Öl um Falkland >Zukunftsinvestition? FIH PLC ehemals Falkland Islands Holding (Seite 22)
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Antwort auf Beitrag Nr.: 43.284.158 von Andrija am 14.06.12 16:18:14Hier ist unser neuer Partner:
http://www.blackfishcapital.com/aboutus.php
Bei der aussagekräftigen Internetseite müssen ja die Anleger Schlange stehen!
Wieso der Umweg über so´ne Bude? Warum nicht die volle Kapitalerhöhung über die aktuellen Shareholder. Das stinkt doch!
The Directors believe that the potential for mutually beneficial cooperation with Blackfish Capital Management and its extended network of clientsis significant and, whilst the letter of intent does not represent a commitment to do so, looks forward to exploring these opportunities further.
Na wer sind denn die Clients?
...und dann das: Alongside the proposed equity investment, Blackfish Capital Management has provided to FIH a letter of intent expressing its enthusiasm in exploring further opportunities in the Falkland Islands,including the provision of debt and/or equity financing for projects including a new commercial port, facilities for the oil services sector and property development. Reine Absichtserklärungen oder wurden die zu akzeptablen Konditionen auf etwas festgenagelt. Klingt für mich auch eher wie eine Drohung die hier dauerhaft an der Backe zu haben oder uns irgendwann vollständig rauszudrängen.
So wie ich es verstanden habe ist das Ding noch durch die HV am 29.06. abzusegnen, da bisher keine Rechtsgrundlage besteht: In der Folienpräsi steht auf Seite 3 Proposed Subscription & Open Offer • Subscription for ordinary shares to raise £8m at 320p per share from Blackfish Capital, im pdf-Dokument steht allerdings the Company has conditionally raised £8.0 millionda werde ich nicht ganz schlau draus...ist ggf nur noch unser 2 Mio-Anteil zu genehmigen? Vielleicht gibt es hier einen "native Speaker" der Klarheit schafft?
Auf der Anmeldeseite für die HV https://www.capitashareportal.com/forms/Welcome.aspx kommt man ohne UK postcode nicht weiter oder stelle ich mich zu blöd an? Ist jemand registriert? So wenig Stimmen dürften wir doch alle nicht haben, um hier ein klares Signal zu setzen! Nehmen wir das hin?
http://www.blackfishcapital.com/aboutus.php
Bei der aussagekräftigen Internetseite müssen ja die Anleger Schlange stehen!
Wieso der Umweg über so´ne Bude? Warum nicht die volle Kapitalerhöhung über die aktuellen Shareholder. Das stinkt doch!
The Directors believe that the potential for mutually beneficial cooperation with Blackfish Capital Management and its extended network of clientsis significant and, whilst the letter of intent does not represent a commitment to do so, looks forward to exploring these opportunities further.
Na wer sind denn die Clients?...und dann das: Alongside the proposed equity investment, Blackfish Capital Management has provided to FIH a letter of intent expressing its enthusiasm in exploring further opportunities in the Falkland Islands,including the provision of debt and/or equity financing for projects including a new commercial port, facilities for the oil services sector and property development. Reine Absichtserklärungen oder wurden die zu akzeptablen Konditionen auf etwas festgenagelt. Klingt für mich auch eher wie eine Drohung die hier dauerhaft an der Backe zu haben oder uns irgendwann vollständig rauszudrängen.
So wie ich es verstanden habe ist das Ding noch durch die HV am 29.06. abzusegnen, da bisher keine Rechtsgrundlage besteht: In der Folienpräsi steht auf Seite 3 Proposed Subscription & Open Offer • Subscription for ordinary shares to raise £8m at 320p per share from Blackfish Capital, im pdf-Dokument steht allerdings the Company has conditionally raised £8.0 millionda werde ich nicht ganz schlau draus...ist ggf nur noch unser 2 Mio-Anteil zu genehmigen? Vielleicht gibt es hier einen "native Speaker" der Klarheit schafft?
