new substantial shareholder

  1. 2,239 Posts.
    Looks like one of Ingram's Hong Kong mates just picked up 7.5% of LUM at 1.1c.

    Becoming more obvious by the day that LUM will merge with a Hong Kong company sooner rather than later. Only questions which remain are:

    - When
    - Whether Ingram is going to try and get the best deal possible for LUM and its shareholders(he has a large chunk himself) or whether he'll be "bought out" by the Hong Kong connections and is just trying to get LUM share price as low as possible. So either LUM share price is going to get pushed up or down very soon, IMO.

    Exciting times ahead for LUM, even if the LUM share price only fluctuates parts of 1cent
 
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