Lighthouse Share Discussion Threads

[cockneyrebel] 22/3/2010 07:42

A decent statement today imo with a good outlook statement.


£13m+ cash, that's more than the market cap. Back in profit too.
Chart has been bottoming off this level imo.

These were making 3p eps 2 years ago. Paying a 4.5% yield while it gets back to that.

CR

[stegrego] 19/3/2010 12:52

Hi CR,

I was eyeing this up a couple of weeks ago and didnt invest, although i dont recall why!

Will watch with interest.

[cockneyrebel] 19/3/2010 10:58

Been buying these after someone bought 1m earlier this week.

Looks rather interesting in that they sound confident, paid a 0.2p divi last year and have £12m cash on the b/s.

Look fwd to Monday's results.

CR

[sailing john] 16/3/2010 15:14

A bit of interest today - 2 million traded ahead of results next Monday
Doubled my holding @9.2p in the hope of a very positive outlook statement.
SJ

[davydoo] 04/3/2010 15:28

Im a financial adviser subject to RDR, the qualifications require a lot of study but are not that hard, and with 2 1/2 years left to get qualified I think most advisers will do whats needed to stay in business.

I was impressed to see the growth in recurring revenues in the last set of accounts, this suggests to me the business model is already moving away from one off commissions ahead of the rdr deadlines

[stegrego] 03/3/2010 20:47

'We are well placed to benefit from the changes potentially to be brought about by the Retail Distribution Review, and our positioning within the industry will continue to underpin our growth'

Thats a statement from the interims that says the opposite of what post 188 says...

[bisiboy] 24/1/2010 17:55

i think they will struggle with the rdr review
many of their advisers do noy have the qualifications and work on commissions
i think they will struggle to maintain their revenues
they will need the cash and are cheap for a reason

[aspringo] 12/1/2010 07:56

agree with all the comments, as mentioned.
What faith would clients have in a financial advisors company who couldn't sort out their own finances from this position.

[toback] 11/1/2010 21:26

Trading at less than net cash looks silly.


That was my thinking a while back.

Welcome volume today might be the turn around.

[sailing john] 11/1/2010 14:26

Bought 10k at just under 9p
Looks undervalued to me

[snowman10] 11/1/2010 11:42

drawn to this ,so will revert.
Trading at less than net cash looks silly.
snow

[toback] 14/10/2009 17:52

I did a small dabble in these a few weeks back before the results.

I cannot really work out whether these are cheap or not.

Probably they are but little reason to move up and none on the horizon.

Wonder if I will die of boredom first. . . .

[flyingswan] 05/10/2009 15:59

Press Release 21 September 2009

Lighthouse Group plc

("Lighthouse" or "the Group")

Interim Results

Lighthouse Group plc (AIM: LGT) today announces interim results for the six months ended 30 June 2009.

Highlights
* Strong cash position
* EBITDA increased to £526,000 (H1 2008: £513,000)
* Revenue up 15 per cent to £29.3 million (H1 2008: £25.5 million)
* Recurring income continuing to rise
* Successful integration of Godfrey Pearson
* Interim dividend of 0.2p per share to be paid in October

Commenting on the results, David Hickey, Executive Chairman of Lighthouse Group plc, said: "The Group has performed well throughout a tough period, seeing increases in revenues, profits and EBITDA at the headline level. Having anticipated weaker IFA revenues for the period, the Board took a number of early cost reduction steps which have enabled the Group to continue to trade profitably.

"Lighthouse's scale and its financial strength together augur well for both organic and acquisitive growth, the latter only where appropriate however. We are well placed to benefit from the changes potentially to be brought about by the Retail Distribution Review, and our positioning within the industry will continue to underpin our growth."

- Ends -

[toback] 19/8/2009 14:58

Interims due next month - I do wonder whether these have benefited from recent strength and whether that is not factored in the price. Anyone got any views thinking of a small dabble.

[flyingswan] 16/7/2009 10:55

With £12 million in the bank, I think these High Court Hears allow the company now to pay dividends IMHO
RNS Number : 4284V Lighthouse Group PLC 09 July 2009

Press Release 9 July 2009

The following amendment has been made to the 'Issue & Cancellation of Bonues Shares' announcement released on 0700hrs on 9 July 2009 under RNS¿3737V.

