Öl um Falkland >Zukunftsinvestition? FIH PLC ehemals Falkland Islands Holding - Die letzten 30 Beiträge

[Andrija]

Summary of the 2023/24 tourism season

Beste Touristensaison aller Zeiten. Das können nur gute Zahlen für das abgeschlossene Geschäftsjahr werden. Unerklärlicher Kurs.

[Andrija]

The government is getting the Falkland Islands ready for oil

vom 12.04.2024

[Andrija]

So langsam kommt Schwung in die Falklands

RNS Number : 5456F

Harland & Wolff Group Holdings PLC

05 March 2024

This announcement contains inside information.

5 March 2024

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

Award of Preferred Bidder Status for the Falkland Islands Port Replacement Project

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce that it has been awarded preferred bidder status for the Falkland Islands Port Replacement Project ("FIPASS") by the Falkland Islands Government.

Subject to agreeing final contract pricing and concluding commercial negotiations, the Directors believe that this project could generate total revenues between £100 million - £120 million over a two-year period, with works on the project expected to commence this year. The FIPASS project involves the build, transport and installation of four floating pontoons of approximately 90 metres each in the Falkland Islands. Conditional on the award of the final contract, the Company intends to spread the work across its multiple facilities in order to provide optionality and de-risk the fabrication of these pontoons.

The Company will make a further announcement upon formal execution of the contract.

John Wood, Chief Executive Officer of Harland & Wolff Group of Companies, comments: "Following a competitive bid process, I am delighted that the Falkland Islands Government has selected Harland & Wolff as preferred bidder for this project. The Company enjoys an excellent relationship and a rich heritage with the Falkland Islands given that Harland and Wolff built the six linked barges which make up the existing port facility 45 years ago. I look forward to working closely with the Falkland Islands Government and bringing this contract to fruition."

Auch:
https://www.telegraph.co.uk/business/2024/03/05/titanic-ship…

[Andrija]

Falklandinseln: Der Ölkonzern Navitas organisiert Betriebsworkshops für 2025

https://es.mercopress.com/2024/02/21/falklands-petrolera-nav…

[Andrija]

Inselfernsehen

https://fitv.co.fk/?_gl=1%2Ax05ku7%2A_up%2AMQ..%2A_ga%2AMTk0…

[Andrija]

Merker: I am pleased to announce an interim dividend of 1.25 pence per share (2022: 1.25 pence per share) which will be paid on 12 January 2024 to shareholders on the register at the close of business on 1 December 2023.

[Andrija]

Der übertriebene, wenn auch umsatzarme Absturz, beruht vermutlich auf ein Missverständnis.

Die Halbjahresergebnisse 2023 waren eigentlich super, besser als in 2022. Nur der Gewinn vor Steuern geht vermeintlich verglichen mit 2022 stark runter:
https://www.fihplc.com/download/2023/11/FIH%20group%20Interi…

Eigentlich ist aber nur das Jahr 2022 korrigiert worden, also eine nachträgliche Gewinnverbesserung durch eine nachträgliche buchhalterische Änderung für 2022:
"Prior period amounts relating to profit before tax were restated following a reassessment of the criteria for hedge accounting. Hedge accounting was discontinued from 1 January 2022, resulting in a credit of £1.3m to the prior period profit and loss (comprising a £1.7m credit to net finance income and a £0.4m charge to tax expense) which was previously accounted for in the hedging reserve"

Schaut man sich die ursprünglichen Halbjahresergebnisse 2022 an, wird deutlich wie gut 2023 läuft:
https://www.fihplc.com/download/2022/12/interim_results_six_…

[Andrija]

Antwort auf Beitrag Nr.: 74.360.891 von Andrija am 22.08.23 14:21:51

To declare a final dividend of 5.30 pence per ordinary share in respect of the financial year ended 31 March 2023 to
be paid on 31 October 2023 to the holders of ordinary shares on the register of members at the close of business
on 29 September 2023. Information on the Company’s Dividend Reinvestment Plan can be found in note 11 on
page 8.

[Andrija]

FIH's annual general meeting on 28 September 2023.

[Andrija]

For our spanish speaking friends...

