Supply chain issues are one part of the worry. The other is that we do not know how much of Luceco's product is sold into the China market. The fall out from Evergrande, the possibility of some of China 's building industry failing, and liquidity in the China housing market is bound to affect Luceco. Maybe Luceco is not exposed to this risk. That would surprise me.
I confess I do not understand the RNS today. All this buying and selling off market. The result is 8% down from what seemed like a damned good steady company. Something smells bad.
So these professionals have no comment on the sudden unexpected drop in SP. These professional commentators only reproduce the information that Market Makers want to keep the investing public spending their hard earned dosh. DO NOT MISTAKE THIS INFORMATION FOR GOOD NEWS. It is really annoying that they take up so much space with PROPAGANDA.
Beats the heck out of me. I live in Thailand and there is nothing to report here. No huge selling for profit. Some recovery today. The only possibility was maybe an overeaction in the states to reports of high levels of oil reserves.
The reports below are old newsand if anything should support the SP. SO WHY THE BIG DROP. Mulled wine and Jange you set yourselves up as the fonts of knowledge. Where is your investor information.
As usual the false comfort of the professional commentators Jange and Mulledwine precede a major correction. Where is their professional advise to cut and run.