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 publishing@financialexpress.net in the first instance.

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Weather Lottery(The) (BOX)

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Monday 20 June, 2011

Weather Lottery(The)

Trading Statement

RNS Number : 6716I
Weather Lottery PLC (The)
20 June 2011
 



WEATHER LOTTERY PLC

 

('TWL or the 'Company')

 

TRADING UPDATE

20 June 2011

 

The last eighteen months have seen significant changes to the Company with a number of encouraging and some less than helpful developments. The Board would like to take this opportunity to update shareholders on the Company's positioning and current trading and prospects.

FC Betz

Last summer, under the leadership of its then Chief Executive, Keith Milhench, the board announced its intention to expand into the online gaming sector, under the brand name "FC BETZ.com", to complement its well established lottery management business.  From July through to December it entered into long term contracts with a number of football league clubs  to provide a full package of on-line gaming products to the clubs and their supporters.  After an initial build-up through a physical presence in club stadia, it became apparent that FC Betz did not have full access to all the clubs' databases, thus severely restricting the ability of FC Betz to build its database of active members. Club sponsorship costs of approximately £177,000, in addition to operating losses of almost £90,000,  were fully expensed in the first half rather than being capitalised since the current database of over 3,000 active signed up members was not considered likely to grow significantly in the near term. Negotiations are in progress to terminate the relevant contracts which it is anticipated should be completed before the Company's year-end. The Directors believe that these negotiations should result in sponsorship costs in the second half being considerably reduced and possibly eliminated, although this might necessitate the institution of legal proceedings. However, given the competitive on-line betting marketplace, the future of FC Betz subsidiary is not perceived as core to the Group's operations.  No value has been attributed to the current database in the Group balance sheet.

Lottery Division

Following the resignation of the Mr Milhench, the former Chief Executive, in September 2010 the board commenced a review of the core lottery operations. These have been streamlined for increased efficiency and greater security and operating costs have been cut significantly. Contracts with fundraisers have been renegotiated with an amended prize pool structure leading to increased fundraiser and administration payments from the fourth quarter of the current financial year.  As a result, monthly profit contributions from lottery operations which have already improved following reductions to overheads already implemented in H1 are expected to further increase significantly from the fourth quarter.  With this expected increased contribution and its long established brand, the division is considered by the board to be a valuable asset to TWL.

Soccerdome

The board recently announced the acquisition of Soccerdome Limited, ("Soccerdome") the owner and operator of an eight pitch five-a-side facility in Nottingham. Planned improvements to pitch surfaces and provision of roof cover to four of the pitches should increase pitch utilisation and result in an increased contribution to Group profitability. The work, planned to allow at least half the pitches to remain open for use during implementation, will start shortly and is expected to be finished by early autumn.  It is hoped that this will be the first of a number of such five-a-side facilities to be run by Soccerdome. The board is excited by the prospects for development of this subsidiary.

Devil Fish Poker

In December 2010 TWL purchased Devil Fish Poker Limited, the on-line poker and gambling site. This business has shown a largely expected small overall operational loss since acquisition. Recent overall losses in the casino operation due to a number of regular high transaction wagers have now been redressed and the casino business is now making a small net contribution. The on-line poker market remains an area of considerable opportunity. The board is looking at ways to move the business into consistent profitability on the basis of its present operations and will review options available from time to time.

Outlook

The Board believes that the measures underway in relation to the FC Betz subsidiary and the improved performance from the core lottery division and the on-line poker and gambling sites, when taken with the acquisition of Soccerdome (with its cross marketing opportunities to the lottery), provide TWL with a sound basis for a return to profitability. With minimal bank debt, TWL is well positioned to seek further complimentary acquisitions to improve shareholder value.

Admission of New Shares

Further to the announcement of 10 June 2011, an application has been made to admit the 78,000,000 new ordinary 0.1p shares to trading on AIM with effect from 21 June 2011.

 

---ENDS---

 

For further information contact:

 

The Weather Lottery PLC

Ross White

Website www.theweatherlottery.com

 

01777 818036

Religare Capital Markets (Nomad)

020 7444 0800

Nick Harriss/Peter Trevelyan-Clark

 


SVS Securities (Broker)

020 7638 5600

Ian Callaway/Alex Mattey


 

 


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