Advance Capital Share Discussion Threads

[wole] 16/2/2004 09:44

If you want a cash shell you might as well get one at a discount to cash. ACN fits the bill.

[howdlep] 30/1/2004 15:56

Eventhough the share price is at a discount to nett asset value, it is the possiblity of a big name reversal that is likely to see this one gain considerably.

[silentaction] 30/1/2004 14:12

Summary: Placing and listing on AIM Advance Capital Invest PLC
1 December 2000
More info,

Nigel Whittaker, Chairman (Aged 52)

Mr Whittaker has extensive public company experience, especially with
Kingfisher plc where he was one of the original four-man management team, and
was an executive director from 1983 to 1995. He was chairman of B&Q plc from
1986 - 1989. Since 1995 Mr Whittaker has joined the boards of several
companies including Retail Decisions plc, Madisons Coffee plc, MTI Partners
Limited and Textstyle World Limited (at each of which he is chairman).

[silentaction] 30/1/2004 13:43

Advance Capital Invest PLC
30 January 2004


Immediate Release: Friday 30 January 2004


Advance Capital Invest plc

Preliminary Results for Year ended 31st October 2003


Chairman's statement

Results

Advance Capital Invest, the investment vehicle, was incorporated on 20 October
2000. In conjunction with its admission to AIM on 1 December 2000, the Company
raised a total of approximately £2 million cash. During the period under review,
ACI has not undertaken any trading activities, but incurred certain staff and
operational costs associated with reviewing a number of acquisitions.


As a result of the Board's decision to halve their remuneration the loss for the
year was reduced to £30,000 (2002: £68,000) and the cash outflow was reduced to
£30,000.

Outlook

The Board continues to actively review potential acquisitions. Since conditions
in the market have improved and there is positive investor sentiment the Board
believes this will make finding a suitable transaction easier than in the
previous two years.

ACI remains an attractive investment vehicle and if necessary, one capable of
providing additional managerial and capital input into a suitable opportunity,
once identified. The Company continues to have a strong balance sheet with net
assets per share of approximately 16.4p, consisting predominantly of cash at
bank and in hand.


Nigel Whittaker

Chairman

[baggywrinkle] 30/1/2004 12:01

This seems a clean cash shell on a 27% discount to cash.
Anyone any info/views about the management and likelihood of a deal ?

[vision88] 06/10/2003 15:56

Thank you for a very informative debate