Lighthouse Share Discussion Threads

[nickcduk] 16/11/2007 17:10

An interesting announcement yesterday regarding a new notifiable shareholder. Not come across Southern Rock Insurance Company Limited before and they don't seem to have any other holdings where they have a declared interest. Maybe they are just investing their premiums or perhaps they might fancy working more closely with Lighthouse in the future. They seem to have stabilised the share price and were probably responsible for the chunky trades over the last few weeks. Interesting to see where they go from here.

[apppp] 08/11/2007 16:01

Nice recovery the pm

[trader2] 08/11/2007 11:55

As long at the LGT high net worth clients continue to earn (as they are) they will want LGT to find a home for and manage their wealth – and I assume that portfolio and asset re-positioning is good business for LGT – where clients are concerned about this volatility.

You are correct about the selling pressure of late. Though TA (IMO) counts less on small cap shares – we loose the support at 24p mid and that looks to open up 20p as a downside target. Hey ho.

[nickcduk] 08/11/2007 11:33

There has been a large seller about for a while now in LGT. Dumped another 40k below the bid today as well as a similar amount yesterday. I can only guess they are worried about the public not wanting to make long term investments whilst the markets are volatile. Any concerns will fade away once conditions settle down again. Hopefully LGT can make good use of their cash pile and pick up a few earnings enhancing acquisitions along the way.

[trader2] 08/11/2007 11:15

See a few votes cast today to suggest little confidence in the recent trading statement. Guess today's sellers do so given the pressure on the banks. If so connection not at all obvious to me.

[apppp] 31/10/2007 12:23

As I 'speak' just gone up half a p!

[apppp] 31/10/2007 12:22

Trader2 - looks like your post of 162 is not far off the mark given the small rise since the options were granted. Or more likely just good timing and a feel of how cheap the share price is at present.

[trader2] 25/10/2007 07:54

So...

...did the Directors get their options fixed at a good price? Fanciful (no doubt) to think that they had a means to lower the bar to 24p so they could hop on board?

Director Options granted 23.10.07 Total options held

David Hickey 1,732,181 1,793,720
Malcolm Streatfield 1,732,181 1,962,950
John Stevenson 629,884 867,979
Paivi Grigg 629,884 745,269
Total 4,724,130 5,369,918

[gengulphus] 23/10/2007 10:33

Doubling the interim EPS to estimate the final EPS hasn't had a good track record with this share - in 2005 and 2006, the final was well below twice the interim, in 2004, well above it...

So I would treat that 2p final EPS estimate with a great deal of caution - in both directions...

Gengulphus

[capa] 23/10/2007 10:19

Agreed, after that trading statement I am expecting pre tax profits of £2.5 to £2.6 million, with an eps of 3.2 to 3.3p.

Assuming the above, these are definitely not expensive.

capa

[nickcduk] 23/10/2007 10:09

It has been a pretty grim time for smaller caps of late. Even after a strong trading statement sellers still decided to step upto the plate. They are on course for about 3p in earnings this year which puts the shares on about 8 times earnings. In current market conditions there is very little buying interest and hence it won't take much selling to knock the share price. Value will out in the end but I think we may have to wait until a post year end trading statement or final results before it does.

[trader2] 03/10/2007 11:37

Good for taking the action Nick. What what the basis of post 152 - that a large seller was about?

[nickcduk] 03/10/2007 11:32

I thought it was nice of the company to put a statement out following recent weakness in the share price. I had emailed them yesterday and got a reply in the evening saying they were unaware of why the share price was weak. Maybe that helped prompt them into issuing todays statement. There are many companies that could take a leaf out of LGT book and update the market instead of letting the share price drift without reason.

Not sure if the selling will stop after today's announcement. It did look like private investor selling. Mabye todays strong trading announcement will wake a few institutions up and encourage them to mop up stock. Shares are trading at less than 9 times current year earnings and have a lot further to run imho.

[trader2] 03/10/2007 11:26

So... just the MM's taking advantage and shaking out some weak holders! Agreed??


Press Release 3 October 2007


Lighthouse Group plc
("Lighthouse" or "the Group")

Statement Re Share Price Movement


The Board of Lighthouse Group plc (AIM:LGT), one of the UK's largest Independent
Financial Adviser groups and pension scheme administrators, would like to
confirm that it can see no reason for the recent movement in the Group's share
price.

Results for the year are expected to be in line with expectations and current
trading remains strong.

[trader2] 02/10/2007 14:50

See latest sell weighted deals did not push the price lower - as did the earlier ones today.

[nickcduk] 02/10/2007 13:26

Large seller about on LGT as I had no problems picking up 20k at 23.4p earlier. I think LGT is suffering from the small cap malaise that seems to have set in over here. That coupled with private investors not wanting to buy into stocks at present means it only takes a few sellers to trash the price. With the company having just reported interims it is also going to be a while before we hear any news on the earnings front.

Its a shame really because the company is doing very well and the second half should be pretty good. I guess thats when the share price is likely to respond. It looks startlingly cheap compared to Sumus. A couple of decent acquisitions would be the wild card to snap LGT out of the doldrums. Fingers crossed they manage it.

[trader2] 02/10/2007 13:06

Hope too nothing sinister going on. Just MM's shaking out some weak holders. Recent results don't explain this fall - they were good - numbers and outlook. This is an illiquid share that the MM's can move easily. Very much fingers x'd that we might see a hammer form here.

[apppp] 02/10/2007 12:34

Hope there's nothing sinister going on

[apppp] 02/10/2007 12:33

don't get it - not even that many sells and there are a few buys????

[trader2] 02/10/2007 08:54

Wassup here then. Price being walked down to fill a bigger buy?

[tlee05] 25/9/2007 12:13

I see these are a good company but not to much exposure at the moment, but i can see it coming. I would say its worth holding on to.

[apppp] 24/9/2007 11:35

What does everyone think about this one? Is it worth hanging on to? What will make it it move up - is it being held back by general market sentiment?

Sorry not to have my own answers to these questions.

[trader2] 23/9/2007 14:18

Thanks for posting PP.