We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Microcap (See "LSE:DEO") | LSE:MEQ | London | Ordinary Share | GB0032851270 | 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% | 0.155 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
03/8/2009 10:38 | O/T CSB at 1p. Q2 Results out next Thursday. NAV was 2.71p at year end and Q2 muted to be stronger than Q1 as sentiment improves. Longer term, muted about RTO with large scale partner. DYOR. | treacle32 | |
02/8/2009 09:47 | Appears to be stake building going on here. Small sells being packaged into blocks of a million and sold on. Deal imminent? I'll be topping up Monday morning. | yohoho | |
29/7/2009 09:35 | illiquid indeed 1 buy today and a 6% rise | andrbea | |
28/7/2009 12:23 | up well one day..drop like a stone the next.............lol | johndee | |
27/7/2009 21:54 | Maybe they are short of stock if the truth be told.......... | johndee | |
27/7/2009 17:03 | induna123 the 300k is my sell bought from a while back....saw it was up and top sliced to keep the free shares. Broker told me nms is 150k and from the stock available they were looking to sell and not buy ...so said we will be able to sell 150k but dont think 300k likely...came back surprised to say they took the full lot in a oner. | comedy | |
27/7/2009 16:23 | Interesting, the chairman Nicolas Greenstone is Corporate Advisor of Mechant Capital, part of Merchant House Group (MHG) | zitec | |
27/7/2009 15:51 | Looks like those who bought this morning have dumped. | induna123 | |
27/7/2009 14:58 | Many think when they do a reverse takeover a share price of 1 pence is highly likely. | johndee | |
27/7/2009 14:46 | what's happening here? | parvez | |
27/7/2009 12:43 | 71% and still no interest? | andrbea | |
04/7/2009 21:00 | Hopeful of finalisation of news sooner rather than later. In the meantime, other shell PMA got its news this week as per research and looks good for the next few days with imminent fundraising at 1p vs current price of 0.38p and RTO announced. | hena79 | |
29/6/2009 23:06 | ??????????????????ar | johndee | |
29/6/2009 19:40 | Nope still here all the way, didn't take 0.50p and want a whole lot more.. All research slowly coming to fruition as per latest RNS last week. My PMA will also hit the dizzy heights of 1p et al with MEQ over the coming weeks. DYOR. | hena79 | |
29/6/2009 12:11 | LMAO!!! Has treacle/tomboy dumped yet?!?! | jonnyfro | |
26/6/2009 16:55 | Expected news out today, as per research looks like acquisition is also lined up. Will be worth the long wait tomboy. Also, keep an eye on PMA which is truly bottomed out and mkt cap of just 200K when AIM listing is worth 500K. | hena79 | |
26/6/2009 13:18 | TIDMMEQ 26 June 2009 Microcap plc ("Microcap" or the "Company") Final results for the year ended 31 December 2008 CHAIRMAN'S STATEMENT I am pleased to report on the results of the Company for the year ended 31 December 2008. The Company's operating loss was reduced to GBP65,630 (2007: GBP90,363). The loss before tax increased to GBP144,366 compared to a loss last year of GBP86,432 after a permanent diminution in value of the Company's investments, amounting to GBP 40,000 (2007: GBP1,482) and after a premium paid of GBP40,000 on conversion of GBP 20,000 nominal convertible unsecured loan notes. The Company made announcements on 12 May and 1 June 2009 relating to a potential equity investment in the Company. Negotiations relating to the investment are now at an advanced stage and the Directors are hopeful that these negotiations will be concluded shortly. Any such transaction will be subject to the approval of shareholders at a general meeting and, if negotiations can be concluded, the Company will send a document to shareholders explaining and seeking approval for the transaction and containing a notice of general meeting. Your Directors continue to investigate ways of increasing shareholder value. Nicolas Greenstone Chairman 26 June 2009 FURTHER ENQUIRIES Microcap plc Nicolas Greenstone 020 7247 9691 Rakesh Patel 020 8371 3071 John East & Partners Limited, a subsidiary of Merchant Securities Plc Bidhi Bhoma 020 7628 2200 INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2008 Year ended 31 Year ended 31 December December Note 2008 2007 GBP GBP Administrative expenses (65,630) (90,363) Operating loss (65,630) (90,363) Impairment of investments (40,000) - Interest receivable and similar income 2 1,264 3,931 Interest payable and similar charges 3 (40,000) - Loss on ordinary activities before (144,366) (86,432) taxation Tax on loss on ordinary