Business
First Day of Dealings of AIM
First Day of Dealings of AIM.
About this update from Marechale Capital Plc
[{"type":"text","content":"\n \n\n St. Helen's Capital Plc / Epic: SHCP / Market: AIM / Sector: Financial services.\n3 March 2008\n St. Helen's Capital Plc ('St Helen's Capital' or 'the Company')\n First Day of Dealings on AIM\n\nSt Helen's Capital Plc, an independent institutional stockbroker and corporate finance adviser focused on\ncompanies in the small cap sector and companies which the Directors believe have the potential to achieve\nrapid growth, listed on AIM today via an introduction.\n\nOverview\n\n- First day of dealings on AIM - introduction will raise profile within target corporate and\n institutional markets\n- Focused on the small cap sector, providing corporate finance advice and acting as institutional\n stockbroker for AIM, PLUS and pre-IPO companies\n- Currently corporate broker to 12 AIM quoted companies, with market capitalisations ranging from\n circa £2 million to £330 million\n- Acts as PLUS corporate adviser to 34 PLUS quoted companies representing more than 15% of the\n number of companies admitted to PLUS\n- Strategy to build on strengths and market presence to further develop client base\n- Ideally placed to capitalise on the considerable growth opportunities in the small cap sector\n- Strengthening financial position - results for the six months ended 30 September 2007 showed pre-\n tax profits of £1.13m (under IFRS, previously reported under UK GAAP - £0.99m) on turnover of £2.3m. As\n at 22 February 2008, the Company had cash reserves of approximately £2m\n- Strong experienced team of respected small cap specialists\n\nSt. Helen's Capital CEO Ruari McGirr said: \"With increased visibility and improved liquidity, our\ntransition from PLUS to AIM marks an important step in our strategy to further strengthen our presence in\nthe small cap arena and attract high-quality individuals to the team. As testament to our team's drive and\ndetermination, whilst the current economic climate is undoubtedly difficult, we have maintained a steady\ninflow of new transactions and business opportunities allowing us to select those that we feel will further\nbenefit our corporate profile. Our financial performance has been strong and we believe we have the skills\nand ambition for profitable expansion and the ability to deliver healthy returns to our shareholders.\"\n\nFor further information visit www.sthelenscapital.com or contact:\nRuari Mc...