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Lighthouse Group

  • BY: Andrew Hore |
  • POSTED: 25/09/2012 |

Paul Mumford has been buying shares in IFA Lighthouse Group before and after it announced its interim figures.

He spoke out against the proposed cancellation of the Aim quotation. His firm Cavendish Asset Management has increased its stake to 5.16%.

Interim revenues declined from £30.9m to £27.2m and pre-exceptional profit fell from £512,000 to £354,000. No interim dividend is being paid.

There was net cash of £10.6m at the end of June 2012. Most of that cash is needed for regulatory capital and working capital.

At 5.12p a share, Lighthouse is valued at £6.54m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2012_36.pdf

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