Interregnum plc (www.interregnum.com), is an AIM-listed technology
merchant bank (symbol: ITR). Established in 1992, it provides advisory
services including corporate finance, IP exploitation and commercial due
diligence to corporates, government, technology entrepreneurs, advisors and
investors. In addition it invests in technology companies, focused primarily
on principal equity stakes although, in some cases taking minority equity
stakes.


Last month Liontrust Investment Services Limited increased its interest to 13.4% of the issued share capital. Director Ian Taylor topped up at 5.69 pence in December.


Recent Trading Update 27 Jan 05

Interregnum's consolidated revenues for the six months ended 31 December 2004
showed an increase of more than 370% to 3.3m (1H 2003-4: 0.7m). This reflects
increased revenues from the Interregnum advisory business and from its
subsidiary Yospace, together with the full consolidation of the revenues of
Cellular Design Services (CDS) which was acquired in February 2004.

Consolidated operating losses were reduced to 719,000 (1H 2003-4: loss of
799,000).

Operating cash flow for period improved to -614,000 (1H 2003-4: -928,000), and
the cash balance at 31 December 2004 was 1.915m (31 December 2003: 1.1m)

Highlights from the three primary components of Interregnum's business were as
follows:

Interregnum Advisory Business
Advisory revenues increased to 453,000 (1H2003-4: 290,000), but this does not
yet show the full impact of the 7 new people hired during the period. On 16
December Interregnum acted as a placing agent alongside Collins Stewart in the
5.6m placing announced by Screen plc (AIM: SEN/L).

Investment Portfolio
The investment portfolio continued to perform well. New investments into the
portfolio increased to 458,000 (1H 2003-4: 125,000). These included 250,000
in Future Route, a supplier of software which helps financial institutions
detect and prevent credit card fraud, and 150,000 in Oilcats, a provider of
Supply Chain Content Management software and services to the Energy sector.

There were no significant realisations from the investment portfolio (1H 2003-4:
181,000), and the portfolio (net of provisions) was valued at 3.051m (31
December 2003: 2.499m)

Subsidiary Companies

CDS completed its first full trading period since its acquisition by
Interregnum, generating revenues (for the six months to 31 December 2004) of
2.313m, net before tax profits of 86,000, and net positive cash flow of
173,000. CDS has focused on higher-margin, complex wireless infrastructure
work, leading to deeper business relationships with operators such as O2, 3,
T-Mobile, and BT, with equipment vendors such as Nokia, and with large property
owners such as BAA.

Ken Olisa, Interregnum Chairman and Chief Executive commented: "We are pleased
with the progress of all parts of our business. CDS and Yospace are now making
significant contributions to group revenues, and we expect AVM to continue this
trend. The investment portfolio generally is performing well, and we are
particularly pleased with the speed at which the new members of Interregnum's
advisory team have been integrated into the business; we expect them to make a
substantial contribution to both advisory revenues and deal flow during the
second half of FY2003-4 and beyond."

Full interim results for this period are planned to be released at the end of February 2005

Any thoughts welcome!



SP has took of since the start of this year...

Oh yeah topped up this morning and its show as a sell!

cracking set off results... anyone who's wants a nibble should take a look at the Q & A session within the results. Expect a blue day today and here's to a good 2005 for ITR!

Interregnum PLC
24 February 2005



Thursday 24 February 2005

PRESS RELEASE

INTERREGNUM PLC

Financial results for the 6 months ended 31 December 2004


Financial highlights

Group turnover up 385% at 3.35m (2003: 0.7m) reflecting increased
revenues from Interregnum's advisory business and the consolidation of
revenues from its subsidiaries Cellular Design Services Ltd ('CDS') and
Yospace Technologies Ltd ('Yospace').
Like for like Group revenues (excluding CDS acquisition) up 43% at 1.0m
(2003: 0.7m)
Interregnum advisory revenues grew by 56% to 453,000 (2003: 290,000)
Group operating loss further reduced by 10% to 719,000 (2003: 799,000)
despite an increase in overheads resulting from the addition of seven new
corporate finance hires
There were no significant realisations from the portfolio (1H 2003:
181,000), which contributed to a retained loss for the period of 468,000
or 0.51 per share (2003: 191,000, 0.29p per share)
Adjusted portfolio value(1) increased by 15% to 5.3m on 31 December
2004 (June 2004: 4.62m)
Cash at bank on 31 December 2004 1.92m (2003: 1.10m)
Cash receipts from investee companies post period end include 400,000
dividend and 400,000 interest payments.

Corporate Progress

Yospace, which is 47% owned by Interregnum, grew revenues by 60% to
659,000 (2003: 412,000), and secured a global contract with a leading
mobile operator
CDS, which is 100% owned by Interregnum, achieved profits of 87,000
(2003: loss 23,000)
Following the recruitment of four new MDs, the advisory fee pipeline is
greater than at any time in Interregnum's history
Audio Visual Machines Ltd. ('AVM'), an audio visual solutions provider,
was acquired post period end, supporting Interregnum's strategy of taking
principal investment positions; AVM is expected to be earnings enhancing in
second half of 2004-5.

(1) Adjusted to include the carrying value of Cellular Design Services, Yospace
Technologies and Interregnum Investment Partners

Commenting on the results, Ken Olisa, Chairman and Chief Executive of
Interregnum, said:

'The technology market's continuing improvement helped us to achieve record
group revenues. The combination of shrewd acquisitions, an advisory team with
significant experience and increased firepower, position us well to take
advantage of our growing pipeline. Our operating subsidiaries, CDS and Yospace,
performed well during the period and, along with the recent acquisition of AVM
following the period-end, enhanced our capability in two of our four focus
sectors - Wireless and News & Entertainment. Our role as lead investor and
fundraiser in the recently completed 2.3m investment round in Future Route adds
further evidence of our work in the third of our chosen sectors - Security. From
an assets perspective, our portfolio grew in value again and post period end
yielded dividends and interest totalling 800,000.

'We are confident that the world's technology markets are set for a period of
continuing improvement. This positive environment plays to Interregnum's
merchant banking strengths. Creative people, a powerful global network of
contacts and access to capital are in ever greater demand as technology
entrepreneurs seek to exploit the improved environment.

'The hard work and careful execution of strategy which have sustained us through
the last two difficult years are beginning to pay off, and we expect the current
pattern of growth to continue. As an expert technology merchant bank which buys,
sells, advises invests in and operates winning businesses, we believe
Interregnum offers investors unique access to today's technology market.

