cobras
- 20 Nov 2003 17:41
any good news on this stock guys,,,
skyhigh
- 23 Jun 2006 07:15
- 35 of 46
Well, Here are the results at last
Pretty good I think and bodes well for the future....only downside is this ...
the Board's fundraising plans for the current
year, which include the replacement of this debt finance in September , will
continue to be influenced by the relationship between the share price and par
value. Whilst the share price remains below par, our plans will continue to be
to raise debt finance with warrants attached, if appropriate.
Not sure what impact this will have but overall things are looking very good
ARC Risk Management Group plc
Final Results for the Year to 31 March 2006
ARC Risk Management Group plc ('the Group') announces today its final results
for the year to 31 March 2006.
ARC Risk Management Group plc is a provider of security risk management
services, offering preventative and reactive advice to help individuals avoid
and manage personal risks to themselves and their families. The products are
distributed through leading international financial service companies.
Highlights:
Increase in turnover: 2,008,683 (2005: 1,020,687) - up 97%
Reduced loss before tax: 635,415 (2005: 1,121,667)
Reduced loss per share: 0.16p (2005: 0.46p)
Increase in available cash: 307,366 (2005: 153,735)
Placing raised new equity of 320,000 in June 2005
Launch of CorporateCare product - being well received in the corporate
travel market
Significant contracts in the period include:
launch of red24alert and Identity Theft Assistance Services for
Hiscox Plc policyholders
'Leading insurance company' to provide red24 security services to
customers
distribution agreement in Japan via AIG International Services
Considerable growth of red24 sales which now comprise 60% of group
revenues
Simon Richards, Executive Chairman, commented:
'I am pleased to report that a great deal has been achieved in the twelve months
under review and that good progress is being made in all the group's areas of
operation. The increase in turnover and halved losses are a substantial
improvement and one which demonstrates that further growth in revenues will make
the group profitable.
'Across all three divisions we continue to grow our relationships with existing
and new partners in the financial service and insurance industries and, for
red24 in particular, we envisage increasing growth in the worldwide adoption of
our products. This has the potential to produce very significant returns for
shareholders.'
ARC Risk Management Group plc 020 7235 1488
Simon Richards, Chairman
Threadneedle Communications 020 7936 9605
Graham Herring/Alex White
HB-Corporate 020 7510 8600
Imran Ahmad
Chairman's Statement
Introduction
I am pleased to report that a great deal has been achieved in the twelve months
under review and that good progress is being made in all the group's areas of
operation. Substantial growth in customer revenues has fed through to our
financial performance and, by the end of the financial year, losses had largely
been stemmed. The revitalised infrastructure of the group, putting each division
into a separate subsidiary, each with its own managing director, has certainly
helped.
Financial Overview
Turnover demonstrated a healthy 97% year on year growth to 2,008,683, while the
loss before tax fell from 1,121,667 in the previous financial year to 635,415
incurred last year. Clearly a substantial improvement and one which demonstrates
that further growth in revenues will make the group profitable. Year end cash
resources doubled from 153,735 to 307,366.
Immediately after the publication of the results for the year to 31 March 2005,
we successfully raised 320,000 in new equity. Subsequently the share price has
not exceeded its par value for other than brief periods and, in consequence, the
additional finance, of which I spoke in the interim statement, has had to be
provided by way of debt finance. The Board's fundraising plans for the current
year, which include the replacement of this debt finance in September , will
continue to be influenced by the relationship between the share price and par
value. Whilst the share price remains below par, our plans will continue to be
to raise debt finance with warrants attached, if appropriate.
red24
red24 is a global security service providing preventative and reactive advice to
help individuals avoid and manage personal risks to themselves and their
families. Last June we entered into an agreement with HSBC Bank plc to
incorporate red24's personal security service as part of HSBC's Premier banking
offering and ID imposter into their HSBC Plus banking offering. These are two
significant contracts, which have taken the total number of customers of red24
to well over 500,000. Each month several thousand new customers are added and
the English language service of red24 now has sufficient mass to cover its costs
on a monthly basis.
red24's Japanese service has taken longer to develop than expected but is now
being sold in Japan through AIG IS's network of agents. At present, the product
is offered as a discretionary sale and take up has not been as high as we had
hoped. This is, however, consistent with our early experience in the UK and
critical mass is unlikely to be achieved until red24 is incorporated in a major
financial product offering on a mandatory basis. This is expected to occur in
the not too distant future.
