Panmure Gordon advises buying Luminar shares at 680p (672p this week). Luminar recently sold its entertainment division for £123m in a deal that doubles the group’s share buy-back programme to £140m, worth 30% of the company’s market value. Panmure Gordon has upped its target price on the stock by 50p to 800p based on the long-term value and improving market position. The Daily Telegraph (Your Money) 16/12/06 page 5 (What the brokers say)