12 month price target 167p based on the new business likeley to be generated by rolling out their smart card offering also good management

Doing pretty well.

In the blue again.

Positive again.

Displaying over recent days all the traits of a stock on the brink of delivering results, and hopefully good news on the new business which this one is all about.

still no results ????

No not yet.

their year end was december its not good enough

There must be some sort of reason. Results are expected to be bad but unimportant as I understand it (???). Even if they were very bad then so what. What else is being expected ?

Not over concerned myself.

The company will show a loss for the year (on the old business) but iTs the new pre paid card business which is the growth driver here, well that and the stash of cash and Jim Mellon and chums aboard.

The foundations are being laid.

GF I was out at 86 as the lack of news and the late results didnt insire me watching to get back in

Still my patient self Gordon.

Just waiting.

Will be glad when late sept comes and the small caps start to perform again. Very dull at the moment.

Is it time to buy yet? Been watching for a pullback for months. Now woirth less than it was at turn of year. If it has a future it might be entry time?

?.

I think 60p on the cards (there must be a reason for the delay)?? and not a good one

had email from JL yesterday results will be out in the next 7 days

they need to be out by end of June else wouldn't they be suspended ???

I still like the people on board and the porspects but glad I got out when I did

Some just sold 15k @ 62p
3p below the offer price ???????

65/67p

Another of Tom's T1ps ehh? at 75p no less.

Fopr those of you who think about following good old Tom (splendid man that he may be), pplease get a hold of the infamous OLLY INNY Interviews. GOOD OLD TOM KEPT SAYING BUY WIGGINS ALMOST UP TO THE POINT WHERE IT WENT BUST.

No wonder the small investor needs to take care.

You have your view David, but what you are forgetting is the downside limited by so much cash per share and the top notch investors aboard.

I stay patient.

I was in fact commenting on the illtiming of the tip, and the "experieced tipster"

The share is a good 'un!

Summer drift taking its part though David do you not think?.

Same with a lot of small caps on negligible volumes.

yes sure is.

Results out and future looks solid...

Conister Trust PLC
27 June 2007



Conister Trust PLC

27 June 2007


Conister Trust PLC Year-end results

Audited results announcement for the year ended 31 December 2006


Chairman's statement

Introduction


As your new chairman, I am very aware that Conister is a fundamental component
of the Manx financial scene, with a loyal and diverse local shareholder base.
Since its foundation in 1935, Conister has provided successive generations of
Island residents with fairly priced credit facilities.


However, in today's increasingly competitive marketplace, the provision of
consumer finance and related products provides an inadequate return on capital
employed for both the company and its shareholders. In recent years Conister has
struggled to maintain a reasonable level of profitability from its core
products. It became patently clear to the Board that the company required a
radical strategic re-think and re-capitalisation, whilst still maintaining the
important role of being the only truly independent Manx banking institution.
Your Board recognised that the Conister banking licence, held in a stable, well
regulated AAA rated domicile is an underutilised asset that could, and should,
provide greater shareholder value.


As part of the strategic review, Conister Trust PLC has implemented a number of
major developments in 2006. Firstly, we were able to strengthen our balance
sheet by injecting substantial new capital via Burnbrae Ltd, a Manx based
investment company with which I am connected. As a result, your Bank is now very
strongly capitalised. Secondly, this new capital has allowed us to create
TransBank, Conister's new E-commerce banking division, which has the ability to
generate a significant return. Our vision is to become the leading supplier of
prepaid card payment solutions through global business-to-business partnerships.
We are pleased to announce that we have six contracts signed for programs in
Australia, Canada, the Baltic States, the Isle of Man and the United Kingdom. In
addition, we have established a strong and healthy pipeline and we are
developing a significant number of new potential programs.


The performance of our traditional asset and personal finance business in the
Isle of Man has shown improvement due to focused management in this area. This
underlines our continued commitment both to the Isle of Man and to our
traditional customer and depositor base. We have also successfully launched a
new business stream - insurance premium financing.


The Bank is also focusing on attracting larger deposits from High Net Worth
Individuals and their enterprises. These individuals will provide us with an
opportunity to offer new and highly profitable products in the future.


Strategy - New Business


- Prepaid Cards


Conister Trust PLC has diversified into the E-commerce sector with the
establishment of TransBank, the new E-commerce division of Conister Trust PLC,
which will focus specifically on the prepaid card market.


The global opportunity for prepaid cards is estimated to be US$2.1 trillion+ and
the European market, whilst still in its infancy, has predicted annual growth of
110% till 2010. By this time, an estimated 360 million prepaid cards are
expected to have been issued in Europe, generating over 2.3 billion
transactions. The prepaid card market will only have reached 10% of its
potential by 2010.


We will develop business-to-business contracts with large global customers
seeking to deliver open-loop prepaid cards to their significant consumer bases.


