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| Share Name | Share Symbol | Market | Stock Type |
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Posted at 26/3/2008 08:21 by moogies Libertas Capital Group PLC26 March 2008 For immediate release 26 March 2008 LIBERTAS CAPITAL GROUP PLC PRELIMINARY UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2007 Libertas Capital Group plc (AIM: LBR) ('Libertas Capital' or 'the Company'), the financial services firm, today announces preliminary unaudited results for the year ended 31 December 2007. Financial highlights:- Revenue up 54.4% to £18.3m (2006: £11.9m) Pre tax profit before share based payments up 53.4% to £3.1m ( 2006: £2.02m) EPS before share based payments up 44.9% to 4.87 p (2006: 3.36 p) Net assets up 30.9% to £10.1m before reduction of £1.9m for Treasury and EBT Shares (2006: £7.71m) Operational highlights:- Strength of continuing activities and quality of transactions 30 transactions completed including IPOs on AIM, M&A transactions and private fundraisings Successful development and growth of Securities business both in primary and secondary activities Continued successful implementation of strategy including further expansion into Asia and the Middle East Strong transaction pipeline continues into 2008 Commenting on the results, Jakob Kinde, Executive Chairman of Libertas Capital Group plc, said:- 'We are pleased with the performance of the business, which shows increased revenue year on year and continued profitability. We have continued to implement our strategy and have expanded our corporate finance and securities businesses in Asia and the Middle East to offer full service capability in these growing and important geographical markets. The results for the year highlight that the investment in building a balanced platform for future growth is beginning to demonstrate considerable success. We continue to invest in talented people in each of our core business areas - corporate finance, securities/distribut provide the high quality of services expected by our clients. As a result, we are continuing to attract further corporate and institutional clients in Europe, North America, Asia and the Middle East. Despite market conditions being difficult in the second half of 2007, we have demonstrated the strength of our business through our performance in 2007. With the visibility of our transaction pipeline, we look forward to 2008 with confidence' For further information please contact: Libertas Capital Group plc +44 (0)20 7569 9650 Jakob Kinde, Executive Chairman Henry Okereke, Chief Executive Grant Thornton +44 (0)20 7383 5100 Fiona Owen Buchanan Communications +44 (0)20 7466 5000 Charles Ryland /Mary-Jane Johnson Notes to Editors About Libertas Capital Group plc Libertas Capital is an international financial services firm offering its clients a full range of dedicated independent Corporate Finance Advisory, Research and Distribution services. Corporate Finance services include investment bankers with substantial depth of European M&A and general corporate finance experience, as well as entrepreneurs and industrial professionals with extensive experience and expertise in their particular fields, having completed in excess of US$100 billion in transactions. In our research and distribution services we offer our clients a dedicated research capability with deep industry knowledge in our core sectors - Renewable Energy, Energy (including oil and gas and natural resources), Infrastructure, Real Estate, Healthcare, Technology and Telecom - satisfying the needs of both our corporate and institutional clients. Our extensive distribution network covers UK, European, Asian, Middle Eastern and US institutional clients. Our business is based on core values and strengths which we believe both differentiate Libertas Capital from its competitors and give us a competitive advantage. We aim to provide a high level of customer service that will result in long term client relationships based on the principles of openness, innovation and creativity. Chairman's Statement 2007 was an exciting year for the Group and we are pleased to report a healthy set of results. Revenue totalled £18.3m (2006: £11.9m) with profit before tax and share based payments of £3.1m (2006: £2.0m). Closing net assets amounted to £10.1m prior to a reduction of £1.9m for shares held within Treasury and the Libertas Capital Employee Benefit Trust (2006 net assets: £7.7m). The earnings per share before exceptionals are 4.87 pence (2006: 3.36 pence). The Group's strategy is to provide a range of financial services to corporate and institutional clients in Europe, North America, Asia and the Middle East in the sectors of Renewable Energy, Energy (including oil and gas and natural resources), Infrastructure, Real Estate, Healthcare, Technology and Telecom. As explained in more detail in the Chief Executive Officer's Review, we now have established operations in Asia and the Middle East. The Group Structure Libertas Capital Strategic advisory and execution Corporate Finance capabilities Limited Private and public fundraising Mergers and acquisitions and corporate restructuring Libertas Capital Institutionally sponsored