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London Capital Group Holdings Plc
London Capital Group Holdings Plc
are quoted on the London Aim Stock Exchange (LNG) under the Sector General
Financial and Sub Sector Specialty Finance since December 2005. London Capital
Group currently consists of Three divisions
It's core activity is the provision of spread betting products on the
financial markets to retail clients under the trading name Capital
Spreads. Its other divisions provide online foreign exchange trading
services to institutional and intermediate clients under the Capital Forex
brand and institutional derivatives broking under the name Capital
Derivatives.London Capital Share
Price
London Capital Group Holdings Plc Company
Announcements
27th May 2008
Announce the acquisition of futuresbetting.com a direct access spread betting
company based in Gibraltar for an initial consideration of £200,000.
plus a maximum of a further £200,000 dependant upon performance
over a three year period.
20th February 2008
Announced preliminary results for the year ended 31 December
2007. Turnover up 119% to £18.98 million (2006 £8.65 million), Operating profit
before tax up 138% to £9.31 million (2006£3.91 million), Basic EPS up 149% to
15.69p (2006 6.3p), Final dividend of 5.25p per share (2006 1.70p), Current
trading is strong, Spread betting client funds +126% to £16.79 million (2006
£7.43 million), Foreign exchange client funds +158% to £19.03 million (2006
£7.38 million), Trading turnover in Capital Forex has risen to US$74.5 billion
in fourth quarter of 2007 compared to US$38.7 billion in same quarter in 2006.
3rd January 2008
In a trading update it announced it is pleased to report that trading for
the year ended 31 December 2007 is ahead of consensus market expectations. We
continue to experience growth in all of our main business divisions.
18th December 2007
Tradefairs Spreads has been launched via a white label agreement with Betfair.
Tradefair will initially be a Binary trading exchange and traditional spread
betting.
9th August 2007
Announced half year results to 30th June 2007, Turnover increased to 8.13million
(2006 3.53 million, Profit increased to 3.57 million (2006 1.66 million),
Earnings per share increased to 6.5p (2006 3.1p, Dividend increased of 1.25p
(2006 nil) Also The foreign exchange division also continues to grow rapidly and
profitably with an average monthly volume of US$22.90bn (H1'06: US$ 2.25bn) up
918%.
3rd July 2007
In a trading statement it expects group profit before tax for the six
month period ended 30th June to be around 50% ahead of original management
expectations for 1st Half of 2007.Also notes was Capital Spreads quarterly
client acquisition rate has more than doubled in 2nd quarter compared to 4th
quarter 2006, Capital Forex quarterly volumes have also increased more than two
fold over the same period, Five spread betting white labels have been signed in
the first half of 2007.
More
21st February 2007
Announced their Full year results to 31st December 2006, Highlights
include Turnover up 78% to £8.65 million (2005: £4.86 million),
Operating profit up 142% to £3.87 million (2005: £1.60 million),
Adjusted earnings per share up 122% to 7.3p (2005: 3.3p), Maiden dividend
of 1.7p per share, No debt and cash resources of £3.35 million up from £1.67
million in 2005.
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