We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Simian Glbl | LSE:SMG | London | Ordinary Share | GB00BDHBGL97 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSMG 28 September 2017 [NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.] Simian Global Plc ("Simian Global" or the "Company") Half yearly report for the six months ended 30 June 2017 The Chairman's Report In January 2017, the Company successfully completed a placing of 5,130,000 shares, raising GBP769,500 before expenses. Its shares were admitted to trading on the Main Market on 10 January 2017. The Company made a total comprehensive loss in the period of GBP154,000, which was mainly due to the advisor costs relating to the reverse takeover. Cash in hand at the period end was GBP443,000. The Board have entered into a non-binding Letter of Intent to acquire the entire issued share capital of GVC Holdings Limited, a company that specialises in outdoor media in Asia. Due diligence on the target is still underway, and if successful, the acquisition will result in the reverse takeover of the Company. The Company's shares were suspended on 17 February 2017, and remain suspended whilst the Company is preparing a new Prospectus. On behalf of the board Edward Ng Director 28 September 2017 Interim Condensed Statement of Comprehensive Income 6 months Period from 6 months Ended 26 February Ended 30 June 2016 to 30 June Notes 2017 31 December 2016 2016 GBP'000 GBP'000 GBP'000 Turnover - - - Cost of Sales - - - Gross Profit - - - Other Income / Expenditure - - - Administrative expenses (155) (101) - Loss before taxation (155) (101) - Tax on loss on ordinary - - - activities Loss after taxation (155) (101) - Loss and total comprehensive (155) (101) loss for the period - Basic and diluted earnings 5 (2.597p) (0.127p) - per share Interim Condensed Statement of Changes in Equity Share Share Premium Retained Total Capital Earnings Equity GBP'000 GBP'000 GBP'000 GBP'000 Incorporation - - - - Share Issue* 50 - - 50 Loss for the period - - - - Balance at 30 June 2016 50 - - 50 Issue of shares* 60 - - 60 Loss for the period - - (101) (101) Balance at 31 December 110 - (101) 9 2016 Issue of shares* 513 - 770 257 Loss for the period - - (155) (155) Balance at 30 June 2017 623 257 (256) 624 * On 10 January 2017, the Company's shares were admitted to the Standard Listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange Main Market. In total these shares amounted to 6,230,000 Ordinary Shares. Share capital is the amount subscribed for shares at nominal value. Retained losses represent the cumulative loss of the Company attributable to equity shareholders. Interim Condensed Statement of the Financial Position 30 June 31 30 June Notes 2017 December 2016 2016 GBP'000 GBP'000 GBP'000 Assets Current assets GVC Deposit 200 - - Trade and Other Receivables - 24 - Cash and Cash Equivalents 443 60 50 Total Current Assets 643 84 50 Total Assets 643 84 50 Equity and Liabilities Share Capital 6 623 110 50 Share Premium Account 6 257 - - Retained Earnings (256) (101) - Total Equity 624 9 50 Current Liabilities Trade and Other Payables 19 75 - Total Liabilities 19 75 - Total Equity and Liabilities 643 84 50 Interim Condensed Cash Flow Statement 6 Months Period 6 Months Ended from 26 Ended 30 June 2017 February 30 June 2016 Notes 2016 to 31 December 2016 GBP'000 GBP'000 GBP'000 Cash flows from operating activities Operating loss (154) (101) - Add: Depreciation - - - Add: Foreign exchange - - - movements Add: Share Based Payments - - - Reserve Add: Loss from equity - - - accounted investment Changes in working capital (Increase) / decrease in (200) - - inventories (Increase) / decrease in 24 (24) - receivables Increase / (decrease) in (56) 75 - payables Interest received - - - - - - Net cash flow from operating (386) (50) - activities Investing Activities Decrease in Investments - - - Acquisition of fixed assets - - - Disposal of fixed assets - - - Decrease / (Increase) in financial - - - assets Decrease / (Increase) in Loans - - - Net cash flow from investing activities - - - Cash flows from financing activities: Net proceeds from issue of shares 6 513 60 50 Net proceeds from share premium 256 - - Net cash flow from financing activities 769 60 50 Net cash flow for the period 383 10 50 Opening Cash and cash equivalents 60 50 - Closing Cash and cash equivalents 443 60 50 Notes to the Interim Condensed Financial Statements 1. General Information Simian Global plc ('the Company') is an investment company incorporated in the United Kingdom. Details of the registered office, the officers and advisers to the Company are presented on the Directors and Advisers page at the end of this report. The information within these Interim condensed financial statements and accompanying notes must be read in conjunction with the Audited annual financial statements that have been prepared for the period ended 31 December 2016. 