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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
All Ipo | LSE:ALP | London | Ordinary Share | GB0031922726 | 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% | 1.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1077R ALL IPO PLC 31 March 2008 ALL IPO PLC ('ALL IPO' or 'the Company') Unaudited Interim Results for the Six Months Ended 31 December 2007 ALL IPO today announces unaudited interim results for the six months ended 31December 2007. Chief Executive's Statement Since our last published figures for the year ended June 2007 we have continued to make IPOs available to the private investor. Currently this is proving to be a difficult task as most IPOs that had been planned have been postponed or cancelled altogether. We have however been able to make available 21 IPOs during the six month period. Whilst we have been included in a number of major offers, the IPO market is effectively closed at present due to market conditions. We remain committed to offering IPOs and firmly believe that private investors should be part of the IPO process and that when the market returns we will be in a strong position to benefit. We have continued to develop ALL IPO's platform and technology base and have taken the business forward into a new but related area as we felt that it was not prudent to sit on our hands and wait for more benign market conditions to return. As such, we have developed a series of tools aimed at the professional market. This is highly specialised work but our initial order commitment in effect covers the bulk of our running costs going forwards in 2008. Admittedly, ALL IPO costs have been reduced to a minimum, but with this project, we are in a good position to sit out the 'credit crunch' environment awaiting the return of equities market IPOs. Meanwhile our professional line opens up other opportunities that may prove lucrative. Our costs have remained low and we have reduced the loss for the period by 48% as compared to the same period last year. These numbers published today include £236,000 depreciation costs which represent 63% of our total administrative expenses for the six months. I would like to thank all of the team for their extremely hard work, their loyalty and the flexibility to overcome a major hiatus in ALL IPO's original business model. Clem Chambers Chief Executive 31st March 2008 Contacts: Clem Chambers clemc@advfn.com Francesca De Franco, PR francescad@advfn.com 020 7070 0932 Fiona Kindness, Grant Thornton UK LLP (Nominated Adviser) 020 7728 3414 ALL IPO PLC Profit and Loss Account for the six months ended 31 December 2007 Six months Six months Year ended ended ended 31 December 31 December 30 June 2007 2006 2007 Unaudited Unaudited Audited £'000 £'000 £'000 Turnover 105 2 54 Administrative expenses (373) (526) (1,104) Operating loss (268) (524) (1,050) Net interest 3 10 15 Loss on ordinary activities (265) (514) (1,035) before taxation Tax on loss on ordinary - - 57 activities Loss on ordinary activities (265) (514) (978) after taxation Loss per ordinary share (0.95p) (1.84p) (3.5p) There were no recognised gains or losses other than the loss for the financial period. ALL IPO PLC Balance Sheets at 31 December 2007 31 December 31 December 30 June 2007 2006 2007 Unaudited Unaudited Audited £'000 £'000 £'000 Fixed Assets Tangible fixed assets 3,087 312 295 Investments - 3,187 3,000 3,087 3,499 3,295 Current Assets Debtors 83 23 141 Cash at bank and in hand 109 499 320 192 522 461 Creditors: amounts falling due within one year (91) (117) (322) Net current assets 101 405 139 Total assets less current 3,188 3,904 3,434 liabilities Capital and Reserves Called up share capital 725 725 725 Share premium account 3,145 3,145 3,145 Merger reserve 3,600 3,600 3,600 Option valuation reserve 306 293 287 Profit and loss account (4,588) (3,859) (4,323) Shareholders' funds 3,188 3,904 3,434 ALL IPO PLC Cash Flow Statements for the six months ended 31 December 2007 Six months Six months Year ended ended ended 31 December 31 December 30 June 2007 2006 2007 Unaudited Unaudited Audited £'000 £'000 £'000 Net cash outflow from (186) (422) (577) operating activities Returns on investment and servicing of finance Net interest 3 10 15 Capital expenditure Purchase of tangible fixed (28) (46) (75) assets Net cash outflow before (211) (458) (637) financing Financing Issue of shares - - - Share issue costs - - - Net cash inflow from - - - financing Decrease in cash (211) (458) (637) ALL IPO PLC Notes to the interim statement for the six months ended 31 December 2007 1. Loss per ordinary share Six months Six months Year ended ended ended 31 December 31 December 30 June 2007 2006 2007 Loss for the period £'000 (265) (514) (978) Weighted average number of '000 27,846 27,846 27,846 shares Loss per share p (0.95p) (1.84p) (3.5p) 2. Reserves Profit and Option Share loss account valuation Merger premium reserve reserve account £'000 £'000 £'000 £'000 At 1 July 2007 (4,323) 287 3,600 3,145 Recognition of equity 19 - - settled share based payments in the year (FRS20) Loss retained for the (265) - - - period At 31 December 2007 (4,588) 306 3,600 3,145 3. Reconciliation of operating loss to net cash outflow from operating activities Six months Six months Year ended ended ended 31 December 31 December 30 June 2007 2006 2007 Operating loss (268) (524) (1,050) Depreciation 236 42 88 Recognition of equity settled share 19 (15) (21) based payments in the year (FRS20) Amount written off investment - 188 375 Decrease / (increase )in debtors 58 8 (53) Increase / (decrease) in creditors (231) (121) 84 Net cash outflow from operating (186) (422) (577) activities 4. The directors do not recommend the payment of a dividend. 5. The financial information contained in this document does not constitute statutory accounts within the meaning of Section 240 of the Companies Act 1985. The financial information for the year ended 30 June 2007 is extracted from the audited financial statements for that period on which the auditors gave an unqualified report. A copy of those financial statements has been filed with the Registrar of Companies 6. The interim financial information has been prepared in accordance with applicable accounting standards and under the historical cost convention. The principal accounting policies of the Company have remained unchanged from those set out in the Company's June 2007 Annual Report and Financial Statements. 7. Copies of this statement are being posted to shareholders shortly and will be available from the company's registered office at Suite 27, Essex Technology Centre, The Gables, Fyfield Road, Ongar, CM5 0GA and in electronic form from the Company's website, http://www.allipo.com/investors . END This information is provided by RNS The company news service from the London Stock Exchange END IR BSGDXIXDGGIC
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