View ValuationLighthouse Properties 将来の成長Future 基準チェック /06 Lighthouse Propertiesの収益は年間0.4%減少すると予測されています。主要情報n/a収益成長率n/aEPS成長率Real Estate 収益成長2.7%収益成長率-0.4%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日13 Jul 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • Jul 08High number of new directorsCOO & Director Laurian Mc Gonigal was the last director to join the board, commencing their role in 2026.New Risk • Jun 28New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €39m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.3% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€39m sold).Buy Or Sell Opportunity • Jun 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.3% to €0.36. The fair value is estimated to be €0.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has declined by 8.1%.Recent Insider Transactions • Jun 04Non-Independent Non-Executive Director recently bought €4.1m worth of stockOn the 3rd of June, Desmond de Beer bought around 560k shares on-market at roughly €7.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €5.3m. Despite this recent purchase, insiders have collectively sold €26m more in shares than they bought in the last 12 months.Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Alternate Director Nick Hanekom was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Apr 10Lighthouse Properties p.l.c., Annual General Meeting, May 06, 2026Lighthouse Properties p.l.c., Annual General Meeting, May 06, 2026, at 10:00 Central European Standard Time. Location: company`s registered office, 4th floor, office 41, block a, il-piazzetta, tower road, sliema, slm 1605, Maltaお知らせ • Feb 06+ 1 more updateLighthouse Properties p.l.c. to Report Fiscal Year 2025 Results on Mar 04, 2026Lighthouse Properties p.l.c. announced that they will report fiscal year 2025 results at 4:50 PM, South Africa Standard Time on Mar 04, 2026お知らせ • Jun 30Lighthouse Properties p.l.c. (JSE:LTE) acquired Gran Casino De Cartagena Espacio Mediterraneo Sa (Extinguida) from Westinvest Gesellschaft FÜR Investmentfonds Mbh for approximately €140 millionLighthouse Properties p.l.c. (JSE:LTE) acquired Gran Casino De Cartagena Espacio Mediterraneo Sa (Extinguida) from Westinvest Gesellschaft FÜR Investmentfonds Mbh for approximately €140 million on June 27, 2025. A cash consideration of €135.4 million will be paid by Lighthouse Properties p.l.c. As part of consideration, €135.4 million is paid towards common equity of Gran Casino De Cartagena Espacio Mediterraneo Sa (Extinguida). Lighthouse Properties p.l.c. (JSE:LTE) completed the acquisition of Gran Casino De Cartagena Espacio Mediterraneo Sa (Extinguida) from Westinvest Gesellschaft FÜR Investmentfonds Mbh for approximately €140 million on June 27, 2025.お知らせ • Mar 28Lighthouse Properties p.l.c., Annual General Meeting, Apr 23, 2025Lighthouse Properties p.l.c., Annual General Meeting, Apr 23, 2025, at 10:00 Central European Standard Time. Location: company`s registered office, 4th floor, office 41, block a, il-piazzetta, tower road, sliema, slm 1605, Maltaお知らせ • Feb 18Lighthouse Properties p.l.c. to Report First Half, 2025 Results on Aug 12, 2025Lighthouse Properties p.l.c. announced that they will report first half, 2025 results on Aug 12, 2025Recent Insider Transactions • Nov 10Non-Independent Non-Executive Director recently bought €26k worth of stockOn the 1st of November, Desmond de Beer bought around 65k shares on-market at roughly €0.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.4m. Insiders have collectively bought €6.2m more in shares than they have sold in the last 12 months.New Risk • Oct 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (7.7% increase in shares outstanding).Declared Dividend • Aug 19First half dividend reduced to €0.012Dividend of €0.012 is 13% lower than last year. Ex-date: 4th September 2024 Payment date: 12th September 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 60% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Aug 17Lighthouse Properties p.l.c. Approves Interim Dividend for the Six Months Ended 30 June 2024, Payable on 12 September 2024Lighthouse Properties p.l.c. announced that the board of directors has approved an interim dividend of 1.21660 EUR cents per share for the six months ended 30 June 2024. The Board has resolved to offer Shareholders the interim dividend as a cash dividend of 1.21660 EUR cents per Lighthouse share (‘Cash Dividend’), with an alternative scrip distribution option (‘Scrip Distribution’) of 1.21660 EUR cents per Lighthouse share. Record Date is 6 September 2024 and Payment of Cash Dividend, is 12 September 2024. Shares commence trading ex-Scrip Distribution or Cash Dividend on the JSE and A2X on 4 September 2024.New Risk • Aug 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.4% operating cash flow to total debt). High level of non-cash earnings (39% accrual ratio). Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (7.7% increase in shares outstanding).New Risk • Jul 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (7.7% increase in shares outstanding).Recent Insider Transactions • Jun 13Non-Independent Non-Executive Director recently bought €145k worth of stockOn the 10th of June, Desmond de Beer bought around 376k shares on-market at roughly €0.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.0m. Insiders have collectively bought €11m more in shares than they have sold in the last 12 months.Recent Insider Transactions • May 24Non-Independent Non-Executive Director recently bought €390k worth of stockOn the 21st of May, Desmond de Beer bought around 994k shares on-market at roughly €0.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.0m. Insiders have collectively bought €9.6m more in shares than they have sold in the last 12 months.Recent Insider Transactions • May 08Non-Independent Non-Executive Director recently bought €1.0m worth of stockOn the 30th of April, Desmond de Beer bought around 3m shares on-market at roughly €0.40 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €9.2m more in shares than they have sold in the last 12 months.お知らせ • Apr 17Lighthouse Properties p.l.c., Annual General Meeting, May 14, 2024Lighthouse Properties p.l.c., Annual General Meeting, May 14, 2024, at 10:00 Central European Standard Time. Location: the Company's registered office on the 4th Floor, Office 41, Block A IL-Piazzetta, Tower Road Sliema MaltaUpcoming Dividend • Apr 03Upcoming dividend of €0.013 per shareEligible shareholders must have bought the stock before 10 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.7%).Declared Dividend • Mar 18Final dividend of €0.013 announcedShareholders will receive a dividend of €0.013. Ex-date: 10th April 2024 Payment date: 15th May 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 13Full year 2023 earnings released: EPS: €0.23 (vs €0.015 in FY 2022)Full year 2023 results: EPS: €0.23 (up from €0.015 in FY 2022). Revenue: €87.4m (up 14% from FY 2022). Net income: €407.7m (up €382.6m from FY 2022).New Risk • Mar 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 146% Cash payout ratio: 153% Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Significant insider selling over the past 3 months (€15m sold).Recent Insider Transactions • Nov 09Non-Independent Non-Executive Director recently bought €545k worth of stockOn the 6th of November, Desmond de Beer bought around 2m shares on-market at roughly €0.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €833k. Insiders have collectively bought €7.7m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Oct 13Non-Independent Non-Executive Director recently bought €60k worth of stockOn the 11th of October, Desmond de Beer bought around 224k shares on-market at roughly €0.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €833k. Insiders have collectively bought €6.8m more in shares than they have sold in the last 12 months.お知らせ • Oct 08Lighthouse Properties plc Declares Dividend for the Six Months Ended 30 June 2023Lighthouse Properties plc announced that the Company intends to declare a dividend of 1.35 EUR cents per share for the six months ended 30 June 2023, being a decrease of 16.92% compared to the dividend of 1.625 EUR cents per share for the six months ended 30 June 2022.Recent Insider Transactions • Oct 05Non-Independent Non-Executive Director recently bought €101k worth of stockOn the 2nd of October, Desmond de Beer bought around 377k shares on-market at roughly €0.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €833k. Insiders have collectively bought €7.3m more in shares than they have sold in the last 12 months.Buying Opportunity • Sep 25Now 32% undervalued after recent price dropOver the last 90 days, the stock is down 36%. The fair value is estimated to be €0.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 67% over the last 3 years. Meanwhile, the company has become profitable.Recent Insider Transactions • Sep 22Non-Independent Non-Executive Director recently bought €94k worth of stockOn the 20th of September, Desmond de Beer bought around 344k shares on-market at roughly €0.