2. Basis of Preparation These unaudited condensed consolidated interim financial statements for the six months ended 30 June 2017 were approved by the board and authorised for issue on 27 September 2017. The basis of preparation and accounting policies set out in the Annual Report and Accounts for the period ended 31 December 2016 have been applied in the preparation of these condensed interim financial statements. These interim financial statements have been prepared in accordance with the recognition and measurement principles of the International Financial Reporting Standards ("IFRS") as endorsed by the EU that are expected to be applicable to the financial statements for the year ending 31 December 2017 and on the basis of
the accounting policies expected to be used in those financial statements. The figures for the six months ended 30 June 2017 and 30 June 2016 are unaudited and do not constitute full accounts. The comparative figures for the period ended 31 December 2016 are extracts from the 2016 audited accounts. The independent auditor's report on the 2016 accounts was not qualified. 3. Segmental Reporting In the opinion of the Directors, the Company has one class of business, being that of an investment company. The Company's primary reporting format is determined by the geographical segment according to the location of its establishments. There is currently only one geographic reporting segment, which is the UK. All revenues and costs are derived from the single segment. 4. Company Result for the period The Company has elected to take the exemption under section 408 of the Companies Act 2006 not to present the parent Company income statement account. The operating loss of the Company for the six months ended 30 June 2017 was GBP 155,000 (2016: loss of GBPNil, year ended 31 December 2016: GBP101,000). The current period operating loss incorporated the following main items: 30 June 31 December 30 June 2017 2016 2016 (Unaudited) (Audited) (Unaudited) GBP'000 GBP'000 GBP'000 Accounting and administration fees 22 - - Admission expenses - 56 - Rent fees 7 - - Legal and professional fees - 45 - Listing costs 103 - - Other expenses 22 - - 5. Earnings per Share Earnings per share data is based on the Company result for the six months and the weighted average number of shares in issue. Basic loss per share is calculated by dividing the loss attributable to equity shareholders by the weighted average number of ordinary shares in issue during the period: 30 June 31 30 June 2017 December 2016 2016 GBP GBP GBP Loss after tax (154,415) (101,000) - Weighted average number of ordinary shares in 5,945,000 79,419,355 50,000,000 issue Basic and diluted loss per share (pence) (2.597p) (0.127p) - Basic and diluted earnings per share are the same, since where a loss is incurred the effect of outstanding share options and warrants is considered anti-dilutive and is ignored for the purpose of the loss per share calculation. There were no potential dilutive shares in issue during the period. 6. Share Capital Ordinary shares are classified as equity. Proceeds from issuance of ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of new ordinary shares are deducted against share capital. Allotted, called up and fully paid Number of Share Share ordinary shares of 0.1p each shares Capital Premium GBP GBP Balance at 26 February 2016 50,000,000 50,000 - Balance at 30 June 2016 50,000,000 50,000 - Share issue - 2 August 2016 60,000,000 60,000 - Consolidate shares - 3 August 2016 1,100,000 110,000 Balance at 31 December 2016 1,100,000 110,000 - Share issue - 10 January 2017 5,130,000 513,000 257,000 Balance at 30 June 2017 6,230,000 623,000 257,000 7. Events Subsequent to 30 June 2017 There were no events subsequent to the period end. 8. Reports This interim condensed financial statement will be available shortly on the Company website at www.simian global.com END
(END) Dow Jones Newswires
September 28, 2017 06:32 ET (10:32 GMT)
1 Year Smg Chart |
1 Month Smg Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions