Member Info for MB60

Very impressed HH :) ... sorry not much to add here except

The negative... the the SP dipped down to 44.4 yesterday

The positive ... they released a Trading update RNS last year on July 25th 2017 ... maybe they might do the same again (or not)

ref https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LUCE/13305826.html

As a side note on the current trade war ... did you know, BMW is the largest US auto exporter. (well I never) https://www.londonstockexchange.com/exchange/news/alliance-news/detail/1531243360859692300.html

Interesting to see buys are now showing up as sells on this site

I just topped up because at this price the SP seems to be having trouble deciding to either go up, down or sideways!

just an idea to see where this might be going is the 'one day' chart here https://uk.tradingview.com/chart/E1FGpVoR/

Why! ... my guess is stop losses ...there must have been quite a few stop losses sitting around the levels of 13p,12.75p 12.50p and the 12p level

My guess is those who ended up selling might wait and see if the SP 'might' go lower before buying back in. Meantime what the SP really needs is more RNS progress updates

Hi Endion, 16 days of short trading ...and it looks like a few more days are on the cards, I think I spotted BennBridge Ltd had reduced it's short by a faction last week, but that data no longer appears at 'short trades' so I think they are now under the .5% threshold, but saying that they probably now have a far bigger 'trading position' than when they started in May

It will be interesting to see if their their aim is to try and break support or to hold off for a few days to allow the SP to recover to a higher level, then resume their shorting of the share!

Mean time I'll just keep an eye on volume https://uk.finance.yahoo.com/quote/FDEV.L/history?p=FDEV.L and the daily 'after hour (buy) trades' ... roll on Sept 9th

Just a thought ....it might be a good idea to keep an eye on the short positions ...example for last Wednesday https://shorttracker.co.uk/daily/20180703/ (was up) to see if they reduce their holding this week... or not!

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/IQE/13709630.html

From the ii web site

https://www.ii.co.uk/news/three-small-caps-racing-higher-ii506378/

Thinking long here .. What with China's lack of IP and the latest trade war nonsense could long term play out in IQEs favor

Maybe this Bloomburg video might explain things better than I can

https://www.youtube.com/watch?v=jVz5xIEFt4k

Thanks HH ..... I guess the 51.20 might hold for now ....so much now depends on other stuff

(side note...Looks like the 100 might be heading to a lower 7441 close today)

Ouch! looks like my buy order just went though .... if my theory is correct 46 is next support ...unless ...well they are to many to 'ifs' that might come into play, but 46 is very possible

HH I would be very happy to share ... privately if possible

I do have a theory to what might be going on with the SP ...anyway

now looking for sub 52 for my second buy (maybe!)

... no i did not no ...thank you

It should an interesting today Just looked at the charts and the 200, 100, and 50MA are all in an uptrend so short term all looks good, My personal opinion is the SP wants to cross the 50MA and has a fair chance of today's close right on or close to the 50 (at about 3068) anyway it looks like the SP might retest the resistant level (3010) either today or tomorrow But saying that I also see a lot of after hour trading (mostly sells)... as I mentioned before, today should be interesting :) lets wait and see what happens next :)

Hi HH .... i just checked that 6m investment ... ref http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LUCE/13622871.html using ctrl + f and use the word 'China' will highlight the £6m investment .... maybe a copy and paste form the above link might be better :) 7 Property, plant and equipment "During the year, the Group purchased assets at a cost of £7.2m (2016: £6.0m). Expenditure related to plant and equipment and tooling at the manufacturing facility in China. Assets acquired from Kingfisher totalled £1.4m at cost and had accumulated depreciation £1.2m. Total depreciation for the year was £3.2m. Net Book Value at 31 December 2017 was £23.5m (2016: £20.6m)"

I'm not surprised on that vote on KPMG, according to the Financial Times it's the worst of the big four audit firms ref https://www.ft.com/content/14247c88-731a-11e8-b6ad-3823e4384287 ...an easy fix for LUCE The below is from memory so might need checking I'm not sure if you picked up from the last results the 6m investment for new equipment at the Chinese factory (probably a few new injection molding machines + other stuff) and according to youtube there was plenty of empty factory shop available to increase production (growth) Another point is the introduction of the new product line of USB sockets ...i'm guessing they will be of the G type so the target market is the UK ..with a few other countries available for any over production http://www.iec.ch/worldplugs/typeG.htm one last observation is via company's house is the new company Secretary who is EU whatever! so i'm guessing they still intend to do business in the EU after Brexit I'm not sure if the SP will drop lower ... I played a hunch that the 60p would break and that there would be a few stop losses at 1-2% below the 60p ...just enough to push it down to about 57p.... I did buy enough at 57.5, leaving a possible top up at 55/56

I think the SP has a good chance of closing just below the 1900 level today .... it's been wanting to higher for days, the downside is profit takers may prevent the SP closing above the 1900 (...my guess is that there will be a high level of sell orders just under that level) Still very much a long term hold :)

Sorry high over 7700 not "7600" (typo)

Maybe :) ... but it might get one more chance this week, in the form of the markets going back up! maybe taking a little bit of pressure off the SP, but I still feel the SP needs to go down a wee bit before it can go up, unless there is an announcement that the wheels on the bus going to be put back on via an acquisition (maybe a small electrical wholesaler) Why did I look at the 100 ...(most of my 'trades' are 20day to 2 year) but since I'm on Asian time I have plenty of time in the morning to play, and just for fun I took a look at the 100 ... My idea was to try figure out 'if' and 'when' the FTSE100's 100MA will cross over 200MA, yes I know Why!....I read Alistair Strang's article (link below) and was trying to figure what might cause such a high ... and my conclusion was a 'MA cross over' https://www.ii.co.uk/analysis-commentary/how-ftse-100-can-hit-10000-ii506256/ anyway lets see what happens next PS....Now these are only 'my thoughts' for the 100... there is a 90% chance that the 100 will be up today with a possible week high over 7600 (maybe higher) ...please feel free to add Murphy's Law to any of the above

Yes I can see where you are coming from ... the 60 has been a good support, so far ... But why did they choose 60 as support! it's such a round number! ...okay I know that may sound stupid but round numbers don't work that well But saying that 60 is still a good price for going long (roll on September) ...problem is i'm watching a few others that also have potential for 20% + over the coming months VTU and HWS are just two i was looking at this morning (both need to go lower to de risk a buy in) ... I did buy FDEV last Thurs purely on the technicals, I was going to take profit on the Friday but there is a very good chance they might go higher ( I did say before I'm hopeless at exits) Anyway I think this week will be interesting solely due to that 'US entertainer' Mr Trump's personal war on every thing/one not US