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ANC Abingdon Cap

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Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abingdon Cap LSE:ANC London Ordinary Share GB0031792194 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

Abingdon Cap (ANC) Latest News

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Abingdon Cap (ANC) Top Chat Posts

Top Posts
Posted at 08/3/2005 16:35 by 895bulldog
held price well considering amount of sells!!
Posted at 08/3/2005 07:50 by ntv
l&G could be interesting as they own a fair few shares in that bought at half the suspended price
Posted at 04/3/2005 20:52 by ntv
more work?

RNS Number:2774J
Leisure & Gaming plc
03 March 2005


LEISURE & GAMING PLC

Statement re share price movement

The board of Leisure & Gaming plc (the "Company") note the recent share price
movement and confirms that they are in discussions with a view to making a
substantial acquisition which, if implemented, would constitute a reverse
takeover under the AIM rules. Consequently the Company's ordinary shares will be
suspended from trading pending publication of an admission document in respect
of the proposed enlarged entity.

END

This information is provided by RNS
The company news service from the London Stock Exchange
Posted at 03/3/2005 17:19 by acquisitor
PARTY TIME!!

I've got a shedload of these bought at an average 6p. At that price, it was a no-brainer, as the share price was more than covered by cash. Even today, considering the deal flow, cash and director buying (and most importantly, the share price action), it looks pretty good value.

I can hear the corks popping....!
Posted at 23/2/2005 12:15 by acquisitor
Ineresting to note that the share price has edged up a shade in a sharply falling market. Spread has tightened and there have been some buys recently. I smell some good news.....
Posted at 03/12/2004 07:35 by topvest
Alibi Comms placing today. Another £50k+ of fees.

RNS Number:9747F
Alibi Communications PLC
03 December 2004

Alibi Communications PLC ("Alibi" or "the Company")

Issue of 22,158,325 new Ordinary Shares and conversion of Directors' loans into
3,341,675 new Ordinary Shares, at 4p per share

Further to the announcement on 2 December of the Company's results for the year
ended 30 June 2004, the directors of Alibi are pleased to announce that the
Company has conditionally raised £1,020,000 (before expenses) comprising:

* new money of £886,333 by way of the issue of 22,185,325 new Ordinary

Shares of 1p each at 4p per share; and

* loan conversions by certain non-executive directors totalling £133,667

resulting in the issue of 3,341,675 new Ordinary Shares at 4p per

share.

The funds raised will be used in the development and exploitation of Alibi's
portfolio of intellectual properties and to provide the Company with additional
working capital.

Both the fundraising, which is not underwritten, and the conversion of loans are
conditional upon the passing of shareholder resolutions to allow the directors
to allot new Ordinary Shares free from pre-emption rights at the Company's
Annual General Meeting to be held on 6 January 2005 and upon the admission to
trading on AIM of the new Ordinary Shares. Application will be made for the new
Ordinary Shares to be traded on AIM and admission is expected on 7 January 2005.

Certain directors of Alibi have conditionally agreed to participate in the
fundraising and/or to convert loans into new Ordinary Shares as detailed below:


Director Fundraising Conversion of % of the

participation loans (number of Resultant enlarged

(number of Ordinary Shares) holding of issued share

Ordinary Shares) Ordinary capital

Shares

William Harris (1) 4,250,000 1,250,000 7,583,334 16.08%
Chairman

Roger Holmes 500,000 - 1,337,745 2.84%
Executive Director

Tim Hilton (1) 500,000 - 500,000 1.06%
Executive Director

Larry Chrisfield 312,500 1,250,000 3,333,322 7.07%
Non-executive Director

Lord Romsey (2) 209,092 841,675 2,875,000 6.10%
Non-executive Director

Montague Koppel (3) 625,000 - 2,564,050 5.44%
Non-executive Director



Notes:

(1) Included in both the totals shown above for William Harris and Tim Hilton

are 500,000 shares to be subscribed for under the fundraising which will

be held in the name of Avonglen Limited, a company of which both William

Harris and Tim Hilton are 33 per cent shareholders and directors.

(2) In addition to the shareholding noted above Lord Romsey, together with

David Harrison, a director of the Company, owns 133,333 shares jointly

through Harrison Son Hill & Co Ltd, a company in which they have an

interest.

(3) Montague Koppel's holding is a non-beneficial interest in the names of

Deposit Company Ltd, Detente Securities Inc, Celtic Trust Ltd and Latitude

Investments Limited.

