Recent Insider Transactions • Jun 04
Non-Independent Non-Executive Director recently bought €4.1m worth of stock On 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 01
Insufficient new directors No 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. Announcement • Apr 11
Lighthouse Properties p.l.c., Annual General Meeting, May 06, 2026 Lighthouse 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 Announcement • Jun 30
Lighthouse 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 Lighthouse 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. Announcement • Mar 28
Lighthouse Properties p.l.c., Annual General Meeting, Apr 23, 2025 Lighthouse 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 Announcement • Feb 18
Lighthouse Properties p.l.c. to Report First Half, 2025 Results on Aug 12, 2025 Lighthouse Properties p.l.c. announced that they will report first half, 2025 results on Aug 12, 2025 Recent Insider Transactions • Nov 10
Non-Independent Non-Executive Director recently bought €26k worth of stock On 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 09
New minor risk - Financial data availability The 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 19
First half dividend reduced to €0.012 Dividend 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. Announcement • Aug 17
Lighthouse Properties p.l.c. Approves Interim Dividend for the Six Months Ended 30 June 2024, Payable on 12 September 2024 Lighthouse 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 15
New major risk - Financial position The 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 30
New minor risk - Share price stability The 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 13
Non-Independent Non-Executive Director recently bought €145k worth of stock On 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 24
Non-Independent Non-Executive Director recently bought €390k worth of stock On 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 08
Non-Independent Non-Executive Director recently bought €1.0m worth of stock On 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. Announcement • Apr 17
Lighthouse Properties p.l.c., Annual General Meeting, May 14, 2024 Lighthouse 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 03
Upcoming dividend of €0.013 per share Eligible 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 18
Final dividend of €0.013 announced Shareholders 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 13
Full 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 03
New minor risk - Financial data availability The 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 09
Non-Independent Non-Executive Director recently bought €545k worth of stock On 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 13
Non-Independent Non-Executive Director recently bought €60k worth of stock On 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. Announcement • Oct 08
Lighthouse Properties plc Declares Dividend for the Six Months Ended 30 June 2023 Lighthouse 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 05
Non-Independent Non-Executive Director recently bought €101k worth of stock On 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 25
Now 32% undervalued after recent price drop Over 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 22
Non-Independent Non-Executive Director recently bought €94k worth of stock On 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 20
High number of new directors There 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 24
Now 29% undervalued after recent price drop Over 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 23
Upcoming dividend of €0.013 per share at 11% yield Eligible 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%). Announcement • Aug 23
Lighthouse Properties plc Announces Cash Dividend for the Six Months Ended 30 June 2023 Lighthouse 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 20
Non-Independent Non-Executive Director recently bought €295k worth of stock On 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 17
New minor risk - Earnings quality The 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 26
High number of new directors There 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.