Auf der Anmeldeseite für die HV https://www.capitashareportal.com/forms/Welcome.aspx kommt man ohne UK postcode nicht weiter oder stelle ich mich zu blöd an? Ist jemand registriert? So wenig Stimmen dürften wir doch alle nicht haben, um hier ein klares Signal zu setzen! Nehmen wir das hin?
Antwort auf Beitrag Nr.: 43.283.795 von keith am 14.06.12 15:04:35Mensch Kinders was ist das denn schon wieder. Da lobe ich den David Hudd wegen seiner Aktivitäten über den grünen Klee und nun schon wieder so etwas. Eine Verwässerung zur Unzeit! 
Folgende Fragen stellen sich mir spontan und die werde ich auch in Richtung der Gesellschaft transportieren:
1.) Denkt der denn auch mal an die Altaktionäre und das bitte weltweit und Personen die mit Ihren Stücken steuerfrei sind und mal nicht grenzenlos aufstocken können?
2.) Warum nur eine Quote von 20% für Altaktionäre, was gibt ihm die Rechtsgrundlage?
3.) Warum findet kein Bezugsrechtshandel statt?
4.) Wenn er dringend Geld braucht, warum wählt er dann nicht die kostengünstieg Variante, die Dividende einzufrieren anstatt sie aufzustocken? Erhöhen wil er sie sigar noch. Mach uns reich und nicht die Banken und das Finanzamt!
5.) Wenn ich an die Inseln und das Öl glaube warum erhöhe ich jetzt und warte nicht die FOGL Bohrungen ab? Das alleine ist schon ein Widerspruch in sich.
Auch wenn diesmal keine Momartbuddys glücklich gemacht werden, ist die Kapitalerhöhung völlig intransparent. Wer sind die anderen 80% Geldgeber die hier noch mal billig rein dürfen? Wie immer ernten die mit den dicksten "...." die dicksten Kartoffeln.
Folgende Fragen stellen sich mir spontan und die werde ich auch in Richtung der Gesellschaft transportieren:
1.) Denkt der denn auch mal an die Altaktionäre und das bitte weltweit und Personen die mit Ihren Stücken steuerfrei sind und mal nicht grenzenlos aufstocken können?
2.) Warum nur eine Quote von 20% für Altaktionäre, was gibt ihm die Rechtsgrundlage?
3.) Warum findet kein Bezugsrechtshandel statt?
4.) Wenn er dringend Geld braucht, warum wählt er dann nicht die kostengünstieg Variante, die Dividende einzufrieren anstatt sie aufzustocken? Erhöhen wil er sie sigar noch. Mach uns reich und nicht die Banken und das Finanzamt!
5.) Wenn ich an die Inseln und das Öl glaube warum erhöhe ich jetzt und warte nicht die FOGL Bohrungen ab? Das alleine ist schon ein Widerspruch in sich.
Auch wenn diesmal keine Momartbuddys glücklich gemacht werden, ist die Kapitalerhöhung völlig intransparent. Wer sind die anderen 80% Geldgeber die hier noch mal billig rein dürfen? Wie immer ernten die mit den dicksten "...." die dicksten Kartoffeln.
14 June 2012
Falkland Islands Holdings plc
("Falkland Islands Holdings" or "the Group")
Subscription and Open Offer
Falkland Islands Holdings, the AIM quoted international services group, which owns essential services businesses in the Falkland Islands and UK, focused on transport and logistics, together with 14 million shares in AIM quoted oil exploration company Falkland Oil and Gas Limited ("FOGL"), is pleased to announce that it has conditionally raised £8.0m (before expenses) by way of a Subscription by Blackfish Capital, an investment fund advised by Blackfish Capital Management, and that it proposes to raise up to £2.0m (before expenses) by way of an Open Offer which will provide the Company's existing Shareholders with the opportunity to subscribe for additional Ordinary Shares at the same price as the Subscription.
