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General information

Sector: Financials

The company is not available at Interactive Brokers

Lighthouse Capital Limited (JSE:LTE) is a hybrid company that invests in both direct property and infrastructure and indirectly through investments in listed real estate and infrastructure securities in selected jurisdictions including Australia, Canada, Europe, Hong Kong, Singapore, the United Kingdom and the United States.

Physical property investments are focused on retail assets across Europe and the United Kingdom. Lighthouse Capital targets properties with strong sustainable income from high quality tenants with strong likelihood of renewal of leases on expiry.

Lighthouse Capital 2019s listed portfolio is well diversified with a focus on real estate and infrastructure investments.

The Company believes that there is a significant market for a dual listed property company established to acquire such properties and invest in global listed companies, in order to offer investors an opportunity to invest international property assets. The Company was established to meet the demands of this market and the Company intends to take advantage of the business relationships, skills, market knowledge and experience of its Chief executive officer, Stephen Delport and his experienced team, to fulfil its business objectives.

In order to take advantage of these opportunities it is necessary for the Company to be able to raise capital quickly, to enable it to grow its assets. The benefit of a dual listing is that it allows the Company to raise capital in South Africa and Mauritius, having regard to the strength of the directors 2019 relationships and the known interest of investors in those jurisdictions.

The Company 2019s investments may be held through subsidiaries incorporated in appropriate jurisdictions for the purpose of maximising tax efficiencies of the Company 2019s underlying investments. All business operations will be carried out by Lighthouse Capital.

Lighthouse Capital is led by a team of individuals with significant experience and successful track records in real estate and fund management, and having sufficient and satisfactory experience in the management of global businesses.



  • Good financial results growth rate 47.8% (average between last period year over year growth for revenue and Net Income), there is acceleration compared to average historical growth rates (1.6%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 59.0% higher than minimum and 16.8% lower than maximum for the last 3 years
  • The company is overvalued by P/E LTM multiple compared to target level (23.7x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (+0.1%)7.95
Share price, USD: 0.4542
Common stocks: 1 895 465 995

Dividend Yield:  0.0%
P/E LTM: 23.7x
Last revenue growth (y/y):  +17.9%
Last growth of Net Income (y/y):  +77.7%
Historical revenue growth:  +233.4%
Historical growth of Net Income:  +94.4%
Target P/E (hist percentile):
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 861
Net Profit ($m): 36
P/E LTM: 23.7x
Price to Book: 1.98x

Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

P / E

Potential dynamics

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-08-15
Dealings in securities by an associate of a director of the company
2022-08-11
Availability of unaudited results for six months ended 30 June 2022, distribution, small related party transaction
2022-08-11
Summarised unaudited consolidated financial results for the six months ended 30 June 2022
2022-06-30
Voluntary market update
2022-06-14
Dealings in securities by an associate of a director of the company
2022-06-01
Dealings in securities by an associate of a director
2022-05-26
Dealings in securities by an associate of a director of the company
2022-05-25
Dealings in securities by an associate of a director
2022-05-24
Dealings in securities by associates of directors of the company
2022-05-23
Dealings in securities by an associate of a director of the company
2022-05-20
Results of annual general meeting
2022-05-19
Dealings in securities by an associate of a director of the company
2022-05-18
Dealings in securities by an associate of a director of the company
2022-05-17
Dealings in securities by an associate of a director of the company
2022-04-22
Posting of notice of AGM, availability of IAR and dividend finalisation announcement
2022-04-11
Revocation of dividend, declaration of dividend and amendment to date of annual general meeting
2022-03-22
Dealings in securities by an associate of a director of the company
2022-03-11
Availability of results, dividend declaration, French loan and acquisition of Torrecardenas Shopping Centre
2022-03-11
Summarised audited consolidated financial results for the year ended 31 December 2021
2022-01-11
Finalisation announcement: change of name
2021-12-30
Change in company secretary
2021-12-30
Redomicile of Lighthouse to Malta and change of name
2021-12-10
Business update
2021-11-11
Results of general meeting and changes to the board
2021-11-05
Dealings in securities by an associate of a director of the company
2021-11-03
Dealings in securities by an associate of a director of the company

