Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
We had been bullish on shares in ‘electrification’ products and systems company Luceco (LUCE) but took more than 70% offer price to bid price profits at 267p on the N50 website last month including noting that they were still below 160p as recently as March this year. They since though continued further upwards, most recently closing at 290p, and now an announcement including that the company “continues to expect adjusted operating profit to exceed £40m, with the potential for further significant outperformance dependent on Demand Flexibility”… and the shares currently falling to around 260p?
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