- Ends -

For further information, please contact:

Interregnum 020 7494 3080
Ken Olisa, Chairman & CEO
Martin Cooper, Finance Director

Merlin 020 7653 6620
Vanessa Maydon 07802 961 902
Rebecca Penney 07795 108 178

Attached: Chairman's Statement
Profit & Loss Account
Balance Sheet
Cashflow Statement
Notes to the Interim financial statement


CHAIRMAN'S STATEMENT

Q1: In your last results statement you predicted that the technology market
would continue to recover. Were you correct?

The early signs of life continued throughout 2004 and I am delighted to see that
the trend has continued into 2005. Although in no way comparable to the excess
exuberance of the late 1990s, the markets in the USA and Europe continue to
improve both in the older consolidating technology sectors and in the growing
wireless/mobile world. You can see the evidence of increasing strength in the
consolidating sector from the major players' increased revenues and the
heightened levels of M&A transactions. Meanwhile the energy and enthusiasm which
surround the Apple iPod and the RIM Blackberry devices serve as pointers to the
emerging Age of Ubiquity - a period in which some of the previously over-hyped
areas such as 3G, home broadband, and on-line commerce achieve maturity.

Q2: Can you quantify this apparent up-tick in the technology market?

Yes; on the demand side, research carried out by IDC pegs worldwide IT spending
in 2004 at US$965 billion and forecasts that it will continue to grow by 6% per
annum up to 2008. It is a little harder to measure supply side activity, but two
statistics serve to provide an indicator of the willingness of technology
companies to engage in transactions which enhance their value.

The volume of Initial Public Offerings (IPOs) provides a good indicator of stock
market sentiment and in 2004, Regent Associates reported that technology IPOs in
Europe numbered 88 up from 20 the year before and back to the pre-boom levels of
1996 and 1997. Regent also reported that the Mergers & Acquisitions (M&A)
environment is equally vibrant with over 2400 transactions involving European
technology companies last year - a number as high as that achieved at the
market's peak year of 2000.

Q3: What does this mean for Interregnum?

Two things. Firstly, as the results show, we can translate an up-tick in
spending from the demand side of the market - i.e. customers - into growth in
our operating subsidiaries. Secondly, as things pick up, our traditional clients
on the supply side find themselves in greater need of advice, which in turn,
flows through to the growth in our advisory revenues.

Q4: And how are you positioned to profit from this renewed energy?

Increasingly well. There is no doubt that the last few years have been tough for
Interregnum as they have for anyone involved in the technology world. Our
decision to embrace the role of merchant bank has enabled us to adopt a more
flexible approach to the many opportunities that exist than would have been
possible had we remained a traditional venture capitalist. Over recent months
our work has been applied throughout the business lifecycle. We have helped
build plans for a variety of start-ups; we have raised seed capital for growing
businesses and debt for established ones. We have brokered the sale of
established companies and undertaken acquisition target projects for our
clients. More directly we have invested in some of our clients, and we have
bought and operated going concerns. All of these activities become more
important as the market pace increases and we feel that we have the people,
services, track record and reputation to win more than our fair share of the
opportunities that will emerge.

Q5: I still don't really understand what you mean by 'merchant bank' can you
explain?

It is a slightly confusing term I admit, but it is the best description of what
we do. In essence, the merchant banks of old carried out the kind of work
described in the last answer. But I have noticed that when I describe the detail
of our work, the audience begins to lose the thread of my message - they get the
feeling that we are doing too many things. We're not. In many ways Interregnum
is like a property developer. We find high potential assets and, using our
expertise, we try either to derive a continuing income from them or we buy them,
improve them and then sell them on at a profit. The shorthand way of describing
us is as a creative group of expert professionals combined with a powerful
network and access to capital - all targeted at buying, selling, advising,
investing in and operating technology businesses, i.e. we are an intellectual
property developer or, rather, a technology merchant bank!

Q6: Back to your results - can you dig below the surface and give me a better
picture of what is really happening?

It's perhaps best to view Interregnum as consisting of three elements -
advisory, investment and operating.

Our advisory business, which grew by 56% in the first half, works with clients
at every stage from start-up to established. In that role we help them to
develop and execute their corporate strategy. This might mean helping them to
define the need for acquisitions, then finding the target companies and finally,
negotiating the purchase; or it might mean helping to define their investment
needs and then securing the necessary funds. Equally, it might mean, as we are
at present, helping a large US real estate developer work out how to exploit the
computer systems that are being specially designed to support their latest
property development.

Our investment activities are reflected in our portfolio which contains all of
the equity which we have acquired. Here, we work with the investee companies'
managers and our co-investors to develop and execute winning strategies. This
can involve a wide range of tasks from forging an alliance with a much bigger
corporate partner, or introducing a company to a large potential customer, to
seeking further funds for growth.

Operating our subsidiaries is the third leg of the Interregnum stool. Currently
we have three subsidiaries in sub sectors of the technology market which draw on
our knowledge and contact network.

Q7: These sound like three very different lines of business.

Not really, they have a great deal in common. Success in each requires a deep
knowledge of the technology market and of the financial ecosystem which supports
it. But equally, the knowledge, skills and abilities needed to support an
advisory client's sales strategy are identical to those which we would deploy to
build revenues for one of our own subsidiaries. Working out the competitive
forces in a sector requires the same skill set whether we own all of the
company, a minority of the company or merely advise it.

Q8: Clearly one of your biggest assets is your portfolio - how is it valued?

In keeping with most technology investors we value our portfolio in the accounts
according to the guidelines issued by the British Venture Capital Association
(BVCA). This means that we value our share of any company either at the last
financial event involving the company (investment, acquisition, etc) or, if
there has been a significant change to the company's fortunes, a judgement has
to be made (and agreed with our auditors) which will result in marking the
holding up or down.

Q9: This sounds very conservative - if your intention is to sell your assets,
you are unlikely to do so at the book value - what is the best way of
quantifying this potential value?

We use the BVCA guidelines so that our portfolio can be compared to those of
other institutional investors using something approaching an equal footing.
However, application of these guidelines does not always give a full picture of
the value - or potential value - of these holdings. For example, the table below
compares the current BVCA valuation with that obtained by applying to our
largest holdings the range of revenue multiples used widely to value public
companies.

