Alpha Financial Markets ... Share Discussion Threads

[flateric] 19/9/2007 15:00

ARC FUND MANAGEMENT HOLDINGS PLC


INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2007


Arc Fund Management Holdings plc ("Arc" or "the Company"; AIM: AFM), the niche
investment management boutique and corporate finance house, is pleased to
announce its unaudited interim results for the six months ended June 30 2007.


Highlights


*Profit before tax rises 458 per cent to #324,000 (2006: #58,000)
*Group turnover up 160 per cent at #1.625m (2006: #623,000)
*Basic earnings per share up 211 per cent at 0.28p (2006: 0.09p)
*Completed integration of the Nvesta acquisition - renamed Arc Capital &
Income: broadens product range
*Successful placing for working capital and future acquisitions completed
*Funds under management continue to increase as new products launched
*Acquisition post period end of Throgmorton Asset Management to create
wealth management division


Sir William Wells, Chairman, commented:


"Arc Equities continues to be an important source of revenue for the Group. Arc
Capital & Income is now contributing profits to the Group and we believe the
recent turmoil in the capital markets will have, if anything, a positive impact
on the business of both these divisions.


"The enlargement of the Group is important to its future development as it will
generate both cost efficiencies and more reliable and higher quality earnings.
The successful integration of Nvesta broadens the Arc product range and it has
been followed by the acquisition of Throgmorton Asset Management Limited, which
will spearhead the Group's development of a wealth management division. We are
actively seeking suitable businesses that would complement the Arc model.


"I look forward to the next few months with some confidence in the knowledge
that this period will be vital in building the foundations for the development
of a strong and profitable business".

[flateric] 04/9/2007 10:17

Looks like the latter...

______________


Arc Fund Management Holdings PLC
04 September 2007




For Immediate Release 4 September 2007



ARC FUND MANAGEMENT HOLDINGS PLC

ACQUIRES

THROGMORTON ASSET MANAGEMENT LIMITED ("TAM")


Arc Fund Management Holdings plc ("Arc" or "the Company"; AIM: AFM), the niche
investment management boutique, is pleased to announce the acquisition of
Throgmorton Asset Management Limited ("TAM"). The purchase of the entire issued
share capital of TAM, an independent financial advisory company based in
Leicester, was completed today for consideration amounting to £1,605,000, being
£1,200,000 in cash and £405,000 in shares (through the issue of 3,000,000 new
Ordinary Shares of 0.5p), together with deferred consideration, payable subject
to the achievement of certain performance targets by TAM over the period to
December 2008, amounting to a maximum of £1,110,000.


TAM has estimated funds under advice of £150m and its normalised earnings for
the year to 31 December 2006 amounted to £210,000 on turnover of £1.57 million
and, at that date, showed net assets of £168,250.


The transaction is earnings enhancing for Arc and represents the first step in
the development of the Group's wealth management division. As a result of the
transaction Arc will have £275m of funds under management.


In addition, it is intended that, following the acquisition, one of the
directors of TAM will be appointed to the Board of Arc and the Company hopes to
complete this shortly.


A total of 9,000,000 new Ordinary Shares, ranking pari passu with the existing
Ordinary Shares of the Company, were issued today, 3,000,000 as part of the
initial consideration referred to above and 6,000,000 in connection with the
deferred consideration to be held in trust. Application will be made to the
London Stock Exchange for the 9,000,000 Ordinary Shares to be admitted to
trading on AIM, and trading is expected to commence on 7 September 2007.


Christopher Rowe, Arc's CEO, commented


"This acquisition lays the foundations of Arc's wealth management division. The
establishment of this division is a significant step in the development of the
Group and we will go on to grow it both organically and by acquisition.


For the Group, the purchase of TAM is earnings enhancing and improves the
quality of our earnings and increases funds under management.

In addition, our existing client base will have access to a wider range of
services as well as Arc's range of investment products becoming available to
TAM's clients."

[flateric] 03/9/2007 14:35

Wow. Nasty fall.

Bad news leaked, or a discounted deal ready to go thru'?

Anyone with any ideas?

[flateric] 02/8/2007 14:49

I see another 2 x 10k buy this afternoon.

[the daddy] 02/8/2007 14:33

certainly looks positive! "adequate cash resources to do this"

[flateric] 24/7/2007 05:29

I wonder how close that last paragraph (previous post) is to becoming a reality? It says that they have been made aware of opportunities that fit the bill.

If that is the case I would expect some action sooner rather than later. A good medium term tip, this one, I reckon. Just my opinion.

[flateric] 25/6/2007 13:25

Announcement showing £500k profit for last year and bullish for this coming year...

_________________


ARC FUND MANAGEMENT HOLDINGS PLC

("ARC" OR THE "COMPANY")


ANNUAL AUDITED RESULTS FOR THE YEAR TO 31 DECEMBER 2006




HIGHLIGHTS OF THE RESULTS


• Group turnover increased by 99% to £2.69m from £1.35m (2005).


• Profit on ordinary activities before taxation increased by 26.7% to
£511,683 from £403,792 (2005).


• Diluted earning per share increased by 21.2% to 0.57p from 0.47p
(2005).


• Net Current Assets increased by 95.5% to £1.31m from £0.67m (2005).


