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Lighthouse - Affinity deals are engine for growth

June 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:
  • 26.5p
One sixth the size of SimplyBiz (SBIZ; 183.5p), Lighthouse (LGT; 26.5p) is another financial services group that has suddenly sprung to life after going sideways for a while.During the month I met with CEO Malcolm Streatfield again. I first met the company, which has been listed for 18 years, shortly after it floated although I didn't write at the time. But this time around I’m much more excited.The business is at a superb inflexion point, having come through a heavy period of investment in two of its divisions whilst the other three parts of the group are also reaping the benefits of scale, and margins are now starting to climb, so much so that in 2016 the business hit its 2017 numbers and growth has continu ...

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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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