Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hopefully steady progress.
Mathematics, perhaps you will be proved right to look at around 16 p. They were unfairly marked down so hard by Brexit. They will continue to gain a steady income from their growing list of affinity contracts
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3trades in lighthouse today.why?i ask
A couple of nice buys yest... showing support...
Going well...
Holding up nicely...
An excellent set of results - strong performance - sp should stay strong now - target double figs
Haha But don't tell anyone !!!
Hmmmm yes
Something lighting up - nice rns
Shares on offer and a tiny market cap... Hmmm... She could easily move in either direction today on little volume... GLA:)
Lighthouse Group plc ('Lighthouse' or 'the Group') Affinity Renewal and Contract Win Lighthouse Group plc (AIM:LGT), the national financial adviser of choice for Middle Britain, is pleased to announce that its wholly owned subsidiary Lighthouse Financial Advice ("LFA") has signed a two year contract to provide financial planning advice to members of Parliament Hill Ltd ("Parliament Hill"). In addition the Group is pleased to announce that LFA has renewed its contract with Prospect, the UK's largest union for professional engineers, for a further three years. Lighthouse has been working with Prospect since 2007 and will continue to be the exclusive provider of expert financial advice to Prospect's members. Parliament Hill was established in 2004 and works with over 60 membership organisations managing members' benefits packages. Its clients include a number of major institutions and associations such as trade unions, colleges, clubs and societies. With in excess of 1.5 million members, Parliament Hill represents another significant affinity partner contract for Lighthouse. Prospect has over 120,000 members, including engineers, scientists, managers and specialists in areas as diverse as agriculture, defence, energy, environment, heritage, shipbuilding, telecoms and transport. Prospect supports the needs of all its members and negotiates with more than 300 employers, on pay and conditions and a range of issues that affect members working lives. The contract win and renewal represent further significant developments to LFA's affinity partnerships, which already include major employee organisations such as UNISON, The Bakers Food and Allied Workers Union, BA Clubs, the Association of School and College Leaders and the Civil Service Motoring Association (CSMA Club). Andrew Holden, Director of Parliament Hill, commented: "Parliament Hill is delighted to be able to offer our members a financial advice service through Lighthouse Financial Advice. This new membership offer will benefit our members and we look forward to developing a strong relationship between Lighthouse and Parliament Hill." Mike Graham, Head of National Organising, Recruitment and Development of Prospect commented: "Prospect has enjoyed a successful relationship with Lighthouse over the past three years and we are delighted to renew the contract with Lighthouse and look forward to developing the relationship further over the next three years." Malcolm Streatfield, Chief Executive Officer of Lighthouse commented: "The Board is delighted that LFA has secured this partnership with Parliament Hill and to have achieved a further increase in the number of affinity contracts for LFA. We look forward to developing a strong relationship with Parliament Hill over the coming two years and to providing expert financial advice to its members across the UK. "The contract renewal wit
trade........
Nice to see a bit of confidence before the results from Cavendish http://www.investegate.co.uk/Article.aspx?id=201209171204024150M They now have nearly 5% of the company.
Also in the IFA industry Brooks had a good RNS today with a profit rise of 17%. http://www.investegate.co.uk/Article.aspx?id=201209130700061443M Lighthouse on thier last statements also had a great previous 6 months with EBITDA up 21%. Brooks have about double the net assetts of lighthouse, though they also have less revenue. It is true that brooks make more money on their revenue. However, does this really justify a valuation today of £142m in comparison to Lighthouse with £7m. Yes amazingly they are valued 20 times higher!!
