2000
RNS Number:6913V Maisha PLC 12 December 2000
Doc Re Annual Report and Accounts 2000
A copy of the above document has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
Financial Services Authority 25 The North Colonnade Canary Wharf London
E14 5HS
Tel. no. (0)20 7676 1000
(Documents will normally be available for inspection within six normal business hours of this notice being given).
END
ACSBLBDDRSBGGGD
LONDON (AFX) - Maisha PLC said it is now effectively a "cash shell" and is seeking suitable acquisition opportunities.
The company said it still has the right to trade in Royal Jelly unit in the U.S. but no sales were achieved last year. Once the sums due to the U.S. Inland Revenue Services are settled, it intends to sell this unit, it said.
The comments came as Maisha posted pretax loss of 145,000 stg for the year to Aug 31, compared with a profit of 1.48 mln stg a year earlier. No sales were achieved for the year compared with 845,000 stg in 1999 which includes a profit on sales of subsidiaries.
Loss per share was 0.61 pence against earnings of 6.20 pence previously while operating loss was 218,000 stg compared with a loss of 140,000.
No dividend is proposed.
shw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said it is now effectively a "cash shell" and is seeking suitable acquisition opportunities.
The company said it still has the right to trade in Royal Jelly unit in the U.S. but no sales were achieved last year. Once the sums due to the U.S. Inland Revenue Services are settled, it intends to sell this unit, it said.
The comments came as Maisha posted pretax loss of 145,000 stg for the year to Aug 31, compared with a profit of 1.48 mln stg a year earlier. No sales were achieved for the year compared with 845,000 stg in 1999 which includes a profit on sales of subsidiaries.
Loss per share was 0.61 pence against earnings of 6.20 pence previously while operating loss was 218,000 stg compared with a loss of 140,000.
No dividend is proposed.
shw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said it is now effectively a "cash shell" and is seeking suitable acquisition opportunities.
The company said it still has the right to trade in Royal Jelly unit in the U.S. but no sales were achieved last year. Once the sums due to the U.S. Inland Revenue Services are settled, it intends to sell this unit, it said.
The comments came as Maisha posted pretax loss of 145,000 stg for the year to Aug 31, compared with a profit of 1.48 mln stg a year earlier. No sales were achieved for the year compared with 845,000 stg in 1999 which includes a profit on sales of subsidiaries.
Loss per share was 0.61 pence against earnings of 6.20 pence previously while operating loss was 218,000 stg compared with a loss of 140,000.
No dividend is proposed.
shw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said it is now effectively a "cash shell" and is seeking suitable acquisition opportunities.
The company said it still has the right to trade in Royal Jelly unit in the U.S. but no sales were achieved last year. Once the sums due to the U.S. Inland Revenue Services are settled, it intends to sell this unit, it said.
The comments came as Maisha posted pretax loss of 145,000 stg for the year to Aug 31, compared with a profit of 1.48 mln stg a year earlier. No sales were achieved for the year compared with 845,000 stg in 1999 which includes a profit on sales of subsidiaries.
Loss per share was 0.61 pence against earnings of 6.20 pence previously while operating loss was 218,000 stg compared with a loss of 140,000.
No dividend is proposed.
shw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
RNS Number:2372V
Maisha PLC
5 December 2000
MAISHA PLC
PRELIMINARY ANNOUNCEMENT
Maisha PLC announces that the results for the year ended 31 August 2000 showed
a loss before tax of #145,000 (1999: profit of #1,479,000) on turnover of #nil
(1999: #845,000). Loss per share was 0.61p (1999: earnings of 6.20p). The
results for 1999 include a profit on sale of subsidiaries and the results of
the main trading subsidiary up to the date of its sale on 23 July 1999.
DIVIDEND
The Company does not propose to pay a dividend for the year.
COMMENTARY
Horatius Da Gama Rose, Non-Executive Chairman, made the following comments:
It will be recalled that the Group sold its main trading subsidiary, Regina
Health Limited, last year for #2.2 million. All money due from this sale has
now been received. At the year end there was #1.2 million cash on deposit
following the repayment of money owing.
Your company still has the right to trade in Royal Jelly in the United States
but no sales were achieved last year. Once the sums due to the US Inland
Revenue Services are settled it is the intention to dispose of this
subsidiary.
Your company is now effectively a cash shell and as such is seeking suitable
acquisition opportunities. It has so far not proved possible to bring any one
investigated to a successful conclusion. Our efforts continue.