Principal elements of the portfolio:

Company Current 1x multiple 2x multiple 3x multiple
valuation 000s

CDS 1,558 5,100 10,200 15,300
Respond 1,177 823 1,646 2,469
Yospace 635 1,034 2,068 3,102
Metapraxis 600 495 990 1,485
Adaptive Inc 522 357 714 1,071
AVM 530 2,270 4,540 6,810
Total 5,022 10,079 20,158 30,238

NB: AVM was acquired post period end

Q10: Looking at your balance sheet, you don't have a particularly large cash
balance - how will you fund operations and future investment?

From three sources: cash generated from our own operations, realisation of
investment assets, and capital from our contact network. The power of that
network was demonstrated by our success in raising 2m capital for Screen plc
(now Petards Group: PEG) and Future Route.

Q11: So the market is moving and you have a revitalised team to attack it - what
are your projections for the next twelve months?

The technology sector will continue to recover as predicted by the spending
figures I quoted at the beginning. Secondly, the consolidation of existing
companies will continue as the larger players seek to create scale as a defence
from the even bigger companies in our market - the mergers of PeopleSoft and
Oracle; and Symantec and Veritas are the beginning of a trend which will play
out well beyond 2005. Meanwhile, as customers increasingly come to see
technology as a way to achieve competitive advantage, they will demand access to
innovative solutions which naturally tend to come from smaller, nimbler
entities. There is a large role for Interregnum to play as companies across the
size spectrum seek to makes sense of and then profit from the increasing market
momentum. It has been a long time since we have seen such a positive environment
in which to buy, sell, advise, invest in and operate technology businesses.

Thank you

Ken Olisa
Chairman and CEO

Portfolio

Client % holding Carrying value
before
provisions
Adaptive, Inc 15% 522,000
Blue Arc -* 18,000
CDS 100% 1,558,000**
Elite Strategies - 20,000
Interregnum Investment
Partners 100% 150,000
Future Route 3% 250,000
Kecrypt 8% 40,000
Knowledge=Power - 0
Metapraxis 15% 600,000
Monactive - 0
NanoMagnetics 7% 50,000
Oilcats 2% 150,000
Open Text - 36,000
Plasmon - 0
Respond 26% 1,177,000
Speed-trap - 38,000
Webscreen 6% 58,000
Yospace 47% 635,000

5,302,000

* - indicates a holding of less than 1%
** Since CDS has been owned for less than 12 months, it has been valued at cost
in accordance with BVCA guidelines


Consolidated profit and loss account
Six months ended 31 December 2004
______________________________
Note Six months to Six months to Year to
31 December 31 December 30 June
2004 2003 2004
(unaudited) (unaudited) (audited)
000 000 000

Turnover 2 3,349 702 3,773
_____________________________
Cost of sales (756) - (746)
________________________________________________________________________________
Gross profit 2,593 702 3,027
_____________________________

Administrative (3,365) (1,539) (4,675)
expenses
Other operating 53 38 108
income
________________________________________________________________________________
Operating loss (719) (799) (1,540)
_____________________________

Profit on sale of 3 181 575
investment
Provisions released/(made) 194 266 345
against investments in period
Amounts written off - - (95)
investments
Net Interest 7 73 63
receivable
_____________________________________
Loss on ordinary activities (515) (279) (653)
before taxation
_____________________________

Taxation - - 102

Loss on ordinary activities after (515) (279) (550)
taxation
_____________________________

Minority interest 47 88 127

Retained loss for the (468) (191) (423)
period
_____________________________
Loss per share - basic 3 (0.51p) (0.29p) (0.56p)
and diluted


Consolidated statement of total recognised
gains and losses
__________________________________________________

Six months to Six months to Year to
31 December 31 December 30 June
2004 2003 2004
(unaudited) (unaudited) (audited)
000 000 000

Profit/(loss) for (468) (191) (423)
financial period

Unrealised surplus on 27 548 452
revaluation of fixed asset
investments

___________________________________________
Total recognised gains/(losses) (441) 357 29
for the financial period ============================================


Consolidated balance sheet
31 December 2004
__________________________________________________
As at As at As at
31 December 31 December 30 June
2004 2003 2004
(unaudited) (unaudited) (audited)
000 000 000
Fixed assets
___________________________
Intangible assets 1,628 510 1,651
Tangible assets 334 216 386
Investments 4 2,957 2,499 2,281
________________________________________________________________________________
4,919 3,225 4,318

Current assets
__________________________
Debtors 5 2,198 1,011 2,144
Cash at bank and in hand 1,915 1,100 2,859
________________________________________________________________________________
4,113 2,111 5,003

Creditors: Amounts 6 (1,849) (573) (1,916)
falling due in one year
________________________________________________________________________________
Net current assets 2,264 1,538 3,087

Total assets less 7,183 4,763 7,405
current liabilities
__________________________

Creditors: Amounts falling due (1,549) (212) (1,281)
after more than one year
__________________________
________________________________________________________________________________
Net assets 5,634 4,551 6,124
================================================================================

Capital and reserves
_________________________
Called up share 4,620 3,272 4,621
capital
Share premium 19,430 18,877 19,431
Revaluation reserve 428 544 401
Merger reserve (2,407) (2,407) (2,407)
Profit and loss account (16,220) (15,565) (15,752)
________________________________________________________________________________

Equity shareholders' funds 5,851 4,721 6,294

Minority shareholders'funds (217) (170) (170)


5,634 4,551 6,124
================================================================================

Consolidated cash flow statement
Six months ended 31 December 2004
_____________________________
Note Six months to Six months to Year to
31 December 31 December 30 June
2004 2003 2004
(unaudited) (unaudited) (audited)
000 000 000

Net cash flows from 7 (534) (928) (1,493)
operating activities

Returns on investments and 12 67 103
servicing of finance

Taxation 0 24

Capital expenditure and (584) 571 890
financial investment

Acquisition - - (685)
________________________________________________________________________________

Cash outflow before use of (1,106) (290) (1,161)
liquid resources and
financing
____________________________

Financing 139 106 2,726
_________________________________________________

Decrease in cash (967) (184) 1,566
================================================================================

Reconciliation of net cash flow Six months to Six months to Year to
to movement in net debt 31 December 31 December 30 June
__________________________________ 2004 2003 2004
(unaudited) (unaudited) (audited)
000 000 000

(Decrease)/increase in (967) (184) 1,566
cash in the period
Increase in debt financing and (127) (106) (1,371)
lease financing
Loans and finance leases 0 (19)
acquired with subsidiary
Loan stock issued on 0 (400)
acquisition of subsidiary
__________________________________________
Change in net debt (1,094) (290) (225)

Net funds at 1 July 2004 953 1,178 1,177
________________________________________________________________________________
Net funds at 31 (141) 888 953
December 2004


Notes to the Interim financial statements
For the six months to 31 December 2004
________________________________________________________________________________

1 Basis of preparation
_________________________________
The interim financial statements have been prepared on the basis of the accounting
policies set out in the Group's statutory accounts for the year ended 30 June 2004,
and are unaudited. The interim financial statements do not constitute statutory
financial statements within the meaning of section 240 of the Companies Act 1985.
Comparative figures for the year ended 30 June 2004 are an abridged version of the
Group's full accounts which carry an unqualified audit report.