research Securities Limited Independent corporate sponsored research through Equity Growth Research Distribution and facilitation trading Libertas Capital Corporate finance in Asia, Libertas Capital Asia specifically China Group Plc Limited Libertas Capital Corporate finance in North America Inc Libertas Capital Corporate finance in the Nordic Nordic AB region Libertas Capital Corporate finance and securities in Dubai Limited the Middle East Libertas Capital Strategic and principal Ventures Limited investments in core sectors STRATEGY The Group has enjoyed four successful years on AIM. Our strategy can be summarised as follows:- Our business is based on core values and strengths which we believe differentiates Libertas Capital from its competitors and gives us a competitive advantage. We aim to provide a high level of customer service that will result in long-term client relationships based on the principles of openness, innovation and creativity. To offer a breadth of financial services with a number of international locations To offer senior management experience and expertise in investment banking, broking and financial services To enhance shareholder value and generate good long term returns to shareholders To exploit both internal and external synergies to grow the business organically and through appropriate mergers/acquisitions and JVs To add specialist financial services operations where they bring annuity income or synergies. RESULTS Our results are strong with revenue of £18.3m and a pre tax profit before share based payments of £3.1m. Share based payments amount to £0.9m being a charge in respect of the fair value of awards granted in shares, in accordance with IFRS 2 'Share Based Payments'. There is no cash effect for this sum. We completed some 30 transactions in IPOs, M&A and fundraisings. The Securities business has continued to increase in depth and quality with the offering of both institutional sponsored research through Securities and independent corporate sponsored research through our independent brand name, Equity Growth Research. Securities also offer a dedicated sales distribution team catering for institutions and high net worth individuals. We have enhanced further the value of underlying transactions completed. DIRECTORS It is with great sadness that we record that Mr Sven Skarendahl, a non- executive board member, passed away on 25th January 2008 after a period of illness. Sven has played an important role to Libertas Capital as a senior adviser since the AIM flotation in July 2004 and since October 2004 as a non-executive director and non-executive chairman of Libertas Capital Nordic AB. Sven was a deeply respected and admired colleague who will be greatly missed by all who knew and worked with him. EMPLOYEES The results of our operating businesses are determined largely by the efforts and commitment of our employees who are one of the principal assets of the Group. Many of our employees are already shareholders, participating in the award of shares through an Employee Benefit Trust. Our philosophy has always been to motivate and incentivise all our employees by way of equity participation. CORE VALUES At the time of the formation of the Group, we set out our core values which we believe distinguish the Group from our competition and give us a competitive advantage. The Group aims to provide a high level of client service that will result in long term relationships with clients based on transparency, integrity and innovation. These values include independence, industry focus, depth and experience, and geographical spread of operations. DIVIDENDS The Board did not recommend a dividend for the full year 2007 as we believe that it is important to retain the funds in order to grow our businesses. The Board believes that a progressive dividend policy will be pursued as the Group continues to develop. OUTLOOK Despite market conditions being difficult in the second half of 2007, we have demonstrated the strength of our business through our performance in 2007. With the visibility of our transaction pipeline, we look forward to 2008 with confidence. Jakob Kinde Executive Chairman March 2008 Chief Executive Officer's Review REVIEW OF THE YEAR The Group made strong progress in 2007 as reflected in our full year's results. All areas of our businesses have been robust and there has been a significant increase in revenue generation, with revenue in 2007 of £18.3m compared with £11.9m in 2006. Profit before tax and share based payments amounted to £3.1m in 2007 compared with £2.0m in 2006. In summary, 2007 has seen Libertas Capital develop significantly with implementation of its strategy to strengthen further both the corporate finance and securities businesses. Libertas Capital is now able to take advantage of these opportunities. OPERATING SUBSIDIARIES LIBERTAS CAPITAL CORPORATE FINANCE The Corporate Finance business in London is regulated by the Financial Services Authority and is a Nominated Adviser. The global team has been strengthened further and now comprises some 26 professionals in London, Sweden, North America, Asia and the Middle East. They concentrate primarily on sectors in Renewable Energy, Energy, Technology