The title of the announcement should be 'Issue & Cancellation of Bonus Shares'.

All other details remain unchanged.

Lighthouse Group plc

('Lighthouse' or 'the Company')

Issue and Cancellation of Bonus Shares

Lighthouse Group plc (AIM: LGT), the UK's largest autonomous Independent Financial Advice and Wealth Management group, is pleased to announce the conclusion of the capital reorganisation authorised by the resolutions passed at the Company's AGM on 3 June 2009.

The Company has now obtained the necessary Court approval to give effect to the elimination of its merger reserve and the increase in its distributable reserves.

This was achieved by the capitalisation of the merger reserve, by means of a bonus issue of a total of 330,081,600 new ordinary shares of 1 pence each on 7 July 2009, and the subsequent cancellation of those shares approved by means of an order of the High Court of Justice granted on 8 July 2009.

Following the Court order taking effect upon it being registered by the Registrar of Companies, the authorised share capital of the Company will remain 200,000,000 ordinary shares of 1 pence each, of which 127,700,298 ordinary shares are in issue.

[flyingswan] 15/7/2009 15:33

Allan Rosengren of the Lighthouse Group (LGT) was the freatured CEO on Trading Places today. To watch the programme click the link. He appears in the last third of the programme. Very Up Beat IMHO

The programme recommendation was to BUY - DYOR

[aim_trader] 27/11/2008 13:39

Lighthouse Group – a beacon in a sea of IFAs
In May this year Lighthouse completed its merger with another AIM-quoted financial services business, Sumus, making the group the largest quoted independent supplier of financial advice and wealth man ...

[deadly] 14/3/2008 22:45

No-one expects the current market to go wild on any good results, more likely to fall in fact. But given time these results on top of previous good performance should have an effect.

[gengulphus] 12/3/2008 01:53

Certainly decent results, but I can see why market reaction hasn't been all that stunning. The outstanding figure is apparently the 171% increase in pre-tax profit from £0.7m to £1.9m. But about £1m of that comes from happening to have only £0.5m exceptional operating costs in 2007 compared with £1.5m in 2006. That reduction in exceptional costs is something the company is unlikely to be able to repeat!

So the outstanding figure of the results quickly gets discounted, leaving much more muted growth prospects (though still good ones in my view). And of course takeover and merger activity often produces some uncertainty about whether it's really a good idea for the acquirer (my immediate impression is that this one looks reasonable, but I haven't looked at it properly yet).

All in all, I'm very happy to continue holding, but I can see why the market didn't go wild.

Gengulphus

[deadly] 11/3/2008 22:41

Strong results but reaction a damp squib so far. P/E of 9.5 and cheap by any standards. Note the cash. Also merger with Sumus. Looks a great buy.

* Revenues increased 12% to £53 million (2006: £47 million)
* Pre-tax profit up 171% to £1.9 million (2006: £0.7 million)
* Cash balances increased 32% to £9 million (2006: £7 million), with no debt
* Total funds under advice grew to approximately £6 billion, an increase of
22% since 31st December 2006
* Recurring revenues now at an annualised £10.5 million (2006:£6.6 million)
* Average turnover per adviser up to £86,000 (2006: £83,000)
* Successful integration of transaction with LV= (formerly Liverpool Victoria
Friendly Society)
* Maiden final dividend of 0.5 p per share recommended

[nephie] 07/3/2008 09:22

Lighthouse Group plc (AIM:LGT), one of the UK's largest Independent Financial
Adviser groups and pension scheme administrators, will announce its preliminary
results for the year ended 31 December 2007, on Tuesday 11 March 2008.

[nickcduk] 23/11/2007 10:31

I think your right Trader2. No relation between the 2. Black Rock are part of Merrill Lynch and Southern Rock are a specialist insurer based in Gibraltar. Its a relatively small operation which made their disclosure in LGT a little surprising.

[trader2] 23/11/2007 10:14

Nick - looks like your large seller was BlackRock - going on the RNS today. They had 7m odd in March (around 10%) now they have half that.

Wonder if Southern Rock are any relation?