The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Johnski its a bit like the independance argument for Scotland and Wales. Where is the money coming from. Its isnt enough to tax the rich. Tony Blair has 20 companies that pay each other and hence he pays no tax.....it will always be the little guy...
From last trading RNS
Outlook[1]
The outlook statement for the current financial year ending 31 December 2021 takes into account the status of the initiatives disclosed to the market via previous RNS announcements published by the Company.
As result of internal analysis, the Board of Directors expects to generate consolidated revenues for the year ending 31 December 2021 in the range of GBP3.8m - GBP4.9m. In developing this outlook statement, the Board of Directors has considered the proposed fees that will be charged by the Group for the year ending 31 December 2021 and only has only included those which are expected to meet the criteria for revenue recognition in 2021 in line with IFRS 15. As a result, the Board of Directors expects a further similar amount in the range of GBP3.9m - GBP4.9m to be deferred and recognised as revenue in the year ending 31 December 2022.
The expected consolidated revenues for the year ending 31 December 2021 and the deferred revenues include both IA and C.IM revenue streams. Approximately 56% of the total of the expected C.IM revenue for the year ended 31 December 2021 and the deferred C.IM revenue relate to monitoring, controlling and reporting services, which are post-IM activities as stated above. Due to the features of the Group service model, this portion of the C.IM revenues are expected to be recurring over an indicative multi-annual period of 3 years.
Given the following initiatives are currently in progress and have not yet been finalised, the Board of Directors have not included any potential positive impacts of these initiatives in the outlook statement set out above:
-- Captive Bank funding; -- Deployment of the International Chamber of Commerce ("ICC") partnership; and -- Execution of Shariah compliant inventory monetisation transactions.
The Company aims to present its updated Strategic Plan for the period 2022-2025 within the course of the existing financial year.
Youtune link if you want to watch again.
https://youtu.be/LDcuQ5BrikE
https://twitter.com/QuadrivioGroup/status/1440646975850893317?s=19
Link if yours doesnt work
https://event.webinarjam.com/live/1233/8vvlqby1lh05mi5gkavozq