SENS Announcements

2024-09-19
Results of equity capital raise by accelerated bookbuild
2024-09-19
Increase in amount of equity capital raise by accelerated bookbuild
2024-09-19
Lighthouse equity raise
2024-09-12
Dealings in securities by directors and associates of directors of the company
2024-09-11
Closing of the acquisition of a mall in Portugal
2024-09-09
Results of scrip distribution election, issue of new shares and total voting rights
2024-09-06
Dealings in securities by an associate of a director of the company
2024-09-05
Cash payment in respect of fractional entitlements
2024-09-03
Dealings in securities by an associate of a director of the company
2024-08-27
Dividend/distribution finalisation announcement for the six months ended 30 June 2024
2024-08-26
Disposal of shares
2024-08-16
Dealings in securities by an associate of a director of the company
2024-08-16
Dividend declaration and availability of scrip distribution circular
2024-08-14
Unaudited consolidated interim results for the six months ended 30 June 2024
2024-07-29
Disposal of shares
2024-07-22
Category 2 transaction - disposal of Planet Koper
2024-07-04
Category 2 transaction - Acquisition of a mall in Portugal
2024-06-28
Pre-close update
2024-06-18
Disposal of shares
2024-06-18
Dealings in securities by an associate of a director of the company
2024-06-13
Dealings in securities by an associate of a director of the company
2024-06-12
Dealings in securities by an associate of a director of the company
2024-06-11
Dealings in securities by an associate of a director of the company
2024-05-23
Dealings in securities by an associate of a director of the company
2024-05-22
Dealings in securities by an associate of a director of the company
2024-05-21
Disposal of Hammerson shares
2024-05-17
Dealings in securities by an associate of a director of the company
2024-05-15
Dealings in securities by an associate of a director of the company
2024-05-14
Results of annual general meeting
2024-05-02
Dealings in securities by an associate of a director of the company
2024-04-30
Dealings in securities by an associate of a director of the company
2024-04-17
Dealings in securities by an associate of a director of the company
2024-04-16
Posting of notice of annual general meeting and a category 1 circular
2024-04-15
Results of scrip distribution election, issue of new shares and total voting rights
2024-04-11
Cash payment in respect of fractional entitlements
2024-04-03
Closing of the acquisition of a mall in Spain
2024-04-02
Dividend/distribution finalisation announcement for the six months ended 31 December 2023
2024-03-19
Dealings in securities by an associate of a director of the company
2024-03-18
Dealings in securities by an associate of a director of the company
2024-03-15
Dividend declaration and availability of scrip distribution circular
2024-03-14
Directors’ dealings in securities of the Company
2024-03-11
Availability of integrated report and distribution
2024-03-11
Consolidated financial results for the year ended 31 December 2023 and outlook for 2024
2024-03-07
Category 2 transaction - Acquisition of retail shopping centre in Spain
2024-03-06
Category 2 transaction - Disposal of shares
2024-01-31
Closing of the acquisition of a retail shopping centre in Spain
2024-01-08
Category 2 transaction - Disposal of shares
2023-12-21
Category 2 transaction - Acquisition of a retail shopping centre in Spain
2023-12-07
Dealings in securities by an associate of a director of the company
2023-12-06
Dealings in securities by associates of a director of the company
2023-12-04
Pre-close update
2023-12-04
Category 2 transaction - Disposal of shares
2023-11-30
Disposal of shares in Hammerson plc
2023-11-29
Dealings in securities by an associate of a director of the company
2023-11-22
Dealings in securities by an associate of a director of the company
2023-11-21
Dealings in securities by an associate of a director of the company
2023-11-17
Dealings in securities by an associate of a director of the company
2023-11-15
Dealings in securities by an associate of a director of the company
2023-11-14
Dealings in securities by an associate of a director of the company
2023-11-13
Dealings in securities by an associate of a director of the company
2023-11-09
Dealings in securities by an associate of a director of the company
2023-11-07
Dealings in securities by an associate of a director of the company
2023-11-06
Dealings in securities by an associate of a director of the company
2023-11-03
Dealings in securities by an associate of a director of the company
2023-10-30
Dealings in securities by an associate of a director of the company
2023-10-27
Dealings in securities by an associate of a director of the company
2023-10-23
Dealings in securities by an associate of a director of the company
