Chairman of financial advisory group Lighthouse (LGT), Richard Last, emphasises a recommended offer from Quilter plc (QLT) “provides Lighthouse shareholders with the opportunity to realise their investment in full and in cash at an attractive premium to the levels at which the share price has traded in recent months”…
Last year I concluded that shares in financial advisory group, Lighthouse (LGT) could prove good value at 11.75p and that the valuation continued to look undemanding at circa 14p. I updated earlier this year at 24p, suggesting that the valuation fair enough at this juncture – though now write again with the shares currently further higher, above 37p, on the back of a trading update…
Having last year concluded that shares in financial advisory group Lighthouse (LGT) could prove good value at 11.75p and that the valuation continued to look undemanding at circa 14p, I now update with them at 24p following what Chairman Richard Last emphasises as “an excellent set of results, driven entirely by organic growth and a particularly pleasing performance in the affinity business” and that “Lighthouse remain well positioned to deliver further growth”…
Having previously concluded on shares in Lighthouse Group (LGT) at 11.75p that they could prove good value, I note that they are currently higher today on the back of a results announcement for the 2016 calendar year…
A contract announcement from national financial advisory group Lighthouse (LGT) sees me catch-up on progress of this former tip – we having banked more than 50%, less than 6 month, gains on the shares at 14p following an offer approach a bit less than a year ago…
Having recommended shares in Lighthouse Group (LGT) at 9.5p and below in September and October, we concluded a few days ago that “with the doubts we opt not to attempt to be greedy and to bank the more than 50%, less than 6 month, capital gain. Sell”. The following updates with the shares a major faller currently today…
Lighthouse Group (LGT) on Friday noted an offer approach announcement from fellow AIM-listed financial services group AFH Financial and responded that it “believes that the indicative offer from AFH fundamentally undervalues the group and its prospects, especially in the context of the group's net cash position of £7.9 million as at 31 December 2015”.
IFA network, The Lighthouse Group (LGT) has announced results for 2015 and that it “is well positioned to deliver future growth”. We are ahead on this share tip but there is more to come.
What is interesting about the progression to the upside on the daily chart of Lighthouse Group is that although the seeds of the bull run were in place as long ago as 2012, the real action here has only been on tap since the beginning of this year.
Investment Case: Shares in UK financial adviser Lighthouse Group plc (LGT) are only now returning to levels of 2011 with its industry having faced a period of unprecedented change in recent years from the likes of the Retail Distribution Review. However, resulting challenges look to now be giving way to opportunities – and though the share price has already risen strongly this year, to a current 9.5p offer, there looks decent growth and income upside still to come.
One of the obvious issues with companies down the market capitalisation scale is the way that the lack of liquidity in the shares will feed through into the price action trace in a negative way, something which can be seen on the Lighthouse Group daily chart at the moment.
I noticed this morning that AIM Listed Lighthouse Group (LGT) had put out a rather dull announcement. As such it was on my radar and as I sat down on the train from Bristol to London who should wander in but ex Lighthouse boss Allan Rosengren. I learned that Rosengren is Swedish not Norwegian as I had assumed and that he had bought a few more shares in Lighthouse taking his holding to 15%. So should we all follow him?
