Showing posts with label Luminar. Show all posts
Showing posts with label Luminar. Show all posts
12 May 2011
Luminar Annual Results
I bought Luminar back in early 2010 as a turn-around play on the assumption that if (IF) it survived then it might return to average earnings at an average PE, which might be something like 40p and 7 respectively, giving a potential share price of 280p. Currently they're around 9p and I bought at an average of 34p. Yes, obviously that makes me look pretty stupid and with hindsight I'd agree.
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