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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ofex Holdings | LSE:OFX | London | Ordinary Share | GB0032654641 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 0.00 | - |
| 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 |
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| - | 0 | GBX |
Ofex Holdings (OFX) Share Charts1 Year Ofex Holdings Chart |
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1 Month Ofex Holdings Chart |
Intraday Ofex Holdings Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/11/2004 | 10:47 | ofex shake up prepares to BOOM | 153 |
| 06/10/2004 | 21:04 | 257 out of 495 Ofex companies bust to date.....? | 97 |
| 01/10/2004 | 12:11 | Ofex - is this market about to go bust? | 121 |
| 29/9/2004 | 16:49 | WINTERFLOODS to make market in OFEX | 33 |
| 29/9/2004 | 16:49 | Millbrook | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 05/11/2004 10:47 by vision88 correct Serkol PMK NEW TICKER PLUS MARKETS GROUP PLC (the "Company") PRESS RELEASE BOARD CHANGES AND CHANGE OF NAME CONFIRMATION NEW RULEBOOK UPDATE 2 NOVEMBER 2004 Further to yesterday's announcement regarding the passing of all resolutions at the Extraordinary General Meeting of the Company held on 1 November 2004 the Company confirms the completion of the placing and the admission to trading of 63,000,000 new ordinary shares and that the following changes have taken place today: Jonathan Jenkins and Emma Jenkins have resigned from the Board. Simon Brickles has been appointed Chief Executive Officer and Darren Francis has been appointed Chief Financial Officer. The Company also confirms that the change of the Company's name to PLUS Markets Group plc (previously OFEX Holdings plc) is now effective. The new "Rules for Issuers" have been produced and are being consulted upon privately with certain interested parties before being put to the market as a whole for general consultation. For further information please contact: PLUS Markets Group plc 020 7553 2000 Simon Brickles OFX NOW CLOSED NEW CODE IS PMK |
Posted at 01/11/2004 06:53 by vision88 The offer will be conditional upon the proposed placing of up to 63 mln newOFEX shares at the price of 5 pence per share, added Shield, a newly incorporated unit of Shield Resources Ltd. 63 million new shares hmmm!! what (Dilution)? will that be |
Posted at 29/10/2004 19:28 by vision88 LONDON (AFX) - Shield Investments PLC said it plans to launch a cash andshare offer for OFEX Holdings PLC, two days after OFEX ended its takeover talks with Zyzygy PLC. Shield said it will offer one share for each OFEX share held, with the OFEX shareholders ending up owning 40 pct of the company should its bid succeed. It will also give OFEX shareholders the choice to participate in a partial cash offer in respect to up to 50 pct of OFEX's oustanding shares at 6 pence per share, or 645,981 stg. The offer will be conditional upon the proposed placing of up to 63 mln new OFEX shares at the price of 5 pence per share, added Shield, a newly incorporated unit of Shield Resources Ltd. Shield said it has an "irrevocable commitment" for 900,000 stg to cover the partial cash offer. The company added it is also in advanced talks to get further funding of at least 1.6 mln stg which it will use to support OFEX's short term financing needs. |
Posted at 09/10/2004 22:06 by ant15 Currypasty I think this deal stinks.The company wanted to raise money when the share price was significantly higher Brokers said no price came down following their forced admission that they had little money and might need to shut the doors and then low and behold in comes the cheap money and by the way ...off you go JPJ....welcome Simon BG what a fix.No No No! hopefully before this pile of.... is put to bed someone will come up with a better solution.!!! who will SUPPORT the share price now or shouldnt we say this I hope they all catch a cold on this.63 million I suppose thats 3m for the company and 150,000 (5%) for NumisIts scandalous!! |
Posted at 06/10/2004 21:04 by ant15 Myway I would not be so sure Zyz have some friends in high places and some pretty persuasive advisers I am told.This could be a very interesting meeting of minds.I dont hold ofex but hold zyz and from what I have seen today certainly in terms of share price Ofex holders havent done too badly....I am not complaining either.So the moral might well be lets sit quiet and see for a while and let others speculate.ant |
