wineberry
19 Oct 2017
Bought The recent update from Motley Fool said, inter alia, "Luceco is a fast growing company in a competitive but lucrative market with significant manufacturing advantages over many of its rivals. It's difficult to value a business growing so rapidly in a short space of time, but as part of a diversified portfolio I think the risk-reward potential here is favourable" I've bought in with a modest stake at 229p
Hardboy
10 Oct 2017
Re: re
rice rise Thanks Wine,Obviously my original question was about the movement 5 weeks ago or so, but it does seem to have been leaping about a bit in the last few days. I'm still waiting in the sidelines in the expectation of a large share sale, but if that does not come I may get back in in a few weeks, if the sp has not sky rocketed.
wineberry
09 Oct 2017
rerice rise This might have something to do with a 'buy' recommendation by Motley Fool in their Hidden Winners category, repeated after company update.
Hardboy
04 Sep 2017
Price Rise Anyone know what's got into the share price in the last 2 days?I've taken profits in anticipation of some share dumping by the main share holders after the lock in period ends.
Hardboy
25 Jul 2017
Pre close trading statement Brief and to the point, but a full order book & sales & profits up around 25% the future looks good.
Hardboy
25 May 2017
Trading Update Reassuring. Momentum continued; full year should be slightly higher than expected, so I guess trading around the mid 200s is a fair price range, until the next update.
Hardboy
03 Apr 2017
Finals Look excellent, but they were expected to be (it was trading on a historic PE of around 48) I suspect though these will still please the markets - sales up 30%, all 4 divisions providing double digit growth rates, adjusted EPS more than doubled. Net debt greatly reduced (but this is largely due to the IPO.) The current year has started better than expected. They have a strong order book & a strong product pipeline. Even with the strong growth in profits, the current share price looks a little high, (PE around 23) but this is obviously because growth is expected to continue strongly, so it will be interesting to see how forecasts for the current year are revised. Current forecast is for a EPS of about 10, which makes current price fair. I'm guessing 220-250 is the kind of range we should see during the year. One thing I'm wary of is September - the anniversary of the listing - when lock in arrangements are lifted, and some original shareholders may decide it's a good time to take some profits.
