TechFinancials Share Discussion Threads

[hedgehog 100] 27/9/2024 14:24

Latest Announcements & Notices
Date Title
27 Sep 24 11:00 TechFinancials Inc. - Interim Report to 30 June 2024



TechFinancials Inc. - Interim Report to 30 June 2024
RNS Number : 0281G
TechFinancials Inc.
27 September 2024

... Financial Overview

· Company Revenues of US$ nil (H1 2023: US$ nil)

· Loss for the period attributable to shareholders of US$0.090m (H1 2023: loss of US$0.073m)

· Cash position at the period end of H1 2024 US$0.318m (31 December 2023: US$0.371m)

· Basic loss per share ("EPS") of (US$0.001) (H1 2023 (US$0.001))

Asaf Lahav, Chief Executive Board Member of TechFinancials, commented:

"We continue to look for investment opportunities to maximise the Company's value, leveraging its available cash." ...

... Chairman's Statement

The Company will continue to look for new ways to increase its value exploring investment opportunities.

Outlook

We will continue to look for opportunities to materialise our assets or join forces with other companies in order to be able move forward.

I would like to thank our shareholders for their continued support in what has been a difficult period globally as well as for the Company.

We look forward to updating the market on our progress in due course.

Eitan Yanuv
Independent Non-Executive Chairman
27 September 2024 ...

[hedgehog 100] 27/6/2024 14:45

Latest Announcements & Notices
Date Title
27 Jun 24 15:03 TechFinancials Inc. - Annual Report for the year ended 31 December 2023



TechFinancials Inc. - Annual Report for the year ended 31 December 2023
RNS Number : 2135U
TechFinancials Inc.
27 June 2024

... Financial Highlights

· No revenues in 2023 as expected as the Company has moved to being an investment entity.

· Pre-tax loss attributable to shareholders of US$0.166 million (2022: loss of US$0.269 million)

· Cash position of US$0.37million as at 31 December 2023 (2022: US$0.55 million)

· Basic earnings per share ('EPS') (US$0.0019) (2022: (US$0.0032))

· In 2022 and 2023, the Company acquired shares to take minority holdings in a number of companies listed on the Nasdaq, LSE and AIM (Note 7)

Operational Cost Reduction

· The Company closed all of its subsidiaries.

Investment Activities

· The Company used its cash to invest small amounts in several listed entities in 2023. This activity resulted in an unrealised profit of approximately US$10 thousand in the year. The Company also sold some investments, which resulted in realised profit of US$11 thousand in the year.

Chairman's Statement

2023 was a year in which the Company focused on looking for new ways to increase its value for shareholders.

The Board decided to continue to invest some of its cash in listed companies. The Company continues to look for new ways to increase its value.

Dividends

The Board will not be recommending a final dividend to the shareholders of the Company for the year ended 2023 (2022: $nil).

Outlook and current trading

This year we focused on seeking new investment opportunities to increase the value of the Company.

The Company will continue to look for investment opportunities to maximise the Company's value, leveraging its available cash.

I would like to thank our shareholders for their continued support in what has been a year of consolidation.

We look forward to updating the market on our progress in due course. ...

[1399peter] 05/10/2023 05:41

Thanks for posting hedgehog, doesn't look like this is going to go anywhere soon. Just the usual bull from a hopeless business.

[hedgehog 100] 30/9/2023 20:17

Latest Announcements
Date Title
29 Sep 23 07:00 TechFinancials Inc. - Interim Results to 30 June 2023



TechFinancials Inc. - Interim Results to 30 June 2023
RNS Number : 0390O
TechFinancials Inc.
29 September 2023

... Financial Overview

· Company Revenues of US$ nil (H1 2022: US$ nil)

· Loss for the period attributable to shareholders of US$0.07m (H1 2022: loss of US$0.16m)

· Cash position at the period end of H1 2023 US$0.45m (31 December 2022: US$0.55m)

· Basic loss per share ("EPS") of (US$0.001) (H1 2022 (US$0.002))

Asaf Lahav, Chief Executive Board Member of TechFinancials, commented:

"In the first half of the year the Company continued to focus on administrative cost reductions and will continue to look for investment opportunities to maximize the Company's value, leveraging its available cash."

... Chairman's Statement

In H1 2023 the Company continued to focus on reducing costs. The Board decided to invest some amounts in listed companies. The Company will continue to look for new ways to increase its value.

Outlook

We will continue to look for opportunities to materialize our assets or join forces with other companies in order to be able move forward.

I would like to thank our shareholders for their continued support in what has been a difficult period globally as well as for the Company.

We look forward to updating the market on our progress in due course.

Eitan Yanuv
Independent Non-Executive Chairman
29 September 2023 ...

[skinny] 27/9/2023 05:57

.

"British scientists are to build the world’s most powerful laser, an £85 million device that they hope will accelerate efforts to harness nuclear fusion as a source of near-limitless clean energy."