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WTS World Trade Systems Plc

2.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

World Trade Systems Share Discussion Threads

Showing 276 to 298 of 550 messages
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older
DateSubjectAuthorDiscuss
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
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older

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