Posted at 01/10/2004 09:41 by anley Some of you are quite right to think that the share price will not go up until details of the funding are announced. But I have to warn you that the company is "technically" bust and the directors will no doubt be hurrying around to get the funding so that they can get themselves out of a hole.Luke Johnson is no fool and will want the lowest price possible so he can average out and poor Mr Jenkins who took stock at 35p in exchange of a loan will not be too happy. My bet is that he will not participate in any new funding. I am a buyer but not until all the facts have been disclosed and answers to the future management have also been given to us. |
Posted at 30/9/2004 20:17 by responsible lad Banks will be very supportive of Ofex Holdings since they are as important company to society as British Energy is. In any share the derampers are always really nasty at times when the share prices are at their all time lows. Just take a look at PET when they were 4p, what false lyes and scare mongering I was sucked into believing which lost me out on a fortune.This Ofex Holdings will be my life saver as I am a poor man. If this share falls threw then that will be enough to finish me of for months, so please show me some symphany. |
Posted at 30/9/2004 13:32 by responsible lad Hi vision88,You are obviously on the ball since you sold out at HCR at the perfect time. I have been reading some of your posts yesterday on OFX and nearly went in with you. As I have a month that OFX is guarenteed not to go off the market in, I may double my investment in that time and sell out over half to make sure I bank a profit. I could see this going to 4p, though I got to say that since I can not get any money to put in till tomorrow morning. I shall post my trade before it goes threw tomorrow if there delayed, so you know its me. |
Posted at 30/9/2004 13:20 by responsible lad As OFX are in talks to raise capital beyond November, my bet is that they will and I will place that money on it tomorrow if the share price is below 7p still. Hopefully it will be 5p by then. |
Posted at 29/9/2004 09:05 by davidblack OFEX HOLDINGS PLCFUND RAISING DISCUSSIONS AND INTERIM STATEMENT 1) FUND RAISING DISCUSSIONS OFEX Holdings plc (the "Company") announces that it is in discussions to raise additional capital for the Company. The purpose of the fund-raising to provide working capital now and for the longer term and to finance the Company's marketing expenditure which it intends to use, inter alia, to develop the Group's product, increase its presence in the regions outside London and the South East, to promote its market more widely overseas and to enhance the branding of the Group's product. As part of the Company's re-branding the Company is intending to split its market into two tiers, a regular section and a premier section. The premier section will be designed to showcase certain companies, which seek to bring themselves to the attention of additional investors, and companies will be required to meet certain size and liquidity thresholds. The regular section will cover all existing OFEX companies who do not join the premier section. The Directors are seeking to raise sufficient funds to realise the Company's plans but the outcome of these discussions is uncertain. The Company presently believes that it has sufficient funds to carry on its activities in the short term but would require additional funding in order to carry on its business in its existing state beyond the end of November. The Directors will continue to monitor the position. 2) INTERIM STATEMENT FOR THE SIX MONTHS FROM 1 JANUARY 2004 TO 30 JUNE 2004 OFEX Holdings plc, whose wholly owned subsidiary, OFEX plc, operates the OFEX market in the United Kingdom and is authorised and regulated by the FSA, reports its interim results for the six months ended 30 June 2004. RESULTS The consolidated results for the six months ended 30 June 2004 show a loss for the six months ended 30 June 2004 of GBP533,000 (2003: loss of GBP273,000). Income at GBP570,000 (2003: GBP555,000) was 41% below budget primarily due to lower than targeted levels of new admissions. Expenditure at GBP1,103,000 (2003: GBP815,000) was marginally below budget. No dividend will be paid. PERFORMANCE OF THE OFEX MARKET There has been a decline in the number of securities traded on the OFEX market over the six month period under