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ABR Absolute Rtn S

94.125
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Absolute Rtn S LSE:ABR London Ordinary Share GG00BCCW5806 STG SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 94.125 0.00 01:00:00
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
- O 0 94.125 GBX

Absolute Return Trust (ABR) Latest News

Real-Time news about Absolute Rtn S (London Stock Exchange): 0 recent articles

Absolute Return Trust (ABR) Discussions and Chat

Absolute Return Trust Forums and Chat

Date Time Title Posts
11/9/201214:24Protection of capital in troubled times.5
13/8/200620:27Why is A-B-I-N-G_E-R going down the pan?16
12/7/200201:25* * * A B I N G E R * * * GROWTH STOCK * * *59
26/6/200215:46ABINGER INVESTMENTS = HUGE POTENTIAL !!32
24/6/200222:44Penny stock recomendations31

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Absolute Return Trust (ABR) Top Chat Posts

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Posted at 03/7/2012 11:03 by praipus
Weiss collecting 10% of ABR



ABR "Proposal not to seek continuation"



I track Weiss's activities on the WAM thread
Posted at 10/9/2010 08:33 by baht
I always thought Absolute return funds were supposed to produce fairly low but consistent returns in all market conditions. Not a criticism of ABR alone but of all Absolute Return collectives. Haven't been doing what it says on the tin!

Is that fair or unfair. Any thoughts anyone?
Posted at 30/5/2002 23:52 by viren
clerman what exchange is LOL traded on and whats the current share price.
thx for your help.
Posted at 29/5/2002 23:02 by avoint
Final Results

Tue 30 Apr 2002 07:00:39


Abinger Investments PLC
30 April 2002



ABINGER INVESTMENTS PLC

(proposed change of name to CFA Capital Group Plc)



Preliminary results for the

period to 31 December 2001



CHAIRMAN'S STATEMENT



In the period to 31 December 2001, following the placing and admission of the
Company to the Alternative Investment Market, we have achieved the initial
objectives set out in the June 2001 prospectus. The objective was to acquire
investment businesses or companies in the financial services sector with
particular emphasis on corporate finance, broking and other financial
institutions requiring regulation under the Financial Services Act (now the
Financial Services and Markets Act 2000). This objective was achieved through
the acquisition of City Financial Associates Limited and Galleon Assets
Management Limited in mid December 2001 together with a further fundraising.



The Group now consists of a corporate finance and private client stockbroking
business serving entrepreneurial growth companies. Following these acquisitions
it is proposed at the forthcoming AGM to change the Company's name to CFA
Capital Group Plc and for each subsidiary to adopt the brand CFA. Galleon
Assets Management Limited has, accordingly, changed its name to CFA Securities
Limited.



The Directors believe that the target market, servicing small to medium size
companies, has not been properly addressed in the past. An opportunity exists
to create an independent finance house integrating both stockbroking and
corporate finance expertise, to service the specific needs of smaller public
companies and to this end it is the intention to provide a proactive service to
all our clients. City Financial Associates Limited and CFA Securities Limited
are now working together to establish a broadly based financial services group,
servicing small to medium size companies.



In view of the early stage of the development of your Group and the current
negative reserves on the profit and loss account of the Company no dividend is
proposed.



As the period to 31 December 2001 was essentially a start up period, an overall
net loss on ordinary activities before taxation was incurred amounting to
£290,000, which included start-up costs written off. As at 31 December 2001 the
total assets less current liabilities of your Group amounted to £2,927,000, with
Group cash at bank in excess of £1,200,000.



City Financial Associates Limited ("City Financial")

City Financial is an FSA regulated corporate finance advisory business recently
established by John Shaw and myself. The intention is to be become a leading
adviser to smaller companies and high net worth individuals. The first step
taken to achieve this was to appoint Tony Rawlinson as Joint Managing Director
and Head of Corporate Finance. Tony has many years' experience on a broad range
of transactions, advising mainly small and medium size quoted companies and has
already established a corporate finance team.



