Angelfish Investments plc
LSE : ANGP

March 24, 2015 03:00 ET

Interim Results for the Half-Year ended 31 December 2014

24 March 2015
                                                        
                                            Angelfish Investments Plc
                                                        
                                            ("ANGP" or "the Company")
                                                        
                              Interim Results for the Half-Year to 31 December 2014
                                                        
The  board  of Angelfish Investments Plc (the "Board") today announces the Company's unaudited results  for  the
half-year  to  31  December 2014 (the "Period").  The Company reports an operating loss for  the  Period  before
dividends payable to preference shareholders of GBP 44,218 (half-year to 31 December 2013: GBP 38,488) and a  
retained loss for the Period of GBP 52,394.

Statement by the Board

During  the  six month period the Company has continued to invest into One Media Enterprises Limited ("OME")  in
stages  and in accordance with agreed milestones via a subscription for secured convertible loan notes  in  OME.
OME  is  a  UK incorporated holding company for a group of U.S. incorporated companies engaged in the  sourcing,
development,  marketing  and  distribution of computing tablets and other  mobile  devices.  As  stated  in  the
Strategic Report for the year ended 30 June 2014 the progress achieved by OME has been significantly slower than
originally forecast partly a result of working with large multi layered companies and partly due to the  limited
resources  available  to  OME. Nonetheless we still believe that OME has value and will  achieve  and  meet  its
original business plan to success.

The  directors  of Angelfish Investments plc will continue to appraise the merits and added value  of  providing
further  funding into OME by way of the convertible loan notes. However, in order that the Company's  future  is
not  solely reliant on OME, at the same time we are also exploring and appraising other investment opportunities
which are complementary to OME and in accordance with the Company's stated investment strategy.


Principal activities

The  principal activity of the Company is a quoted Investment Vehicle, which is quoted on the ISDX Growth Market
(formerly the PLUS-quoted market).

No  interim dividend is to be paid in relation to the Period.  No interim dividend was paid in relation  to  the
six months to 31 December 2013.

The Board intends to utilise the Company's ISDX Growth Market quotation to continue with its investment program,
with a view to increasing shareholder value.

On behalf of the Board

Andrew Flitcroft
Finance Director
Angelfish Investments Plc
23 March 2015


INTERIM INCOME STATEMENT (UNAUDITED)
For the six months ended 31 December 2014
                                                                    Angelfish Investments plc
                                                                ---------------------------------
                                                                 6 mths to             6 mths to
                                                                    31 Dec                31 Dec
                                                                      2014                  2013
                                                                       GBP                   GBP
                                                                                 
Turnover                                                            12,000                12,000
                                                              -------------          ------------  
Operating Expenses                                                       0                     0
Administrative Expenses                                            (56,218)              (50,488)
Other Operating Income                                                   0                     0
                                                                                 
Operating Loss on Ordinary                                    ------------           ------------       
       Activities Before Taxation                                  (44,218)              (38,488)
                                                                                 
Interest Receivable/(Payable)                                                    
       and Similar Charges                                          (8,176)                    0
                                                              ------------           ------------        
Loss on Ordinary Activities Before Taxation                        (52,394)              (38,488)
                                                                                 
Tax on Loss on Ordinary Activities                                      -                     -
                                                              -------------          -------------        
Retained Loss for Period                                           (52,394)              (38,488)
                                                              =============          =============


STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
As at 31 December 2014

                                                          Angelfish Investments plc
                                                    ------------------------------------
                                                      As at                       As at
                                                     31 Dec                      31 Dec
                                                       2014                        2013
                                                        GBP                         GBP
                                                                 
Assets                                                           
Non-current assets                                               
Property, plant and equipment                             0                           0
Goodwill                                                  0                           0
Other intangibles                                         0                           0
Investments                                         237,681                     162,379
                                                   --------                  -----------
                                                    237,681                     162,379
                                                   --------                  -----------
Current assets                                                   
Trade and other receivables                          88,381                     194,928
Cash and cash equivalents                           107,920                      24,490
                                                   --------                  -----------
                                                    196,301                     219,419
                                                   --------                  ------------
Total assets                                        433,982                     381,798
                                                   ========                  ============
                                                                 
Equity and liabilities                                           
Equity                                                           
Issued share capital                                 71,008                     488,458
Share premium                                             0                   3,550,543
Retained earnings                                   210,038                  (3,673,075)
                                                   --------                  -----------
                                                    281,046                     365,926
                                                   --------                  -----------
Non current liabilities                            
Loans and borrowings                                126,655                           0
                                                                 
Current liabilities                                              
Trade and other payables                             26,281                      16,070
                                                   --------                  -----------
Total liabilities                                   152,936                      16,070
                                                   --------                  -----------
                                                                 
Total equity and liabilities                        433,982                     381,996
                                                   ========                  ===========


NOTES:

1. The above financial information was approved by the Board on 23 March 2015.

2. The above financial information is unaudited and does not constitute statutory accounts within the meaning of
Section 434 of the Companies Act 2006.

3.  There  have not been any changes in accounting policies which affect the validity of the comparison  of  the
financial  information  presented  for  the six months to 31 December  2014  versus  the  comparative  financial
information presented for the six months to 31 December 2013.

4. The information in this announcement has not been reviewed by the Company's auditor.

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.

                                                    --ENDS--

Enquires:

Angelfish Investments Plc                                
Andrew Flitcroft                                         +44 (0)7769 591096
Finance Director                                         

ISDX Corporate Adviser                                   
Cairn Financial Advisers LLP                             
Avi Robinson/Liam Murray                                 +44 (0)207 148 7900
                                                         
Broker                                                   
SVS Securities Plc                                       
Kulvir Virk                                              +44 (0)203 700 0100
                                                         


About Angelfish Investments Plc

The  Company's ordinary shares are admitted to trading on the ISDX Growth Market in London. The Company has  the
ISDX trading symbol ANGP for its ordinary shares and the ISDX trading symbol ANGS for its preferences shares.

Contact Information

  • Angelfish Investments plc