Öl um Falkland >Zukunftsinvestition? FIH PLC ehemals Falkland Islands Holding (Seite 15)

[keith]

1 Capital Reorganisation

Background

The Company currently has 2,139 Shareholders. Of these, 1,629 Shareholders have registered holdings of less than
1,000 Ordinary Shares, representing some 76 per cent of the total number of Shareholders but less than 3 per cent
(369,806 Ordinary Shares) of the total Ordinary Shares in issue (12,431,623 Ordinary Shares). The majority of these
shareholdings date back to 1998, when shareholders in Anglo United PLC received 1 share in Falkland Islands Holdings
PLC for every 300 shares they held in Anglo United. As a result, the Company has a disproportionately large number of
shareholders holding very few shares.

The large number of shareholders results in significant costs to the Company. The Board believes that it is not in the
Company’s best interests to continue to bear these costs.

Accordingly the Board proposes to buy back the Fractional Entitlement to a Consolidated Share which will accrue to
the Small Shareholders without any transaction cost being charged to the shareholder. This will benefit the Small
Shareholders who may have considered selling their Ordinary Shares but decided not to do so due to the disproportionate
dealing and administration costs relating to such a sale.

However any Small Shareholders wishing to retain their shareholding may do so, by completing the enclosed Form of
Election.

As at the close of business on 14 December 2015 being the last practicable date prior to the publication of this
document, a shareholding of 1,000 Ordinary Shares was worth £2,225 at the mid–market price.

It is important to note that the buy-back of Fractional Entitlements will only apply to registered holdings, so if you hold
less than 1,000 shares through a nominee, the buy back will only apply if the total holding of the nominee shareholder
is less than 1,000 shares.


http://www.fihplc.com/download/FICircular.pdf

[Andrija]

21 December 2015

Falkland Islands Holdings plc

("FIH" or the "Group")


Capital Reorganisation

Falkland Islands Holdings plc, the international services group which owns essential services businesses focused on retail, transport and logistics, announces it has today posted to shareholders a circular (the "Circular") containing notice of a general meeting to be held at 2.30 p.m. on 12 January 2016 at the offices of Bircham Dyson Bell LLP, 50 Broadway, London SW1H 0BL (the "General Meeting").

The General Meeting has been called to seek approval for a capital reorganisation involving the consolidation and then sub-division of the Company's share capital and authority for the Company to buy back certain fractional entitlements arising on the consolidation of the Company's share capital (together "the Capital Reorganisation").

The Circular provides shareholders with an explanation of the items of business and explains the action shareholders should take. The timetable associated with the Capital Reorganisation and General Meeting is shown below.

A copy of the Circular will be made available on the Company's website shortly.

EXPECTED TIMETABLE


Latest time and date for receipt of the Form of Election

1.00 p.m. on 8 January 2016

General Meeting

2.30 p.m. 12 January 2016

Record Time in relation to the Consolidation and Sub-division

6.00 p.m. 12 January 2016

Admission of New Ordinary Shares to trading on the London Stock Exchange AIM market

8.00 a.m. on 13 January 2016

CREST accounts credited in respect of New Ordinary Shares

13 January 2016

Cheques dispatched following purchases of Fractional Entitlements

26 January 2016

Definitive share certificates dispatched in respect of New Ordinary Shares

26 January 2016

Ends

http://www.londonstockexchange.com/exchange/news/market-news…

[Humperdinck]

Obacht,
Aktienzusammenlegung 1000:1
Hauptversammlung am 12.01.2016
The General Meeting has been called to seek approval for a capital reorganisation involving the consolidation and then sub-division of the Company's share capital and authority for the Company to buy back certain fractional entitlements arising on the consolidation of the Company's share capital.

