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As far as i can see the results were published end of April. So what is the cause of the rise today then?
Thats in the past...we all need to look forward to this Year. See Statement below: Charles-Henri Sabet, Chief Executive Officer said: "The Group starts the new financial year transformed. We have been successful in the integration of our new technology and are in the process of migrating our client base which we expect to be completed by the end of May. This "brand new" LCG is centered on a new cutting-edge online trading platform and an enhanced marketing programme. We are already beginning to see the benefits and have made a strong start to 2016. I believe that all the elements are now in place for the Group to return to sustained growth
LCG http://Spreadex.com offered to buy out at 30p per share but LCG declined. Can history repeats itself?
LONDON CAPITAL GROUP HOLDINGS PLC ORD 10P Bid 8.25p Offer 8.50p could smash 10 p in next hour i reckon
AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015 Financial Highlights · Adjusted loss before tax1 from continuing operations of £13.9 million (2014 restated: profit £1.2million) · Statutory loss before tax from continuing operations of £14.5 million (2014 restated: £7.7 million) · Statutory loss after tax from continuing operations of £14.9 million (2014 restated: £7.8 million) · Revenue from UK financial spread betting ("FSB") and contracts for difference ("CFD") down 21% to £15.3 million (2014: £19.4 million) · Revenue from continuing operations decreased 32% to £15.5 million (2014 restated: £22.7 million) · Net cash and short term receivables2 of £16.1 million at year end (2014 restated: £32.9 million) including amounts due from brokers £3.7 million (2014: £6.1 million)
everyone missing this rise 22p in cash guys versus 8p
+51%
London Capital Group – Controversial Loan Notes provide potential buying opportunity - Align Research http://www.alignresearch.co.uk/equities/london-capital-group-controversial-loan-notes-provide-buying-opportunity/
huge discount to cash in bank should be nearer 26P
+42%
Whoosh +30% four times cash in bank. Year high of 27p. Currently 6.75.p
More regulatory capital needed...never mind what RJ says.
RICHIEBOY666 Blogpost still got enough money and know how to save this venture, but in my opinion this year is there last chance to do it !! GLA.
A year ago...ceo says a brand new LCG and growing the company.
On a nice upward trend..results next week.
Anyone still in here?
While the net numbers do not look that good it is interesting to see that 'revenue' for the second half of 2015 increased from around £5m to nearly £10m This did not create a profit but there were a number of one off costs in H2 that will not be repeated. The sales trajectory coupled with falling costs may well surprise for H1 2016 But, I am long and so might be falling into the trap of talking my book..
Understood, Cheers
Net cash and receivables 17 million is the full amount in cash and owing but the brokers will have accounts , any big wins by them will come off that figure. If you look back through the previous results they have had much bigger broker receipts and still failed miserably at the year end.This company was a competitor to IG at one time and also a big takeover target who would believe it now !!!
Quick question; does ' Net cash resources and amounts due from brokers amounted to £17m at 31 December 2015' mean cash and trade recevables total 17m, or will TR's be counted separately? At the half year cash was 13m and TR 13.4m, so either
saloon for all of us !! Make or break over the next 18 months . You never know Henry might come good ??
not exactly helped by the CEO (having lost £9m in six months) then goes out and buys himself a company car... A Bugatti