Schroder Asian Total Ret... Share Discussion Threads

[fenseal2] 29/6/2007 10:03

RNS Number:2581Z
Alltrue Investments PLC
29 June 2007



FOR IMMEDIATE RELEASE 29 June 2007



ALLTRUE INVESTMENTS PLC ("the Company")
AUDITED REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2006


Chairman's Statement

The Company successfully completed the acquisitions of Falcon Securities
Holdings Limited and Information Exchange Limited which were approved by
shareholders at the EGM of the Company held on 1 February 2006. The enlarged
share capital following these acquisitions was re-listed on AIM on 3 March 2006.

During the year under review turnover amounted to #1,029,000 which produced a
loss on ordinary activities before taxation of #198,000. This loss was largely
attributable to the Information Exchange subsidiary where despite turnover more
than doubling over the previous year increased spending on staff and office
overheads plus additional direct costs of staging extra IX events pushed overall
costs higher than had been anticipated. In view of this performance no
additional consideration shares are due to be issued to the vendors of IX under
the sale and purchase agreement between the Company and the IX vendors.

Since the year end, and therefore not included in these financial statements, we
were instrumental in establishing a further stock broking business, Montague
Pitman Stockbrokers Limited, in which we currently hold 81% of the issued shares
therein or 51% on a fully diluted basis assuming full conversion of the
outstanding loan stock and subject to certain profit targets in the current year
being achieved.

We are pleased with the progress of each company and the cross selling
opportunities we originally identified when these companies were purchased are
beginning to come through. We look forward to reporting further progress to you
in the future.


For further information please contact:

Leo Knifton, Alltrue Investments plc on 020 7251 3762
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396



ALLTRUE INVESTMENTS PLC

CHIEF EXECUTIVE'S REPORT
________________________________________________________________________________


Falcon Securities Holdings Limited

Falcon Securities Holdings Limited trades through its wholly owned subsidiary
Falcon Securities (UK) Limited ('Falcon'). Falcon's business is focused on
advisory and trading services on behalf of high net worth and sophisticated
investors predominately in UK securities and corporate broking services to AIM
and Plus Markets listed companies. Total revenue grew by 59% during 2006
producing an operating profit compared to a loss overall in the previous year.
Profit on ordinary activities after taxation was #91,641 compared to a loss of
#14,956 in the previous year.

The advisory broking business has expanded over the course of the year with an
increasing focus on execution through spread betting contracts where we utilise
services provided by third party providers. This approach not only generates
commission income but in addition a recurrent income stream through the partial
rebate of the financing charges levied by the third party providers. We continue
to look for other brokers to join this area but strong financial markets have
deterred individuals from moving with their clients. In corporate broking we
participated in a number of transactions on both AIM and Plus Markets. A number
of our corporate clients are investment vehicles and in some cases the listing
has either been suspended or lost following the change in AIM Regulations
announced in 2006. Nevertheless we expect such companies to be engaged in
corporate transactions during 2007 and to regain their listing.

As announced on 9 March 2007 Falcon has appointed Montague Pitman Stockbrokers
Limited ('MPS') as an Appointed Representative. MPS is majority owned by Alltrue
and is complementary to Falcon's activities given its focus on retail style
customers. MPS contributes to the shared overhead and also generates commission
revenue for Falcon. The business has grown rapidly from a standing start with
over 400 clients already signed up as at the beginning of June and has very
recently established a CFD trading team. The business is making a useful
contribution to the Group and is expected to grow rapidly.


Information Exchange Limited

The year 2006 brought many positive changes for Information Exchange Limited
('IX') as the company relocated into offices in the heart of the City of London
and expanded the number of IX events produced.

The company began the year by launching a new spring time IX Investor event held
over two days in May to focus on medium to longer term investment strategies
including property investments. Like most launch events the show was not
expected to fill to capacity in the first year, and anticipated interest from
the property investment sector was weaker than expected due to an already
overcrowded and very competitive marketplace for such events. An excellent
visitor attendance of over 2,500 and positive response from the present
exhibitors, however, added up to a successful event ensuring allowing the
company to hold a repeat show in 2007 albeit with a more stock market related
theme for which IX is best known.

The main event of the year, the October IX Investor show, remained well attended
by investors and companies and the company was pleased to see approximately 20%
of the exhibitor revenue derive from new clients including US firms
'TradeStation' and 'Nasdaq'. However, with stand space at capacity in Olympia
Conference Centre and almost record attendances of over 4,000 private investors
2007 will see IX moving the shows to the much larger ExCel Conference Centre in
the Docklands, London.

