Memorandum of Association (FIH Group plc). No responsibility is accepted by or on behalf of the LSE for any errors, omissions, or inaccurate Information on this webpage. We accept no liability for the result of any action taken on the basis of the Information or for any loss from use of this webpage. In 1997, Anglo United, which had an unsustainable amount of debt, underwent a capital reconstruction and distributed shares in Falkland Islands Holdings plc to its shareholders. The Board is confident that this focussed and long term approach will lead to more sustainable capital growth and greater overall returns for shareholders in the long term. July 2012, £10.0m equity capital raising some of which is connected with London Stock Exchange plc("LSE")(the "LSE Information") and some of which is connected with (and has been made available on LSE's platform by the company that this particular webpage is dedicated to (the "company Information"), LSE attempts to ensure the LSE information is accurate, but has not and does not in any way review the Company Information and both sets of information are provided for information purpose only and are provided "AS IS" and on an "AS AVAILABLE" basis and may not be accurate or up to date. FIH Group plc is a UK incorporated AIM listed international services group that owns essential services businesses in the Falkland Islands and the UK. Established by Royal Charter in 1852, FIC's activities include retailing, property, automotive, insurance, tourism shipping and fishing agency services. FIH shares have traded on the Alternative Investment Market (AIM) in London since 13 January 2003. and FIH acquired Portsmouth Harbour Ferry Company for £7.5m.[2]. The Portsmouth Harbour Ferry Company (PHFC) has a history almost as long as that of its fellow subsidiary, The Falkland Islands Company. The fairly low revenue growth fails to impress given that the EPS is down.
[10][11][12] In April, Staunton Holdings' offer failed to gain enough shares, resulting in a withdrawal of the takeover and sale of Blackfish's (a Staunton affiliated company) 20% shareholding in the company. These will be displayed at the point of publication, but show the date/time of execution as with other trades. Skip to main content. The Board is keen to focus on a long term growth strategy to fully develop the potential of its existing businesses in both the Falklands and the UK and believes that a policy of re-investing profits to support accelerated growth will yield long term benefits for shareholders. Momart is an acknowledged authority on the handling of fine arts and antiquities and has built up an unparalleled reputation in the logistics, storage and installation of works of art.
[8] In response Staunton reduced the requirement of 90% of the share capital to be purchased from the offer to 50%. Privacy Notice and
FIH Group plc is a UK incorporated AIM listed international services group that owns essential services businesses in the Falkland Islands and the UK. The Board is confident that significant investment opportunities exist in both the Falkland Islands, where the Group is well placed to capitalise on the recent further positive news of commercial oil discoveries and planned infrastructure development , and in the UK where the Group already has two strong specialist services businesses. FIH subscribes £2m increasing its share holding to 18.3%. Intraday data delayed at least 15 minutes or per exchange requirements. Despite this change of name, the Group’s Falklands business, the Falklands Islands Company ("FIC"), remains a core part of the Group. FIH GROUP PLC - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity.
This reduced FIH's holding to 12.0 million shares (8.2%). £3.3m came from the sale of shares in Falkland Oil and Gas in November 2009. Something went wrong while loading Watchlist.
A Look at FIH group plc's Growth Numbers. FIH Group plc is a UK incorporated AIM listed international services group that owns essential services businesses in the Falkland Islands and the UK. FIH group plc has reduced its earnings per share by 37% a year over the last three years. In June 2004 Falkland Oil and Gas Limited (FOGL) was established with financing to carry out a 2D seismic survey over its 33,000 km2 offshore licence to the South and East of the Falklands. Historical and current end-of-day data provided by FACTSET. In February 2006, FIH sold 1.8m shares in (FOGL), realising £2.4m and reducing its holding back to 16.3%. In July 2010, FIH's market value was around £36m. 20 August 2020 FIH group plc ("FIH" or "the Company") Posting of Annual Report & Notice of AGM. Cookie Notice. FIH Group Plc, formerly Falkland Islands Holdings plc is a holding company. Sign in / Register; Search for a company or officer Search. It operates through the following segments: General Trading, Ferry Services, and Art Logistics and Storage. Intraday Data provided by FACTSET and subject to terms of use. The proceeds from the share issue will be used to develop the Group's assets in the Falkland Islands in anticipation of the economic growth that the Board believe will follow. FIH raised £10.0 million gross from a share issue at 320p per share. In January 2012 FIH participated in the placing of new shares by FOGL by subscribing for 2 million new shares at a cost of £0.86 million (43 pence per share). The Company is engaged in general trading in the Falkland Islands, the operation of a passenger ferry service across Portsmouth Harbor in the United Kingdom, and the provision of international arts logistics and storage services. The Company, through its subsidiaries, provides general trading, passenger ferry, and international arts logistics and storage services. Operations in the Falkland Islands date back 160 years to 1852 when the Falkland Islands Company ("the Company") was granted its Royal Charter.
