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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Topicus.com Inc. (TOI $192.00)
- $192.00 P/E (TTM): 101.79X Cap: $24.92B
- View TOI Profile
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- View Reports on TOI
Lumine Group Inc. (LMN $51.94)
- $51.94 Cap: $13.32B
- View LMN Profile
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Q: When will institutional investors be more able to buy Topicus and Lumine? If the companies decide to list on the TSX ? Thx

Read Answer Asked by blake on July 21, 2025

Constellation Software Inc. (CSU $4,916.44)
- $4,916.44 P/E (TTM): 104.1X Cap: $104.49B
- View CSU Profile
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Topicus.com Inc. (TOI $192.00)
- $192.00 P/E (TTM): 101.79X Cap: $24.92B
- View TOI Profile
- View Questions on TOI
- View Reports on TOI
Lumine Group Inc. (LMN $51.94)
- $51.94 Cap: $13.32B
- View LMN Profile
- View Questions on LMN
- View Reports on LMN

Q: Topicus and Lumine shares are hitting all time highs, which is Awesome !!!

But, at the same time, the parent Constellation Software stock has been struggling to break back above $5,000 level and still trading well below its high of $5,332, reached in May, this year. CSU shares seemed to have lost momentum, right after its last earnings release and have n't recovered, since.

What has caused the recent sluggish pattern with CSU ? Do you consider this trend, simply short term ? Are there any near term catalysts ?

Also, curious, what percentage of Constellation's market cap comprises of its ownership in TOI and LMN ( present and any future conversions ) ?

Ignoring any personal advice, would you be comfortable and consider an ownership of CSU,TOI and LMN at 10%, 4% and 4% levels, respectively, as a decent mix, in a Balanced Portfolio with a Growth bias ?

Thank You

Read Answer Asked by rajeev on July 21, 2025

ARC Resources Ltd. (ARX $26.95)
- $26.95 P/E (TTM): 12.04X Cap: $15.76B
- View ARX Profile
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Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $49.34)
- $49.34 Cap: $18.65B
- View BEPC Profile
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Topicus.com Inc. (TOI $192.00)
- $192.00 P/E (TTM): 101.79X Cap: $24.92B
- View TOI Profile
- View Questions on TOI
- View Reports on TOI
Brookfield Corporation Class A Limited Voting Shares (BN $90.77)
- $90.77 P/E (TTM): 240.69X Cap: $152.08B
- View BN Profile
- View Questions on BN
Lumine Group Inc. (LMN $51.94)
- $51.94 Cap: $13.32B
- View LMN Profile
- View Questions on LMN
- View Reports on LMN

Q: Hello,
Any idea why Lumine Group and Topicus are surging? Lately Arc resources has been going down and is it simply due to the price of natural gas? Also, i was thinking i am down alot on brookfield energy partners from the time i bought it, should i stick to it for long term or take a loss and move the monies into the parent company? Thanks very much

Read Answer Asked by umedali on July 18, 2025