Q: Hello, Lumine shares have rallied almost 20%, since TD initiated coverage on Nov 14, with a BUY rating and $28 price target. Based on its present valuation and growth prospects (5-10 years), vis-a-vis, CSU/TOI, would you be comfortable increasing current position size of 1.75%, even after the run up ? Or would you suggest to add to 3.50% TOI weight ? ( CSU, already being a large weight ). Thank You
5i Research Answer:
We have some comments posted on LMN this morning. We can't comment on personal weightings, but with the price rise it is about a 2% position in our growth model, and we would be comfortable probably up to 3% in the short term. We would prefer LMN over TOI today.