Highlights:
Subscription and Open Offer details
· Subscription to raise £8.0m at 320p per share
· Open offer to raise up to a further £2.0m from existing shareholders
o Same pricing as subscription
o 1 Offer Share for every 15 Existing Ordinary Shares held
o All Falkland Islands Holdings Directors participating
o Excess applications will be accommodated to maximise participation in the Open Offer
o The Group to have ability to place balance in event of under-subscription
Opportunity to develop the Group's assets in the Falkland Islands in anticipation of the growth in the economy which the Board believe will follow from recent hydrocarbon discoveries
· Board believes significant opportunities exist following recent hydrocarbon discoveries
· Hydrocarbon exploration continues in both Southern and Northern basins
· Commercial exploitation of oil will involve a major improvement in the Islands' infrastructure
Net proceeds will provide the capital to exploit the opportunities including:
· Development and expansion of the Group's business interests on the Falkland Islands
· Development of key Group sites for new warehousing, offices and residential accommodation
· Work needs to commence now to maximise returns, given lengthy supply chain
· Blackfish Capital Management is supportive of providing further project related equity and debt finance either directly or via its extended client network
David Hudd, Chairman of Falkland Islands Holdings, said:
"We are excited by the opportunity to develop the Group's existing assets in the Falkland Islands in anticipation of the growth in the economy, which the Board believes will follow from recent hydrocarbon discoveries. Given the Company's history in the Falkland Islands and our leading position, we are confident that further investment now, will generate attractive returns.
"We are delighted to have a supportive keystone investor in Blackfish Capital and we believe that further investment now in the Falkland Islands is in the best interest of our shareholders to enable the Company to participate in what we believe could be an explosive period of growth."
- Ends -
http://www.fihplc.com/support/upload/FIH-subscription-and-op…
http://www.fihplc.com/support/upload/FIH-subscription-and-op…
Falkland Islands Holdings plc
("Falkland Islands Holdings" or "the Group")
Subscription and Open Offer
Falkland Islands Holdings, the AIM quoted international services group, which owns essential services businesses in the Falkland Islands and UK, focused on transport and logistics, together with 14 million shares in AIM quoted oil exploration company Falkland Oil and Gas Limited ("FOGL"), is pleased to announce that it has conditionally raised £8.0m (before expenses) by way of a Subscription by Blackfish Capital, an investment fund advised by Blackfish Capital Management, and that it proposes to raise up to £2.0m (before expenses) by way of an Open Offer which will provide the Company's existing Shareholders with the opportunity to subscribe for additional Ordinary Shares at the same price as the Subscription.
Highlights:
Subscription and Open Offer details
· Subscription to raise £8.0m at 320p per share
· Open offer to raise up to a further £2.0m from existing shareholders
o Same pricing as subscription
o 1 Offer Share for every 15 Existing Ordinary Shares held
o All Falkland Islands Holdings Directors participating
o Excess applications will be accommodated to maximise participation in the Open Offer
o The Group to have ability to place balance in event of under-subscription
Opportunity to develop the Group's assets in the Falkland Islands in anticipation of the growth in the economy which the Board believe will follow from recent hydrocarbon discoveries
· Board believes significant opportunities exist following recent hydrocarbon discoveries
· Hydrocarbon exploration continues in both Southern and Northern basins
· Commercial exploitation of oil will involve a major improvement in the Islands' infrastructure
Net proceeds will provide the capital to exploit the opportunities including:
· Development and expansion of the Group's business interests on the Falkland Islands
· Development of key Group sites for new warehousing, offices and residential accommodation
· Work needs to commence now to maximise returns, given lengthy supply chain
· Blackfish Capital Management is supportive of providing further project related equity and debt finance either directly or via its extended client network
David Hudd, Chairman of Falkland Islands Holdings, said:
"We are excited by the opportunity to develop the Group's existing assets in the Falkland Islands in anticipation of the growth in the economy, which the Board believes will follow from recent hydrocarbon discoveries. Given the Company's history in the Falkland Islands and our leading position, we are confident that further investment now, will generate attractive returns.
"We are delighted to have a supportive keystone investor in Blackfish Capital and we believe that further investment now in the Falkland Islands is in the best interest of our shareholders to enable the Company to participate in what we believe could be an explosive period of growth."
