Lighthouse Share Discussion Threads

[trader2] 06/10/2015 14:47

Thanks for posting CWA1. Fearful that TW's long tips spell the kiss of death. Only a couple of buy weighted deals on the trades lists - that may be a result of this. Chart suggests strong resistance at 10p.

[trader2] 21/9/2015 06:35

Good to see Helium up their holding to 5.12% in an RNS today - by investing an extra £20k odd in LGT

[trader2] 14/9/2015 06:38

Revenue flat, costs up - and eps soars! Smoke and mirrors this accounting lark!

[cwa1] 14/9/2015 06:23

Interim Results

Lighthouse Group plc (AIM: LGT) today announces its interim results for the six months ended 30 June 2015.

Highlights

-- Revenues increased by 2.5 per cent. to
GBP23.9 million from GBP23.4 million;
-- Gross margins increased to 30 per cent.
from 29 per cent.;
-- EBITDA* increased by GBP287,000 or 66
per cent. to GBP723,000 from GBP436,000;
-- Pre-tax profits increased by GBP271,000
or 308 per cent. to GBP359,000 from GBP88,000;
-- Basic earnings per share increased by
308 per cent. to 0.28 pence per share
from 0.07 pence per share;
-- Net cash balances increased by GBP1.1
million or 19 per cent. to GBP6.9 million
from GBP5.8 million;
-- Interim dividend increased by 33 per cent.
to 0.08 pence per share from 0.06 pence
per share; and
-- New affinity contract secured with ATL
and renewals and extensions secured with
ASCL, BWAFU, BA Clubs and RCN.


The comparative figures stated above are for the six months ended 30 June 2014.

*Earnings Before Interest, Tax, Depreciation, and Amortisation

Commenting on the results, Richard Last, Chairman of Lighthouse Group plc, said:

"The Board is pleased to report a strong set of results for the six months ended 30 June 2015. Average revenues per adviser have increased further which, together with higher gross margins, has driven a 66 per cent. increase in EBITDA to GBP723,000 and delivered a pre-tax profit of GBP359,000. The Group is well placed to meet its market estimate for the full year, notwithstanding recent market fluctuations, and an interim dividend of 0.08 pence per share, a one-third increase on the level in 2014, will be paid on 23 October 2015. With a strong balance sheet and net cash reserves of GBP6.9 million the Group is well placed to take advantage of the opportunities available to it, particularly in the auto-enrolment and workplace solutions space, whilst dealing with increased regulatory costs and an uncertain general economic outlook."

[trader2] 20/8/2015 15:05

See that the seller was: Rock Holdings Ltd, Southern Rock Insurance Limited, Arron Banks. Great that the transaction was on-market. I guess these guys will be looking to off-load the 2.3% of LGT that they are now left with.

[graham1ty] 20/8/2015 06:13

I hope it is the shares of one of the original Life Company holders/partners who no longer need the exposure, or are actively perceived to have a conflict of interest.

[trader2] 19/8/2015 14:56

Interesting to see the 6.25m reported as a holding in Helium Rising Stars today. See that 6.2m at 6.75p and 6.417m at 6.5p got reported 14Aug. Wonder who sold?

[trader2] 18/5/2015 07:15

Just catching up... thanks Graham. Great if the present dip gets bought:-)

[cwa1] 06/5/2015 16:03

Thanks again.

[graham1ty] 06/5/2015 16:00

CWA, only about four present, prob only one/two other PIs. None of the usual protagonists. Board confident. I have caused quite a lot of grief over the last few years, so would understand if they did not welcome me with open arms, but generally positive reception. They have survived the RDR transition, have more affinity clients than they know what to do with, have an ever improving IFA team and are financially very sound. Now they just need to show they can invest constructively for growth ( and not just throw money at rubbish like TAVI) and turn some of the client relationships into profit.

I remain a happy holder. I would be happier if the Board owned more and were paid less. Then their interests would be the same as mine

[cwa1] 06/5/2015 15:30

Thanks G, appreciated. Were there any/many PIs there? Was the body language of the board positive?

[graham1ty] 21/4/2015 07:02

Charlie, LGT does have enormous provisions in its accounts. The 2014 accounts provide £5.65m against potential complaints. In many cases any compensation paid can be clawed back from the advisers or from insurance.

LGT has worked its way through the complete ArchCru and Keydata complaints procedures and come out the other side. No complaints are good complaints, and we all know the problem that IFAs have had over the last five years from misselling, however LGT has tackled them head on and survived.

LGT changed NOMAD a few months ago and FinnCap are being much more active. LGT is back to profitability, has oodles of cash ( even if much tied up as regulatory capital) and FinnCap has a target price of 11p. If you want to know more about complaints etc, come to the AGM on 6 May

[charlie] 20/4/2015 18:16

I'm not following this, but the surge seems astonishing in the light of this?...

[cwa1] 20/4/2015 14:09

Quite an impressive performance of late. Wonder if there is any substance to it? Anyone heard anything?

[trader2] 18/4/2015 14:52

And.... the price action of Friday was on volume. Let that momentum continue.

[cwa1] 17/4/2015 13:51

Blimey. Flying now :-0

[cwa1] 17/4/2015 09:20

On the move again.....

[trader2] 13/4/2015 07:32

Life continues and the chart starts to show promise! Hope springs eternal for continued upward momentum.

[trader2] 27/2/2015 19:54

I've been in serious ponder about getting a bigger dog - despite the years of disappointment . EBITDA growth at present is via cost cutting. Good for them - but it is not the growth that excites me. Revenue growth on the other hand??? Will their recent initiatives yield??

[cwa1] 27/2/2015 14:57

It's Alive :-))

[graham1ty] 26/2/2015 09:33

Trader.........they have a massive exposure ( not). Last year the much publicised bonuses were £90,000. And Malcolm bought......£4000 of shares at 3.75p. At 4.75p now he has made £1,125 !!!!

[cwa1] 26/2/2015 08:50

For the remarkably little it is worth:-

26 Feb 15 Lighthouse Group PLC finnCap Corporate 5.25 11.00 11.00 Reiterates

[trader2] 26/2/2015 08:26

Graham - The Board overpay themselves because they don't have material holdings. Classic power struggle - Board interests v Shareholder interests.