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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 | 0.25 | 0.30 | 0.275 | 0.275 | 0.275 | 0.00 | 06:58:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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30th December 2016
Globe Capital Limited
("Globe Capital" or the "Company")
Interim Results for the nine months period to 30 September 2016
Chairman's Statement
Globe Capital Limited is pleased to announce its unaudited interim results for
the 9 months period to 30 September 2016. Operational costs for the period
amounted to GBP105k compared to GBP85k for the 6 months to June 2016 (6 months to
June 2015 - GBP56k)
At the start of the year, the Company realigned its investment focus towards
the retail sector with an emphasis on menswear. Following which, the Company
made its maiden investment with a 25% interest in Sterling Craig Ltd, a UK
based online retailer for men's fashion.
In January 2016, the Company raised GBP100k in new equity. The Directors continue
to seek further investment capital and hope to report on this in the near
future. Meanwhile, operational costs will be kept at a minimum until additional
funds are raised.
The Board continues to review potential acquisitions which is reliant on new
investment being achieved by virtue of equity or loan capital.
The company continues to be supported by loans arranged by the company's
directors.
Further announcements will be made in due course.
David Barnett
Chairman
30 December 2016
Globe Capital Limited
Statement of Comprehensive Income
Nine months ended 30 September 2016
9 months 6 months 6 months Year
ended ended ended ended
30 September 30 June 30 June 31 December
2016 2016 2015 2015
GBP '000 GBP '000 GBP '000 GBP '000
Revenue - - - -
Other Income - - - -
Gross Profit - - - -
Administrative Expenses (105) (85) (56) (129)
Profit / (Loss) from (105) (85) (56) (129)
Operations
Finance Costs - - - -
Profit / (Loss) Before (105) (85) (56) (129)
Taxation
Taxation - - - -
Other Comprehensive Loss - - - -
Profit / (Loss) for the (105) (85) (56) (129)
period
Earning / (Loss) per share
Basic & Diluted (pence) (0.12)p (0.10)p (0.08)p (0.17)p
Globe Capital Limited
Balance Sheet as at 30 September 2016
30 September 30 June 30 June 31 December
2016 2016 2015 2015
GBP '000 GBP '000 GBP '000 GBP '000
Non-current assets
Property, plant and - - 17 6
equipment
Investments 14 14 - -
Current assets
Prepayments 5 6 3 -
Cash and cash equivalents 5 4 11 10
Total Assets 24 24 31 16
Current Liabilities
Trade and other payables 23 38 7 65
Financial Liabilities - - - - -
Borrowings
Creditors: falling due after
more
Than one year
Loans 35 - - -
Total Liabilities 58 38 7 65
Net Assets (34) (14) 24 (49)
Shareholders' Equity
Share Capital 639 639 627 627
Reserves (673) (653) (603) (676)
Total Equity (34) (14) 24 (49)
Globe Capital Limited
Statement of Cash Flows
Period ended 30 September 2016
9 months 6 months 6 months
ended ended ended Year ended
30 September 30 June 30 June 31 December
2016 2016 2015 2015
GBP '000 GBP '000 GBP '000 GBP '000
Profit/(Loss) before tax (105) (85) (56) (129)
Adjustment:
Other income - - - -
Depreciation 6 6 11 22
Operating profit/(loss) (99) (79) (44) (107)
Cash flows from operating
activities
(Increase)/decrease in trade and (5) (6) (3) 1
other receivables
Increase/(decrease) in trade and (7) (27) (1) 57
other payables
Share based payments 20 20 - -
Cash utilised in operations (91) (92) (48) (49)
Cash flows from investing
activities
Bank interest received - - - -
Purchase of investments (14) (14) - -
Net cash from investing activities (14) (14) - -
Cash flows from financing
activities
Issue of new shares 100 100 - -
Net cash from financing activities 100 100 - -
(Decrease)/increase in cash and (5) (6) (48) (49)
cash equivalents
Cash and cash equivalents at the 10 10 59 59
beginning of the period
Cash and cash equivalents at end of 5 4 11 10
period
Cash at Bank C/F 4 4 11 10
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 GBP105,000 (Jun 15: loss GBP56,000) by the weighted average number of
ordinary shares of 87,773,045 (Jun 15: 74,638,800).
The directors of Globe Capital Limited accept responsibility for this
announcement.
For further information:
Globe Capital Limited
Christopher Neo, Company Secretary
+44 (0)20 3286 6388
CORPORATE ADVISER AND CONTACT DETAILS:
Alexander David Securities Limited
David Scott
Telephone: +44 (0) 20 7448 9820
49 Queen Victoria Street EC4N 4SA
END
(END) Dow Jones Newswires
December 30, 2016 06:44 ET (11:44 GMT)
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