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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Falk IS. Hldgs | LSE:FKL | London | Ordinary Share | GB00BD0CWJ91 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 191.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 191.50 | GBX |
Falk IS. Hldgs (FKL) Share Charts1 Year Falk IS. Hldgs Chart |
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1 Month Falk IS. Hldgs Chart |
Intraday Falk IS. Hldgs Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 28/11/2018 | 19:34 | Falkland Island Holdings (FKL) - Falklands property and shipping | 827 |
| 03/4/2013 | 19:41 | Falkland Island Holdings | 962 |
| 10/2/2005 | 20:40 | Falkland Island Holdings | 4 |
| 15/10/2002 | 14:59 | opijions on this Stock anyone | 10 |
| 15/3/2001 | 11:04 | opinions on this Stock anyone | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 16/9/2016 22:59 by weatherman Someone needs to start a new thread with EPIC FIH - the price is rising, but not reflected on here. |
Posted at 16/9/2016 08:30 by whackford This is a very stable, conservatively run company. Using the normal valuation methods, the company (now called FIH Group) is an absolute bargain at £2.Net asset value per share about £3.10, and £1 per share held in cash after netting off the small amount of debt. Following Wednesdays announcement from the FO that various agreements with Argentina on trade, oil and other things are now in place, and with the strengthening outlook for oil, I expect the share price to progress towards its historic level. |
Posted at 15/9/2016 21:14 by eburne1960 For your information dopey doctor, (apologies to the others on this board for going o/t) I have been on holiday, so forgive me for not being on here 24/7 like you. And, to put things straight, I was in CRAW for the 2 weeks prior to the finals earlier in the year, sold at 93p for a 15% profit, and just an interested watcher since. Sorry to disappoint you! Finally, I put you straight on your incorrect statement that you have to deal to be accused of insider dealing - I merely pointed out that you can be caught for passing on price sensitive info whether you are an insider or not. Rather than acknowledge your error, all you have done is whine about not being an insider (which I never said you were) and follow me onto another board (where I posted, er, facts, remember those?). Strikes me you just confirm what I have always said - you ARE dopey! |
Posted at 12/4/2016 18:41 by edjge2 the malvinas judgement and waters probably impacting price more than a not marvellous update. If oil corrects this lot are behind the curve. Pre April 17 fireworks today.2003 support level visited today. Due a bounce? Guess people will dump cash in art as they are in gold and silver today so momart might be helped. |
Posted at 12/4/2016 08:26 by ifthecapfits RNS Number : 8549UFalkland Islands Holdings PLC 12 April 2016 12 April 2016 Falkland Islands Holdings plc ("FIH" or "the Group") Pre-Close Trading Update Falkland Islands Holdings plc ("FIH"), the AIM quoted international specialist services group with businesses in the Falkland Islands and UK, is pleased to provide the following update on trading for the year ended 31 March 2016. -- Trading in the second half was satisfactory; profitability, although lower compared to H2 last year, was broadly in line with expectations, albeit the Full Year Underlying Profit before Tax is likely to be some 10-15% lower than the prior year at c GBP3.0-GBP3.2million -- The Group's cash flow was strong and FIH ended the year with record cash balances of GBP14.0million, an increase of over GBP6million compared to 31 March 2015 (GBP7.4million). Operational Highlights: -- Falkland Islands Company - In the Falklands, trading was buoyant with FIC's contribution at record levels as the business took advantage of the significant boost to the economy from the offshore oil exploration drilling. Momart - At the Group's art handling and logistics business, Momart, profitability improved in H2, compared to the first half, helped by modest sales growth, although profits were still markedly lower for the full year, following significant investment in marketing and sales infrastructure and continuing competitive pressure in a slowing global art market. -- Portsmouth Harbour Ferry Company - Passenger numbers were 3.3% lower than in the prior year, but trading at the Group's passenger ferry business was broadly satisfactory, at levels only slightly below 2014-15. -- Group Trading performance - The Group's overall trading performance for the year to 31 March 2016 (i.e. underlying pre-tax profits, before amortisation and non-trading items), is expected to show a 10-15% decrease in comparison to the prior year, principally due to the reduced