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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Caplay | LSE:CLY | London | Ordinary Share | GB0002924651 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.075 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:4553Y
Caplay PLC
15 February 2006
15 February 2005
Contact: Patrick Claridge, Chief Executive
Caplay PLC +44 207 759 8563
David Bick, Holborn +44 207 929 5599
Caplay PLC ("the Company")
Interim Results for the Six Months ended 30 November 2005
Caplay Plc is pleased to announce its unaudited interim results for the Six
Months ended 30 November 2005. During this period, the Board has continued with
its strategy to dispose of underperforming assets and reposition the Company for
future growth opportunities.
The Company has restructured its convertible Loan to Private Treaty Systems Inc
(PVTM) and sold its interest in Catalyst back to its major shareholder. The
Company also negotiated a new licence as the Canadian Licensee of PVTM. As a
result of these transactions the Company holds in aggregate 7,232,142 shares and
18.7 million options in PVTM and a 25% holding in Atlantic Corp the Canadian
Licensee of PVTM.
The company also successfully raised #1,000,000 before expenses to provide
working capital and to enable the Board to identify and implement its strategy
for growth.
Since the period end the Company has announced that a subsidiary, Baden
Associates Limited, is to be wound up. This completes the disposal of the
Company's interests in Public Houses.
Commenting on the results, Chief Executive Patrick Claridge said:
"We have now completed the restructuring of the Company which leaves us in a
firm financial position to identify suitable opportunities to create growth for
our shareholders. The Board now manages assets that comprise of cash, and its
investments in PVTM, and in Atlantic Corp. Costs of the Company are firmly under
control and are being kept to a minimum with all directors receiving no salary
from November 1 2005.
"As previously reported, we are informed that PVTM is seeking a listing on the
American Stock Exchange and we believe that such an event would significantly
enhance the value of PVTM. Should this listing be achieved it will materially
benefit the value of Caplay and we await further developments in this regard.
The Board are currently reviewing a number of potential opportunities and I look
forward to reporting to shareholders at the Company AGM, the date of which will
be announced shortly.
Patrick Claridge
Chief Executive
Consolidated profit and loss
account
for the 6 months ended 30
November 2005
Notes 6 months 6 months Year ended
ended ended
30 Nov 2005 30 Nov 2004 31 May 2005
(unaudited) (unaudited) (audited)
# # #
Gross revenue 45,177 72,542 151,325
Administrative expenses (517,468) (952,825) (1,434,748)
--------- --------- ---------
Operating loss (472,291) (880,283) (1,283,423)
Interest receivable
and similar income 8,947 49,159 78,679
Interest payable (3,000) (206) (820)
--------- --------- ---------
Loss for the financial
period (466,344) (831,330) (1,205,564)
========= ========= =========
Loss per
ordinary share 3 (0.25)p (0.53)p (0.72)p
========= ========= =========
Statement of Total Recognised Gains and Losses
for the 6 months ended 30 November 2005
6 months 6 months Year ended
ended ended
30 Nov 2005 30 Nov 2004 31 May 2005
(unaudited) (unaudited) (audited)
# # #
Loss for the financial
period (466,344) (831,330) (1,205,564)
Unrealised gain on
revaluation of
investments 1,769,005 - -
--------- --------- ---------
Total recognised loss
relating to the period 1,302,661 (831,330) (1,205,564)
========= ========= =========
Note of Historical Cost Profits and Losses
for the 6 months ended 30 November 2005
Loss for the financial
period (466,344) (831,330) (1,205,564)
--------- --------- ---------
Historical cost loss for
the period (466,344) (831,330) (1,205,564)
========= ========= =========
Consolidated Balance Sheet
as at 30 November 2005
30 Nov 2005 30 Nov 2004 31 May 2005
(unaudited) (unaudited) (audited)
# # #
Fixed assets
