Review of Lumine Group Inc.

JUL 16, 2024 - The story of LMN as an “early CSU” remains largely intact. There is room for improvement in terms of organic growth. CSU’s group of companies have mostly been very conservative when it comes to debt financing. We think putting slightly more debt on the balance sheet to do more acquisitions totally makes sense given the recurring revenue business model. We think LMN’s story remains intact, and we expect the company can continue to compound free cash flow per share at a decent rate going forward - we are maintaining our rating at B+.

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Q: How exposed are csu, Toi and lmn to Tarriffs? Or is it to their advantage and they will pick companies at good discounts? Thanks.

Shyam

Read Answer Asked by Shyam on March 26, 2025

Q: First of all, thank you 5I for all these companies.

These are my only holdings in tech at the moment.

I have a present LOSS of 3.76% on GLXY;
a GAIN OF 52.08% on Lumine;
a GAIN of 57% on SHOP,
and a GAIN of 19.99% on TOI.

Needless to say, I'm very happy with these returns, even if GLXY is wobbling at the moment.

Do you see this as a good time to add to all/any of these positions at this time, with a quick rationale.

I still have lots of room to add to my tech positions at this time, so if I'm not adding to these, would you recommend another "growthy" company or two.

Thanks to 5 I, I've killed my "Chicken Little" personality from long ago, and am quite comfortable riding out the vacillations of the marketplace. : )

Read Answer Asked by Sylvia on March 20, 2025

Lumine Group Inc. (LMN)

Q: We have about a 3.5% position in LMN and are modestly ahead. Our concern is the number of LMN outstanding shares at 257mm. This compares with TOI at 83mm and CSU at 21mm. It appears that CSU is very conservative on number of outstanding shares as compared to their influence on on TOI and LMN. Greatly appreciate if you could comment/explain this.
Much thanks to the 5i team.
Pat & Cyril

Read Answer Asked by Pat & Cyril on March 20, 2025