2 Turnover
_______________________________
By geographical market

Six months to Six months to Year to
31 December 31 December 30 June
2004 2003 2004
(unaudited) (unaudited) (audited)
000 000 000

United Kingdom 3,063 321 3,289
Other European 53 308 440
countries
USA and Canada 135 65 28
Other 98 8 16
___________________________________________________________________________
3,349 702 3,773
===========================================================================

3 Loss per share
______________________________
The calculation of basic earnings per share is calculated on a Group loss of
468,000 (6 months to 31 December 2003 loss of 191,000 and year to 30 June 2004
loss of 423,000) and a weighted average ordinary 5p shares in issue during the
period of 92,425,254 (6 months to 31 December 2003 65,433,107 and year to 30 June
2004 75,461,656).

Due to the loss of 468,000 (6 months to 31 December 2003 loss of 191,000 and 30
year to June 2004 loss of 423,000) there is no further dilution of the earnings or
the number of shares 92,425,254 (6 months to 31 December 2002 65,433,107 and year to
30 June 2003 75,461,656)

4 Investments
_____________________________

Cost
1st July 2004 2,281
Additions 458
Disposals (3)
Release of provisions 194
Revaluation 27
___________________________________________________________________________
2,957
===========================================================================

5 Debtors
______________________________

Six months to Six months to Year to
31 December 31 December 30 June
2004 2003 2004
(unaudited) (unaudited) (audited)
000 000 000

Trade debtors 1,353 454 1,073
Others debtors 595 321 715
Prepayments & accrued 250 136 304
income
___________________________________________________________________________
2,198 911 2,092
Due in more than one 0 100 52
year
___________________________________________________________________________
2,198 1,011 2,144
===========================================================================

6 Creditors: Amounts falling
due within one year
_______________________________

Six months to Six months to Year to
31 December 31 December 30 June
2004 2003 2004
(unaudited) (unaudited) audited)
000 000 000

Short-term loans 400 0 614
Obligations under finance 0 0 11
leases and hire purchase
contracts
Trade creditors 648 267 522
Amounts fall due to 0 132 0
Group undertakings
Corporation tax 0 0 12
Other taxes and social 305 62 262
security cost
Other creditors 305 27 146
Accruals and deferred 191 85 349
income
___________________________________________________________________________
1,849 573 1,916
===========================================================================

7 Cash flows
_____________________________
Six months to Six months to Year to
31 December 31 December 30 June
2004 2003 2004
(unaudited) (unaudited) (audited)
000 000
Reconciliation of operating loss to net cash flow from operating activities

Operating loss (719) (799) (1,540)
Depreciation 129 52 176
Amortisation of 23 27 112
intangible fixed
assets
Movement in debtors 68 (2) (317)
Movement in creditors (35) (206) 72
Loss on sale of 0 0 4
tangible fixed assets
____________________________________________________________________________
Net cash flow from (534) (928) (1,493)
operating activities
===========================================================================

Interim Statement
_____________________________
Copies of the Interim statement will be available to the public free of
charge from the Company's registered office: 22/23 Old Burlington St, London W1S 2JJ






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

Article in IC!

http://www.interregnum.com/documents/buy%20interregnum%20shares.pdf

Still talking to myself..

Hi, I have bought into ITR 3 times still holding but intend to buy in first thing tomorrow again. Fantastic results, tipped by City Equities good write up in IC and the odd whisper in share mag`.

Also going for new issue Chian Resources, done well with URA,GMC and Regency mining, following the mining bubble as I did the dot com but believe theres along way for these to go yet.

Good luck

David

cheers dave,

Good to see i'm not alone! Was starting to think i was going crazy... Will have a look at ura, alreay spotted gmc.

Looks like 2005 could be a great year for itr, lets hpoe it continues!

Good hunting

Take a look at Chian Res could be a good one. I think ITR will do very well and intend going in again soon.

Cheers

Great news:

Interregnum PLC
14 March 2005



14 March 2005


INTERREGNUM PLC


Signs Commercial Agreement with DestiNY USA(TM)



Interregnum plc ('Interregnum'), the technology merchant bank, today announces
that it has signed a commercial agreement to provide advisory services on an
on-going basis to DestiNY USA(TM), a 21st Century technology cluster being
developed as part of an estimated US$25 billion initiative in Upstate New York
in the United States.


The agreement with DestiNY USA is expected to generate significant undisclosed
advisory revenues for Interregnum in the current financial year.


Interregnum will provide DestiNY USA and partners with a valuation model for the
commercialisation of the Intellectual Property emerging from technology
businesses in DestiNY USA's Research Centre.


Interregnum will also help establish the 'Venture Engine'. This will include a
package and set of incentives to attract venture capital expertise and funds to
the region, as well as the policies around venture development and investment
for technologies developed at the Research Centre. The emerging technologies
will be installed at DestiNY USA which will act as a route-to-market and as
first enterprise level customer for these transformational technologies.


Commenting on this agreement, Ken Olisa, Chief Executive of Interregnum, said:


'Our agreement with DestiNY USA enables Interregnum to deploy its advisory
skills and in-depth understanding of emerging technologies - which are core to
what we do - on a significant scale, working with some of the largest and most
innovative technology companies in the world. In addition, DestiNY USA allows
us the opportunity to share in the potential upside of the commercial
exploitation of intellectual property in the US as well as in Europe.


'We are extremely excited to be working with DestiNY USA in creating a 21st
Century technology cluster - and being given a real opportunity to be able to
transform technology into wealth through enterprise and innovation.'