2023-10-20
Dealings in securities by an associate of a director of the company
2023-10-19
Dealings in securities by an associate of a director of the company
2023-10-18
Dealings in securities by an associate of a director of the company
2023-10-17
Dealings in securities by an associate of a director of the Company
2023-10-13
Dealings in securities by an associate of a director of the company
2023-10-12
Dealings in securities by an associate of a director of the company
2023-10-11
Dealings in securities by an associate of a director of the company
2023-10-09
Dealings in securities by an associate of a director of the company
2023-10-06
Dealings in securities by an associate of a director of the company
2023-10-04
Dealings in securities by an associate of a director of the company
2023-10-03
Dealings in securities by an associate of a director of the company
2023-10-02
Dealings in securities by an associate of a director of the company
2023-09-26
Dealings in securities by an associate of a director of the company
2023-09-22
Dealings in securities by an associate of a director of the company
2023-09-21
Dealings in securities by an associate of a director of the company
2023-09-12
Dealings in securities by an associate of a director of the company
2023-09-11
Dealings in securities by an associate of a director of the company
2023-09-07
Dealings in securities by an associate of a director of the company
2023-09-06
Dealings in securities by directors and associates of directors of the company
2023-09-05
Dealings in securities by an associate of a director of the company
2023-09-04
Results of scrip distribution election, issue of new shares and total voting rights
2023-09-04
Dealings in securities by an associate of a director of the company
2023-09-01
Dealings in securities by an associate of a director of the company
2023-08-31
Cash payment in respect of fractional entitlements
2023-08-30
Dealings in securities by an associate of a director of the company
2023-08-29
Dealings in securities by an associate of a director of the company
2023-08-25
Dealings in securities by an associate of a director of the company
2023-08-24
Dealings in securities by an associate of a director of the company
2023-08-23
Dealings in securities by an associate of a director of the company
2023-08-22
Dealings in securities by an associate of a director of the company
2023-08-22
Dividend/distribution finalisation announcement for the six months ended 30 June 2023
2023-08-18
Dealings in securities by an associate of a director of the company
2023-08-17
Dealings in securities by an associate of a director of the company
2023-08-16
Dealings in securities by an associate of a director of the company
2023-08-15
Dividend declaration and availability of scrip distribution circular
2023-08-14
Unaudited consolidated interim results for the six months ended 30 June 2023
2023-08-10
Trading statement
2023-07-11
Secondary Listing on A2X
2023-06-27
Dealings in securities by an associate of a director of the company
2023-06-26
Dealings in securities by an associate of a director of the Company
2023-06-12
Voluntary market update
2023-05-12
Dealings in securities by an associate of a director of the Company
2023-05-11
Changes to the board of directors
2023-05-11
Dealings in securities by an associate of a director of the Company
2023-05-08
Dealings in securities by an associate of a director of the Company
2023-05-05
Dealings in securities by an associate of a director of the Company
2023-05-04
Dealings in securities by an associate of a director of the company
2023-05-02
Dealings in securities by an associate of a director of the Company
2023-04-26
Results of the annual general meeting
2023-04-24
Dealings in securities by an associate of a director of the Company
2023-04-20
Dealings in securities by directors and associates of directors of the Company
2023-04-17
Results of Scrip Distribution election, issue of new shares and total voting rights
2023-04-17
Dealings in securities by an associate of a director of the company
2023-04-13
Cash payment in respect of scrip distribution fractional entitlements
2023-04-13
Dealings in securities by an associate of a director of the Company
2023-04-03
Dealings in securities by an associate of a director of the company
2023-03-31
Finalisation announcement in respect of a scrip distribution for the six months ended 31 December 2022
2023-03-31
Dealings in securities by an associate of a director of the Company
2023-03-28
Posting of integrated report and notice of annual general meeting
2023-03-28
Dealings in securities by an associate of a director of the company
2023-03-24
Dealings in securities by an associate of a director of the company
2023-03-22
Distribution declaration and availability of scrip distribution circular