activities 4 - - Loss for the year (144,366) (86,432) Loss per share (pence) - Basic 5 (0.13p) (0.08p) - Diluted (0.13p) (0.08p) The income statement has been prepared on the basis that all operations are continuing operations. STATEMENT OF RECOGNISED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2008 Year ended 31 Year ended 31 December December 2008 2007 GBP GBP Net loss on available for sale investments (27,731) (1,482) Net loss recognised directly in equity (27,731) (1,482) Loss for the period (144,366) (86,432) Total recognised income and expense for the (172,097) (87,914) financial period STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2008 Share Share Retained Total Capital Premium earnings GBP GBP GBP GBP At 1 January 2007 1,709,545 3,006,830 (4,511,401) 204,974 Issue of ordinary shares 20,000 - - 20,000 Loss for the year - - (86,432) (86,432) Net loss on available for sale - - (1,482) (1,482) investments As at 31 December 2007 1,729,545 3,006,830 (4,599,315) 137,060 Issue of ordinary shares 60,000 - - 60,000 Loss for the year - - (144,366) (144,366) Net loss on investments - - (27,731) (27,731) transferred to equity Transfer from share premium - (40,000) 40,000 - account As at 31 December 2008 1,789,545 2,966,830 (4,731,412) 24,963 BALANCE SHEET AS AT 31 DECEMBER 2008 Notes As at As at 31 December 31 December 2008 2007 GBP GBP ASSETS Non-current assets Investments - available for sale 6 2,069 69,800 Current assets Trade and other receivables 13,132 10,497 Cash and cash equivalents 8 19,534 85,338 32,666 95,835 LIABILITIES Current liabilities Trade and other payables 7 (9,772) (28,575) Net Current Assets 22,894 67,260 NET ASSETS 24,963 137,060 SHAREHOLDERS' EQUITY Called up share capital 1,789,545 1,729,545 Share premium account 2,966,830 3,006,830 Retained earnings (4,731,412) (4,599,315) TOTAL EQUITY 24,963 137,060 CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2008 Notes Year ended 31 Year ended 31 December December 2008 2007 GBP'000 GBP'000 Cash flows from operating activities Cash expended from operations (87,068) (94,634) Net cash from operating activities (87,068) (94,634) Cash flows from investing activities Interest received 1,264 3,931 Interest paid - - Net cash from investing activities 1,264 3,931 Cash flows from financing activities Proceeds of share issue 20,000 - Net cash from financing activities 20,000 - (Decrease)/Increase in cash and cash (65,804) (90,703) equivalents Reconciliation of net cash flow to movement in net funds (Decrease)/Increase in cash and cash 8 (65,804) (90,703) equivalents Change in net funds (65,804) (90,703) Net funds at start of period 85,338 176,041 Net funds at end of period 8 19,534 85,338 NOTES TO THE PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2008 1. BASIS OF PREPARATION These financial statements have been prepared in accordance with International Financial Reporting Standards, International Accounting Standards and Interpretations (collectively IFRS) issued by the International Accounting Standards Board (IASB) as adopted by European Union ("adopted IFRSs"), and are in accordance with IFRS as issued by the IASB. The financial information set out above does not constitute the Company's statutory accounts for the years ended 31 December 2007 and 2008, but is derived from those accounts. Statutory accounts for 2007 have been delivered to the Registrar of Companies and those for 2008 will be delivered following the Company's Annual General Meeting. The Auditors have reported on those accounts; their reports were unqualified and did not contain statements under the Companies Act 1985, sections 237(2) or (3). 2. INTEREST RECEIVABLE AND SIMILAR INCOME 2008 2007 GBP GBP Bank Interest 1,264 3,931 3. INTEREST PAYABLE AND SIMILAR CHARGES 2008 2007 GBP GBP Premium on redemption of loan notes 40,000 - Pursuant to the loan stock instrument issued on 17 December 2007, the Company issued loan notes amounting to GBP20,000, on 12 March 2008. These loan notes were redeemed on 19 March 2008 giving rise to a premium on redemption of GBP40,000. 4. TAXATION 2008 2007 GBP'000 GBP'000 Current tax charge - - Factors affecting the tax charge for the period Loss on ordinary activities before taxation (144,366) (86,432) Loss on ordinary activities before taxation (40,422) (25,930) multiplied by standard rate of corporation tax of 30.0% (2007 - 30.0%) Effects of: Non deductible expenses - - Other tax adjustments 40,422 25,930 Current tax charge - - As at 31 December 2008 a potential deferred tax asset of GBP433,062 (2007: GBP 414,686) existed due to unrelieved management expenses and interest of GBP 1,546,650 (2007: GBP1,481,020) at a rate of 28 per cent (2007: 28 per cent). No deferred tax asset has been recognised due to the uncertainty over the availability of future trading profits to offset against these losses.. 