Lighthouse Share Discussion Threads

[simon14] 16/9/2006 14:12

This is starting to look like a reasonable investment, im going to take a look in detail.

[cambium] 15/9/2006 15:00

£5 million cash account and ongoing cash generation

and still the market cap is only 15m

Rake out that 5m cash, and you have a p/e of 4.8

wow how cheap is that

[simon14] 14/9/2006 23:16

Press Comment



The jump in turnover partly reflected the inclusion of Carrwood, an advisory business bought last year. This helped annualised remove per adviser to jump 20 per cent to £71,000. But there was decent organic growth, too. The equity markets remained broadly stable, and the publicity given to the A-Day pension changes persuaded many clients to take a closer look at their pension arrangements. There was also substantial growth in the mortgage business.

The only disappointment came from the City Trustees business. Senior management appointments and the development of an IT system have delayed the roll-out of its services, but executive chairman David Hickey remains confident about the long-term prospects for this business.

Nonetheless, house broker Daniel Stewart reduced its forecasts by 11 per cent, and now expects full-year pre-tax profits of £2m (£377,000 in 2005), giving EPS of 2.68p (0.88p).

[innovation99] 11/9/2006 23:39

Bit of extra news from Citywire

Search Results
Lighthouse offers retiring advisers exit route as it records first pre-tax profit
Mon Sep 11 10:08:30 BST 2006
Self-employed advisers at the Lighthouse Group are to be offered retirement packages that allow them to transfer recurring income to the group in return for capital and ongoing income.

The news was unveiled in the groups interim results in which it recorded its first pre-tax profit of £112,000 for the six months to 30 August.

David Hickey, executive chairman of Lighthouse Group (LGT), which contains national, franchise, network and employed divisions as well as a Sipp administration business, said the scheme would be rolled out by the end of the year.

It will give the adviser access to ongoing remuneration as well as risk free capital.

He said the advantage was that it would retain clients within the London-based group and give the adviser continuing benefits from the revenue stream he or she helped to generate.

But he added: It also means that when the retired adviser runs into his former clients at the golf club he knows they are in safe hands.

Hickey reported that turnover at the group had increased to £20.5 million compared to £15.1 in 2005 and that total funds under advice had risen 39% to £4 billion, in part due to the takeover over Carwood which in December became Lighthouses employed division.

He added that Lighthouse advisers are generating annual turnover of around £71,000 a year compared to a national average, he calculates of £50,000 and well up on the £59,000 they recorded in 2005.

An increasing proportion of revenue is recurring, rising to £2.9 million for the six month period compared to £1. 9million for the previous year although Hickey emphasised that this was due to an increase in investment business over protection rather than an ideological attachment to that approach.

He added that Lighthouse was differentiated from those of its competitors that had collapsed by its lack of debt, a £5 million cash account and ongoing cash generation

[simon14] 11/9/2006 16:20

This is the header from DAN your broker,.


Lighthouse Group has released a positive set of interim results, showing a 36% increase in revenue and maiden profit before tax (including goodwill). The group reported a significant uplift in PBT (pre-exceptionals and goodwill) of £580k against £60k in H1 2005. EPS rose from 0.15p to 0.77p. The group has traded well in relatively benign conditions during the period across its divisions, and current trading is said to be in line with management's expectations. The one negative was a slower than expected take-up of its SIPP administration business, City Trustees, while the group invested in its new administration platform. Based on this, we are reducing our earnings estimate by 11% for the full-year. We are therefore lowering our target price from 30p to 26p, but retain our Buy recommendation.

[deadly] 11/9/2006 09:11

Strong results. Should be a solid riser over the next year or more.

[quickmind] 09/9/2006 20:56

> Cambium
Do you know how many people the company employs? I'm a bit confused because has seemingly conflicting information:

"Over 500 advisers currently operate through five main business divisions, ... "

"The Group has five main operational centres, in London, Manchester, Brighton, Milton Keynes and Exeter and employs approximately 100 staff through which it delivers a comprehensive IFA service."

[spinkydink] 09/8/2006 17:19

Joined the party today

[cambium] 07/8/2006 14:47

My saviour!

[cambium] 07/8/2006 11:15

Just 6 Independant readers then, One of you must watch advfn

[cambium] 07/8/2006 10:04

Lighthouse Group gleams amid the tarnished money men

report in the independant. anyone got a copy?

[cambium] 04/7/2006 09:07

Lighthouse, an independent financial adviser group
and pension scheme administrator, edged up 3/4 to 17-1/2 pence following news
that the integration of LighthouseCarrwood (formerly Carrwood Barker Holdings)
has been completed successfully, on time and to budget.

[blackrabbit] 03/7/2006 14:08

Growth Company Investor issued a BUY recommendation in LGT at 14p-16p, today at 12.40.
Annual earnings of 3.01p and 3.43p are suggested for the next two years.

[trader2] 16/6/2006 08:33

Did these guys just get caught in the general downdraft of late - or is there something more LGT specific to the price decline? Late March Dir Buy looking a bit sick. Chart not making much sense to me at all. Thoughts anyone?

[puku] 17/4/2006 11:48

triktrak - i read the Dec 05 IC article as 0.66 for 2005 and 3.01 for 2006, new article 17 March says 1.92 for 2006. Bit confusing. Really all depends on new pension rule business opportunities, and whether they will use their lovely cash balance. At p/e 10 for 2006, quite cheap - IF it makes the target pbt of 1.44m ! Not a holder but very tempted.

[trader2] 12/4/2006 08:43

Streatfield buy not looking too clever. Wonder who he used as an IFA? Stock does seen to get thrown around price wise on little volume. Given that there is no -ve news - if the present weakness sees support here then then up-trend from Aug05 stays intact.

[cambium] 07/4/2006 08:06

Lighthouse Group PLC, the IFA and pension administration
group, said chief executive Malcolm Streatfield has bought 50,000 shares in the
company at 22 pence each, raising his holding to 70,834 shares, 0.1 pct.

[triktrak] 02/4/2006 05:19

Does anyone know please what eps figure for 2007 Daniel Stewart is forecasting for LGT? I couldn't see it on their website research area. An old IC article talked about 3.01p which seems quite a leap from the anticipated 2006 eps figure of 1.92p.

[spinkydink] 14/3/2006 11:20

Lighthouse Group beamed up 1-3/4 pence to 21 after
the the IFA and pension administration group put out full-year results showing
record levels of turnover, gross profits and the elimination of cash losses.

[spinkydink] 14/3/2006 11:20

Daniel Stewart retains 'buy' stance & 30 pence target after FY results