Lighthouse Investors - LGT

Lighthouse Investors - LGT

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Stock Name Stock Symbol Market Stock Type
Lighthouse Group Plc LGT London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 33.25 01:00:00
Open Price Low Price High Price Close Price Previous Close
33.25 33.25
more quote information »
Industry Sector
GENERAL FINANCIAL

Top Investor Posts

DateSubject
26/2/2019
13:26
mrnumpty: Simon Thompson ( the share tipster of Investors' Chronicle ) is impressed with today's announcement , and continues to rate Lighthouse Group as a " buy " .
26/2/2019
07:29
mrnumpty: To find today's announcement : go to Lighthouse Group Plc ; press " About us " ; press " Investor relations " ; press " Announcements research & press " .
20/12/2018
07:22
amt: Brexit worries are crushing smaller Co shares in an indescriminate way at the moment. I am seeing opportunities but sticking to companies which are not reliant on UK economy which appears to be heading for trouble. Yesterday's antics in Parliament don't provide investors with much confidence that those people in Parliament have the ability to sort this mess out.
06/9/2018
14:51
chimers: Helium selling into the retail pump and dump orchestrated by ST at the Investors Chronicle. I wonder how much he was lubbed up by?
20/6/2018
08:38
nw99: Just looking back at all the RNS and the company has won a lot of new contracts . I think it's on investors radar for this reason.
24/4/2014
10:01
cwa1: 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% -------------------- ----------------- ---------------- ----------------- ------------------
24/9/2012
15:05
graham1ty: Below is a para from my letter of 31 August. I asked the company to set out why it thought the share was "heavily discounted". "Shareholders would be interested in any proposals that would increase visibility for the Company and enhance value. These might include a commitment on paying a certain level of dividend; use of the Company's cash resources for a limited buyback of shares; seeking further outside capital from a new strategic investor; a commitment on corporate overheads and slimming down the Board (where base remuneration last year was over £1,000,000); a commitment by Board Members to invest in their own Company ( current holdings amount to less than £160,000 worth); a new group of advisers committed to a publicly-quoted Company; and a programme of presentations to explain to shareholders, analysts and potential investors why the Company should be more highly valued." The Company today has NOT a) committed to any dividend b) suggested any buyback to support the price c)suggested seeking outside capital d)made comment on central admin costs e) made any commitment to slim Board costs f) suggested that the Board might actually invest in their own Company g)suggested new advisers committed to public company life h) offered a shareholders' presentation to all shareholders ( note it says just the Company's "primary stakeholders" So, other than that......... A failed opportunity to suprise the market by suggesting the Company actually has a real value. And so shares changing hands now at 4.75p, below last week's level and below the price pre delisting.
31/8/2012
10:03
graham1ty: I have today written to the new Chairman. Let us see the response: Richard Last Chairman Lighthouse Group 26 Throgmorton Street EC2N 2AN 31 August 2012 Dear Mr Last The announcement of the resignation of Mr Hickey as Chairman of Lighthouse Group should be the chance to rebuild relationships with all shareholders. In September the Company will announce Interim Results and I urge that this be used as an opportunity to reintroduce a level of trust. The delisting proposal was clearly rejected by shareholders and it was obvious that their views had not been properly canvassed beforehand. Shareholders have clearly stated that they want the Listing to remain for the time being. Statements were made about shareholders and former Directors that were, on any reading, arrogant and dismissive and led directly to further opposition to the proposal amongst shareholders and the press. I ask that an attempt is made to repair that damage and that the Board makes a greater attempt to engage with shareholders. All shareholders will agree that the Company is undervalued at 4 pence. Even with the uncertainty of the Retail Distribution Review, the share price does not reflect efforts made by the Company to prepare for RDR and the cash reserves that have been built up by Lighthouse. I would urge the Board to use the Interims to lay out what the Company can do to address the valuation of the Company, shareholder returns and, immediately, the share price. The Board stated, in the Circular of 9th July 2012, its concern about a "heavily discounted share price" and the current share price remains approximately 20% below that level. Shareholders would be interested in any proposals that would increase visibility for the Company and enhance value. These might include a commitment on paying a certain level of dividend; use of the Company's cash resources for a limited buyback of shares; seeking further outside capital from a new strategic investor; a commitment on corporate overheads and slimming down the Board (where base remuneration last year was over £1,000,000); a commitment by Board Members to invest in their own Company ( current holdings amount to less than £160,000 worth); a new group of advisers committed to a publicly-quoted Company; and a programme of presentations to explain to shareholders, analysts and potential investors why the Company should be more highly valued. The Board complained about the share price failing to reflect the underlying value of Lighthouse Group. In September, at the Interims, as the new Chairman you have a chance to address this issue and I hope this opportunity will be taken. Yours sincerely Simon Taylor-Young
25/7/2012
06:48
nigelsom: Lighthouse management are not really on the button over the claims of the lack of benefits of being listed. Yes, there is a big question mark over visibility of future earnings but that will be cleared up over the next few months. The likes of H-L aren't suffering the same share price pressure so that is not the whole story here. AIM itself presents investors (esp PIs) with a number of difficulties: there is a tax disincentive (you can't put them in an ISA) where there used to be generous tax breaks of offer. Then there is the small matter of a ridiculous set of rules re raising capital where the regulatory costs mean that discounted share placings are about the only viable route - so PIs get shafted by a set of rules which are supposed to be there for their protection (talk about unintended consequences). I could go on... Here we are with a perfectly viable company - profitable, dividend-paying etc but the market has squashed the shares so hard that there is now more cash in the bank than the market cap. There must be a temptation to take advantage of that: right now you could more or less treble your money by buying the company and closing it down. LGT is not the only one either - just look at SEA where cash and investments are now worth almost double the share price (something of a special situation, granted). A re-rating will come in the end - either the market gets back some level of confidence or there will be M&A activity to spark it. As for LGT, with a reduction in boardroom pay and trimming in corporate costs etc one can see how a large % increase in profitability could be brought about quite easily (currently boardroom pay is roughly equal to profits, so who is getting the value here?) If that translated into higher shareholder returns LGT would have a higher perceived value. But the current boardroom doesn't own much % of the company they run so alignment of interests with the shareholders is a long way off. Meanwhile they can allot themselves plenty of share options etc and quietly dilute us over time at our expense. Rant over!
17/7/2012
23:54
davidosh: I honestly think shareholders should hold on and vote against this delisting. The Asset Management shareholders on the register are almost certainly there purely because they will be looking after the Funds generated by the Lighthouse Capital side of the business and earning fat fees so they are unlikely to go against the board as they want business to continue. They know the listing is not crucial to their fees and the shareholding is worth peanuts by comparison. It will be the former board members and vendors of businesses sold into Lighthouse that are crucial to blocking this and of course the 20% or so of shares held by small funds that are not conflicted such as Cavendish and private investors as represented by ShareSoc
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