Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Tuesday 31 March
Luceco Full Year Results
When Chinese are back to work Luseco could recover quicker than we think
Peel Hunt Lowers Luceco (LON:LUCE) to Hold
Posted by Mini Blandt on Mar 25th, 2020
Luceco logoLuceco (LON:LUCE) was downgraded by analysts at Peel Hunt to a “hold” rating in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports. They presently have a GBX 87 ($1.14) price target on the stock, down from their previous price target of GBX 151 ($1.99). Peel Hunt’s price target would suggest a potential upside of 44.23% from the stock’s current price.
Separately, Liberum Capital restated a “buy” rating on shares of Luceco in a research report on Tuesday, February 18th.
where the SP has responded accordingly.
It's interesting that they're looking to supply customers directly, as I know wholesalers have been closing down.
Contractors are allowed to work for now, but I doubt it'll be for long.
Still, I'm quite confident that things will pick up when Corona dies off.
It's what happens until then that worries me.
Whatever, I continue to hold and may even add if things get much worse.
and even worse than the supposed basket cases that are Lloyds and Centrica.
I don't understand, after it was all going so well and it tells me this is seriously oversold.
I imagine all the auto buys at 08:44 and 08:45 are actually sells:
23-Mar-20 08:55:09 40.30 2,657 Buy* 1,071 A
23-Mar-20 08:54:59 40.20 5,646 Buy* 2,270 A
23-Mar-20 08:54:59 40.15 2,361 Sell* 947.94 A
23-Mar-20 08:54:58 40.15 2,500 Buy* 1,004 A
23-Mar-20 08:54:58 40.15 7,500 Buy* 3,011 A
23-Mar-20 08:54:53 40.15 500 Buy* 200.75 A
23-Mar-20 08:54:50 39.30 110 Buy* 43.23 A
23-Mar-20 08:54:50 39.00 1,252 Buy* 488.28 A
23-Mar-20 08:54:50 39.00 1 Buy* 0.39 A
23-Mar-20 08:54:39 43.20 1 Buy* 0.43 UT
The bid/offer spread was about 9% for an hour or so whilst the price plummeted. I'm not sure what was going on here - I thought the price was trigger stop losses but they all auto deals. Also deals trading a single share?
Perhaps yesterday was a MM tree-shake to hit some stop losses or to get nervous investors to sell up to buy up cheap shares. I'd normally bank the circa 50% paper profit but maybe I should wait until next week to see if a surprise RNS is in the pipeline...
something is definitely going on
Luceco PLC
LUCE
75.70 GBX
+31.70 (72.05%)
any buying activities will rise the share price ,not a lot to go around. auto sells and buys are done by computer .
Average volume 507.93k
Shares outstanding 160.80m
Free float 65.54m
P/E (TTM) 7.04
Market cap 70.75m GBP
EPS (TTM) 0.0625 GBP
Volcano, yesterday was a strange day. There were lots of auto sells that continually dropped the price down and below 47p looked attractive to me as 30% of peak price. I have no idea what caused all these auto sells = maybe a big player wanted to take some money out but why at such a low price?
Definitely a big recovery now and there 2 big buys early in the morning - largest being £146K. Couldn't see a reason for the fall yesterday and today no real reason for the rise - very volatile share. Today the buys are outpacing sells by 9:1.
could it be takeover target who knows
Luceco PLC
LUCE
68.10 GBX
+24.10 (54.77%)
I think LUCE could recover from yesterday lows quicker than some people my think
Luceco PLC
LUCE
58.90 GBX
+14.90 (33.86%)
I bought a few yesterday at just under 47p. Difficult to catch a falling knife, but SP was only 30% of year high before CV. Still continued to fall but SP has really picked up today.
There was a big buy earlier today:
20-Mar-20 09:19:30 55.00 266,309 Buy* 146.47k O
Most shares are very volatile - although FTSE100 index may only move up or down <3% in a day, some shares are showing >10% daily swings.
Majority comes from China. I’m surprised that they haven’t issued a statement on the RNS news feed on the impact to supply chain. Like other companies world wide supply will be delayed.
Ted_Z, it's certainly not all made in China?
Are you sure you're not making information up?
It really isn't hard to check either;
https://www.luceco.com/uk/page/about-us-luceco
Are you just making information up? Everything is made in China and all raw materials come from China!
