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Legendary Invest PLC (LEG)

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Thursday 29 December, 2005

Legendary Invest PLC

Interim Results

Legendary Investments PLC
29 December 2005


                           LEGENDARY INVESTMENTS PLC
           INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2005

Chief Executive's Statement

The first half of the year was disappointing. Various investments did not
perform as expected and generated losses. Together with operating and interest
costs, net losses were £379,000.

Your Company continues to make short and medium term investments in listed
securities to make maximum use of available resources. Long term opportunities
are also being sought and assessed.

Shami Ahmed
28 December 2005

PROFIT & LOSS ACCOUNT
 
                      Six months                Year          Six months
                           ended               ended               ended
                        30/09/05            31/03/05            30/09/04
                       unaudited             audited           Unaudited
                        (£'000's)           (£'000's)          (£'000's)

Turnover                       -                   -                   -
Direct Costs                   -                   -                   -
                     -----------         ------------        ------------

Gross Loss                     -                   -                   -
Administrative
Expenses                     (18)               (149)                (68)
                     -------------       ------------        ------------

Net Profit /
(Loss) on
Investments                 (335)               (873)               (176)

Operating Profit/
(Loss)                      (353)             (1,022)               (244)

Interest receivable             3                   8                   2
Interest payable             (30)                (80)                (10)
                     -----------------   -----------------   -----------------
Loss on ordinary
activities before
interest & tax              (379)             (1,094)               (252)

Tax                            -                   -                   -
                     -----------------   -----------------   -----------------
Retained Profit /
(Loss)                      (379)             (1,094)               (252)

Basic
Profit/(Loss) per
ordinary share
(pence per share)          (0.06p)             (0.17p)             (0.05p)
Fully diluted
Profit/(Loss)
(pence per share)          (0.06p)             (0.17p)             (0.04p)



BALANCE SHEET
                               As at               As at                As at
                            30/09/05            31/03/05             30/09/04
                           unaudited             audited            unaudited
                            (£'000's)           (£'000's)            (£'000's)

Tangible Fixed
assets                             0                   0                     0
Tangible assets                    3                   6                   917
Investments                        3                   6                   917

Current Assets
Current asset
investments                      542               2,371                 1,009
Debtors                            7                  26                    29
Cash at bank and
in hand                          118                 430                   455
                   -----------------   -----------------   -------------------
                                 668               2,827                 1,493

Creditors
Creditors :
amounts falling
due within one-year            (580)             (2,363)               (1,098)

Net Current
liabilities /
assets                            88                 464                   395
                   -----------------   -----------------   -------------------

Total assets
less current
liabilities                       91                 470                 1,312

Capital Reserves
Called up share
capital                          628                 628                   628
Share premium
account                        8,270               8,270                 8,270
Profit and loss
account- deficit              (8,807)             (8,428)               (7,586)
                   -----------------   -----------------   -------------------
                                  91                 470                  1312


CASH FLOW STATEMENT                             Six months                Year
                                                     ended               ended
                                                  30/09/05            31/03/05
                                                 unaudited             audited
                                                  (£'000's)           (£'000's)

Net cash outflow from operating
activities                                              13                (148)

Returns on investments and servicing of
finance
Interest received                                        3                   8
Interest paid                                          (30)                (80)
                                         -----------------   -----------------
                                                       (27)                (72)

Capital expennditure and financial
investments
Payments to acquire fixed asset
investments                                              0                   0
Payments to acquire current asset
investments                                         (4,365)            (20,615)
Receipts from fixed asset investments                    0                  58
Receipts from current asset
investments                                          4,042              21,227
                                         -----------------   ----------------
                                                      (323)                670
                                         -----------------   -----------------
Net cash outflow before investing
activities                                            (337)                450

Financing
Issue of shares                                          0                   0
Directors loan                                          28                (435)
                                         -----------------   -----------------
                                                        28                (435)
                                         -----------------   -----------------
Increase/(Decrease) in cash                           (309)                 15
                                                ==========          ==========

Notes to the Interim Accounts

1. Accounting Policies

The accounts have been prepared in accordance with applicable accounting
standards under the historical cost accounting rules.

2. Basis of Preparation of Interim Financial Information

The financial information contained in this interim statement has not been
audited or reviewed by the Company's Auditors and does not constitute accounts
as defined by section 240 of the Companies Act 1985. The financial information
for the year ended 31 March 2005 is based on the statutory accountys for that
year. Those accounts, upon which the Company's Auditors issued an unqualified
opinion, have been delivered to the Registrar of Companies.

3. Earnings Per Share

The calculation of earnings per share is based on the profit after tax for the
financial period divided by the weighted average number of ordinary shares in
issue during the period.

4. Post Balance Sheet Events

There have been no significant post balance sheet events.

5. Interim Report

This interim report will be available free of charge to the public from the
offices of the Company, 2nd Floor Berkelely Square House, Berkeley Square,
London W1A 6BD.

This statement has not been subject to an audit.




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

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