Luceco Plc Share Chat (LUCE)

I finally had to trim my position today, after it became over 8% of my SIPP. That was the only reason I sold. I trimmed 30% and banked a 50% gain on the shares. Deployed money back in the FTSE all share, seems the have the best performance - COST and ESNT.

LUCE is now my 2nd largest holding. I think its a great company.

.wealthoracle.co.uk/companies/LUCE

Luceco delivered a strong set of FY25 results, underpinned by structural growth in electrification and energy transition end-markets, alongside improving operational execution. Revenue increased 11.9% to £271.4m, with like-for-like growth of 4.6%, accelerating to 6.7% in H2, indicating improving demand momentum. Adjusted operating profit rose 16.6% to £33.8m, with margin expansion of 50bps to 12.5%, reflecting operating leverage, procurement efficiencies, and a more favourable product mix. Adjusted EPS grew 20% to 15.0p, supported by both top-line growth and disciplined cost control. The key investment driver remains Luceco’s exposure to energy transition themes, particularly EV charging and broader electrification of residential and commercial infrastructure. EV charging revenues increased 84.7% to £18.1m, materially outpacing UK EV sales growth, highlighting market share gains and strong product positioning. The company is also beginning to monetise its installed base via demand flexibility initiatives, with over 10,000 chargers already enrolled. This represents a potentially high-margin, recurring revenue stream, although contingent on regulatory evolution and customer participation rates. The balance sheet strengthen with a reduction in net debt to £52.3m (1.2x EBITDA), providing balance sheet flexibility for both organic investment and bolt-on M&A. The 20% increase in the full-year dividend to 6.0p (2.5x cover) signals confidence in earnings durability and cash conversion...

.wealthoracle.co.uk/companies/LUCE

Share price on the upside today looking good I might just buy some more tomorrow.

Recent broker upgrade and Chinese based manufacturing with market leading growth in EV charging tech…. The company has proved to be a gem. If it falls to the low 60s on any macro volatility a top up is a no brainer!!

Luceco's last post on their trading was very positive. This company is bettering themselves every month. Decent 4.2p dividend coming up soon.

Goes ex div. 9th April.

Really struggling to understand the short interest here, surely SABA can find a company in a worse financial position than LUCE, the last trading updates have been ahead of expectations. PE of 11.

Whats not to like here!

So difficult to read and time. Yes jet 2 at 10 quid… with any dry powder i can muster.

I should say, I also had NESF drop 15 %, not related to the conflict and it was a sizable holding. My pf is worth less, but I own more equities, and ones of far better quality than prior to the conflict.

They often say, those that sell find it hard to get back in, sounds like you rotated a bit. Sounds like you are up, which is nice.

I could have sold, I could have gone long oil, but I honestly I didn't think it would escalate to where it has. I still think it will be over any day.

I ended up doing the 'reverse oil trade' I bought stuff that fell due to oil price, I now own a lot of Croda PLC, plus more Persimmon and a slug of the Japan index. I did sell a few toppers like CAPD but only to buy bargains, not because I worried about them retracing.

My PF has given back a lot of 2026 gains, but we both know it could gap up on a resolution any time. I would trim next time, but hopefully there is no next time. I would be buying Jet2 etc.

Hi Dartron, simplified my holdings big style when this started. GBG SCT LSEG and LUCE (at 1.82) all sold off before they pulled back. Left a slug in jet2 and got totally burned as I couldn't take no more.

Went in to MRO chasing it down from 5.5 and now have a hole. Moved back into AV from its recent low point and now enjoying a pre exdivi rise (long on this now), Hex (my long aim play)doing well due to the helium shortage, back in LUCE(mid 1.60s) and I held my ‘saviour star’ largest holding (breaking all my investment % rules) BMY pre ACOTAR x2 announcement, this has carried my folio forward over the last few weeks. I have no discipline to hold cash as all the bargains excite me so much (before they ruddy fall) Good luck for the results too.

Id love to see your portfolio, if perfectly good stocks being sold off for trash is surprising to you.

From my POV, everything is down (except a couple of oil stocks I own). Decent businesses down around 10%. Like this one.

Lot of people go to cash in times like these. I am more of a deploy more cash kind of guy. Guess I like being miserable.

"oh its just Donald being Donald"

Most of Luceco's products are made in China I believe. Most are shipped on boats, which come up through the Suez, which is, I believe getting stalled with the war. How badly will this affect business?

Trump has indicated this Iran war is anticipated to last 4 or 5 weeks. I don't think anyone was suggesting trading, just preserving profits made amidst the uncertainty this creates for all shares.

I still have all of mine, spread and stamp duty, not worth me trying to trade this. I will reward the shares that go up 30% in a month by keeping them!

