Directa Plus – “pleased… trading in line with market expectations”. What are those expectations though?...
Hello, Share Farmers. This old punter is abashed to say that there isn't much LED lighting at Stacey Towers. Stupidly, the price of a bulb puts me off - even though the saving on power easily outweighs the initial cost. Of course, the rest of the world is not so obtuse and there are signs that LED bulbs are selling like hot cakes. Which should help Luceco (LUCE), which makes them.
A trading statement from LED lighting products, wiring accessories and portable power products manufacturer and distributor, Luceco (LUCE) includes “the group expects to deliver year-on-year adjusted operating profit growth in the second half of 2018. The group's order book has improved and management remain confident in the group's long term growth potential”. So why currently a decline of more than 8% in the share price, to 34p, in response?...
Today saw the second profits warning in three months at Luceco (LUCE). It floated at 130p on 17 October 2017 but here is a more recent timeline to consider.
On 24th November CEO of LED lighting and portable power products and wiring accessories company Luceco (LUCE), John Hornby sold £4.69 million of shares at 234.53p each “principally to settle personal tax liabilities” - and “for further information” it was to “contact David Main, Chief Financial Officer”. Today, three weeks later, there’s a “Trading Update” announcement. All good then you’d presume.
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