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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
World Trade Systems Plc | LSE:WTS | London | Ordinary Share | GB0031939183 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.50 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
10/8/2007 11:54 | Snap hotfinance cant remember if its 60 or 70 i have in the old shoe box .£12.5 to trade so not long to go before i can get 5p back ??? | h d shoring | |
10/8/2007 11:34 | Increases like this for the next 300 days and i will be in profit!!! | hotfinance14 | |
10/8/2007 10:30 | ALl trades delayed. | double6 | |
10/8/2007 08:53 | Has there been any buying? None on trades here yesterday and none so far today. Just director resignations. Perhaps something more going on in the background. Mike. | devil20 | |
10/8/2007 08:26 | On such a red day, the MM could be playing a game here - such a small number of shares in issue, any buying will see big rises. | double6 | |
10/8/2007 08:09 | Well, the MM has started the ball moving.... | double6 | |
07/8/2007 16:07 | NS Number:6976B World Trade Systems PLC 07 August 2007 WORLD TRADE SYTEMS PLC ANNOUNCEMENT The Board of World Trade Systems plc report that on 31 July 2007 Mr Richard Lascelles and Mr Murzban Mehta resigned as directors of the company. Mr Mehta continues as Company Secretary. The Board takes this oppportunity to thank Mr Lascelles and Mr Mehta for their past services. This information is provided by RNS The company news service from the London Stock Exchange END BOAKGGGRVNGGNZM could this be an indication that a possible RTO has been lined up ?.. saffy.. | safman | |
25/7/2007 07:26 | well, this one has been sitting in my penny portfollio for some time.. saffy.. | safman | |
24/7/2007 19:21 | Interesting paragraph - if a few people pick up on it, we could see some movement. | double6 | |
24/7/2007 15:49 | TRADING PROSPECTS While it has been a long time since the Company has had a trading business and it seems that little progress has been made, in fact a great many possibilities have been considered. There are also a number of favourable factors which have become evident in Asian markets such as Japan's recovery and the outward expansion of Chinese companies. We are confident that discussions which have commenced in the past few months will bear some fruit this year. saffy.. | safman | |
24/7/2007 15:24 | RNS Number:7843A World Trade Systems PLC 24 July 2007 WORLD TRADE SYSTEMS PLC -------------------- INTERIM REPORT Six months ended 31 March 2007 -------------------- CHAIRMAN'S STATEMENT INTRODUCTION The Company had no trading activities in the six month period from 1 October 2006 to 31 March 2007. RESULTS The loss for the period of #26,000: #59,000) arises from administrative expenses and charges. TRADING PROSPECTS While it has been a long time since the Company has had a trading business and it seems that little progress has been made, in fact a great many possibilities have been considered. There are also a number of favourable factors which have become evident in Asian markets such as Japan's recovery and the outward expansion of Chinese companies. We are confident that discussions which have commenced in the past few months will bear some fruit this year. Robert Lee Non Executive Chairman 24 July 2007 CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2007 Note 6 months to 6 months to 31 March 31 March 2007 2006 #'000 #'000 Continuing operations Operating income 2 2 Administrative expenses (28) (61) ______ ______ Loss from operations (26) (59) Finance income - - ______ ______ Loss before tax (26) (59) Taxation 6 - - ______ ______ Loss for the financial period (26) (59) from continuing operations Attributable to equity holders of the parent (26) (59) ______ ______ Basic and diluted loss per ordinary share 4 (0.003)p (0.006)p -------- -------- CONDENSED CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2007 Note As at As at 31 March 30 September 2007 2006 #'000 #'000 Assets Non-current assets Investment property 7 40 40 ________ _______ 40 40 ________ _______ Current assets Trade and other receivables 8 14 Cash and cash equivalents 137 72 _______ _______ 145 86 _______ _______ Total assets 185 126 _______ _______ Current liabilities Trade and other payables (65) (80) Financial Liabilities - borrowings 9 (380) (280) ______ _______ Total liabilities (445) (360) ______ _______ Net Current (liabilities)/assets (300) (274) ______ _______ Net Liabilities (260) (234) ______ _______ Equity Capital and reserves Share capital 5 4,378 4,378 Own shares (102) (102) Retained earnings (4,536) (4,510) _______ _______ Total deficit of equity attributable to equity holders of the parent (260) (234) _______ _______ CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR SIX MONTHS ENDED 31 MARCH 2007 Share Own Retained Total capital shares Earnings #'000 #,000 #'000 #'000 Balance at 1 October 2005 4,,378 (102) (4,353) (77) Loss for the period - - (59) (59) ______ ______ ______ ______ Balance at 31 March 2006 4,378 (102) (4,514) (136) ______ ______ ______ ______ Balance at 1 October 2006 4,378 (102) (4,510) (234) Loss for the period - - (26) (26) _______ ______ ______ ______ Balance at 31 March 2007 4,378 (102) (4,536) (260) ________ ______ ______ ______ CONDENSED CONSOLIDATED CASH FLOW STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2007 6 months to 6 months to 31 March to 31 March 2007 2006 #'000 #'000 Net cash used in operating activities (35) (50) Net cash received from/ (used in) financing activities New loan raised 100 - ____ _____ Net increase/(decrease) in cash and cash equivalents 65 (50) Cash and cash equivalents at beginning of period 72 81 ____ _____ Cash and cash equivalents at end of period 137 31 ____ _____ Notes to the condensed consolidated financial statements for the period ended 31 March 2007 1. Basis of preparation The condensed financial statements have been prepared using accounting policies consistent with International Financial Reporting Standards and in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. 2. Significant accounting policies The condensed financial statements have been prepared under the historical cost convention. The same accounting policies, presentation and methods of computation are followed in these condensed financial statements as were applied in the preparation of the Group's financial statements for the year ended 30 September 2006. 3. Going Concern The financial statements have been prepared on the going concern basis. Kudrow Finance Limited, the ultimate parent company, has made available unsecured interest free loans totalling #260,000 for which the earliest repayment date has been extended to 31 October 2008 and have also confirmed to the directors that it has made arrangements with a non-executive director, Mr Antares Cheng to provide such further financial support as the Company may require to meet its financial obligations as they fall due and to seek and develop new business opportunities. The earliest date for repayment of other loans amounting to #120,000 has been extended to 31 October 2008. Taking account of these factors the directors are satisfied that the Company and the Group has adequate working capital for the foreseeable future. 4. Loss per Ordinary Share has been calculated as follows: 6 months to 6 months to 30 March 31 March 2006 2006 #'000 #'000 This has been calculated on a loss attributable to ordinary shareholders of (26) (59) The weighted average number of shares listed was: Basic and diluted 8,747,377 8,747,377 5. Called up share capital At 31 March 2007 At 30 September 2006 Number #'000 Number #'000 Authorised Ordinary shares of 50p each - - 11,041,237 5,521 Ordinary shares of 1p each 11,041,237 110 - - Deferred shares of 49p each 11,041,237 5,411 - - _______ _______ 5,521 5,521 _______ ______ Allotted, called up and fully paid Ordinary shares of 50p each - - 8,753,867 4,378 Ordinary shares of 1p each 8,753,867 88 - - Deferred shares of 49p each 8,753,867 4,290 - - ______ _____ 4,378 4.378 ______ _____ The deferred shares do not entitle the holder to payment of any dividend or other distribution or to receive Notice of or attend or vote at any General Meeting of the company or on a return of capital to the repayment of the amount paid on such deferred shares until after repayment of the capital paid up on the Ordinary Shares together with payment of #1,000,000 on each Ordinary Share and the Deferred Shares shall not be capable of transfer at any time other than with the consent of the Directors. 6. Taxation There is no taxation charge for the six months ended 31 March 2007. (2006: #Nil). Unutilised tax losses carried forward are #996,000 (2005: #873,000). 7. Investment property The company's investment property comprises approximately 67 acres of agricultural land in the UK. The directors consider that the fair value of the Company's investment in freehold land is #110,000. The rental income earned by the Group in the period to 31 March 2007,from its investment property which is leased out on an agricultural tenancy, amounted to #1,500.(2006: #1,500). 