Lighthouse Share Discussion Threads

[trader2] 23/5/2014 09:31

Graham - just caught up with the many MoneyMarketing articles on LGT. All the Board deserve real credit for these past years is for lining their own pockets.

Why I leave them in my dog drawer I often question. Why institutions take new positions amazes me.

[graham1ty] 13/5/2014 16:07

hxxp://www.moneymarketing.co.uk/news-and-analysis/advisers/lighthouse-shareholders-oppose-director-pay-and-bonuses/2010139.article

Everyone seen this article ?? Shareholders objecting to Board room bonuses

[trader2] 24/4/2014 10:05

Wow - Director bought about £900 pounds worth of stock. Hope he took advice from a reputable IFA before taking on so much risk.

[cwa1] 24/4/2014 10:01

Minuscule director purchase announced:-

Director Dealing

The Company announces that it was informed on 23 April 2014 that the following purchase of ordinary shares of 1 pence each in the Company ("Ordinary Shares") was made by a director of the Company ("Director") on 23 April 2014:

Name of Director Number of Price per Resulting Interest as
Ordinary Shares Ordinary Share interest in an approximate
purchased Ordinary Shares percentage
of the Company's
issued share
capital
-------------------- ----------------- ---------------- ----------------- ------------------
Alex Scott-Barrett 25,000 3.75 pence 305,000 0.24%
-------------------- ----------------- ---------------- ----------------- ------------------

[trader2] 24/4/2014 09:17

Price moves on no published trades. The joys of illiquid shares!

[trader2] 03/4/2014 11:24

Encouraging 3m top-up by Web Capital..



Funds look to be doing well. Assume the 3m got traded off-market. What did Peter Webb see that made him buy?

[graham1ty] 25/3/2014 17:25

Just reminded myself 68% is in declared, or Directors hands, so the free float is about £1.5m. Trader, 0.1% of the free float changed hands. Wow !!!

[graham1ty] 25/3/2014 17:23

They have always said that this is a period of change and they would say something when they had something to say. To me they said that would be after a year of post-RDR so they could see the lie of the land, had a better feel for what their advisers could get away with charging, see how many qualified and how many dropped out, see how long the tail of mis-selling claims would be etc etc and then, only then would they shout from the rooftops. Well, we are 15 months after RDR and they have nothing to shout about. Or at least, they give the impression that they have nothing to shout about.

There are only three times a year a Company can make "ordinary" announcements, the Finals, the AGM and the interims. Having said nothing constructive today it will be the AGM next, so dead in the water for at least another couple of months. Oh dear

[cwa1] 25/3/2014 17:02

Indeed Graham1TY, no sense of purpose, excitement or endeavour really. Quite disappointing. Tho' I suppose when(if) they something is even mildly positive we can sit up and take notice!

[graham1ty] 25/3/2014 16:47

The statement was devoid of "flavour", of hope......they have been restructuring for c5 years around RDR and there is still no indication of whether they are positive or not !! if you look at an earlier post of mine.....there has been no Director buying for 5 years. Perhaps when that happens we will know this might generate some interest....

[trader2] 25/3/2014 16:20

And... the market reaction to today's results.... Well (at nearly close) we have 1 bargain showing at a deal value of around £1300.

[graham1ty] 25/3/2014 07:45

It is so difficult to make head or tail of the results. Provisions left right and centre. Ebitda positive, which has to be good. Cash position still massive, but saying all but £2m tied up as regulatory capital, so no divi. But overall, still no signs of optimism on the profit front. This is a very large IFA business, with all the right affinity connections, winning all the business, restructured for the future.....and making no money

[cwa1] 25/3/2014 07:17

Results released:-

[trader2] 19/3/2014 15:19

Dramatic Budget impact on the Insurers this afternoon - loss of Annuity business? Any impact on LGT - more business advising on Pension Drawdown perhaps?

[graham1ty] 30/1/2014 14:55

I repeat my comment above ( post 522). We will know this is on the way up IF, IF, IF a Director ever buys shares. Despite being told at the delisting fiasco that the shares were ridiculously undervalued at 5p ( as it was then), no Director has bought a single share since 2009

[graham1ty] 30/1/2014 14:53

I have said this before: I wish they would give some context to their announcements........is this significant, is it price sensitive ? Who knows !!

[trader2] 30/1/2014 08:58

Apple based App sounds good in principle - so long as well implemented. Like the targeting of "Middle Britain". Not an RNS that has stimulated any trades - so far.

[cwa1] 20/12/2013 07:16

Sale of interest in subsidiary company



Lighthouse, (AIM:LGT) the largest listed UK IFA advisory business, announces the sale of its 50.1 per cent. holding in the shares of Deverill Black & Company Limited ("Deverill Black"), a subsidiary of the Company and an Appointed Representative of the Group, to Towry Limited.



Having been approached and concluded that the holding was not strategic in nature, the Group accepted the offer made for its shareholding in Deverill Black.



In the last audited accounts (for the year ended 31 December 2012 or as at that date) Deverill Black recorded a profit before taxation of £44,173, a profit after taxation of £29,506 and had net assets of £152,891, with the Group's share being 50.1 per cent. of such profits and net assets.



The gross consideration (before costs) from the sale amounted to £501,000 and was paid in cash at completion. These funds will be retained within the Group as part of the Group's overall working capital resources.

[graham1ty] 11/12/2013 10:22

Tradder, before u get too excited, it was c 3.25p-3.75p......is now 3.75p-4.25p.......so offer to bid, not really any change yet.....

Do not get me wrong though, any move up might show someone focusing on LGT for the first time for months

I have just checked Director's interests:

Dec 2009 to date, almost four years

Malcolm + 466,000 in 2010 but a free allotment from the Gaze Settlement ( his total holding is worth £78,000)
Richard............no change.........
Peter Smith...........no change
Alex S-B.................no change
Mark Ross has no shares at all !!
So, not a single share purchased by any Director since December 2009

Would be good for Director's to dip their toes back into the water one day....

[trader2] 10/12/2013 14:28

Mid price up 17% over 1 and a bit trading sessions? Life in the old dog. Wonder wassup?