We met with LUM management yesterday to discuss their new screen deals in Scandinavia. The deal is for two Lumapanel signs and one full video Lumasign. LUM will not disclose details of revenues per sign at this stage but say the deal is similar to their Barcelona screen.
We expect that once LUM has several screens in place they will release more detail on revenues but will not disclose individual deals because of the commercial sensitivity.
The successful launch of the Barcelona screen has seen a large leap in interest in LUM's products and management are confidant that they will soon be able to announce more screen deals. Our background research note on LUM is attached.
SPECULATIVE BUY.
LUM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