H Da Gama Rose
Chairman
5 December 2000
GROUP PROFIT AND LOSS ACCOUNT
for the year ended 31 August 2000
2000 1999
#000 #000 #000 #000
TURNOVER
Continuing operations - 63
Discontinued operations - 782
______ ______
- 845
Cost of sales - (325)
______ ______
GROSS PROFIT - 520
Distribution costs - (127)
Administrative expenses (218) (533)
Continuing operations 218 (90)
Discontinued operations - (50)
______ ______ ______ ______
OPERATING LOSS (218) (140)
Profit on sale of subsidiaries - 1,684
______ ______
(Loss)/Profit on ordinary activities
before finance charges (218) 1,544
Net interest 73 (65)
______ ______
PROFIT/(LOSS) ON ORDINARY ACTIVITIES
BEFORE TAXATION (145) 1,479
Tax on profit/(loss) on ordinary
activities - -
______ ______
PROFIT/(LOSS) FOR THE FINANCIAL YEAR (145) 1,479
______ ______
EARNINGS/(LOSS) PER SHARE (0.61)p 6.20p
______ ______
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
for the year ended 31 August 2000
Profit/(loss) for the financial year (145) 1,479
Loss on foreign currency translation (2) (29)
Goodwill written back on disposal of
subsidiaries - 468
______ ______
Total recognised profit/(loss) for
the year (147) 1,918
______ ______
GROUP BALANCE SHEET
as at 31 August 2000
2000 1999
#000 #000 #000 #000
FIXED ASSETS
Tangible assets - 7
CURRENT ASSETS
Debtors 9 590
Cash at bank and in hand 1,248 989
______ ______
1,257 1,579
CREDITORS: amounts falling due within
one year (132) (314)
______ ______
NET CURRENT ASSETS 1,125 1,265
______ ______
NET ASSETS 1,125 1,272
______ ______
CAPITAL AND RESERVES
Called up share capital 238 238
Share premium account 345 345
Profit and loss account 542 689
______ ______
EQUITY SHAREHOLDERS FUNDS 1,125 1,272
______ ______
GROUP CASH FLOW STATEMENT
for the year ended 31 August 2000
2000 1999
#000 #000 #000 #000
NET CASH OUTFLOW FROM
OPERATING ACTIVITIES (374) (6)
RETURNS ON INVESTMENTS AND SERVICING
OF FINANCE
Interest received 73 -
Interest paid - (77)
______ ______
Net cash inflow/(outflow) from returns on
investments and servicing of finance 73 (77)
ACQUISITIONS AND DISPOSALS
Sale of business 560 1,635
CAPITAL EXPENDITURE AND FINANCIAL
INVESTMENT
Sale of tangible assets - 8
______ ______
NET CASH INFLOW BEFORE
FINANCING 259 1,560
MANAGEMENT OF LIQUID RESOURCES
Deposit in a 30 day treasury account (263) (950)
FINANCING
New loans - 46
Repayment of loans - (664)
______ ______
Cash outflow from financing - (618)
______ ______
DECREASE IN CASH (4) (8)
______ ______
RECONCILIATION OF NET CASH FLOW TO
MOVEMENT IN NET CASH
Decrease in cash (4) (8)
Cash to repay loan - 664
Cash inflow from increase in loans - (46)
Decrease in loan due to sale of
subsidiary - 54
Cash used to increase liquid resources 263 950
______ ______
MOVEMENT IN NET FUNDS 259 1,614
NET FUNDS/(DEBT) AT BEGINNING OF YEAR 989 (625)
______ ______
NET CASH AT END OF YEAR 1,248 989
______ ______
NOTES TO THE PRELIMINARY RESULTS
for the year ended 31 August 2000
1 Basis of preparation
The preliminary results have been prepared under the historical cost
convention in accordance with applicable accounting standards.
2 Earnings/(loss) per share
Loss per share is based on a loss after taxation of #145,000 (1999: profit of
#1,479,000) and on 23,843,247 (1999: 23,843,247) shares being the weighted
average number of ordinary shares in issue during the year.
3 Financial information
The financial information set out above does not comprise statutory accounts
for the purpose of section 240 of the Companies Act 1985. The information for
the year ended 31 August 1999 has been extracted from the statutory accounts
which carried an unqualified audit report and did not contain any statement
under section 237(2) or (3) of the Companies Act 1985. The statutory accounts
for the year ended 31 August 1999 have been delivered to the Registrar of
Companies.
END
FR FSWSUISSSEFE
RNS Number:7386H Maisha PLC 22 March 2000
MAISHA PLC (formerly Regina plc)
At the Annual General Meeting held today, the Chairman made the following comments with regard to acquisition opportunities for the Company.
"Currently your directors are in meaningful negotiations with two complimentary companies. Both companies operate in the health products sector. The controlling shareholders of both businesses have expressed their willingness to move the negotiations forward. We believe that the sector is one which offers good possibilities of expansion, both organically and by acquisition. At this stage, it is too early to say whether these negotiations will lead to an agreement which, of course, will be subject to shareholders' approval. However, it is fair to say that your directors will be disappointed if we do not successfully conclude one or other, and hopefully both, of these transactions."
END
CAGILFELVRIFFII
LONDON (AFX) - Maisha PLC said it is in "meaningful" negotiations about acquisition opportunities with two complementary companies, both of which operate in the health products sector.