review. Whilst the number of new admissions, at eight, was the same as for the corresponding period in 2003, and turnover was marginally up by 3%, both numbers were considerably below the level targeted. The number of companies leaving the market rose to 24 (2003: 19), with 6 choosing to move to the AIM market (2003: 2). The level of IPO funds raised remained constant and improved market conditions for established OFEX companies allowed an increase of second-round funding in the period under review to a level not surpassed since the comparative period in 2000. Since the Company strengthened its business development team in the first quarter the "pipeline" of potential entrants has increased significantly. In addition, the move to competing market makers ("CMM"), which went live in July 2004, has already produced a new level of investor confidence, and additional institutions are now able to consider OFEX securities for investment. Whilst the impact of CMM on improving access to finance for potential companies will take time to filter through to the numbers of new applications, its effect on existing issuers has been immediate, and positive. Since CMM went live shortly after the end of period under review, trading levels have significantly improved, with trade numbers 78% higher than in the equivalent period in 2003. In addition approximately 40% of all securities have seen a significant reduction in spreads. An initial review of the Normal Market Sizes quoted by the market indicates that the minimum liquidity threshold of 34 companies increased markedly. I would like to thank all the teams at OFEX, Winterflood, Hoodless Brennan, Teather & Greenwood and J P Jenkins for working with such a high degree of commitment on the project. THE FUTURE I informed the board in August of my decision to retire from the Chairmanship of the Company as soon as a suitable replacement is found. I am proud to have been Chairman of OFEX from its inception in 1995 through to its recent evolution with the introduction of competing market makers in July 2004. I would like to thank the whole OFEX community for their support over the years, particularly the OFEX staff themselves. Subject to the outcome of the fundraising discussions referred to in the accompanying statement, your Board will continue to explore a number of projects and initiatives to enhance the OFEX model both domestically and internationally. John Jenkins Chairman 29 September 2004 OFEX HOLDINGS PLC CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 JUNE 2004 SIX SIX YEAR ENDED MONTHS MONTHS 31 DECEMBER ENDED 30 ENDED 30 2003 JUNE 2004 JUNE 2003 AUDITED NOTES UNAUDITED UNAUDITED GBP'000 GBP'000 GBP'000 TURNOVER 570 555 1,097 OPERATING COSTS Staff costs (567) (410) (843) Other operating charges (536) (405) (754) (1,103) (815) (1,597) OPERATING LOSS (533) (260) (500) Interest receivable 8 1 1 Interest payable (8) (14) (36) LOSS ON ORDINARY ACTIVITIES (533) (273) (535) RETAINED LOSS FOR THE PERIOD (533) (273) (535) Loss per share - basic and 5 (2.47)p (3.90)p (3.34)p diluted OFEX HOLDINGS PLC CONSOLIDATED BALANCE SHEET 30 JUNE 2004 AS AT AS AT AS AT 30 JUNE 30 JUNE 31 2004 2003 DECEMBER NOTES UNAUDITED UNAUDITED 2003 GBP'000 GBP'000 AUDITED GBP'000 FIXED ASSETS Intangible - Intellectual Property Rights 500 500 500 Tangible 292 34 78 Investments 1 1 1 793 535 579 CURRENT ASSETS Debtors 7 207 170 239 Prepayments 121 133 73 Cash at bank and in hand 9 475 363 74 803 666 386 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank Loan 9 (67) - - Creditors (201) (201) (86) Amounts due to related party - J P 8 (36) (20) (80) Jenkins Limited Deferred income 6 (441) (448) (553) (745) (669) (719) NET CURRENT ASSETS / (LIABILITIES) 58 (3) (333) CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Amounts due to related party - J P 8 (138) (727) (703) Jenkins Limited 9 (133) - - Bank Loan (271) (727) (703) NET ASSETS / (LIABILITIES) 580 (195) (457) CAPITAL AND RESERVES Called up share capital 3,4 1,077 789 789 Share premium 3,4 2,064 782 782 Profit and loss account 4 (2,561) (1,766) (2,028) EQUITY SHAREHOLDERS' FUNDS / (DEFICIT) 4 580 (195) (457) OFEX HOLDINGS PLC COMPANY BALANCE SHEET 30 JUNE 2004 AS AT AS AT AS AT 30 JUNE 30 JUNE 31 2004 2003 DECEMBER NOTES UNAUDITED UNAUDITED 2003 GBP'000 GBP'000 AUDITED GBP'000 FIXED ASSETS Investments in subsidiaries 10 2 500 500 CURRENT ASSETS Amounts owed by group undertakings - due 284 - 1,037 after one year 