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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Globe Capital Limited | AQSE:GCAP | Aquis Stock Exchange | Ordinary Share | KYG394391158 | Ordinary shares |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 0.10 | 0.30 | 0.275 | 0.20 | 0.275 | 0.00 | 15:29:02 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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14 October 2019
Globe Capital Limited
("Globe Capital" or the "Company")
Interim Results for the six months period to 30 June 2019
Chairman's Statement
Globe Capital Limited is pleased to announce its unaudited interim results for
the 6 months period to 30 June 2019. Operational costs for the period amounted
to GBP82k compared to GBP113k for the 6 months to June 2018.
The company is continuing with the promotion of companies from the UK and EU
within the gulf region and the company continues to seek medium to long term
investments in businesses that exhibit growth potential. The Company continues
to intend to be an active investor in situations where the Company can make a
clear contribution to the growth and development of the investment.
The company is continuing to see a slowing down of opportunities within Dubai
due to the changes in the countries banking regulations, which has been further
impacted by the continued delay and uncertainty around BREXIT, affecting both
the UK and the EU.
14th October 2019
David Barnett
Chairman
Globe Capital Limited
Statement of Comprehensive Income
Six months ended 30 June 2019
6 months 6 months Year ended
ended ended 31 December
30 June 2019 30 June 2018 2018
GBP '000 GBP '000 GBP '000
Revenue - - -
Other Income 6 - 6
Gross Profit - - -
Administrative Expenses (82) (113) (219)
Profit / (Loss) from Operations (76) (113) (213)
Finance Costs - - -
Profit / (Loss) Before Taxation (76) (113) (213)
Taxation - - -
Other Comprehensive Loss - - -
Profit / (Loss) for the period (76) (113) (213)
Earning / (Loss) per share
Basic & Diluted (pence) (0.03)p (0.05)p (0.09)p
Globe Capital Limited
Balance Sheet as at 30 June 2018
30 June 30 June 31 December
2019 2018 2018
GBP '000 GBP '000 GBP '000
Non-current assets
Property, plant and equipment 9 21 16
Investments 14 14 14
Loans Receivable - - 25
Current assets
Prepayments 22 57 48
Cash and cash equivalents 12 169 57
Other debtors and receivables 146 126 110
Total Assets 203 387 270
Current Liabilities
Trade and other payables 130 138 162
Accruals 38 44 -
Financial Liabilities - Borrowings - - -
Creditors: falling due after more than one year
Amounts due to directors 17 11 14
Amounts due to a shareholder - - -
Total Liabilities 185 193 176
Net Assets 18 194 94
Shareholders' Equity
Share Capital 645 645 645
Reserves (627) (451) (551)
Total Equity 18 194 94
Globe Capital Limited
Statement of Cash Flows
Period ended 30 June 2018
6 months 6 months Year ended
ended ended 31 December
30 June 30 June 2018
2019 2018
GBP '000 GBP '000 GBP '000
Profit/(Loss) before tax (76) (113) (213)
Adjustment:
Other income - - 5
Depreciation - - (7)
Operating profit/(loss) (76) (113) (215)
Cash flows from operating activities
(Increase)/decrease in trade and other receivables 3 (177) (40)
Increase/(decrease) in trade and other payables 6 7 (13)
Amounts due to Directors 3 (21) (18)
Share based payments - -
Cash utilised in operations (64) (304) (286)
Cash flows from investing activities
Interest received 6 - 6
Loans receivable 13 - (136)
Purchase of tangible assets - (21) (21)
Net cash from investing activities 19 (21) (151)
Cash flows from financing activities
Issue of new shares - 450 450
Amounts due to a shareholder - (14) (14)
Net cash from financing activities - 436 436
(Decrease)/increase in cash and cash equivalents (45) 111 (1)
Cash and cash equivalents at the beginning of the 57 58 58
period
Cash and cash equivalents at end of period 12 169 57
Cash at Bank C/F 12 169 57
The financial information set out above has not been reviewed or audited by the
company's auditors.
Basic and diluted profit per share is calculated by dividing the loss for the
period of GBP113,000 (2018: loss GBP113,000) by the weighted average number of
ordinary shares of 255,919,752 (2018: 222,586,419).
The directors of Globe Capital Limited accept responsibility for this
announcement.
For further information
Globe Capital Limited
David Barnett
Chairman
+1-855-280-6793
CORPORATE ADVISER AND CONTACT DETAILS:
Brian Stockbridge
First Sentinel Corporate Finance
Suite 12A
55 Park Lane
Mayfair, London
W1K 1NA
Tel +44 (0) 207 183 7405
E-mail: Brian@first-sentinel.com
END
(END) Dow Jones Newswires
October 15, 2019 10:13 ET (14:13 GMT)
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