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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Luminar - Prospective PE just 6.8

June 2003

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 late night entertainment industry is another suffering from the effects of overcapacity with shares in even the most resilient operators reacting badly to the difficulties of their heavily indebted rivals.  But this state of affairs often creates opportunities to buy  into well-managed,  well-financed companies at extremelyattractive levels.  One such opportunity is market leader, Luminarwhich trades through 305 units across the UK. In spite of a recent bounce in its shares they trade on a prospective PE of just 6.8.   Luminarwas an early exponent of the "chameleon" concept, with its original  Chicago Rock Café format, which  comprises  a  bar, restaurant and night-club,  emp ...

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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