- Ends -





Enquiries:

Interregnum plc 020 7494 3080
Ken Olisa, CEO
Tim Gocher, Managing Director

Merlin 020 7653 6620
Vanessa Maydon
Rebecca Penney 07795 108178


Notes to Editors


Interregnum plc


Interregnum plc (

www.interregnum.com

) is a technology merchant bank listed on
London's Alternative Investment Market (symbol: ITR). Established in 1992,
Interregnum buys, sells, advises, invests in and operates technology companies.
Its advisory services include corporate finance, IP exploitation and commercial
due diligence. The company's clients are principally corporates, government,
technology entrepreneurs, advisors and investors.


DestiNY USA


DestiNY USA (

www.destinyusa.com

) will be an 800-acre tourist destination - the
biggest construction project in the US. It will be a showcase resort for
emerging technologies where the ultimate end-user - the consumer - can interact
with newly developing technologies, aimed at improving lifestyle, in an
environment specifically designed to enhance that interaction. By attracting
both the largest and smallest technology companies as partners, innovation will
be developed collaboratively.


DestiNY USA is the brainchild of Bob Congel, a US billionaire property developer
from Syracuse, who has provided initial funding for this project. Further
capital for construction is being provided by Deutsche Bank, and DestiNY USA is
working with Lehman Brothers and Citigroup for the underwriting. Building work
for DestiNY USA is expected to start in April 2005.


DestiNY USA will attract 25 million annual visitors, staying on average 3 days
each. It is within one day's drive of over 130 million consumers. DestiNY USA is
located in the heart of Northeast USA, surrounded by underutilised resources, in
a region which has strong universities and infrastructure. Designed to
regenerate the Upstate New York region, DestiNY USA will create 250,000 jobs.








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




Dave,

Did you manage to jump back in? What a great way to start the week! Surely more people have got to sit up and take note soon. Like the following snippet -

"The agreement with DestiNY USA is expected to generate significant undisclosed
advisory revenues for Interregnum in the current financial year"

"working with some of the largest and most innovative technology companies in the world"

"In addition, DestiNY USA allows us the opportunity to share in the potential upside of the commercial exploitation of intellectual property in the US as well as in Europe"

Good to see that yanks investing 25 billion initiatives, all looks good for itr. What was most supprising was the fact that we won such a great deal in the US, can only help enhance our reputation on the other side of the pond. Was led to believe that we'd be focusing our main effets in Europe, not going to complain :-)

Oh yeah had a look at URA, but plucked for VML instead, looks like a very promising share.

Anyone else into this one yet?

Good to see some coverage

Interregnum signs up for the new Kew in New York
Daily Telegraph
(Filed: 14/03/2005)

Interregnum, the Aim-listed merchant bank specialising in technology companies, has signed a deal to advise DestiNY USA, the group developing America's largest construction project, an 800-acre tourist park for emerging technologies in upstate New York.

The bank will help DestiNY build a sales model to attract partners, as well as raising money for any new technologies being brought to market. Construction work for the massive $25billion (13billion) project, expected to rival Silicon Valley, will start later this year and take more than two years.

Ken Olisa, chief executive of Interregnum, said: "It's really a very Victorian idea, like a bigger version of Kew Gardens. The concept is based around science and technology research but with opportunities to gawk, as well as shops and restaurants."

Great link below, make sure you watch the video on the lefthand side of the page.
http://www.destinyusa.com/ourpartners/interregnum.php

Also take a peek at the following website for more info, looks amazing!

http://www.destinyusa.com

Think itr will be rubbing their hands together...

Happy investing!

More good news, like this bit!

"The sale of Chevin is expected to generate significant undisclosed advisory
revenues for Interregnum in the current financial year"

With the extra seven people hired for Interregnum Advisory Business, expect to see plenty more of these this year.

Ah well back to talking to myself la la la

Interregnum PLC
16 March 2005



16 March 2005


INTERREGNUM PLC

Advises on sale of technology company for significant multiple of revenues

Interregnum plc ('Interregnum'), the technology merchant bank, today announces
that it has advised on the sale of Chevin Ltd ('Chevin'), a security and systems
management company, on behalf of MTI Partners ('MTI'), the UK's leading
early-stage hi-tech institutional venture fund, to Allen Systems Group ('ASG'),
a US provider of enterprise software and professional services, for an
undisclosed amount. Interregnum negotiated the successful sale of the company
for a significant multiple of revenues.

The sale of Chevin is expected to generate significant undisclosed advisory
revenues for Interregnum in the current financial year.

Interregnum assessed the value of Chevin - using its proprietary methodology,
The Four Pillars of Value(c) - and then identified the most appropriate acquirer
for the company. This transaction reflects Interregnum's capability to take a
pre-profit early-stage UK company and negotiate its sale to one of the world's
largest independently-owned software companies, creating significant returns to
Chevin's shareholders.


Commenting on the transaction, Ken Olisa, Chief Executive of Interregnum, said:

'The sale of Chevin represents a classic merchant banking deal for Interregnum,
drawing on our technology expertise and corporate finance skills to transform
technology into wealth for all parties involved. The deal is an exemplar of the
consolidation in the technology market as larger companies seek to find value
through acquisition of smaller IP-based businesses.'

Ernie Richardson, CEO of MTI, added 'Interregnum's creativity and its deep
sector knowledge have been integral to identifying the perfect home for Chevin.
ASG is an excellent fit, allowing shareholders of Chevin to share in the future
value created by this world class technology as it enters the global
marketplace.'

- Ends -

Enquiries:

Interregnum plc 020 7494 3080
Ken Olisa, Chief Executive

Merlin 020 7653 6620
Vanessa Maydon 07802 961 902
Rebecca Penney 07795 108178

Notes to Editors

About Interregnum plc


Interregnum plc (

www.interregnum.com

) is a technology merchant bank listed on
London's Alternative Investment Market (symbol: ITR). Established in 1992,
Interregnum buys, sells, advises, invests in and operates technology companies.
Its advisory services include corporate finance, IP exploitation and commercial
due diligence. The company's clients are principally corporates, government,
technology entrepreneurs, advisors and investors.

About MTI


MTI (

www.mtifirms.com

) is one of the UK's leading providers of specialist
venture capital to UK technology companies that are at an early stage in their
development or recovery. Its strength lies in its appreciation of hi-tech
companies, coupled with the experience to provide quality business advice. All
its executives are well-qualified technologists who have a passion for helping
young companies, and their management teams, evolve and grow. They have enjoyed
success in commercial business environments at the most senior levels of
management before joining MTI.


MTI's overriding motivation for investment is a company's potential for
commercial success, determined by the quality of its technology, potential
market, and the calibre of its management. The Company has been supporting UK
early stage technology since 1983, and is currently actively investing from its
fourth, 105m, fund. It typically provides between 1 million and 5 million,
with return on investment sought principally in the form of capital gain over a
3 to 7 year period.


