21 May 2010 – interim management statement
At today’s AGM, the company will update on progress in the financial year to date with trading in line with expectations. The home credit business has increased revenues by 2% with the motor finance operations having an excellent start to the year with revenues up by 20%. Net debt has fallen to £26.1m and should fall further in the second quarter. Assuming a total dividend for the year of 36p, the shares yield 6.6% and are a BUY.