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| Share Name | Share Symbol | Market | Stock Type |
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| Abingdon Cap | ANC | London | Ordinary Share |
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Posted at 07/12/2004 08:54 by ntv missed this oneRNS Number:3659F Access Intelligence PLC 18 November 2004 EMBARGOED 7.00AM 18 November 2004 Access Intelligence plc Placing to raise #3 million at 10p per share Access Intelligence plc ("Access Intelligence" or "Company"), the AIM listed marketing services company, is pleased to announce a placing to raise #3 million, before expenses. The Placing will provide additional funds to finance a number of potential acquisitions and provide additional working capital for the development of the Group. Corporate Synergy, the Nominated Adviser and Broker to the Company, has conditionally placed 30,000,000 new Ordinary Shares with institutional and other investors at 10 pence per share. The Placing has not been underwritten. In order to effect the Placing the Company has convened an Extraordinary General Meeting to be held on 13 December 2004. |
Posted at 28/11/2004 11:12 by topvest Mountcashel LLPThe Group holds an equity interest of 25 per cent in Mountcashel LLP, a regulated hedge fund manager. In May of the period under review the Mountcashel Fund was launched, with initial investors committing $16 million. The Mountcashel Fund is listed in Dublin and managed by Mountcashel LLP. Prior to this the Group reduced its exposure to Mountcashel LLP from 50 per cent to 25 per cent allowing management to subscribe for further equity in the LLP so as to have an appropriate exposure to risk as well as to reward. To date the fund, which works on a 'momentum' principle, has, in common with all hedge funds, had a somewhat difficult May and June but losses in each month were limited to under one per cent. In July the fund recorded a profit of over one per cent. In relative terms these results out perform the general hedge fund indices for the period but we are well aware that investors are only interested in absolute, rather than relative, returns. The Mountcashel LLP funds are quoted on the Irish Stock Exchange. NAV c. 100p - anyone know the issue price? Probably a £1 so not going great at the moment, but at least they haven't lost money. What about a flotation of Mountcashel LLP? M&P Direct still hasn't floated - suspect they may have delayed to get the Dec results audited as the results were not great last year. Both of these could be worth a fair bit for ANC shareholders. Getting close to Xmas. Any new issues to be completed by the year-end will need to be announced (through 10 day notice) in the next fortnight. It's been a tad quiet the last few weeks at CS, but I suspect that they have a few deals to close-down in this time period. |
Posted at 22/11/2004 20:49 by topvest Some more fees today - P Live plc Placing of 1,375,000 new ordinary shares at 55p per share The directors of IP Live plc are pleased to announce the placing of 1,375,000 ordinary shares at a price of 55p per share with an institutional investor. Application has been made to the London Stock Exchange for admission of the new ordinary shares to trading on AIM with admission expected to occur on 25 November 2004. The placing will raise £756,250 for the company and the proceeds will be used to assist the company in achieving its plans to expand its activities in the live entertainment market. Chief Executive Jemma George said: "We are delighted to have raised additional funds which enable us to pursue further live entertainment opportunities. The board continues to identify potential investments and the funds raised at this placing put us in a stronger financial position." |
Posted at 16/8/2004 08:16 by optimist at large Interim 6 month results out, turnover up 132%, makes a profit and cash is still equal to 50% market cap:-RNS Number:9721B Abingdon Capital PLC 16 August 2004 Abingdon Capital plc Interim results for the six months to 30 June 2004 Abingdon Capital plc reports its unaudited interim results for the six months to 30 June 2004 and a return to profitability. Financial and operational highlights: * Group turnover up 132% to #1,722,000 (2003: #742,000) * Group pre-tax profit of #270,000 (2003: pre-tax loss of #228,000) * Proposed interim dividend of 0.125p per share represents 25% increase on last year (2003: 0.1p per share) * Group cash balance of #3,436,000 * Continued