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €833k. Insiders have collectively bought €7.1m more in shares than they have sold in the last 12 months.Board Change • Sep 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Alternate Non-Independent Non-Executive Director Nick Hanekom was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Buying Opportunity • Aug 24Now 29% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 67% over the last 3 years. Meanwhile, the company has become profitable.Upcoming Dividend • Aug 23Upcoming dividend of €0.013 per share at 11% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 12 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 11%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.8%).お知らせ • Aug 23Lighthouse Properties plc Announces Cash Dividend for the Six Months Ended 30 June 2023Lighthouse Properties plc distributed to shareholders in respect of a cash dividend of 1,35 cents per share ("Cash Dividend"). The net Cash Dividend amount is 22,31723 ZAR cents per share for South African shareholders liable for South African dividends tax at a rate of 20%.Recent Insider Transactions • Aug 20Non-Independent Non-Executive Director recently bought €295k worth of stockOn the 16th of August, Desmond de Beer bought around 1m shares on-market at roughly €0.29 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €632k. Insiders have collectively bought €6.9m more in shares than they have sold in the last 12 months.New Risk • Aug 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 160% Cash payout ratio: 153% Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.4% increase in shares outstanding).Board Change • Jul 26High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Alternate Non-Independent Non-Executive Director Nick Hanekom was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.業績と収益の成長予測DB:87O - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028161N/AN/AN/A212/31/2027156N/AN/AN/A212/31/2026151N/AN/AN/A212/31/20251651035555N/A9/30/2025151905152N/A6/30/2025138784849N/A3/31/2025126714546N/A12/31/2024115644343N/A9/30/20241062324040N/A6/30/2024984003838N/A3/31/2024934023737N/A12/31/2023884053737N/A9/30/2023842193636N/A6/30/202380333636N/A3/31/202378292929N/A12/31/202277252222N/A9/30/202266251818N/A6/30/202254241313N/A3/31/2022-22-461313N/A12/31/2021-35-461313N/A6/30/2021-104-2172323N/A3/31/2021-42-1431717N/A12/31/2020-36-2171818N/A9/30/202027-20255N/A6/30/202028-49305305N/A3/31/202031-63314314N/A12/31/20192916313313N/A9/30/201929-26N/A-9N/A6/30/201930-10N/A-293N/A3/31/20193876N/A-287N/A12/31/201840-15N/A-277N/A9/30/20183742N/A27N/A6/30/201834-9N/A22N/A3/31/201822-97N/A23N/A12/31/201714-4N/A23N/A9/30/201711-30N/A28N/A6/30/2017620N/A4N/A3/31/2017347N/A5N/A12/31/2016235N/A-6N/A9/30/2016140N/A0N/A6/30/2016021N/A12N/A3/31/201600N/A0N/A9/30/201500N/A0N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 87Oの予測収益成長が 貯蓄率 ( 1.9% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 87Oの収益がGerman市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 87Oの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 87Oの収益は今後 3 年間で減少すると予想されています (年間-0.4% )。高い収益成長: 87Oの収益は今後 3 年間で減少すると予測されています (年間-0.4% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 87Oの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/26 04:30終値2026/07/24 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Lighthouse Properties p.l.c. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Mahir HamdulayAbsa Bank LimitedRofhiwa TshishongaAvior Capital MarketsNazeem SamsodienMacquarie Research
Board Change • Jul 08High number of new directorsCOO & Director Laurian Mc Gonigal was the last director to join the board, commencing their role in 2026.
New Risk • Jun 28New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €39m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.3% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€39m sold).
Buy Or Sell Opportunity • Jun 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.3% to €0.36. The fair value is estimated to be €0.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has declined by 8.1%.
Recent Insider Transactions • Jun 04Non-Independent Non-Executive Director recently bought €4.1m worth of stockOn the 3rd of June, Desmond de Beer bought around 560k shares on-market at roughly €7.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €5.3m. Despite this recent purchase, insiders have collectively sold €26m more in shares than they bought in the last 12 months.
