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Formation Share Chat (FRM)



Share Price: 5.25Bid: 5.00Ask: 5.50Change: 0.00 (0.00%)No Movement on Formation Grp
Spread: 0.50Spread as %: 10.00%Open: 5.25High: 5.25Low: 5.25Yesterday’s Close: 5.25


Share Discussion for Formation Grp (FRM)


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matahary1956
Posts: 73
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.70
frm
16 Jun '15
Lidl just invested here,200ml just read it now on google finnce.
 
Babbler2
Posts: 18,722
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.25
st6phen
29 May '15
You aren't first posted - LSE playing silly beggers again. Been here on and off. Good share long term. Hard to play it.
st6phen
Posts: 2,174
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.38
.
29 May '15
and another 5 minute trader - amazing
st6phen
Posts: 2,174
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.38
rns
29 May '15
RNS Number : 5769O
Formation Group PLC
29 May 2015
 
Formation Group PLC ("Formation" or "the Group")

 

Interim Results for the Six Months ended 28 February 2015

 

The Group is pleased to announce its interim results for the six months ended 28 February 2015. Formation Group is now predominately a property development and project management company providing professional services to its clients within this sector.

`

HIGHLIGHTS

 

·      Revenue from continuing operations of £10.78 million (2014: £3.23m).

·      Operating profit from continuing operations of £0.266 million (2014: £0.145m loss).

·      Cash position as at 28 February 2015 of £1.707 million (31 August 2014 £0.328m).

·      Completed on acquisition site for development 159-161 Iverson Road, London utilising £2.408 million of funds from repayment of its investment in J V Finance Ltd.

·      Received £1.551 million further cash repayment from its investment in J V Finance Ltd.

 

 

Post Period End Events

·      Balance of £1.268 million, of the £6.229 million due was received from J V Finance Ventures Limited. .

·      Addition of two further experienced directors to the board.

 

Outlook

·      The Group is trading in line with management's expectations and the board remains confident about the Group's prospects for the remainder of the year. 

 

 

 

Enquiries:

Formation Group Plc:

 

David Kennedy; Chief Executive Officer - 020 7920 7590

 

NOMAD to Formation Group Plc:

 

Zeus Capital Limited - 0161 831 1512

Ross Andrews

Andrew Jones

 

 

 

Chairman's Statement

 

 

I am pleased to report the Group's results for the six months ended 28 February 2015.

 

Since the period end the balance of £1.268m due to Formation from J V Finance Limited has been received. The group turnover has grown materially due to its increasing order book on Project Management contracts. Additionally, Formation has now completed on the purchase of the Iverson Road development as previously announced. The board believes that the future prospects of the group will be materially enhanced by property development on its own or via joint venture agreements as such potential opportunities are actively sourced.

 

 

William O'Dea

Non-Executive Chairman

29 May 2015
st6phen
Posts: 2,174
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.13
.
29 May '15
Amazing. Someone bought and sold 5 minutes later. Good god
st6phen
Posts: 2,174
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.70
.
29 May '15
1st poster. Lovely rns. Anyone invested here?
akramms
Posts: 361
Off Topic
Opinion:No Opinion
Price:2.55
Significant Revenue Interims £..
12 May '15
Revenue

2013 Interim: £2,359,000 --- 2013 Final: £5,849,000
2014 Interim: £3,228,000 --- 2014 Final: £7,941,000
2015 Interim: Alone expected to exceed £10,000,000+
BePrepared
Posts: 17
Observation
Opinion:No Opinion
Price:2.90
Results 30th May
12 May '15
Are they really going to publish the accounts on a Saturday?
Distinctly odd.
Babbler2
Posts: 18,722
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.08
lol
12 May '15
Still no posts... guess its not a risky miner. Waiting for speeding ticket here...
Babbler2
Posts: 18,722
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.20
well
12 May '15
Started the week at 1.8p - no posts... how strange. Finally re-rating?





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