Significant investment in product development has continued. Our CorporateCare
product has recently been launched and is being well received. A gap year
product has also been launched alongside a training suite aimed at equipping
young people with the security background for their year out. Moreover, we have
developed our identity theft related services significantly, making our product
in this area a market leader. Essentially we have developed a modular approach
to the management of security risk advice, which enables us to tailor the core
red24 product to meet the needs of particular markets quite readily. The modular
approach then gives an opportunity to our distributors to purchase product
upgrades appropriate to their client needs and budgets. Furthermore, we have
been developing a more retail friendly offering with a view to partnering with a
distributor to offer our services directly to the public for the first time.
This should open up a new revenue stream for the division without affecting our
core focus on mandatory sales. In preparation for this avenue we have focused
more resources on our PR activity; success to date includes the public face of
red24, David Hill QPM, appearing on Sky News six times.
It is pleasing to note, as contracts come up for renewal, both that our
distributors are tending to take the opportunity to upgrade the product they are
taking and also that feedback from their clients when using the red24 service
has been positive. For the year as a whole we have maintained the growth in
revenues referred to in the interim statement and red24 sales, which were more
than five times those of the corresponding period last year, now comprise over
60% of group revenues.
Consultancy
Our consultants provide risk assessment and crisis planning both to a number of
corporate clients and also to insurance companies and their insured. This advice
helps our clients to avoid major business risks but, should an event occur, it
also prepares them to deal with the crisis thereby reducing the impact on their
business. The contingency planning covers a wide range of potential risks and is
not limited to the security sector.
Since the year end, the consultancy business continues to develop and I am
pleased to announce that we have recently been retained as advisors to a major
international company to assist them with crisis response. This is in addition
to renewing a significant contract in the insurance sector on which we are
retained to provide special risk services.
Training
I am pleased to say that the autumn programme, coupled with a number of in-house
courses run for overseas clients, resulted in recovery of the revenue lost in
the first half. The accreditation of our key Security Management Course by
Middlesex University, thereby enabling delegates who opt to do additional home
study to complete part of a university degree, whilst attending our courses, has
also led to an increase in delegate numbers on the 2006 programme.
Outlook
ARC Risk Management is strongly positioned as a leading provider of security
risk management services. These are meeting the growing requirement for greater
protection for those travelling, whether on business or for pleasure, markets
which, at present, remain largely untapped.
Across all three divisions we continue to grow our relationships with existing
and new partners in the financial service and insurance industries and, for
red24 in particular, we envisage increasing growth in the worldwide adoption of
our products. This has the potential to produce very significant returns for
shareholders.
Staff
Finally, I would like to thank all my colleagues and staff for their support and
unfailing enthusiasm for something which we all regard as a very special
project.
Simon Richards
Chairman
22 June 2006
ARC Risk Management Group plc
CONSOLIDATED PROFIT AND LOSS ACCOUNT
For the year ended 31 March 2006
2006 2005
TURNOVER 2,008,683 1,020,687
Cost of sales (503,398) (395,001)
--- ---
GROSS PROFIT 1,505,285 625,686
Administrative expenses (2,123,164) (1,749,259)
--- ---
OPERATING LOSS (617,879) (1,123,573)
Interest receivable 3,839 9,928
Interest payable (21,375) (8,022)
--- ---
LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION (635,415) (1,121,667)
Taxation 156,973 -
--- ---
LOSS FOR THE YEAR (478,442) (1,121,667)
=== ===
LOSS PER SHARE (PENCE) (0.16p) (0.46p)
=== ===
All turnover and results arose from continuing operations
chris
- 23 Jun 2006 07:44
- 36 of 46
Looks like all the wording from the interim repeated. Not very impressed. They however have increased sales and reduced losses. Maybe things will get better.