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Alternate Director Nick Hanekom was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Apr 10Lighthouse Properties p.l.c., Annual General Meeting, May 06, 2026Lighthouse Properties p.l.c., Annual General Meeting, May 06, 2026, at 10:00 Central European Standard Time. Location: company`s registered office, 4th floor, office 41, block a, il-piazzetta, tower road, sliema, slm 1605, Malta
お知らせ • Feb 06+ 1 more updateLighthouse Properties p.l.c. to Report Fiscal Year 2025 Results on Mar 04, 2026Lighthouse Properties p.l.c. announced that they will report fiscal year 2025 results at 4:50 PM, South Africa Standard Time on Mar 04, 2026
お知らせ • Jun 30Lighthouse Properties p.l.c. (JSE:LTE) acquired Gran Casino De Cartagena Espacio Mediterraneo Sa (Extinguida) from Westinvest Gesellschaft FÜR Investmentfonds Mbh for approximately €140 millionLighthouse Properties p.l.c. (JSE:LTE) acquired Gran Casino De Cartagena Espacio Mediterraneo Sa (Extinguida) from Westinvest Gesellschaft FÜR Investmentfonds Mbh for approximately €140 million on June 27, 2025. A cash consideration of €135.4 million will be paid by Lighthouse Properties p.l.c. As part of consideration, €135.4 million is paid towards common equity of Gran Casino De Cartagena Espacio Mediterraneo Sa (Extinguida). Lighthouse Properties p.l.c. (JSE:LTE) completed the acquisition of Gran Casino De Cartagena Espacio Mediterraneo Sa (Extinguida) from Westinvest Gesellschaft FÜR Investmentfonds Mbh for approximately €140 million on June 27, 2025.
お知らせ • Mar 28Lighthouse Properties p.l.c., Annual General Meeting, Apr 23, 2025Lighthouse Properties p.l.c., Annual General Meeting, Apr 23, 2025, at 10:00 Central European Standard Time. Location: company`s registered office, 4th floor, office 41, block a, il-piazzetta, tower road, sliema, slm 1605, Malta
お知らせ • Feb 18Lighthouse Properties p.l.c. to Report First Half, 2025 Results on Aug 12, 2025Lighthouse Properties p.l.c. announced that they will report first half, 2025 results on Aug 12, 2025
Recent Insider Transactions • Nov 10Non-Independent Non-Executive Director recently bought €26k worth of stockOn the 1st of November, Desmond de Beer bought around 65k shares on-market at roughly €0.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.4m. Insiders have collectively bought €6.2m more in shares than they have sold in the last 12 months.
New Risk • Oct 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (7.7% increase in shares outstanding).
Declared Dividend • Aug 19First half dividend reduced to €0.012Dividend of €0.012 is 13% lower than last year. Ex-date: 4th September 2024 Payment date: 12th September 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 60% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 17Lighthouse Properties p.l.c. Approves Interim Dividend for the Six Months Ended 30 June 2024, Payable on 12 September 2024Lighthouse Properties p.l.c. announced that the board of directors has approved an interim dividend of 1.21660 EUR cents per share for the six months ended 30 June 2024. The Board has resolved to offer Shareholders the interim dividend as a cash dividend of 1.21660 EUR cents per Lighthouse share (‘Cash Dividend’), with an alternative scrip distribution option (‘Scrip Distribution’) of 1.21660 EUR cents per Lighthouse share. Record Date is 6 September 2024 and Payment of Cash Dividend, is 12 September 2024. Shares commence trading ex-Scrip Distribution or Cash Dividend on the JSE and A2X on 4 September 2024.
New Risk • Aug 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.4% operating cash flow to total debt). High level of non-cash earnings (39% accrual ratio). Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (7.7% increase in shares outstanding).
New Risk • Jul 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Dividend is not well covered by cash flows (134% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (7.7% increase in shares outstanding).
Recent Insider Transactions • Jun 13Non-Independent Non-Executive Director recently bought €145k worth of stockOn the 10th of June, Desmond de Beer bought around 376k shares on-market at roughly €0.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.0m. Insiders have collectively bought €11m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • May 24Non-Independent Non-Executive Director recently bought €390k worth of stockOn the 21st of May, Desmond de Beer bought around 994k shares on-market at roughly €0.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.0m. Insiders have collectively bought €9.6m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • May 08Non-Independent Non-Executive Director recently bought €1.0m worth of stockOn the 30th of April, Desmond de Beer bought around 3m shares on-market at roughly €0.40 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €9.2m more in shares than they have sold in the last 12 months.
