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DJ FT8 plc Half-year Report

 
TIDMGFT 
 
FT8 PLC 
                             (FT8 or the Company) 
 
            UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2016 
 
The Company announces its unaudited results for the six months ended 30 June 
2016. 
 
CHAIRMAN'S STATEMENT 
 
The Directors of FT8 present the interim results for the six months ended 30 
June 2016. In accordance with Appendix 5 of the ISDX Rules, the Directors 
advise that these accounts are unaudited. 
 
In line with Company investment strategy over the last six months the board and 
management has focussed on the key elements of our strategy which are: 
 
Develop the USA Health Care investment market with our partners; 
 
Maintain a strong relationship with our important technology partners; 
 
Explore and develop the traditional investment opportunities in the ASEAN 
region; 
 
Review and assess a number of Fintech investments; 
 
Broaden the skills and experience of the FT8 board of directors: 
 
Expand the available capital resources of the Company. 
 
The FT8 USA team have been active in pursuing a number of additional health 
care investment opportunities that are in the same or similar business sector 
to that of Homeland Health Care. It is envisaged that new investment 
arrangements will be forthcoming over the coming months. 
 
Continued efforts to maintain a strong business relationship with our 
technology partners is ongoing for the USA team. 
 
In the ASEAN region the local investment development work has begun to refine a 
number of significant investment opportunities for the traditional cards 
systems and loyalty programs. The formalisation of investment arrangements is 
likely to occur in early 2017. 
 
The establishment and confirmation of regional technology partners to support 
the new investment opportunities has been a significant focus for FT8 in the 
region. As such a number of companies have been extensively reviewed and FT8 is 
confident that new regional technology partnerships can be formalised in the 
coming period in order to support the new regional investment opportunities 
that have been identified. 
 
A number of companies have been reviewed over the period with a final set of 
opportunities identified for formal decisions within the next period. The 
Company views that in assessing an acquisition the opportunity to add skills 
and experience to the current board is an important criterion in its decision 
making process. 
 
The global and ASEAN development of new digital and crypto currencies plus the 
management and global trading of these currencies in the identified regional 
markets has presented FT8 with a number of exciting potential investment 
opportunities. 
 
The CEO and Chairman have spent considerable time in assessing and developing 
these investment opportunities for the Company in order to set the framework so 
that the Company is able to make formal decisions in the last quarter of 2016. 
 
A continuing issue for the directors and management over this period has been 
the constrained resources available to implement a number of important 
investment projects. However, a strong focus on expanding the capital resources 
of the Company has been implemented which should yield positive results and 
lead to an acceleration of the implementation of the identified investment 
opportunities over the ensuing months. 
 
The Directors again thank you for your patience and continued support. 
 
................................................... 
 
Phillip Pryor 
Chairman 
 
Date: 15 November 2016 
 
For further details please contact: 
 
Phillip Pryor, FT8 Plc +61 419 342 457 
Katy Mitchell, WH Ireland +44 161 832 2174 
 
 
INCOME STATEMENT 
FOR THE PERIOD ENDED 30 JUNE 2016 
 
                                                       2016                2015 
 
                                                        GBP                 GBP 
 
Revenue                                                   -                   - 
 
Administrative                                      381,650             379,049 
Expenses 
 
Interest receivable                                       0                   2 
and similar income 
 
                                                  (381,650)           (379,047) 
 
Interest payable                                     15,154                   - 
and similar charges 
 
LOSS BEFORE                                       (396,804)           (379,047) 
TAXATION 
 
Tax on loss                                               -                   - 
 
LOSS FOR THE PERIOD                               (396,804)           (379,047) 
 
 
STATEMENT OF FINANCIAL POSITION 
30 JUNE 2016 
 
                                   2016                      2015 
 
                                    GBP          GBP          GBP          GBP 
 
FIXED ASSETS 
 
Investments                                       69                         2 
 
CURRENT 
ASSETS 
 
Debtors:                         26,709                    23,368 
amounts 
falling due 
within one 
year 
 
Cash at bank                      2,979                    18,840 
 
                                 29,688                    42,208 
 
CREDITORS 
 
Amounts                         835,786                    84,913 
falling due 
within one 
year 
 
NET CURRENT                                (806,098)                  (42,705) 
(LIABILITIES) 
/ASSETS 
 
                                           (806,029)                  (42,703) 
 
CAPITAL AND 
RESERVES 
 
Called up                                 39,524,407                39,351,061 
share capital 
 
Share premium                              2,762,214                 2,762,214 
 
Other                                         17,400                    17,400 
reserves 
 
Retained                                (43,110,050)              (42,173,378) 
earnings 
 
SHAREHOLDERS'                              (806,029)                  (42,703) 
FUNDS 
 
 
 
 
END 
 

(END) Dow Jones Newswires

November 15, 2016 09:06 ET (14:06 GMT)