Given the changes in the Financial advisor industry, affinity relationships are clearly the way to go. Lighthouse has been voted large IFA of the year for the last 3 years and thier reputation and size are likely to mean more of these contracts to come. In March they stated that EBITDA has been rising for the last 6 sets of results and that recurring rvenues are now upto 30%. It seems that this percentage is likely to keep on rising; and cash go above the £11m they presently have
Lighthouse, a financial advice and wealth management group, has had its contract renewed with the Association of School and College Leaders (ASCL) for a further three years. LFA has worked with ASCL for three years, providing financial advice to its members across the UK, and the contract is the latest in a series of successful affinity partnerships for Lighthouse.
http://www.investegate.co.uk/Article.aspx?id=201209120700119976L A 3 year contract renewal. It is nice to see lots of news coming out of the company now. Is this part of a new direction? Hoping for decent results on 24th.
Looking good with another contract http://www.investegate.co.uk/Article.aspx?id=201209100700078192L whilst smaller than other recent contracts (eg 400,000 member royal college of nursing) it seems that things may be on the up here.
David Hickey has now resigned. http://www.investegate.co.uk/Article.aspx?id=201208300700110493L Hopefully we will see a more shareholder focused direction now.
This company has very firm foundations - some £11M assets and no debt. A share price at about 1/3 of LGT's worth. Problem is - what are the Directors doing to put some steam into the company they (try to) run? Is it any wonder why there is a strong move to oust David Hickey who has done nothing for shareholders. Maybe when he has been kicked out, the new Board may be inclined to realise that it is the shareholders who have funded the business and that, without them 'on side' the company will not go anywhere. At the current price, the directors ought to be buying; if not, why not? Mr Hickey may not be the last to get a P45 unless ideas are bucked up.
It looks as though there is going to be a bit of a shake up here. With the Special General Meeting called by institutions to replace the Chairman. The business has loads of cash and is trading well. Hopefully there will be something in this for the small shareholder. Would be nice to see some director buying at this price.
Lighthouse Group plc ("Lighthouse", "the Company" or "the Group") Financial Adviser Awards: Large IFA of the Year Result of General Meeting Lighthouse announces that at the General Meeting held earlier today, Shareholders did not pass the proposed special resolution to approve the cancellation of the Company's Ordinary Shares from admission to trading on AIM. Accordingly, the Cancellation will not take effect and the Group will remain publicly traded on AIM. The votes for the special resolution were as follows: Number of Ordinary Shares Percentage of total vote For 46,468,211 46.83% Against 52,765,554 53.17% David Hickey, Chairman of Lighthouse Group, commented: "The business remains in good shape, being both cash positive and debt free. Looking forward the Group will continue to comply with the AIM Rules, and the Board will continue to respect Shareholders' preferences."
(b) maintain non-executive representation on the Board; (c) operate the Audit, Remuneration and Risk Committees; (d) review the feasibility of restoring the payment of dividends commensurate with the future profitability, cash availability and underlying growth of the business; and (e) maintain an "Investors" section on its website at www.lighthousegroup.plc.uk In addition, Shareholders will be sent an annual report and the Company intends to post a summary of its annual and half year financial performance on its website, as well as details of any significant events or developments in which Shareholders may be interested provided that these are not commercially sensitive. Recommendation to Shareholders The Directors consider the Resolution to be in the best interests of the Company and Shareholders as a whole and consider that it is most likely to promote the success of the Company. The Directors therefore unanimously continue to recommend Shareholders to vote in favour of the Resolution at the General Meeting, as they intend to do in respect of their own beneficial holdings. David Hickey, Chairman of Lighthouse Group, commented: "The plain truth is the lack of positive sentiment in the Stock Markets for IFA businesses. For Lighthouse, at this time, there are no attractions to being on AIM, and too many disadvantages. It is crucial that shareholders remember that Lighthouse operates in a highly regulated sector and the proposed delisting should be viewed differently to other businesses in unregulated sectors leaving the market. Lighthouse will continue to maintain robust standards of corporate governance in addition to abiding by the stringent regulatory, governance and other obligations imposed by the FSA." Lighthouse is a profitable and cash generative financial services business, providing regulated and other services to over 600 Independent Financial Advisers in the UK. Capitalised terms used but not defined in this announcement have the same meaning as given to them in the Circular issued on 9 July 2012.