- Ends -
http://www.fihplc.com/support/upload/FIH-subscription-and-op…
http://www.fihplc.com/support/upload/FIH-subscription-and-op…
Trading Spotlight
http://www.penguin-news.com/index.php/component/docman/doc_d…
Successful FIH plan for future in Falklands
A STRONG trading performance for the Falkland Islands Holdings (FIH) Group for the year end March 31, spells increased capacity to invest in the Falkland Islands and its future the group’s Managing Director John Foster told Penguin News yesterday.
Mr Foster who was part of the Falklands delegation to Aberdeen said: “We learned a lot about how oil might impact on the Islands and how we might get involved.”
The company has set up a joint venture with Trant Construction, a company that has worked in the Falklands for the MoD for ten years, and their intention is to bid on government and private sector contracts that are likely to emerge as a result of oil exploitation,
and the resulting revenues for the Falkland Islands Government.
Mr Foster stressed, however: “We very much want to work with other people, it’s not about the Falkland Islands Company (FIC) trying to run the show or dominate proceedings. There are some very successful business people in Stanley and we’re keen to work with them, there’s going to be space for everybody, and we want to work closely with the government to develop the town and the country for the future.”
In terms of larger projects that might be required in the future he listed the MPA road, the water front and a deep water port.
The FIC also has acreage within Stanley where the company intends to build longer term accommodation (executive housing) for oil workers,
office space, warehousing
and eventually, depending on government subsidies for home buyers, housing for local people, “and Trant will help us with all of that, along with local partners,” said Mr Foster.
Many of these projects will begin to move forward once Rockhopper Exploration Ltd has outlined a timetable for future activities.
Mr Foster said that as a result of the FIH Group’s successful financial year they now had, “the capacity to invest in the Falklands and that is very much the focus of our future plans. We will keep the ferry (Portsmouth Harbour Ferry Company is also operated by FIH) and Momart, (handling and storage company) ticking over, but our focus is on Stanley and we will take full advantage of the growth we see coming from oil. It’s a special moment and it’s very exciting.”
The main financial growth over the past years comes as result of recovery at Momart, and further progress at Gosport Ferry. Last year FIC had a, “great year” on the back of the arrival of the drill rig Ocean Guardian.
FIH also has shares in oil company FOGL which will begin to drill in July this year.
FIH Highlights: Group revenue increased by 7.1% to £34.11million (2011: £31.84mil- lion). Underlying operating profit up 21.8% at £3.57million (2011: £2.93million). Underly- ing pre-tax profits up 18.3% to £3.23million (2011: £2.73mil- lion). Fully diluted earnings
per share increased by 27.2%
to 26.2p (2011: 20.6p). Bank borrowings at 31 March 2012 reduced to £3.0million (2011: £4.0million). Cash balances of £2.8million (2011: £2.1million). Increased final dividend of 7p per share (2011 5.5p). Total dividends for the year of 11p per share, up 15.8% (2011: 9.5p per share)
Successful FIH plan for future in Falklands
A STRONG trading performance for the Falkland Islands Holdings (FIH) Group for the year end March 31, spells increased capacity to invest in the Falkland Islands and its future the group’s Managing Director John Foster told Penguin News yesterday.
Mr Foster who was part of the Falklands delegation to Aberdeen said: “We learned a lot about how oil might impact on the Islands and how we might get involved.”
The company has set up a joint venture with Trant Construction, a company that has worked in the Falklands for the MoD for ten years, and their intention is to bid on government and private sector contracts that are likely to emerge as a result of oil exploitation,
and the resulting revenues for the Falkland Islands Government.
Mr Foster stressed, however: “We very much want to work with other people, it’s not about the Falkland Islands Company (FIC) trying to run the show or dominate proceedings. There are some very successful business people in Stanley and we’re keen to work with them, there’s going to be space for everybody, and we want to work closely with the government to develop the town and the country for the future.”
In terms of larger projects that might be required in the future he listed the MPA road, the water front and a deep water port.
The FIC also has acreage within Stanley where the company intends to build longer term accommodation (executive housing) for oil workers,
office space, warehousing
and eventually, depending on government subsidies for home buyers, housing for local people, “and Trant will help us with all of that, along with local partners,” said Mr Foster.
