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92% of the shares are with the Directors or Institutions. Only 8% available for the public at large. See my previous post on this.
Now that we have had a few busy days, there may be a lot of holders for now. My concern is that there may not be many sellers. Will this create a scarcity? And will it push up the share price? Comments welcome.
Sensible trading Chris, 20% of mine went at 85p and another 20% today. Imo we'll take a breath then see further gains to around 135p (next target). Has to slow at some point!
GL
first profits warning and i took LUCE of my watch list , now i am thinking i should have left it .
Good rns today.
For those thinking of buying in, I wouldn't be surprised to see the share price drop to £1.01 where there is now support before carrying on upwards.
Resistance level at 165p and of course there is the gap to fill at 224p.
......and yes, I do regret selling out for a 20% gain after buying at 34p, but thats life.
gla
Ok, I can bemoan it a little - price is up to 120.00 already. A lot of buys going in... The train rolls on.
I expect this to be back over 200 by March/April next year, so long there are no disasters.
If anyone bemoans making a 100% gain on a stock in 7 months... They're delusional, so definitely can't be unhappy.
Gamblers fallacy is when you buy 10 oil stocks and 9 of them dust and crash 90%, therefore your 10th is guaranteed to strike. Incidentally this is my investment strategy.
Ha, I'm not. I set a sell price and once it reaches that I sell regardless. Fortunately I also set another sell criteria for this one so only sold half.
I'm happy being in this one for "free" now. Though that's a gamblers fallacy ??
Wow £177k. Someone had a limit sell on £1 I guess.
The last seller yday will be regretting their decision. Suspect that'll cost them 8.5 to 17k by end of today
That RNS is music to my ears. I've learned from past mistakes to take profits, I've had 600% rises unrealised turn into 40% losses.
They still believe they'll be materially ahead of expectations which is wonderful news.
Expecting a very good day.
Luce has gone from being my most hated share to my favourite in 6 months. Up we go again.
As it had doubled in value since I bought it.
Holding the rest for another couple years. Lets keep going on a good ride!
Interesting question.
Effectively Epic and Giles Brand are the same thing (he is the boss of Epic). So you could assume about 32% will act with one voice and it is hard to see a difference of opinion between Epic and Hornby since one has backed the other.
Given the rise in sp and the sizes of their holdings, I would assume that we will see some divestment - presumably via a placing at some stage in the future. As to when that happens - your guess is as good as mine, but LUCE looks to have a lot left in the tank so why would they sell now if they expect still better things ahead?
There are other (respectable) institutions involved but their stakes are less than 5% individually which might signify that they expect to pick up some shares in the event of a placing. So my opinion - which is worthless - is that in this case tightly held shares are not a problem and I have been a buyer for some time now.
Which last statement is guaranteed to precipitate a crash.
GLA
GS
SCSW stated that “Luceco shares are tightly held”.
I did a check and came up with the following:
Total shares: 160,800,000.
Freefloat: 67.6mill (42.0%) (Source: Stockopedia)
From the RNS and Investors Chronicle, the following is true:
John Hornby CEO 27%
Giles Brand Chairman 5.9%
Epic Investments 27.4%
Employee Benefit Trust 2.3318%
Other Institutions: 29.5% (Investor’s Chronicle – may not be up to date)
Total: 92.1318%
Therefore shares in circulation / available to the PI are less than 8%.
Does this mean that shares will dry up sooner than later? Would welcome any comments.
LUCE tipped this month in SCSW.
https://www.scsw.co.uk/searchresults.php?textfield=LUCE
From the other BB: "Although already in the SCSW growth portfolio, they feature it again this month over 3 pages, ending by stating it should move dramatically higher from here"
Brilliant. What a recovery this has been. I was practically writing it off after last year.
Watch it closely just in case the predicitons are a bit off the mark, but it is looking promising.
Write up in Shares Magazine yesterday.
LUCE ticking up today, on a good number of trades.
The subject of a write-up somewhere?
Or maybe so over the weekend.
Just read the presentation they're confident of adjusted operating profit for H1 being above market expectations.
As they already have half of half 1s information, I suspect this will be met.
Definitely a hold for me, and I'd probably buy if I was looking to invest. Think this will be in full recovery mode throughout 2019.
Looks like they agree with us.
This is one of the key parts for me:The outcome was a much-improved performance in the second half, achieved against a backdrop of challenging conditions in the UK market. Following a breakeven position in the first half, the Group delivered an Adjusted Operating Profit of £8.5m in the second half, 49% more than the same period in 2017.At the same time, we generated a good net cash inflow in the second half and reduced net debt to £32.2m at the year end from £37.2m at the end of 2017. This stands us in good stead for the future.
I am not hoping for a drop in the slightest. I’ve already averaged down to -40%. There is no way I am putting any more in here this year. I am definitely holding though. I am feeling quite confidend after this update and have requested Bed and ISA and am happy to forget about them for a few years.
Indeed, worth remembering the SP was 231.5 then too, the lows of 33 were unfair and due to a general downturn in markets, 50/60 was the base. Agreed on the dividend, take from one hand give to the other.