1. Most Discussed
  2. Gainers & Losers
LUM 2.3¢

maybe something is happening

  1. watso

    19,269 posts.
    lumacom was sold down during the week, to as low as 22c. the shares have since recovered,and are now 27c. i may be wrong, but there maight be something in the air - a positive announcement maybe ????. i have no idea, and will not be buying any more. it is a far fetched call, but it would not surprise me, to see this stock trade at $5, within a year or two. of course, if i were certain, i would buy more. as it is, i have bought in at 7c.

    as a sign of confidence in the technology, the european joint venture partner, has underwritten the cost of the first sign which was $1m. the expected payback period, is something like 12 - 18 months. this amounts to great confidence in the product. if one were to think of all the cities in the world, and all of the buildings in these cities, and all of the advertising that one sees on these buildings, then it would only need a very small part of the market, for this company to be extremely profitable.

    the signs, that i have seen in perth, are head and shoulders above the competing signs. obviously, the joint venture partners think the same (i hope)

    happy punting, or speculating, if you buy. if you loose your money, then that is the way it goes, but this has the potential for big returns, and it is not exactly "pie in the sky"

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top