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Looks like 90m revenue in H2 at Operating margin of over 10%.
That should return the company to profitability for their year end results, no?
Yes, a good, solid update and cautiously optimistic outlook. This news was already baked in to the share price - it's up from 33p a few weeks ago. UK economy holding them back and this share will not move much until there is more optimism about the UK. But the trajectory is positive,
Any trading completed with knowledge that the wider market isn't party to, is insider trading. Regardless of buying or selling.
Hoping tomorrows update is a good one.
They won't be adding if it's good news, that's insider dealing. Also, the amounts are pitiful. IMO given the recent spike looks a good short entry level. Only 4.1m cash at 30 June with cash outflow of 1.3m. That means at current rate of cash burn out of cash by Jan 2020. And that's if trading conditions haven't worsened. Placing could be on the cards.
...and they are still adding. The gamble now is the trading update on Tuesday.
GL to those who choose to hold out.
Trading update - 29 January 2019
Director dealing - 2 Directors purchased 8.5k shares each (small), but interesting none-the-less. Given they almost certainly know the year-end result, I guess that has to be seen as positive news.
Hopefully we can hit 70p where I optimistically doubled down last year trying to catch the falling knife.
Been good in last 2 weeks and I'm happy to take that 50% rise.
good luck to everyone and I hope it continues to rise for you.
Ruffer LLP also purchased 5% of Luceco's shares last week. Think that's two large institutions buying in during the past couple of months.
Who knows something we don't? Having a huge run... +45/50% from low of 33 at the back end of last year...
EBT purchased 1.1m shares too.
Hmm. I guess it's only positive.
Big rises this week! Let’s see if they will hold.
Some news coming soon? Good rise yesterday of approx 10% and starting the day today 7% up.
Thank you.
Hi, I have an IG spreadbet account I use in conjunction with a share dealing account. This allows me to monitor live prices on pc and mobile and set alerts. Good too for advance charts which costs £30/month but free if you make 4 trades a month or more. Trades could be as little as £1 a point to buy and you can then split as little as 1/10 of a point to sell which counts as a trade as well. So you don’t need to spreadbet large amounts to qualify which means you can have very little money in the account to use it which I would advice as too many over bet with a spread et account.
You mentioned in an earlier post .... your alert rang at 35p... is that a app or ? I need something similar so I stop looking at the stocks nonstop.
It's better than a profits warning :D and they will have closed the books by now so should know where they are...!
Any ideas if the management have made good progress over the last 6 months?
Or are we about to hear another profit warning?
I hold a few of these in the belief that this business will make some money. I bought these and AUG at the same time in mid-March last year in the hope that one of them takes off.. AUG had directors loading up with a significant amount of cash and so have these.... although I am aware of the unloading just before the price crashed so am wary of that.
I sold AUG on Monday and am in two minds whether to hold and see it out here or cut my loss and invest in a dividend stock (some good yields about at the moment). I will probably stick it out as I really do think patience will pay off in the next 12-18 months here.. however another profit warning will be a real kick in the teeth.
Any thoughts?
Not me... But I have noticed that there are seldom large sells in the book for Luce, and occasionally large buys. The price of this stock seems incredibly easy to suppress with a small amount of money (maybe £10k).
Took a small holding here today when my alert for 35p rang. There is support here at 35p but whether it holds or not with the obvious seller around who knows. Hence I bought a small amount and may add if it drops more.
Plenty of skin in here by bod.
gla
I heard the same. The friend of a friend says they are busy and are well happy. Orders look good. So, we’ll wait and see. I might be tempted to buy more before the figures are released.
I heard sales were booming, so no wonder the staff have loaded up on them. A Couple of big wholesalers I spoke to have delays in getting stock saying luceco can’t keep up with demand. Could just be restocking after destocking earlier in the year. Could be over stocking over fears of brexit. Who knows, but we shall soon find out in a couple of weeks.
Just bought back quite big. IMO it’s got to come good. Someone mentioned that one of their friends who works for them was buying as fast a possible. Always a good sign. The loss making American arm hasgone and the share seems to have bottomed out so lets see what happens. I only had a few thousand shares before but this time I’ve really gone for it.
Those articles really are cack aren't they. There's hundreds of them about too...
Anyway. We're back to where we were...
The only thing that should be effecting the price atm is Rmb and copper movements, and any signals on the led market. Haven't had too much information the past few weeks anyway.
Volatile.
Seen that and it is just one of those automated notes which highlights technicals. Of no value to anybody other than clickbait IMO
According to Google news predators are circling this. Hope they do not get dizzy because this has fallen a long way..