Updates

Luminar

December 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Luminar rose almost £1 during the past few weeks and now stands at a useful premium to our last update note in June. Most of that came on the back of H1 results to 31 August although it wasn't the financials which caused the excitement but more the news that after months of waiting, plans were finally advanced to divest the entertainment division (comprising the 74 Chicago Rock and Jumpin Jacks units). Following the disposal, Luminar said it intends to then return any surplus funds to shareholders in addition to the £70m it had previously earmarked for share buybacks (£2.4m has been spent to date). The disposal would leave Luminar with a continuing business operating late night dancing venues, with 94 core units ...

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Revenue Assurance Services

March Networks

Luminar (June 2006)

Luminar (April 2006)

Luminar - Breaking itself up (July 2005)

Luminar - Improving picture (December 2004)

Luminar - November review statement expected (August 2003)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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