Offenbar ein neuer Goldrausch auf den Falklands nachdem wir hier vor 20 Jahren schon einmal gescheitert sind. Egal, Hauptsache es sorgt für Traffic auf der Insel und FIH hat Kundschaft.

https://noticiasholisticas.com.ar/oro-en-malvinas-empresa-br…

[Andrija]

Antwort auf Beitrag Nr.: 74.272.368 von Andrija am 07.08.23 12:13:08

https://www.janser-holding.ch/VERWALTUNGSRAT.htm

[Andrija]

Sehr gute Ergebnisse und Dividendenerhöhung

Final Results
FIH, the AIM quoted international specialist services group with businesses in the Falkland Islands and the UK, is
pleased to announce the Group’s audited results for the year ended 31 March 2023 ("the period").
Highlights
• Revenue up 31% to £52.7 million (2022: £40.3 million) and underlying pre-tax profit up 39% to £3.2 million
(2022: £2.3 million), with improvements in all divisions.
• Pre-tax profit of £4.0 million (2022: £2.7 million as restated*) including non-trading items.
• Net cash flow from operating activities up 47% to £7.5 million (2022: £5.1 million).
• Underlying earnings per share of 20.1p (2022: 9.5p).
• Strong balance sheet at 31 March 2023 with cash up £3.2 million to £12.8 million (2022: £9.6 million) and net
debt (cash and cash equivalents less bank loans) improving by £4.1 million to £0.5 million (2022: £4.6 million).
• A final dividend of 5.3 pence per share will be proposed at the Annual General Meeting, taking the total dividend
for the year to 6.5 pence per share (2022: 3.0 pence per share).

https://www.fihplc.com/download/2023/08/FIH%20Group%20Plc%20…

[Andrija]

FIH Group plc Appoints Holger Swen Schröder as a Non-Executive Director, Effective 1 June 2023

May 26, 2023 at 03:57 am
Share
FIH Group plc announced the appointment of Holger Swen Schröder as a non-executive director of the Group with effect from 1 June 2023. Holger has over 28 years' experience gained in a variety of predominantly Swiss companies, most recently as the CFO and a board member of Janser Group, a family owned real estate and investment business based in Switzerland, where he has been for the last six years. Janser Group controls 12.6% of the ordinary share capital of FIH (which comprises 1,451,998 shares in FIH held by Janser Group and a further 125,327 held personally by Martin Janser).

The Board also intends to appoint an independent non-executive director to replace Robin Williams, who steps down in September, and this search is underway.

[Andrija]

The Falkland Islands: a remote territory of great climate importance

https://yorkshirebylines.co.uk/news/world/the-falkland-islan…

[Andrija]

FIH erwartet Gewinnsteigerung für das Gesamtjahr aufgrund eines starken zweiten Halbjahres

https://ch.marketscreener.com/kurs/aktie/FIH-GROUP-PLC-25600…

[Andrija]

https://www.energyjobline.com/job/strategic-finance-advisor-…

[Andrija]

Antwort auf Beitrag Nr.: 72.538.300 von pickuru am 07.10.22 13:59:35

Ja lebt denn der alte Holzmichel noch?

[pickuru]

A new oil boom in the Falkland Islands

https://www.undervalued-shares.com/weekly-dispatches/a-new-o…

[Andrija]

Falklands’ black gold rush might at last be a reality

Saturday, July 23rd 2022 - 22:49 UTC

By Dominic O’Connell, The Times- Head north from the Falkland Islands, across the South Atlantic waves where albatross wheels and whales sound, and you pass over what could be a big new oil province — a significant source of hydrocarbons controlled not by sheiks or oligarchs, but by the United Kingdom.

The Falklands might seem an odd candidate to become an energy powerhouse. The likely presence of commercial quantities of oil has been known for decades, yet successful development has always seemed improbable. The Islands were too remote, the weather too inhospitable, the cost too high.

Now, however, the odds are shortening. The Sea Lion field, which has been an on-again, off-again prospect since oil was discovered there 12 years ago, is on again. Rockhopper, the exploration venture that found it, has struck a development deal with Navitas, an Israeli oil company with a reputation for bringing difficult prospects into production.

Its chief executive, Gideon Tadmor, was an influential figure in the opening up of the eastern Mediterranean as a big new source of gas, and the company recently completed a deal to develop the Shenandoah field in the Gulf of Mexico, which had previously been discounted for being in water too deep with well pressures too high.

“We are closer than we have ever been to it actually happening,” says Ashley Kelty, senior oil and gas analyst at the stockbroker Panmure Gordon, who made the trip to the Islands to examine the project when it last looked likely to happen.

