Final Results

Fiske PLC
25 August 2000


FISKE plc
(formerly Fiske & Co. Limited)

Reports and Financial Statements
For the year ended 31 May 2000

CHAIRMAN'S STATEMENT


This  has  been  a most interesting year for Fiske  plc.   I  was
invited to join the Board and become Chairman in March this  year
when  the Company obtained its share quotation on the Alternative
Investment  Market  (AIM).   This  was  a  successful   operation
creating a market in the Company's shares, raising a net £467,000
of  additional  working  capital  and  increasing  the  Company's
profile.  I would like to record the Board's appreciation to  our
team of advisers which ensured a successful debut for our Company
as  a quoted public limited company.  We have separated the roles
of  Chairman and Chief Executive, with C F Harrison assuming  the
latter role.  As announced at the last AGM, S J Cockburn, who  is
a  director  of Jove Investment Trust which is one of  our  major
shareholders,  joined the Board last September in a non-executive
role.

It is very pleasing in our first report as a quoted company to be
able  to  report  record  profits.  The  Board  is  recommending,
subject  to shareholder approval, a final dividend of  3.75p  per
share  which,  with  the  interim dividend  paid  in  March  2000
equivalent to 1.25p, makes a total for the year of 5p.  This will
be covered over three times by earnings.

Last  year we referred to our ownership of one 'B' share  in  the
London  Stock Exchange.  This has now been converted into 100,000
ordinary  shares of 5p each.  Dealings in these shares  began  on
the 24 July this year on a matched bargain basis.  The holding is
carried in our balance sheet at nil value.  On the 7 August  2000
the shares were trading at approximately £20 per share. The Board
will keep this major investment under review.

The past financial year has consisted of two contrasting periods.
In  the first six months modest profits were achieved, whilst  in
the  second half, due to increased activity, exceptional  profits
were  made.  The general levels of stock market activity resulted
in   this  excellent  second  six  months,  added  to  which   we
participated fully in the corporate and dealing activity of  that
period.   We believe that our preferred role as advisory  brokers
has worked to the benefit of our clients.

The  events of the past year have put exceptional pressure on  my
co-Directors, Associates and staff.  I wish to pay tribute to the
efforts and contributions that so many of them have made, to  the
year's performance.

We see the future growth and profitability of the Company closely
linked  with  aligning the interests of both those  who  work  at
Fiske and with our shareholders.  We are encouraged to note  that
most  of  those who work for the Company as Directors, Associates
or staff are either shareholders or holders of options or both.

The  profits  made during the year together with  the  additional
capital raised at the time of the flotation, gives the Company  a
strong and liquid Balance Sheet.  We look forward with confidence
to another successful year of trading.


G Maitland Smith
Chairman

16 August 2000
FISKE plc

PROFIT AND LOSS ACCOUNT
For the year ended 31 May 2000


                                        Audited          Audited
                                               2000        1999
                                                  £           £
TURNOVER                                            
Gross commission receivable             6,915,531   3,330,012
Commission payable                      (2,882,395) (1,286,749)
Other income                            484,530     316,265
                                                    
                                        4,517,666   2,359,528
                                                    
Staff costs                             (1,352,352) (949,912)
Depreciation                            (98,083)    (83,943)
Other operating charges                 (1,639,282) (1,189,200)
                                                    
                                        (3,089,717) (2,223,055)
                                                    
OPERATING PROFIT                        1,427,949   136,473
                                                    
Income from fixed asset                 2,429       -
investments
Interest receivable and                 143,721     73,794
similar income
Interest payable and similar            (22,091)    (3,928)
charges
                                                    
                                        124,059     69,866
                                                    
PROFIT ON ORDINARY                                  
ACTIVITIES BEFORE TAXATION              1,552,008   206,339
                                                    
Tax on profit on ordinary               (519,000)   (55,650)
activities
                                                    
PROFIT ON ORDINARY                                  
ACTIVITIES AFTER TAXATION               1,033,008   150,689
                                                               

Dividends paid and                       (317,825) (63,392)
proposed
                                          
Retained profit for                       715,183   87,297
the financial year
                                          
Retained profit                           186,639   99,342
brought forward
                                          
Retained profit                           901,822   186,639
carried forward
                                          
Earnings per share                           17.1p     2.9p
                                          
Diluted earnings per                         16.5p     2.9p
share
                                          

All  activities  relate to continuing operations;  there  are  no
recognised gains or losses other than the profit for the  current
and prior years.

