skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. LMN: I am wondering why when Topicus was spun out in January 2021 the book value was ~ $ 61 determined by my brokerage firm, yet when Lumine was spun out the value was determined to be . [Lumine Group Inc.]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I am wondering why when Topicus was spun out in January 2021 the book value was ~ $ 61 determined by my brokerage firm, yet when Lumine was spun out the value was determined to be .01?
Also when does Lumine report their next quarter? Thanks
Jeff
Asked by JEFF on May 31, 2023
5i Research Answer:

The Topicus book value was determined to also be near $0. From the company: It is our assertion that the value of the business has been ascribed to the preferred shares and hence the value ascribed to the subordinated voting shares (SVS) is nominal (close to zero). This is similar to LMN. LMN reported May 15 and won't report again until August. 

Let us help YOU reach your financial goals today!

Start your FREE trial today and enjoy all the benefits of a 5i Membership including:

  • Access to a team of experts ready to answer your investments question 
  • Instant access to over 100,000 archived questions
  • A community of like-minded investors
  • Peace of mind knowing that 5i Research has only YOUR best interests in mind