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Capital Ideas
- BY: Andrew Hore |
- POSTED: 02/02/2009 |
Capital Ideas does not think there are any benefits to remaining on Aim.
It expects to save £100,000 by leaving Aim. It also believes it will be easier to make business decisions and acquisitions.
An EGM will be held on 27 February to obtain shareholder approval for the cancellation.
Capital’s main operations are financial publishing, turnaround investments, selling hotel rooms to private investors and selling gold to private investors.
Net cash was £20,000 at the end of October 2008. The net asset value is £2.22m - or £1.31m excluding intangible assets.
Following the news of the cancellation of the Aim quotation the shares slumped 0.13p to 0.2p each, which values Capital at £570,000.
Capital reported a profit of £255,000 on revenues of £1.5m in the six months to October 2008. This includes the first contribution from the financial publishing business.
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