City Financial has already completed its first major transaction with the
acquisition of Expocentric Plc by MICE Group Plc, and is presently working on a
number of mandated transactions.



On 10 December 2001, City Financial was approved by the London Stock Exchange as
a Nominated Adviser (NOMAD) for the Alternative Investment Market and has since
been approved as a Corporate Adviser to the OFEX market. Application has been
made for City Financial to be a sponsor to companies quoted on the Official List
of the UKLA.



CFA Securities Limited ("CFA Securities")

CFA Securities is an FSA regulated private client stockbroker based in
Manchester providing portfolio management services to individuals and
institutions, advisory stockbroking services and an execution only share dealing
service through its "SHARENET" division.



Alongside the development of the City Financial corporate finance activity, in
2002 CFA Securities has secured brokerships for several AIM and OFEX companies.
CFA Securities is developing its fundraising capacity and has already completed
a number of fundraising transactions.



It is intended to develop the fundraising and corporate broking activities of
CFA Securities and to expand the broking service to clients seeking an
efficient, cost effective share dealing service.



CFA Securities currently has almost 14,000 clients of which approximately 7,000
have dealt over the last 18 months. In addition CFA Securities has
approximately 500 PEPs and ISAs under administration, over 2,875 nominee
accounts and a total of approximately £43.5m in these nominee PEP and ISA
accounts.



SHARENET offers an execution only, share dealing service with dealing rates
ranging from £8 - £35 per trade.



The Future

We believe that our two businesses are individually well equipped to attract and
transact business and are highly complementary and form a proven business model.



We are quickly developing a focused management team which works together on an
effective and collegiate basis to meet and service our clients' needs. We are
appreciative of the increasing level of businesses we are being asked to service
and hope and anticipate that as transactions are completed, our growing success
will be demonstrated in our financial performance.



In addition we continue to consider further acquisitions to add new and
complementary services to the Group, which will integrate into the profile and
culture already detailed.



I would like to thank all of the Group's employees for their hard work and
achievement in completing the significant developments outlined above. The
Directors envisage an exciting period ahead together with substantial growth and
look forward to reporting success in the future.



Stephen Barclay

Executive Chairman



30 April 2002




CONSOLIDATED PROFIT AND LOSS ACCOUNT

For the period ended 31 December 2001


2001

£'000
Turnover 134

Other operating income and charges (440)


Operating loss (306)

Net interest 16


Loss on ordinary activities before taxation (290)

Tax on loss on ordinary activities (15)


Loss for the financial year (305)

Dividends -


Retained loss for the period (305)



Loss per share (pence)
Basic (0.31)
Adjusted basic (0.30)




There are no recognised gains or losses for the current period other than as
stated above.




CONSOLIDATED BALANCE SHEET

At 31 December 2001

2001

£'000
Fixed assets
Intangible assets 1,718
Tangible assets 230
1,948

Current assets
Debtors 274
Cash at bank 1,223
1,497

Creditors: amounts falling due within one year (518)


Net current assets 979

Total assets less current liabilities 2,927
Creditors: amounts falling due after more than one year (39)
Provisions for liabilities and charges
Deferred taxation (15)
Net assets 2,873


Capital and reserves
Called up share capital 910
Share premium account 1,218
Merger reserve 1,050
Profit and loss account (305)

Shareholders' funds 2,873







CONSOLIDATED CASH FLOW STATEMENT

For the period ended 31 December 2001

2001

£'000


Net cash outflow from operating activities (211)

Returns on investments and servicing of finance
Interest received (net) 16
Taxation -

Capital expenditure and financial investment
Purchase of tangible fixed assets (112)
Acquisitions and disposals

Purchase of subsidiary undertakings (611)
Cash acquired with subsidiary undertakings 363

(248)
-

Equity dividends paid
Financing
Issue of shares (net of expenses) 1,778
Increase in cash 1,223





NOTES



1. The financial information set out above does not constitute
statutory accounts within the meaning of Section 240 of the Companies Act 1985.
Statutory accounts for the period to 31 December 2001 will be delivered to the
Registrar of Companies and sent to shareholders shortly. An unqualified
auditors' report has been given on such accounts.



