Öl um Falkland >Zukunftsinvestition? FIH PLC ehemals Falkland Islands Holding (Seite 5)

[Andrija]

Antwort auf Beitrag Nr.: 64.162.222 von Andrija am 24.06.20 16:20:34

Gute Zahlen- Final results for the year ended 31 March 2020

Okay, jetzt habe ich den Grund gefunden. Nachricht war von gestern und Kurs hat offenbar verspätet reagiert. Auf der Website stand nichts:

FY2020 Group Financial Highlights

· Group revenue increased by 4.9% to £44.6 million (2019: £42.5 million)

· Underlying pre-tax profits were £3.7 million (2019: £3.9 million) reduced by £0.25 million due to COVID-19

· £7.5 million non-cash write down of goodwill led to a loss before tax of £3.7 million (2019: £3.9 million)

· Underlying diluted earnings per share was 21.7 pence (2019: 24.1 pence)

· Diluted earnings per share was a loss of 37.8 pence (2019: 24.1 pence)

· As at 31 March 2020, cash balances of £9.1 million (2019: £6.2 million)


Operating Highlights

Falkland Islands Company ("FIC")

· A good performance with revenues up by 23% benefiting from increased housebuilding and rental income and remaining largely unaffected by COVID-19

· Pre-tax profits up 37% to £2.1 million (2019: £1.5 million)

Momart

· Following on from a successful prior year, FY2020 was more challenging reflecting a weaker global commercial art market leading to reduced income from galleries, auction houses and private collectors

· Pre-tax profits were £1.0 million (2019: £1.6 million)

Portsmouth Harbour Ferry Company ("PHFC")

· A small decline in passenger numbers over the year was significantly increased in March 2020 which offset the benefits of annual fare rises in June 2019

· Pre-tax profits were £0.6 million (2019: £0.8 million)

Outlook & COVID-19 Update

· While FIC has not been significantly impacted, trading at both Momart and PHFC has fallen to below 10% of normal levels as a result the Group incurred losses for the first three months of FY2021

· In response, the Group has suspended dividend payments in the short term, placed 78% of employees at Momart and in Gosport on furlough, reduced employee and Board pay and curtailed all capital expenditure

· Critically, the Group remains well placed financially with sufficient liquidity to meet all current and expected needs, as at 31 March 2020 the Group had cash balances of £9.1 million and has added an interest free £5 million debt facility under the Government business interruption scheme for use if required

· Management focus now is on returning the Group to its pre-COVID-19 position as quickly as practical whilst minimising the fallout from this unprecedented event

Quelle: https://www.londonstockexchange.com/news-article/FIH/final-r…

Letztlich wäre ein satter Gewinn rausgekommen, hätten sie nicht eine steuerwirksame außerplanmäßige Abschreibung vorgenommen (dürfte vermutlich irgendwann wieder zu einer Zuschreibung führen bei einer erwartungsgemäßen Wertaufholung). Keine Ahnung wie die bilanzieren. Die Falklands selbst entwicklen sich auch ohne Öl immer besser.

[Andrija]

Was geht ab?

Marktbericht > Falkland Islands Holdings
LON: FIH
338,10 GBX +43,10 (14,61 %)


Kurs höher als in Vorcoronazeit!

[Andrija]

Interim results: 6 months ended 30 September 2019 - Relativ konstante Werte mit gestiegener Halbjahresdividende

12 November 2019

FIH group plc

("FIH" or the "Group")

Results for the six months ended 30 September 2019



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 2019 ("the period"). Comparisons shown below are for the same period in 2018 unless otherwise stated.

