![](/cdn/assets/images/search/clock.png)
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 |
---|---|---|---|---|---|
Rome Resources Plc | LSE:RMR | London | Ordinary Share | GB00BYY0JQ23 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-9.20 | -96.79% | 0.305 | 0.29 | 0.32 | 0.35 | 0.305 | 0.35 | 551,396,122 | 15:57:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2610S RMR PLC 10 October 2000 RMR PLC Interim Results for the six months ended 31 August 2000 RMR plc, ("RMR"), the online conference organiser, is pleased to announce its Interim Results for the six months ended 31 August 2000, its first results following the flotation of the Company on the Alternative Investment Market ("AIM") in April 2000. A summary of key points follows: Key points: FINANCIAL --------- Turnover up 263% to #1.11 million (1999: #0.42m) Loss of #2.28 million (1999: (#0.07m)) Cash position of #9.73 million Loss per share of 4.4p (1999: (0.17p)) No dividend BUSINESS -------- Three conferences launched since flotation - ForBusiness2000, EnergyResource2000, VirtualBanking2000 - Continuing professional development accreditation Eight conferences in production Opened US office in July - First US-based conference in progress Michael Peagram, Chairman, commented: "RMR has progressed well during the first half of the year. We have launched three highly successful conferences since our flotation in April and have made an entry into the US market with the opening of our US office. Given the achievements of the last six months and the excellent prospects, I look forward to the future with confidence." RMR PLC RESULTS The turnover for the six month period was #1.114 million (1999: #423k) of which 76 percent (#852k) represented revenues generated by the online conferences, the balance being attributable to web development (#262k). A pretax loss of #2.278 million was incurred during this period (1999: (#74k)) which was principally a result of the investment that the Group has made in personnel and infrastructure to support its ambitious growth plan. The cash position of the Group remains strong with cash balances at 31 August 2000 of #9.731 million. For the period, there was a loss per share of 4.44p (1999: (0.17p)). These are the Group's first interim results following its flotation on the Alternative Investment Market ("AIM") in April 2000. The Group has expanded its library of conference titles and launched two very successful events in May with another conference which has opened in September. Both conferences launched in May met their revenue targets. Overall, there are currently eight conferences in production which will be launched within the next six months. This activity represents a substantial increase on last year when only two events were under development during the same period. RMR receives income for its conferences from exhibitors paying for virtual stands and from sponsors. This income is received during the development phase prior to a conference being launched. The turnover figure shown in the interim results therefore consists of income received for both conferences launched and those currently being developed. BUSINESS REVIEW Online Conferences The conferences that have been launched comprise EnergyResource2000 (www.energyresource2000.com), and ForBusiness2000 (www.forbusiness2000.com), which were launched in May 2000. VirtualBanking2000 (www.virtualbanking2000.com) was launched in September 2000. These events have proved extremely successful in attracting large numbers of delegates, corporate sponsors and exhibitors as well as recognised primary partners, speakers and authors. For example, EnergyResource2000 brought together over 10,000 energy sector professionals with 50 percent from outside the UK. The "blue chip" nature of this conference was underlined by the participation of the World Energy Council as primary partner, BP as sponsor and speakers such as Sir Crispen Tickell, of the UK Government Panel on Sustainable Development. RMR is continuing to develop its conference model. An example of this is the association with the Chartered Institute of Bankers (CIB) on VirtualBanking2000. At this event, the CIB is recognising the time that its members spend at the conference as Continuing Professional Development (CPD). This is significant as professionals are increasingly required by their member institutions to demonstrate their commitment to CPD which is generally allocated through points awarded for attending physical events. By allocating CPD time to attendance at an online event, RMR and the CIB are pioneering an alternative format through which organisations can interact with their members in maintaining their professional development. Web Site Development As an adjunct to its online conference business, RMR designs and creates web sites for corporate clients and other organisations, this has provided valuable business during the six month period. During this period, the Group has continued to grow the business and develop new products such as its portal site in autism (www.autismconnect.org.uk). In line with the plan, RMR is continuing to produce sites for corporate clients and large organisations. US Expansion RMR's conferences have always attracted considerable international interest and as was indicated at the time of the flotation, RMR has now established an operation in Austin, Texas. With its status as the second most "wired" city in the US and its position in the central time zone, the Group believes that Austin will prove a good base for the development of its US business. The production of the first US event, "US Investor" is now in progress with sales of sponsorships and exhibition stands expected to commence in the near future. Awards I am pleased to report that the excellence of the Group's conference product was recognised recently when RMR won the "Best Project" category in the Charteris and Institute of Directors backed "Electronic Business Transformation Awards". The award recognises the contribution of the Group's events, such as ForBusiness2000, in promoting e- commerce and transforming an industry sector. BOARD We have made two new non-executive appointments to strengthen the board for the future. Dr Michael Peagram joined as Non-Executive Chairman. He is currently Deputy Chairman of Yule Catto PLC and has substantial experience in growing companies organically and by acquisition. We also welcome Kazia Kantor as a Non-Executive Director. She is presently Group Finance Director of Coats Viyella PLC. Edmond Warner has acted as