and Healthcare. The team seeks to build long term pro-active relationships with companies and entrepreneurs operating in these specialist sectors from Europe, North America, Asia and the Middle East. In the Autumn of 2007 we were delighted to welcome the experienced team of professionals from Macadam Corporate Finance Limited, a corporate finance boutique acquired in a share for share exchange. The typical client profile is a business that is entrepreneurial, growth orientated with an experienced and quality management and earning revenue between £50 million and £500 million. Some examples of the transactions completed include: Landkom International plc - fundraising and admission to AIM Canton Property Investment Limited - fundraising and admission to AIM Plantic Technologies Limited - fundraising and admission to AIM AISI Realty Public Limited - fundraising and admission to AIM Mobile Credit - fundraising and admission to AIM Zeehan Zinc Limited - fundraising and admission to AIM Empire Energy Corporation International Inc - private placement Morphic Technologies - acquisition of Swiss company Gas Turbine Efficiency plc - secondary fundraising Renewable Power & Light Plc - secondary fundraising West Pioneer Properties Limited - secondary fundraising Island Gas Resources plc - reverse takeover Mawell - private placement Oceanlinx - private placement Grosvenor Waste Management Limited - M & A Advisory LIBERTAS CAPITAL SECURITIES LIMITED This business is a member of the London Stock Exchange and regulated by the Financial Services Authority. It has three activities:- 1. Provision of distribution and facilitation trading; 2. Provision of institutionally sponsored research; 3. Provision of corporate sponsored research through Equity Growth Research We have continued to develop this business during the year and now have a complement of some twenty professionals. We continued to strengthen the EGR brand within the Libertas Capital stable. Securities offers services as a Broker and is continuing the development of a corporate client base. We are now recognised as a leading provider of products in our core areas. Distribution Libertas Capital Group has been building a strong Securities Distribution capability to market equity capital market products and Libertas Capital Research products, including a sales trading unit, which has continued to develop this year. This distribution team has dedicated UK small and mid-cap, European small-cap and high net worth client functions. Libertas Capital Research Libertas Capital Research provides institutionally sponsored research, delivering specialist analysis, in our core sectors to institutions in Europe, North America, Asia and the Middle East. Equity Growth Research (EGR) EGR focuses on smaller, high growth companies that deserve greater attention. Through a sponsored investment research model, EGR brings the quality of analysis and frequency of reporting normally reserved for the FTSE 350 constituents to its client companies. The research is distributed via a number of channels (electronically/prin professionals in addition to outsourced analysts. LIBERTAS CAPITAL NORDIC AB This division is based in Stockholm and offers full corporate finance services to assist Nordic corporates in cross border activities. The Nordic operation is continuing to expand and we aim to continue this growth systematically, in parallel with positive earnings development. LIBERTAS CAPITAL ASIA LIMITED Libertas Capital Asia Limited ('LCA') is a wholly owned subsidiary based in Hong Kong offering full corporate finance services for the markets in Asia, particularly China, to complement those already provided by the Libertas Capital group. In the summer of 2007 LCA raised, from Asian investors, US$55m for the AIM flotation of Canton Property Investment Limited, a Chinese retail and leisure property company. LIBERTAS CAPITAL INC Libertas Capital Inc is based in Los Angeles, California and offers full corporate finance services to the North American market as well as a bridgehead into the Asian markets, to complement those services provided by the Libertas Capital group. LIBERTAS CAPITAL DUBAI LIMITED Libertas Capital Dubai Limited ('LCD') is a sponsor on the Dubai International Financial Exchange (DIFX). LCD offers full corporate finance, agency trading and research services covering the markets in the Middle East and the Indian Sub Continent to complement services provided by the Libertas Capital group. LIBERTAS CAPITAL VENTURES LIMITED This company makes strategic and principal investments in our core sectors. EMPLOYEES We continue to recognise the importance of developing a culture where employees' interests are closely aligned with those of the Group's shareholders. At present, the Directors and employees own a significant proportion of the Group's shares and we wish to continue to incentivise employees with both share options and the award of shares. It is our firm belief that incentivising and retaining our key employees is in the best interests of the Group's shareholders. I would like to take this opportunity to thank all members of staff for their efforts in achieving these results and look forward to 2008. OUTLOOK