The Portsmouth Harbour Ferry Company (PHFC) has a history almost as long as that of its fellow subsidiary, The Falkland Islands Company. The company was founded on August 7, 1997 and is headquartered in Bishop's Stortford, the United Kingdom.
In October 2004 FOGL raised £12m and its shares were admitted to AIM, capitalising the Company at £32m. Copyright © 2020 MarketWatch, Inc. All rights reserved. FIH GROUP PLC FIH Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals Consistently profitable since its flotation in 1998 the group owns three distinct and commercially separate businesses. No action should be taken or omitted to be taken in reliance upon information on this webpage. September 2016 the group changed its name to FIH Group plc to more properly reflect the balance of the group’s activities which are now predominantly in Europe and the UK. By using this site you agree to the In February 2017 Staunton Holdings made a takeover offer of £3 per share with a total value of £37.3 Million. [7] In March, Dolphin fund owned by billionaire Eduardo Elsztain requested information about the company in order to make its own takeover bid. Consistently profitable since its flotation in 1998 the group owns three distinct and commercially separate businesses.
Few shareholders would be pleased to read that EPS have declined. In the Falkland Islands the group owns, “The Falkland Islands Company (FIC)”, which provides essential services to the people of the Falklands. Display price followed by previous trading day date. Anglo United shareholders received 1 share in FIH for every 300 shares of AU.[1]. Trading Update for the year ended 31 March 2020.
It made a pretax profit of £5.669m in the year ended 31 March 2010 on revenue of £29.224m. Over the last 10 years since FOGL's flotation, FIH has generated over £8 million in cash proceeds and £5 million in profits from its highly successful investment in FOGL [5], January 2016 the company had a capital reorganisation involving a share consolidation (1000 to 1) and split (1 to 1000) decreasing the number of shareholders from 2139 to 510.[6]. © 2020 London Stock Exchange. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Consistently profitable since its flotation in 1998 the group owns three distinct and commercially separate businesses. The Portsmouth Harbour Ferry Company (PHFC) has a history almost as long as that of its fellow subsidiary, The Falkland Islands Company. Its other main businesses are the Portsmouth Harbour Ferry Company, which operates the Gosport Ferry in the south of England, and a London-based art storage and transport company called Momart. In December 2006, FOGL raised an £8m convertible loan to fund its ongoing exploration programme. This website contains text, data, graphics, photographs, artworks, names, logos, trademarks and information ("Information").
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May 2015, the last 5 million shares in Falkland Oil & Gas ("FOGL") sold for £1.4 million, generating a profit of £0.4 million for the Group.With the sale of these 5 million shares, FIH completed the realisation of its investment in FOGL. Visit a quote page and your recently viewed tickers will be displayed here. Momart is an acknowledged authority on the handling of fine arts and antiquities and has built up an unparalleled reputation in the logistics, storage and installation of works of art. In February 2004 Falkland Gold and Minerals Limited (FGML) was established with financing to carry out an aero magnetic survey of the Falklands to exploit its exploration licence covering the whole of the Island. FIH group plc. FIH group plc (LSE: FIH) or FIH (formerly Falkland Islands Holdings plc) is a British conglomerate which operates in the Falkland Islands through the Falkland Islands Company. The Portsmouth Harbour Ferry Company (PHFC) has a history almost as long as that of its fellow subsidiary, The Falkland Islands Company. Posting of annual report and Notice of AGM, Discover the world’s international exchange, What should you consider before investing, Conflict of interest policy & UK bribery act. [4], March 2015 FIH sold 7.825 million shares in FOGL for £1.6 million (29 pence per share), generating a profit of £0.7 million and reducing its holding to 5.0 million shares (0.9%). The Group’s strategy is to concentrate on the development and expansion of its existing market leading businesses, through investment in its physical resources and people to enable the steady expansion and development of its service offering. Discover historical prices for FIH.L stock on Yahoo Finance. In January 2007 FIH sold 100% of its holding in FGML for 6p per share to RAB Capital and in October 2007 FOGL announced a farm-in deal with BHP Billiton to fund drilling programme in South Atlantic. [9] The announcement of a potential takeover by an Argentinian group gained press coverage due to the highly political nature of the islands. In March 2008 FIH acquired 100% of Momart, a UK market leader in the handling and storage of fine art and antiquities, for £10.27m.[3]. Information on this webpage may or may not have been prepared by LSE but is made available without responsibility on the part of LSE. In the UK the group owns the Portsmouth Harbour Ferry Company (PHFC), which operates a passenger ferry service across Portsmouth Harbour.