Thursday April 24, 2014


Goat Milking in Greece – Lesson 2 a triumph captured on video
A Money Making Idea based on Cats & my nervous Mrs - Luxurycathotel.com Ltd
UK Investor Show 2015 – First 21 Speakers announced for April 18: Get your early bird ticket NOW

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

, , ,

Lighthouse Group – Almost There: chairman’s days numbered?

Share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

AIM Listed IFA group Lighthouse (LGT) is to be forced to hold a General Meeting to vote on proposals to boot out Chairman David Hickey and bring back ex CEO Allan Rosengren. This follows Hickey’s failed attempt to get Lighthouse delisted – a move I opposed bitterly.

Hickey has been a disaster for shareholders. With a small holding himself he is grossly overpaid and has allowed PLC costs to escalate badly rather than increasing the dividend as he should have done and could have done given that Lighthouse has stacks of cash and is profitable and cash generative. Rosengren will restore the balance.

At the GM for the delisting 46 million shares were cast Hickey’s way and 53 million against. 29 million shares did not vote. So do not assume that this is a shoe-in

Read the full article on ADVFN | Comments
comments powered by Disqus
---

Register here for The Tomograph
Tom's newsletter with original articles and a free share tip of the week, not found on this website.

Video postcard from Tom

Weekly video postcard - Ukraine, blowback, UKIP and the Euros