“It will transform the economy of the Falkland Islands,” says Sam Moody, Rockhopper’s chief executive. “And it is big enough to make a difference to the security of the UK’s energy supply.”

Argentina, which has denounced oil and gas exploration in Falklands waters as illegal because of its territorial claim to the Islands, remains implacably opposed. Environmental campaigners have in the past also objected, although a local wildlife charity is not calling for a blanket ban.

If all goes according to the Rockhopper plan, and there are regulatory hurdles still to overcome, including a sign-off in Westminster, a final investment decision could be taken in two years’ time.

The Falklands has been the next big thing in oil several times in the past. Industry giants, including Shell, explored without luck in the 1990s, and there was a flurry of interest around 2010 when a rapidly-rising oil price sparked a prospecting rush.

A gaggle of Aim-quoted explorers nicknamed the “sheikhs of the South Atlantic” — including Desire Petroleum, Falkland Oil and Gas, Argos Resources, Borders & Southern and Rockhopper — raised money from investors eager to believe that riches awaited. It was a febrile atmosphere; comments on investor bulletin boards at the time showed many who bought the shares believed Britain’s willingness to fight to reclaim the Falklands from Argentine invasion in 1982 was proof enough that large quantities of oil would be found.

After that rush of activity, however, the oil price dropped and market interest fell. Rockhopper, a tiny company headquartered in a Wiltshire farmhouse, is one of those to have stayed the course, and has the license not only for Sea Lion but other potential fields.

Moody, who is Rockhopper’s co-founder as well as its chief executive, first got involved in 2004 after having conversations with Richard Visick, the one-time owner of Weddell Island, the third-largest in the Falklands. “The acreage that Shell and others had been exploring was coming off license — it was open for someone else to come in. Richard said ‘I think there is an opportunity here’, and we set it up together.”

In 2010 Rockhopper struck oil on Sea Lion, not far from where Shell had been working more than a decade earlier. “They missed it only by about 1,000 meters,” Moody says. The discovery, which is estimated to contain at least 500 million barrels, made Rockhopper a potential target for other oil explorers hungry for promising prospects. It held talks with Cairn Energy before striking a development deal with Premier Oil, a London-listed company with interests in the UK, Mexico and Asia.

Premier paid US$ 231 million upfront for a 60% stake, with the promise to pay another US$ 770 million of development costs. The partners predicted that oil would flow by 2017. It never came to pass, though. The oil price fell, and while Premier and Rockhopper spent money on studies and engineering work on how to bring the field into production, actual development was shelved.

Premier was distracted by problems at other fields and a shaky balance sheet. In March last year it merged with another medium-sized oil company, Chrysaor Holdings, with the combined company renamed Harbour Energy.

Harbour was less interested in the Falklands, and in December it withdrew, with Navitas taking its place. When the deal closes the Israeli company will take a 65% share of the field, with Rockhopper keeping 35%. Rockhopper raised US$ 10 million this month to help to fund its side of the agreement.

Tadmor, who has separate interests in film production, including the 2016 movie Norman, starring Richard Gere, said that the Israeli group had been tracking the Sea Lion field for some time. “We were interested going right back to when Premier got involved,” he said. “It is a perfect fit for us. We like situations where there are challenges, and we have a track record of making things work in difficult places.”

According to Tadmor, much of the hard work has already been done. “Premier and Rockhopper together have spent a lot of money on the development. We will refine the production concept, but basically we see this as getting an asset which is already a long way down the road.”

Navitas also brings access to an interesting source of funds: Israeli investors, who Tadmor says are eager for more access to oil and gas assets. He dismisses opposition to new oil and gas fields on climate change grounds.

“The truth is that the transition from hydrocarbons to new sources of energy is going to take much longer than people think, and in the meantime we will need new sources of oil and gas.”

He is also relaxed about Argentina’s denunciations. “We are aware of the conflict, but it is a UK territory.

“Our experience in the eastern Mediterranean makes me believe that oil discoveries are positive developments — if we do well then other oil companies, even the majors, will come to the Falklands.”

Both Moody and Tadmor are, understandably, keen to stress the impact that oil production could have on British energy security. “This could be big enough to replace all the oil imports the UK has from Russia,” Moody says.

It will also be a big deal for the Falklands economy.

The Falkland Islands government — there is a newish administration in place after elections that took place in November last year — will take a 9% royalty on each barrel produced, and will also charge corporation tax on the Sea Lion operations.

