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(CSH.L) Caspian Holdings PLC Buy/Sell
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Summary
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| Date/Time | Headline | Source |
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| 30-10-09 | RNS |
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RNS Number : 7170B Caspian Holdings plc 30 October 2009 Caspian Holdings Plc (the "Company") 30 October 2009 Issue of Shares The Company has today issued 2,823,529 ordinary shares to creditors in settlement of fees for services performed for the Company. Application will be made for the new ordinary shares to be admitted to AIM which is expected to occur on 5 November 2009. Following this issue, the Company currently has 366,065,131 Ordinary Shares of 0.1p in issue.
www.caspianoil.co.uk This information is provided by RNS The company news service from the London Stock Exchange END
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| 12-10-09 | AFX UK Focus |
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LONDON, Oct 12 (Reuters) - Caspian Holdings PLC:
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 12-10-09 | RNS |
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RNS Number : 6489A Caspian Holdings plc 12 October 2009 12 October 2009
CASPIAN HOLDINGS PLC
STATEMENT REGARDING SHARE PRICE MOVEMENT The Directors Caspian Holdings Plc (the "Company"), note the recent movement in the Company's share price. The Directors are not aware of any reason behind the share price movement and confirm that there is no material information relating to the Company which was not previously announced on 30 September 2009 with the Company's interim results for the six months ended 30 June 2009. Enquiries:
T: +44 (0) 7791 288381 T: +44 (0) 20 7383 5100 T: +44 (0) 20 7538 1166 www.caspianoil.co.uk This information is provided by RNS The company news service from the London Stock Exchange END
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| 30-09-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 9853Z
Caspian Holdings plc
30 September 2009
30 September 2009
CASPIAN HOLDINGS PLC
INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 2009
Caspian Holdings (the "Company"), the oil and gas development company with assets in the USA and Kazakhstan, announces its interim results for the 6 months to 30 June 2009.
Highlights
* Debt for Equity Swap Agreement Approved by Shareholders
* Operating loss reduced substantially reduced to £21,871 (2008 loss £ £299,449)
Events since the balance sheet date
* Completion of Debt for Equity Swap
An extract of the Interim results for the Company for the six months ended 30 June 2009 is presented below. A full version of these will be available on the Company website www.caspianoil.co.uk
Enquiries:
Caspian Holdings Plc Grant Thornton UK LLP Hoodless Brennan
Michael Masterman Fiona Owen
T: +44 (0) 7791 288381 T: +44 (0) 20 7383 5100 T: +44 (0) 20 7538 1166
www.caspianoil.co.uk
Chairmans Statement
The current year has been challenging for Caspian Holdings Plc (the "Company"). The Company reached an agreement to convert its outstanding loan notes and major creditor positions to equity at an issue price of £0.005. At the Annual General Meeting of the Company held on 29 June 2009, the Shareholders approved the debt equity swap, which resulted in the issue of 230,423,326 shares and the removal of major liabilities from the balance sheet, and helped improve the financial position of the Company, post the close of the financial period under review.
Further to the announcement of 10 August 2009, after some short administrative delays, the Company continues to progress the sale of the core and non core field equipment at Zhengeldy. Progress is slowly being made towards initial equipment sales and shareholders will be kept upto date with progress. In the event that equipment sale realisation is delayed or becomes problematic, then the Company would need to raise capital to continue to meet its obligations when they fall due. The Company will keep the market updated on any the development on the sale of the assets.
The interim financial results reflect a period of the low activity of the Company. Costs have been reduced in line with activity. For the six months to 30 June 2009 the financial results show a loss after taxation of £74,539 compared to £1,176,224 in the previous year.