contribution from Momart. -- At a non-trading level, restructuring in the UK and Falklands, designed to reduce ongoing overheads, was more than offset by the GBP0.4million of profits generated in the first half from the sale of the Group's residual holding of 5million shares in Falkland Oil and Gas in April 2015. -- Cash and Bank Borrowings - At 31 March 2016, the Group had cash balances of GBP14.0 million and bank borrowings of GBP3.3million, i.e. net cash of GBP10.7million (GBP6.7million at 31 March 2015) Strategic Highlights: -- The impact of low oil prices and market backdrop has delayed oil development in the Falklands, resulting in the Group shifting its strategic growth focus in the near term towards developing its UK operations through further investment in existing businesses and through the pursuit of high quality acquisitions. -- Strategy is aimed at creating a larger quoted entity with a wider appeal to investors that will in turn enhance shareholder liquidity and the Group's rating. -- Execution of this strategy will be aided by the Group's record cash reserves of GBP14million (GBP1.13 per share) and the Group's solid existing earnings base which provides untapped borrowing capacity. Operational detail: Falkland Islands Company ("FIC") - As expected, the Group's Falklands business continued to benefit from the uplift in economic activity linked to the exploration drilling programme seen in the first half. Although drilling was brought to an end in February 2016, support company activity continued through to 31 March and will not tail off until early in the next financial year. Retail demand grew and sales at FIC's flagship West Store increased to record levels. Property income was boosted by corporate oil related lets and vehicle hire and new vehicle sales also reached record levels. Construction activity remained buoyant and although the Group's construction Joint Venture, "SAtCO" had largely completed oil related construction contracts in the prior year, equipment rental to support the drilling programme and local work for government and Ministry of Defence lead contractors at MPA helped SAtCO's contribution remain at healthy levels. Some limited restructuring of the local management team was undertaken at the end of the financial year in order to right- size the business for the quieter trading period that will follow the departure of the oil rig next year. Momart - After a first half with flat sales and profits impacted by the effects of increased investment spend on marketing, business development and improved systems, Momart saw a modest increase in revenue in H2 and this helped lift profitability. However the fiercely competitive UK and international art market saw a continued squeeze on margins. This, coupled with a lower level of lucrative, high added value, overseas sales, meant that Momart's H2 contribution, although showing some improvement on the first half, remained lower than the prior year. For the full year, the impact of increased investment, a less lucrative sales mix and continuing competitive pressure saw a marked fall in full year profitability. Despite this dip, prospects for future growth over the medium term remain positive, and construction is now well advanced on a new state of the art storage facility at the company's Leyton site which will add 33% to capacity. Completion is scheduled for mid-summer 2016 and Momart's pre-letting of this additional space is now underway. Portsmouth Harbour Ferry Company ("PHFC") - Ferry trading performance was satisfactory. Revenues were essentially flat, with a continuing 3.3% decline in passenger numbers, caused by the increased appeal of car travel linked to cheap petrol, a subsidised Park & Ride scheme, and the passenger disruption caused by Portsmouth Council's modernisation and reshaping of the passenger interchange at Portsmouth Hard. However these negative factors were largely offset by the 3% fare increase put through in June 2015. Additional activity from the highly successful Americas Cup racing off Portsmouth Harbour helped boost cruising income in summer 2015. Increased wage costs and additional depreciation from the company's newly commissioned ferry, "Harbour Spirit", were partially offset by a fall in marine diesel fuel costs. Overall operating costs increased by 2-3% in the year leading to a small decrease in profitability. Outlook: For the year ahead, we anticipate a quieter period in the Falklands. The squid catch this Spring has dropped back from the exceptional levels seen in the previous two years and in retailing, FIC's principal competitor has recently launched a 33% expansion of its store. Given this and the conclusion of exploration drilling for the foreseeable future, FIC will face significant headwinds in the coming year and profits at FIC are expected to revert to the more normal "pre-oil" levels seen in prior years. At PHFC, in the coming year the emphasis will be on tight cost control, in the face of short term pressures on passenger numbers caused by cheap petrol and physical disruption caused by the reconfiguration of the passenger interchange at the Portsmouth ferry terminal. In the longer term, plans to expand the Portsmouth naval base and new proposals to redevelop the harbour at Gosport should help to reverse the decline seen in recent years. At Momart, we anticipate a stabilising of the core trading position as we see the benefit of the recent investment in sales and marketing feed through to underpin continued sales growth and shore up margins. Initially though, the warehouse expansion will be a drag on profits, with an increase in fixed costs not fully covered by new storage revenue in the first year. Over the medium term however, as Momart's new facilities reach capacity, prospects for a steady and sustained recovery in profitability are good. Future Group Strategy The low price of oil means that the development of proven oil reserves in the Falklands will now be delayed and although the board of FIH remains confident that oil production and dramatic economic growth will ensue in the Falklands in due course, the timing of this remains uncertain. However, following the substantial capital and human investment in FIC seen in the past few years, the company is well placed to take full advantage of the growth that will ultimately emerge. With further growth in the Falklands now delayed, the Group's focus in the near term has shifted to developing its UK operations through further investment in its existing businesses and through the pursuit of high quality acquisitions. This strategy, to create a platform for sustainable long term growth, is aimed at creating a larger quoted entity with a wider appeal to investors that will in turn enhance shareholder liquidity and the Group's rating. Execution of this strategy will be aided by the Group's record cash reserves of GBP14million (GBP1.13 per share) and the Group's solid existing earnings base which provides untapped borrowing capacity. The Board's policy of re-investing profits to support accelerated growth will continue and the Group currently has no plans to reintroduce the payment of a dividend. The Group's Preliminary Results for the year ended 31 March 2016 are expected to be released on Tuesday 14(th) June 2016. Chairman of FIH, Edmund Rowland, commented: "The Group has delivered another solid trading performance, in line with expectations, and with strong positive cash flow closing the year with record cash balances of GBP14million, giving cash per FIH share of GBP1.13. "As Chairman, I remain keen to build on the secure foundations already established and to build the Group's long term success with a focus on growth through investment and selective acquisitions. The Group's strong cash position and significant borrowing capacity will be key factors facilitating this growth. (MORE TO FOLLOW) Dow Jones Newswires April 12, 2016 02:00 ET (06:00 GMT) "In the Falklands, we remain confident about FIC's exceptional long term potential following a recovery in the oil price and in the near term we have a healthy profitable business that has little immediate need for heavy further investment. "In the UK, the Group continues to benefit from its two established specialist services businesses, Momart and PHFC, and beyond this solid base we see further opportunities to develop the scale of the Group's activities through selective, focussed acquisitions and organic growth. I look forward to updating the market on our growth strategy as the year progresses, as we seek out opportunities that will create an enhanced platform for sustainable long term growth." - Ends - Enquiries: Falkland Islands Holdings plc Edmund Rowland, Chairman Tel: 020 7087 7970 John Foster, Managing Director Tel: 01279 461 630 WH Ireland Ltd. - NOMAD and Broker to FIH Adrian Hadden / Mark Leonard Tel: 020 7220 1666 FTI Consulting Edward Westropp / Eleanor Purdon Tel: 020 3727 1000 This information is provided by RNS |
Posted at 08/3/2016 09:56 by ch1ck The share price is now linked to the pumping of oil by Rockhopper and the oil price has been rising along with small oil producers. Thats why the share is on a bit of a tear.Im expecting a rise of at least 50% from the lows. Look at the price of the oilers and this stock today and you will see most are up or static with the rest of the market down.This has always been a verry positive indicator for me. |