“Depending on what your assumption is about the oil price, that is a giant amount of money for the Islands,” Moody says, while Tadmor estimates that the first phase could triple the Falklands’ gross domestic product at a stroke.

In a statement, the Falkland Islands government said that it supported oil production “provided it is done to the necessary standards”. It said it was too early for definitive plans on how oil revenues would be used. “However, the Falkland Islands have significant infrastructure renewal requirements,” a spokesman said.

Esther Bertram, chief executive of Falklands Conservation, a charity that is devoted to protecting the Islands' wildlife, said that the group did not oppose all oil development but wanted additional environmental safeguards, including new laws, protection for inshore waters and funds in place for any remedial work required.

”I think it will be quite interesting to see what happens because in the recent elections many voters talked about the environment being one of the big issues for them,” she said.

While some Falkland Islanders may hope that the deal with Navitas will bring their dream of riches closer, others will remember that much has been promised before, and that much hangs on the oil price. Rockhopper and Premier calculated that the Sea Lion field had a break-even cost of about US$ 40 a barrel, well below the current US$100-plus.

“I think there is a much higher chance of it happening than at any time in recent years,” said Werner Riding, oil and gas analyst at Peel Hunt, Rockhopper’s broker. “It will have a motivated new operator in Navitas, and they should be able to finance it. It is a good-sized resource and by the time they reach the final investment decision they will have confidence on proven reserves. At a US$100 oil price it is definitely bankable.”

https://en.mercopress.com/2022/07/23/falklands-black-gold-ru…

[Andrija]

Hatte die guten Zahlen vom 05.07.22 vergessen:

FIH group plc
("FIH" or the "Group")

Final Results
FIH, the AIM quoted international specialist services group with businesses in the Falkland Islands and the UK, is
pleased to announce the Group’s audited results for the year ended 31 March 2022 ("the period").
Significantly Improved Cash-Backed Profit as Trading Continues to
Move Towards Pre-Pandemic Levels

Highlights
 Revenue increased by £7.7 million (24%) to £40.3 million (2021: £32.6 million) with trading continuing to head
towards pre-pandemic levels.
 Pre-tax profit of £2.0 million (2021: £0.2 million).
 Underlying pre-tax profit of £2.3 million (2021: £0.1 million) despite COVID-related government support
reducing to £0.5 million (2021: £1.8 million).
 Results underpinned by net cash flow from operating activities of £5.1 million.
 Underlying pre-tax profit of £1.8 million in the Falkland Islands Company (“FIC”) is consistent with the year
ended 31 March 2021, despite a second year without tourists.
 Momart and the Portsmouth Harbour Ferry Company (“PHFC”) both delivered much improved performances
as trading activity continued to recover.
o Momart delivered an underlying pre-tax profit of £0.6 million (2021: £0.5 million loss).
o PHFC delivered an underlying pre-tax loss of £0.1 million (2021: £1.2 million loss).
 The Group balance sheet remains strong with underlying cash as at 31 March 2022 in line with prior year at
£9.6 million (after adjusting for the repayment of £5.0 million CBILS loans).
 Good progress on the £17.3 million contract, awarded to FIC in November 2021, to build 70 houses for the
Falkland Islands Government (“FIG”) and the UK Ministry of Defence (“MOD”) and further opportunities to work
with FIG and the MOD are being explored.
 The value of Momart’s property in Leyton has risen substantially since acquisition.
 A final dividend of 2.0 pence per share will be proposed at the Annual General Meeting, taking the total dividend
for the year to 3.0 pence per share (2021: nil).

Post Year-End
 The Falkland Islands re-opened to tourists from 4 May 2022.
 John Foster stepped down as Chief Executive on 14 April 2022 and was succeeded by Stuart Munro, who was
previously the Chief Financial Officer. Progress is well advanced towards securing a replacement CFO.

[Andrija]

Ein bisschen Geschichtsunterricht

https://www.fiassociation.com/article/814/argentine_business…

[Andrija]

Bin sprachlos! Rund 1,5% der Aktien

Aktien Kursdaten
Börse London Stock Exchange
Aktuell 230,05 GBp
Zeit 15.11.21 16:17
Diff. Vortag +0,02 %
Tages-Vol. 43,41 Mio.
Gehandelte Stück 188.719

[Andrija]

RNS Number : 8596R

FIH Group PLC
10 November 2021


Results for the Six Months Ended 30 September 2021

FIH, the AIM quoted Group that owns essential services businesses in the UK and Falkland Islands, is pleased to announce its unaudited results for the six months ended 30 September 2021 ("the period"). Comparisons shown below are for the same period in 2020 unless otherwise stated.