2. Turnover and operating loss all derive from UK continuing
operations.



3. The basic loss per share is based on loss attributable to
ordinary shareholders of £305,000 divided by the weighted average number of
shares in issue during the period of 96,899,822. The adjusted basic loss per
share is calculated as the basic loss per share adding back goodwill
amortisation of £7,000 divided by 96,899,822.



4. The Annual Report and Accounts will be mailed to registered
shareholders at their registered addresses in May 2002 and from the date of
release copies of the Annual Report will be made available to the public free of
charge for one month at the Company's registered office, Pountney Hill House, 6
Laurence Pountney Hill, London EC4R 0BL.



5. The Annual General Meeting will be held at 35 Vine Street,
London EC3N 2AA at 12.00 noon on 25 June 2002.



This information is provided by RNS
The company news service from the London Stock Exchange

END

FR ILMRTMMBTBAT
Posted at 29/5/2002 11:46 by avoint
365>There was alot of recent good news and tipping of this but the share price did not move.Expect some wins to be announced shortly which will help this considerably.
Posted at 15/5/2002 20:34 by itsourpete
M25 - it may well have battered the share price - that later trade at .95 was unlikely to be a sell - as the bid was circa .88 - .95 may well be the new offer price. I expect a modest dip in the offer price tomorrow to 1.0 IMHO, but for the bid to remain at .85

Pete
Posted at 08/5/2002 22:45 by ryanstella
Avoint.

The execution to which you refer was a purchase of 100,000 shares at £1.07 equating to a spend of £1,070. A purchase of thie value is highly unlikely to move the share price. What will however cause a stir is when an institution wants to buy a large number of shares which are not readily available. Shareholders are approached with inflated offers to part with their shares. I day trade heavily and was at one point offered 1.4p for my 500.000 shares, in hine sight I wish I had sold them and could now retrench, however I chose to hold on..

The point I am making is, there are not that many abr shares on the market as most of the larger investors are in it for the long term and have no interest in selling just yet.

We also need Old man Barclay, who is as tight as a ducks backside to spend some money promoting Abr with some half decent annoucements. He was notorious when he worked at seymour pearce for holding back on these as they cost thousands. The upside is he is keeping a tight rein on the purse strings and therefore helping the bottom line.

Did you know Abr are taking Elton games to the Ofex, I bought in last week @ 9p
they will move to the Ofex over the next couple of weeks. Abr have at least one other IPO over the next four weeks with plenty more in the pipeline.

Are you in Sbt, if not have a look.

I will be in touch shortly as promised.

Regards


Ryan.
Posted at 30/4/2002 07:18 by itsourpete
RNS Number:2593V
Abinger Investments PLC
30 April 2002



ABINGER INVESTMENTS PLC

(proposed change of name to CFA Capital Group Plc)



Preliminary results for the

period to 31 December 2001



CHAIRMAN'S STATEMENT



In the period to 31 December 2001, following the placing and admission of the
Company to the Alternative Investment Market, we have achieved the initial
objectives set out in the June 2001 prospectus. The objective was to acquire
investment businesses or companies in the financial services sector with
particular emphasis on corporate finance, broking and other financial
institutions requiring regulation under the Financial Services Act (now the
Financial Services and Markets Act 2000). This objective was achieved through
the acquisition of City Financial Associates Limited and Galleon Assets
Management Limited in mid December 2001 together with a further fundraising.



The Group now consists of a corporate finance and private client stockbroking
business serving entrepreneurial growth companies. Following these acquisitions
it is proposed at the forthcoming AGM to change the Company's name to CFA
Capital Group Plc and for each subsidiary to adopt the brand CFA. Galleon
Assets Management Limited has, accordingly, changed its name to CFA Securities
Limited.