strong performance and significant growth from the Group's principal operating subsidiary, Corporate Synergy, now established as a fully integrated securities house servicing smaller companies * Launch of first hedge fund in May for Mountcashel LLP (the Group's 25% owned hedge fund management subsidiary - commitment of $16 million from initial investors * Further strengthening of the Board following the appointment during the period of former Chief Executive of the London Stock Exchange, Gavin Casey Commenting on today's announcement, Oliver Vaughan, Chairman of Abingdon Capital, said: "The Board looks to the rest of the year with confidence. Whilst overall performance for the year may well be affected by market conditions, which remain uncertain, our principal operating subsidiary, Corporate Synergy, continues to attract new clients, greater market recognition and improving levels and quality of business." Enquires, please contact: Oliver Vaughan, Chairman Abingdon Capital 020 7937 4445 Edward Vandyk, Chief Executive Katharine Sharkey/Jenny Leahy Gresham PR Ltd 020 7404 9000 Simon Hayes KBC Peel Hunt Ltd 020 7418 8900 Chairman's Statement I am pleased to be able to report to you that the cautious optimism expressed in my previous statements is beginning to be turned into reality. The results for the six months ended 30 June 2004 show pre-tax profits for the Group as a whole of #270,000. The tax charge in the period is nil leaving profits after tax at the same figure. In the light of the results it is proposed to pay an increased interim dividend of 0.125p per share on 24th September 2004 to holders on the register on 3rd September 2004, compared with 0.1p for the maiden interim dividend paid in 2003. I am delighted to have been able to welcome Gavin Casey, formerly Chief Executive of the London Stock Exchange, to our Board during the period under review. The underlying feature of these results was the strong performance from the Group's principal operating subsidiary, Corporate Synergy. Corporate Synergy plc The turnover of #1.65 million generated by Corporate Synergy for the six months ended 30 June 2004 exceeded that for the whole of the previous year and the profits attributable to Corporate Synergy exceeded #400,000 for the period. 2004 has been a period of significant growth and change at Corporate Synergy with the establishment of the firm as a fully integrated securities house servicing smaller quoted companies. Corporate Synergy now provides corporate finance, research and sales services to a growing list of clients. Compared with this time last year staff numbers at Corporate Synergy have almost doubled and it now acts for 22 retained client companies, compared with 14 at the end of 2003. In addition Corporate Synergy has raised in excess of #20 million for client companies (a service not offered this time last year) and has undertaken 19 transactions in the period (including 4 new issues and a further 7 placings) compared with 16 in the whole of 2003. On 1 July 2004 Corporate Synergy announced a new management structure with Justin Lewis, previously head of broking, being appointed Chief Executive, whilst Edward Vandyk will concentrate on a more client oriented role within Corporate Synergy itself and on taking the Group forward in his role as Chief Executive of Abingdon Capital. Mountcashel LLP The Group holds an equity interest of 25 per cent in Mountcashel LLP, a regulated hedge fund manager. In May of the period under review the Mountcashel Fund was launched, with initial investors committing $16 million. The Mountcashel Fund is listed in Dublin and managed by Mountcashel LLP. Prior to this the Group reduced its exposure to Mountcashel LLP from 50 per cent to 25 per cent allowing management to subscribe for further equity in the LLP so as to have an appropriate exposure to risk as well as to reward. To date the fund, which works on a 'momentum' principle, has, in common with all hedge funds, had a somewhat difficult May and June but losses in each month were limited to under one per cent. In July the fund recorded a profit of over one per cent. In relative terms these results out perform the general hedge fund indices for the period but we are well aware that investors are only interested in absolute, rather than relative, returns. Investments The Group has maintained a strong cash position whilst at the same time investing some of our resources to the Mountcashel Fund where we, as investors, will be looking for enhanced