EPIC : LGT


Web Site : http://www.lighthousegroup.plc.uk


LighthouseGroup is one of the UK's leading Independent Financial Advice companies

They have built their success in providing a comprehensive range of career development and business support solutions for Independent Financial Advisers and Mortgage Advisers.

LighthouseGroup operates in four divisions:

LIGHTHOUSE TEMPLE
The Group's national division for self employed IFAs

LIGHTHOUSE CARRWOOD
Employed advisers working within our accountancy practice associations

LIGHTHOUSE XPRESS
The Group's network division for financial services companies

LIGHTHOUSE WEALTH
Self employed wealth management advisers working with High Net Worth Clients



Last results : http://www.lighthousegroup.plc.uk/Files/PRels/PreliminaryResults-20070312.pdf

Latest Broker Note : http://www.danielstewart.co.uk/CMS/nmanagerpro/attachments/LGT_finals_120307.pdf



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A bit from Derek Pain (this is prior the announcement today with LV, so given the news today will enhance cash, profits and earnings, some details in this 24th March media article are now incorrect) :



http://money.independent.co.uk/personal_finance/invest_save/article2387797.ece


No Pain, No Gain: As Lorien sails by, Lighthouse makes headway
By Derek Pain
Published: 24 March 2007

".....................................................From the one that got away, to two that have been caught in the portfolio net. Access Intelligence remains one of my unhappier investments, but Lighthouse has made headway. Both announced improved figures last week that I felt were a shade disappointing.

Access, a software and computer-services group offering compliance and legislative services, produced a pre-tax profit of 246,000 against a 26,000 loss, with sales up 89 per cent at 3.8m. Lighthouse, a financial-services group, cut its loss from 504,000 to 214,000, with turnover 45 per cent higher at 47m. Access shares are around 7.125p (against my 9p buying price) and Lighthouse 21.75p (17.5p).

Neither company is short of cash. Access had more than 1m in the bank when it drew up its year-end accounts, and Lighthouse embraced 6.8m. I would not be surprised if they soon tried to strengthen their positions through acquisitions. Their respective cash piles - and borrowing potentials - should mean that they would not have to tap shareholders unless embarking on something like a reverse takeover. In the past, both have displayed a desire for the occasional predatory swoop.

Even without any deals, I would expect them to make further progress this year. Adjusted profits at Access should, believes the stockbroker Corporate Synergy, hit 900,000, which could imply, I think, a pre-tax figure approaching 500,000. I had expected Lighthouse to produce a pre-tax profit of around 1.5m, but it would appear that one of those enforced accountancy manoeuvres, which seem a perennial hazard these days, destroyed my hopes. The chairman David Hickey, describing the resultant charge as "optically irritating", points out that it had no influence on the group's cash position. The researcher Hardman & Co expects profits of 1.7m this year, and a dividend of 0.75p a share for 2008......................"

Also worth noting the Hardman write up, again, this was prior to yesterdays news that will boost cash in bank, profits and earnings :)


http://www.hardmanandco.com/Research/Lighthouse_March2007.pdf


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PapalPower,

Thanks for posting on LGT. This caught my attention purely on a technical level when scanning monthly stock charts at the weekend.

Bought into this today. Looking at a monthly chart SP has just broken long-term resistance on heavy volume - looks like next level of resistance is about 27p, going back to mid-2003.

Steve

Steve, a little tick up yesterday, and another today, lets see if we can test resistance soon........hopefully :)

Ticking up well today, a small MM buy would suggest overhang clear as well. Roll on perhaps 30p soon.....

DS target is 32p

http://uk.biz.yahoo.com/28032007/336/broker-recommendations-wednesday-28th-march-2007-12-15-pm.html

28th March.

"...................Daniel Stewart says buy Aberdeen Asset Management , K3 Technology (184p target) and Lighthouse (LSE: LGT.L - news) (32p target) and hold London Scottish (125p target)................... "

Let's hope so!

Steve

Lovely start to the week !!

Very nice!

Looks like it's nearing the long term resistance about 27p - if it gets through this I will pyramid up my position.

Steve

Bounced off of the 27p resistance, which I suppose is to be expected first time, the second time should have more strength behind it and lets see if we can break through it. Build some stength now, and a charge through it some time soon we hope.

PapalPower,

Testing that resistance again - ask now 29p :)

Steve

looks interesting, PP

IC tip it appears.......

Broken through that 27p resistance anyway, lets get up through 30p mid next then........ :)

Nice write up on Lighthouse over on Proactive.


http://www.proactiveinvestors.co.uk/articles/article.asp?LGT


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Papalpower, have you been watching WCC?

hyleo.........yes, I started the thread.

L2 is all blue.

Now 4 v 1 @29/31.5

Nice!

Very.