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Lighthouse

October 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:
  • 33.5p
Lighthouse’s H1 was ahead of expectations. Revenues were up 5% to a healthy £26.7 million and running alongside that, the recurring revenues generated from clients was up double digits (11%) to £13.2m ie. 49% of the total.Average revenue per adviser grew 6% to £124k and operating expenses reduced by 3% to £5.54m lifting pretax profit by 12% to £1.26m for eps of 1p. Net cash increased to £9.6m (8p a share) from £8.7m and the interim dividend increased by 67% to 0.2p.The last few years have seen Lighthouse transition from owning an IFA network to faster growth from its affinity side, which provides financial advice to members of 21 affinity groups totalling 6m people. They represe ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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