Many of these projects will begin to move forward once Rockhopper Exploration Ltd has outlined a timetable for future activities.
Mr Foster said that as a result of the FIH Group’s successful financial year they now had, “the capacity to invest in the Falklands and that is very much the focus of our future plans. We will keep the ferry (Portsmouth Harbour Ferry Company is also operated by FIH) and Momart, (handling and storage company) ticking over, but our focus is on Stanley and we will take full advantage of the growth we see coming from oil. It’s a special moment and it’s very exciting.”
The main financial growth over the past years comes as result of recovery at Momart, and further progress at Gosport Ferry. Last year FIC had a, “great year” on the back of the arrival of the drill rig Ocean Guardian.
FIH also has shares in oil company FOGL which will begin to drill in July this year.
FIH Highlights: Group revenue increased by 7.1% to £34.11million (2011: £31.84mil- lion). Underlying operating profit up 21.8% at £3.57million (2011: £2.93million). Underly- ing pre-tax profits up 18.3% to £3.23million (2011: £2.73mil- lion). Fully diluted earnings
per share increased by 27.2%
to 26.2p (2011: 20.6p). Bank borrowings at 31 March 2012 reduced to £3.0million (2011: £4.0million). Cash balances of £2.8million (2011: £2.1million). Increased final dividend of 7p per share (2011 5.5p). Total dividends for the year of 11p per share, up 15.8% (2011: 9.5p per share)
Antwort auf Beitrag Nr.: 43.255.964 von Andrija am 06.06.12 15:23:32Mich hat Nandy auch lieb!
Antwort auf Beitrag Nr.: 43.255.760 von Andrija am 06.06.12 14:46:53..und jetzt werde ich noch privat glücklich:
Hallo,
Ich freue mich sehr, Sie auf dieser Website treffen sich heute. Mein Name Nandy, bin ich sehr interessant, intelligent, ehrlich, unkompliziert und schön attraktiven jungen Mädchen. Ich sah dein Profil auf dieser Website und das Interesse an Ihnen. Ich werde gern wissen Sie besser. Bitte senden Sie mir Mail an meine private E-Mail-Adresse (nandyneggel@yahoo.com), so dass ich Ihnen mein Bild und sagen Ihnen, in Details zu meiner Person. Ich glaube, dass wir beginnen können, eine dauerhafte Beziehung von hier. Denken Sie daran, Alter, Rasse, Distanz oder auch die Farbe keine Rolle, aber die Liebe am wichtigsten im Leben. Bitte antworten Sie mir mit dieser E-Mail-Adresse;
(nandyneggel@yahoo.com)
Nandy hat mich lieb - nur mich allein
...heut ist so ein schöner Tag...lalalala
Hallo,
Ich freue mich sehr, Sie auf dieser Website treffen sich heute. Mein Name Nandy, bin ich sehr interessant, intelligent, ehrlich, unkompliziert und schön attraktiven jungen Mädchen. Ich sah dein Profil auf dieser Website und das Interesse an Ihnen. Ich werde gern wissen Sie besser. Bitte senden Sie mir Mail an meine private E-Mail-Adresse (nandyneggel@yahoo.com), so dass ich Ihnen mein Bild und sagen Ihnen, in Details zu meiner Person. Ich glaube, dass wir beginnen können, eine dauerhafte Beziehung von hier. Denken Sie daran, Alter, Rasse, Distanz oder auch die Farbe keine Rolle, aber die Liebe am wichtigsten im Leben. Bitte antworten Sie mir mit dieser E-Mail-Adresse;
(nandyneggel@yahoo.com)
Nandy hat mich lieb - nur mich allein
...heut ist so ein schöner Tag...lalalala
Antwort auf Beitrag Nr.: 43.075.332 von Andrija am 23.04.12 14:20:08Aussagen zur weiteren Entwicklung
• Leverage existing property assets – 70acres in Stanley + 600acres in “Greater Stanley”
• ( FIC Investment Properties & Land valued at £3.9m representing +£2.4m surplus to book value )
• Develop land for oil support services (warehouses & offices)
• Provide residential accommodation for onshore oil workers and increasing population
• Work started on possible turn-key port solution for oil industry
• Participate in infrastructure expansion through 50/50 JV with experienced partner Trant Construction
• Expand existing activities as Falkland’s economy grows
Bin begeistert; darauf habe ich gewartet. Da ist mir fast egal, ob meine RKH-Aktien zu billig an Anadarko oder wen auch immer weggehen - Hauptsache es geht bald los. Hier spielt die Musik und das bei einem KGV von 14 und einer Dividendenrendite von 3% die zu 58% noch nicht mal von Falklandaktivitäten stammt. Dazu der FOGL-Wert wie immer noch ON-TOP.