returns. The Group still has a limited number of investments not connected with its core activities including a stake in M&P Direct PLC, which has stated its intentions to seek a quotation on AIM as soon as is practicable. In addition the Group has a 20 per cent stake, costing #75,000, in Formjet PLC which expects to float on AIM shortly. Based on the projected placing price at which funds are proposed to be raised on admission to AIM, this will show a substantial uplift in value of the Group's investment. The Group intends to continue to seek out similar opportunities to act as principal where appropriate. Outlook The Board looks to the rest of the year with confidence. Whilst overall performance for the year may well be affected by uncertain market conditions, our principal operating subsidiary, Corporate Synergy, continues to attract new clients, greater market recognition and improving levels and quality of business. As stated above, as an indication of the Board's confidence in the Group's future prospects, it intends to pay an interim dividend of 0.125p per share, payable to shareholders on the register on 24 September 2004. Oliver Vaughan Chairman 16 August 2004 Consolidated Profit and Loss Account for the six months to 30 June 2004 Unaudited Unaudited Audited Six months to Six months to Year ended 30 June 30 June 31 December 2004 2003 2003 #'000 #'000 #'000 Turnover 1,722 742 1,759 Cost of sales (1,033) (344) (1,264) ----------- ----------- ---------- Gross profit 689 398 495 Administrative expenses: (859) (714) (1,436) Other operating income 39 - 20 ----------- ----------- ---------- Loss on ordinary activities before interest (131) (316) (921) Profit on disposal of investments 333 176 Investment income - - 2 Interest receivable and similar income 68 88 169 Interest payable and similar charges - - (18) ----------- ----------- ---------- Profit / (loss) on ordinary activities before taxation 270 (228) (592) Taxation - - 14 ----------- ----------- ---------- Profit / (loss) on ordinary activities after taxation 270 (228) (578) Dividends (72) (57) (114) ----------- ----------- ---------- Transfer to / (from) Reserves 198 (285) (692) =========== =========== ========== Earnings/(loss) per ordinary share (pence) - Basic 0.47 (0.40) (1.02) - Diluted 0.43 (0.39) (1.02) =========== =========== ========== Consolidated Balance Sheet Unaudited Unaudited Audited 30 June 30 June 31 December 2004 2003 2003 #'000 #'000 #'000 Fixed assets Tangible assets 121 55 121 Investments 265 - 325 ----------- ----------- ---------- 386 55 446 ----------- ----------- ---------- Current assets Investments 2,613 734 446 Debtors 634 664 604 Cash at bank and in hand 3,436 5,312 4,983 ----------- ----------- ---------- 6,683 6,710 6,033 ----------- ----------- ---------- Creditors: Amounts falling due within one year (981) (566) (589) ----------- ----------- ---------- Net current assets 5,702 6,144 5,444 ----------- ----------- ---------- Total assets less current liabilities 6,088 6,199 5,890 =========== =========== ========== Capital and reserves Called up share capital 58 57 58 Share premium 845 748 845 Other reserves 2,708 2,708 2,708 Profit and loss account 2,477 2,686 2,279 ----------- ----------- ---------- Equity shareholders' funds 6,088 6,199 5,890 =========== =========== ========== Consolidated Cash Flow Statement Unaudited Unaudited Audited Six months to Six months to Year ended 30 June 30 June 31 December 2004 2003 2003 #'000 #'000 #'000 Net cash inflow/(outflow) from operating activities 336 60 (229) ----------- ----------- ---------- Returns on investment and servicing of finance Interest received 68 86 168 Interest paid - - (18) Dividends from fixed asset investments - 1 - ----------- ----------- ---------- 68 87 150 ----------- ----------- ---------- Taxation Paid - - (127) ----------- ----------- ---------- Capital expenditure and financial investments Purchase of tangible fixed assets (33) (6) (107) Purchase of fixed asset investments - - (325) Purchase of current asset investments (2,821) - (172) Sale of current asset investments 986 37 717 (Grant) / repayment of loan (25) 100 - ----------- ----------- ---------- (1,893) 131 113 ----------- ----------- ---------- Equity dividends paid (58) - (56) ----------- ----------- ---------- Cash (outflow) / inflow before management of liquid resources and financing (1,547) 278 (149) =========== =========== ========== Management of liquid resources and financing Decrease / (increase) in short term deposits 1,787 (338) 179 ----------- ----------- ---------- Financing Issue of shares - - 99 ----------- ----------- ---------- Increase/ (decrease) in cash in the period 240 (60) 129 =========== =========== ========== Notes to the Accounts 1 Basis of preparation The unaudited accounts for the six months ended 30 June 2004 do not constitute statutory accounts. The profit and loss account, balance sheet and cash flow statement have been prepared on a basis consistent with the statutory accounts for the year ended 31 December 2003. Results for the year ended 31 December 2003 have been extracted from the statutory accounts which were reported on by the auditors, without qualification or statement under Section 237(2) or (3) of the Companies Act 1985 and have been delivered to the Registrar of Companies. 2 Taxation There is no tax charge for the period due to the availability of losses brought forward. 3 Profit / (loss) per share The calculation of the basic profit / (loss) per ordinary share is based on profit / (loss) on ordinary activities after tax and on the weighted average number of ordinary shares in issue during the period. The calculation of diluted profit / (loss) per ordinary share is based on the basic profit / (loss) per ordinary share adjusted to allow for the issue of shares on the assumed conversion of all dilutive options. Reconciliations of the profit / (loss) and weighted average number of shares used in the calculations are set out in the table below. 6 months ended 30 June 2004 6 months ended 30 June 2003 Profit Weighted Profit Loss Weighted Loss # Average per # Average per Number of share Number of share shares (pence) Shares (pence) ======== ======== Basic profit / (loss) per ordinary 270,000 57,937,851 0.47 (228,000) 56,529,518 (0.40) Share ======== ======== Dilutive effect of securities - 5,771,957 - 2,624,854 -options and warrants -------------------- Dilutive profit / (loss) per ordinary Share 270,000 63,709,808 0.43 (228,000) 59,154,372 (0.39) ==================== 4 Dividends Six months to Six months to Year Ended 30 June 30 June 31 December 2004 2003 2003 #'000 #'000 #'000 Proposed interim of 0.125p per share 72 57 114 ========== ========== ========== This information is provided by RNS The company news service from the London Stock Exchange END IR QXLFFZVBEBBV |
Posted at 07/5/2004 07:26 by aderemi STATPRO GROUP PLC('StatPro' or the 'Group') StatPro Group plc appoints Corporate Synergy Plc as Nominated Adviser and Broker StatPro Group plc ('the Company'), a leading AIM listed provider of portfolio analytics solutions for the global asset management industry, is pleased to announce it has appointed Corporate Synergy Plc as its nominated adviser and broker with immediate effect. Commenting on the appointment, Carl Bacon, Chairman of StatPro said: ''Having achieved our main objectives of generating operating cash and operating profits in 2003, we need to ensure that our investment potential and growth ambitions are clearly understood by existing shareholders and potential new investors. With its strong understanding of our technology markets and focus on growing smaller companies, we have chosen Corporate Synergy as our nominated adviser and broker to advise us at this important stage in our development.' Justin Lewis, Head of Broking at Corporate Synergy, commented: 'StatPro is a dynamic business with an experienced management team which we know well and believe is in a strong position to deliver its growth strategy. We are delighted that Corporate Synergy has been selected to help them deliver their plans.' - Ends - |
Posted at 06/5/2004 22:53 by simonevans Value does not equal high trading volumes. Sounds like you are very much a "follow the herd" type investor! Look at fundamentals and you might do better. |
Posted at 06/5/2004 07:11 by optimist at large RNS Number:3488YAbingdon Capital PLC 06 May 2004 Mountcashel LLP confirms initial closing of its first fund Abingdon Capital sets its holding in Mountcashel LLP at 25% Abingdon Capital plc, the AIM-listed integrated financial services business, is pleased to announce that Mountcashel LLP ("Mountcashel") has today confirmed the initial closing of its first Mountcashel Fund. It has raised approximately $15 million (#8.4 million) including #2 million from Abingdon Capital. The Mountcashel Fund will take long and short positions in leading European and UK equities, derivatives and other securities. Mountcashel was formed in July 2003 and began operating as a regulated hedge fund manager in February 2004. Abingdon Capital has also finalised terms to confirm that its equity participation in Mountcashel is now set at 25%. As detailed in the Chairman's statement of the 2003 Annual Report released on 31 March 2004, this has been achieved by raising an additional #400,000 of working capital for Mountcashel. Abingdon Capital chose to reduce its stake in Mountcashel as it prefers to be an investor with a defined risk rather than a 50% partner with an open-ended future funding commitment. Moreover, Abingdon Capital believes that a smaller ownership in an operation where management and employees have a larger stake is more likely to lead to a better overall financial performance for the Group. Mountcashel has raised the additional #400,000 from a small group of investors underwritten by Oliver Vaughan (Chairman of Abingdon Capital) and including two other Abingdon Capital directors, Thomas Vaughan and Christopher Roberts ("The Directors"). This fundraising is therefore defined under the AIM Rules of the London Stock Exchange plc as a related party transaction. The Mountcashel partners have now contributed #800,000 of capital to Mountcashel. Immediately following the fundraising, the Directors will hold the following equity participation stakes in Mountcashel: Oliver Vaughan 17 % Thomas Vaughan 2% Christopher Roberts 2 % Oliver Vaughan has become a designated member of Mountcashel and as such has voting rights. Mr Vaughan was also appointed as Chief Executive of Mountcashel on 7 April 2004. This role requires a time commitment from Mr Vaughan that is commensurate with a fast-growing fund management company. In return Mr Vaughan will receive minimum guaranteed drawings of #50,000 per annum. Edward Vandyk and Gavin Casey, the Independent Directors, having consulted with KBC Peel Hunt, consider that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned. Enquiries, please contact: Oliver Vaughan/Edward Vandyk Abingdon Capital 020 7937 4445 Neil Boom/Jenny Leahy Gresham PR Ltd 020 7404 9000 This information is provided by RNS The company news service from the London Stock Exchange END MSCUUUMCAUPCGBA |
Posted at 03/5/2004 21:20 by hugepants We missed this one.Corporate Synergy helps raise £4.5 million for Bright Things PLC 30 April 2004 Corporate Synergy helps raise £4.5 million for Bright Things PLC Corporate Synergy, the corporate broking and advisory service for growing companies, has successfully raised £4.5 million, with Kelton International Limited, for Bright Things PLC which will be admitted to the Alternative Investment Market (AIM) today. Corporate Synergy acts as nominated adviser, joint financial adviser and broker to Bright Things, which is developing an interactive educational toy. Aimed at the pre-school market, the platform is a child-friendly electronic device that transforms a DVD player into an interactive games system. Bright Things will use the funds, raised via an institutional placing, principally for the development of the product and for the creation of a range of associated DVD software. The money will also be used to secure licences from established children's brands on which the software will be based. Corporate Synergy's broking division has raised over £15 million through institutional placings for AIM-listed companies, including 1st Dental Laboratories plc, iTrain plc and The 4Less Group plc since October last year. Justin Lewis, Head of Broking at Corporate Synergy, commented: "We're delighted to have helped Bright Things raise £4.5 million. The clear success of our new broking business reflects the strong understanding and experience Corporate Synergy has of the needs of growing companies." For further information please contact: Justin Lewis Corporate Synergy 020 7626 2244 Neil Boom/Jenny Leahy Gresham PR Ltd. 020 7404 9000 Notes to editors Corporate Synergy Plc is a provider of corporate broking and advisory services to growing companies. It became an integrated house, with both corporate finance and broking divisions, in late 2003 and specialises in advising companies on the Alternative Investment Market (AIM). It is a subsidiary of Abingdon Capital plc, whose shares are themselves quoted on AIM. Founded in 1992, Corporate Synergy has expanded to become a company which aims to provide objective, value-added advice for smaller companies, and prides itself on its relationship-based service. The broking division is focused on the provision of balanced research on smaller quoted companies, which is distributed to relevant investors, predominantly institutional, with the aim of increasing a company's profile and to facilitate investors' understanding of its business. The corporate finance arm of Corporate Synergy provides advice to quoted companies on a range of activities including flotations, secondary fund raisings and takeovers. Corporate Synergy also acts as both a nominated adviser on the Alternative Investment Market and as a sponsor on the Official List. |