お知らせ • Apr 17Lighthouse Properties p.l.c., Annual General Meeting, May 14, 2024Lighthouse Properties p.l.c., Annual General Meeting, May 14, 2024, at 10:00 Central European Standard Time. Location: the Company's registered office on the 4th Floor, Office 41, Block A IL-Piazzetta, Tower Road Sliema Malta
Upcoming Dividend • Apr 03Upcoming dividend of €0.013 per shareEligible shareholders must have bought the stock before 10 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.7%).
Declared Dividend • Mar 18Final dividend of €0.013 announcedShareholders will receive a dividend of €0.013. Ex-date: 10th April 2024 Payment date: 15th May 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: €0.23 (vs €0.015 in FY 2022)Full year 2023 results: EPS: €0.23 (up from €0.015 in FY 2022). Revenue: €87.4m (up 14% from FY 2022). Net income: €407.7m (up €382.6m from FY 2022).
New Risk • Mar 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 146% Cash payout ratio: 153% Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Significant insider selling over the past 3 months (€15m sold).
Recent Insider Transactions • Nov 09Non-Independent Non-Executive Director recently bought €545k worth of stockOn the 6th of November, Desmond de Beer bought around 2m shares on-market at roughly €0.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €833k. Insiders have collectively bought €7.7m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Oct 13Non-Independent Non-Executive Director recently bought €60k worth of stockOn the 11th of October, Desmond de Beer bought around 224k shares on-market at roughly €0.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €833k. Insiders have collectively bought €6.8m more in shares than they have sold in the last 12 months.
お知らせ • Oct 08Lighthouse Properties plc Declares Dividend for the Six Months Ended 30 June 2023Lighthouse Properties plc announced that the Company intends to declare a dividend of 1.35 EUR cents per share for the six months ended 30 June 2023, being a decrease of 16.92% compared to the dividend of 1.625 EUR cents per share for the six months ended 30 June 2022.
Recent Insider Transactions • Oct 05Non-Independent Non-Executive Director recently bought €101k worth of stockOn the 2nd of October, Desmond de Beer bought around 377k shares on-market at roughly €0.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €833k. Insiders have collectively bought €7.3m more in shares than they have sold in the last 12 months.
Buying Opportunity • Sep 25Now 32% undervalued after recent price dropOver the last 90 days, the stock is down 36%. The fair value is estimated to be €0.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 67% over the last 3 years. Meanwhile, the company has become profitable.
Recent Insider Transactions • Sep 22Non-Independent Non-Executive Director recently bought €94k worth of stockOn the 20th of September, Desmond de Beer bought around 344k shares on-market at roughly €0.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €833k. Insiders have collectively bought €7.1m more in shares than they have sold in the last 12 months.
Board Change • Sep 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Alternate Non-Independent Non-Executive Director Nick Hanekom was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Aug 24Now 29% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 67% over the last 3 years. Meanwhile, the company has become profitable.
Upcoming Dividend • Aug 23Upcoming dividend of €0.013 per share at 11% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 12 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 11%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.8%).
お知らせ • Aug 23Lighthouse Properties plc Announces Cash Dividend for the Six Months Ended 30 June 2023Lighthouse Properties plc distributed to shareholders in respect of a cash dividend of 1,35 cents per share ("Cash Dividend"). The net Cash Dividend amount is 22,31723 ZAR cents per share for South African shareholders liable for South African dividends tax at a rate of 20%.
Recent Insider Transactions • Aug 20Non-Independent Non-Executive Director recently bought €295k worth of stockOn the 16th of August, Desmond de Beer bought around 1m shares on-market at roughly €0.29 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €632k. Insiders have collectively bought €6.9m more in shares than they have sold in the last 12 months.
New Risk • Aug 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 160% Cash payout ratio: 153% Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.4% increase in shares outstanding).
Board Change • Jul 26High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Alternate Non-Independent Non-Executive Director Nick Hanekom was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.