+ Source: Visa (global prepaid market size across all segment types) - Personal
Consumption Expenditure

Our membership of MasterCard(TM)enables us to issue chip and pin prepaid cards,
branded with MasterCardTM, Maestro(TM)or Maestro InternationalTM, in sterling,
Euro and US$.


We have established partnerships with a number of proven processors and
operating companies. This model enables us to deliver tailor made programs to
our customers in a variety of market sectors.


This is a market which offers tremendous growth potential and I believe we will
build on the success we have already achieved.


- Premium Finance


A significant achievement in 2006 has been the launch of insurance premium
financing which has made a strong contribution to the Bank's results. This has
been achieved through an agreement with Group Direct.


Strategy - Existing Revenue Streams


- Asset and Personal Finance


The Bank's core business was focused on traditional hire purchase markets in the
Isle of Man and the UK. These markets are suffering from strong competition,
declining volumes and low profitability. Our strategy has been to focus on
improving performance and capitalising on new business opportunities following
the loss of a Manx competitor.


- Litigation Funding


Following a review of the litigation funding business, we have begun a planned
withdrawal from this market. There has been an increase in bad debt expenses and
costs associated with recovery; however we are making good progress collecting
outstanding receivables.


New Premises


Our current business premises in the Isle of Man are not suitable for a modern
operation. A new corporate head office is now under construction which will
better serve our future requirements. These leasehold premises should be
available for occupation towards the end of 2007. The current premises were
sold, realising a profit of 356,000.


Overview of Results


Our net operating income has declined to 3.9 million (2005: 4.2 million)
reflecting our withdrawal from litigation funding and the revenue generated by
litigation funding has reduced to 0.9 million (2005: 1.3 million).


Our overheads have increased by 28% to 4.1 million since 2005 reflecting the
strategy to transform the Bank and invest in new revenue streams. The increase
primarily comprises of the costs associated with the development of our prepaid
card offering. In addition, in order to drive the transformation of the Bank,
Conister Trust PLC has appointed a new Chief Executive and Senior Management
team. Severance payments were incurred with the departure of two directors and
additional costs have also been incurred associated with our withdrawal from
litigation funding.


In our traditional HP business net assets stand at 44.2 million (2005: 45.9
million). This generated income of 5.5 million (2005: 5.9 million). Looking
forward, trading conditions are expected to remain competitive in our
traditional markets.


Premium finance generated gross revenue in 2006 of 288,000 (2005: nil). It is
anticipated that the agreement with Group Direct will deliver lending of at
least 5 million annually over four years.


The Bank incurred a number of significant expenses during 2007. 300,000 was
incurred as part of a planned corporate restructuring which we expect to
complete in the latter part of 2007. A 262,000 loss was incurred due to aborted
acquisitions prior to our concentration on the prepaid card market. These have
been offset by a 356,000 profit generated from the sale of the premises in the
Isle of Man.


Thus the Bank incurred a loss on ordinary activities after tax of 815,000
(2005: 78,000 profit) in the year ending 31 December 2006. The results are in
line with the Board's expectations as we transform the Bank, building the
foundations for future success.


The underlying trading performance in the second six months of 2006, after
removing transformation costs and significant expenses, has shown an improvement
on the first six months.


Board and Executive Changes


During the year a number of non-executive directors have departed - Peter
Hammonds (former Chairman), Neil Kennedy, Simon Lee - and the executive director
Gareth Jones. I would like to express my, and the Board's, appreciation to all
for their service to Conister Trust PLC.


As previously announced Jerry Linehan joined Conister Trust PLC in March 2006 as
Chief Executive Officer. He has been joined by Ilyas Khan, Don McCrickard, Dr
Christopher Fay and Philip Stamp as non-executive directors. They have brought
to Conister considerable financial and banking expertise, supporting our new
strategy, providing strong leadership and creating an experienced Board.


International Financial Reporting Standards ('IFRS')


The results for the year ended 31 December 2006 are the last to be prepared
under UK Generally Accepted Accounting Principles. The 2007 interim results will
be the first prepared under IFRS.


Dividend


The Board has resolved that a dividend will not be paid (2005: final dividend of
nil and interim dividend of 0.3p per share).


Summary


I am pleased to report that the underlying trading performance is showing signs
of improvement.


We have made significant progress towards our strategic aim of establishing a
strong global position in the prepaid card market. The signing of six contracts
for programs in Australia, Canada, the Baltic States, the Isle of Man and the
United Kingdom is evidence of this ambition. Our pipeline is strong, with leads
being progressed in a number of different market sectors.


The Bank has been strongly recapitalised to support the strategic transformation
and during 2007 we will continue to invest strongly in our prepaid card division
and exploit the opportunities that we have generated.


Finally, I would like to express my personal thanks, and that of the Board, to
the staff at Conister Trust PLC who have worked extremely hard throughout the
year to ensure that the business is well positioned for the future.


For further information, please contact:


Conister Trust plc

Jeremiah Linehan

Tel +44 (0) 1624 694 694