LUM 0.00% 2.3¢ lumacom limited

buy rec from e.l. & c. baillieu stockbroking

  1. 1,644 Posts.
    LUMACOM (LUM)
    We had a presentation from LUM's US JV partner Totius Group in our Melbourne offices yesterday. Rob MacMillan Totius's Executive Managing Director outlined what they were hoping to achieve in the North American and other markets with LUM's innovative products. He also updated us on several different negotiations that they are currently involved in for new orders of Lumacom screens.

    Totius has been put together by a number of well connected New York Property, Legal, Investment Banking, Advertising and Screen Media experts who have direct access to decision makers in the property and outdoor advertising markets that should help LUM get orders for screens and advertising contracts that will allow them to enjoy recurring income in addition to profits from screen sales.

    LUM shares are currently trading at 38c and will probably mark time or drift lower until new orders for screens are announced.

    SPECULATIVE BUY.

 
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