Now wish I had bought more! Nice problem to have. Things look set fair for substantial increase in revenues, with the amounts of compulsory pension contributions increasing and the requirement to receive advice.
"Are Independent Financial Advisers (IFAs) on a roll, amid the growth and liberalisation of pensions? Changes in law have fuelled demand for advice like whether to leave final salary schemes, and a new market is evolving in auto enrolment schemes ..."
I don't know if there's any news, but increasing volume and positive trend all looks good. I bought after having to get independent financial advice (not with Lighthouse) for a pension transfer, which in my view was completely pointless, but still cost £750. With the pension freedoms Lighthouse should be in an excellent position to benefit from the legal requirement to obtain advice. I've made about half back of the fees I was charged so far and think this has much further to go, with a current PE ratio of around 10 and increasing profits and dividends.
"Is LSE:LGT:Lighthouse Group, an AIM-listed national group of independent financial advisers (IFAs), poised for a fresh advance now its finance director is adding to his holding? On 7 and 10 April he bought a total of Â£14,500 worth at 14.5p a ..."
"Higher revenues generated by the Lighthouse Financial Advice and Carrwood divisions saw AIM-tiddler LSE:LGT:Lighthouse Group's gross margin percentage increase from 27% to 31% in its preliminary results for the year to end-December 2013.This is ..."
I assume the directors must have canvassed major holders for support before making delisting moves.So I suspect unfortunately it is a done deal but time will tell.
The update today is interesting paticularly re dividends.If the company is intending to maintain or increase divis the shares could have merit at present price on interest yield even if delisting goes ahead however the bit about maintaining facilities for off market dealing is a red herring;it is very difficult to sell shares in unlisted companies.
It may have £11m cash shown on its accounts BUT if you deduct provisions and other net liabilities due it actually has negative tangible assets.In other words the cash is required to pay liabilities.
It is probably not dear but do you want to be tied up in a company with such a dismal record,the real reason for the decline in shareprice rather than the rubbish talked by its directors.
I wonder if the advice churned out by the company is as bad as its own performance perhaps thats why it has so many provisions in its accounts(Compensation payments?).
well had been meaning to look at this so this morning announcement was interesting
looks like directors able to get a decent business on the cheap
making profits of 1.6m ebitda and CASH of 11m vs MV at 3p = 4m!!
so if able to take a 3 to 5 year view i;m sure the directors will sell on to a larger player
they same something along those lines in the RNS
i make it the business worth anything between 10 and 20p in 5 yrs when industry settles
which at 3p gives anything from 20% to 30% p.a. for 5 years
so i;m very tempted but my strategy is quoted companies - anyone thoughts?
there must be a fair chance too that directors hold divi 10%+ yield
anyone know what happened to YCO in the end - similalry when they announced de-list the price fell from (i think) c. 6p to c.2p but then recocvered to (i think) c. 5p
so also tmepted to buy some and maybe trade out by end of month
in fact it looks from trades that some-one mopping up at 3p already
hmm in broader picture interesting as indicative of difficulty / risk with most smaller cpas
If you are interested in quizzing management, the company is exhibiting at this show in April: www.masterinvestor.co.uk. They have a few free tickets available for shareholders and other interested parties if you email the organisers at [email protected] quoting Lighthouse shareholder.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.