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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gcap Media | LSE:GCAP | London | Ordinary Share | GB0001742393 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 224.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
28 September 2018
Globe Capital Limited
("Globe Capital" or the "Company")
Interim Results for the six months period to 30 June 2018
Chairman’s Statement
Globe Capital Limited is pleased to announce its unaudited interim results for the 6 months period to 30 June 2018. Operational costs for the period amounted to £113k compared to £42k for the 6 months to June 2017.
During the period the company raised an additional £500,000 in equity, before costs to enable the commencement of the process of setting up of a new office in Business Bay, Dubai. Together with incorporating a new subsidiary; Vogel Marketing Services FZE in Ajman, United Arab Emirates. The company is continuing with the promotion of companies from the UK and EU within the gulf region.
The company continues to seek medium to long term investments in businesses that exhibit growth potential. The Company continues to intend to be an active investor in situations where the Company can make a clear contribution to the growth and development of the investment.
28th September 2018
David Barnett
Chairman
Globe Capital Limited
Statement of Comprehensive Income
Six months ended 30 June 2018
6 months ended 30 June 2018 |
6 months ended 30 June 2017 |
Year ended 31 December 2017 |
|
GBP '000 | GBP '000 | GBP '000 | |
Revenue | - | - | - |
Other Income | - | - | - |
Gross Profit | - | - | - |
Administrative Expenses | (113) | (42) | (89) |
Profit / (Loss) from Operations | (113) | (42) | (89) |
Finance Costs | - | - | - |
Profit / (Loss) Before Taxation | (113) | (42) | (89) |
Taxation | - | - | - |
Other Comprehensive Loss | - | - | - |
Profit / (Loss) for the period | (113) | (42) | (89) |
Earning / (Loss) per share | |||
Basic & Diluted (pence) | (0.05)p | (0.02)p | (0.05)p |
Globe Capital Limited
Balance Sheet as at 30 June 2018
30 June 2018 |
30 June 2017 |
31 December 2017 |
|
GBP '000 | GBP '000 | GBP '000 | |
Non-current assets | |||
Property, plant and equipment | 21 | - | - |
Investments | 14 | 14 | 14 |
Current assets | |||
Prepayments | 57 | 3 | 7 |
Cash and cash equivalents | 169 | 6 | 58 |
Other debtors and receivables | 126 | - | - |
Total Assets | 387 | 23 | 79 |
Current Liabilities | |||
Trade and other payables | 138 | 18 | 175 |
Accruals | 44 | 23 | - |
Financial Liabilities - Borrowings | - | - | - |
Creditors: falling due after more than one year | |||
Amounts due to directors | 11 | 23 | 32 |
Amounts due to a shareholder | - | 54 | 14 |
Total Liabilities | 193 | 118 | 221 |
Net Assets | 194 | (95) | (142) |
Shareholders' Equity | |||
Share Capital | 645 | 639 | 639 |
Reserves | (451) | (734) | (781) |
Total Equity | 194 | (95) | (142) |
Globe Capital Limited
Statement of Cash Flows
Period ended 30 June 2018
6 months ended 30 June 2018 |
6 months ended 30 June 2017 |
Year ended 31 December 2017 |
|
GBP '000 | GBP '000 | GBP '000 | |
Profit/(Loss) before tax | (113) | (42) | (89) |
Adjustment: | |||
Other income | - | - | - |
Depreciation | - | - | - |
Operating profit/(loss) | (113) | (42) | (89) |
Cash flows from operating activities | |||
(Increase)/decrease in trade and other receivables | (177) | 4 | - |
Increase/(decrease) in trade and other payables | 7 | 5 | (143) |
Amounts due to Directors | (21) | 15 | 19 |
Share based payments | - | - | |
Cash utilised in operations | (304) | (18) | (73) |
Cash flows from investing activities | |||
Bank interest received | - | - | - |
Purchase of tangible assets | (21) | - | - |
Net cash from investing activities | - | - | |
Cash flows from financing activities | |||
Issue of new shares | 450 | - | - |
Amounts due to a shareholder | (14) | 19 | 21 |
Net cash from financing activities | 19 | 21 | |
(Decrease)/increase in cash and cash equivalents | 111 | 1 | 52 |
Cash and cash equivalents at the beginning of the period | 58 | 5 | 6 |
Cash and cash equivalents at end of period | 169 | 6 | 58 |
Cash at Bank C/F | 169 | 6 | 58 |
The financial information set out above has not been reviewed or audited by the company's auditors.
Basic and diluted profit per share is calculated by dividing the loss for the period of £113,000 (2017: loss £42,000) by the weighted average number of ordinary shares of 222,586,419 (2017: 189,253,085).
The directors of Globe Capital Limited accept responsibility for this announcement.
For further information
Globe Capital Limited
David Barnett
Chairman
+1-855-280-6793
CORPORATE ADVISER AND CONTACT DETAILS:
Brian Stockbridge
First Sentinel Corporate Finance
Suite 12A
55 Park Lane
Mayfair, London
W1K 1NA
Tel +44 (0) 207 183 7405
E-mail: Brian@first-sentinel.com
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