Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It explained that the principal reasons for the gross margin weakness were the strengthening of renminbi against the dollar, alongside the ongoing weakness in sterling and increased commodity costs. "The group will be able to mitigate some of these headwinds through internal efficiency savings and overhead reductions, with margins expected to recover to long term expectations in the second half of 2018 as a result of these actions. "The group also intends to increase its foreign exchange and commodity price hedging activities with particular focus on renminbi versus the dollar." Luceco said its revenue forecasts for 2017 and 2018 remained in line with market expectations. "We continue to expand the group's product ranges and our geographic reach," the board said. "Luceco's balance sheet remains strong and the board continues to assess opportunities to invest in the future growth of the business."
Good points.... but LTH would be mixed bag and I cant see too many taking hit, just seem so overdone.....this is very harsh. Company PR needs to start earning its keep.
Another day of falls - this is relentless and without logic. Any ideas for the reasons behind this?
Whats going on here today, yet another drop
Where do we see this going before a move upwards?
Is there no support for this yet - never though it would dive this much.
Just topped up at these low levels - looking forward to update and climb back
10k loss - so I live and learn. It just goes to show that nothing is safe no matter how large the company or what it provides. All part of investing and the risk it carries. Have had it before with Afren, not a nice feeling but gives you a reality check that a measured balanced portfolio is wise, who knows whats round the corner. GLA
cant sleep :(
So on the basis that some have lost out on what seems to be a certain end to CLLN - do those who have posted their wisdom over the past few days have any good tips where to make up these losses....? Im sure many will welcome this sort of comments after the next 24hrs.
Surely it must be a good sign that its taking this long?
UK GOV have done many things which have been classed as toxic - nothing new and does not mean a thing.
'If Carillion fails it will incapacitate the nervous system of the country as it�s involved in so many projects,� says City expert Justin Urquhart Stewart, of Seven Investment Management. �We cannot afford for it to fail.� http://www.dailymail.co.uk/money/news/article-5266211/Crisis-ridden-Carillion-critical-list.html
http://www.unitetheunion.org/news/unite-calls-for-urgent-inquiry-into-feared-carillion-collapse/ Only a full and rapid public inquiry will get to the bottom of this, and set us truly on a course to stop such taxpayer rip-offs happening again DOES THIS MEAN THERE WILL BE GOV HANDOUT? The country's biggest union, Unite, has called upon the government to announce an inquiry into why services giant Carillion is on the verge of collapse. The call comes as talks are underway today (Sunday) in Whitehall in an effort to stop the company going to the wall. Commenting, Jim Kennedy, Unite national officer for local government, said: "What is being discussed behind closed doors today has a real impact on each and every one of us. "Public services, vast amounts of public money, thousands of jobs - including in a lengthy supply chain of insecure agency workers who are also at risk - and workers' hard-saved pensions are all in danger of being dragged under by yet another bout of reckless corporate irresponsibility. "There are also serious questions that need to be asked and answered about Carillion's conduct. Did directors move to protect their bonuses before the financial stability of the company? Has the company mushroomed because it built its business on unrealistic undercutting and blacklisting? Why did the government continue to hand over public money to a company that had issued repeated profits warnings? "Only a full and rapid public inquiry will get to the bottom of this, and set us truly on a course to stop such taxpayer rip-offs happening again.
Bought in this morning on the bell - this was well over done and some good value to be had here still.
At these levels it looks good. But concerns about long term prospects and growth. The retail sector is taking another battering recently with both House of Fraser and Debenhams, I bought in to Debenhams as I feel out of the two it has be the best chance of survival and future success, Mothercare seemed to be used as a showroom where customers go and test out all the goods and find equipment to buy online, although many now realise returns and warranty claims are difficult with online sellers and Mothercare offers a more personal and direct face to face service which has strong merits when you are new parents. I personally see this as a buy - albeit a slight punt. I don't think landlords will want empty units so will renegotiate if troubles ahead and further cost cutting and promotions are required. GLA
Looking strong and heading the right way. Will still look to top up at these levels. GLA.
have just bought in at these low prices
Thats a massive show of confidence and market will take this back to over �1 and beyond fairly soon. Once it starts getting some news coverage and tipsters jump on board - new money will pour in.
Strong day so far - does market know that results are not as bad as we expected? Thoughts....