December saw the launch of IX Forex Trader show. This was a highly focussed and
niche event aimed at sophisticated private FX traders. Sponsors included Chicago
Mercantile Exchange and Saxo Bank - both new clients to IX events and this
targeted one day event attracted up to 1,500 traders. The company plans to run
IX Forex Trader again in 2007 but as part of a larger IX Investor show given the
increased floor space at ExCeL.

IX also hosted six weekend seminars for investors with Alpesh Patel as tutor.
While not attracting the numbers expected the events were well received and
professionally run.

The company also relaunched the IX website in July 2006 incorporating
downloadable video seminars from the live events, links to products and other
interesting items to leverage sales from online visitors and create a more
valuable community for investors.



ALLTRUE INVESTMENTS PLC

CHIEF EXECUTIVE'S REPORT
________________________________________________________________________________


IX succeeded in growing turnover by over 100% in 2006 to #598,088 although
increased spending on staff and office overheads plus additional direct costs of
staging extra IX events pushed costs higher than budgeted resulting in an
operating loss for the year of #159,533. The challenges for the business 2007
are to accommodate the same rate of growth and financial performance of the
existing IX events and online business, while streamlining the costs and
overheads where possible to increase profit levels.



ALLTRUE INVESTMENTS PLC

CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2006



31 December 31 December
2006 2005
Notes #'000 #'000

Turnover 1,029 -

Cost of sales (339) -
______ ______
690 -

Administrative expenses (907) (71)
______ ______

Operating loss (217) (71)

Other interest receivable and similar income 19 30
______ ______

Loss on ordinary activities before taxation (198) (41)

Tax on loss on ordinary activities 3 -
______ ______

Loss on ordinary activities after taxation (195) (41)
====== ======

Basic loss per share 2 (0.084p) (0.044p)
====== ======

Diluted loss per share 2 (0.084p) (0.044p)
====== ======



The profit and loss account has been prepared on the basis that all operations
are continuing operations.

There are no recognised gains and losses other than those passing through the
profit and loss account.




ALLTRUE INVESTMENTS PLC

BALANCE SHEET - CONSOLIDATED
AS AT 31 DECEMBER 2006
--------------------------------------------------



2006 2005
#'000 #'000
Notes
Fixed Assets
Intangible 1,687 -
Tangible 37 -
______ ______
1,724 -
______ ______
Current assets
Debtors 218 91
Cash at bank and in hand 305 619
______ ______
523 710

Creditors: amounts falling due (253) (28)
within one year
______ ______

Net current assets 270 682
______ ______
Total assets less current liabilities 1,994 682
====== ======

Capital and reserves
Called up share capital 244 94
Share premium account 732 725
Merger reserve 1,350 -
Profit and loss account (332) (137)
______ ______
Shareholders' funds - equity interests 1,994 682
====== ======




ALLTRUE INVESTMENTS PLC

BALANCE SHEET - COMPANY
AS AT 31 DECEMBER 2006
--------------------------------------------------



2006 2005
#'000 #'000
Notes
Fixed Assets
Investment 1,751 -
________ _______

Current assets
Debtors 286 91
Cash at bank and in hand 183 619
_______ ______
469 710

Creditors: amounts falling due (108) (28)
within one year
_______ ______
Net current assets 361 682
====== ======
Total assets less current liabilities 2,112 682
====== ======

Capital and reserves
Called up share capital 244 94
Share premium account 732 725
Merger reserve 1,350
Profit and loss account (214) (137)
_______ ______
Shareholders' funds - equity interests 2,112 682
======= ======



ALLTRUE INVESTMENTS PLC

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2006
------------------------------------------------


31 December 31 December
2006 2005
Notes #'000 #'000

Net cash outflow from operating activities (274) (154)
______ ______
Returns on investments and servicing of finance
Interest received 19 30
______ ______
Net cash inflow from taxation 3 -
______ ______
Capital Expenditure
Purchase of subsidiaries, net of bank balances
acquired (62) -
______ ______

Net cash outflow before management of liquid
resources and financing (314) (124)
______ ______
Financing
Issue of ordinary share capital net of expenses - -
______ _______
Net cash inflow from financing - -
______ _______

Decrease in cash in the period (314) (124)
======= =======




ALLTRUE INVESTMENTS PLC

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2006
--------------------------------------------------


1. Accounting policies

1.1 Accounting convention
The financial statements are prepared under the historical cost convention
and in accordance with the applicable accounting standards.

2 Basic and diluted loss per share
The loss per share attributable to ordinary shareholders is based upon a
loss of #195,000 (2005 #41,000) and the weighted average number of shares
ranking during the year of 231,427,774 (2005 -94,167,500).