Group Financial Highlights - Resilient performance despite market pressures

· Group revenue at £19.4 million (2018: £19.6 million)

· Profit before tax at £1.25 million (2018: £1.35 million)

· Diluted earnings per share: 7.6p (2018: 8.3p)

· Bank borrowings at 30 September 2019: £16.4 million (31 March 2019: £12.8 million)

· Cash balances at 30 September 2019: £9.6 million (31 March 2019: £6.2 million)

· Increased interim dividend of 1.80 pence per share (2018: 1.65 pence per share)



Operating Highlights



Falkland Islands Company ("FIC") - Encouraging and profitable trading led by solid growth across multiple divisions and strong recovery in construction

· Revenue up 13.9% at £9.08 million (2018: £7.97 million) reflecting strong recovery in Falkland Building Services (FBS) (up 82% to £1.54 million)

· Continued growth in Retail sales (up 6% to £4.45 million), Falklands 4x4 (up 6.7% to £1.64 million) and Support Services (up 5.6% to £0.78 million) and positive revenue impact following investment in Property Rental (up 32.3% to £0.3 million)

· Profit before tax increased by 68% to £0.67 million (2018: £0.45 million)

· Significant medium to long-term growth opportunities linked to: land-based tourism, with a regular commercial flight from Brazil due to commence this month; possible oil development, with a decision on Sea Lion development expected from Premier Oil in 2020; and opportunities from Falkland Island Government and Ministry of Defence with emerging plans for local infrastructure investment.



Portsmouth Harbour Ferry Company ("PHFC") - Revenue lower, with passenger volumes impacted by aircraft carrier's summer deployment

· Total PHFC revenue decreased 1.2% to £2.31 million (2018: £2.34 million) reflecting a 3.2% decline in passenger numbers, outweighing the 3.0% annual increase in fares

· Passenger volumes most markedly down while the Navy's new aircraft carrier was away during the summer, but this is expected to return before January 2020 along with HMS Prince of Wales

· 17% increase in Cruising and Other income, to £0.17 million, with successful season of Solent leisure cruises

· Cost controls ensured only marginal decrease in profit before tax, to £0.49 million (2018: £0.51 million)

· Medium and long-term potential for increased ferry passenger volumes linked to mooted redevelopment of Gosport harbour's transport hubs, including possible improved retail, leisure and accommodation amenities.



Momart - Challenging commercial art market dented performance, despite strength in high margin services

· Overall revenue declined by 13.4% to £8.04 million (2018: £9.28 million), impacted by uncertainty amongst high-net-worth individuals and ensuing reduced activity by commercial clients in the face of challenging UK and international art market conditions

· Revenue in art storage rose 3.3% to £1.04 million, with success in securing new private and public sector storage clients, which will continue to benefit in future periods

· Notable exhibition activity included: "Mary Quant" and "Cars" at the V&A; "Anthony Gormley" at the Royal Academy; "Ashruburnipal" at the British Museum; "Olifur Eliasson" at Tate Modern; and "Van Gogh" at Tate Britain.

John Foster, Chief Executive, said:

"It has been a challenging period for several business divisions, and especially at Momart in the art sector, so we are satisfied that the Group has delivered a resilient half year performance overall.

"Supported by strength in the core Falklands business and tight cost control, the Group's profit before tax was reasonably robust. Meanwhile the Group's cash position remains strong, and we are pleased to announce an increased interim dividend of 1.80 pence per share.

"With a number of exciting medium to long-term growth opportunities in each of our diverse businesses, the Board looks to the future with confidence."


https://www.investegate.co.uk/fih-group-plc--fih-/rns/interi…

[Andrija]

Gestern war HV. Kurs gab leider auch ordentlich nach. Hintergrund sind wohl die Aussagen auf der HV zu den Einbußen durch den Brexit.

https://www.aimlisting.co.uk/fih-group-plc-agm-statement/

[Andrija]

Antwort auf Beitrag Nr.: 60.817.979 von honigbaer am 16.06.19 15:10:37

Das wäre mein Wunsch der hoffentlich vom Vorstand berücksichtigt wird.

