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Finance Ireland Share Discussion Threads
Showing 1326 to 1348 of 1350 messages
|Latest Firefox is brilliantly quick. Not going back to Explorer. Explorers are great, as was Captain Scott and Shackleton.. open boat for 12 weeks... brrr.
Go for the Firefoxd, it is astounding ( to me).|
|Still a fair bit of buying going on here - it ain't over until....|
|Well - all of yesterdays SELLS almost covered.
Online BUY at 1.5.
Should see some action on any more buys.|
|RNS Number : 1496V
Finance Ireland PLC
23 May 2008
23 May 2008
Finance Ireland PLC
Proposed Delisting from AIM
Finance Ireland PLC (the "Company") announces that it intends to seek the approval of
shareholders to de-list its ordinary shares on AIM
In February 2008, the Company announced its temporary withdrawal from the Lifetime
Mortgage business due to ongoing difficulties in the
mortgage securitisation and wholesale funding markets. In response, the Company has
dramatically reduced its overhead costs to a level
commensurate with the ongoing management of its Lifetime Mortgage and|
|Surely there must be some interest from outside parties ?|
|Whats going on here. NAV is 17 cents, thats 13 pence!|
|50k Buy now showing.
Any more, and yesterdays sells will be covered.
Not over yet?|
|Online buy price at 1.2
Looks like a small sell at premium to touch price
Could still get interesting over the next 3 weeks|
Shares = 18mln - current market cap = £250,000.
From Last Accounts
Shareholder funds = Euro15.7 million.
Total assets increased by 40% to just under Euro68 million.
Net assets of 17 cent per share.
Surely, with such a minimal capitalisation at present, there will be some interest from third parites before the proposed delisting next month.
|I was concerned about the Irish Mortgage market and will keep this on my watch list for now|
|Angry manc consolidation to 5p share means taking 5 existing 1p shares and replacing them with 1 new consolidated 5p share i.e a 5 for 1 exchange the old share price was 7.125 multipy by 5 equals 35.625p per new consolidated share.
Either the shares went down 1.625p per new share or the spread narrowed or a little of both.
This would remain a very high risk share, it's interest income stream is only half it's running costs which will increase as they set up the new business with investec probably some time before the new venture develops an income. Check the state of the Irish mortgage market, if it's about to dive like the UK you would have to punt on a pure gamble.
As always do your own research, no advice to buy or not to buy is implied just an opinion.|
|I have done the same. Will be looking at the business model and whether it can grow sufficiently. Can understand some rise today due to the 5p share price for the consolidated shares, but not the jump to 30p.
Home reversionary are a long term business needing capital growth from houses being effectively bought by the company. Dont know enough about future income stream yet|
|Just came across this and looks very interesting,any thoughts anyone|
Finance Ireland PLC
30 April 2007
30 April 2007
Embargoed For Release at 7.00am
Finance Ireland Plc
('Finance Ireland' or 'the Group')
Audited Final Results for the Six Months Ended 31 December 2006
Finance Ireland Plc (AIM: FIRE), the holding company for Shared Home Investment
Plan Plc ('SHIP'), a leading Irish provider of equity release products to the
over 60s, is pleased to announce its audited final results for the six months
ended 31 December 2006.
*Interest income of Euro620k (year ended 30 June 2006: Euro90k)
*Lifetime mortgage loans totalled Euro26.2m at year end (30 June 2006: Euro10.6m)
*Net book value of home reversion interests of Euro7.4m (30 June 2006: Euro6.9m)
*Announced joint venture with Investec Holdings (Ireland) Limited to
launch a specialist mortgage lender for the non-standard mortgage market in
Ireland called Nua Homeloans Limited ('Nua Homeloans')
*Acquired additional reversionary interests in 45 residential properties
through the purchase of S.H.I.P. Property Trading (One) Limited, a special
purpose company , for Euro5.5m in November 2006*
*Completed a private placing of Euro2.4m (£1.68m) of convertible loan notes
in February 2007*
* Completed subsequent to the period end
Commenting on the audited results, Billy Kane, Chairman and Chief Executive of
Finance Ireland said:
'The Group made excellent progress in the 6 months to December 2006 with strong
growth in our Lifetime Mortgage business up to Euro26.2m and the addition of a
further 45 reversionary interests to our Home Reversion portfolio now valued in
excess of Euro13m.