[Andrija]

Antwort auf Beitrag Nr.: 50.579.720 von Andrija am 08.09.15 14:35:23

Nachtrag: AGM Trading Statement

http://www.fihplc.com/download/AGM%20Trading%20Statement%200…

[Andrija]

Falkland Islands Holdings Plc (LON:FKL) – Buy
Market Cap: £28m; Current Price: 228.5p;
Satisfactory performance, valuation upside
​FKL’s update this morning highlights a satisfactory performance anticipated for the year. The Falkland Islands business is a beneficiary of the current drilling programme; while Momart’s order book has recovered well, after a slow start in exhibitions. Not surprisingly the timing of the coming stages of Falklands oil development is viewed cautiously. Looking at the business in its totality, however, the striking feature for this analyst is that adjusted for strong cash levels (subtracting c.£6m of net cash), the current market capitalisation significantly underplays the underlying value of the three constituent divisions. Given the negative oil backdrop, depressed sentiment may be understandable; however in addition to the unique asset that is the Falkland Islands Company, the two UK businesses are respectively a market leader and (the ferry) one of a kind. Any of these could command a £15-20m value. We note in addition the upside that may arise from focused and specialist acquisitions.

[Andrija]

Heute ist HV. Die eigene Homepage wie immer mäßig aktuell. News gibt es gleichwohl:

http://www.lse.co.uk/AllNews.asp?code=cg040zzc&headline=Falk…

Falkland Islands Holdings Says Profit Will Fall On Investments
Tue, 8th Sep 2015 10:56

LONDON (Alliance News) - Falkland Islands Holdings PLC Tuesday said that profitability in the first five months of its financial year will be lower than the prior year due to investments it has made to strengthen the infrastructure of the group's operating subsidiaries in the UK.


The owner of services companies in the Falkland Islands and the UK said that lower profitability was as expected and that the group's trading performance was robust in the five-month period.

Retail sales in the company's flagship West Store supermarket in the Falkland Islands in the 22 weeks to August 30 were 2.7% ahead of 2014 levels, it said, while trading activity in the Falkland Islands Co has remained at a high level following the arrival of the Eirik Raude drilling rig in March, it added.

In the UK, the group's art storage business, Momart, experienced a reduction in revenue from museum exhibitions at the start of the year reflecting a lower opening order book at April 1, however this has since recovered and order books at the end of August are now 12% ahead of the prior year, Falkland said.

"The board continues to review options to expand its UK operations through strategic acquisitions that will provide both economies of scale and increased business focus. In the Falklands the significant capital investment undertaken by the group since the discovery of oil in 2010, leaves FIH well placed to take full advantage of the opportunities which will be associated with oil and gas development. The board remains confident that oil will be developed in the Falklands but the timing is likely to be heavily dependent on a recovery in the oil price," Chairman Edmund Rowland said in a statement.

"With oil development activities in the Falklands still awaiting sanction until the oil price recovers and there is a confirmed commitment to proceed to production in the Falklands, the group will focus on the development of its existing UK businesses adding to them where possible by synergistic acquisitions to enhance the scale and reach of the group's operations. A satisfactory trading performance is expected for the full year," he added.

Shares in Falkland were untraded on Tuesday morning, last trading at 225.70 pence.

[Andrija]

...stabile Zahlen. Insbesondere für FIH:

8th June 2015
Falkland Islands Holdings plc
(“FIH” or the “Group”)
Final results for the year ended 31 March 2015
A copy of the Group’s results are also available on the Company’s website.
FIH, the AIM quoted international services group that owns essential services businesses in the Falkland Islands and the UK, is pleased to announce its final results for the year ended 31 March 2015.

Group Financial Highlights
• Group revenue increased 0.8% to £38.56 million (2014: £38.26 million)
• Profit before tax increased 14.4% to £3.89 million (2014: £3.40 million)
• Underlying pre-tax profits flat as expected (-2.4%), at £3.56 million (2014: £3.65 million)
• Reported diluted earnings per share increased by 20% to 25.3p (2014: 21.1p)
• Cash balances increased to £7.4 million (2014: £5.7 million)
• Bank borrowings reduced to £0.7 million (2014: £1.0 million)
• Net cash flow from operating activities, before capital expenditure and after tax payment, increased to a record £6.4 million (2014: £2.8 million)
• The Board is not recommending the payment of a final dividend, in line with strategy to reinvest earnings and cash to accelerate the Group’s growth.

