By Tom Winnifrith & Steve Moore | Monday 21 March 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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”.
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