Lighthouse Share Discussion Threads

[toback] 09/7/2012 20:03

Only 25% required to block this here are largest shareholders.

As at 17 February 2012 the Company had been notified
of the following interests in the ordinary share capital of
the Company.
Name of holder Number %
Mr. Allan Rosengren 18,807,234 14.73%
Liverpool Victoria Financial
Advice Services Limited 8,353,706 6.54%
Friends Provident Life and
Pensions Limited 7,497,466 5.87%
Southern Rock Insurance
Company, Mr. Arron Banks
and Mr. Paul Chase-Gardener 6,932,745 5.43%
Mr. Julian Telling 6,568,908 5.14%
Mr Arthur Lancaster & Boston
Trust Company Ltd 6,470,588 5.07%
Skandia Life Assurance
(Holdings) Limited 5,581,383 4.37%
Mr David Hickey* 5,161,772 4.04%
AEGON UK plc 4,487,689 3.51%

[toback] 09/7/2012 19:57

This is nonsense - why can't they pay enhanced divi when it is public (as they hint at)?

That would attract more interest in this market.

They have given and should leave the field to more dynamic management. They issue a couple of RNSs a year and expect the market to get excited. They have destroyed the value not the market.

Would you use a financial advisor who does not seem to have any clue . . . .

They would be better doing a management buy-out and returning cash. But then no doubt they would need to put up their own cash.

What a shower!!!

[sailing john] 09/7/2012 13:05

Sadly apathy will win the day and delisting is likely. I guess major holders can trade outside of AIM market anyway so they might take the view that delisting is a benifit as valuation on turnover/EBITDA rather than the ficticious share price influenced by a trivial number of trades. Which is one of the arguments that the Board have put forward

Oops - I am in danger of thinking that this isn't such a bad idea!

SJ

[encarter] 09/7/2012 12:22

Directors don't seem to hold much stock so maybe you have a chance of a no vote.

[cwa1] 09/7/2012 11:48

At the moment I am tending towards voting against, would be useful if anyone else that feels the same way would post on here to let us get a handle on what kind of strength of feeling there is on this one. Also useful at a later stage if we want to get together for any kind of formal protest/action group.

[sailing john] 09/7/2012 11:44

I hold a few here and will vote against delisting simply because it removes opportunity to exit easily. Assuming vote carried I will continue to hold.

I have mixed experience on delisting of other stocks.

Down 40% today on an already bombed out price but an insignificant volume traded so I guess most are holding on and will either vote against delist or more likely do nothing and the vote will get passed on apathy.

GL - SJ

[encarter] 09/7/2012 10:21

I have shares in Vycon who delisted a few years ago. Since then I have never heard from them once, not a single contact. Also if you plan on holding and your stock is in a nominee account you may be wise getting the certificates.

[harrogate] 09/7/2012 09:30

Hi I don't hold these but a couple of points

1) The Chairman has previous on this delisting. See Just Car Clinics last year
2) I would have thought they have the votes lined up before they start this process
3) It could be not the bad move you think. I held JCR when they delisted and they maintained the divvy and are happy to update on results.
4) If you get some support you could see who is against it ... Speak to Roger Lawson at Sharesoc who was helpful to me wehn I wnated to see what action I could take on JCR before I accepted that it was going to happen.

Good luck

[cwa1] 09/7/2012 08:55

Hmmmm. What a disappointment:-



Especially in light of this:-

Despite the changes in the industry and uncertainty that these bring, Lighthouse is in a robust position both financially and operationally, and the Board remains optimistic about the long term prospects for the Company."

Any other holders here? Thoughts? Worth opposing this and getting management to step up to the plate on behalf of shareholders?

[cwa1] 14/6/2012 07:47

BA Clubs agreement:-

[graham1ty] 02/5/2012 11:35

Anyone at today's AGM ? Any comment on current trading ?

[cwa1] 26/4/2012 07:48

Not much news on here so might as well report what there is!

Press Release 26 April 2012

Lighthouse Group plc

('Lighthouse' or 'the Group')

Lighthouse Group wins FT Business Large IFA of the Year Award for the third year running

Lighthouse Group is delighted to announce that, at yesterday's annual Financial Adviser Life and Pensions Awards luncheon hosted by FT Business, the Group won the Large IFA of the Year Award 2012. This builds on the Group's success having won the same award in both 2010 and 2011.

[owenski] 13/3/2012 12:20

Sold out yesterday post results, cash decrease didn't impress me and far to much uncertainty in the forward business imo. Not for me, regards.

[cambium] 12/3/2012 12:17

it was reduced from 13million in last years accounts

[horndean eagle] 12/3/2012 11:07

cash of 11m doesn't really count. NTAV is less than 1m.

[cambium] 12/3/2012 08:01

Cash of 11 million, wowsa

[cambium] 12/3/2012 08:00

-- Average annualised revenue per adviser up 11 per cent.
-- Like-for-like recurring revenues up a further 5 per cent.
to 30 per cent. of Group revenues
-- 21 per cent. increase in EBITDA* to GBP1.6 million (2010:
GBP1.3 million)
-- Net cash balances of GBP11 million
-- Final dividend of 0.27p per share to be paid in June
(2010: 0.24p)
-- Non-recurring charge of GBP3.4 million in respect of
historic trading of Sumus sub-group and network re-organisations

[davydoo] 09/3/2012 21:06

Im very pleased with REDT owenski, plenty more to come there too i think.

This is a much riskier play for me, but there is deeper value i guess with the cash.

This is my industry, and whilst I don't consider Lighthouse a leader, its such a fragmented market that I still think they can do well, so long as they keep working on their recurring income, because then it starts to take on utility like qualities.

[owenski] 09/3/2012 10:37

Good stuff Davy, REDT doing well lately.

[davydoo] 08/3/2012 18:43

i added another 50k today, pleased of the chance to buy below 6p again

[sailing john] 13/2/2012 15:34

Davy - and look what you did to the price!

[owenski] 13/2/2012 15:28

"Research always different when you hold a few", not arf, it becomes tunnel vision lol.

[davydoo] 13/2/2012 15:16

I have a similar approach actually. Research is always different when you hold a few.

Made a small purchase today, but had to pay the full offer price.

[owenski] 12/2/2012 20:31

I don't have a high wedge in here chaps, just a toe hold pending results to see how things are going, would also prefer the recurring revenue element to be higher, but it is increasing. The IFA demise issue, I gathered was potentially in LGT's favour, my take here is that the share price down drift is not warranted and possibly occurred because of the one off payment of £2.9m to wind up Falcon, as such with that out of the way the results were encouraging.

I sometimes buy a clutch of companies like this one that seem undervalued as 'seedlings' and then see which ones work out, increasing holdings in those that do, holding those that are ok but not being bought at present and dumping those that fail.

Cheers

[sailing john] 12/2/2012 19:28

There have been/will be a lot of public sector redundancies with decent severance/redundancy terms. Lighthouse have got arrangements with several public sector unions.

Not many companies have cash higher than market cap. But off the radar and drifted down on very little volume. The Falcon write down is a one off and RDR effect might not be that significant.

Six posts from 4 unique posters in 2012 already - things must be loooking up!!!