[honigbaer]

Die strategischen Akquisitionen werden vielleicht nach dem Immobilienkauf nicht mehr unbedingt angestrebt, wenn das auch wieder im Bericht erwähnt wird. Sollten sich die Falkland Ölprojekte konkretisieren, kann man sicher auch in diesem Zusammenhang mehr investieren, so dass der Anlagenotstand immer mehr entfällt.

[Andrija]

Antwort auf Beitrag Nr.: 60.791.863 von honigbaer am 12.06.19 19:11:52

Du hast die Dividendenerhöhung auf 5 Pence vergessen. Damit schütten die nur gut 1/5 aus. Wirklich sehr gute Zahlen. Gleicht allerdings nur unsere Wechselkursverluste aus.

Mommart scheint sich ja zur echten Cash-cow zu entwickeln. Hatte das Investment damals ja als Verwässerung des Geschäftskerns stark kritisiert. Ich kann aber nach wie vor die Risiken auf dem Kunstmarkt nicht bewerten. In diesem Zusammenhang missfällt mir das "proactively seeking out opportunities for strategic acquisitions". Schuster bleib bei Deinen Leisten. Die Aktionäre sind froh, dass die beiden anderen Geschäftsfelder aktuell gut laufen und hoffen auf die Falklands. Wer will da ein weiteres Geschäftsfeld mit unbekannten Risiken im Haus haben.

Mit der ständigen Verschiebung der PMO-Entscheidung ist es schon "ärgerlich". Vermutlich weniger aus meiner Sicht als FIH denn als RKH-Aktionär.

[honigbaer]

Im Geschäftsbericht zum 31.03.2019 der FIH group plc heißt es zu Sea Lion:
A final investment decision is anticipated from Premier Oil in late 2019 or early 2020.

Ein erheblicher Teil der flüssigen Mittel von FIH und ein 10 Mio Darlehen wurden Ende 2018 in Investment Properties investiert und zwar in Gewerbeflächen der Kunsthandels- und Kunstlagersparte Momart, für die bisher Miete zu zahlen war. Auch ein Teil der eigenen Verwaltung könnte dort einziehen, wenn in 4 Jahren der Mietvertrag für bisher genutzte Büros ausläuft.

The £19.6 million acquisition of the freehold of the 100,000sq ft art storage warehouses at Leyton, formerly leased by the company, saw rent savings of £0.22 million in the 3½ months to the end of the financial year and helped boost operating profits by £0.16 million, after taking account of increased depreciation.
(100,000sq ft sind ca. 9.300 qm)

Zusammen mit den Immobilien und Landreserven auf den Falklands ist FIH damit wieder mehr zur Immobiliengesellschaft geworden.

The Group had 54 completed investment properties at 31 March 2019, comprising commercial and residential properties in the Falkland Islands, which are held for rental, together with approximately 400 acres of land in and around Stanley. This includes 18 acres for industrial development and 25 acres of prime mixed-use land.

[Andrija]

http://www.the-falkland-islands-co.com/
An den Link konnte ich mich zumindest nicht mehr erinnern. Ganz informativ die Kundenansprache.

[Andrija]

Full Year Trading Update - Kurs hausiert bei minimalem Umsatz

Wed, 10th Apr 2019 07:00
RNS Number : 6895V
FIH Group PLC
10 April 2019
FIH group plc

("FIH" or "the Group")

Full Year Trading Update

Full Year Earnings performance ahead of expectations

FIH group plc ("FIH"), the AIM quoted international specialist services group with businesses in the Falkland Islands and UK, is pleased to provide an update on the Group's trading performance for the year ended 31 March 2019.

Margins at Momart have continued to improve during the year, and in addition, a provision for a potential claim, made in the March 2018 accounts, has now been able to be released.

As a result, the board expects that subject to the completion of the audit, the Group will deliver a Pre-Tax profit that will exceed market expectations by a comfortable margin.

In line with our normal practice, we will publish our annual report and accounts in mid-June.