Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Ambrian Capital PLC (AMBR)

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Tuesday 07 December, 2010

Ambrian Capital PLC

Trading Statement

RNS Number : 4705X
Ambrian Capital PLC
07 December 2010
 



7 December 2010                                                                               

 

AMBRIAN CAPITAL PLC

TRADING UPDATE

 

Ambrian Capital plc ("Ambrian" or the "Group") today issues a trading update based on unaudited management accounts.

 

The second half ending 31 December 2010 has so far seen a significant improvement in the Group's financial performance compared to the first half of the year. The key drivers of this improved financial performance are:

 

·          a convincing return to profitability of Ambrian Partners Limited as a result of H2 2010 revenues that are expected to be approximately double H1 2010 revenues as well as the benefits arising from a lower cost base.  Fund raisings in the second half of 2010 include acting as lead broker to Archipelago Resources plc's £28 million fund raising and joint-broker to Nautical Petroleum plc's £46.6 million placing of new and secondary shares;

 

·          continued growth in physical metals sales volumes with the total tonnage of refined copper supplied in H2 2010 expected to be approximately 130,000 tonnes (H1 2010: 110,892 tonnes);

 

·          a positive contribution, after start-up costs, from the new physical bio-fuels trading business which was established in August 2010; and

 

·          a strong performance from the Group's principal investment portfolio which has benefitted from the increase in the gold price.

 

The decision has been taken to withdraw from the LME futures & options brokerage business by the end of the first quarter of 2011 to focus on trading physical metals and physical energy products which offer greater growth potential and higher returns on capital. The LME futures & options brokerage business is expected to generate profits before tax of approximately £250,000 (before closure costs) in the year ending 31 December 2010 and currently utilises £5 million of equity capital. In 2009, the LME futures & options brokerage business generated profits before tax of £224,020.

 

Assuming current market conditions remain stable, we expect total income for the second half to be materially ahead of total income generated in the first half of 2010 and profits before tax and share-based payment charges to be in the region of £1.75 million for the second half of 2010, compared to £0.07 million in the first half of the year.  Net asset value per share at 31 December 2010 is expected to be not less than 32.4p as reported at 30 June 2010.

 

We look forward to 2011 with confidence based on the continuing growth of our physical commodities activities and sharp focus as the leading corporate financier and broker to the mid and small cap natural resources sector in London.

 

 

 

Enquiries

 

Ambrian Capital plc


Tom Gaffney, Chief Executive 

+ 44 (0)20 7634 4700



Macquarie Capital (Europe) Limited


Simon Law

+ 44 (0)20 3037 5237

Nicholas Harland

+ 44 (0)20 3037 2369



M: Communications


Charlotte Kirkham

+ 44 (0)20 7920 2330

Ann-Marie Wilkinson

+44  (0)20 7920 2330

 

 

Notes to Editors:

 

AMBRIAN CAPITAL PLC

Ambrian Capital plc (AIM: AMBR) is a specialist natural resources investment bank active in Commodities, Corporate Finance & Equities and Principal Investments.

 

Commodities

Ambrian Metals Limited is an independent physical metals supplier with a particular strength in refined copper. Through Ambrian Metals' offices in London and Shanghai and agents in New York, Santiago, São Paulo, Seoul and Tokyo, it sources non-ferrous metals from producers for distribution to an international client base of metals consumers and merchants.

 

Ambrian Energy Limited is a newly established physical energy trading company focused on the supply of bio-fuels and crude oil.

 

Corporate Finance & Equities

Ambrian Partners Limited is known in the market for its leading positions in the metals & mining, oil & gas and cleantech sectors.  It provides corporate finance advice, equity research, sales and trading and market making services.  Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

 

Principal Investments

Ambrian Principal Investments Limited is an investment company which holds the Group's principal investment portfolio.  It is managed by Ambrian Asset Management Limited, which is authorised and regulated by the Financial Services Authority.

 

Further information on Ambrian is available on the Company's website: www.ambrian.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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