17 - 4 Debtors and prepayments 284 293 1 Cash at bank and in hand 585 293 1,042 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE (7) - (2) YEAR TOTAL ASSETS LESS CURRENT LIABILITIES 580 793 1,540 CAPITAL AND RESERVES Called up share capital 3,4 1,077 789 789 Share premium 4 2,064 782 782 Reserves (2,561) (778) (31) EQUITY SHAREHOLDERS' FUNDS 580 793 1,540 OFEX HOLDINGS PLC NOTES TO THE ACCOUNTS FOR THE SIX MONTHS ENDED 30 JUNE 2004 1. BASIS OF PREPARATION These interim accounts, which are unaudited, have been prepared on the basis of the accounting policies set out in the statutory accounts for the year ended 31 December 2003 of OFEX Holdings plc. The financial information contained in this interim report does not constitute the Group's statutory accounts within the meaning of section 240 of the Companies Act 1985. The comparative information contained in this report for the period ended 31 December 2003 does not constitute the statutory accounts for that financial period. Those accounts have been reported on by the company's auditors, Deloitte & Touche LLP, and delivered to the Registrar of Companies. The report of the auditors was unqualified and did not contain a statement under section 237 (2) or (3) of the Companies Act 1985. 2. GOING CONCERN The Company has today issued an announcement that it is seeking to raise additional capital. These interim accounts have been prepared on a going concern basis, since the Directors currently believe that the fundraising will be successful. However, the ultimate outcome of the fundraising discussions is uncertain. The financial information does not include any adjustments that would be necessary should this fundraising not prove to be successful. 3. SHARE CAPITAL On 13 January 2004, 4,000,000 shares were allotted at 25p per share and GBP610,000 of a loan note held by J P Jenkins Limited was converted at 35p per share into 1,742,857 ordinary shares. 4. MOVEMENT ON SHAREHOLDERS' FUNDS SHARE SHARE PROFIT AND TOTAL CAPITAL PREMIUM LOSS ACCOUNT ACCOUNT GBP'000 GBP'000 GBP'000 GBP'000 As at 31 December 2003 790 781 (2,028) (457) Shares issued in period 287 1,323 - 1,610 Share admission expenses - (40) - (40) Loss for the period - - (533) (533) 1,077 2,064 (2,561) 580 5. LOSS PER ORDINARY SHARE Basic loss per share has been calculated by dividing the loss on ordinary activities after taxation by the weighted number of shares in issue during the period. Diluted loss per share is basic loss per share adjusted for the effect of conversion into fully paid shares of the weighted average number of share options in existence during the period. As the Group has made a loss during the period, under FRS14 no dilution effect has been calculated. SIX MONTHS SIX MONTHS YEAR ENDED ENDED 30 ENDED 30 31 DECEMBER JUNE 2004 JUNE 2003 2003 GBP'000 GBP'000 GBP'000 Loss on ordinary (533) (273) (535) activities after taxation NUMBER NUMBER NUMBER Weighted average 21,532,701 8,817,382 15,789,844 number of shares PENCE PENCE PENCE Loss per share (2.47) (3.09) (3.34) 6. DEFERRED INCOME OFEX issuers and corporate adviser category members pay an annual fee. The fee is payable in advance. The deferred income provision recognises that the issuers and members have paid their fees for periods that extend beyond 30 June, and therefore the income will be accounted for by OFEX in a future accounting period. 7. DEBTORS The balance at 30 June 2004 includes a rental deposit of GBP35,250 that was paid to the landlord of the premises that the Company moved into in April 2004. The deposit becomes repayable five years after the lease commencement date of 10 February 2004. 8. AMOUNTS DUE TO RELATED PARTY - J P JENKINS LIMITED As part of a share placing in January 2004, GBP610,000 of the loan from J P Jenkins Limited was converted into ordinary shares of the Company at 35p per share. SIX SIX YEAR ENDED MONTHS MONTHS 31 ENDED 30 ENDED 30 DECEMBER JUNE JUNE 2003 2004 2003 GBP'000 GBP'000 GBP'000 Outstanding as at 1 January 783 1,680 1,680 Net advances - 65 65 Interest accruing 7 - 36 790 1,745 1,745 Less: Assignment of loan due from Enriched - (300) (300) Events Ltd Deed of partial release - (198) (198) Repaid from proceeds of the Offer for - (500) (500) Subscription Conversion to ordinary shares (610) - - Repayments in period (6) - - Balance as at period end 174 747 783 Repayments of GBP3,000 per month commenced on 1 May 2004. Interest is accruing at the rate of 6 per cent per annum on the reducing residual balance. 