The 2007 results demonstrate a significant improvement in the quality of our underlying and continuing businesses. These results are particularly impressive given the difficult market conditions in the second half of 2007. The market place for 2008 is exciting for us at Libertas Capital, not least as continued investment in key staff and implementation of our strategy is bearing fruit. The visibility for 2008 looks promising particularly in our core sectors of Renewable Energy, Energy, Infrastructure, Real Estate, Healthcare, Technology and Telecom. We have seen a satisfactory start to the year and with some notable mandates on board, we are confident that we will continue to increase the number of corporate clients in 2008. As ever we recognise that market conditions are inherently volatile and will remain cautiously optimistic about the near term market outlook and confident about Libertas Capital's long term prospects. Henry Okereke Chief Executive Officer March 2008 |
Posted at 19/10/2007 12:24 by moogies Libertas Capital Group PLC19 October 2007 For immediate release 19 October 2007 LIBERTAS CAPITAL GROUP plc ('the Company') ACQUISITION OF THE BUSINESS OF MACADAM LLP ('MACADAM') Libertas Capital Group plc ('Libertas Capital', AIM: LBR), the international financial services firm, announces that it has agreed to acquire for an undisclosed sum Macadam Corporate Finance Limited, being the entire business of Macadam LLP, a specialist corporate finance advisory firm based in London, focused upon international transactions particularly in emerging markets, with industry strengths in renewable energy, natural resources, telecoms and consumer products. The current partners of Macadam, all of whom will be joining Libertas Capital, are Tim Murray, Matthew Hindhaugh and Andrew McLennan. Tim Murray will be joining Libertas Capital as CEO of its London Office; Matthew Hindhaugh and Andrew McLennan will be joining as Managing Directors in Corporate Finance. Macadam is authorised and regulated by the FSA and formal FSA approval for the transaction is awaited. Details of the three partners are as follows: Tim Murray is CEO of Macadam and a founder of the firm. He has twelve years' experience in investment banking: he was Global Head of Media and Telecommunications Investment Banking at Schroders, and headed European telecoms investment banking groups at BZW and Societe General. He also worked for seven years with Strategic Planning Associates as a strategy consultant. He holds an MA in Engineering from Cambridge University and an MBA from INSEAD. Matthew Hindhaugh spent sixteen years with Deutsche Bank (formerly Morgan Grenfell) where he was a director responsible for executing mergers and acquisitions and structured financings, primarily in emerging markets. After leaving Deutsche Bank, he and a partner acquired a national UK retailer, Culpeper Limited, where he served as its Chief Financial Officer. Before Morgan Grenfell he qualified as a Chartered Accountant with Arthur Andersen. He holds a BA in History from Nottingham University. Andrew McLennan has fourteen years' investment banking experience as a former director in the telecoms investment banking practices of Merrill Lynch, Deutsche Morgan Grenfell and SG Warburg. Prior to joining Macadam he was head of mergers and acquisitions at Energis Communications plc. He began his career at Bain & Co. He holds an MEng in Electrical Engineering from Imperial College, London. Commenting on the acquisition Henry Okereke, Chief Executive Officer of Libertas Capital, said 'We are delighted to announce the acquisition of Macadam and to welcome Tim Murray, Matthew Hindhaugh and Andrew McLennan to Libertas Capital - this is an excellent strategic fit and strengthens further our international offering in our core sectors' For further information please contact: Libertas Capital Group plc +44 (0)20 7569 9650 Jakob Kinde, Executive Chairman Henry Okereke, Chief Executive Grant Thornton +44(0)20 7383 5100 Fiona Owen Buchanan Communications +44 (0)20 7466 5000 Charles Ryland/ Mary Jane-Johnson |
Posted at 18/10/2007 08:11 by moogies Libertas Capital Group PLC17 October 2007 For immediate release 17 October 2007 LIBERTAS CAPITAL GROUP PLC ("the Company") Director Shareholding Libertas Capital Group plc ("Libertas Capital"), AIM: LBR), the international financial services firm, was notified on 17 October 2007 that Henry Okereke, Group Chief Executive and Director increased his holding of ordinary shares of nominal value of 1p each ("ordinary shares") by the purchase of 1,720,000 shares at an average price of 25p. As a result Mr Okereke's holding is now 8,548,298 ordinary shares representing 19.85% of total voting rights. The total number of shares in issue amounts to 46,977,765, including 3,913,949 shares held in Treasury following the sale of 470,000 shares from Treasury. Thus the total number of ordinary shares in issue with voting rights is 43,063,816. For further information please contact: Libertas Capital Group plc +44 (0)20 7569 9650 Jakob Kinde, Executive Chairman Henry Okereke, Chief Executive Grant Thornton +44(0)20 7383 5100 Fiona Owen |
