Luminar Group Share Discussion Threads

[skookum2] 19/6/2010 16:35

Balanced and interesting article in the FT today basically re-iterating what I said in my posts yesterday but importantly describing the debt issue as benign
Schroders increasing their stake is a positive sign and it looks like the forced selling has dried up.
If anyone has been silly enough to short here at these depressed levels then there could be a real squeeze on if they do re-structure the debt or trading has stabilised at the IMS statement on 13 July

This is not a stock to buy and watch day to day rather a stock to tuck away and hope it multi-bags.

[jeffian] 18/6/2010 17:39

Yes, skookum, another example was Regus RGU (although not in the same sector, another company whose 'assets' were all leases) which very nearly went bust but provided a staggering return to brave investors


I have no idea whether LMR will get through its current difficulties but as you say, if it does, there's an opportunity for those prepared to risk the lot.

[skookum2] 18/6/2010 17:13

Kewll - as Gconvery says - the directors were buying recently and at 29p. If you took the trouble to phone the company and do some research you would learn that they are now in a closed period until after the IMS in July.
Schroders buying is a good sign as they are their largest shareholder.

Very easily see 3-4 times your money on this if trade turns as the covenants will not get breached.
It is actually very simple - lose the lot or the majority of a massively dilutive RI is carried out or multibag your capital if trade turns given the operational gearing. Very similar to MNR a year ago - 10p to 110p+.

[gconvery] 18/6/2010 16:21

Directors have been buying, Schroders just bought more....not sure what RNSs you are reading!

[gimme sunshine] 18/6/2010 16:20

Shroders just added

[kewll] 18/6/2010 16:19

Why are people buying this when the directors and funds are selling?

[gimme sunshine] 18/6/2010 15:15

What up here, into auction

[kewll] 18/6/2010 14:51

Read the last 50 posts on that thread for evidence.

Pump and dump comes to mind

[kiwihope] 18/6/2010 14:40

... no reason for the rise. It will go down as fast as it's risen ...

[skookum2] 18/6/2010 14:30

Kewll - I'd hardly call 2m small volume - this is on a friday and before all the prints are in.

[topnotch] 18/6/2010 14:24

smellyjim>>thats a daft moniker - wonder why he's called Jim?

[kewll] 18/6/2010 14:20

Greedfear good post theres a poster called smellyjim over on the CR thread that has been pumping this today hence the rise on small volume

[skookum2] 18/6/2010 13:47

Looking at the chart these could go to 30p no sweat on a rumour.

[fackson] 18/6/2010 13:42

hi - just watching - brought in this morning on IG just on a whim - but looking good at the mo.....

[bobsidian] 18/6/2010 13:41

greedfear

Referencing your post of 226

Good judgement call.

Once LMR descended into penny share status it entered the realms of "shot to nothing". Interesting to see such stockmarket specialists at work as they try to judge the dead cat bounce and distort the fundamental story to justify the technical move in the share price.

Volume is miniscule and that alone makes the move suspect. Certainly for the brave at these levels.

The art of judging a bottom in a share price move is not an easy one. Witness the difficulties experienced by speculators in shares such as FDL, 888, RPT, UKC or HMV. The trick seems to centre on being able to distinguish between the recovery play and the doomed - the former allows for buy and hold, the latter requires expeditious exit to realise short term gain whilst it is still there.

[topnotch] 18/6/2010 13:28

HELLO...Hello...hello

IS ANY ONE OUT THERE...Out There...out there...

ECHO....Echo...echo...(and the bunnymen)

[skookum2] 18/6/2010 13:27

Well, well..... either tradings improved, the seller is done, they've had a loan covenant re-set or they have a bid approach....

Jeffian - comments?

[topnotch] 18/6/2010 13:18

Chuffing Nora - Now up 26%

[topnotch] 18/6/2010 13:04

Wow! look at them go - thats a fairly lively dead cat?

[robizm] 18/6/2010 13:01

Pherhaps shorts are closing

[gdasinv2] 18/6/2010 12:18

The LMR is on move...a recovery play and very undervalued at the moment

[watchout2] 17/6/2010 18:51

Remember the old days where a holding Rns would be two lines and said
so and so has sold or bought x amount and now holds x % !

Stock market is bolx at times, they do away with trade types as well !

[lufc5] 17/6/2010 18:40

Looks like it's crossed 5% on the reduction.

[watchout2] 17/6/2010 17:59

Seem to go from 7 mil+ to 4 mil +, am i reading it wrong ?



Class/type | Situation | Resulting situation after the |
| of | previous | triggering transaction |
| shares | to the | |
| if | triggering | |
| possible | transaction | |
| using | | |
| the ISIN | | |
| CODE | | |
+ +-------------------------+------------------------------------------------------+
| | Number | Number | Number | Number of | % of |
| | of | of | of | voting | voting |
| | Shares | Voting | shares | rights | rights |
| | | Rights | | | |
+ + + +------------+---------------------+-------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
+---------------+------------+------------+------------+--------+------------+--------+----------+
| GB00B2423069 | 7,372,288 | 7,372,288 | 4,205,788 | | 4,205,788 | | 4.18 |
+---------------+ + + + + + + +
| | | | | | | |