skyhigh
- 23 Jun 2006 08:06
- 37 of 46
Yep... whilst the results are not stunning... they do point to good profits coming thru in the current yr and more importantly, in FY07....good time to keep topping up at these levels (imo)
chris
- 23 Jun 2006 08:10
- 38 of 46
I'll wait a week or two the mm's has a way of sucking people in then dropping the price.
skyhigh
- 23 Jun 2006 08:24
- 39 of 46
Good plan...although in the long term, 1-2 yrs, the sp should increase significantly as company directore/employess have bought in at much higher levels and shareholders will be looking for a return on it's investment... might also see a div payout in a couple of years time... (IMHO)
overall, I'm quite bullish about the the long term prospects for this company and it's shareholders !
But... nothing ever goes according to plan, anything can happen so we'll see how it turns out!
sutomb
- 27 Jun 2006 12:13
- 40 of 46
Puzzling thing about this co is if you go on their web site red24 will cost you 80.00 to join whereas the co says it has 500000 members! Obviosley they are selling to Insurance Co's and Banks at a massive discount! Pity, as at 80.00 per member this would earn 40,000,00. I think the product should be offered to the public at large and perhaps an small increase in price would generate increased revenues all round and support the share price.
skyhigh
- 02 Jul 2006 15:23
- 41 of 46
This from last weekend.... looks encouraging... surprised there hasn't been a follow thru impact on the sp... but it's bound to rise from here... might even top up at these levels as it must be due a re-rating... (imho)"
"The Independent on Saturday noted an upturn in the share price of Arc Risk Management (ARC.L) following increased turnover and lower losses, while Saturdays Express also reported a growing demand for its products. Nevertheless, the share price was unchanged at 0.63p during this mornings trading."
skyhigh
- 27 Jul 2006 07:33
- 42 of 46
Well, would you believe it ! Here's some good news just released.. the story just gets better and better..... which means the sp should do as well !
ARC RISK MANAGEMENT GROUP PLC
ARC SIGNS LICENSING AGREEMENT WITH AIG INTERNATIONAL SERVICES
ARC Risk Management Group Plc ('ARC' or 'the Company'), the AIM-listed global
security company, has announced it has finalised an agreement with AIG
International Services ('AIG IS') of Houston, Texas to distribute its red24
service. AIG IS is a member company of American International Group, Inc., world
leaders in Insurance and Financial services.
red24's services provide information and advice on security issues around the
world, with an optional upgrade offering a response service, providing 24 hr
assistance in potentially life-threatening situations.
Commenting, ARC Group Board Director and Managing Director of red24 Simon
Wakeling said: 'We are delighted with the news of this contract, which is the
result of many months of hard work and adds AIGIS to our growing list of
international blue chip clients.'
skyhigh
- 08 Aug 2006 07:24
- 43 of 46
More good news... the story just gets better & better..
The SP must be due a major re-rating to a much higher level..(imho). it may take the next interims to demonstrate it's well on it's way to good profits etc.
ARC Risk Management Group PLC
08 August 2006
ARC Risk Management Group plc
AGM Statement
Ahead of today's AGM, the Chairman made the following statement.
Since the financial year end, ARC Risk Management ('ARC' or the 'Group'), the
AIM-listed global security company, has made significant progress across the
range of the Group's activities being:
red24
red24 is the Group's core division which provides global security services. Its
aim is to be the world's leading international personal security risk management
provider and is working to achieve this through the following channels:
mandatory retail sales in the UK, international distribution agreements,
offering services to employees through corporate clients and, through working
with retail experts and affiliate partners, to offer individual retail sales.