9. BANK LOAN A three year loan facility of GBP200,000 was established in April 2004 in relation to the fit-out costs associated with the Company's move to its current premises, as a result of the lease on its old premises expiring in May 2004. The rationale of the loan being to match the useful life of the capitalised fit-out costs with the related cash-flows, however, significant cash cover was required to establish the facility, and GBP180,000 of the amount reflected within the cash balance of GBP475,000 at 30 June 2004 relates to this arrangement, over which the facility provider has a charge in the event of default on the loan repayments. The cash cover reduces in profile with the loan repayments. 10. INVESTMENT IN SUBSIDIARIES The value of the investment in Kudosoption plc, a dormant subsidiary, has been written down during the first six months of 2004. The write down amounted to GBP498,000 and the valuation now stands at a nominal amount of GBP1,000. The balance of GBP1,000 relates to the investment in OFEX plc. 11. SHARE OPTION SCHEMES The total number of share options outstanding under the OFEX Plans as at 30 June 2004 was 2,630,473: -------------------- | Number of Share |Exercise Price|Grant Date|Earliest Exercise |Expiry Date| | Options | | | Date | | -------------------- | 945,000 | 25p |01/04/2003| 01/04/2006 |31/03/2013 | -------------------- | 618,553 | 29.5p |11/03/2004| 11/03/2007 |10/03/2014 | -------------------- | 1,066,940 | 28.25p |31/03/2004| 31/03/2007 |30/03/2014 | -------------------- INDEPENDENT REVIEW REPORT TO OFEX HOLDINGS PLC INTRODUCTION We have been instructed by the company to review the financial information for the six months ended 30 June 2004, which comprises the consolidated profit and loss account, the balance sheets and related notes 1 to 11. We have read the other information contained in the interim report and considered whether it contains any apparent misstatements or material inconsistencies with the financial information. This report is made solely to the company, in accordance with Bulletin 1999/4 issued by the Auditing Practices Board. Our work has been undertaken so that we might state to the company those matters we are required to state to them in an independent review report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our review work, for this report, or for the conclusions that we have formed. DIRECTORS' RESPONSIBILITIES The interim report, including the financial information contained therein, is the responsibility of, and has been approved by, the directors. The directors are also responsible for ensuring that the accounting polices and presentation applied to the interim figures are consistent with those applied in preparing the preceding annual accounts except where any changes, and the reasons for them, are disclosed. REVIEW WORK PERFORMED We conducted our review in accordance with the guidance contained in Bulletin 1999/4 issued by the Auditing Practices Board for use in the United Kingdom. A review consists principally of making enquiries of group management and applying analytical procedures to the financial information and underlying financial data and, based thereon, assessing whether the accounting policies and presentation have been consistently applied unless otherwise disclosed. A review excludes audit procedures such as tests of controls and verification of assets, liabilities and transactions. It is substantially less in scope than an audit performed in accordance with United Kingdom auditing standards and therefore provides a lower level of assurance than an audit. Accordingly, we do not express an audit opinion on the financial information. FUNDAMENTAL UNCERTAINTY RELATING TO THE CONTINUED USE OF THE GOING CONCERN BASIS In arriving at our review conclusion, we have considered the disclosures in note 2 concerning the continued use of the going concern basis for the preparation of the financial information. It is not possible for us to determine adjustments, if any, to the financial statements which would arise should this basis prove not to be appropriate. REVIEW CONCLUSION On the basis of our review we are not aware of any material modifications that should be made to the financial information as presented for the six months ended 30 June 2004. Deloitte & Touche LLP Chartered Accountants London 29 September 2004 |
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