Die Inseln sind der interessanteste Wert vor allen Explorern
.
• Leverage existing property assets – 70acres in Stanley + 600acres in “Greater Stanley”
• ( FIC Investment Properties & Land valued at £3.9m representing +£2.4m surplus to book value )
• Develop land for oil support services (warehouses & offices)
• Provide residential accommodation for onshore oil workers and increasing population
• Work started on possible turn-key port solution for oil industry
• Participate in infrastructure expansion through 50/50 JV with experienced partner Trant Construction
• Expand existing activities as Falkland’s economy grows
Bin begeistert; darauf habe ich gewartet. Da ist mir fast egal, ob meine RKH-Aktien zu billig an Anadarko oder wen auch immer weggehen - Hauptsache es geht bald los. Hier spielt die Musik und das bei einem KGV von 14 und einer Dividendenrendite von 3% die zu 58% noch nicht mal von Falklandaktivitäten stammt. Dazu der FOGL-Wert wie immer noch ON-TOP.
Die Inseln sind der interessanteste Wert vor allen Explorern
.
DIE HAMMERZAHLEN FÜR DEN JAHRESABSCHLUSS SIND DA!
Falkland Islands Holdings plc
(“FIH” or “the Group”)
Final results for the year ended 31 March 2012
FIH, the AIM quoted international services group, which owns essential services businesses focused on transport and logistics and which has a 4.4% shareholding in AIM quoted oil exploration company Falkland Oil and Gas Limited (“FOGL”), is pleased to announce final results for the year ended 31 March 2012.
Financial Highlights – ahead of market expectations
Group revenue increased by 7.1% to 34.11million (2011: £31.84million)
Underlying operating profit up 21.8% at £3.57million (2011: £2.93million)
Underlying pre-tax profits up 18.3% to £3.23million (2011: £2.73million)
Fully diluted earnings per share increased by 27.2% to 26.2p (2011: 20.6p)
Bank borrowings at 31 March 2012 reduced to £3.0million (2011: £4.0million)
Cash balances of £2.8million (2011: £2.1million)
Increased final dividend of 7p per share (2011 5.5p)
Total dividends for the year of 11p per share, up 15.8% (2011: 9.5p per share)
Operating Highlights - diverse trading businesses proved resilient, performing well in difficult
economic conditions
Falkland Islands Company (“FIC”)
o Revenue up 0.4% to £14.98million (2011: £14.92million)
o Small decline in operating profit from £1.61million to £1.52million – profit generated from
core trading activities was maintained; prior year results included profits on property sales
which were negligible in 2012
Portsmouth Harbour Ferry Company (“PHFC”)
o Revenues up 11.5% to £4.16million (2011: £3.73million)
o Operating profit up 38% to £1.09million (2011: £0.79million)
o Robust performance reflects increase in fares and mild winter weather, which more than
offset substantial increase in operating costs following installation of the new pontoon
o The ferry continues to offer excellent value for money, and has maintained its outstanding
reliability and safety record Momart
o Revenue increased 13.5% to £14.97million (2011: £13.19million)
o Operating profit up 81.1% to £0.96million (2011: £0.53million)
o Encouraging recovery in 2012, helped by strength of the commercial art market
o Exhibition revenues and margins improved substantially with notable exhibitions including:
The Cult of Beauty at the V&A, Lucian Freud at the National Portrait Gallery and Gerhardt
Richter and the Damien Hirst retrospective, both at Tate Modern
FOGL
o FIH’s holding of 14million FOGL shares, 4.4% of FOGL’s issued share capital
o Market value of shareholding on 1 June 2012 was £12.78million (31 March 2012:
£9.03million)
o FOGL’s two well drilling programme is expected to commence in a few weeks time; the
recent discovery by Borders & Southern Petroleum in their Darwin well augurs well for the
prospectivity of similar features in FOGL’s Southern licences which are not being drilled in
this campaign
New joint venture company created
o FIH is pleased to announce the establishment of a 50/50 joint venture with Trant Construction, a UK construction and engineering group with substantial experience of working in the Falkland Islands over the last 10 years.