It said the controlling shareholders of both businesses have expressed their willingness to move the negotiations forward.
Maisha said the sector offers good possibilities of expansion, both organically and by acquisition.
It said it will be "disappointed" if it does not successfully conclude "one or other, and hopefully both, of these transactions".
ak/
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
RNS Number:2792I Maisha PLC 31 March 2000
MAISHA PLC
Maisha plc announces that Mr A H Drummon has resigned as Chairman but will remain as a Non-Executive Director. Mr Horatius Da Gama Rose, currently Managing Director, has been appointed Non-Executive Chairman and Mr Mumtaz Khan, currently a Non-Executive Director, has been appointed Managing Director.
END
BOAIIFEAVVILVII
RNS Number:1426G Maisha PLC 24 February 2000
Maisha PLC
(formerly Regina PLC)
REPORT & ACCOUNTS 1999
A copy of the above is available for inspection from the Company Announcements office of the London Stock Exchange.
END
ACSBBGDDLXDGGGS
LONDON (AFX) - Maisha PLC (formerly Regina PLC) reported a return to full-year profit with earnings boosted by the sale of subsidiaries. The company also said it is seeking further acquisitions but presently has no plans to announce to shareholders.
The company said the year to Aug 31 1999 showed a profit before tax of 1.479 mln stg against a loss of 303,000 stg for the same period in 1998. Turnover was 845,000 stg against 1.191 mln stg, while earnings per share was 6.20 pence per share against a 1.34 pence loss.
The results were boosted by a profit on the sale of subsidiaries.
There was an operating loss of 140,000 stg, made mainly by the inclusion of Regina Health Ltd, the main trading subsidiary, in the accounts up to its sale on July 23 1999.
Maisha said that it does not propose to pay a dividend for the year.
Howard Drummon, non-executive chairman, commented: "In view of the losses incurred by Regina Health Ltd over the years, I consider the result to be very satisfactory for shareholders. Of the 140,000 stg loss, 44,250 stg was due to a reverse premium paid on surrendering the lease of 2a Alexandra Grove, London."
"The company is seeking suitable acquisition opportunities. We have investigated a number of such opportunities and will continue to do so."
dd/ak
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC year to August 31 1999
Pretax profit - 1.48 mln stg vs loss 303,000
Sales - 845,000 stg vs 1.19 mln
EPS - 6.20 pence vs loss per share 1.34
vjt/
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC (formerly Regina PLC) reported a return to full-year profit with earnings boosted by the sale of subsidiaries. The company also said it is seeking further acquisitions but presently has no plans to announce to shareholders.
The company said the year to Aug 31 1999 showed a profit before tax of 1.479 mln stg against a loss of 303,000 stg for the same period in 1998. Turnover was 845,000 stg against 1.191 mln stg, while earnings per share was 6.20 pence per share against a 1.34 pence loss.
The results were boosted by a profit on the sale of subsidiaries.
There was an operating loss of 140,000 stg, made mainly by the inclusion of Regina Health Ltd, the main trading subsidiary, in the accounts up to its sale on July 23 1999.
Maisha said that it does not propose to pay a dividend for the year.
Howard Drummon, non-executive chairman, commented: "In view of the losses incurred by Regina Health Ltd over the years, I consider the result to be very satisfactory for shareholders. Of the 140,000 stg loss, 44,250 stg was due to a reverse premium paid on surrendering the lease of 2a Alexandra Grove, London."
"The company is seeking suitable acquisition opportunities. We have investigated a number of such opportunities and will continue to do so."
dd/ak
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
RNS Number:8996F
Maisha PLC
21 February 2000
MAISHA PLC (formerly Regina plc)
PRELIMINARY ANNOUNCEMENT
Maisha PLC announces that the results for the year ended 31 August 1999 showed
a profit before tax of #1.479 million(1998:loss of #303,000) on turnover of
#845,000 (1998:#1.191 million). Earnings per share were 6.20p(1998:loss of
1.34p). The results include a profit on sale of subsidiaries and the results
of Regina Health Limited, the main trading subsidiary, up to the date of its
sale on 23 July 1999.
DIVIDEND
The Company does not propose to pay a dividend for the year.
COMMENTARY
Howard Drummon, Non-Executive Chairman, made the following comments:
I wrote to shareholders on 29 June 1999, setting out proposals for the sale of
your company's main trading subsidiary, Regina Health Limited and also Regina
UK Limited. These proposals were approved at the Extraordinary General
Meeting held on 22 July 1999 and the disposal completed shortly thereafter.
Consequent upon the sale, the Group's name was changed to Maisha Plc.
Of the #2.2m consideration agreed as a result of that transaction, #2.0
million has been received in cash and the balance is due in stage payments,
the final payment being on 22 July 2000. In addition, #60,817 has been
received from the purchaser for the net working capital of the companies sold.
In view of the losses incurred by Regina Health Limited over the years, I
consider the result to be very satisfactory for shareholders and due in no
small measure to the work of my colleague, Horatius Da Gama Rose, who took
over the negotiations following the death of my predecessor, Shiraz
Malik-Noor.
The Group's results for the year to 31 August 1999, which include the results
of Regina Health Limited to 23 July 1999, show an operating loss of #140,000.
Of this, #44,250 was due to a reverse premium paid on surrendering the lease
of 2a Alexandra Grove, London N12 8NU.
As indicated in my letter of 29 June 1999, the Company is seeking suitable
acquisition opportunities. We have investigated a number of such
opportunities and will continue to do so. However, at the time of writing, we
have no proposals to put to shareholders but will report on any progress at
the Annual General Meeting.
A H Drummon
Chairman
21 February 2000
GROUP PROFIT AND LOSS ACCOUNT
for the year ended 31 August 1999
1999 1998
#000 #000 #000 #000
TURNOVER
Continuing operations 63 106
Discontinued operations 782 1,085
_____ _____
Cost of sales 845 1,191
(325) (464)
_____ _____
GROSS PROFIT 520 727
Distribution costs (127) (197)
Administrative expenses (533) (787)
Continuing operations (90) (106)
Discontinued operations (50) (151)
_____ _____ _____ _____
OPERATING LOSS (140) (257)
Profit on sale of subsidiaries 1,684 -
_____ _____
Profit on ordinary activities
before finance charges 1,544 (257)
Finance charges (net) (65) (46)
_____ _____
PROFIT/(LOSS)ON ORDINARY ACTIVITIES
BEFORE TAXATION 1,479 (303)
Tax on profits on ordinary activities - -
_____ _____
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 1,479 (303)
_____ _____
EARNINGS/(LOSS) PER SHARE (Note 2) 6.20p (1.34)p
_____ _____
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
for the year ended 31 August 1999
1999 1998
#000 #000
Profit/(Loss) for the financial year 1,479 (303)
Loss on foreign currency translation (29) -
Goodwill written back on disposal
of subsidiaries 468 -
_____ _____
Total recognised profits/(losses)
for the year 1,918 (303)
_____ _____
GROUP BALANCE SHEET
as at 31 August 1999
1999 1998
#000 #000 #000 #000
FIXED ASSETS
Tangible assets 7 14
Investments - -
CURRENT ASSETS
Stocks - 176
Debtors 590 306
Cash at bank and in hand 989 47
_____ _____
1,579 529
CREDITORS: amounts
falling due within one year (314) (694)
_____ _____
NET CURRENT ASSETS/
(LIABILITIES) 1,265 (165)
_____ _____
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,272 (151)
CREDITORS: amounts falling due
after more than one year - (495)
_____ _____
NET ASSETS (LIABILITIES) 1,272 (646)
_____ _____
CAPITAL AND RESERVES
Called up share capital 238 238
Share premium account 345 345
Profit and loss account 689 (1,229)
_____ _____
EQUITY SHAREHOLDERS' FUNDS
SURPLUS/(DEFICIT) 1,272 (646)
_____ _____
NOTES TO THE PRELIMINARY RESULTS
for the year ended 31 August 1999
1 BASIS OF PREPARATION
The Preliminary Results have been prepared under the historical cost
convention in accordance with applicable Accounting Standards.
2. EARNINGS/(LOSS) PER SHARE
Earnings per share is based on a profit after taxation of#1.479 million (1998:
loss of #303,000) and on 23,843,247 (1998:22,586,007)shares being the weighted
average number of Ordinary Shares in issue during the year.
3. FINANCIAL INFORMATION
The financial information set out above does not comprise statutory accounts
for the purpose of Section 240 of the Companies Act 1985. The information for
the year ended 31 August 1998 has been extracted from the statutory accounts
which carried an unqualified audit report and did not contain any statement
under Section 237 (2) or (3) of the Companies Act 1985. The statutory
accounts for the year ended 31 August 1998 have been delivered to the
Registrar of Companies.
END
FR SELSUFSSSEDE
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said that preliminary talks with "various" unnamed
parties regarding possible acquisitions are continuing but it has not reached
agreement with any of the companies involved.
It said its directors no of no reason for its share price movement today.
They referred to a previously released statement that after recent disposals
the board would seek suitable acquisition opportunities.
Directors noted that if any acquisition is agreed, shareholder approval
would be required.
ks
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said that preliminary talks with "various" unnamed
parties regarding possible acquisitions are continuing but it has not reached
agreement with any of the companies involved.
It said its directors no of no reason for its share price movement today.
They referred to a previously released statement that after recent disposals
the board would seek suitable acquisition opportunities.
Directors noted that if any acquisition is agreed, shareholder approval
would be required.
ks
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
Doc Re Annual Report and Accounts 2000
A copy of the above document has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
Financial Services Authority 25 The North Colonnade Canary Wharf London
E14 5HS
Tel. no. (0)20 7676 1000
(Documents will normally be available for inspection within six normal business hours of this notice being given).
END
ACSBLBDDRSBGGGD
LONDON (AFX) - Maisha PLC said it is now effectively a "cash shell" and is seeking suitable acquisition opportunities.
The company said it still has the right to trade in Royal Jelly unit in the U.S. but no sales were achieved last year. Once the sums due to the U.S. Inland Revenue Services are settled, it intends to sell this unit, it said.
The comments came as Maisha posted pretax loss of 145,000 stg for the year to Aug 31, compared with a profit of 1.48 mln stg a year earlier. No sales were achieved for the year compared with 845,000 stg in 1999 which includes a profit on sales of subsidiaries.
Loss per share was 0.61 pence against earnings of 6.20 pence previously while operating loss was 218,000 stg compared with a loss of 140,000.
No dividend is proposed.
shw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said it is now effectively a "cash shell" and is seeking suitable acquisition opportunities.
The company said it still has the right to trade in Royal Jelly unit in the U.S. but no sales were achieved last year. Once the sums due to the U.S. Inland Revenue Services are settled, it intends to sell this unit, it said.
The comments came as Maisha posted pretax loss of 145,000 stg for the year to Aug 31, compared with a profit of 1.48 mln stg a year earlier. No sales were achieved for the year compared with 845,000 stg in 1999 which includes a profit on sales of subsidiaries.
Loss per share was 0.61 pence against earnings of 6.20 pence previously while operating loss was 218,000 stg compared with a loss of 140,000.
No dividend is proposed.
shw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said it is now effectively a "cash shell" and is seeking suitable acquisition opportunities.
The company said it still has the right to trade in Royal Jelly unit in the U.S. but no sales were achieved last year. Once the sums due to the U.S. Inland Revenue Services are settled, it intends to sell this unit, it said.
The comments came as Maisha posted pretax loss of 145,000 stg for the year to Aug 31, compared with a profit of 1.48 mln stg a year earlier. No sales were achieved for the year compared with 845,000 stg in 1999 which includes a profit on sales of subsidiaries.
Loss per share was 0.61 pence against earnings of 6.20 pence previously while operating loss was 218,000 stg compared with a loss of 140,000.
No dividend is proposed.
shw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said it is now effectively a "cash shell" and is seeking suitable acquisition opportunities.
The company said it still has the right to trade in Royal Jelly unit in the U.S. but no sales were achieved last year. Once the sums due to the U.S. Inland Revenue Services are settled, it intends to sell this unit, it said.
The comments came as Maisha posted pretax loss of 145,000 stg for the year to Aug 31, compared with a profit of 1.48 mln stg a year earlier. No sales were achieved for the year compared with 845,000 stg in 1999 which includes a profit on sales of subsidiaries.
Loss per share was 0.61 pence against earnings of 6.20 pence previously while operating loss was 218,000 stg compared with a loss of 140,000.
No dividend is proposed.
shw
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
RNS Number:2372V
Maisha PLC
5 December 2000
MAISHA PLC
PRELIMINARY ANNOUNCEMENT
Maisha PLC announces that the results for the year ended 31 August 2000 showed
a loss before tax of #145,000 (1999: profit of #1,479,000) on turnover of #nil
(1999: #845,000). Loss per share was 0.61p (1999: earnings of 6.20p). The
results for 1999 include a profit on sale of subsidiaries and the results of
the main trading subsidiary up to the date of its sale on 23 July 1999.
DIVIDEND
The Company does not propose to pay a dividend for the year.
COMMENTARY
Horatius Da Gama Rose, Non-Executive Chairman, made the following comments:
It will be recalled that the Group sold its main trading subsidiary, Regina
Health Limited, last year for #2.2 million. All money due from this sale has
now been received. At the year end there was #1.2 million cash on deposit
following the repayment of money owing.
Your company still has the right to trade in Royal Jelly in the United States
but no sales were achieved last year. Once the sums due to the US Inland
Revenue Services are settled it is the intention to dispose of this
subsidiary.
Your company is now effectively a cash shell and as such is seeking suitable
acquisition opportunities. It has so far not proved possible to bring any one
investigated to a successful conclusion. Our efforts continue.
H Da Gama Rose
Chairman
5 December 2000
GROUP PROFIT AND LOSS ACCOUNT
for the year ended 31 August 2000
2000 1999
#000 #000 #000 #000
TURNOVER
Continuing operations - 63
Discontinued operations - 782
______ ______
- 845
Cost of sales - (325)
______ ______
GROSS PROFIT - 520
Distribution costs - (127)
Administrative expenses (218) (533)
Continuing operations 218 (90)
Discontinued operations - (50)
______ ______ ______ ______
OPERATING LOSS (218) (140)
Profit on sale of subsidiaries - 1,684
______ ______
(Loss)/Profit on ordinary activities
before finance charges (218) 1,544
Net interest 73 (65)
______ ______
PROFIT/(LOSS) ON ORDINARY ACTIVITIES
BEFORE TAXATION (145) 1,479
Tax on profit/(loss) on ordinary
activities - -
______ ______
PROFIT/(LOSS) FOR THE FINANCIAL YEAR (145) 1,479
______ ______
EARNINGS/(LOSS) PER SHARE (0.61)p 6.20p
______ ______
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
for the year ended 31 August 2000
Profit/(loss) for the financial year (145) 1,479
Loss on foreign currency translation (2) (29)
Goodwill written back on disposal of
subsidiaries - 468
______ ______
Total recognised profit/(loss) for
the year (147) 1,918
______ ______
GROUP BALANCE SHEET
as at 31 August 2000
2000 1999
#000 #000 #000 #000
FIXED ASSETS
Tangible assets - 7
CURRENT ASSETS
Debtors 9 590
Cash at bank and in hand 1,248 989
______ ______
1,257 1,579
CREDITORS: amounts falling due within
one year (132) (314)
______ ______
NET CURRENT ASSETS 1,125 1,265
______ ______
NET ASSETS 1,125 1,272
______ ______
CAPITAL AND RESERVES
Called up share capital 238 238
Share premium account 345 345
Profit and loss account 542 689
______ ______
EQUITY SHAREHOLDERS FUNDS 1,125 1,272
______ ______
GROUP CASH FLOW STATEMENT
for the year ended 31 August 2000
2000 1999
#000 #000 #000 #000
NET CASH OUTFLOW FROM
OPERATING ACTIVITIES (374) (6)
RETURNS ON INVESTMENTS AND SERVICING
OF FINANCE
Interest received 73 -
Interest paid - (77)
______ ______
Net cash inflow/(outflow) from returns on
investments and servicing of finance 73 (77)
ACQUISITIONS AND DISPOSALS
Sale of business 560 1,635
CAPITAL EXPENDITURE AND FINANCIAL
INVESTMENT
Sale of tangible assets - 8
______ ______
NET CASH INFLOW BEFORE
FINANCING 259 1,560
MANAGEMENT OF LIQUID RESOURCES
Deposit in a 30 day treasury account (263) (950)
FINANCING
New loans - 46
Repayment of loans - (664)
______ ______
Cash outflow from financing - (618)
______ ______
DECREASE IN CASH (4) (8)
______ ______
RECONCILIATION OF NET CASH FLOW TO
MOVEMENT IN NET CASH
Decrease in cash (4) (8)
Cash to repay loan - 664
Cash inflow from increase in loans - (46)
Decrease in loan due to sale of
subsidiary - 54
Cash used to increase liquid resources 263 950
______ ______
MOVEMENT IN NET FUNDS 259 1,614
NET FUNDS/(DEBT) AT BEGINNING OF YEAR 989 (625)
______ ______
NET CASH AT END OF YEAR 1,248 989
______ ______
NOTES TO THE PRELIMINARY RESULTS
for the year ended 31 August 2000
1 Basis of preparation
The preliminary results have been prepared under the historical cost
convention in accordance with applicable accounting standards.
2 Earnings/(loss) per share
Loss per share is based on a loss after taxation of #145,000 (1999: profit of
#1,479,000) and on 23,843,247 (1999: 23,843,247) shares being the weighted
average number of ordinary shares in issue during the year.
3 Financial information
The financial information set out above does not comprise statutory accounts
for the purpose of section 240 of the Companies Act 1985. The information for
the year ended 31 August 1999 has been extracted from the statutory accounts
which carried an unqualified audit report and did not contain any statement
under section 237(2) or (3) of the Companies Act 1985. The statutory accounts
for the year ended 31 August 1999 have been delivered to the Registrar of
Companies.
END
FR FSWSUISSSEFE
RNS Number:7386H Maisha PLC 22 March 2000
MAISHA PLC (formerly Regina plc)
At the Annual General Meeting held today, the Chairman made the following comments with regard to acquisition opportunities for the Company.
"Currently your directors are in meaningful negotiations with two complimentary companies. Both companies operate in the health products sector. The controlling shareholders of both businesses have expressed their willingness to move the negotiations forward. We believe that the sector is one which offers good possibilities of expansion, both organically and by acquisition. At this stage, it is too early to say whether these negotiations will lead to an agreement which, of course, will be subject to shareholders' approval. However, it is fair to say that your directors will be disappointed if we do not successfully conclude one or other, and hopefully both, of these transactions."
END
CAGILFELVRIFFII
LONDON (AFX) - Maisha PLC said it is in "meaningful" negotiations about acquisition opportunities with two complementary companies, both of which operate in the health products sector.
It said the controlling shareholders of both businesses have expressed their willingness to move the negotiations forward.
Maisha said the sector offers good possibilities of expansion, both organically and by acquisition.
It said it will be "disappointed" if it does not successfully conclude "one or other, and hopefully both, of these transactions".
ak/
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
RNS Number:2792I Maisha PLC 31 March 2000
MAISHA PLC
Maisha plc announces that Mr A H Drummon has resigned as Chairman but will remain as a Non-Executive Director. Mr Horatius Da Gama Rose, currently Managing Director, has been appointed Non-Executive Chairman and Mr Mumtaz Khan, currently a Non-Executive Director, has been appointed Managing Director.
END
BOAIIFEAVVILVII
RNS Number:1426G Maisha PLC 24 February 2000
Maisha PLC
(formerly Regina PLC)
REPORT & ACCOUNTS 1999
A copy of the above is available for inspection from the Company Announcements office of the London Stock Exchange.
END
ACSBBGDDLXDGGGS
LONDON (AFX) - Maisha PLC (formerly Regina PLC) reported a return to full-year profit with earnings boosted by the sale of subsidiaries. The company also said it is seeking further acquisitions but presently has no plans to announce to shareholders.
The company said the year to Aug 31 1999 showed a profit before tax of 1.479 mln stg against a loss of 303,000 stg for the same period in 1998. Turnover was 845,000 stg against 1.191 mln stg, while earnings per share was 6.20 pence per share against a 1.34 pence loss.
The results were boosted by a profit on the sale of subsidiaries.
There was an operating loss of 140,000 stg, made mainly by the inclusion of Regina Health Ltd, the main trading subsidiary, in the accounts up to its sale on July 23 1999.
Maisha said that it does not propose to pay a dividend for the year.
Howard Drummon, non-executive chairman, commented: "In view of the losses incurred by Regina Health Ltd over the years, I consider the result to be very satisfactory for shareholders. Of the 140,000 stg loss, 44,250 stg was due to a reverse premium paid on surrendering the lease of 2a Alexandra Grove, London."
"The company is seeking suitable acquisition opportunities. We have investigated a number of such opportunities and will continue to do so."
dd/ak
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC year to August 31 1999
Pretax profit - 1.48 mln stg vs loss 303,000
Sales - 845,000 stg vs 1.19 mln
EPS - 6.20 pence vs loss per share 1.34
vjt/
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC (formerly Regina PLC) reported a return to full-year profit with earnings boosted by the sale of subsidiaries. The company also said it is seeking further acquisitions but presently has no plans to announce to shareholders.
The company said the year to Aug 31 1999 showed a profit before tax of 1.479 mln stg against a loss of 303,000 stg for the same period in 1998. Turnover was 845,000 stg against 1.191 mln stg, while earnings per share was 6.20 pence per share against a 1.34 pence loss.
The results were boosted by a profit on the sale of subsidiaries.
There was an operating loss of 140,000 stg, made mainly by the inclusion of Regina Health Ltd, the main trading subsidiary, in the accounts up to its sale on July 23 1999.
Maisha said that it does not propose to pay a dividend for the year.
Howard Drummon, non-executive chairman, commented: "In view of the losses incurred by Regina Health Ltd over the years, I consider the result to be very satisfactory for shareholders. Of the 140,000 stg loss, 44,250 stg was due to a reverse premium paid on surrendering the lease of 2a Alexandra Grove, London."
"The company is seeking suitable acquisition opportunities. We have investigated a number of such opportunities and will continue to do so."
dd/ak
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
RNS Number:8996F
Maisha PLC
21 February 2000
MAISHA PLC (formerly Regina plc)
PRELIMINARY ANNOUNCEMENT
Maisha PLC announces that the results for the year ended 31 August 1999 showed
a profit before tax of #1.479 million(1998:loss of #303,000) on turnover of
#845,000 (1998:#1.191 million). Earnings per share were 6.20p(1998:loss of
1.34p). The results include a profit on sale of subsidiaries and the results
of Regina Health Limited, the main trading subsidiary, up to the date of its
sale on 23 July 1999.
DIVIDEND
The Company does not propose to pay a dividend for the year.
COMMENTARY
Howard Drummon, Non-Executive Chairman, made the following comments:
I wrote to shareholders on 29 June 1999, setting out proposals for the sale of
your company's main trading subsidiary, Regina Health Limited and also Regina
UK Limited. These proposals were approved at the Extraordinary General
Meeting held on 22 July 1999 and the disposal completed shortly thereafter.
Consequent upon the sale, the Group's name was changed to Maisha Plc.
Of the #2.2m consideration agreed as a result of that transaction, #2.0
million has been received in cash and the balance is due in stage payments,
the final payment being on 22 July 2000. In addition, #60,817 has been
received from the purchaser for the net working capital of the companies sold.
In view of the losses incurred by Regina Health Limited over the years, I
consider the result to be very satisfactory for shareholders and due in no
small measure to the work of my colleague, Horatius Da Gama Rose, who took
over the negotiations following the death of my predecessor, Shiraz
Malik-Noor.
