Metro Baltic Share Discussion Threads

[maryquant] 24/6/2002 22:55

Dont know anything about SPG (Springboard Group???)
But Mettoni figs now 6 months overdue according to my reckoning?

[dil] 21/6/2002 11:50

Here's another one trying it on :


RNS Number:5813X
Health Clinic PLC
21 June 2002


Health Clinic Plc
("The Group" or "the Company")

Revised Date for Preliminary Results & Trading Statement


Further to the announcement made on 23 May 2002, the Board has decided to delay
publication of the Company's preliminary results, which were due to be announced
on Monday, 24 June 2002, pending resolution of certain non-cash accounting
issues.

These non-cash accounting issues have come to light towards the end of the audit
process. They clearly have to be resolved prior to publication of our results.

The adjustments have yet to be finalised, but the Directors believe that their
combined effect could mean that the results for the year ended 30 April 2002 may
show a loss before taxation.

The Board intends to announce the Company's preliminary results on or before 1
July 2002.


21 June 2002


Enquiries:

College Hill Tel: [phone]
Matthew Smallwood

Brewin Dolphin Securities Tel: [phone]
Mark Brady


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

[dil] 20/6/2002 21:40

Any thoughts on SPG Mary ?

[dil] 18/6/2002 22:13

maybe they've done a runner

[maryquant] 18/6/2002 21:46

well when the directors are not drinkin out of toilet bowls i think they do enjoy sniffin m8s butts, or catchin balls in the park, i think they also found out who killed JFK, he lives in the cell next to them. Whats taken them so long in getting the figs out?

[maryquant] 18/6/2002 21:05

where da figs. now very late year end was 31 Dece.

[maryquant] 18/6/2002 14:32

where da figs mommy?

[drbeat] 15/6/2002 10:05

Did you need a meddyg, butty?

[dil] 14/6/2002 20:23

geez you were bad enuff when you swallowed that Welsh one at Christmas

[maryquant] 14/6/2002 20:19

american slang, Dai. got new book.

[dil] 14/6/2002 16:34

What the bloody ell you onabout boyo ?

[maryquant] 13/6/2002 19:33

interesting fall today

[maryquant] 13/6/2002 07:57

Interessant, non?


RNS Number:1817X
AIT Group PLC
13 June 2002

Thursday 13 June 2002





AIT GROUP PLC

Delay in publication of preliminary results for year ended 31 March 2002



AIT Group plc ("AIT" or "the Company") announces that it will not be publishing
its preliminary results today as previously expected due to a number of issues,
outlined below. These have arisen during the course of the Company's audit,
which has not yet been finalised. The Board has concluded that there will be a
further shortfall in revenue and profit for the year ended 31 March 2002 in
addition to the expected shortfall in both revenue and profit of £1.1 million
announced on 31 May 2002.



The issues that have been identified as material are as follows:



- the Company has been unable to satisfy itself that a licence agreement
with a sales channel partner, the value of which was expected to be recognised
in the year ended 31 March 2002, is recognisable in that period. The effect of
this issue is expected to be the reduction of both revenues and profit before
tax by approximately £2.5 million; and



- the sale of a Portrait licence to Rossbank, the CRM outsourcer in
which the Company has a 20% stake, and associated consultancy service revenues
are also no longer expected to satisfy the Company's revenue recognition policy
due to Rossbank's projected payments being beyond April 2003. The effect of
this issue is expected to be the reduction of both revenues and profit before
tax of approximately £1.5 million; and



- the review of the carrying value of our investment in another
associate undertaking, a small consultancy business, as a result of which the
Company may make a provision of up to £0.3 million.



The overall negative effect of these three issues is expected to be
approximately £4.0 million on revenues and approximately £4.3 million on profit
and is incremental to the revenue and profit shortfall of £1.1 million announced
on 31 May 2002. The audit is not yet finalised and it is possible that the
final audited position may vary from this.



As of the close of business on 12 June 2002, the Company's net debt position was
£11.3 million (including the directors' loan to AIT of £0.7 million), in line
with the Company's expectations at the time of the announcement of the Company's
liquidity difficulties on 31 May 2002.



The Board continues to work with the Company's banker and financial adviser to
resolve the liquidity issue announced on 31 May 2002. An important aspect of
these discussions is the Company's ongoing negotiations with the vendors of IMA
(USA) Inc. for the further rescheduling of the payment of $3.5 million in
aggregate of remaining deferred consideration, which was due in full later this
month under the terms of the original acquisition agreement. The current
position is that only $1.0 million of this is now due later this month, rather
than the full amount, and the Company is now seeking further deferral of all
outstanding payments. Of the total consideration payable of net $15.6 million,
$12.1 million has already been paid.



In light of these developments, the Board believes that it is in the best
interests of all stakeholders in the business to defer the announcement of the
Company's preliminary results. The Company will announce its results as soon as
is practicably possible.



In parallel with the discussions in relation to the Company's financing and
finalisation of the audit, the Board is now actively pursuing a sale of the
Company and has already received a number of expressions of interest.



Enquiries:

[maryquant] 11/6/2002 22:28

Do you have the vindaloo football songwords, Dai. hic

[maryquant] 11/6/2002 22:28

burns both ends