Posted at 28/4/2004 23:06 by the jaberman so i ask again why should i buy ANC??still no answers, ----> all new investors the posters on this thread have no idea |
Posted at 18/1/2004 17:27 by hugepants Corporate Synergy Plc expands its team12 January 2004 Three new members of staff to join the corporate broking and advisory service Corporate Synergy Plc, a provider of corporate broking and advisory services to growing companies, has appointed three new members of staff. Deidre Lo joins the corporate finance division as a Director, Johan Unnerus takes up a position as an analyst and Michael Parnes joins as an institutional salesman. These latest recruits take Corporate Synergy's broking team, headed by Director Justin Lewis, to seven and the advisory team, headed by Managing Director Lindsay Mair, to eight. Corporate Synergy intends to continue expanding in 2004. Corporate Synergy specialises in advising ambitious growth companies, especially those listed on the Alternative Investment Market (AIM). It added the new corporate broking business to its existing corporate finance and private equity businesses in late 2003. The additional broking operation allows Corporate Synergy to provide a fully integrated service to smaller companies. Deidre Lo, a qualified solicitor, held the positions of Manager and Vice President in the corporate finance departments of Barings and Merrill Lynch respectively. Before joining Corporate Synergy she founded her own investor relations advisory boutique, Cabot Partners. Johan Unnerus has worked as a smaller companies equity analyst for four years. Before starting his career in broking, he worked for venture capitalists SJ Capital Ltd., London. Michael Parnes has worked in the City as a private client stockbroker since graduating from the University of Manchester in 2002. At the end of 2003, Corporate Synergy successfully completed a £2.5 million institutional placing for CMS WebView plc, a leading provider of software systems for real-time financial data distribution and management. Commenting on the appointment, Lindsay Mair, Managing Director of Corporate Synergy Plc, said: "We're pleased to welcome all three new recruits to the company. We're sure that their experience will enable Corporate Synergy to continue to move closer to our aspiration of becoming the leading house for smaller companies. We are expanding rapidly and are on the lookout for brokers and advisors who enjoy the challenge of working with ambitious smaller companies." For further information please contact: Lindsay Mair Managing Director Corporate Synergy Plc 020 7626 2244 Neil Boom/Jenny Leahy Gresham PR 020 7404 9000 Notes to editors Corporate Synergy Plc is a provider of corporate broking and advisory services to growing companies. It became an integrated house, with both corporate finance and broking divisions, in late 2003 and specialises in advising companies on the Alternative Investment Market (AIM). It is a subsidiary of Abingdon Capital plc, whose shares are themselves quoted on AIM. Founded in 1992, Corporate Synergy has expanded to become a company which aims to provide objective, value-added advice for smaller companies, and prides itself on its relationship-based service. The broking division is focused on the provision of balanced research on smaller quoted companies, which is distributed to relevant investors, predominantly institutional, with the aim of increasing a company's profile and to facilitate investors' understanding of its business. The corporate finance arm of Corporate Synergy provides advice to quoted companies on a range of activities including flotations, secondary fund raisings and takeovers. Corporate Synergy also acts as both a nominated adviser on the Alternative Investment Market and as a sponsor on the Official List. The Corporate Synergy team has wide ranging experience and consequently, the company embraces most sectors of the market. |
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