Luminar Group Share Discussion Threads

[greedfear] 10/12/2010 11:18

adam I think you're spot on. sold too. almost no cash left imo.

[adam] 10/12/2010 02:33

I sold a couple of weeks ago for non stock specific reasons.

However the new bank facility announcement has made me wary of looking to get back in.

Bank loans were £140m, and cash was £44m at last results with LIBOR + 0.75% as the interest rate. So the current facility of £99m implies the banks took the cash and stuffed them with higher interest rate, not to mention the £8m fees.




They have also geared the covenant restrictions in such a way that LMR have to rapidly decrease the facility - which will make it difficult to improve the estate. It is being run for cash by the banks. The equity then seems to me even more dangerous than before.

[sander4709] 10/12/2010 02:08

she-ra.

What are you smoking?

[cockneyrebel] 09/12/2010 19:04

Well it's gonna be a slog - don't think I'd want a life changing wadge of these but happy to see how they go with a reasonable few in the pension.

Not sure I'll hold for that 25p tho :-)

CR

[jeffian] 09/12/2010 16:04

New bank facility seems quite onerous to me. Last reported net debt was £85m (total borrowings £140m) and they are required to repay £84m loans over 3 years. They've managed to reduce debt by £20m over the last year but that looks to me like a pretty fierce repayment schedule. Won't leave much for investment in the business! Smells to me as if the banks are going to milk it hard for cash; still seems touch & go whether the patient will be able to stand the treatment.

[deanroberthunt] 09/12/2010 12:27

I feel a turnaround unterwegs

[babysitter] 09/12/2010 09:04

significantly bank warrants are priced at 25p. so the banks are confident share price will exceed 25p in due course.

[rheiner] 09/12/2010 08:49

Safe for the next three years apparently so recovery now more probable. Worth a punt just in case past highs are ever re-visited.

[cockneyrebel] 09/12/2010 08:29

Good news on financing today :-)

These banks must be making a fortune, £8m charge and a stack of warrants - over a barrel or what?

CR

[mechanical trader] 01/12/2010 01:10

wont last long.

[deanroberthunt] 30/11/2010 12:18

lots of infighting here at camp Luminar....

otherwise chart seems to be turning up again.........

[she-ra] 23/11/2010 16:15

Whats taking the time with this documentation?I think some people are wondering why a load of selling of Luminar shares is the only thing that has happened since that statement.

[1nv35tor] 23/11/2010 12:23

how are you expecting luminar to trade during decmeber. anyone here feel it will rise

[scott84] 17/11/2010 13:41

13.5p bid, bet CR sold at the recent high lol :-))