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DJ Lombard Capital PLC Half-year Report

 
TIDMLCAP 
 
LOMBARD CAPITAL PLC 
("Lombard" or the "Company") 
 
 
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018 
 
CHAIRMAN'S STATEMENT 
 
 
Dear shareholder 
 
Your current board of directors continues to focus on investment opportunities 
and the issuance of asset backed investment bonds for listing on a recognised 
exchange. 
 
My report for the 6 months unaudited figures to 30th September 2018 shows a 
comprehensive loss of GBP74,697. This loss is attributable to the overhead 
costs incurred during the period. 
 
During the period your directors have continued to issue unsecured convertible 
loan notes and warrants to raise funds to cover overheads and for selected 
investment purposes. 
 
Your directors have continued to progress towards our target of issuing an 
asset backed investment bond. The project is currently making significant 
progress towards issuance and listing on a recognised bond market. A further 
announcement will be made as soon as we finalise arrangements. 
 
I look forward to the future with enthusiasm and thank all my colleagues and 
our professionals for their support and advice. 
 
I also thank you all as shareholders for your continuing support. 
 
 
David Grierson. 
Chairman 
Lombard Capital Plc. 
 
21 December 2018 
 
 
The directors of Lombard Capital Plc accept responsibility for this 
announcement. 
 
For further information please contact: 
 
Brent Fitzpatrick 
Tel:  07718 883813 
 
NEX Exchange Corporate Adviser: 
Alfred Henry Corporate Finance Limited 
Nick Michaels:  020 3772 0021 
 
 
 
 
Condensed Statement of Comprehensive Income 
 
Six months ended 30 September 2018 
 
                                            6 Months       Year       6 Months 
                                             ended        ended        ended 
 
                                           30/09/2018   31/03/2018   30/09/2017 
 
                                           Unaudited     Audited     Unaudited 
 
                                               GBP            GBP            GBP 
 
Continuing operations 
 
Investment income                                   -            -            - 
 
Operating expenses                           (74,697)    (384,658)    (180,518) 
 
Impairment of investments                         -            -            - 
 
Operating loss and loss before taxation      (74,697)    (384,658)    (180,518) 
 
Taxation                                          -            -            - 
 
Loss for the period, attributable to the     (74,697)    (384,658)    (180,518) 
owners 
 
Impairment of investments -                       -            -            - 
reclassification to income statement 
 
Market value adjustment to investments            -            -            - 
 
Total comprehensive loss for the period      (74,697)    (384,658)    (180,518) 
 
Loss per share, basic and fully diluted         (1.8)       (11.1)        (5.4) 
(in pence) 
 
 
 
Condensed Statement of Financial Position 
 
As at 30 September 2018 
 
 
                                          30/09/2018    31/03/2018    30/09/2017 
 
                                           Unaudited      Audited      Unaudited 
 
                                               GBP             GBP             GBP 
 
Non-current assets 
 
Available for sale investments                112,500       112,500       112,500 
 
Current assets 
 
Trade and other receivables                   176,216             0         7,800 
 
Cash and cash equivalents                       4,130         2,154        59,758 
 
                                              180,346         2,154        67,558 
 
Total assets                                  292,846       114,654       180,058 
 
Equity 
 
Ordinary shares                                 4,219         4,219         3,401 
 
Deferred shares                               189,897       189,897       189,897 
 
Share premium                                 954,574       954,574       873,528 
 
Share option reserve                           80,300        80,300        13,160 
 
Investment revaluation reserve                100,184       100,184       100,184 
 
Retained earnings                         (1,638,166)   (1,563,469)   (1,359,329) 
 
                                            (308,992)     (234,295)     (179,159) 
 
Current liabilities 
 
Trade and other payables                      601,838       348,949       359,217 
 
Total equity and liabilities                  292,846       114,654       180,058 
 
 
 
Notes to the financial statements 
 
Six months ended 30 September 2018 
 
 
1. Basis of preparation 
 
 
The financial statements for the six months ended 30 September 2018 are 
unaudited and do not constitute statutory accounts as defined in Section 434 of 
Companies Act 2006. The financial information for the year ended 31 March 2018 
is extracted from the audited statutory accounts for the year then ended which 
have been delivered to the Registrar of Companies. The audit report on those 
accounts was unqualified and did not contain a statement under Section 498(2) 
or (3) of Companies Act 2006. 
 
The financial information for the six months ended 30 September 2018 has been 
prepared on the basis of the accounting policies set out in the full annual 
financial statements of the company for the year ended 31 March 2018. 
 
2. Earnings per share 
 
 
The basic and diluted earnings per share is calculated by dividing the loss 
attributable to the owners of the company by the weighted average number of 
ordinary shares in issue during the period. 
 
The weighted average number of shares in issue at 30 September 2018 was 
4,219,157 (31 March 2018 3,455,865). 
 
3. Investments                             30/09/2018    31/03/2018   30/09/2017 
 
                                            Unaudited       Audited    Unaudited 
 
                                                    GBP             GBP            GBP 
 
Investments at cost less impairment           112,500       112,500      112,500 
 
Impairments: Reclassified from reserves             0             0            0 
 
                                                    0             0            0 
Recognised in the year 
 
Market value adjustment                             0             0            0 
 
Market value at period end                    112,500       112,500      112,500 
 
 
 
 
END 
 

(END) Dow Jones Newswires

December 21, 2018 10:49 ET (15:49 GMT)