o The new company, South Atlantic Construction Company (SACC) will be based at the Group's offices in the Falkland Islands and will allow FIC to participate in the increase in construction activity in both the public and private sector that will result from the exploitation of oil in the Falkland Islands
David Hudd, Chairman of Falkland Islands Holdings plc, said:
“I am pleased to report another strong trading performance for the Group. Our market leading businesses continued to prove resilient and delivered good results in difficult economic conditions.
“For the current year, trading has been satisfactory and in line with our expectations. Whilst we do not expect the rate of growth achieved across the Group in the year ended March 2012 to be repeated in the coming year, in the medium term we are confident of further growth at Momart, steady progression at PHFC and in the Falklands our assets and businesses are well placed to take advantage of the transformational
change which seems increasingly likely.
“In the Falkland Islands, the Sea Lion discovery in the North Falkland Basin has confirmed the existence of commercially exploitable hydrocarbons. To the south, the Darwin well recently drilled by Borders & Southern
Petroleum has proved the existence of a working hydrocarbon system and supports the prospectivity of the South Falkland Basin. Both outcomes make further exploration work certain.
"I am also delighted that we have set up a joint venture with Trant Construction. We intend that South Atlantic Construction Company will play a significant role in improving the infrastructure of the Falkland Islands.
“The Group’s businesses remain robust and will continue to generate good cash flows and profits. The Board is pleased to recommend a final dividend of 7p per share, bringing the total dividend for the year to 11p per share, an increase of 15.8% on 2011.”
Notes to editors
Trant Construction
Trant Construction, is a privately owned Group with more than 50 years’ experience in civil, mechanical and electrical engineering . It currently operates in the UK, Channel Islands, Ascension and the Falkland Islands
and has an annual turnover of approximately £80million.
Tolle Nachrichten
; alle warten auf einen Farm-In bei FOGL und wir haben ein Farm-Out bei FIH. So stelle ich mir das vor. Endlich mal keine Kunstbuden kaufen sondern rein mit dem Geld in die Inseln. David Hudd kriegt die Kurve auf seine alten Tage vielleicht doch noch. Kleiner Wehrmutstropfen ist, dass sie keine deutliche Mehrheitsbeteiligung an der South Atlantic Construction Company halten wollen.
Falkland Islands Holdings plc
(“FIH” or “the Group”)
Final results for the year ended 31 March 2012
FIH, the AIM quoted international services group, which owns essential services businesses focused on transport and logistics and which has a 4.4% shareholding in AIM quoted oil exploration company Falkland Oil and Gas Limited (“FOGL”), is pleased to announce final results for the year ended 31 March 2012.