FISKE plc

BALANCE SHEET
For the year ended 31 May 2000

                                Audited      Audited
                                  2000        1999
                                     £           £
FIXED ASSETS                             
Tangible assets                  244,881    242,231
Investments                       74,682          5
                                         
                                 319,563    242,236
CURRENT ASSETS                          
Market and client             37,281,284 15,002,555
debtors
Other debtors                    318,389    281,132
Cash at bank and in            3,039,510  2,814,660
hand
                                         
                              40,639,183 18,098,347
                                         
CREDITORS: amounts                       
falling due within
one year
Market and client           (36,422,393)(16,267,220)
creditors                  
Other creditors              (1,663,294) (591,029)
                           
                                         
                            (38,085,687)(16,858,249)
                           
                                         
NET CURRENT ASSETS            2,553,496  1,240,098
                                         
TOTAL ASSETS LESS                        
CURRENT                       2,873,059  1,482,334
  LIABILITIES
PROVISION FOR                            
LIABILITIES AND                 (3,617)    (7,845)
CHARGES
                                         
                              2,869,442  1,474,489
                                         
CAPITAL AND RESERVES                     
Called up share               1,625,000  1,287,842
capital
Share premium account           342,620          8
Profit and loss                 901,822    186,639
account
                                         
EQUITY SHAREHOLDERS'          2,869,442  1,474,489
FUNDS
                                         

These  financial  statements  were  approved  by  the  Board   of
Directors on 16 August 2000.
Signed on behalf of the Board of Directors



C F Harrison



S J E Earp
FISKE plc

CASH FLOW STATEMENT
For the year ended 31 May 2000


RECONCILIATION OF OPERATING PROFIT TO NET CASH (OUTFLOW)/INFLOW
FROM OPERATING ACTIVITIES
                                           2000       1999
                                             £          £
Operating profit                        1,427,949    136,473
Depreciation charges                       98,083     83,943
(Increase)/decrease in                (22,329,232) 2,085,310
debtors                              
Increase/(decrease) in                 20,572,272 (1,047,363)
creditors                                    
                                                  
Net cash                                          
(outflow)/inflow from                 (230,928)  1,258,363
operating activities
                                                  

                          Note     2000      1999
                                      £         £
CASH FLOW STATEMENT                       
                                          
Net cash                                  
(outflow)/inflow from           (230,928) 1,258,363
operating activities
                                          
Returns on investment                     
and servicing of             1   124,059     69,866
finance
                                          
Taxation                                  
UK corporation tax               (35,174)  (21,030)
paid
                                          
Capital expenditure          1  (175,410) (212,034)
                                          
Equity dividends paid           (137,467)        -
                                          
Financing                    1   679,770         -
                                          
Increase in cash                224,850   1,095,165
                                          
                                          
RECONCILIATION OF NET                     
CASH FLOW TO MOVEMENT
IN NET FUNDS
Increase in cash in          2            
the year
                                          
Change in net cash              224,850   1,095,165
Net funds at 1 June             2,814,660 1,719,495
1999
                                          
Net funds at 31 May             3,039,510 2,814,660
2000
                                          
NOTES TO THE CASH FLOW STATEMENT
For the year ended 31 May 2000


1.   GROSS CASH FLOWS

                                2000          1999
                                £            £
Returns on                                
investments and
servicing of finance
Interest received               143,721      73,794
Interest paid                   (22,091)     (3,928)
Dividends received                2,429           -
                                          
                                124,059      69,866
                                          
                                          
Capital expenditure                       
Payments to acquire                       
tangible fixed assets           (100,733)  (212,034)
Payment to acquire                        
fixed asset                      (74,677)         -
investment
                                          
                                (175,410)  (212,034)
                                          
Financing                                 
Issue of ordinary               337,158           -
share capital
Premium on issue of                          
ordinary share                  342,612           -
capital less expenses
                                          
                                679,770           -
                                          

2.   ANALYSIS OF CHANGES IN NET CASH
                              At 1                  At 31
                              June      Cash         May
                              1999      flows       2000
                              £         £              £
Cash at bank and in hand    2,814,660   224,850   3,039,510
                                                  


Final Dividend

The final dividend of 3.75p will be paid, subject to shareholders
approval,  on  28th September 2000 to shareholders on  the  share
register  on  8th September 2000.  The shares will go ex-dividend
on 4th September 2000.



FISKE plc


Note to the statement

For the year ended 31 May 2000

The  above results for the year ended 31 May 2000 are an abridged
version of the Group's statutory financial statements which  have
not been filed with the Registrar of Companies and which have not
been  reported on by the auditors.  The balance sheet and  profit
and loss account do not constitute statutory financial statements
within  the meaning of Section 240 of the Companies Act 1985  (as
amended).   These statements have been prepared on the  basis  of
the   accounting  policies  as  stated  in  the  previous  year's
financial statements.

The  results  for the year ended 31 May 1999 have been  extracted
from   the  financial  statements  of  the  Group  on  which   an
unqualified  report from the auditors has been issued  and  which
have been filed with the Registrar of Companies.

Copies  of  this  announcement are available from  the  Company's
registered  office at Salisbury House, London Wall, London,  EC2M
5QS.  The annual Report and Accounts will be sent to shareholders
shortly