8. Disposal of subsidiary On 6 February 2007, following an application made by the Directors to the Registrar of Companies , Lifecare International Limited, a wholly owned subsidiary, was dissolved under the provisions of section 652a of The Companies Act 1985. This resulted in a profit on disposal of #2,000 as follows and is dealt with in the financial statements of the parent company: #'000 #'000 Redemption of amounts owed to subsidiary 511 Cost of investment in subsidiary 3,377 Impairment provision 2,868 ----- Net carried value of Investment in subsidiary (509) ----- Profit on disposal 2 ---- 9. Financial liabilities - borrowings These represent unsecured interest free loans totalling #380,000 (2006: #160,000). These loans are interest free and repayable on demand. However, the lenders have by written consent agreed not to call for repayment of the amounts due until after 31 October 2008. During the period, the Group obtained a new loan of #100,000 from its ultimate parent company Kudrow Finance Limited. The proceeds were used to meet short term expenditure needs and to provide on-going funding for future working capital purposes. 10. Related party Transactions Murzban Mehta an executive director of the Company is a partner in the firm of Citroen Wells, Chartered Accountants. During the period the Company paid fees totalling #9,000 (2006: #8,750) for accountancy services provided by Citroen Wells. The total balance outstanding as 31 March 2007 was #9,000 (2005: #7,000) Robert Lee a non-executive director is the principal of Robert Lee Law Offices and a Director of Inter-Asia Consulting Group Inc. Under the terms of an agreement Inter-Asia Consulting Group Inc is entitled to receive a fee of #50,000 on the Company successfully concluding new business arrangements. At 31 March 2007 the company owed Robert Lee #6,700 in respect of unpaid director's fees (2005: #5,700) Richard Lascelles a non-executive director is owed #4,000 in respect of unpaid director's fees. (2006: #3,000) Kudrow Finance Limited, the ultimate parent company, has provided unsecured, interest free loans totalling #260,000 (2005: #160,000), which have been sourced from a company under the control of a non-executive director, Mr Antares Cheng. #105,000 of the loan was due for repayment on 31 December 2006 but the repayment period has been extended to 31 October 2008. #55,000 was due for repayment on 28 July 2007 but the repayment period has been extended to 31 October 2008. The balance of #100,000 was due for repayment on 5 February 2008 but the repayment period has been extended to 31 October 2008. 11. ThIs interim financial report is neither audited nor reviewed by the auditors and was approved by the Board on 24 July 2007. This announcement is being circulated to all Shareholders of the Company, and copies will be available to the public at the Company's registered office at Devonshire House, 1 Devonshire Street, London W1W 5DR. saffy.. | safman | |
18/7/2007 06:26 | Well said very soon, remember these directors made an application to the high court promised much and delivered nothing, their next move may be to consolidate the shares once again and wipe out all exisiting shareholders! then they will make the company work ! for themselves. DO NOT TRUST THEM 1 " OR I/10TH OF A PENNY | fernygrade | |
17/7/2007 18:50 | Couple of 10k sells, and the one MM on the game held the price. Any sustained buying could see sharp movement upward. Only 8 mln (ota) shares in issue - which appear to be tightly held. DYOR.... | double6 | |
17/7/2007 12:18 | Online trade size now up - this am couldn't trade more than 500 online. | double6 | |
17/7/2007 08:40 | Thought i would post as i havent posted on a board with such low number of posts. LOL. | regandjess | |
17/7/2007 08:20 | Only 1 MM on board... | double6 | |
17/7/2007 08:09 | News pending ? | double6 | |
25/4/2007 10:45 | More to the point I have just received notice of AGM etc and am being asked to vote on resulations and accounts, and guess what these dummies have not put in any accounts turnover etc, save for the line where they ask us for approval to allot relevant securities up to an aggregate nominal value of £9,250,00. THAT AMOUNT WOULD NOT BUY A BLOODY HOT DOG STALL OUTSIDE WEMBLEY STATION never mind the stadium! f | fernygrade | |
16/4/2007 19:09 | its hard to understand why kudrow keep throwing interest free money at wts if it has no future...there has to be a reason?????????????/ | albycat2 | |
06/3/2007 11:33 | looking at the holdings around 70% is held tightly, kudrow have 58% hence do have an interest in the shell.. saffy.. | safman | |
05/3/2007 07:46 | I suspect there'll be very few shares available to trade as everyone paid 10x, 20x 30x the current price in those Tamaris days, so it's just not worth it. If somebody is prepared to pay £5 a share, i'd consider selling ;o) Cheeks | cheeks | |
01/3/2007 17:10 | Whats with the big rise on no trades? | devil20 | |
01/3/2007 13:14 | Stuck with this ex Tamaris doggie. | canscott |
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