The subscription by certain directors of the Company for new shares and the
conversion of loans by certain directors are deemed to be related party
transactions under the AIM Rules. The directors, excluding in each instance the
director interested in the relevant subscription or loan conversion, having
consulted with the Company's Nominated Adviser, believe that the terms of the
transactions are fair and reasonable insofar as shareholders are concerned.



Commenting on the fundraising, William Harris, Chairman, said:

"The roll-out of our Brand Properties is progressing well and the new money will
enable us to complete the development of our leading Entertainment Properties."

For further information contact:

William Harris / Roger Holmes Alibi Communications plc 020 7845 0400

John Bick Holborn PR 020 7929 5599

Justin Lewis Corporate Synergy Plc 020 7626 2244

Graeme Thom / Fiona Kindness Grant Thornton UK LLP 020 7383 5100



Notes to Editors

Alibi now owns or controls rights in the following core properties:-


Brand Properties - Which do not require Television exposure

I Love Egg - a web-based project created in South Korea. Each egg character
(there are presently 105 of them and the Company can create more) can be a
moulded plastic collectible toy. It is hoped that with careful marketing and
promotion the collection and trading of these egg characters may become a
schoolyard craze. The Company has already signed licences for a range of
plastic toys, posters, t-shirts, stationery and greetings cards. Others are in
negotiation, including one for food products.

Somebunny to Love - a new cuddly rabbit property from talented artist, Michael
Abrams. It was launched at the UK Brand and Licensing Show at Earls Court a few
weeks ago and attracted considerable attention. Alibi has deals in place for a
range of merchandise including soft toys, giftware, greetings cards and
stationery.

Hammer Films - iconic, classic UK brand, based on a number of gothic horror
films made principally in the 1960s. The Company has the licensing and
merchandising rights for the brand and are in negotiation with a range of
manufacturers to launch Hammer products onto the market.

Rambling Ted - for his former owners this little bear with big blue boots earned
over £20 million in retail sales. With a substantial existing art-bank and
creator Mike Abrams eager to create fresh images Ted will be aimed principally
at the gift market where he has been extremely successful before. Having
recently relaunched this property, Alibi is in negotiations with potential
licensees for ranges of soft toys and stationery. These are in addition to the
existing licences for tissues and greetings cards.

Child Hazel - a beautiful hand written and illustrated book featured by the
Sunday Times Magazine on 26 September 2004. Following the Book Fair in
Frankfurt in October the Company is in discussions with a leading publisher. A
successful book launch would provide an excellent platform on which to base our
licensing and merchandising campaign.


Entertainment Properties - To be developed for Television

Pepper's Patrol - a new pre-school police and rescue series from Rob Lee the
creator of Fireman Sam. The series is being developed in a joint venture with
Galleon Group plc for TV production in stop-frame model animation. Subject to
commission and financing it is hoped that Pepper may become a major licensing
property and revenue generator.

DreamMakers - set in the factory where children's dreams are made and targeted
at 6 to 9 year olds. Its creator, Peter Dodd, has already made a pilot and we
intend to develop the storylines for an international audience.







This information is provided by RNS

The company news service from the London Stock Exchange
END
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 29/4/2004 07:36 by russianlinesman
Dear JaberMan,

I do not hold ANC. I held Mountcashel for years and lost money on it as having built up a reasonable sized stake it was then very difficult to shift.

ANC has cash representing much of the current share price, BUT

Few/nil investments remaining - therefore probably of limited value. They have a load of warrants in Bionex but if you want to take Bionex risk, then buy Bionex.
Rubbish disclosure - when it was an investment company its disclosure was rubbish, and when it has its investment in the Mountcashel hedge fund it is hardly likely to be better.
Corporate Synergy - still appears to be loss-making from most recent results. Not sure why. I imagine with many small caps of this type they pay themselves nice high salaries. Take away the interest earned on the cash pile and they are surely loss-making
Hedge fund investment - they are going to put some of their cash in a hedge fund they are managing. Farewell transparency.

Also note that the directors end up with quite a lot of outside directorships because they are already on the board of one listed company (i.e. ANC).

If ANC was genuine value at this price, then management would take it private. It is after all, hardly expensive, and they could promptly cash in the cashpile so could acquire the company for a million plus. If Corporate Synergy was such a great business, then they would have done this at any time in the last 2 years or more.

That's why I share your view not to buy.

The ANC bulls would say the reason to buy is cash plus investments plus Corporate Synergy. WElcome to their views but not great deal of evidence to suggest major undervaluation.
Posted at 03/1/2003 10:58 by simonevans
ANC share price looking very low again...well below cash balances I suspect. Looks a bit odd for a profitable business doesn't it!
Abingdon Cap share price data is direct from the London Stock Exchange

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