S & U – 870p

6 December 2012 – interim management statement

The group has continued to make solid progress in the period from 1 August to 6 December with both the consumer finance and motor finance divisions doing well.  Credit availability in consumer credit is up 10% on last year while Advantage Finance, the motor finance business, has seen a further £2m invested in its loan book. Customer numbers in the latter are 14% higher than a year ago and new finance products have been well received.  Gearing is down to 31% from 33% at the half year and despite the increase in the share price the shares remain ATTRACTIVE.

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