20 September 2010 – interim results
Results for the six months ended 30 June 2010 were reassuring. Steady progress has been made and the group remains cash generative. An improved interim dividend of 0.12p per share was declared, demonstrating confidence in the future. Lighthouse Group’s market capitalisation remains below the level of cash held. Cash balances were over £12m at the end of June and City Trustees was sold for £1.85m in cash last month, increasing liquid resources further. We rate the shares as a BUY.