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JT, I know what you're saying, but after another near 5% fall today, this has now lost 25% in four days.
I'm not seeing that reflected in the markets generally.
Some big buys this morning 640k
The ftse has over heated in the last few weeks and there is a ****e storm on the horizon.
I expect all stable stocks to suffer for the foreseeable.
Keep your cash under the mattress!
And another 2.5% down.
With no reason to expect a bounce tomorrow.
With the country beginning to open back up, I don't understand it.
And another 8% today.
Unbelieveable.
Fall, by all means, but 18% plus in two days? On no news?
Just seems like there's something not right somewhere. And I'm not talking about the company.
Wtf?
A 10.5% drop on the back of nothing whatsoever?
Either someone knows something or this is just madness.
I've seen this happen to a few of my stocks lately and it's almost like someone's saying "right which one are we going to pick on today?"
Hopefully it's just a blip.
Luceco Plc Liberum Capital Buy Buy 170 140
Blimey, that's a fair old jump.
It'd be nice if they were right.
"Board expects profit and cash generation in H1 2020 to be at least as strong as H1 2019."
Wow, that's great news.
Interesting rise today.
There seems to loads of totally random volatility all over the place.
Ditto. Blakrock Still adding
Good to see Blackrock continue building a stake here. 3rd purchase in recent weeks.
What I'm wondering is how long they can keep producing while not selling?
You can only keep so much stock.
They probably haven’t it’s just averaged out over the 4 months as I’m guessing January and February were largely unaffected then March would of seen the effects of their factory temporarily closed and April our lock down.
I'm surprised they've got that much coming in.
The main thing is they've got the liquidity to get through this.
Revenue halved for 2020 so far!
Financial highlights
· Sustained progress across a broad range of metrics in challenging market conditions:
o Revenue of £172.1m, 5.0% higher than last year
o Adjusted Operating Profit of £18.0m:
§ >100% conversion of revenue growth into operating profit
§ Adjusted Operating Margin doubled to 10.5%
o Adjusted Free Cash Flow of £18.9m:
§ >100% conversion of operating profit growth into cash
§ Closing net debt reduced to 1.06x Adjusted EBITDA
o Adjusted Basic EPS of 7.7p
Thanks for that.
I'll look in tomorrow.
Thursday 23 April
Luceco Full Year Results
You could say that about absolutely any company!
But, yes, I agree with you.
I'm top slicing anything that gives me any profit and watching my PF very closely.
That said, there should be some stonking bargains to be had.
We have seen some gains but with this lock down set to last quite a while Q2 is going to be a disaster. I can really see it going back down to 60p levels in the short term. I think Recovery for many companies is going to take 12 months
LUCE is in a reasonable position to restart production as they have a big dedicated factory in China (about 500 miles from Wuhan) that produces their products and they sent out a relatively positive RNS saying none of their 1000 workforce has had the virus on 24th of March.
The big drop to around 40p on no news made no sense and they were oversold and quickly bounced back to the 60-70p range. IMO they still offer good value at under 75p and will get back to the figures you're quoting. I'd love to see this happening by the end of May, but IMO it will take up to 12 months for the recovery.
It is still very early days but as countries start to come out of this crisis I can see LUCE bouncing back quite quickly
I expect a share price of 1.20 to 1.50 by the end of May
Expecting positive growth in the 2019 results. Lots of director buys in September at between 80p and 97p seems to show they are happy with the performance of LUCE. I was hoping to see it back above 80p again tomorrow if good results released.
groudle, are you sure they have been postponed? I thought it was only this year's interim results that were being postponed.
It has been postponed