Operating Highlights
Falkland Islands Company (FIC)
• Strong performance with pre-tax profits increasing by 39.4% to £1.56 million (2014: £1.12 million)
• Increased activity due to the Spring 2015 drilling programme
• Uplift in demand for corporate rented houses, hire vehicles, agency services and construction work
• Record squid catch improved confidence and boosted government finances
Momart
• Return to more normal levels of activity, following exceptional levels of activity in the prior year
• Total revenue decreased 16.5% to £15.8 million (2014: £18.3 million)
• Underlying operating profit before tax and before amortisation of intangibles was £1.21 million (2014: £1.76 million)
• Agreement reached with the Company’s landlord to construct new facilities on the East London site to increase storage capacity by 33% (Subject to receipt of final planning permission this is due to come into effect in early 2016)
• Market leader in the UK exhibitions market, involved in installation of prestigious exhibitions such as: Anselm Keifer and Rubens at the Royal Academy; Matisse at Tate Modern; Virginia Woolf at the National Portrait Gallery; and Ming at the British Museum
Portsmouth Harbour Ferry Company
• Revenues increased 4.3% to £4.3 million (2014: £4.12 million)
• Delivery of third modern ferry vessel, “Harbour Spirit” to provide improved passenger experience
• Increase in average ferry fares, to cover increased operating costs of the new ferry, coupled with new fare offerings to stimulate ferry usage

Falkland Oil & Gas Limited (‘FOGL’)
• Gradual divestment of shares in FOGL with sale of 7.8 million shares in March 2015 at a profit of £0.7 million
• Following the year end, in April 2015, the Group’s residual holding of 5 million FOGL shares was sold at a profit of £0.4 million.
• The Group’s decision to liquidate its stake in FOGL reflects the Board’s decision to re-align the portfolio

Edmund Rowland, Chairman of FIH, said:
“This has been a year of significant progress across the Group, and I am pleased to be reporting an encouraging set of results.
“Momart has continued to handle a number of high-profile exhibitions in the UK and internationally in the past year, and is expected to produce renewed progress with planned strategic improvements across the business over the next financial year.
“The Portsmouth Harbour Ferry Company saw increased revenue despite reduced passenger numbers in a challenging market place. We are delighted to have taken delivery of our third modern ferry vessel, Harbour Spirit, and we anticipate that the business will benefit from the UK’s forecast general economic recovery as well as the Navy’s planned investment in infrastructure.
“This has been a busy year for the Falkland Islands, and we anticipate further increases in activity in the Falkland Islands Company businesses, linked to the ongoing drilling campaign and further infrastructure investment by the Falkland Islands Government.
“I am also pleased to note the two oil discoveries offshore the islands, which goes further to prove up the area as a commercial oil province.
“Overall, Falkland Islands Holdings is in a strong financial position and we are in a favourable position to accelerate the Group’s growth through further investment in our existing businesses and strategic acquisitions, in line with our ongoing growth strategy.
“In the year to date, the Group’s trading performance is in line with our expectations and we anticipate another year of progress”.

