price increases, once in full effect, will fully protect profit from current cost inflation.
· Superior product availability maintained thanks to agile changes in capacity at our vertically-integrated production facility and proactive inventory management.
2021 full year trading update
Continued strong growth
Luceco plc ("the Group" or "Luceco"), the manufacturer and distributor of wiring accessories, LED lighting and portable power products, is pleased to provide the following update on trading for the year ended 31 December 2021 ('FY 2021') and to confirm that it expects to report Adjusted Operating Profit of £39m, in line with previous guidance.
Q4 2021 performance
· Like for like revenue growth of 36% versus a pre-COVID FY 2019 comparative, in line with H1 2021, with market share gains continuing.
· All sales channels delivered significant growth in the final quarter of the year.
· Continuing to outperform the market due to new business wins, superior channel access and superior product availability despite global supply chain disruption.
· Increasing contribution to growth from selling price increases implemented in response to cost inflation.
· Modest reduction in volume growth within our Hybrid and Professional Wholesale channels, as expected, as UK Residential RMI Construction markets normalise after an exceptional start to FY 2021.
· Accelerated volume growth within our Professional Projects channel, as confidence returns to UK Non-Residential RMI Construction markets, and from our overseas businesses, underlining the benefit of our sales channel diversity.
Update on cost inflation & supply chain performance
· We have progressively increased selling prices to pass through industry-wide input cost inflation, delivering the expected benefits without adversely impacting demand.
· Reduction in inflationary pressure in Q4 compared with Q3 2021, but we remain vigilant.
· Selling price increases, once in full effect, will fully protect profit from current cost inflation.
· Superior product availability maintained thanks to agile changes in capacity at our vertically-integrated production facility and proactive inventory management.
FY 2021 performance
· Expect to report record results for the year ended 31 December 2021, in line with previous guidance:
o Revenue of £228m, including a £4m contribution from DW Windsor
o Adjusted Operating Profit of £39m
o Adjusted Operating Margin of 17%, in line with FY 2020, with profitability unaffected by significant input cost inflation
o Lower than expected net debt (pre-IFRS 16) equal to 0.7x Adjusted EBITDA, following strong cash generation in H2, allowing ample capacity for investment in future growth.
Share price dropped back from highs of £5s to around £3.70 recently mainly due to the pandemic and supply issues. The company cant sell enough of there electrical products and seem to have sorted their supply chain out via China,, also buying a lampost manufacturer in the UK which will increase their profit margins in the next results.Trading anouncement soon with final results due around end of March. The lights will get brighter for this company with share will start going north soon.
Ssssssssh..... ;)
Hi, just to say “well done you” and isn’t it wonderful when you called it right = such a quiet share on this site and just look at the rise. Have added other complimentary posts on here and whilst I am sure he will be a pull back whilst some take profits at some point - can see this returning to its previous £5 status. Always had faith, but wow! Do I like that recent takeover