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Primary Recommendation

Lighthouse - 48% of turnover repeating

July 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LGT
  • Price:
  • 36p
Lighthouse’s main line of business is providing financial advice to members of 21 affinity groups. The shares have been on a tear since I first highlighted them last month, when I pointed out that the business had £9m+ cash (7p a share) against a market cap. of £30m. Taking account of a £1.1m freehold in Brighton and adding back investment meant the PE at 27p was c.5 in a market where we have become used to paying a high PE for growth. Lighthouse’s business is on a roll with record new business won last year and as the customer base increases, recurring income becomes increasingly important (in the latest just-reported financial year 48% of sales, £25m, was recurring income). This plus two newer busine ...

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Related Articles

Lighthouse - Recommended offer for the company (May 2019)
Lighthouse -15%/17% growth over next two years (March 2019)
Lighthouse (October 2018)
Lighthouse - Affinity deals are engine for growth (June 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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