Chairman’s Statement
In my first annual report as Chairman I am pleased to report that the Group achieved an encouraging trading result for the year in line with the Board’s expectations. Reported pre-tax profits were ahead of the prior year by £0.5 million at £3.9 million and underlying pre-tax profits (before amortisation and non-trading items) were lower by 2.4% at £3.6 million (2014: £3.7 million). Diluted earnings per share based upon underlying profits were unchanged at 22.0p. Reported diluted earnings per share increased by 20% to 25.3p (2014: 21.1p).
As previously announced, in line with our new policy of reinvesting earnings and cash to accelerate the growth of the Group, the Board is not recommending the payment of a final dividend.
On 9 February 2015, David Hudd retired as Chairman after 13 years’ service, during which the Group saw significant growth. On behalf of the Board and our shareholders, I would like to express our grateful thanks to David for his enormous contribution and wish him a happy retirement. I would also like to thank Mike Killingley who retired on 13 April 2015 after 10 years’ service as a Non Executive Director.
The Group’s financial position is strong and after capital expenditure of £4.7 million, cash balances at the end of the year were £7.4 million and bank borrowings £0.7 million. Net cash flow from operating activities before capital expenditure, and after the payment of tax, increased by £3.6 million to a record £6.4 million. This strong operating cash flow and healthy liquidity position (with net cash balances of £6.7 million) gives the Group significant untapped borrowing potential and the Board intends to make use of this to accelerate the Group’s growth through further investment in its existing businesses and through strategic acquisitions.

[Andrija]

Das war es dann. Die letzte Beteiligung an FOGL ist dahin. War leider zu erwarten. Der FIH-Internetauftritt gibt hierzu gar nichts an. Da ist die FOGL-Beteiligung weiterhin mit 5 Mio. verzeichnet.

Falkland Islands Holdings Sells 5 Million Falkland Oil & Gas Shares (ALLISS)
Fri, 1st May 2015 09:29

LONDON (Alliance News) - Falkland Islands Holdings PLC on Friday said it has sold 5 million shares in fellow AIM-listed Falkland Oil & Gas Ltd for GBP1.4 million.


Falkland Islands Holdings said the sale had generated it a GBP0.4 million profit.

It did not provide any pricing details on the shares sold, about 1.0% of Falkland Oil & Gas's total, but the amount raised gives them a price of 28 pence.

Falkland Islands shares were untraded Friday morning, having last traded at 239.00 pence, while Falkland Oil & Gas shares were down 2.3% to 26.875 pence.

http://www.lse.co.uk/AllNews.asp?code=kpm6slu4&headline=Falk…

[Andrija]

Tja, leider keine guten Nachrichten. Dividendenausfall auf unbestimmte Zeit. Ich will den alten Hudd wiederhaben und nicht so einen Pseudojungmanager der sein Geld in FIH geparkt hat, diese als Investmentspielzeug nimmt und selbstverständlich keine Didendenzahlungen nötig hat. Dann mit dem eingesparten Geld sogar noch Investitionen in UK anzuschieben passt mir gar nicht. Keine guten Aussichten.

10 April 2015



Falkland Islands Holdings plc

(“FIH” or “the Group”)

Pre-Close Trading Update

Falkland Islands Holdings plc (“FIH”), the AIM quoted international specialist services group with businesses in the Falkland Islands and UK is pleased to provide the following update on trading for the year ended 31 March 2015.

Trading in the second half was in line with expectations.
Mirroring the trends seen in the first half of the year, there has been a continued strong performance from the Falkland Islands Company (“FIC”) and as expected, a lower level of activity, compared to last year, at the Group’s art handling and logistics business Momart, following its exceptional prior year performance. Trading at the Group’s passenger ferry business (“PHFC”) was in line with the prior year.

The Group’s overall trading performance for the year to 31 March 2015 is expected to show a small decrease in underlying pre-tax profits (before amortisation and non-trading items) compared to the record levels seen in the prior year.

In addition, the Group enjoyed a non trading pre-tax profit of £0.7million on the sale of 7.825million FOGL shares in March 2015.

Future Strategy and Dividends
The Board is keen to focus on a long term growth strategy to fully develop the potential of its existing businesses in both the Falklands and the UK and believes that a policy of re-investing profits to support accelerated growth will yield long term benefits for shareholders. Significant investment opportunities exist in both the Falkland Islands, where the Group is well placed to capitalise on the recent further positive news of commercial oil discoveries, and in the UK where the Group already has two strong specialist services businesses.

