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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Touch Grp | LSE:TOU | London | Ordinary Share | GB0002785516 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTOU RNS Number : 4985T Touch Group PLC 29 September 2010 Touch Group plc ("Touch" or the "Company") AGM Statement Touch Group plc is pleased to announce that all resolutions proposed at today's Annual General Meeting were duly passed. Vincent Isaacs, Executive Chairman, stated the following at the AGM: "Following on from my last Chairman's Statement, which was issued on August 27th this year, as stated, we are putting every effort into building and developing our revenues. Reporting our progress for the first five months of our fiscal year in sales based revenue, we have achieved in excess of 35% over the same period last year. However, this is not yet enough - we need a further increase to achieve profitability. Whilst the figures we are now achieving are sales based they are contracted orders; down the line they transfer into statutory revenue, which will reflect in our future Report and Accounts. I think it appropriate to also draw your attention to an unheralded capital asset embedded in our Company in the form of our portfolio of branded medical journals which have been established over the years. We produce in total 62 journals, 44 of these have been produced for over three years. Taking just these 44, the average period that they have been in production is over six years. The total "averaged" annual revenue figure for these 44 journals is in excess of GBP2.7m. In addition, we are generating reprint revenue from these journals which this year alone will be in excess of GBP750,000. We are well aware that we need to re-establish ourselves in the eyes of the investing market. The past under achievement has been reflected in the market and is a point we are striving to address. We need to remove this mantle and present ourselves as the Company we are working hard to be. This can only be done by performance and we are striving to demonstrate this performance." Enquiries: Touch Group plc Vincent Isaacs, Executive Chairman Tel: 0207 452 5222 Shore Capital and Corporate (Nominated Adviser to the Company) Andrew Raca Tel: 0207 408 4090 About Touch Group plc Touch Group plc is an international business-to-business publisher providing cutting-edge information that specialises in meeting the needs and requirements of the pharmaceutical and medical communities in both digital media and print. The Company also focuses on the energy industry, covering oil and gas exploration and production and renewable energy, in both America and Europe. This information is provided by RNS The company news service from the London Stock Exchange END AGMPGUWGBUPUUBB
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