Posted at 06/3/2016 19:33 by eburne1960 I think the jury's still out for the moment. On the one hand he's invested his own money into a significant holding, on the other he's chopped the divi. He's supposed to be looking to add an acquisition onto the Momart business, so we watch and wait. Meanwhile, what prompted the (for FKL) flurry of transactions on Friday afternoon? |
Posted at 05/3/2016 08:02 by ch1ck I have been examining the results of the company again and they look healthy with steady income from all sides. The sale of the oil stocks last year now looks to be not such a bad move altho long term they may miss out but when production starts they will be in a unique situation.I happy to hold and accumulate at these levels with the driver of the share price linked to the pumping of oil in the Faulklands.The UK revenue streams bring a bit of balance and diversity into the the portfolio and will produce steady proffits.I see a steady rise in the share price this year with momentum building as the oil price rises. |
Posted at 01/2/2016 20:30 by 1q Has anyone else out there NOT received the cheque for their fractional shares sold ?According to the FKL website, cheques were supposed to have been despatched a week ago on Jan 26th. Nothing through my door yet. Have others received theirs ? |
Posted at 02/2/2015 17:04 by eburne1960 Written up today on shareprophets website, not I hasten to add by our old friend Chris:"For anyone who likes a flutter on the outcome of oil drills, all eyes will be on the Falkland Islands again this year. Given what has happened during previous drilling off of the Falklands, and the fact that the Erik Raude rig is now on the way for a prolonged campaign, I expect there to be a lot of hype in companies such as Rockhopper (RKH) and Falklands Oil and Gas (FOGL). There will be large swings in share price as excitement builds and share prices rise, followed buy even bigger rises should the drillbit find oil, or large falls if it doesn’t, and fortunes will be made and lost over the course of the campaign. But if you are looking for something a little bit lower risk, but which will still benefit hugely from any more oil discoveries, and even more so if and when they eventually come to production, Falkland Island Holdings (FKL) is well worth a look. The company has been around in one form or another since 1852 when it was established by Royal Charter, although only listed on the LSE in 1998 and moved to the AIM market in 2003, and despite its name also has operations in the UK. It owns the Falkland Islands Company, which provides a variety of services to the people living on the island and tourists - everything from travel through to insurance, for the 3,000 inhabitants and 42,000 tourists which visit annually. Obviously if oil production begins by the end of this decade, as is expected, then it would benefit hugely through these services that it provides due to the increased activity and visitors to the islands. Plus it has a 2.4% stake in Falklands Oil and Gas to directly benefit from any further discoveries, or eventual production. Back here in the UK it owns the Portsmouth Harbour Ferry Company, which runs a service between Gosport and Portsmouth, and produces a steady income. Plus a 100% holding in Momart, which handles the storage, installation and logistics of fine art. Currently shares in the company are trading at around 270p, the lowest that they have been all year, and giving it a market cap of around £33 million. But with only 12 million or so shares in issue liquidity is low, and there has been a seller recently. The most recent finances up to the end of September 2014 are nothing to get too excited about – with a turnover of a little over £18 million and pre-tax profit of £1.2 million (0.8% down on the previous year). But with current bank borrowings of £500,000 and longer term debts of just over £5 million, resulting in net financing costs for the 6 month period of £107,000, all looks good on that front given the company has £4.1 million in cash, and is also proposing to maintain an interim dividend of 4p. It also achieved record sales for the period for the Falkland Islands Company part of the business, up 25.5%, and making it the largest contributor to group revenue. This definitely isn’t a share to be worrying too much about the day-to-day price movements, and is one to take a very long term view on, during which time you could see good growth. There may also be chances along the way to cash in on any spikes created by the other companies drilling if they do find more commercial oil. It would be fairly easy to argue that based on earnings it still looks over-priced – although it is now close to its lowest price in five years and hit over 500p on the Sea Lion commercial find in 2010 – but with drilling so close I can’t see it dropping too much lower in the meantime." |
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