• Post year end activity has included the following:-


o The completion of the purchase of structured product provider Nvesta plc for £410,000, payable in cash.

o The placement on 21 February 2007 of 750,000 new ordinary shares of 0.5p at 20p per share with an investor.

o The placement on 20 March 2007 of 18m new ordinary shares of 0.5p at 12p per share raising £2.16m gross.


• Funds under management stand at £137m.


Christopher Rowe, Chairman and CEO, commented,


"We are seeking to grow our business by acquisition. Our next target is to build or acquire a wealth management division. We have been made aware of a number of opportunities that would fit with our business strategy and we have adequate cash resources at this point in time to bring our plans to fruition should the right opportunity arise."

25 June 2007

[the daddy] 11/5/2007 17:57

....intersting

[flateric] 03/5/2007 17:11

Acquisition in the pipeline...? £2m cash... what's that for...? Could be fully valued now, as can't see any reason to be worth more, but do wonder about that cash. Could buy lots of clients from a small firm deal.

[flateric] 20/4/2007 22:45

Over £2m cash comes in and not the slightest movement of price. I suppose as the raising was at 12p the good news was already built in. In fact, I'm suprise the price didn't drop on the news of a 12p placing!

[flateric] 21/3/2007 13:18

A little bit of interest... something in the making, I wonder?

20p mid now.

[the daddy] 01/3/2007 12:47

looks like they believe they can turn it around quite easily. I like it!!

[flateric] 24/2/2007 17:40

Deal was done at 20p per share. Current price 19p mid. £11.7m MCap.

Doing some homework it looks like the client base has now been raised by some 15k clients, apparently.

The £140m now under management doesn't include the revenues from stock sales via Arc Equities Limited, a wholly owned subsidiary.

Overheads at Arc look trim. Nvesta had slight loss last year on small turnover of £1.3m.

Could £2m profit be out the question...? If u take out a chunk of the admin costs for nvesta, which will obviously be trimmed now, add in Arc's own growth and forward movement, add in some healthy margins on the stock sales...

Maybe. imo.

[flateric] 24/2/2007 08:53

ARC FUND MANAGEMENT HOLDINGS PLC ACQUIRES NVESTA PLC


Arc Fund Management Holdings plc ("Arc" or "the Company"; AIM: AFM), which
specialises in tax efficient investment products, has completed the acquisition
of Nvesta plc (Nvesta), the UK structured product provider, for a total
consideration of £410,000 payable in cash on completion.

With immediate effect, all of the assets and liabilities of Nvesta have been
acquired by Arc. Nvesta has estimated funds under management of £120m and its
audited accounts for the 15 months ended 30 September 2005 showed a loss of
£112,000 on turnover of £1.2 million and, at that date, showed net assets of
£598,549. No audited accounts have been prepared since that date and Nvesta has
written no new business since May 2006.

To assist in providing working capital for this acquisition, Arc has placed
750,000 new ordinary shares of 0.5p at a price of 20p per share (the "Shares").
These Shares will rank pari passu with the existing ordinary shares in issue.
Application will be made to the London Stock Exchange for the Shares to be
admitted to trading on AIM, and trading is expected to commence on 28th February
2007.


As a result of the transaction Arc will have £140m of funds under management.

[janvaltin] 23/2/2007 15:54

What do people think of the recent acquisition?

[the daddy] 30/1/2007 14:29

thanks argy2 - i had a feel to wait just a little longer but also as i have more funds available soon. Any advice is always welcomed even doing your own research you need others perspectives - thanks all. Been at this 7 years now and still learning - LOL

[argy2] 30/1/2007 14:01

The Daddy

Change of broker soon may herald a fund raising imho...I would be inclined to wait a little.

[the daddy] 30/1/2007 13:45

cheers flat eric - will do more research - im looking for long term too!! looks v, good though - good team imo

thanks for the help

laters.

[flateric] 29/1/2007 19:12

For me I'm not sure I'd get in now.

If, and I say if they go and make the sort of money I think they can based on their Arc Equities deals and Fund stuff, then the share price is cheap. But if they are going to only (!) make £1m this year end then they are valued correctly. But if there is big growth for next year (we need an announcement to verify or acquisition at sensible value) then the price is cheap again.

So that's an explanation of someone who's on the fence. :-)

I don't think the price will be at this level 2 years from now. I would guess the market cap at 3 times this level. BUT that is subject to the growth I expect. I hold a healthy amount and am not a seller. I couldn't resist taking profit when it jumped to 22p, but that has just reduced my average price even more. I'm staying for the ride. I can see an acquisition in the pipeline. The up and coming AGM has a resolution for issuing more shares for expansion.

DYOR.

[the daddy] 29/1/2007 16:58

thats ok i like a bit of taxonomy. thanx, ive done some research and like the look of things. i once worked not far (ish) from cannons st. i was in London Wall and later opposite Bank of England.

i am on the verge of gettin in - do u think now is a good time?.... any thing uve got is greatly appreciated always learning lol - cheers Flat eric

[flateric] 25/1/2007 14:52

A "Bar" is £1m.

A 'couple of Bar' would be £2m. Etc.

Apologies for using a colloquialism originating in the Cannon Street area of the City, I believe.

[the daddy] 24/1/2007 17:12

what is a couple of bar? how much profit should they get? thnx

[flateric] 23/1/2007 16:11

I still reckon this one could make a couple of bar this year. I worked out what offers they do and how much t/o and profit they should get. I say should get. But for now I'll sell a few. Still have lots.

[the daddy] 23/1/2007 16:03

fair shout flt eric