The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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No point buying ESO for LUCE. If that's the plan anyway... You may aswell just buy LUCE. Why bother doing it in a convoluted fashion?
We sold out a few weeks ago at a small profit . We are in ESO who have a substantial holding in LUCE. It is one of their few current holdings and has been stagnant for months. Today ESO rose 15p, around 11 - 12%. So something is happening some where. There was also a small price increase at LUCE today. ESO is 160p to buy at close with a NAV of 213p So rather than buy more LUCE we will increase our ESO holdings subject to its price on Thursday. Something is happening at ESO and it may be LUCE. Either way buying ESO covers all eventualities plus their NAV is 30% above the share price. ESO = EP SPECIAL OPPORTUNITIES INVESTMENT TRUST
He could be accumulating in the background - they don't have to announce share purchases by law. I wouldn't read too much into that.
News in December, all things being equal should be good. Copper and RMB/USD has moved favourably from July onwards, so lets cross our fingers :D
I sold my remaining LUCE shares at a big loss. Bought at 61p and sold at 43p earlier this month. I obviously don't like taking a loss, but sold these to top-up on my RPC holding. If LUCE continues to wallow and RPC get a decent offer within the next month I can use some of the profit on the RPC deal to buy back into LUCE at a lower entry point and hopefully this will cancel out the hit I took earlier this month.
I'm still concerned there hasn't been any more director buying activity - especially from the finance director when shares are below 40p so this could mean the news won't be that good in December...
Large volume.. Patience is required as this company is a bit of wreck at the moment until rns proves otherwise..
Well it's certainly wallowing now. Given there has been almost zero news, either someone knows something we don't... or it's just being sold for no reason.
This will wallow until the next update in December when if it is good it will rise. If its bad..
I think it’s just following the general trend of stocks worldwide. It’ll lift when they do.
Well this isn't going too well! Big buys don't seem to move the price much... little sells do!
Hi DH , I sold out here at 45.7 , just a bit bored here . Prob long term ok
Best stop thinking about this until something indicates the computers being switched off. Either somebody knows something small Pi's do not a seller just wants out..
Current bid is 42.1p but ask 4.5% higher at 44p. I'd be tempted to buy more at high 42's but the big spread is killing the deal.
There is a big seller and the computers are switched on.. Sold nearly all mine but the few I have left are
just going to have to wait about.
I can't see any reason either. The drops seem to be very low volume, but when there was a £4m buy the price didn't sky rocket... odd. I've always been fairly long on this one and still am!
I sold off the shares I bought at 44.7p for just over 48p last week, so at least I locked in a bit of profit this time and the price is virtually back to square 1. I bought some RPC shares instead. Still holding the original ones that I bought at 61p. Doesn't look as if anything exciting is happening here as the price is going in the wrong direction! Still believe there will be strong support at 40p from LUCE directors if it reaches that level again.
It's X-O, maybe a bit of dodgy information on the line! Will check it later lol.
Given a £4m buy only bumped it up a couple %
My trading account has the price at 69p for the next Ask... not sure where it's got that info from but it's the live quote
Wait and see when we get the info what happens!
Good week for this one.. See you all next week! Same again please.
Only really silly people were expecting a profit... Just my opinion lol
Price continues to fly... Any ideas why? Seems the initial reaction to HY has subsided? Or maybe its just because of the huge buy yday?
Ah gotcha! Apologies.
Chrisinvests
If it's me you're talking about he most certainly doesn't my post was (sarcastically) aimed at his 20.13 offering
This company is very vulnerable to an offer at this sp.
Hmm. The troll has two accounts...
Interesting.
Your right I'm clueless, do you know of any other companies with poor fundamentals, a need to raise cash and a clown in charge that I could buy and hold for results.
Always willing to take advice from the clued up ones.