Stock Ideas
This is not a stock recommendation, it is an idea. Used chiefly for myself to keep track of information for future reference. An investor must always evaluate the price of the underlying asset before buying. The key question to ask is!...What is the intrinsic value of the business?
Lumine Group Inc. (LMN - VN)
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Profile
Lumine Group Inc acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. The company's software solutions are designed to enable customers to boost productivity and operate more cost effectively, innovate more rapidly to address rapidly changing market needs and opportunities, grow top-line sales, improve customer service, and reduce customer churn.
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Comments from Stockchase
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Investor Insights
This summary was created by AI, based on 3 opinions in the last 12 months.
Lumine Group (LMN-X) was spun off from Constellation Software and specializes in software for media and telecommunications, as well as corporate carve-outs. The company's pace of acquisitions has been good, and it has shown steady growth. Experts believe it is a good long-term investment with solid acquisition strategy and strong business in software acquisition sector. However, some experts also caution that the stock may be a bit rich at its current price.
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It was spun off from Constellation Software about a year ago. It is in the same business of Vertical Market Software but differs in that it focuses on media and telecommunications and does larger deals. It also specializes in corporate carve-outs, buying a division of a big company. Its pace of acquisitions is good and the CEO talks to the street more than CSU or TOI. We can expect returns similar to those of CSU
Jordan Zinberg, April 8, 2024
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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
Both the increased share count and the loss relate to the conversion of preferred shares by CSU, and the set up was done this way to reduce taxes and faciliate the LMN spin out to shareholders. Both the loss and the share conversion were fully expected and disclosed a year ago, and going forward neither will be an issue at all for the company. We see LMN as one of the best long term buys in Canada. Not risk free, but it has already done very well and its acquisition strategy is working solidly so far.
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Has since sold shares and bought Constellation Software. Strong business in software acquisition sector. Focus is on small software companies with zero competition. Expects strong performance going forward. Good long term investment.
Jason Del Vicario
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Source
https://stockchase.com/company/view/7427/LMN-X
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