Trading Statement
2010年6月23日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMTQC
RNS Number : 0737O
Third Quad Capital PLC
23 June 2010
Third Quad Capital Plc ("TQC" or the "Group")
Trading update for the interim period to June 30th 2010
The Group has enjoyed improved fortunes during the first half of 2010. The
board of TQC (the "Board") believes its core business, Formjet Innovations, will
achieve a trading profit for the six month period to 30 June 2010. In addition,
the overall financial position of the Group has improved as Plc costs have been
reduced which, together with the early receipt of consideration announced on 1
March 2010, has allowed repayment of the Group's overdraft facility. TQC
currently has a positive net cash position.
Ability Office
This summer will be an important time for our core product Ability Office. The
office software market is currently dominated by Microsoft, which, on 15 June,
launched Microsoft Office 2010. This launch brings significant changes to both
Microsoft's office software range and also the manner in which it is brought to
market. We believe that these changes will give Ability Office improved
opportunities to increase its market share. As a result we have developed a
stand-alone product for DSG International Plc ("DSGi"), Ability Office Complete,
which is our most comprehensive office software suite to date. It comprises all
our standard Ability office applications (Write, Spreadsheet, Presentation,
Database, Photopaint and Photoalbum), with the addition of a combined e-mail
client and calendar program. We are delighted that DSGi has also decided to
market Ability Office Complete in a combined retail product together with Norton
Internet Security from Symantec, the acknowledged brand leader in the IT
security market. The Board believes that the two essential programs that all
PC, Notebook and Netbook users require on their systems are Internet security
and an office applications suite. The combination of Ability Office Complete
with Norton Internet Security in a single cost-effective package provides
customers with an equally capable but more competitively priced choice when
looking to fulfil these two core computing needs.
Acquisitions
The Group has investigated a number of acquisition opportunities in the first
half of 2010. In weighing up these opportunities the Board has considered
amongst other factors, dilution, execution risk and costs. To date, the Board
has remained wary of entering into a large transaction because of the financial
uncertainties that have prevailed throughout this period.
In addition, as the core business has improved, the Board believes it is
sensible to focus its attention on smaller, less dilutive transactions and to
that end, we are currently investigating a number of attractive opportunities
which we will announce, should any reach fruition.
Balance sheet
In the last month the Board has noted an improvement in the property market in
the Crawley/Gatwick area and it expects to update the position of the Group's
property at the time of our interim results are announced.
Directors' remuneration
Because the Group is now performing better and the balance sheet has been
strengthened, the Board has decided that Andrew Monk should be paid a salary.
The Board is committed to keeping costs as low as possible, whilst ensuring that
improvements are rewarded and growth is encouraged.
For further information, please contact
Third Quad Capital Plc
Andrew Monk, CEO
012 9384 8860 or 07973 224 283
Shore Capital and Corporate Limited
Andrew Raca or Edward Mansfield
020 7408 4090
This information is provided by RNS
The company news service from the London Stock Exchange
END
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