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LMR Luminar Grp

0.71
0.00 (0.00%)
28 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Luminar Grp LSE:LMR London Ordinary Share GB00B2423069 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.71 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.71 GBX

Luminar Group (LMR) Latest News

Real-Time news about Luminar Grp (London Stock Exchange): 0 recent articles

Luminar Group (LMR) Discussions and Chat

Luminar Group Forums and Chat

Date Time Title Posts
26/10/201115:44Luminar with Charts and News783
24/10/201111:41Jongleurs news-
18/10/201112:35Buyers keep on buying-
14/10/201110:14Where have the buyers gone?1
06/10/201112:42Calvin Harris update-

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Luminar Group (LMR) Most Recent Trades

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Luminar Group (LMR) Top Chat Posts

Top Posts
Posted at 26/10/2011 15:36 by hotfinance14
Just seen the rns...as predeicted share price to be zero soon.RIP LMR.
Posted at 25/10/2011 09:06 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 08:48 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 18/10/2011 12:35 by bahrain2
Buyers keep on coming in, yet the price stays unchanged or even falls slightly. How is this possible? On Level Two, there is no further trade, so why is the price not rising?

Obviously a lot of stock left with marketmakers following recent declines in the stock, but there has been a lot of buying last week, and this week looks like it is going the same way! Yet the price refuses to move.

Time for the market to play catch up with this stock - it is still thinking it will go bust - yet the recent RNS points to a stabilising performance which if it carries on, will lead to positive like for like sales compared to this time last year.

Update on 27th should hopefully confirm that the stabilising of trade is continuing apace, perhaps even picking up some steam? will the market wake up then to this stock?
Posted at 27/9/2011 16:45 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 23/9/2011 11:03 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 12/9/2011 15:04 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?
Posted at 25/8/2011 07:46 by hotfinance14
As i forecast the share price would soon be below 5p and it is.

LMR revenues are down 11.7% over the last 25 weeks and they partly blame the London riots...LOL.
Posted at 30/3/2011 12:35 by bahrain2
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.
Posted at 10/6/2010 09:17 by bobsidian
And that is appreciated.

I was just providing some current context to tax recovery. This liability has existed for some time and there is no reason to suggest that this could be a reason for the inexorable decline in the LMR share price.

LMR did raise substantial funds and have retained these for use. Their own debt profile and its maturity is a different question.

If the tax position is approaching resolution whilst debt maturity is increasingly becoming an issue, then the reaction by the share price of LMR would be understandable.

But as always any private investor would be the last to know about prevailing circumstances.
Luminar Group share price data is direct from the London Stock Exchange

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