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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Luminar Grp | LMR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.71 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.71 |
| Top Posts |
|---|
Posted at 26/10/2011 16:36 by hotfinance14 Just seen the rns...as predeicted share price to be zero soon.RIP LMR. |
Posted at 25/10/2011 10:06 by hotfinance14 There are two three clubs next to eachother in Stevenage all owned by LMR...they have all been closed in the last 2 months I am informed. |
Posted at 25/10/2011 09:48 by lucky punter Is Jongleurs a sell out. Not my experience from the Watford Site, generally very quiet much like the Oceana. Jongleurs was never very popular when it was over the road above Lloyds.Whether an inquest finds LMR at fault or not does not really matter as the nett effect on the nightclub business is negative. LMR as a group have failed to evolve, all to late now. There will be nothing left for shareholders from any deal to roll the debt over. I do hope the clubs can stay open because the Town Centre locations can be nothing else and will remain empty for years. Out of town is not so bad as the buildings are largely temporary. |
Posted at 28/9/2011 08:10 by lucky punter jeffian I know exactly what you meant but the executive management failed to release control to the club managers (until about two weeks ago for a few of the clubs). The exec had such tight control over the method of local management. Every club was run to a National model. Why should a club in a Northern Uni town behave the same way as a club in Watford or Milton Keynes.Why employ Managers who are not allowed to manage, this industry is all about knowing your punters and giving them what they want. This is not the only industry that has been hit with regulation and legal changes but the exec failed to meet the changes. I do not hold LMR, never have as I have first hand experience of the management structure and their failings. |
Posted at 27/9/2011 17:45 by bahrain2 Looks to me like the banks / major shareholders have asked LMR management to test the waters and see what price could be got for the estate - the answer is currently - not a lot. So the banks and major institutions are now getting involved in a debt for equity swap. Obviously this dilutes shareholders, but if say only £20m of debt is left over after say a 80% dilution, then existing shareholders will start to benefit as the less indebted company continues to improve LFLs, which have been getting closer to zero throughout the year. October - December could at this rate be positive, so I reckon the banks will now have no option but to extend the banking facility further into New YEar whilst the swap is arranged. They are going to set the stock at an attractive enough price so that they can recoup some of their losses. Yes, current shareholders will be diluted, but not perhaps proportionately to the current share price which values the stock as definitely going bust. Yet administration is not the option currently, and the debt for equity deal looks like it is pretty clearly on the table now. The question is whether or not it is worth buying stock at the current prices of 1p? I think the dilution would not have made ordianry shareholders stock dilute to 1p so we are oversold which is why no doubt so many have bought today. |
Posted at 27/9/2011 14:15 by hotfinance14 Down 50% in one day.RIP LMR. |
Posted at 23/9/2011 12:03 by hotfinance14 Now at my predicted price of 2p per share.At a leisure park in Herts LMR have closed down 3 clubs in the last 4 weeks. Next target...1p. |
Posted at 20/9/2011 12:33 by bahrain2 I understand that LMR is now speeding up Jongleurs across as many of the venues as possible, as well as increasing the number of WooWoo bars. This all increases the time consumers now spend at the clubs and must lead to increased revenue.I wonder if the decision makers of the banks spend any time at these clubs? |
Posted at 19/9/2011 11:05 by bahrain2 Morning Advertiser article noted. However, sensationalism sells newspapers as we all know, and if you look back a year, it is like we are standing still - at that time there were great worries that banking covenant tests would be failed, and that trading was going to be poor leading to a number of venues being closed. Are we in that different a position now? Then and now, the supportive position of the banks was being stressed, and it does remain the case that the banks are keeping Luminar going currently. It is not clear however how close or far away LMR are / were in failing their covenant tests during the year, therefore it is unclear how close they are to being able to trade within them when they are tested next month, if trading since start of September does improve? At some stage, if trading begins to improve enough, banking worries will surely dissipate? Given that LFLs are starting to look like they may be moving towards positive territory, and that trading in September appears to already be ahead of last year's, I am really unsure if a refinancing is going to be needed, especially given all the venue closures and staffing cuts. Yes, these are draconian, but fixed costs are now being cut to the bone which must aid profitability..... |
Posted at 12/9/2011 16:04 by bahrain2 Is this going to go under 2p?Is LMR going into administration? Is a deal possible with creditors / HMRC? Will the banks extend the banking facility past 27th October? Will LMR's initiatives from now until the New Year be sufficient to offset the covenant tests due? Can LMR trade out of this hole? These are real questions that we need answers to - in the meantime, is it worth buying the stock at 2.5p a share? |
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