2023-03-22
Dealings in securities by an associate of a director of the company
2023-03-20
Availability of integrated report, notice of AGM, distribution declaration, board changes, director's dealings
2023-03-20
Summarised consolidated financial statements for the year ended 31 December 2022
2022-12-19
Dealings in securities by an associate of a director of the Company
2022-12-15
Dealings in securities by an associate of a director of the company
2022-12-07
Dealings in securities by an associate of a director of the company
2022-12-05
Dealings in securities by an associate of a director of the company
2022-12-05
Closing and results of offer, issue of new shares and total voting rights
2022-12-05
Dealings in securities by an associate of a director of the company
2022-12-02
Dealings in securities by an associate of a director of the company
2022-12-02
Dealings in securities by an associate of a director of the company
2022-12-01
Voluntary market update
2022-12-01
Dealings in securities by associates of directors of the company
2022-11-29
Dealings in securities by an associate of a director of the company
2022-11-25
Abridged prospectus
2022-11-25
Dealings in securities by associates of a director of the company
2022-11-18
Dealings in securities by an associate of a director of the company
2022-11-17
Dealings in securities by an associate of a director of the company
2022-11-16
Dealings in securities by an associate of a director of the company
2022-11-14
Dealings in securities by an associate of a director of the company
2022-11-10
Dealings in securities by an associate of a director of the company
2022-11-09
Dealings in securities by an associate of a director of the company
2022-11-08
Dealings in securities by an associate of a director of the company
2022-11-07
Dealings in securities by an associate of a director of the company
2022-11-02
Dealings in securities by an associate of a director of the company
2022-11-01
Dealings in securities by an associate of a director of the company
2022-10-28
Dealings in securities by an associate of a director of the company
2022-10-25
Dealings in securities by an associate of a director
2022-10-14
Dealings in securities by an associate of a director of the company
2022-10-10
Dealings in securities by an associate of a director of the company
2022-10-05
Dealings in securities by an associate of a director of the company
2022-10-03
Dealings in securities by an associate of a director of the company
2022-09-23
Dealings in securities by an associate of a director of the company
2022-09-23
Finalisation of fairness opinion - small related party transaction
2022-09-19
Dealings in securities by directors and associates of directors of the company
2022-09-16
Results of scrip distribution election, issue of new shares and total voting rights
2022-09-15
Fractional entitlement and dealings in securities
2022-09-14
Dealings in securities by an associate of a director of the company
2022-09-13
Further announcement in respect of the distribution for the six months ended 30 June 2022
2022-09-12
Dealings in securities by an associate of a director of the company
2022-09-06
Dealings in securities by an associate of a director of the company
2022-09-06
Finalisation announcement - scrip distribution for the six months ended 30 June 2022
2022-09-02
Dealings in securities by an associate of a director of the company
2022-08-30
Declaration announcement and availability of scrip distribution circular
2022-08-23
Dealings in securities by an associate of a director of the company
2022-08-19
Dealings in securities by an associate of a director of the company
2022-08-18
Dealings in securities by an associate of a director
2022-08-15
Dealings in securities by an associate of a director of the company
2022-08-11
Availability of unaudited results for six months ended 30 June 2022, distribution, small related party transaction
2022-08-11
Summarised unaudited consolidated financial results for the six months ended 30 June 2022
2022-06-30
Voluntary market update
2022-06-14
Dealings in securities by an associate of a director of the company
2022-06-01
Dealings in securities by an associate of a director
2022-05-26
Dealings in securities by an associate of a director of the company
2022-05-25
Dealings in securities by an associate of a director
2022-05-24
Dealings in securities by associates of directors of the company
2022-05-23
Dealings in securities by an associate of a director of the company
2022-05-20
Results of annual general meeting
2022-05-19
Dealings in securities by an associate of a director of the company
2022-05-18
Dealings in securities by an associate of a director of the company
2022-05-17
Dealings in securities by an associate of a director of the company