CASPIAN HOLDINGS Plc - GROUP INCOME STATEMENT
FOR THE SIX MONTHS ENDED 30 JUNE 2009
Unaudited Six Months Unaudited Six Months Audited
to 30 June to 30 June Year to 31
December
Notes 2009 2008 2008
TURNOVER 2 - 48,870 48,870
Cost of sales - (110,093) (110,093)
GROSS LOSS - (61,223) (61,223)
Administrative expenses (21,871) (238,226) (4,261,265)
OPERATING LOSS (21,871) (299,449) (4,322,488)
Exchange gains/losses in period (38,163) 143,838 -
Adjustment in fair values of fixed assets - (1,000,000) -
Provisions created in period
Deferrals created in the period
- (15,120) -
- 11,128 -
Finance income
4 1,148 -
Finance costs (14,509) (17,769) (74,658)
LOSS BEFORE TAXATION (74,539) (1,176,224) (4,397,146)
Taxation 3 - - -
RETAINED LOSS FOR THE 5
FINANCIAL PERIOD £(74,539) £(1,176,224) £(4,397,146)
Basic and diluted profit/(loss) per share 4 (0.05)p (1.15)p (2.52)p
CASPIAN HOLDINGS Plc - GROUP BALANCE SHEET
as at 30 JUNE 2009
Unaudited 30 June Unaudited 30 June Audited
2009 2008 31
December
Notes 2008
ASSETS
NON-CURRENT ASSETS
Goodwill 242,895 - 278,242
Intangible assets - 145,354 -
Property, plant and equipment - 2,144,132 -
242,895 2,289,486 278,242
CURRENT ASSETS
Inventories - 211,477 -
Trade and other receivables 8,533 767,174 23,598
Cash and cash equivalents 1,324 246,412 36,918
9,857 1,225,063 60,516
LIABILITIES
CURRENT LIABILITIES
Bank Overdraft
Trade and other payables 2,955 - -
Financial liabilities - 471,340 535,782 532,762
borrowings
Interest bearing loans and
borrowings 799,969 - 799,969
Provisions - 50,297 -
1,274,264 586,079 1,332,731
NETCURRENTASSETS/(LIABILITIES) (1,264,407) 638,984 (1,272,215)
NON CURRENT LIABILITIES
Trade and other payables
Financial liabilities - - 91,468 -
borrowings
Interest bearing loans and
borrowings - 799,969 -
- 891,437 -
NET ASSETS/(LIABILITIES) £(1,021,512) £2,037,033 £(993,973)
SHAREHOLDERS EQUITY
Called up share capital
5 132,818 118,399 124,649
Share premium account 5 10,022,725 9,940,145 9,983,895
Revaluation reserve 5 - 26,272 -
Translation reserve 5 - (117,846) -
Profit and loss account 5 (11,177,056) (7,929,937) (11,102,517)
TOTAL SHAREHOLDERS EQUITY £(1,021,512) £2,037,033 £(993,973)
CASPIAN HOLDINGS Plc - GROUP CASH FLOW STATEMENT
FOR THE SIX MONTHS ENDED 30 JUNE 2009
Unaudited Six Months Unaudited Six Months Audited
to 30 June to 30 June Year to 31 December
2009 2008 2008
Notes
Cash flows from operating
activities
Cash generated from operations 1 (71,044) (324,502) (251,646)
(14,509) (17,769) (74,658)
Finance cost
(85,553) (342,271) (326,304)
Net cash from operating
activities
Cash flows from investing
activities -
Proceeds from disposal of - (76,883) -
fixed assets - (4,029) -
Purchase of intangible fixed - 1,148 -
assets 4 -
Purchase of tangible fixed
assets (79,764)
Finance income 4 -
Net cash from investing
activities
Cash flows from financing
activities
Share issue 47,000 485,200 5 35,200
Receipt of loan - 99,993 2 3,010
Repayment of financial
liabilities - borrowings
Interest bearing loans and
borrowings
- -
-
Net cash from financing
activities 47,000 585,193
5 58,210
Cash flow from Acquisitions
and Disposals
Acquisition of Subsidiary
New asset acquired with
Subsidiary - - (278,242)
- - -
- - £ £(278,242)
(Decrease)/Increase in cash (38,549) 163,158 (46,336)
and cash equivalents
Cash and cash equivalents at
beginning of year 2 36,918 83,254 83,254
Cash and cash equivalents at 2 £(1,631) £246,412 £36,918
end of year
STATEMENT OF CHANGES IN EQUITIES FOR THE PERIOD 1 JANUARY 2009 TO 30 JUNE 2009
Share Revalua Translation Share Profit and Total
Capital -tion Reserve Premium Loss Account Shareholders
Group Reserve Fund
Loss for the financial year (74,539) (74,539)
Shares issued 8,170 ___ - ___- 38,830 ___- 47,000
Net additions to shareholders'
funds
8,170 - - 38,830 (74,539) (27,539)
Opening shareholders' funds 124,649 ___- ___- 9,983,895 (11,102,517) (993,973)
Closing shareholders' funds 132,819 ___ - ___ - 10,022,725 (11,177,056) (1,021,512)
NOTES TO ACCOUNTS (EXTRACTS)
1. BASIS OF PREPARATION
These financial statements have been prepared in accordance with International Financial Reporting Standards and IFRIC interpretations and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The financial statements have been prepared under the historical cost convention.
The interim results are unaudited but have been reviewed by the auditors. The financial statements herein do not amount to full statutory accounts within the meaning of Part 15 of the Companies Act 2006.
Going concern - the Company reached an agreement on 29 June 2009 to issue 230,423,326 new ordinary shares to noteholders and creditors in relation to the debt for equity swap agreement, and which were duly issued on 3 July 2009. The Company is also continuing to undertake the realisation of proceeds from the sale of Zhengeldy Equipment to provide income cashflow.
Based on the Directors expectation that significant proceeds will be realised from the sale of this equipment, the Directors are satisfied that the Group (the Company and its subsidiaries) has sufficient resources to continue its operation, and to meet its commitments in the foreseeable future. The financial statements have therefore been prepared on the going concern basis.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| Mon 22:54 | ||||
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Wow this bb is quiet, some bb's you can't get a post in edge ways
 Well does anyone have any updates or good news, I haven't done a lot of research on this to be honest. More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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| 06-11-09 |
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Have a look at the Goldstone Resources (GRL). This has released a new RNS on licensing rights in Senegal. The SP has gone up by 25% today and more upside is expected to come.
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| 23-10-09 | ||||
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What region do you mean Wildhogget ?
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| 22-10-09 | ||||
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Problem is........I don't have crystal ball?? jajaja..
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