Financial Highlights – ahead of market expectations
Group revenue increased by 7.1% to 34.11million (2011: £31.84million)
Underlying operating profit up 21.8% at £3.57million (2011: £2.93million)
Underlying pre-tax profits up 18.3% to £3.23million (2011: £2.73million)
Fully diluted earnings per share increased by 27.2% to 26.2p (2011: 20.6p)
Bank borrowings at 31 March 2012 reduced to £3.0million (2011: £4.0million)
Cash balances of £2.8million (2011: £2.1million)
Increased final dividend of 7p per share (2011 5.5p)
Total dividends for the year of 11p per share, up 15.8% (2011: 9.5p per share)
Operating Highlights - diverse trading businesses proved resilient, performing well in difficult
economic conditions
Falkland Islands Company (“FIC”)
o Revenue up 0.4% to £14.98million (2011: £14.92million)
o Small decline in operating profit from £1.61million to £1.52million – profit generated from
core trading activities was maintained; prior year results included profits on property sales
which were negligible in 2012
Portsmouth Harbour Ferry Company (“PHFC”)
o Revenues up 11.5% to £4.16million (2011: £3.73million)
o Operating profit up 38% to £1.09million (2011: £0.79million)
o Robust performance reflects increase in fares and mild winter weather, which more than
offset substantial increase in operating costs following installation of the new pontoon
o The ferry continues to offer excellent value for money, and has maintained its outstanding
reliability and safety record Momart
o Revenue increased 13.5% to £14.97million (2011: £13.19million)
o Operating profit up 81.1% to £0.96million (2011: £0.53million)
o Encouraging recovery in 2012, helped by strength of the commercial art market
o Exhibition revenues and margins improved substantially with notable exhibitions including:
The Cult of Beauty at the V&A, Lucian Freud at the National Portrait Gallery and Gerhardt
Richter and the Damien Hirst retrospective, both at Tate Modern
FOGL
o FIH’s holding of 14million FOGL shares, 4.4% of FOGL’s issued share capital
o Market value of shareholding on 1 June 2012 was £12.78million (31 March 2012:
£9.03million)
o FOGL’s two well drilling programme is expected to commence in a few weeks time; the
recent discovery by Borders & Southern Petroleum in their Darwin well augurs well for the
prospectivity of similar features in FOGL’s Southern licences which are not being drilled in
this campaign
New joint venture company created
o FIH is pleased to announce the establishment of a 50/50 joint venture with Trant Construction, a UK construction and engineering group with substantial experience of working in the Falkland Islands over the last 10 years.
o The new company, South Atlantic Construction Company (SACC) will be based at the Group's offices in the Falkland Islands and will allow FIC to participate in the increase in construction activity in both the public and private sector that will result from the exploitation of oil in the Falkland Islands
David Hudd, Chairman of Falkland Islands Holdings plc, said:
“I am pleased to report another strong trading performance for the Group. Our market leading businesses continued to prove resilient and delivered good results in difficult economic conditions.
“For the current year, trading has been satisfactory and in line with our expectations. Whilst we do not expect the rate of growth achieved across the Group in the year ended March 2012 to be repeated in the coming year, in the medium term we are confident of further growth at Momart, steady progression at PHFC and in the Falklands our assets and businesses are well placed to take advantage of the transformational
change which seems increasingly likely.
“In the Falkland Islands, the Sea Lion discovery in the North Falkland Basin has confirmed the existence of commercially exploitable hydrocarbons. To the south, the Darwin well recently drilled by Borders & Southern
Petroleum has proved the existence of a working hydrocarbon system and supports the prospectivity of the South Falkland Basin. Both outcomes make further exploration work certain.
"I am also delighted that we have set up a joint venture with Trant Construction. We intend that South Atlantic Construction Company will play a significant role in improving the infrastructure of the Falkland Islands.
“The Group’s businesses remain robust and will continue to generate good cash flows and profits. The Board is pleased to recommend a final dividend of 7p per share, bringing the total dividend for the year to 11p per share, an increase of 15.8% on 2011.”
Notes to editors
Trant Construction
Trant Construction, is a privately owned Group with more than 50 years’ experience in civil, mechanical and electrical engineering . It currently operates in the UK, Channel Islands, Ascension and the Falkland Islands
and has an annual turnover of approximately £80million.
Tolle Nachrichten
; alle warten auf einen Farm-In bei FOGL und wir haben ein Farm-Out bei FIH. So stelle ich mir das vor. Endlich mal keine Kunstbuden kaufen sondern rein mit dem Geld in die Inseln. David Hudd kriegt die Kurve auf seine alten Tage vielleicht doch noch. Kleiner Wehrmutstropfen ist, dass sie keine deutliche Mehrheitsbeteiligung an der South Atlantic Construction Company halten wollen. 
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