Return to Profitability and Dividend List

Highlights

· Group revenue increased by 20% to £17.3 million (2020: £14.4 million) reflecting a markedly better performance from the UK based businesses and a continued good performance from the Falkland Islands Company ("FIC");

· Pre-tax profit of £0.4 million (2020: loss of £0.2 million) with trading improving alongside the lifting of restrictions in the UK and significant scope for further improvement;

· Passenger numbers rising again for Portsmouth Harbour Ferry Company ("PHFC") as people return to offices, and following cost savings from a 25% reduction in headcount last year, PHFC is expected to continue its recovery;

· Much improved performance from Momart despite sections of the art world still largely shut and assuming the gradual reopening continues, further improvement is anticipated;

· Strong cash position of £8.0 million as at 30 September 2021; and

· Return to the dividend list with the payment of an interim dividend of 1.0 pence per share.

Outlook

· Direction of travel encouraging across all three divisions with the potential to accelerate further;

· Balance sheet strength continues to underpin trading position and provide strategic flexibility; and

· Overall, the outlook is positive as reflected in the Board's decision to re-instate the dividend.

John Foster, Chief Executive, said:

"We have three good businesses and when conditions permitted, the Group quickly returned to profitability. Our financial position is strong and customer activity is heading back towards pre-pandemic levels. We are also benefitting from the actions taken last year to reduce our cost base, whilst continuing to invest in areas where we see opportunities. We expect the progress demonstrated in the Group's first half results to continue as we move into the traditionally stronger second half."

Chairman's Statement

I am pleased to report further progress in the Group's recovery from the adverse effects of the coronavirus. FIH's UK operations saw a slow return towards more normal trading as lockdown restrictions were finally lifted in England in late July 2021 whilst the Falkland Islands Company ("FIC"), which has been much less affected by COVID-19, maintained its healthy profitability in the traditionally quieter austral winter.

A detailed commentary on the results is provided in the Chief Executive's Review but in overview, although demand has not yet fully returned to pre-COVID levels, profitability improved across the Group despite a marked reduction in the level of financial support from the UK government's furlough scheme allowing the Group to produce a pre-tax profit of £0.4 million for the six months ended 30 September 2021 compared to a loss of £0.2 million in the same period last year.

In April 2021, the Group took steps to further strengthen its executive team with the recruitment of an experienced Chief Financial Officer, Stuart Munro, and in the Falkland Islands, an experienced executive was recruited to further develop FIC's construction and infrastructure activities and its ability to deliver larger more complex projects.

Provided there is no recurrence of lockdown restrictions, we expect to see further improvement in the Group's traditionally stronger second half, reinforced by a continuing return to more normal patterns of business and client activity.

Once again, our staff have shown great resilience and dedication, applying considerable skill and devotion to the needs of our customers, so I would like to thank them on behalf of the Board for all their efforts.

Reflecting the Board's confidence in the underlying resilience of the Group, its return to profitability before taking into account Government support and its ability to recover from the effects of the pandemic, the Board is announcing the resumption of dividends with the payment of an interim dividend of 1.0 pence per share which will be paid on 14 January 2022 to shareholders on the register at the close of business on 3 December 2021.

The Group has a Dividend Reinvestment Plan ("the Plan") that allows shareholders to reinvest dividends to purchase additional shares in the Group. For shareholders to apply the proceeds of this and future dividends to the Plan, application forms must be received by the Group's Registrars by no later than Wednesday 22 December 2021*.

Firm progress has been made in the past six months and with the benefit of a lower cost base following the necessary restructuring activity seen last year, steadily recovering demand, and a strong balance sheet, the Board looks to the future with confidence.