5. LOSS PER SHARE The calculation of the basic loss per share is based on the loss on ordinary activities after taxation of GBP144,366 (2007: GBP86,432) and on the weighted average number of shares of 113,773,879 (2007: 108,820,452) ordinary shares in issue during the year. There was no dilutive effect from the share options outstanding during the year. 6. INVESTMENTS - AVAILABLE FOR SALE Listed Unlisted 2008 2007 investment investment GBP GBP GBP GBP Fair value At 1 January 29,800 40,000 69,800 71,282 Net loss transferred to equity (27,731) - (27,731) (1,482) Impairment - (40,000) (40,000) - At 31 December 2,069 - 2,069 69,800 7. TRADE AND OTHER PAYABLES 2008 2007 GBP GBP Trade payables 2,679 17,486 Taxation and social security 666 - Directors current account - 5,089 Accruals and deferred income 6,427 6,000 9,772 28,575 8. ANALYSIS OF NET FUNDS 1 January 2008 Cash flow Other non-cash 31 December changes 2008 GBP GBP GBP GBP Cash at bank and in 85,338 (65,804) - 19,534 hand Net funds 85,338 (65,804) - 19,534 9. DIVIDEND The Directors do not recommend the payment of a dividend. 10. RELATED PARTY TRANSACTIONS Adler Shine LLP, a firm in which R Patel is a Member, invoiced the company GBP 5,000 (2007: GBP4,167) in respect of Directors remuneration for six months. The above transaction was on a commercial arm's length basis. 11. COPIES OF THE REPORT & ACCOUNTS Copies of the Report and Accounts have been posted to shareholders, are available from the Company's registered office Thames House, Portsmouth Road, Esher, Surrey KT10 9AD and are available from the Company's website www.microcapequities END | tomboyb | |
20/6/2009 10:57 | Final Results and news should be out possibly next week or at worst by Tuesday the week after. | hena79 | |
16/6/2009 18:50 | Yep and our PMA is also set fair for some biggie rises imo. The below quoted sums up MEQ's situation perfectly:- 'new board appointments and an injection of new capital. The aim is to realize value for shareholders through the restructuring and provide them with a residual interest in a clean vehicle positioned for a reverse takeover'. | hena79 | |
16/6/2009 18:39 | hena. results out later this month. so shareholders will find out more about what investments there will be. | tomboyb | |
16/6/2009 18:18 | With the Chairman's links and position at Merchant Capital...the below again makes interesting reading. Quoted Cash Shells For clients looking to raise capital and achieve a quote: For certain clients, reversing into a Cash Shell may represent an attractive alternative to an IPO or private equity fundraising. A Cash Shell may allow a transaction to be structured according to the particular requirements of a company or project in a more flexible way. A reversal is suited to situations where certainty of funding and timing is a key factor. Situations where a Cash Shell can work best include: Roll-ups/Consolidati * Acquisition of one or more companies with enlarged group seeking a quote * Quoted paper as acquisition currency Management Buy-outs/Buy-ins * MBI team with quoted paper and cash but target to be identified * Funding and quoted paper for MBO team Small or Zero Funding Requirement * Difficult to attract broker interest in an IPO if less than £5m * Cash Shell can provide better liquidity than an Introduction In these situations, a reversal may also provide an effective mechanism to attract and incentivise key personnel and raise the corporate profile in the same way as an IPO. For failed or failing quoted companies: Shareholder interests in failed or failing quoted companies can sometimes be best served by re-organising and restructuring the entity to produce a Cash Shell with a strategy to create value for shareholders by identifying an attractive operating business for a reverse takeover. Merchant Capital advises clients on the restructuring process which may include disposing of any residual businesses or assets, putting the company through a Company Voluntary Arrangement ('CVA'), new board appointments and an injection of new capital. The aim is to realize value for shareholders through the restructuring and provide them with a residual interest in a clean vehicle positioned for a reverse takeover. | hena79 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions