RE: Luceco investment case25 Oct 2025 00:16
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?