The Directors believe that the target market, servicing small to medium size
companies, has not been properly addressed in the past. An opportunity exists
to create an independent finance house integrating both stockbroking and
corporate finance expertise, to service the specific needs of smaller public
companies and to this end it is the intention to provide a proactive service to
all our clients. City Financial Associates Limited and CFA Securities Limited
are now working together to establish a broadly based financial services group,
servicing small to medium size companies.



In view of the early stage of the development of your Group and the current
negative reserves on the profit and loss account of the Company no dividend is
proposed.



As the period to 31 December 2001 was essentially a start up period, an overall
net loss on ordinary activities before taxation was incurred amounting to
£290,000, which included start-up costs written off. As at 31 December 2001 the
total assets less current liabilities of your Group amounted to £2,927,000, with
Group cash at bank in excess of £1,200,000.



City Financial Associates Limited ("City Financial")

City Financial is an FSA regulated corporate finance advisory business recently
established by John Shaw and myself. The intention is to be become a leading
adviser to smaller companies and high net worth individuals. The first step
taken to achieve this was to appoint Tony Rawlinson as Joint Managing Director
and Head of Corporate Finance. Tony has many years' experience on a broad range
of transactions, advising mainly small and medium size quoted companies and has
already established a corporate finance team.



City Financial has already completed its first major transaction with the
acquisition of Expocentric Plc by MICE Group Plc, and is presently working on a
number of mandated transactions.



On 10 December 2001, City Financial was approved by the London Stock Exchange as
a Nominated Adviser (NOMAD) for the Alternative Investment Market and has since
been approved as a Corporate Adviser to the OFEX market. Application has been
made for City Financial to be a sponsor to companies quoted on the Official List
of the UKLA.



CFA Securities Limited ("CFA Securities")

CFA Securities is an FSA regulated private client stockbroker based in
Manchester providing portfolio management services to individuals and
institutions, advisory stockbroking services and an execution only share dealing
service through its "SHARENET" division.



Alongside the development of the City Financial corporate finance activity, in
2002 CFA Securities has secured brokerships for several AIM and OFEX companies.
CFA Securities is developing its fundraising capacity and has already completed
a number of fundraising transactions.



It is intended to develop the fundraising and corporate broking activities of
CFA Securities and to expand the broking service to clients seeking an
efficient, cost effective share dealing service.



CFA Securities currently has almost 14,000 clients of which approximately 7,000
have dealt over the last 18 months. In addition CFA Securities has
approximately 500 PEPs and ISAs under administration, over 2,875 nominee
accounts and a total of approximately £43.5m in these nominee PEP and ISA
accounts.



SHARENET offers an execution only, share dealing service with dealing rates
ranging from £8 - £35 per trade.



The Future

We believe that our two businesses are individually well equipped to attract and
transact business and are highly complementary and form a proven business model.



We are quickly developing a focused management team which works together on an
effective and collegiate basis to meet and service our clients' needs. We are
appreciative of the increasing level of businesses we are being asked to service
and hope and anticipate that as transactions are completed, our growing success
will be demonstrated in our financial performance.



In addition we continue to consider further acquisitions to add new and
complementary services to the Group, which will integrate into the profile and
culture already detailed.



I would like to thank all of the Group's employees for their hard work and
achievement in completing the significant developments outlined above. The
Directors envisage an exciting period ahead together with substantial growth and
look forward to reporting success in the future.



Stephen Barclay

Executive Chairman



30 April 2002




CONSOLIDATED PROFIT AND LOSS ACCOUNT

For the period ended 31 December 2001


2001

£'000
Turnover 134

Other operating income and charges (440)


Operating loss (306)

Net interest 16


Loss on ordinary activities before taxation (290)

Tax on loss on ordinary activities (15)


Loss for the financial year (305)

Dividends -


Retained loss for the period (305)



Loss per share (pence)
Basic (0.31)
Adjusted basic (0.30)




There are no recognised gains or losses for the current period other than as
stated above.