Robin Williams
Chairman
10 November 2021

[Andrija]

Antwort auf Beitrag Nr.: 68.698.760 von honigbaer am 06.07.21 12:27:26

Nun ja, 10%. Frankfurt berücksichtigt ja auch die Taxkurse in London.
Ne, überraschend leider nicht. Hätte deswegen vorher trotzdem Teile meiner neuen Positionen räumen können. War klar, dass in London niedriger getaxt wird. Gehandelt wird ja eh kaum.
Momart macht fast ausschließlich die Logistik für Kunstausstellungen und Museen. Da war ja coronabedingt wenig möglich.
FIH hat nur die Gewerbeimmobilie für Momart gekauft. Ansonsten lief das Immogeschäft auf den Falklands gut.
Die RNS ist recht ausführlich. Auf der FIH-Internetseite kommt aber auch alles mit Verzögerung. Hat offenbar nicht oberste Priorität der Internetauftritt. Die Ankeraktionäre bleiben ja eh.

[honigbaer]

Der Kurs ist doch gar nicht groß gefallen, sowieso nur ein Miniumsatz zu 238 GBP heute.
Die Zahlen sind nicht besonders überraschend, vom Kunstgeschäft hätte man vielleicht mehr erwarten können, das brummte doch eigentlich durch die "Sachwertspekulation".
Hat FIH nicht auch Vermietungsgeschäft mit der Gewerbeimmobilie?
Oder wird das alles von Momart genutzt.
Da muss man mal auf den ausführlichen Bericht warten.

[Andrija]

Will nicht die ganze RNS reinkopieren.

Keine Dividende aber schwarze Null. Wie erwartet läuft es nur auf den Falklands und bei Momart und der Fähre wegen der Pandemie nicht. Man hätte das natürlich für einen vorzeitigen Verkauf und einen Nachkauf nach der Meldung nutzen können (zumindest für die steuerfreien Stücke). Hätte, hätte...

Tue, 6th Jul 2021 07:00
RNS Number : 2445E
FIH Group PLC
06 July 2021


FIH group plc

("FIH" or the "Group")

Final Results

FIH, the AIM quoted Group that owns essential services businesses in the UK and Falkland Islands, is pleased to announce its final results for the year ended 31 March 2021 ("the period").

Remained Profitable and Maintained Strong Cash Position despite COVID -19

Highlights

· COVID-19 substantially reduced Group revenue to £32.6 million (2020: £44.6 million) with the fall in sales relating primarily to UK operations reflecting the impact on trading from seven months of lockdowns during the period

· Despite this, the Group still managed to record a profit before non-trading items at the pre-tax level of £0.1 million (2020: £3.7 million) with profits from the Falkland Islands Company ("FIC") offsetting losses incurred in the UK

· FIC maintained healthy profit levels helped by less disruption from the pandemic and despite the absence of tourist revenue

· In the UK, the fixed costs of the Portsmouth Harbour Ferry Company ("PHFC") resulted in this business being the hardest hit whilst Momart, which retained revenues from art storage, was able to mitigate some of the impact from COVID-19

· To manage the impact of the pandemic and accelerate the ability of the Group to recover, restructuring plans were completed which are expected to generate ongoing annual cost savings of £1.6 million

· The Group maintained a strong underlying cash position of £9.6 million as at 31 March 2021, which excludes £5.0 million of cash from UK Government loans which have now been repaid (31 March 2020: £9.1 million)

· Given the sacrifices made by staff, the use of UK Government assistance and the continuing challenges for UK trading as a result of the pandemic, no dividend is being recommended for the period; the position is being kept under review and the Group will resume the payment of dividends when profitability has been clearly re-established



Post Year-End

· UK businesses recovering and in time, expected to return to pre-pandemic trading levels and growth

· Falkland Islands remain COVID-19 free and FIC well placed for future growth

· Lowered cost base is expected to aid speed of recovery

· Executive management team strengthened with appointment of CFO, Stuart Munro, in April 2021



John Foster, Chief Executive, said:

"Given the cessation of trading imposed by COVID-19 during the period, the Group has performed resiliently and come through the pandemic so far in good shape. All three businesses are fundamentally sound and are either steadily recovering or in the case of FIC well placed to grow. Underpinning the Group is a sound financial base with high levels of cash which is further supported by the value of Momart's freehold property. There are opportunities to expand organically which are being pursued by the respective management teams at each division and there are also opportunities to accelerate scale and growth through acquisition. We are therefore optimistic about the future as markets steadily reopen and eventually return to pre-COVID levels. The board looks to the future with confidence."

