Hardboy
29 Jan 2020
Manufacturing Does anyone know where Luceco’s manufacturing base is in China? I’ve tried their website and it just says China. It could be pretty critical.
john.horn1848
30 Jan 2019
Luceco might be ok Seems like debt is under control and margins back to normal. if revenue growth can return that shares look very cheap. no ?
NoQuestionMarks
10 Sep 2018
The Bottom (for now) The market seems fairly happy with this mornings half year results. I didn’t. Sold out at 49.4p for a 16% profit.
NoQuestionMarks
10 Aug 2018
The Bottom (for now) 38-40p is looking like the bottom to me. Results could change this dramatically one way or the other, but until then I’m thinking that buying at under 40p (preferably under 38p) is a risk worth taking.
NoQuestionMarks
23 Jul 2018
Who is the big customer? Thanks Robert.
roberthsmith
21 Jul 2018
Who is the big customer? It will be Kingfisher for sure. B&Q and Screwfix by far the biggest but also biz with their European stores under other brands
NoQuestionMarks
16 Jul 2018
Who is the big customer? At the bottom of page 106 of the annual report we are told that a single customer comprised 30% of the 2017 sales and 33% of 2016. Do any of you know who it is? Screwfix?
numberbiter
23 May 2018
Down more than 50% This share traded at 128p when I first rated it a strong sell. Anyone analysing the accounts would have known stocks were overvalued and it was this admission that caused the price to fall to this 128p. But now it is down to 60p, so has lost over 50% since my strong sell recommendation. Even at this low price I would still recommend a sell as investors have still not been advised what the real stock valuation is.We have a major problem with auditing standards these days and the regulator for audits, the Financial Reporting Council (FRS) has been rightly condemned by MP's as 'useless and toothless'.If you have lost money on this share, my advice is to write to your MP complaining that investors are unnecessarily losing money because of poor audits. The BIg Four are an effective cartel and need sorting out.
numberbiter
08 May 2018
Re: Finals 17 Hardboy, you really should know better! If you look at Conviviality's record, you will see the CEO and CFO bought a substantial number of shares just before the company went bust. When the CFO buys shares in a company where the accounts do not seem right, it is usually to persuade the market that everything is OK to give him more time to put things right. However, the market does not usually fall for it, hence the fall in today's price.
Hardboy
02 May 2018
Re: Finals 17 Always appreciate your analysis, Number, but here we have you saying the accounts don't look pretty on one hand and on the other hand, the new CFO, who should already understand the accounts better than anyone else in the world, and understand the reasons for the deficiencies you highlight, shelling out £50k on shares in the company.
claude reins
02 May 2018
Re: Finals 17 Thanks foor that. We will see. At the moment licking wounds - and they dont taste good!
numberbiter
02 May 2018
Re: Finals 17 Claude, you are spot on. Investors holding this share should take advantage in today's surge in price and sell now. Inventory days at 135 still suggests they are valuing obsolete inventory or that sales are much lower than expected. Either way, the number is too big. Then debt has increased a lot, despite creditors being paid slowly (inflow on cash flow statement). These accounts are not a pretty sight.
Hardboy
01 May 2018
CFO Buying Nice to see the new boy dipping in his pocket to support the cause - to the tune of £50k. Sends a message of confidence
Hardboy
01 May 2018
Re: Finals 17 You could be right. I certainly didn't mean to imply it's not worth considering; but it would cost them a lot of money to take it private - they'd have to buy 80+ million shares, which even at this lower price would wipe out the gains they made from the IPO - and it's a lot of hassle to break even. I just don't see that it's logical.
NoQuestionMarks
01 May 2018
Re: Finals 17 Why the IPO?"The Offer is expected to raise gross proceeds of £67.1 million for the Selling Shareholders, comprising EPIC Investments LLP, certain Directors and members of Luceco's management team."As I said it is just a feeling I have that managements interests are not completely aligned with shareholders.I am probably being over cautious, but it is my money, and my opinion.