It is the Board’s considered view that the Group can best take full advantage of existing and emerging opportunities by a policy of maximising the reinvestment of profits and suspending dividend payments in order to accumulate resources to build a much more substantial group with greater critical mass in its respective markets. We believe this more focused long term approach will have more appeal for existing and prospective investors and offer much greater shareholder liquidity. The Board is confident that this new approach and focus will lead to more certain capital growth and greater overall returns for shareholders in the long term.

In accordance with this increased focus on investment and growth, the Board has decided to cease dividend payments until further notice.

Operational Highlights

• Falkland Islands Company (“FIC”) – After the subdued trading in the prior year, the Falklands economy recovered sharply, buoyed by a record squid catch, increased government spending and an uplift in economic activity in preparation for the latest exploration drilling programme which commenced in March 2015. FIC’s retail business saw increased demand and housebuilding and car sales were buoyant. FIC also saw an increased contribution from its construction Joint Venture, “SAtCO” which benefited from oil related construction contracts. With steady growth in its other service businesses including the fishing agency, property rental and insurance, contribution from FIC is expected to show welcome growth on the prior year with the prospect of more to come in a busy 2015-16.

• Momart – After an exceptional prior year Momart produced a steady performance in the face of a fiercely competitive UK and international market which saw a squeeze on both sales revenues and margins. Further investment in marketing and management information systems, which increased overheads during the year, is expected to create a stronger platform for growth in the coming year. This will be reinforced by a 25% expansion in the Company’s state of the art storage facilities which is now underway.

• Portsmouth Harbour Ferry Company (“PHFC”) – Despite a generally improving local economy, following the closure of BAE Systems shipbuilding in Portsmouth in the summer of 2014, passenger numbers declined by c.2% over the prior year. However, fare increases in June 2014 saw a modest increase in overall revenue which was sufficient to maintain the ferry’s trading contribution at a similar level to the prior year. In early 2015, construction of the ferry “Harbour Spirit” was successfully completed and the vessel was delivered to Portsmouth in March 2015. Following final commissioning she will enter service next month.

• FOGL – March 2015 saw the commencement of a six well exploration drilling campaign led by Premier Oil and Noble Energy, which has already yielded positive results with further discoveries of commercial oil reserves in the North Falklands basin.

• Cash and Bank Borrowings – At 31 March 2015, the Group had cash balances of approximately £7.3 million and bank borrowings of £0.7 million.

The Group’s Preliminary Results for the year ended 31 March 2015 are expected to be released on Monday 8 June 2015.

Chairman of FIH, Edmund Rowland, commented:

“The Group has delivered another robust trading performance, in line with expectations, and closes the year with a strong balance sheet and a healthy liquidity position.

“Following my recent appointment as Chairman I am now keen to develop secure foundations for the Group’s long term success with a focus on growth through investment and selective acquisitions, leveraging the Group’s strong cash flow and robust balance sheet.

“In the Falklands we look forward to further positive news from the current exploration drilling programme which could add further to the exceptional long term potential that will flow from the Islands’ ultimate development as an oil producing territory.

“In the UK, the Group has two established highly regarded specialist services businesses; Momart and PHFC, and from this solid base we see further opportunities to develop the scale of the Group’s activities through selective, focussed acquisitions and organic growth.

“For the year ahead we anticipate increased activity in the Falklands as the drilling campaign progresses and continued good returns from Momart and PHFC.”

[Andrija]

Ein aus meiner Sicht sehr interessanter Beitrag. Noble Energy scheint doch einen sehr professionellen Job zu machen. Wirkt ja schon fast sympathisch. Offenbar der deutlich bessere Partner als Premier Oil. Wirkt nicht so, als wenn die halbe Sachen machen. Im Juli ist der Übergangshafen fertig. Alleine das ganze Personal auf der Insel muss ja wohl in "unseren Hotels" schlafen zumal FKL ja in der Nähe des Standorts des Hafens investiert. Bin inzwischen trotz des Ölpreises wieder deutlich optimistischer.

https://www.youtube.com/watch?v=zfAbLwE0yOE