NOTES TO THE ANNOUNCEMENT

1. The financial information set out above does not constitute the Company's
statutory accounts for the years 31 December 2006 or 31 December 2005, but
is derived from those accounts. Statutory accounts have been delivered to
the Registrar of Companies in England and Wales, and those for 2006 will be
delivered shortly.


2. The Report and Accounts are being posted to shareholders today and are
available from Finsgate, 5-7 Cranwood Street, London EC1V 9EE.





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

END
FR OKFKKOBKDBAB

[harry punter] 28/6/2007 06:57

"Shelly unless i get your written apology and signed afidavit listing all your crimes copied to les hughes at the fsa head of enforcement -your out of work in the city --mr shelly are you reading this message ?"

[harry punter] 28/6/2007 06:54

i am coming to get you shelly as i promised i would -if you remember when you worked as a director of adams and neville -

harry punter - 28 Jun'07 - 06:50 - 370 of 370 edit


i am intending taking you "shelly " and the fsa ex imro/sfa to the law courts for negligence and breech of promise --and i have all the files i need to win a personal financial settlement against both shelly and the regulatory authorites and all the various legal courts

[rodspotty] 27/6/2007 13:43

Results must be close. ????

Rodders

[rodspotty] 19/6/2007 13:34

Not looking for 0.4p anymore, losses elsewhere and into Eyeconomy on ofex. Here's hoping for some +ve progress in the results.

Rodders

[fenseal2] 19/6/2007 13:25

Yes rods...results out end of june, feeling good about this share so i don't mind paying 0.54...i know you are waiting for .4 but i don't think that will come, good luck anyway!!

[rodspotty] 19/6/2007 13:09

fenseal2 - you been topping up today?????

Rodders

[rodspotty] 18/6/2007 15:26

Well back to 1p, would be a start, then the float price of 2p next year. DYOR

Rodders

[fenseal2] 18/6/2007 15:03

spitfire3 do you hold...if so,where do you think this will go if results are any good.

[spitfire3] 18/6/2007 09:11

harry is a paid ramper.....you think what he says is correct.....???

[fenseal3] 13/6/2007 17:31

Harry any chance of finding info on ATR!!!...results due out end of june, if they are any good where do you see this going?...cheers Harry.

[harry punter] 13/6/2007 09:13

RE ---- MINSTER PHARMA ---MpM ''STRONG BUY @ 65P


harry punter - 13 Jun'07 - 06:54 - 348 of 354 edit


come on sharpe get your finger out - i want to see these shares up to 500p this time next year \o/ --i need a new aeroplane and boat for my annual winter trips in the caribean not to mention a few other basic things -must keep the girl friend happy lol

figure6 - 13 Jun'07 - 07:17 - 349 of 354


harry and the boys in dark glasses,what do you think of losses widening from £1.68m to £2.5m???? a bit poor!

leadersoffice - 13 Jun'07 - 07:51 - 350 of 354


makes me laugh when they say wat an excellent year it has been in your company making progress... thing is... u never see it reflected in the share price.
Still very hight risk in my opioion.

harry punter - 13 Jun'07 - 08:13 - 351 of 354 edit


£500ml spent already -figure6 - what's another 1 or 2 ml here or there spent on R&D --remember the potentential pay off for our compounds is huge - that's if we dont get taken over before that eventual pay day arrives --and also remember sharpe and this company retains the backing of the boys in dark glasses \o/

spitfire3 - 13 Jun'07 - 08:20 - 352 of 354


figure six and leadersoffice can you not see or accept that harry punter is a paid ramper...he holds no shares and posts 24/7 who else posts multiple times without answer..?

harry punter - 13 Jun'07 - 09:10 - 353 of 354 edit


the internet is 24-7

harry punter - 13 Jun'07 - 09:11 - 354 of 354 edit


these shares are undervalued going forward \o/

[bbd2] 12/6/2007 08:21

News out over at LEO's CLY could be interesting.

[harry punter] 10/6/2007 08:36

imho Minsters are well worth buying below 100p

i cant believe gaining regulatory approval is taking all this time --we should have bunged a few individuals at the FDA two years ago as i suggested. and also taken up the offer approach of a joint venture -with eli lilley --this was all happening in the early days and was prior to Minster's being formed ---as a small start up drug company qouted on the aim market

I dont even see the need for MpM to seek a nasdaq listing --as we have GsK totally supporting our company development and ?

should the need arise --minster MpM can easily raise more than enough capital from the city of london boys in dark glasses -as and when required \o/

regards Harry

[harry punter] 26/5/2007 20:02

i try -kas thank-you - i try \o/

[kasman] 26/5/2007 18:27

You're a good man Harry

[kasman] 25/5/2007 13:54

like in that latest will smith movie.