CONSOLIDATED BALANCE SHEET

At 31 December 2001

2001

£'000
Fixed assets
Intangible assets 1,718
Tangible assets 230
1,948

Current assets
Debtors 274
Cash at bank 1,223
1,497

Creditors: amounts falling due within one year (518)


Net current assets 979

Total assets less current liabilities 2,927
Creditors: amounts falling due after more than one year (39)
Provisions for liabilities and charges
Deferred taxation (15)
Net assets 2,873


Capital and reserves
Called up share capital 910
Share premium account 1,218
Merger reserve 1,050
Profit and loss account (305)

Shareholders' funds 2,873







CONSOLIDATED CASH FLOW STATEMENT

For the period ended 31 December 2001

2001

£'000


Net cash outflow from operating activities (211)

Returns on investments and servicing of finance
Interest received (net) 16
Taxation -

Capital expenditure and financial investment
Purchase of tangible fixed assets (112)
Acquisitions and disposals

Purchase of subsidiary undertakings (611)
Cash acquired with subsidiary undertakings 363

(248)
-

Equity dividends paid
Financing
Issue of shares (net of expenses) 1,778
Increase in cash 1,223





NOTES



1. The financial information set out above does not constitute
statutory accounts within the meaning of Section 240 of the Companies Act 1985.
Statutory accounts for the period to 31 December 2001 will be delivered to the
Registrar of Companies and sent to shareholders shortly. An unqualified
auditors' report has been given on such accounts.



2. Turnover and operating loss all derive from UK continuing
operations.



3. The basic loss per share is based on loss attributable to
ordinary shareholders of £305,000 divided by the weighted average number of
shares in issue during the period of 96,899,822. The adjusted basic loss per
share is calculated as the basic loss per share adding back goodwill
amortisation of £7,000 divided by 96,899,822.



4. The Annual Report and Accounts will be mailed to registered
shareholders at their registered addresses in May 2002 and from the date of
release copies of the Annual Report will be made available to the public free of
charge for one month at the Company's registered office, Pountney Hill House, 6
Laurence Pountney Hill, London EC4R 0BL.



5. The Annual General Meeting will be held at 35 Vine Street,
London EC3N 2AA at 12.00 noon on 25 June 2002.



This information is provided by RNS
The company news service from the London Stock Exchange


Abinger INV(ABR)


Three Year Chart Intraday Chart
Posted at 29/4/2002 23:53 by avoint
See thread from Ryan

Ryanstella - 29 Apr'02 - 19:05 - 101 of 103


Hi Tyranosaurus.

Sorry for not replying earlier, the 6 month results were due out today, but due to a "technical hitch", something to do with the P/R company`s wordsmith being unable to satisfy what old man Barclay wanted to imply, they have been delayed.

They should be released if not tomorrow sometime this week.

Without giving to much away not only will the news be good, but the various projects the group has in the pipeline and the associated fat commissions will cause more than a little stir.

I was asked two weeks ago to sell 500,000 shares at 1.35p but refused. The offer then went to 1.40p. Apparently there`s was a shortage of ABR stock at the time,

Regards

Ryan

p.s. Once the results are released, I will be able to tell more. Please keep in touch. Rest assured this company has the management and the share price will sprout legs
Posted at 29/4/2002 19:05 by ryanstella
Hi Tyranosaurus.

Sorry for not replying earlier, the 6 month results were due out today, but due to a "technical hitch", something to do with the P/R company`s wordsmith being unable to satisfy what old man Barclay wanted to imply, they have been delayed.

They should be released if not tomorrow sometime this week.

Without giving to much away not only will the news be good, but the various projects the group has in the pipeline and the associated fat commissions will cause more than a little stir.

I was asked two weeks ago to sell 500,000 shares at 1.35p but refused. The offer then went to 1.40p. Apparently there`s was a shortage of ABR stock at the time,

Regards

Ryan

p.s. Once the results are released, I will be able to tell more. Please keep in touch. Rest assured this company has the management and the share price will sprout legs
Absolute Return Trust share price data is direct from the London Stock Exchange

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