Posted at 04/6/2007 10:52 by nickcduk Sell off on lowish volume has made LBR too cheap imo. Picked up 10k this morning and will add more on any drop lower. Its far too cheap at current levels with directors buying only last month. Strong asset backing to boot including a chunky amount of cash helps the case. |
Posted at 16/2/2007 12:34 by moogies Just noticed a reference to LBR in this article published a few weeks back.M. "The best-performing broker is Vancouver's Canaccord Capital, which has generated an average return of £1,954, aided by Imperial Energy, a Russian oil explorer whose shares are up 2,448 per cent since floating. The other top five stockbrokers are Investec Securities, Libertas Capital, Teather & Greenwood and Numis Securities. The 24 brokers covered by the survey - which is based on transactions defined by AIM as admission or readmission of shares - together raised about £12 billion for clients in the three years to December 2006. |
Posted at 20/12/2006 09:44 by moogies Successful FundraisingsLibertas Capital Group PLC 20 December 2006 For immediate release 20 December 2006 LIBERTAS CAPITAL GROUP plc COMPLETION OF TWO SUCCESSFUL FUNDRAISINGS Libertas Capital Group plc (AIM: LBR), the UK-based financial services firm, is pleased to announce that it has successfully completed fundraisings for West Pioneer Properties plc (AIM: WPR) and Renewable Power & Light plc (AIM: RPL). West Pioneer Properties, which aims to become a leading developer and operator of shopping malls in India, raised approximately £20 million via a Placing of 25 million shares at 81.5 pence per share. Shares in West Pioneer Properties began trading on AIM on 13 December 2006. Renewable Power & Light, the renewable power producer, successfully raised £40 million via a Placing of 57 million shares at 70 pence per share. Shares in Renewable Power & Light began trading on AIM on 14 December 2006. Henry Okereke, Chief Executive Officer of Libertas Capital, said: "We are delighted to have successfully completed these two fundraisings for West Pioneer Properties and Renewable Power & Light and to see the companies join the AIM market. We have seen good support from institutions for both of these two companies and look forward to advising more successful companies in 2007." For further information please contact: Libertas Capital Group plc +44 (0)20 7569 9650 Jakob Kinde, Executive Chairman Henry Okereke, Chief Executive Buchanan Communications +44 (0)20 7466 5000 Charles Ryland / Mary-Jane Johnson Notes for Editors About Libertas Capital Group plc Libertas Capital is a UK-based financial services firm offering its clients a full range of dedicated independent Corporate Finance Advisory, Research and Distribution services. Corporate Finance services include advice on M&A, public and private fund raising, private equity encompassing development capital, MBOs and MBIs, valuation and exit strategy. In the Securities business Libertas Capital offers research to corporate and institutional clients, via Equity Growth Research and Libertas Capital Research, over a global distribution network. Libertas Capital is focused on the small to mid cap market in the UK, Northern Europe, the Nordic region, the US and Asia where the Group has gained widespread experience and developed strong relationships. Libertas Capital concentrates primarily on growth companies across a number of industry sectors with a particular focus on Energy (renewable energy, oil and gas, natural resources and oil services), Technology (software, services and telecoms) and Healthcare. This information is provided by RNS The company news service from the London Stock Exchange Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes. |
Posted at 16/2/2006 12:03 by moogies Prelims out today and looking good yet there doesn't seem to be much interest. Let's hope Investor's Chronicle reiterates their buy recommendation and so increase awareness:Libertas Capital Group PLC 16 February 2006 For immediate release 16th February 2005 LIBERTAS CAPITAL GROUP PLC PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2005 Libertas Capital Group plc (AIM: LBR) ('Libertas Capital' or 'the Company'), the financial services firm, today announces preliminary results for the year ended 31 December 2005. Financial highlights:- Revenue of £9.73m (2004: £4.71m), an increase of 107% Operating profit of £2.22m (2004: £1.02m), an increase of 118% Pre tax profit of £2.20m (2004: £1.03m), an increase of 114% Earnings per share of 3.75 pence (2004: 2.42 pence), an increase of 55% Net assets at year end of £6.88m (2004: £3.51m), an increase of 96% Debt free at the year end Pre tax return on equity of 32% (2004: 29%) Post tax return on equity of 22% (2004: 21%) Operational highlights:- 12 transactions completed including IPOs on AIM, M&A transactions and private fundraisings Continued investment in staff across the business to meet demand Expansion into Asia and North America Implementation of joint venture hedge fund advisory business, DNA Advisors Libertas Capital Securities upgraded its licence in January 2005 and became a member of the London Stock Exchange in February 2005 Libertas Capital Corporate Finance was appointed as Nominated Advisers in May 2005 Commenting on the results, Jakob