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DJ Globe Capital Limited Interim Results for the nine months to 30 September 2016

 
TIDMGCAP 
 
30th December 2016 
 
                             Globe Capital Limited 
                      ("Globe Capital" or the "Company") 
 
        Interim Results for the nine months period to 30 September 2016 
 
Chairman's Statement 
 
Globe Capital Limited is pleased to announce its unaudited interim results for 
the 9 months period to 30 September 2016. Operational costs for the period 
amounted to GBP105k compared to GBP85k for the 6 months to June 2016 (6 months to 
June 2015 - GBP56k) 
 
At the start of the year, the Company realigned its investment focus towards 
the retail sector with an emphasis on menswear. Following which, the Company 
made its maiden investment with a 25% interest in Sterling Craig Ltd, a UK 
based online retailer for men's fashion. 
 
In January 2016, the Company raised GBP100k in new equity. The Directors continue 
to seek further investment capital and hope to report on this in the near 
future. Meanwhile, operational costs will be kept at a minimum until additional 
funds are raised. 
 
The Board continues to review potential acquisitions which is reliant on new 
investment being achieved by virtue of equity or loan capital. 
 
The company continues to be supported by loans arranged by the company's 
directors. 
 
Further announcements will be made in due course. 
 
David Barnett 
Chairman 
30 December 2016 
 
 
Globe Capital Limited 
Statement of Comprehensive Income 
Nine months ended 30 September 2016 
 
                                9 months  6 months        6 months           Year 
                                   ended     ended           ended          ended 
                            30 September   30 June         30 June    31 December 
                                    2016      2016            2015           2015 
 
                                GBP '000  GBP '000        GBP '000       GBP '000 
 
Revenue                                -         -               -              - 
 
Other Income                           -         -               -              - 
 
Gross Profit                           -         -               -              - 
 
Administrative Expenses            (105)      (85)            (56)          (129) 
 
Profit / (Loss) from               (105)      (85)            (56)          (129) 
Operations 
 
Finance Costs                          -         -               -              - 
 
Profit / (Loss) Before             (105)      (85)            (56)          (129) 
Taxation 
 
Taxation                               -         -               -              - 
 
Other Comprehensive Loss               -         -               -              - 
 
Profit / (Loss) for the            (105)      (85)            (56)          (129) 
period 
 
Earning / (Loss) per share 
 
Basic & Diluted (pence)          (0.12)p   (0.10)p         (0.08)p        (0.17)p 
 
 
 
 
Globe Capital Limited 
Balance Sheet as at 30 September 2016 
 
                              30 September       30 June     30 June   31 December 
                                      2016          2016        2015          2015 
 
                                  GBP '000      GBP '000    GBP '000      GBP '000 
 
Non-current assets 
 
Property, plant and                      -             -          17             6 
equipment 
 
Investments                             14            14           -             - 
 
Current assets 
 
Prepayments                              5             6           3             - 
 
Cash and cash equivalents                5             4          11            10 
 
Total Assets                            24            24          31            16 
 
Current Liabilities 
 
Trade and other payables                23            38           7            65 
 
Financial Liabilities -                  -             -           -             - 
Borrowings 
 
Creditors: falling due after 
more 
Than one year 
 
Loans                                   35             -           -             - 
 
Total Liabilities                       58            38           7            65 
 
Net Assets                            (34)          (14)          24          (49) 
 
Shareholders' Equity 
 
Share Capital                          639           639         627           627 
 
Reserves                             (673)         (653)       (603)         (676) 
 
Total Equity                          (34)          (14)          24          (49) 
 
 
 
Globe Capital Limited 
Statement of Cash Flows 
Period ended 30 September 2016 
 
 
                                         9 months  6 months    6 months 
                                            ended     ended       ended  Year ended 
                                     30 September   30 June     30 June 31 December 
                                             2016      2016        2015        2015 
 
                                         GBP '000  GBP '000    GBP '000    GBP '000 
 
Profit/(Loss) before tax                    (105)      (85)        (56)       (129) 
 
Adjustment: 
 
Other income                                    -         -           -           - 
 
Depreciation                                    6         6          11          22 
 
Operating profit/(loss)                      (99)      (79)        (44)       (107) 
 
Cash flows from operating 
activities 
 
(Increase)/decrease in trade and              (5)       (6)         (3)           1 
other receivables 
 
Increase/(decrease) in trade and              (7)      (27)         (1)          57 
other payables 
 
Share based payments                           20        20           -           - 
 
Cash utilised in operations                  (91)      (92)        (48)        (49) 
 
Cash flows from investing 
activities 
 
Bank interest received                          -         -           -           - 
 
Purchase of investments                      (14)      (14)           -           - 
 
Net cash from investing activities           (14)      (14)           -           - 
 
Cash flows from financing 
activities 
 
Issue of new shares                           100       100           -           - 
 
Net cash from financing activities            100       100           -           - 
 
(Decrease)/increase in cash and               (5)       (6)        (48)        (49) 
cash equivalents 
 
Cash and cash equivalents at the               10        10          59          59 
beginning of the period 
 
Cash and cash equivalents at end of             5         4          11          10 
period 
 
Cash at Bank C/F                                4         4          11          10 
 
The financial information set out above has not been reviewed or audited by the 
company's auditors. 
 
Basic and diluted profit per share is calculated by dividing the loss for the 
period of GBP105,000 (Jun 15: loss GBP56,000) by the weighted average number of 
ordinary shares of 87,773,045 (Jun 15: 74,638,800). 
 
The directors of Globe Capital Limited accept responsibility for this 
announcement. 
 
For further information: 
Globe Capital Limited 
Christopher Neo, Company Secretary 
+44 (0)20 3286 6388 
 
CORPORATE ADVISER AND CONTACT DETAILS: 
Alexander David Securities Limited 
David Scott 
Telephone: +44 (0) 20 7448 9820 
 
49 Queen Victoria Street EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

December 30, 2016 06:44 ET (11:44 GMT)