Tangible assets 4,191 4,660 5,292
Investments 3,384,223 1,074,419 1,074,419
--------- --------- ---------
3,388,414 1,079,079 1,079,711
--------- --------- ---------
Current assets
Debtors 135,506 1,269,536 1,120,541
Cash at bank 1,079,751 1,281,840 902,821
--------- --------- ---------
1,215,257 2,551,376 2,023,362
Creditors: amounts falling due
within one year (122,332) (149,918) (196,770)
--------- --------- ---------
1,092,925 2,401,458 1,826,592
--------- --------- ---------
Total assets less current
liabilities 4,481,339 3,480,537 2,906,303
Provision for liabilities
and charges - (850,000) (650,000)
--------- --------- ---------
4,481,339 2,630,537 2,256,303
========= ========= =========
Capital and reserves
Called up share capital 6,800,000 5,800,000 5,800,000
Share premium account 6,120,338 6,197,963 6,197,963
Profit and loss account (10,208,004) (9,367,426) (9,741,660)
Revaluation reserve 1,769,005 - -
---------- --------- ---------
4,481,339 2,630,537 2,256,303
========== ========= =========
Consolidated Cash Flow statement
for the 6 months ended 30 November 2005
6 months 6 months Year ended
ended ended
30 Nov 2005 30 Nov 2004 31 May 2005
(unaudited) (unaudited) (audited)
# # #
Operating activities
Net cash outflow from
operating activities (1,090,030) (2,559,884) (2,965,256)
Return on investments and
servicing of finance
Interest receivable 8,947 49,159 78,679
Interest payable (3,000) (206) (820)
Capital expenditure and
financial investment
Purchase of tangible fixed
assets - (1,698) (3,428)
Purchase of investments (23,052) (1,074,419) (1,075,242)
Sale of investments 361,690 - -
---------- --------- ---------
Cash outflow before management
of liquid resources and
financing (745,445) (3,587,048) (3,966,067)
Management of liquid resources
Cash placed on deposit 584,980 - 265,000
Financing
Net cash proceeds from issue
of ordinary share capital 922,375 2,400,000 2,400,000
---------- --------- ---------
Increase/(decrease) in cash 761,910 (1,187,048) (1,301,067)
========== ========= =========
Reconciliation of operating
loss to net cash outflow from
operating activities
Operating loss (472,291) (880,283) (1,283,423)
Net depreciation 1,101 155 1,253
Decrease/(increase) in
debtors 105,598 (1,465,903) (1,016,908)
Decrease in creditors and
provisions (724,438) (213,853) (667,001)
Write down of investment - - 823
---------- --------- ---------
---------- --------- ---------
Net cash outflow from
operating activities (1,090,030) (2,559,884) (2,965,256)
========== ========= =========
Reconciliation of net funds
At 1 June Cash Flows At 30 Nov
2005 2005
# # #
Cash at bank 317,841 761,910 1,079,751
Cash on deposit 584,980 (584,980) -
---------- --------- ---------
902,821 176,930 1,079,751
========== ========= =========
Notes to the Accounts
1 The interim accounts have been prepared in accordance with the accounting
policies set out in the annual accounts for the year ended 31 May 2005, but
they have not been audited nor reviewed by the auditors.
2 The financial information in this report does not constitute full accounts
as defined by Section 240 of the Companies Act 1985. Full accounts for the
year ended 31 May 2005, which contained an unqualified Audit Report and did
not contain a statement under Section 237 of the Companies Act 1985, have
been delivered to the Registrar of Companies.
3 The loss and number of shares used in the calculation of loss per share are
set out below:
6 months 6 months Year ended
ended ended
30 Nov 2005 30 Nov 2004 31 May 2004
(unaudited) (unaudited) (audited)
Basic:
Loss for the financial #(466,344) #(831,330) #(1,205,564)
period
Weighted average of ordinary 183,287,671 156,263,738 166,666,668
shares
Loss per share (0.25)p (0.53)p (0.72)p
There was no dilutive effect from the warrants or options
outstanding during the period.
4 A copy of this report will be sent to all shareholders. Further copies are
available from the Company Secretary at
25 Manchester Square, London
W1U 3PY.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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