Just joined here today as I have started to buy shares and this being one of the companies that I have bought in to. I have actually had a product design and manufacturing company for 16 years and so fully understand the working of the system from design to end consumer. 100% of my production was / is in china.
Being aware fo the current concerns in the Far East effecting share prices I thought it might be of value to point out a couple of things that may be of use as they are fact based rather than a lot of assumptions I see on these forums, which lead to movement that are actually unfounded. My factories have now returned and the only real impact has been the backlog in production schedule making my orders approximately 3 weeks later than they should be. The reality is that I have had far worse delays caused by numerous other factors that never make the press. It is only because this one is so high profile that people then start to look at these delays as a major issue, not realising these have happened many times before but just know known to them and so the share price sine effected.
The second point is that, having spoken to Luceco in the UK, only 50% of their manufacture is in China and the rest done at their UK manufacturing plant. So this, combined with the aforementioned, means that there is really no reason that the share price should not be continuing at its steady growth from where it dropped off at 150p.
Any questions about the process please feel free to message.
All the news from our suppliers in China indicate a return to work for most factories and a start of despatches from the ports
detailed report below
As businesses and transportation are gradually re-opening in China, we summarise the current status across the regions, ports and freight operations (by mode).
Last week authorities in significant centres like Shanghai and Shenzhen gave the green light for businesses to resume operations, and while the situation is improving, there are local variations on how workers will return and to which extent.
NGL Offices
Our offices in China resumed operations on February 10th, with the exception of the Ningbo office which continues to work remotely.
Factory production
Except for Hubei province, most areas are gradually returning to operation.
Limitations imposed on transportation, continue to hinder many workers from getting back to their place of work, which, means many factories will operate with reduced capacity and workforce.
Several cities implemented 14 days of quarantine for workers that return from outside towns, before they can return to work.
With the gradual restart, we expect the capacity for deliveries from China factories will remain low during the remainder of February.
We detail in the tables below (and downloadable PDF) the current warehouse, transport and freight situation across the country.
Factories: Current status
Region
Factories Current Status
Tianjin
80% of factories return to operations this week
Most factories started operations in reduced capacity, many workers are still not back
Dalian
80% of factories return to operations this week
Most factories started operations in reduced capacity, many workers are still not back
Fuzhou
Part of factories return to operations this week
Xiamen
Most factories return to operation this week
Guangzhou
50% of factories resume operations during February 17-20, some postponed to Mar 1
Shenzhen
50% of factories resume operations during February 17-20, some postponed to Mar 1
Hong Kong
Operating
Shanghai
Shanghai – Estimated 80% of factories is now back to start production.
Zhejiang – Estimated 50% of factories is now back to start production.
Ningbo
The majority of production is still closed
Some factories resume to operations on February 17
For factories resume to operation, majority operate with reduced workforce
Qingdao
80% of factories return to operations this week
Majority of started factories operate at reduced capacity, many workers still not back
The main limitation for transport is road closure and the limited availability of truckers.
Our team is in close contact with shippers for the best solutions ongoing. The situation is still a significant limitation, but improving for each week.
Ocean carriers announced a total “blanking” of 58 sailings from Asia to Europe during Q1.
We expect that when factories are back to operating
This work will be for likely be in around 5 years if they have won a contract for designing and installing LED lighting in some of the new HS2 stations.
Whatever is driving the price rise, it is almost nudging 140p again.
I heard a rumour they may of secured a big contract for HS2 I know they did a train or tram station recently
WUHAN WOES: UK RETAILERS SEE NO REASON TO PANIC (0852 GMT)
The China dependency has led markets to talk up supply chain disruptions, especially among
retailers, due to coronavirus, but the million-dollar question has been what's the impact and
how long does it take to recover?
Jefferies has reached out to a few retailers and the short answer from almost all of them
has been they have not been affected "materially". And with slowing infection rate its analysts
believe impact to European supply chains will be limited and short term.
Ah, a reiteration by Liberum;
LUCE Luceco Plc Liberum Capital Buy Buy 170
Hardly a reason, but I'll take it :-)
on the back of nothing that I can see.
Wow, this is so volatile.
better day today
Hardboy is the end of a campanologist rope
"They won't give you a reply as I told them not to - you're not a shareholder after all."
I was when I wrote.