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Luminar - Bullish trading statement

February 2004

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.

The shares had a strong run ahead of Luminar issuing its trading update covering the key five week period to 4 January, with modestly better sales on the back of refurbishments and year-on-year margin improvement. Total group like for like sales declined by 3%, an improvement over the 4% decline reported in the half year.The benefits of the investment programme have started to come through, with the units that have received accelerated investment, improving like for like sales. In particular, The Chicago Rocks responded strongly to increased spend on refurbishment: like for like sales declined marginally by 1% during the period compared with the 10% decline reported for the half year.  On an uninvested basis there was a 1% im ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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