[Andrija]

Antwort auf Beitrag Nr.: 68.020.286 von honigbaer am 02.05.21 15:25:53

Da hast liegst Du hoffentlich richtig. Ich mag nur dieses Gemischtwarenladengedöns nicht. Davon profitiert i.d.R. selten der Kurs. Und hier im Speziellen würde ich mir schon wünschen, dass die Rücklagen für die Falklands verwendet werden. Selbst wenn das mit dem Öl dauert, denke ich schon, dass die Inseln einen stetigen Bevölkerungszuwachs verzeichnen werden. Hier hat man eigene Experten vor Ort, da brauche ich keinen CFO aus dem Unternehmensberaterdunstkreis. Aber schon klar, das ganze Management hängt in London ab und will vor Ort mitspielen.

Es wäre mal spannend eine HV mitzumachen und zu schauen, ob die "großen" Ankeraktionäre da bestimme Vorstellungen artikulieren. Die sind sicher nicht wegen der bunten Neuakquisitionen dabei. Ich habe manchmal eher den Eindruck keiner kümmert sich so richtig und das Management macht dann sein eigenes Ding.

[honigbaer]

Würde ich gar nicht so negativ sehen.
Der Immobilienkauf war meines Erachtens eher ein langweiliges Investment und wenn man nun durch Akquisitionen (Transport, Kunst?) wachsen möchte, muss das nicht schlecht sein. Problem ist natürlich immer, dass man nicht zu hohe Preise zahlen darf, wenn man zukaufen will.

[Andrija]

Bei der Marktkapitalisierung eher ein weiterer Kostgänger

FIH Group plc
("FIH" or "the Group")

Appointment of Chief Financial Officer

FIH group plc, the AIM quoted international group which owns essential services businesses focused on retail, transport and logistics is pleased to announce the appointment of Stuart Munro as Chief Financial Officer with effect from 28 April 2021.

Stuart qualified as a chartered accountant with Ernst & Young and has worked as a divisional finance director in number of UK companies since 2000 including Balfour Beatty, Alfred McAlpine Infrastructure Services and FirstGroup as well as Transport for London. Since 2015, Stuart has provided strategic, financial and operational consultancy to a number of medium sized Private Equity backed services companies across a variety of sectors. This recent role has included extensive acquisitions experience.

With his wide commercial and financial experience Stuart will assume responsibility for FIH group's financial affairs and will assist CEO John Foster in delivering the group's acquisition led growth

Robin Williams, Chairman of FIH Group plc, commented:

"I am delighted that Stuart has agreed to join the Board of FIH. His experience working across a wide range of sectors and his financial expertise will be invaluable as we accelerate work on identifying and executing opportunities for the strategic growth of FIH."

[Andrija]

Schwarze Null

RNS Number : 8903U
FIH Group PLC
09 April 2021
FIH group plc
("FIH" or "the Group")

Full Year Trading Update

FIH group plc ("FIH", "Group"), the AIM quoted international specialist services group with businesses in the Falkland Islands and UK, provides an update on the Group's expected trading performance for the year ended 31 March 2021.

Full Year Trading

Trading in the second half remained challenging for the UK businesses, with a full national lockdown in four of the six months of trading. However, the Group's Falkland Islands operations traded well, resulting, subject to audit, in an overall Group breakeven result, before exceptional items, for the full year. The emergence of the UK from lockdown restrictions will benefit the UK businesses, particularly Momart when the galleries and museums begin to reopen, and more generally the Portsmouth Harbour Ferry.

The Group's cash position remains strong with cash balances at 31 March 2021 of over £14 million. Bank borrowings at 31 March 2021 were £20.2 million (£20.6 million at 30 September 2020), including a £5 million interest free CBILS loan, (taken out as a precaution and to be repaid, in full, in June 2021), and a £13.2 million long-term mortgage on a freehold property at Leyton purchased in December 2018 for £19.6 million.

Decisive action was taken to mitigate costs and this, together with sacrifices made by staff through voluntary pay cuts, helped prevent the significant losses that might otherwise have arisen. Notwithstanding this, COVID-19 substantially reduced the expected profitability of the Group and in the circumstances the Board will not be recommending a final dividend. Resumption of dividends will be considered when the pandemic has receded and sustainable profitability has been restored.

Looking to the future, the financial position of the Group remains strong. The Group is well placed to invest in the growth and recovery that the Board is confident will occur in the new financial year. The Group's operating businesses remain fundamentally healthy and capable of both recovering to pre-COVID levels and delivering further growth. In addition, the Board continues to search for acquisitions to add further scale and value to the Group and recruitment of an experienced CFO to further strengthen the executive management team is at the shortlist stage.