The Group's results for the year to 31 August 1999, which include the results
of Regina Health Limited to 23 July 1999, show an operating loss of #140,000.
Of this, #44,250 was due to a reverse premium paid on surrendering the lease
of 2a Alexandra Grove, London N12 8NU.
As indicated in my letter of 29 June 1999, the Company is seeking suitable
acquisition opportunities. We have investigated a number of such
opportunities and will continue to do so. However, at the time of writing, we
have no proposals to put to shareholders but will report on any progress at
the Annual General Meeting.
A H Drummon
Chairman
21 February 2000
GROUP PROFIT AND LOSS ACCOUNT
for the year ended 31 August 1999
1999 1998
#000 #000 #000 #000
TURNOVER
Continuing operations 63 106
Discontinued operations 782 1,085
_____ _____
Cost of sales 845 1,191
(325) (464)
_____ _____
GROSS PROFIT 520 727
Distribution costs (127) (197)
Administrative expenses (533) (787)
Continuing operations (90) (106)
Discontinued operations (50) (151)
_____ _____ _____ _____
OPERATING LOSS (140) (257)
Profit on sale of subsidiaries 1,684 -
_____ _____
Profit on ordinary activities
before finance charges 1,544 (257)
Finance charges (net) (65) (46)
_____ _____
PROFIT/(LOSS)ON ORDINARY ACTIVITIES
BEFORE TAXATION 1,479 (303)
Tax on profits on ordinary activities - -
_____ _____
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 1,479 (303)
_____ _____
EARNINGS/(LOSS) PER SHARE (Note 2) 6.20p (1.34)p
_____ _____
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
for the year ended 31 August 1999
1999 1998
#000 #000
Profit/(Loss) for the financial year 1,479 (303)
Loss on foreign currency translation (29) -
Goodwill written back on disposal
of subsidiaries 468 -
_____ _____
Total recognised profits/(losses)
for the year 1,918 (303)
_____ _____
GROUP BALANCE SHEET
as at 31 August 1999
1999 1998
#000 #000 #000 #000
FIXED ASSETS
Tangible assets 7 14
Investments - -
CURRENT ASSETS
Stocks - 176
Debtors 590 306
Cash at bank and in hand 989 47
_____ _____
1,579 529
CREDITORS: amounts
falling due within one year (314) (694)
_____ _____
NET CURRENT ASSETS/
(LIABILITIES) 1,265 (165)
_____ _____
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,272 (151)
CREDITORS: amounts falling due
after more than one year - (495)
_____ _____
NET ASSETS (LIABILITIES) 1,272 (646)
_____ _____
CAPITAL AND RESERVES
Called up share capital 238 238
Share premium account 345 345
Profit and loss account 689 (1,229)
_____ _____
EQUITY SHAREHOLDERS' FUNDS
SURPLUS/(DEFICIT) 1,272 (646)
_____ _____
NOTES TO THE PRELIMINARY RESULTS
for the year ended 31 August 1999
1 BASIS OF PREPARATION
The Preliminary Results have been prepared under the historical cost
convention in accordance with applicable Accounting Standards.
2. EARNINGS/(LOSS) PER SHARE
Earnings per share is based on a profit after taxation of#1.479 million (1998:
loss of #303,000) and on 23,843,247 (1998:22,586,007)shares being the weighted
average number of Ordinary Shares in issue during the year.
3. FINANCIAL INFORMATION
The financial information set out above does not comprise statutory accounts
for the purpose of Section 240 of the Companies Act 1985. The information for
the year ended 31 August 1998 has been extracted from the statutory accounts
which carried an unqualified audit report and did not contain any statement
under Section 237 (2) or (3) of the Companies Act 1985. The statutory
accounts for the year ended 31 August 1998 have been delivered to the
Registrar of Companies.
END
FR SELSUFSSSEDE
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said that preliminary talks with "various" unnamed
parties regarding possible acquisitions are continuing but it has not reached
agreement with any of the companies involved.
It said its directors no of no reason for its share price movement today.
They referred to a previously released statement that after recent disposals
the board would seek suitable acquisition opportunities.
Directors noted that if any acquisition is agreed, shareholder approval
would be required.
ks
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
LONDON (AFX) - Maisha PLC said that preliminary talks with "various" unnamed
parties regarding possible acquisitions are continuing but it has not reached
agreement with any of the companies involved.
It said its directors no of no reason for its share price movement today.
They referred to a previously released statement that after recent disposals
the board would seek suitable acquisition opportunities.
Directors noted that if any acquisition is agreed, shareholder approval
would be required.
ks
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
Nordic Panorama Plc
Registered Office
C/O London Registrars Plc
89 Fleet Street
London EC4Y 1DH
Tel: 020 7353 5624
Fax: 0870 766 8414
Powered by WiP CMS Server 4