Recent example investments made by MTI include Powerlase, Eleksen and ApaTech,
and recent major realisations include Sarantel and Advanced Composites Group.


About ASG

Founded in 1986, ASG is a privately held global enterprise software and
professional services firm that provides a full range of software solutions in
the Metadata Management, Security Management, Applications Management,
Operations Management, Information & Data Management, Performance Management,
and Infrastructure Management arenas. ASG is headquartered in Naples, Florida,
USA, with more than 45 offices serving the Americas, Europe, Middle East,
Africa, and Asia/Pacific. For more information, visit ASG at

www.asg.com

.


About Chevin

Founded in 1989 and based in Luton, Chevin (

www.chevin.com

) is a privately held
company whose primary objective is to optimize organisations' networks in terms
of performance and cost to provide both users and customers with an enhanced
network experience.



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

More good news!

AFX


LONDON (AFX) - Interregnum hardened 0.25 to 7.37 after the technology merchant bank agreed to merge its subsidiary companies, Interregnum

Wireless Holdings and Cellular Design Services, with Red-M (Communications), with the intention of floating the combined business on AIM) in the first half of 2005.

The combined business will be named Red-M Group Limited ('Red-M'). Its business focuses on wireless communications, including the provision of software and design services.

This, said Seymour Pierce, should quantify a substantially higher value over book costs for Interregnum's holding, which on an enlarged basis, will be around 45 pct of the Red-M group. An increase in net asset value can be expected to push Interregnum's share price higher, said the house, which thinks the company is generally trading better than for some time.

Seymour Pierce switched its stance on the stock to 'buy' from 'outperform'.

Hi dawsinho, just popped in to have a look given the good performance this week. Will comment on the ASOS Challenge, but perhaps you could visit to expand some of the virtues. Good to switch the focus from the old favourites and I like the look of this - will revisit to study more closely.

Eric

me too!

Well, that's the ultimate accolade!

only looking! a bit concerned about the tiny turnover-I can't see it driving the sp up much more. well tiny by comparison if you know what I mean--can't say I'd mind it myself!!

Have you noticed that this share was at 1 during the dot-com boom. Consider the potential one-off revenue from the CDS flotation; plus the destiny link up appears credible and could be worth mega-bucks. Thus (a question for dawsinho) a profit for the year looks credible leading to a rerating. I like the merchant bank posture - plus 7 new key staff. Cap is only 8m at present. Vibes increasingly positive!

Eric

dawsinho: reaction appears to have been slow to announcement of AIM flotation on Wednesday which could be very significant. Bigger move yesterday but on relatively small volumes. 4m shares traded last week - do we have any knowledge of that: no RNS yet 4% of equity. Charts very positive. Difficult to value a company like this and could be due a rerating.

Eric

Eric + Moneyplus, The destiny agreement is very hard to value at this stage although we know it is expected to generate significant advisory revenues for Interregnum. The great thing is Interregnum is going to have first pick at a lot of new and exciting companies and may choose to invest in them.

The Red-M flotation is again hard to call because we don't know its true value, but we know that Interregnum owns 45% of the issued share capital. News should be thick and fast as they intend to float within the next two months, will try and do some digging and get some figures on paper today or tomorrow.

4M shares traded? i've only got 561,972 for last week. Volumes have been very small since i got into this baby, just after turn of the year. Its one of the few tech companies which got through the last few years after the tech bubble burst, which means the competition is scarce. Although the week before last sore some large buying, but as of yet no rns.

Good to see some people taking an interest, need to put some figures on the Red-M valuation, which should then give a much clearer picture to the possible financial benefits for itr.

Phil

Phil: Thanks for feedback. The 4 million is a spike on the volume chart about a eeek before the last announcement. The trades facility on MoneyAM only gives the last week, but it appears that trades to that value haven't been shown. Don't know what the source for the volume figure is.

Careless talk can cost money and I'm not into these yet. My comments are really for the benefit of moneyplus: read Q9 in the excellent q and A section of the Interims. The value of CDS is given, I think at acquisition cost, as 1.558M but current value using industry guidelines is 5.1m on 'one multiple'. Perhaps thats enough for an initial stake and then wait for the action!

Eric

will do.cheers MP meanwhile having fun with Dil on our political argument!

Eric and others hereon

In response to your enquiry on SEO thread, my initial reactions to ITR are as follows:-

1. I smell something fishy, possibly some kind of gas escaping from a leaky techy/financial bubble.

2. I don't understand the core business or any of its subsidiaries and especially DestinyUSA.

3. There is a great deal of talk from KO about ITR being a means to realise shareholdervalue out of operations whose business consists of realising, you guessed it, shareholder value - out of what real value creating product, exactly?

4. It's history of dot.com bubble SP and the breathless pace at which RNS follows RNS seems to good to be true - which generally is all too true to be good news for shareholders.

5. There is a decided lack of focus - tech merchant bank, buying, selling, advising, inventing, conning, scamming, plus minority, hey let's do majority today, ownership of a scattergun collection of techyspeakybutnotdoy businesses. DestinyUSA seems similarly woolly about how it's planning to repay the $25bn investment from a bunch of nerds all at some great summer camp.

Many of its investments were advised or placed by CFP, did you notice - hmm.

Otherwise, I remain positive on the outlook for the company for the next few hours.

BTW the word cynic comes from the ancient Greek word cynos - a dog.

SD

lol a 25 billion summer camp for geeks... take it your not a fan of Interregnum!
If your interested take a look at Interregnum's website, each business is expanded on. Also take a peek at DestinyUSA website, everything is explained in great detail, looks amazing to me.

Happy hunting!

Now, sd, what was wrong when you ame home - bones, kennel or mistress? or all three? Thought you were a half full sort of chap until it was proved half empty! Interesting that the current valuation of their portfolio is 5m against a company cap. of less than 8m. Key question is the possible worth of CDS via the Red-M group in the forthcoming flotation. There's a nice piece of homework to keep you out of mischief. Agree that its almost the opposite of CFP with its tight focus.

Eric

45% of 20 -25 Million hmmmmm :-)

Red-M Preps IPO
04.27.05

Wireless security company Red-M Communications Ltd. has made a surprise move to launch an IPO on the back of its acquisition of network consultancy and optimization vendor Cellular Design Services Ltd. (CDS).