a Non-Executive Director to see us through the initial stage since flotation and is now stepping down. We shall retain our association with him in his role as Chief Executive Officer of Old Mutual Securities, the Company's stockbrokers. PROSPECTS Over the past six months, the number of employees has expanded by 50 percent to 142, in line with our plan, as we continue to grow and vigorously exploit our conferences. I am very impressed by the professional capability we now have within the Group. Within our total we have large teams on direct sales (60) and web page production (40). We are investigating other emerging product opportunities which utilise our capability in partnership with content producers. Dr Michael Peagram Chairman 9 October 2000 GROUP PROFIT AND LOSS ACCOUNT Unaudited Unaudited Audited 6 months 6 months 12 months to to to 31 August 31 August 29 February 2000 1999 2000 #000's #000's #000's Turnover 1,114 423 1,116 Cost of Sales (1,583) (353) (1,088) ------- ------ ------- Gross result (469) 70 28 Professional costs prior to company flotation (255) - - Other administrative (1,775) (143) (993) expenses ------- ------ ------ Administrative expenses (2,030) (143) (993) ------- ------ ------ Operating loss (2,499) (73) (965) Net interest 221 (1) (2) ------ ------ ------ Loss on ordinary (2,278) (74) (967) activities Taxation - - - ------ ------ ------ Loss for the period (2,278) (74) (967) ====== ====== ====== Basic loss per share (4.44) (0.17) (2.27) CASHFLOW STATEMENT Unaudited Unaudited Audited 6 months 6 months 12 months to to to 31 August 31 August 29 February 2000 1999 2000 #000's #000's #000's Net cashflow from operating activities (2,722) (22) (825) Returns on investment and servicing of finance Net interest 221 (1) (2) Capital expenditure and financial investment Purchase of tangible fixed assets (656) (24) (518) Financing Issue of share capital 12,823 - 1,894 Repayment of borrowings - - (2) Capital element of finance lease borrowings (11) - (11) Expenses paid in connection with share issues (449) - (58) ------- ------ ------ Net cash flow from financing 12,363 - 1,823 ------ ------ ------ Movement in cash 9,206 (47) 478 GROUP BALANCE SHEET Unaudited Unaudited Audited at 31 at 31 29 August August February 2000 1999 2000 #000's #000's #000's Fixed assets Tangible fixed assets 1,241 84 620 Current assets Stocks 50 70 70 Debtors 800 272 969 Cash at bank and in hand 9,731 - 525 ------ ----- ----- 10,581 342 1,564 Creditors: amounts falling due within one year (574) (265) (973) Net current assets 10,007 77 591 Total assets less current liabilities 11,248 161 1,211 Creditors: amounts falling due after more than one year (122) - (46) ------ ----- ------ Net assets 11,126 161 1,165 ====== ===== ====== Capital and reserves Called up share capital 5,510 4,264 4,264 Share premium 10,650 - - Profit and loss account (5,034) (4,103) (3,099) ------- ------ ------- Shareholders funds 11,126 161 1,165 ======= ====== ======= NOTES TO THE ACCOUNTS 1. These statements do not constitute financial statements within the meaning of section 240 of the Companies Act 1985. RMR plc was incorporated on 11 January 2000. The Company did not trade prior to 29 March 2000 when it acquired the entire issued share capital of RMR Design Associates Limited by means of a share for share exchange. The results for the six months ended 31 August 2000 and 31 August 1999 and the Balance Sheets as at that date are unaudited. The results for the year ended 29 February 2000 are taken from the accounts of RMR Design Associates Limited, now a wholly owned subsidiary of RMR plc, filed with the Registrar of Companies containing an unqualified audit report. The Balance Sheet at 29 February 2000 is that of RMR Design Associates Limited and has been adapted to incorporate the principals of merger accounting. 2. The loss per share figures have been calculated on the loss on ordinary activities and the weighted average number of shares in issue for the period of 51,300,662 (31 August 1999 and 29 February 2000: 42,640,944). The number of shares in issue for the periods to 31 August 1999 and 29 February 2000 have been calculated using the principals of merger accounting. 3. The interim financial statements above do not comprise statutory accounts for the purposes of s240 of the Companies Act 1985. 4. Reconciliation of movement in shareholders' funds Unaudited Unaudited Audited 6 months 6 months 12 months to to to 31 August 31 August 29 February 2000 1999 2000 #000's #000's #000's Loss for the period (2,278) (74) (967) Issue of shares 12,736 - - Expenses of share issues (584) - - Adjustment for merger accounting 87 (3,955) (2,058) ------ ------- ------- Net movement in shareholders' funds 9,961 (4,029) (3,025) Shareholders' funds at beginning of period 1,165 4,190 4,190 ------ ------ ------- Shareholders' funds at end of period 11,126 161 1,165 The adjustment for merger accounting relates to the difference between the nominal value of the Company's shares and the value of share capital and share premium in its subsidiary which arises from the merger accounting method of consolidation adopted. 5. Net cash flow from operating activities Unaudited Unaudited Audited 6 months 6 months 12 months to to to 31 August 31 August 29 February 2000 1999 2000 #000's #000's #000's Operating loss (2,499) (73) (965) Depreciation 142 23 47 Change in stocks 20 (13) (13) Change in debtors 34 (123) (760) Change in creditors (419) 164 866 ------- ----- ----- Net cash flow from operating (2,722) (22) (825) activities 6. Reconciliation of net cash flow to net debt Unaudited Unaudited Audited 6 months 6 months 12 months to to to 31 August 31 August 29 February 2000 1999 2000 #000's #000's #000's Increase/(Decrease)in cash 9,206 (47) 478 Cash inflow/(outflow) from financing - (46) 2 Cash inflow from finance leases 11 - 11 ------ ------ ----- Change in net cash resulting from cash flows 9,217 (93) 491 Inception of finance leases (106) - (65) ------ ------ ----- Movement in net cash 9,111 (93) 426 Net funds at beginning of period 471 45 45 ------ ------- ----- Net funds at end of period 9,582 (48) 471 7.Copies of the interim accounts will be sent to shareholders. Further copies will be available from the Company's head office at Oakfield House, Oakfield Industrial Estate, Stanton Harcourt Road, Eynsham, Oxon, OX8 1TH, for the next 14 days. Telephone 01865 733733 or email: info@rmrplc.com 10 October 2000
1 Year Rome Resources Chart |
1 Month Rome Resources Chart |
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