But well done, If you managed to trade a few or lock in higher profits. I am doing that with other stocks, just not this one.

I sold in the 180s - but this fall is a good trading opportunity as it will rise again fairly quickly so taken a small possition (all imho)

I think some have decided to take profits after the recent good run and amidst the global uncertainties of the Middle East and its widening impact on markets.

Same here. Luckily it’s one of my biggest holdings, and like you, propping the rest up. I’m in Hex so hopefully this will help take the strain next week. I see you have gbg too… cant understand why tis is falling so may add next week, but not from luce sales! Good luck to you.

Hi Chillphill, I am really pleased to see this rise, especially as I am taking a beating in other tec stocks. Still no plans to sell any. Nice to have something green, doing the heavy lifting in the pf.

What about now Dartron? 😃

I would like to hold this long term, I think its an excellent prospect for continued growth, and eventual exit from the market. Couldn't guess when it might retrace, or pull back. Looking at a long term chart, (weekly), breakout looks tiny. Its done well considering most tec stocks have been down this week.

I am not going to try and trade this, the spread is too wide to be able to get back in. I would be pleased if it can hold 160p, as my buy in was 130p. Im happy to wait for a more buoyant market, to see this take off properly.

How far do you think this will go Dartron (usual caveats) - I’m hoping for a 1.90 lead up to fy results in March.

Yeah as the share price goes towards 200p this year Saba will look like muppets.

Results are out and they sound broadly positive. Let's hope we move above 150p this week and the shorters reduce their positions and give LUCE a chance to run.

I think it’s Thursday - so the early run may have been the shorts clearing out. Yes I’m hoping for 1.90 in the next few months.

Think its shorts buying back before update, is it due tomorrow?

long term chart looks primed for a break out, straight to 1.80p IMO (probably wishful thinking, more than TA)

But how far!

What ever forces are out there always seem to depress the SP prior to results, even though its signalled they are going to be very good! Hopefully we’ll see a steady rise (without the spread) in the coming two weeks. GLA the wait is electric! (Best quip I could muster so appologies)

LUCE share price is back down at the same price it was several months ago.

Big buys (some automated) being seen today so hopefully we wil see a slight price recovery into the new year...

15-Dec-25 10:36:56 130.00 226,329 Buy* 129.00 130.00 294.23k A

15-Dec-25 10:36:47 129.67 36,200 Buy* 129.00 130.00 46.94k O

It is actuslly good news that the market is being a bit dim. I want to accumulatre more. The restrained rise is encouraging as there is excellent value to be had.

It would make far more sense to take this private, I believe John Hornby could do a lot more away from public markets, be a shame if it got snapped up even at £2. but I would be pleased for them. Otherwise, this has the potential to multibag IMO.

Frustrating market games this morning, spiked to 143 then back to 139 to buy, barely adding any price for the trading update.

Longspur have published research with a target of Low 206p, Central 222p, High 261p - 2026 should see FCF of 10%.

LUCE is already a large position for me, but if funds free up I will add at this price. At some point, these shares should rerate.

Having been buying during the dark days I am absolutely beaming after this TS which has lightened my mood. Good visibilty now with a confident statement and we are now a strong recovery play. Keep buying!

Looks like things are going well. Let's see how the market reacts.

Looks like some people are expecting bad news, with several large sells:

07-Nov-25 12:15:59 134.00 11,574 Sell* 133.60 135.40 15.51k O

07-Nov-25 12:15:59 134.00 12,500 Sell* 133.60 135.40 16.75k O

07-Nov-25 10:41:16 134.00 69,444 Sell* 133.60 135.20 93.05k O

07-Nov-25 10:41:16 134.00 75,000 Sell* 133.60 135.20 100.50kO

Total buys: £18.26K

Total sells: £343.11K

The share price didn't significantly move even with these big sells. I really had expected LUCE to be between 140p and 150p by now, so I suppose the price couldn't dip that much as it seems already well priced.

Good news or bad news? I’m hoping for the first - thoughts please all- tempted to top up!

There were a couple of RNS in the last week. Apex Financial Services have increased their holding in LUCE from 6.36% to 7.21%.

Also LUCE sold their 9.1% stake in the eEnergy Group, which they had held for around 2 years. All of their shares were sold to Harwood Capital LLP. LUCE is still a supplier of lighting products to eEnergy. This has raised around £2M in cash. Perhaps LUCE are getting some money together to make an acquisition?

The LUCE share price has gradually moved up to 135p over the week on low volumes. The weird thing is the amount of sold value shown on LSE has been wrong for the past few days. They seem to be adding around £60K onto the sold value each day for some reason.

Friday figures:

Vol. Sold 11,960, Sold Value £79.43k

Vol. Bought 18,218, Bought Value £30.28k

If people just glance at the £ values it appears there are more sells than buys BUT only 11960 sells (roughly £16K) and 18218 buys (roughly £25K). The bought value is slightly high too, but not as far out as the sells. £30.28k for 18,218 shares works out at 166p per share! What is going on here?

I bought in here at 120p as it dipped last month. My research notes had it on watchlist. It looks really good for a rerate as the next figures are due shortly. I liked the look and background here and at Light Science Tech where I also took a chunk. Both are doing well in growing fields where I want p/f exposure. It wouldn't surprise me if LUCE was also interested in LST given two/thirds overlap plus Fire-Barrier Interclad add-on. Strong seasoned management here like LST with good capital control and allocation plus astute acquisitions. Solid.

For my own records, save having to dig it out

Management confirmed that the business was on track to deliver full-year adjusted operating profit in line with the group-compiled analyst consensus of £31.2mn. Luceco trades on nine times forward consensus earnings for 2026 (125p).

I took a look at Robbies trades on his website, I am familiar with him and admire what he has done. I did wonder how he arrives at exit prices - easy wins? He got a good entry here, so could of already sold. He seems quite discretionary (which is fair enough). Think he says he has 5000 shares? that not much in the scheme of things.

IMO, this is a classic shake out, there is no volume on these red days. LUCE is already cheap at 6.2 Ev/EBit (if FY results come in). There is a short here that needs to be closed from Saba, plus Blackrock are up to some tricks - see TR1.

I increased my holding in my pension recently, its one of my largest small caps now, I chose to do this to back the CEO, and strategy of the business. I think there is a lot of upside on offer, but its over years not weeks. I do also have a trade on the go, but even that I will run for a month or 2.

Robbie's target is only 146p for LUCE which IMO is a bit conservative. Hopefully it will exceed this by the end of this year and reaches 170p+ within the next 6 months or so. There have been loads of big buys around the start of this month, although sells have been exceeding buys in the past week. Lots of mixed messages here - maybe the sell-off is because there have been talks of a possible market crash or people are diverting money into gold/silver.

More big buys again within 1 minute this morning. Possibly from the same person (or institution?).

01-Oct-25 11:09:00 131.00 400,000 Buy* 129.80 131.00 524.00k O

01-Oct-25 11:08:49 131.00 194,775 Buy* 129.80 131.00 255.16k O

01-Oct-25 11:08:42 131.00 79,693 Buy* 129.80 131.00 104.40k O

They have a nibble buying at 131p at 11:08:42, can still have a bigger bite 7s later at 131p and a massive buy goes through 11s later still at 131p. These huge buys hardly moved the share price - it only climbed a bit later in the afternoon!

Total buys £959.24k

Total sells £152.40k

A couple of decent buys today, after LUCE being quiet for a while:

25-Sep-25 13:46:09 126.60 232,500 Buy* 124.40 127.20 294.35k O

25-Sep-25 14:25:29 126.60 435,356 Buy* 124.20 126.40 551.16k O

Total buys £897.25k

Total sells £18.49k

Bit disappointed that Montanaro have trimmed a few shares - I happen to hold MTU as well. It was one of their smaller holdings out of circa 30 companies, but I thought the update was very promising from Luceco. MTU are using capital to buy back shares, so perhaps needed the cash. There were plenty in the list I would have sold rather than Luceco.

My prediction or expects this will narrowly and slowly rise back to 150p plus over the new year.

With a rebound yesterday from an unwarranted fall. I agree with the posters here who have a sunny disposition and think that 160p is reasonable as a TP for LUCE. I will accumulate here monthly and am looking forward to averaging up here.

Its down to a lack of liquidity. I doubt there are many buyers, so short sellers can just take down the offer, probably churning over some of the stock they bought yesterday. Its very tiresome, but also a great chance to load up. If the debt was lower on the balance sheet, I think there would be more chance of a take over. The interims were good, but we need to see Q3 update to really see what's happening. If there is a seller (lets say a fund is a forced seller) then Saba will just keep dropping the bid as there are no other buyers. There could be 1M shares to sell, which is about what they need from memory. Dont take the short personally or aimed at the company, its just money exiting the uk market, and Saba got there first. I am also holding PVR, which is another Saba short, a rival has increased up to 21% of the company, and still they are not trying to close. The Saba business model probably includes pushing your luck a bit, as you can afford the consequences if it goes wrong. Whole market is very tiresome right now...

My strategy here would be to keep adding small amounts at good prices. Hopefully once the debt is reduced, they can either run a buy back or get a bid.

But I can't see a reason for a 4.65% drop after such a good update yesterday! Has an institution doubled down on a short? Can't be retail investors surely? Only a s-light drop i suppose.

Agree a £250m valuation seems very reasonable and conservative ATM - 166p a share

Strong result today. Mcap £190m and we will churn out £32m profit in FY25!

Great management and solid business. Keep going LUCE!

Very upbeat and competent BoD comments in the last t/u. Their 10% holding in EAAS is performing as planned and internal acquisition assimilation looks solid. Yep, should retrace back to 140 and onward imo.

Well I think the 2 previous posters have used up the electrical puns, so I won't bother trying...

Today was slightly disappointing, as I was expecting LUCE to charge towards the top of the leader board today. An almost 10% rise wasn't too bad, but LUCE battery just didn't have enough juice to do it. I'll just need to ACcept that tomorrow is another day...

For the dimmer investors, this RNS shows how Luceco led the market, with current revenue a shade of prior years, and that this was not a fluke. Those that bought earlier will be beaming, while those that didn't will be incandescent with regret (although they can retrofit their portfolio if they buy now). The business is well grounded, and is well out of neutral in the present phase, as the success re-fuses to be met with resistance. Things looking positive and highly charged for watts to come.

For investors with this update. Just watched Luceco socket to the market with some fine figures which should spark the SP back to life. I expect shorts fo close as this becomes a recovery play. It kept falling so I didn't know what on earth was happening . 😳 Now there is some clarity I expect switched on investors to pile on.

H1 results due shortly and I expect 140-145p open. H1 trading update was very strong!

LUCE is losing a lot of market value. Mmm - peeps not convinced of improvements in RMI market.

The recent share price decline was unexpected and must turn around soon. I thought I was getting in at the bottom at 130p.

One good thing is LUCE price has historically had occasional rapid rises and to me looks like great value at the current price. The negative is the percentage of shorters has increased to the highest level in the last few years. Let's hope they have got things wrong and lose some money!

You'd think LUCE wasn't doing well at the current price - down over 10% in 1 month and 20% in 1 year. Their sales are up year on year and have diversified into the vehicle charging market which should further increase future sales.

Looks good!

FK, here is my LUCE research

https://www.tradingview.com/x/XFooUhzW/

Berenberg flips the switch to ‘buy’ on Luceco

Berenberg has initiated coverage of Luceco (LUCE) as a buyer given the strength of its manufacturing arm and its track record.

Analyst Edward Prest started coverage with a ‘buy’ recommendation and target price of 160p on the lighting manufacturer and supplier, which was trading up 0.8% on Wednesday afternoon at 128p but is still down nearly 15% over the past year.

Prest was impressed by the fact the group has its own manufacturing operations in China which ‘gives it full control of its supply chain’.

He also highlighted a ‘strong track record in product development, and its proven ability to innovate in a dynamic consumer and regulatory environment’, as well as a ‘strong balance sheet and cash generation capability’, the latter of which provides scope for both M&A and investment.

‘Recent years have been tough for [the repair, maintenance and improvement] markets, and the second half 2025 outlook is certainly more one of stability around trough levels than a sharp bounce back,’ said Prest.

‘The group has managed the headwinds well and fared better than various peers.’

Agree with this above. Think it will be a slow burner however. I am calling the bottom as 125p. So more to come in sunnier times.

Berenberg starts Luceco with 'buy' - price target 160 pence

Fall is unexplained to me unless some shorting is going on. The share had no ugly surprises and I expected a rise as posted below. I will continue to accumulate but may adjust to see if i can catch the bottom. Always tricky to catch a falling knife but the SP decline has legs and to go below 130p as it has today seems to suggest to me that there is regrettably further to fall. Still enthusiastic about the share and long-term prospects.

Agreed and the slight downtick in the SP is a surprise to me. I will keep accumulating here until the market gets it. Can't see anything negative in the results except for a mention of a seasonality headwind at one point but profit is up and revenue up. Buy!

Reads super to me- back to 150p level at least

I'm interested to see how tomorrow's update plays out... the bar is set high atm.

Nice trading update with steady results and continued growth.

Thanks Saba, nice trade today.

I am exactly the same

Luceco is a really well run company with a ceo who lives and breathes the business and EAAS has so much potential over the coming years - we’ll see

Well I hold both EAAS and LUCE and don't see selling LUCE to plough into EAAS a good move atm. Mind you, I was heavily invested in JIM, so call me Mrs Muggins... JIM always good for me as a customer, but owning the shares & their lack of communication with shareholders not so good. I do like LUCE and EAAS so happy to run concurrently..

Took my shares @9% profit and ploughed into EAAS. Whopping upside with LUCE on BoD as 10% holder.

Plus a sound forecast for the year ahead. Board have all upped their holdings recently pre-close period so bodes well. Locked and loaded @143p early doors.

Doesn’t look like the shorters will be suffering

Haha Saba, I hope you got wiped out today!