BLOODY USELESS SITE!

"is ADVFN bust? bb's been down all day" Said the server was down on the box that came up.

Final Results

first time I've seen any sign of a bb for ADVFN for years,
did they hide it or what...never shows on the usual listing place of bb's

StockMarketWire.com
ADVFN will not hold a meeting to appoint a new board until the Financial Conduct Authority confirms the shareholders making the call have permission to hold their increased stakes in the company.

ADVFN announced last month that it had received a further communication regarding a purported requisition for a general meeting from Sweet Sky Limited and Shellhouse Limited to remove all the directors of the company and appoint a new board.

ADVFN's wholly owned subsidiary, ALL IPO plc, is authorised and regulated by the FCA and shareholders seeking to own more than 10% of ADVFN must have permission by the FCA.

It says ownership above the levels of 10% and subsequently 20% without such prior change of control permissions is a criminal offence.

ADVFN says Zack Keinan, Sweet Sky Limited and Shellhouse Limited (the requisitioning shareholders) have disclosed a 25.71% shareholding in ADVFN as of 20 March.

It adds: "Despite repeated requests by the company to the requisitioning shareholders for the relevant information required to allow ADVFN to ascertain whether correct FCA approvals have been sought, this information has, to date, not been provided."

A statement continues: "Notwithstanding the view of the board that the purported requisition is an attempt to take control of ADVFN without paying a fair value for the company, the board has taken the view that it would be inappropriate to accept the requisition and convene a General Meeting without a clear confirmation that prior FCA approval has been granted for the requisitioning shareholders' interest in the company. As such, the board will not be taking any further action in relation to the requisition at this stage.

"The board strongly recommends that shareholders take no action."

ADVFN also says the board has received information that unknown parties have been communicating with shareholders, who have been bullied in an attempt to acquire shares in ADVFN.

The board encourages any shareholders who have experienced this to contact the company's help line on 0207 0700 961.

StockMarketWire.com

ADVFN, the global stocks and shares website, is currently recruiting for a number of roles due to expansion. The site, which has five million monthly unique users, is looking for smart, enthusiastic and motivated individuals with a global view to join its busy London office. Advertising sales is currently a key recruitment area for ADVFN.

The company already attracts some of the world's largest financial clients and wants to ensure persistent growth in this area as well as continuing its successful diversification into well known non-financial brands.

Specific roles include:
- Junior PHP Developer for ADVFN's Brazilian Site

- Digital Display Senior Sales Account Manager

- Digital Media Sales Executive

If only I knew what those mean!

"The site, which has five million monthly unique users"- made me laugh!

about 1 million have 4 other aliases and half work for goldman sucks and the like ...like giant steps,no bull formerly eurofox

I have a feeling that the business might be in trouble. Rumours that 20 of the 60 staff have been made redundant in the last few weeks. Anyone know if this is more than a rumour? The share price is falling.


CrazyBear

I doubt the business is fundamentally in trouble. Maybe just a long term decline as advertising revenue is split between increasing and more diverse websites.

I don't understand them as a company. Some of the tools are great and they've got lots of punters on the BB's but why oh why they continue with that stupid font beggars belief.

I wasn't that far off, rumours soon escalate to an RNS !!! More to come ....?



Audited Results for the Year Ended 30 June 2015
RNS
RNS Number : 3172D
ADVFN PLC
23 October 2015



ADVFN PLC
Audited Results for the Year Ended 30 June 2015

ADVFN, the global stocks and shares website, announces its audited results for the year ended 30 June 2015

The annual report and accounts will shortly be sent to shareholders and will be available on the Company's website, http://www.advfn.com.

For further information, please contact:

Clem Chambers,
ADVFN PLC CEO
0207 0700 909

Salmaan Khawaja/ Jen Clarke/ Jamie Barklem
Grant Thornton UK LLP (Nominated Adviser)
0207 383 5100



CHIEF EXECUTIVE'S STATEMENT
2015 was a solid year with sales broadly in line with last year at £9,297,000 (2014: £9,702,000). Losses were £1,560,000 (2014: £454,000) an outcome significantly exacerbated by our difficult and costly defence of the illegal action of a particular shadowy group of share holders at the beginning of the year which was seeking to take control of the ADVFN board (the "Requisitioning Shareholders").
This was a major distraction and the situation was resolved by the UK Regulator this summer, very much to our relief.
Meanwhile we worked with our advisers on a potential acquisition of London South East Limited, a UK financial website and provider of stock data, with an eye to combine the business and talents with ADVFN. Since the end of the financial year, this deal has fallen into abeyance. Market conditions and changes in the VCT rules have meant the market currently has little appetite to finance this kind of deal but both parties have left the door open for working together in the future.
We have been focusing very keenly on reducing costs. Historically we have focused on growth opportunities and this has been the strategy for well over a decade. However we have decided to deviate from that path and instead shift our focus to cash flows and profitability. The initial phase of this was underway in the lead up to the year end and has continued beyond and by the end of the calendar year we will have refocused our efforts into optimising our businesses in the UK, US, Brazil. We will still enjoy significant traffic and revenues from the Rest of the World (ROW) but our focus in the medium term will not be investing material resources beyond those core territories.
The bear market that kicked off around spring time in the markets has created flashes of growth, especially in Brazil and it is likely that if the market continues to become more volatile, we will benefit from an increased level of interest this creates. Whilst seemingly counterintuitive, very bad markets are good for us and like our advertising clients, quiet markets are poor for us, while fast markets are excellent. It seems likely that volatility will increase.

Share price not looked so good

Heard rumours at Master Investor Show at weekend that it might be up for sale. Wonder if this is true and if it is exacerbated by general difficulty fund raising in markets for smaller caps?

Would be ironic if after ADVFN tried to buy London South East that if the tables were turned and they actually bought ADVFN.

No, I am not a shareholder, so not ramping!

Skinny; Its not, this time ;-)

I had a phone call yesterday from someone wanting to buy my shares (not that I think I have any now) saying someone was making a bid for ADVFN and was willing to pay between 50p and £2.

I let them go on a bit but told them to go away in the end smelling a rat with the whole thing.

A search on the web for the number they used brought this up click here

I don't think I will be following them up any further or buying shares in anticipation of a bid.

M

carrying with the joke by now

re - and was willing to pay between 50p and £2.

Martini, you forgot to say if it was for the lot or for each share. lol

Martini: Can I sell you some cheap indemnity insurance ;-0)

BTW I noticed today that Clem's book is #1 on Amazon (investing)!

Yes Clem outsells Mike's "How I became such a great share trader" (Investing) by a wide margin.