Kinde, Executive Chairman of Libertas Capital Group plc, said:- 'We are delighted with the strong performance of the business in our second year as a public company. We have continued to implement our strategy and have expanded our corporate finance and securities businesses with new operations in Asia and North America to offer full service capability in these growing and important geographical markets. In addition we have established a hedge fund advisory business, DNA Advisors Limited, which will provide us with a new client base and an enhanced annuity income. We continue to invest in talented people in each of our core business areas - corporate finance, securities/distribut provide the high quality of services expected by our clients. As a result, we are continuing to attract further corporate and institutional clients in the UK, Europe, the Nordic region, the US and Asia. We look forward to 2006 with optimism, particularly with an encouraging number of transactions in our pipeline'. [More] |
Posted at 15/2/2006 13:12 by moogies Hedge Fund Advisory BusinessLibertas Capital Group PLC 15 February 2006 For immediate release 15th February 2006 LIBERTAS CAPITAL GROUP plc EXPANSION INTO HEDGE FUND ADVISORY BUSINESS Libertas Capital Group plc (AIM: LBR) ("Libertas Capital" or "the Company"), the financial services firm, is pleased to announce that it has set up a joint venture, DNA Advisors Limited ("DNA"), a business offering hedge fund advisory services. DNA is 70% owned by Libertas Capital and 30% by the two principals of DNA, John Davies and Lucy Alexander. John Davies has over twenty five years' experience in his investment banking career with Rowe and Pitman, Brown Brothers Harriman & Co and Lehman Brothers where he became Co-Head of Institutional Equity Sales Europe. In 1997 he joined Credit Lyonnais in London where he was Global Head of Sales and Sales Trading. In 2001 he co-founded Altius Partners (a specialist hedge fund and advisory business), and then went on to set up Green Park Investment in 2004. In 2005, together with Lucy Alexander, he co-founded DNA. John has a degree in Law from Emmanuel College, Cambridge. As a result of this transaction, John will cease to be a Non Executive Director of Libertas Capital from today. Lucy Alexander has over 16 years of experience in European financial markets. She started her career at Lehman Brothers in European equity sales in 1989 and subsequently worked at Merrill Lynch and Salomon Brothers in a similar capacity. In 2000 she moved to Commerzbank where she set up and headed the Italian sales desk and was also co-head of the hedge fund sales desk. In 2004 Lucy joined Green Park Investment, raising capital for hedge funds. In 2005 she co-founded DNA with John Davies. Lucy has a degree in modern languages from Cambridge University. In addition to John Davies and Lucy Alexander, the team now comprises Brigitte Reinert and Michelle Tully on the sales side together with Pryesh Emrith and Barbara Travani on research. The firm primarily distributes its single manager hedge funds and private equity products to funds of hedge funds and private family offices in Europe and the Middle East. Commenting on the announcement, Jakob Kinde, Executive Chairman of Libertas Capital, said: "This is an exciting development for Libertas Capital and we are delighted that we have attracted two well respected and experienced principals in John Davies and Lucy Alexander. DNA will be an integral part of Libertas Capital's strategy, offering opportunities for fundraising as well as building up an annuity income stream. We offer a warm welcome to them both as well as the rest of the team. As part of this transaction John will be relinquishing his role as a Non Executive Director and we wish to thank John for his valued contribution and wise counsel in that role". For further information please contact: Libertas Capital Group plc +44 (0)20 7569 9650 Jakob Kinde, Executive Chairman Henry Okereke, Chief Executive DNA Advisors Limited John Davies, Chief Executive +44 (0)20 7569 9691 Shore Capital +44 (0)20 7408 4090 Guy Peters Grant Thornton +44(0)20 7383 5100 Graeme Thom/ Fiona Reid Buchanan Communications +44(0)20 7466 5000 Charles Ryland /Mary-Jane Johnson Notes to Editors About Libertas Capital Group plc Libertas Capital is a UK-based financial services firm offering its clients a full range of dedicated independent Corporate Finance Advisory, Research and Distribution services. Corporate Finance services include advice on M&A, public and private fund raising, private equity encompassing development capital, MBOs and MBIs, valuation and exit strategy. In the Securities business Libertas Capital offers research to corporate and institutional clients, via Equity Growth Research and Libertas Capital Research, over a global distribution network. Libertas Capital is focused on the small to mid cap market in the UK, Northern Europe, the Nordic region, the US and Asia where the Group has gained widespread experience and developed strong relationships. Libertas Capital concentrates primarily on growth companies across a number of industry sectors with a particular focus on environmental sciences, natural resources, technology (software and business services) and medical technology. This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 02/2/2006 12:50 by moogies Expansion into USALibertas Capital Group PLC 02 February 2006 For immediate release 2nd February 2006 LIBERTAS CAPITAL GROUP plc ("Libertas Capital" or "the Company") EXPANSION INTO USA Libertas Capital Group plc (AIM: LBR), the financial services firm, is pleased to announce that it is has reached agreement with Cresta Partners LLC ("Cresta") to open and develop an operation in the USA, based in Los Angeles, California. The focus of this business will be primarily within Libertas Capital's core sectors, namely environmental sciences, technology (software and business services) and medical technology. A wholly owned subsidiary of Libertas Capital will be established and called Cresta Libertas Capital Inc ("CLC"). CLC will be led by Cresta's founding members, two experienced principals within investment banking, Craig Castilla and Gregory French who are currently based in Los Angeles, California. CLC will offer full corporate finance services for the North American market as well as a bridgehead into the Asian markets, to complement those services provided by the Company in London, Stockholm and Hong Kong. Craig Castilla has an AB in Economics from Harvard University and an M.Phil in International Relations from Cambridge University and has over twenty years experience in investment banking, primarily advising European and North American clients on mergers and acquisitions and is fluent in French. Craig spent more than ten years with Rothschild Inc., the US-based investment bank of the Rothschild Group, as well as having worked with Bear, Stearns & Co, in a private capacity and latterly with two subsidiaries of Knowledge Universe. Gregory French has a BA in Finance from Southern Methodist University, Dallas and a BA in Asian Economics from Kwansei Gakuin University together with an MBA from City University, London; he has over twenty years experience in strategic and financial advisory services, specialising in cross border transactions covering Europe, Asia, US, Africa and Latin America and is fluent in French and Japanese. Gregory has worked with Nomura Securities, Morgan Stanley International, Baring Securities and Standard Chartered Bank and latterly with Hanson Capital. Commenting on the announcement, Jakob Kinde, Executive Chairman of Libertas Capital, said: "This is an exciting development for Libertas Capital and we are delighted that we have attracted two well respected and experienced principals in Craig Castilla and Gregory French. This expansion into the USA will complement and enhance our corporate finance services within our core sectors in the growing and important North American market as well as facilitate penetration into the markets in Asia." For further information please contact: Libertas Capital Group plc +44 (0)20 7569 9650 Jakob Kinde, Executive Chairman Henry Okereke, Chief Executive Shore Capital +44 (0)20 7408 4090 Guy Peters Grant Thornton +44(0)20 7383 5100 Graeme Thom/ Fiona Reid Buchanan Communications +44(0)20 7466 5000 Charles Ryland /Mary-Jane Johnson Notes to Editors About Libertas Capital Group plc Libertas Capital is a UK-based financial services firm offering its clients a full range of dedicated independent Corporate Finance Advisory, Research and Distribution services. Corporate Finance services include advice on M&A, public and private fund raising, private equity encompassing development capital, MBOs and MBIs, valuation and exit strategy. In the Securities business Libertas Capital offers research to corporate and institutional clients, via Equity Growth Research and Libertas Capital Research, over a global distribution network. Libertas Capital is focused on the small to mid cap market in the UK, Northern Europe, the Nordic region, Asia and the US, where the Group has gained widespread experience and developed strong relationships. Libertas Capital concentrates primarily on growth companies across a number of industry sectors with a particular focus on environmental sciences, technology (software and business services) and medical technology. This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 18/2/2003 13:27 by mr potato head Wolf and Robb IMO LBRs principles work in all markets and all time frames ..I have read many books in the last few years and I agree with Mr C that LBR has been one of the most influential ..yes it is $170 US but I would say that I have found it was worth it but only if you are prepared to listen to what it says ...there are no easy trading systems in it as such.. just some common sense and one or two snippets of excellent knowledge that made the book worth the money to me ...if I was being cynical I would say that I have used LBRs chatroom in the past and one thing that struck me was that she never used any of the Street Smart set ups in her own trading ! but my evolution as a trader has been to synthesize information from all sorts of sources and put that into my own trading style and as part of that Street Smarts has been very important ..along with Joe Dinapoli |
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