Luminar Group Share Discussion Threads

[bahrain2] 04/4/2011 09:57

LFL's continuing to improve from -20% approx last year. First quarter looking closer to -11%, and with a decent April, should be getting closer to positive territory by July time.

Time to buy in advance of May's annual update.

[hotfinance14] 30/3/2011 16:34

The profits will be ver low.

[bahrain2] 30/3/2011 13:35

Time for rally to begin

May 2011 results should at last demonstrate that LMR is beginning to successfully turn things around. Like for like sales should be in low negative figures, trending towards positive levels. Current liabilities will be greatly improved as a result of the new banking facility. Last year, this was shown in the accounts as £140m, this year should be £99m maximum, and given that net debt as at October 2010 was £85m, there should be a material improvement in liabilities in May. There should also be far less writedowns. The main asset writedowns arose last year - this was why the share price collapsed, however, this could be about to start reversing sharply.

As I understand it, LMR is still trading profitable, and the banking facility is now also being improved. I think these results could mark the turning point but also lead to a takeover if the price does not start moving up a bit soon.

[baldeagle5] 14/3/2011 21:04

Looking at the volume today either the seller is getting close to being completed or there is stakebuilding going on here.....maybe both!

[baldeagle5] 11/3/2011 21:34

strong signal - directors buying ahead of results.

[jeffian] 04/3/2011 10:19

btw, baldeagle, weren't you the guy talking up 'bid prospects'? How does that sit with Directors' share purchases?

[jeffian] 03/3/2011 22:59

I do, baldeagle, I do.

[baldeagle5] 03/3/2011 18:45

jeffian - you back here again? turn it in mate!
If you look back, there has been sustained directors buying for the past 9 months. draw your own conclusions

[jedad] 01/3/2011 13:58

chairman of connaught bought 50k @1.11 on the 9/7/10 the share suspended on 7/9/10....so don't be fooled by director buying...

[jeffian] 01/3/2011 12:51

£2388, £3810 and £9720. They're not exactly betting the farm, are they? Directors' share purchases can signal all sorts of things in the range from 'cheap buy' to 'desperate support'. Time will tell which this is.

[cockneyrebel] 01/3/2011 11:29

Directors buying today and preclose trading update was March 12 last year.

CR

[leowilliams] 23/2/2011 17:18

I know this company very well indeed and the future is not bright.
A company with poor entertainment,promotion and very cheap DJ's to keep costs down is now having it's toll.
I of all people wish to see this company at least back to around the 100p mark, but their strategies have so far been desperate and dated.

[hotfinance14] 11/2/2011 13:11

Many there age would go clubbing every week...now its once a month. I talk to these people..they dont have the money.

[rheiner] 11/2/2011 11:49

hf :- Well you are wrong or you are right but what about the 80% who are not unemployed?

[hotfinance14] 11/2/2011 11:16

Rhener..get in the real world.This will never recover.Did you know 20% of 18-25 yr olds are unemployed.

[rheiner] 11/2/2011 11:08

Imagine that LMR at present priced to go bust at 15p does not actually do so ! It slowly keeps recovering over the coming years and returns to its previous £8 ! Won't happen in 5 minutes but whilst still alive it is not absolutely impossible. Potential gain considerable you could say and possibly worth a small punt.

[cockneyrebel] 02/2/2011 10:16

Given up on these in the past week - easier, safer, faster money to be made elsewhere in this market I suspect.

CR

[jeffian] 13/1/2011 16:40

I can't think what they were, other than of the 'not quite so dire as you might have expected' variety.

LMR actually need to stabilise the downward spiral of their business. They are still nowehere near doing that and the best they can say is that the trend of downward spiral is flattening slightly if you take out the effects of the weather.

("Excluding those weeks affected by the weather, same outlet sales for the 12 weeks to 6 January 2011 fell by 13.6% (compared to 16.9% for the 7 weeks to 14 October). Over the trading weeks of Christmas and New Year same outlet sales were ahead of anticipated levels and forecast. Including those weeks affected by weather same outlet sales for the 12 weeks to 6 January 2011 fell by 19.4%. Overall, same outlet sales for the 45 weeks to 6 January 2011 fell by 19.6%.")

-13.6% vs -16.9% (but actually -20%) may not have been sufficient to tempt that commentator to recommend a buy. The clue may be in the title of the publication - Growth Investor.

[she-ra] 13/1/2011 15:44

jeffian - I counted about 3 positives in that trading statement he didnt touch on any of them.

[jeffian] 13/1/2011 15:12

In what way?

[she-ra] 13/1/2011 15:02

muncher1000 - I think he must have a short on Luminar or something as it did not seem a well balanced report.

[cockneyrebel] 13/1/2011 10:34

Up more than I expected on that statement - but I'm not complaining.

CR

[hotfinance14] 13/1/2011 10:34

How can they recover this business ? VAT has just increased to 20% which will add to the business finance problems.

[rheiner] 13/1/2011 09:35

LMR was £8 four years ago. At 16p if they recover [and they are evidently working at it], there could be a lot of profitable price increase for those prepared to take a risk.