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Wow, this is really getting duffed up now - below the 200 day moving averages
Another 54k sold
89k shares sold by Elizabeth Hill - maybe that's what was dragging it down.
Seems to be suffering from headwinds; due to supply chain problem, & inflation. But LUCE have a good future growth, & profits, looking like a multi bagger to me. Bought @ 3.80, looking to good a price to jump in for more
Have to say it looks like an exceptional 'buy' right now...
Have to say this seems quite a drop even on the sell on news principal.....
Ah, Right, was it an RNS as just seen on here the RNS are not being published as there is a fault I think?
Has there been some news or press release that I have missed that has caused the share to drop like this. Or is it just the market movements.
Any insight would be appreciated.
House broker Numis has kept its guidance unchanged and is expecting EPS to rise to 20p for full-year 2021 and up to 21.3p in 2022.
https://www.investorschronicle.co.uk/news/2021/09/07/luceco-hoping-to-mitigate-supply-issues-through-higher-pricing/
I agree entirely.... but why today's 10% fall?
Time to top up???
Financial Highlights
· Revenue increased to £108.2m:
o £36.6m (51.1%) higher than a COVID-disrupted H1 2020
o £25.5m (30.8%) higher than H1 2019, underlining the extent of our ongoing market share gains
· Gross Margin of 38.5%:
o 0.1ppts higher than H1 2020
o 2.3ppts lower than H2 2020's record levels, as expected, due to temporary compression from cost inflation, but with operating margins supported by high operating leverage on increased sales
· Adjusted Operating Profit of £19.2m, more than double H1 2020 and H1 2019:
o Material expansion in Adjusted Operating Margin to 17.7%
· Net debt to Adjusted EBITDA at 0.5x providing substantial capacity for future investment in growth
· Proposed interim dividend of 2.6p, 73.3% higher than H1 2020
If you were fortunate to have bought this share for 48p only 18 months ago you are now sat on a 10 bagger with lots more to come from this well organised company.
Half year statement due 7th Sept must be good or is there some other news coming?
This share keeps on giving!
Fingers crossed
Yes, however it seems likely someone knows something we dont...
i am loving it ,another very good day , wow
Something is going on here too
Great results and forecast for 2021 looking at 40% increase in profits from 2020
From RNS
we now expect full year 2021 revenue of at least £220m and Adjusted Operating Profit of at least £39m, ahead of current market expectations.
We now expect to report H1 2021 revenue of £108m and Adjusted Operating Profit of £19m, versus previous guidance of £105m and £18m respectively.
As a result of a strong order book and the fact that seasonality normally results in second half revenue being ahead of the first half, we now expect full year 2021 revenue of at least £220m and Adjusted Operating Profit of at least £39m, ahead of current market expectations.
doesn't take much to move the Share Price ether-way ,
Average volume 160.03k
Shares outstanding 160.80m
Free float 75.03m
P/E (TTM) 21.97
Market cap 625.51m GBP
EPS (TTM) 0.177 GBP
Or it's been tipped somewhere, would be good to know which...
trading update in July and i think must be very good or someone is very keen to takeover LUCE,
Why the SP rise today?
I wouldn't blame you been having the same thoughts but I think I will will wait for next trading update which I think is due this month.
£4 reached i am thinking to bail out,nice
Article dated 14th May. Would explain recent SP rise.
https://www.insidermedia.com/news/walesyorkshire/luceco-expects-to-double-first-half-profits