The vendor today announced plans to seek a listing on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). The company is believed to be valued today at 20 million to 25 million (US$38-$48 million), and will issue new shares worth between 10 million and 15 million ($19-$29 million).

We intend to list the company in the first half of this year, before June, says CEO Karl Feilder. No further details were forthcoming.

According to its Website, AIM gives companies from all countries and sectors access to the market at an earlier stage of their development, allowing them to experience life as a public company. Launched in 1995, AIM today lists over 1,100 companies.

Its important, however, to note the differences in admission criteria between the LSE and AIM. The LSE market requires that at least 25 percent of shares are released into public hands, while the AIM has no minimum value. No minimum market capitalization is necessary for a listing on the AIM, and no trading record or prior shareholder approval is required.

Nevertheless, Red-Ms Feilder is keen to talk up todays move. If you are a European company, you would normally be recommended to go on AIM unless you are very big. AIM is a subset of the LSE and controlled and regulated by it... The first thing you have to do to get listed on the AIM is to find a nominated advisor, or 'nomad,' who is regulated by the LSE. You have to persuade them that your company is really appropriate to list. You are not allowed to list unless you meet a whole load of criteria. We are using Bridgewell as our nomad.

The vendors plans may come as a surprise in light of past developments. Founded in 1999, Red-M purged its entire management team in the second half of 2002 following initial attempts to break into the 802.11 security space (see Red-M or Dead-M?). Although the company is now an established player in the wireless intrusion detection system sector, Red-M has never publicly disclosed its revenue figures or revealed levels of investment from VC backers Amadeus Capital Partners Ltd. and Apax Partners.

The vendor clearly has a few dollars in its back pocket though, as it has recently acquired U.K. business CDS for an undisclosed amount. CDS was owned by Interregnum, which is itself an AIM quoted company, so there are very tight restrictions on what we could say and when, explains Feilder.

We had been talking to them for over a year. They are a renowned company in the in-building market as well as consulting and design and implementation of wireless networks. Feilder states that CDSs experience in converging GSM and 3G wireless networks with WiFi was a key attraction. One of the things we wanted to do was to extend our experience in Bluetooth and WiFi to different wireless technologies.

CDSs head man, Simon Saunders, is to assume the CTO position at Red-M. Subsequent to todays acquisition, Red-M Communications is to be renamed Red-M Group and will claim a total headcount of approximately 70.

Justin Springham, Senior Editor, Europe, Unstrung
http://www.unstrung.com/document.asp?doc_id=72889

dawsinho: the word on my lips when I read your post was "blast!" as I haven't even had a chance to buy the blessed shares yet. Funny thing though, that the report is dated 27th April, last Wednesday and coincides with ITR's own RNS. Surprising that there has been as little reaction in the market as there has been. So, here's hoping!

Eric

Looks like another blue day!

Interregnum PLC
03 May 2005


3 May 2005

INTERREGNUM PLC

Acquisition of ITM assets by Interregnum subsidiary Audio Visual Machines

Interregnum plc ('Interregnum'), the technology merchant bank, announces the
acquisition of certain assets of ITM Group Ltd ('ITM') (in Administration) by
its subsidiary Audio Visual Machines Ltd ('AVM'). These assets comprise the
order book and debtors balance, and key members of staff, including the former
managing director of the audio visual division. This acquisition is expected to
increase AVM's revenues by approximately 2 million over the next 12 months.

This transaction supports Interregnum and AVM's strategy of combining companies
to create a major player focused on the supply, programming, and servicing of
complex, IP-based, audio visual solutions to major corporations. AVM's clients
include BP, GSK, Lloyds Bank and Sainsbury's.

Commenting, Ken Olisa, Chairman & CEO said: 'As we enter the Age of Ubiquitous
Computing, Interregnum sees a convergence of audio visual services and
Information Technology. We are investing in companies that together can deliver
the opportunities this convergence offers.'

- Ends -


Contacts:

Interregnum plc 020 7494 3080
Martin Cooper, Finance Director

Audio Visual Machines Ltd 020 7248 4770
Edward Cook, Managing Director

Merlin (PR advisers to Interregnum) 020 7653 6620
Rebecca Penney 07795 108 178


Notes to Editor:

Interregnum plc (

www.interregnum.com

) is an AIM-listed technology merchant bank
(symbol: ITR). Established in 1992, it provides advisory services including
corporate finance, IP exploitation and commercial due diligence to corporates,
government, technology entrepreneurs, advisors and investors. In addition it
invests in technology companies, focused primarily on principal equity stakes
although, in some cases taking minority equity stakes.

Interregnum acquired 82.35% of the equity of AVM in January 2005.

AVM (

www.avmachines.com),

established in 1990, is an audio visual solutions
provider. The company designs, supplies, programs and supports complex audio
visual systems ranging from boardroom presentation solutions to IP-based video
conferencing networks.

dawsinho: Your not alone any more! Bought in at 0.95p - will look cheap by the time the IPO comes! Trade not shown yet. Hey, you may be challenging bos before long!
It was the Red-M float that persuaded me to invest, even before you posted their expectations yesterday. Today's RNS confirms that they are going places.

Eric

Welcome! Topped up myself this am 0.94p.
If Red-m is valued at 20-25m and we have a nice 45% which is worth say just over 10m. ITR only paid around 1.5m for it just over a year ago, now thats good buisness! Great thing is the Red-m float looks great and there seems to be a lot of growth to come from them, which is going to directly benifit us.

Also this mornings rns seems like another good coup for the company, ITM appear to be in financial trouble and we've probably got some of their assets at a good price.

"This acquisition is expected to increase AVM's revenues by approximately 2 million over the next 12 months"

We currently hold 82.35% of avm's equity, which means we'll be seeing most of that!

Agree it looks great business. The existing cap is covered by the value of the float. Nor can they have paid much for the AVM assets. Cash is not particularly strong although they are generating it quite rapidly. Not sure how they could pick up cash from the Red-M flotation except by selling some of their own stake.

Eric

From UK-Analyst.com:

"Technology investor, Interregnum (up 0.625p to 9.125p) delighted the market with news of a revenue enhancing acquisition that looks set to add a further 2 million pounds in sales to its subsidiary, Audio Visual Machines. The company acquired, for an undisclosed sum, the assets, key staff and order book of a business that the group hopes will firm its position as a leading player in the supply of audio visual solutions to major corporates. Today's news followed hot on the heels from an upbeat statement towards the close of last week, in which the company revealed its wireless communications subsidiary had completed a merger and was planning to float on AIM in the next 2 months."

