Updates

Luminar

June 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 remains a sitting duck to a predator with trading continuing below market expectations and almost a quarter of its estate comprising freeholds. Results for the year to February were blurred slightly by the acquisition of 10 large capacity nightclubs and the disposal of 64 units previously classed as non-core. At the year end, the group still had 41 non-core units held for sale. As it was, pretax profit was £45.6m (£43m on continuing operations) based on sales which were up 3% to £296m. Earnings lifted 14% to 43.9p (on a lower tax charge of 17%). A year ago, Luminar was expecting to finalise the sale of its entertainment division which comprises the 74 Chicago Rock and Jumpin Jacks units. The expec ...

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Augean

Interactive Prospect

Luminar (December 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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