We have continued to present our services in a modular approach to our UK-based
clients, which enables them to offer various levels of service to their
disparate customer groups, according to budget spend and value of those
respective customer groups. The past twelve months have also seen red24 position
itself in the general assistance market, working with partners to offer services
which complement our own expertise, including credit reference and concierge
services.
HSBC Bank plc, an existing client of red24, has included additional elements of
red24's services within its package of benefits to customers of its UK-based
Plus and Premier accounts. Both Plus and Premier account holders now receive the
benefits of identity fraud protection and personal security assistance.
The gap year market continues to be a key distribution area for red24's
services. World Nomads, the selected travel insurance partner of the Lonely
Planet Guides, has started actively marketing red24 as part of its services and
the Group anticipate further revenue growth from this source. Furthermore, ACE,
who have recently launched its ACE Traveller travel insurance policy
specifically targeted at the backpacker market, is including red24 membership as
an automatic part of their package.
On 27 July, ARC announced a five year, worldwide agreement with AIG IS to
distribute its red24 service in the travel market. We expect to incorporate the
red24 services into a substantial number of travel policies in the coming
months. Already, the product has gone live in a new market sector in Japan with
universities which are involved in sending students overseas. This will provide
Japanese students with the added security that the red24 service offers.
This contract adds AIG IS to ARC's growing list of international blue chip
clients, including five of the ten largest FTSE100 companies. Following this
agreement, ARC has also improved its client list in the insurance and banking
sector which now includes ACE, AIG, Citibank, HSBC, Hiscox and Zurich.
We continue to offer our services to corporate clients, providing protection and
assistance for employees travelling to destinations as diverse as Haiti, Sudan
and Lebanon. We expect to roll out these services to further clients in the
coming months.
Regarding the retail and affiliate arena, we will be launching an enhanced red24
website in September to support our work with affiliate partners. The number of
end users of our service continues to grow, largely as a result of client led
marketing. Building awareness of the red24 service through marketing activity
continues and we aim, in the coming months, to establish a partnership with an
experienced UK retailer to broaden our channels of distribution.
Since the beginning of 2005 red24 has increased its customer base more than
ten-fold, with over one million membership units are now in circulation.
Consultancy
Our consultants provide risk assessment and crisis planning both to a number of
corporate clients and also to insurance companies and their insured.
Since the year end, we have been retained as consultants for a major book of
special risk business in the United States which offers good prospects to
develop the consulting business.
Training
Our Training business is the leading provider of training courses in the field
of Security Risk Management to blue chip companies outside the United States.
The training business has enjoyed a much better start to the year than in 2005
and, in addition to our published programme of open courses, has conducted a
number of major training courses overseas for international clients. Our staff
are playing a leading role in the professional development of the industry,
placing the business in an excellent position for further growth in the next few
years.
Outlook
An intensive programme of product development and cost cutting throughout the
Group has improved productivity and, through the three operating divisions, the
Group has now established a sound platform for long term customer growth.
As already announced, ARC has granted options to its directors and staff. These
can only be exercised if the consolidated pre-tax profit for the year ending
31st March 2008 exceeds 2m. The directors see this as a sign of confidence
throughout the Group that it will achieve a significant increase in its profits
for the year ending 2008 and they view the future with optimism.
skyhigh
- 07 Sep 2006 08:35
- 44 of 46
All quiet with ARC recently... time to keep topping up at these levels... if things are going well we should see a positive trading statement at the end of Sept/start of Oct. Next results should be in Nov. Be good to see some more deals/contracts won as well...
deadfred
- 16 Nov 2006 07:46
- 45 of 46
interims out and there as good as last finals if not better
skyhigh
- 16 Nov 2006 09:03
- 46 of 46
Yep.. good stuff coming along nicely... operation loss halved again, turnover up, lots of stuff in the pipeline... still jam tomorrow stuff but we should be turing in an op. profit when the finals are released next May (imo)... be nice to see some good press now..