Surprising to see the relatively low key trading reaction. Never mind, gives chance for top-up at bargain basement prices.

Eric

Eric,

Prior estimates for Red-M valuation were 20-25m, just realised i didn't include the 10-15m of cash raised also! More like 40m.

http://www.red-m.com/News/#

Nice try, dawsinho! If flotation values Red-M at 40m then an extra one-third of shares, say, will have been issued and ITR's share will therefore drop to around 30%. Of course, ITR have key executive roles and will be able to llok after their investment; they must believe this is the best way of building value rather than taking the money and going away. From what I've seen, I like their style. Quite happy, really, to double my money by July!

Eric

I'll be happy with that :-)

Red-m group look set to start trading on the 9th of June, quicker then i thought. Should get some news flow soon.

http://www.londonstockexchange.com/en-gb/pricesnews/prices/newissues.htm

Daws

Little snippet from the ft
http://news.ft.com/cms/s/d5aa3ad4-c8cc-11d9-87c9-00000e2511c8.html

Good spot daws. Not long to wait. Again not picked up by market.

Eric

Red - m float postponement!

Bit confused by this, Bridgewell, Red-M's financial adviser has advised to hold the float for the time being because of aim market conditions even though the floatation had been positively received by investors...
Sold some my holding this am, cos i think the market wont be pleased with this news.
At least we know that red-m's value is around the 20-25m mark, which is still great business.

Daws




Interregnum PLC
03 June 2005


3 June 2005

INTERREGNUM PLC

Portfolio Company Announces Postponement of AIM Flotation

Interregnum plc ('Interregnum'), the technology merchant bank, announces today
that following a significant deterioration in the market conditions for new
issues on the Alternative Investment Market (AIM) during recent weeks, its
portfolio company Red-M Group ('Red-M') has been advised to postpone its planned
admission to AIM by Bridgewell, Red-M's financial adviser. The admission had
been planned to take place during the first half of 2005.

Interregnum believes that Red-M remains very well placed to succeed in the
growing market for wireless security and management products and services. The
Red-M business proposition has been positively received by prospective investors
and the company had raised 1.6m of new debt and equity funding as part of the
preparation for its IPO. Red-M therefore intends now to seek a private equity
round of funding as the best way of addressing this market opportunity.

Interregnum owns approximately 45% of the issued share capital of Red-M prior to
further fund raising, with the other principal shareholders being funds managed
by Apax Partners, Amadeus Capital Partners and Red-M's management.

- Ends -

Further enquiries:

Interregnum 020 7494 3080
Roger Jeynes 07971 545417

Merlin (PR advisers to Interregnum) 020 7653 6620
Vanessa Maydon 07802 961 902
Rebecca Penney 07795 108178

Red-M
Karl Feilder, CEO 07770 301 490
Shirley Fairall 07979 954 807

Corfin Communications (PR Advisers to Red-M) 020 7929 8989
Harry Chathli 07843 660 220
Neil Thapar 07876 455 323

Notes to Editor

Interregnum plc (

www.interregnum.com

) is a technology merchant bank
listed on London's Alternative Investment Market (symbol: ITR). Established
in 1992, Interregnum buys, sells, advises, invests in and operates
technology companies. Its advisory services include corporate finance, IP
exploitation and commercial due diligence. The company's clients are
principally corporates, government, technology entrepreneurs, advisors and
investors.


Red-M Group Limited was formed by the merger of Interregnum Wireless
Holdings Limited, Cellular Design Services Limited and Red-M Communications
Limited. Red-M develops a suite of hardware and software security products
which continuously monitor and pro-actively protect networks against rogue
wireless activity in their airspace. Red-M also provides wireless
consultancy, design and implementation services which enable organizations
to achieve greater productivity and create business value. Red-M was
appointed a technology pioneer by the World Economic Forum for the third
consecutive year in 2004.




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

Very quiet on this share. anyone else share my enthusiasm for ITR? I fancy a large mark up on the next RNS, re floatation.
Alan

Alan,

Expect the sp to react more when the floatation actually goes ahead! Very little dialog regarding proposed future dates of the floation though. Market conditions seem to be improving so its sit on your hands time and wait it out... In the mean time i expect some deals to be struck from Interregnum's advisory business and maybe some news regarding Destiny usa.

Daws

Hope so Daws, as I have held this for some time and it is rapdily becoming leader in my most boring share competition!!!
Alan

Alan,

Don't mind if this becomes the most boring stock in history, just as long as the sp keeps heading north! lol

Anybody fancy a job! lol
Office in the us set to open soon

http://www.interregnum.com/documents/ea%20job%20description(4).pdf

Daws

Always nice to see directors buying shares, i feel a top up coming on! lol

Interregnum PLC
18 July 2005


Interregnum plc

('Interregnum' or 'the Company')

Director Shareholding

Interregnum was advised today that Ian Taylor, a director of the Company,
purchased 56,750 ordinary shares of the Company at 7.5p per share today.

Following the above purchase, Mr Taylor now has an interest in a total of
380,000 ordinary shares, which represent 0.41 per cent. of the issued share
capital of the Company.




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

Well thats 3 of us, dawsinho. You, me and that director!!
Alan

Alan, lol........!

If your still there dawsinho, RNS says results in 2 weeks, in line with expectations. Any views, comments etc..... Anyone..............Please.
Alan

dawsinho, If you're still out there, and in here (!), any comment on todays RNS?
Perhaps its too early for me but that appears as clear as a foggy day in a coal cellar!
Alan

Anyone at all like to decipher todays RNS for me - re Artemis???
Got me blonde and stupid head on.
Alan

Morning al, i pulled outta these a while back. The potential seems to be there just a little slow moving for my likes.

Just me and a couple of directors left then. :-(((
Alan

no worries al, now i've left they will probably fly!

good luck.

Well thats me and 2 directors feeling a bit happier today then.
Might invite all shareholders to a party at my house. I won't even have to borrow any chairs from next door.
Alan

lol - i like ur style! at this rate you will be on the board in no time!

Keeps going in the right direction.
Anyone else got any thoughts?
Any chartists out there like the look of this chart?
I really am getting very bored making money on my own on this. ;-)
Alan

Interims released today, pretty much as expected.
No shares traded yet so it looks like me and the other two shareholders have adopted a wait and see policy on this one. ;-)
Alan

And we are glad we did adopt that policy. Trading statement from the new Parkmead group (new name for ITR) shows everything going a bit better than expected!!