Nua Homeloans, our Joint Venture with Investec Holdings (Ireland) Limited was
launched on the 5th April and initial indications are very encouraging.
SHIP is moving to new business premises in Grand Canal House, Dublin 4 which we
will share with Nua Homeloans.'
Finance Ireland Plc: +353 87 259 7640
Billy Kane, Chairman and Chief Executive
Dawnay, Day Corporate Finance Limited 020 7509 4570
CHAIRMAN'S STATEMENT AND OPERATING REVIEW
As outlined in my previous statement issued on 12th March 2007, I now have
pleasure in presenting you with the audited accounts for the six month period
ended 31st December 2006. This 'short year' is to facilitate our change of
financial year end from 30th June to 31st December from this date forward.
In the period, our Lifetime Mortgages generated gross interest income of Euro557k
on advances which totalled Euro26.2m at year end. These products have been very
well received among Mortgage Intermediaries and I am happy to report that we
have now reached our target number of 180 formally registered intermediaries all
of whom are authorised by the Financial Regulator to refer mortgage clients to
us on a commission basis. In order to further develop both our direct and
intermediary business, we have recently commissioned our first television
advertising campaign, which will be broadcast in May 2007.
Our Home Reversion portfolio now amounts to holding interests in a total of 102
properties. This follows the acquisition of reversionary interests in 45
residential units through the purchase of S.H.I.P. Property Trading (One)
Limited, a special purpose company, for Euro5.5m. The transaction was completed on
31st January 2007. Two reversionary interests were sold in the period generating
a profit of Euro53k.
Our operating cost base has increased to Euro1.0m for the period but remains
tightly controlled and reflects the increased number of staff to 10 in the
Nua Homeloans, our joint venture with Investec Holdings (Ireland) Limited, is
now operational and working out of its new premises at Grand Canal Street Upper,
Dublin 4. We have recruited a highly rated and experienced management team
headed by Declan Fitzpatrick, who is very well known among mortgage
intermediaries. Nua Homeloans held a very successful 'launch' at the Shelbourne
Hotel on 4th April which was attended by over 250 mortgage intermediaries and
Despite some recent adverse press commentary on the equity release market, our
lifetime mortgage business remained strong in the first quarter of 2007.
Subsequent to the period end, we raised an additional Euro2.4m (£1.68m) to finance
the further development of the home reversion and sub-prime mortgage businesses
The Group continues to evaluate other opportunities in niche retail financial
services in the Irish market.
Chairman and Chief Executive|
|Works fine for me at all times. I have latest version installed.|
|Works absolutely fine for me mate. WHich bit doesn't work for you?|
|Is anyone out there using the FireFox browser successfully with ADVFN ?
I have recently installed FireFox myself and it seemingly works perfectly with other sites apart from ADVFN.
Discuss anyone ?
|Gang tied fireworks to dog's body
Thugs blew up a Yorkshire terrier by tying fireworks to its body and then took pictures of the aftermath on their mobile phones, the dog's owner said.
|matthewa - Aye, we must be the oldest tech investors in town. At least we survived it.|
|It's a shame really that Kevin Cash was involved as the Xstream Network was the first company in the world to introduce free 0800 internet access. Freeserve followed shortly afterwards and the rest is history.|
|My My Firecrest Group. I rember this old dog. Used to be a great AIM volatile trade. Had a few of these that became 'Super Phone' then 'Xtreme' and knocked them out for a profit (Mr Manning was CEO I thought.).|
|JonC are you Haystack = PWill?.