Lighthouse Share Discussion Threads

[davydoo] 12/2/2012 19:01

Very encouraged to see you're invested here owenski. I have been following for a long time, but have yet to make a purchase.

I would like their recurring revenue figure to be higher, considering there is less than 12 months until the banning of commissions under the RDR legislation, but that could have more of an impact to the individual advisers incomes than Lighthouses, but I don't know enough yet about the pay and commission structure, as some advisers are employed and some self employed.

[owenski] 12/2/2012 11:52

M.Cap; £7.6m

Net cash balances of £11.8 million, up £0.6 million from 31 December 2010 after tax and dividend payments.

"Trading progressed well during the period, with EBITDA rising for the fifth consecutive results announcement. The proportion of recurring revenues now exceeds 28 per cent. of the total and continues to rise, with the Group's operations continuing to generate cash".

Valuation not stretched by any standard here.

Next results, circa March

[owenski] 11/1/2012 15:43

I follow, been waiting for some movement on vol, apart from the one off costs that were recently reported I thought the drift down/selling was very overdone. Took some today. Supported by chunky yield will make it sweet to hold this one.

[sailing john] 11/1/2012 15:39

Yes and a lot more cash than the market cap!
But no one follows - so it drifts on meaningless volume

[cwa1] 11/1/2012 15:00

It's alive!

[toback] 26/9/2011 11:55

I can't remember whether the restructuring charge was flagged.

But then the headline numbers reasonable positive.

But then again the divi increase hardly show massive confidence.

Interesting to see to what the tipsheets say.

They need to repeat the headline performance without the write offs then it will look good.

[gengulphus] 26/9/2011 11:51

All positive headlines

Not quite fair - the last headline:

" -- Non-recurring charge of GBP2.9 million in respect of
Falcon historic trading and network re-organisation"

is most definitely strongly negative - and it's basically the reason for the loss for the half-year.

But I agree that the headlines as a whole are rather misleading: five positive ones and one negative one gives the wrong overall impression, concealing the fact that the negative one outweighs all the rest put together...

There is a brighter side, though: that charge of £2.9m is stated to be non-recurring, i.e. it's not expected to happen again in future results, and reading the text of the results seems to me to confirm this (though with a lingering doubt about whether they've got other divisions they want to rationalise...). And without that charge, the results this year would have been up on last year's. Which isn't good news now - these results are what they are, warts and all - but does suggest that the news in future results should be better.

Gengulphus

[trader2] 26/9/2011 08:21

All positive headlines - but bottom line eps loss (Loss)/earnings per share (basic) of (1.88)p versus 0.09p last interims.

You can see why regular investors loose faith when headlines simply seek to deceive.

[toback] 20/9/2011 10:32

Interim results due next week - hoping for a improved profits and divi - yielding over 5%.

[grahamty] 14/5/2011 13:38

Tipped in today's Growth Company Investor. Hope one day this actually may be valued at more than the cash it holds............

[still waiting] 23/3/2011 11:50

newsflow to increase:-



The Group announced in March 2010 that, following a competitive interview process, it had been exclusively contracted to advise employees of the Royal Mint. In July 2010 the Group announced that it had been appointed as the sole approved provider of financial advice to the members of UNISON, the UK's largest public sector trade union, and another similar announcement will be made shortly.

[still waiting] 23/3/2011 10:52

buys coming in again.

[still waiting] 23/3/2011 10:41

mm's letting you buy less than 9.5p again

[still waiting] 23/3/2011 09:19

Lighthouse Group plc

("Lighthouse" or "the Group")

Preliminary Results

Lighthouse Group plc (AIM:LGT), financial advisers, today announces preliminary results for the year ended 31 December 2010.

Highlights


-- Revenue up 4% to GBP63.1 million
-- Recurring revenues increased by 7% to GBP17.6 million and now
comprise 28% of Group revenues
-- EBITDA up 22% to GBP1.32 million before non-recurring operating
expenses of GBP164,000
-- Net cash balances up 27% to GBP11.2 million
-- Profit on sale of Pensions Division of GBP1.24 million
-- Basic earnings per share of 1.14p
-- Total dividends for the year up 20% to 0.36p per share on annualised
basis
-- Further affinity relationships established
-- RDR preparations continuing

[still waiting] 23/3/2011 09:10

if market doesn't spot the value I'm sure a trade buyer will, consolidation in the sector makes this a very cheap acquisition.

[horndean eagle] 23/3/2011 09:02

Recurring eps is circa 1p. Add back the amortisation of goodwill and exceptional items and you have circa 1m extra on the bottom line. Roughly in line with their exceptional profit on disposal. Don't know why they don't put an adjusted eps figure in.

[stegrego] 23/3/2011 08:55

Recurring eps isn't 1p though as they got over a million from selling a part of the business. That's a one off.

[horndean eagle] 23/3/2011 08:43

Not sure why they don't report an adjusted EPS figure instead of quoting EBITDA. Recurring EPS is circa 1p but you wouldn't know that without delving through the figures more thoroughly. Sound bullish enough. Hopefully will feed through to the share price in due course.

[still waiting] 23/3/2011 08:25

now 4vs1

10p about to go.

[stegrego] 23/3/2011 08:25

It won't do 100 percent!!!

Cash is around share price so certainly good value.

Eps is greatly enhanced by the sale of a division so isn't really 1p.

Cheap, but not really much more so than it's been for past 12 mths.

[still waiting] 23/3/2011 08:22

now 3vs1 and moving quickly, big gap up on the offer.

no one following, will do 100% today then the bdt chasers will spot this one.

[still waiting] 23/3/2011 08:17

3 mm's now moving up..

could multi-bag today.

[still waiting] 23/3/2011 08:12

the value here is screaming buy me...

pity no one follows this one.

[cwa1] 23/3/2011 07:46

Lighthouse Group plc (AIM:LGT), financial advisers, today announces preliminary results for the year ended 31 December 2010.

Highlights


-- Revenue up 4% to GBP63.1 million
-- Recurring revenues increased by 7% to GBP17.6 million and now
comprise 28% of Group revenues
-- EBITDA up 22% to GBP1.32 million before non-recurring operating
expenses of GBP164,000
-- Net cash balances up 27% to GBP11.2 million
-- Profit on sale of Pensions Division of GBP1.24 million
-- Basic earnings per share of 1.14p
-- Total dividends for the year up 20% to 0.36p per share on annualised
basis
-- Further affinity relationships established
-- RDR preparations continuing

Commenting on the results, David Hickey, Executive Chairman of Lighthouse Group plc, said: "The Board is pleased with the Group's strong performance during the year. In particular, we have improved profitability and added to our already significant cash resources. During the period we have also focused on improving the quality of earnings by further increasing recurring revenues.
"We are pursuing both organic growth through developing our affinity relationships, as well as continuing to assess acquisition opportunities. The Board is satisfied that the Group remains operationally well positioned and financially robust."