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ADVFN, where will the Shareprice go now (part II)..
isis - Thu, 21 Dec 06 :
Stange ONL's figures say embargoed until 1.30pm
n-Line PLC
19 December 2006
Embargoed for release until 1.30 pm 19th December 2006
On-line PLC
('On-line' or 'the Company')
Preliminary Results for the Year Ended 30 June 2006
On-line today announces preliminary results for the year ended 30 June 2006.
For further information, please contact:
On-line Plc
Michael Hodges, Chairman and Managing Director mikeh@advfn.com
On-line PLC
Chairman's Statement
You will notice that our results for this year are shown for the Company,
whereas previously figures were consolidated for the Group. This change is due
to accounting requirements as we no longer have any operating subsidiaries; with
all of our investments now being either associates or trade investments.
In the past year we have been busy working with our investments, which, I'm
happy to report have been developing to plan.
ADVFN Plc
ADVFN has undergone a transformation; it is no longer solely a UK-centric stocks
and shares website. It has geo-targeted, native language versions of the site
in Italy, Japan, Brazil, Germany, France, India and the USA. ADVFN is operating
on a global basis, while enjoying the cost benefits of managing its sites
in-house.
ADVFN has now become an international brand. Its tactics are to address familiar
markets from London and partner in territories such as Japan and Brazil which,
although exciting and potentially lucrative, are hard for it to approach
directly. It has made acquisitions when opportunities have arisen and is now in
a position where it has all the pieces in place to grow in territories it has
already entered and can replicate this model in new global markets.
Since the year end ADVFN has made big strides towards its growth strategy by
buying InvestorsHub.com and Silicon Investor - two top five online investment
community websites in the North American market which have over 100 million
combined monthly page views.
Equity Holdings Limited, which was acquired by ADVFN in February of this year,
has exceeded its first turnover milestone, in respect of the financial year to
June 2006. Equity Development's core product is high quality equity research.
Their profitable financial year saw a rise of over 40% in the number of
companies paying for this product. In addition, Equity Development was able to
expand its range of services approved by the FSA and became an authorised
Corporate Adviser for companies on the thriving PLUS Markets exchange.
All IPO Plc
All IPO Plc achieved FSA regulatory authorisation in August 2005 and LSE
membership in May 2006, and has since focused on building up both customer base
and profile with investment banks and brokers in the City. As it has been
introducing City investment banks to its platform it has had the opportunity to
make various IPOs available to its growing user base of private investors and
consequentially has linked up with Stocktrade and Etrade to bring the All IPO
platform to their customers.
The British Government has stated that it wishes to privatise many of its
shareholdings in enterprises such as the Tote and British Energy and All IPO is
working hard to win inclusion for the private investor via the All IPO platform.
Since the year end All IPO has launched an IPO discretionary service joint
venture with Redmayne Bentley Stockbrokers. By combining All IPO's platform and
technical skills with Redmayne Bentley's award winning discretionary investment
management, it should significantly broaden the spectrum of IPO investments to
which the private investor can gain exposure and we are excited about it's
prospects.
Michael Hodges
Chairman
19 December 2006
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