BLOODY USELESS SITE!

"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.

Oh err, have they run out of cash?


28 April 2016

ADVFN PLC

("ADVFN" or the "Company")

Director dealing and issue of equity

ADVFN announces that it has today issued 113,636 new ordinary shares of 0.2 pence each ("Ordinary Shares"), representing 0.45 per cent. of its issued share capital, at a price of 22 pence per share to Clem Chambers, the Company's Chief Executive Officer, for total consideration of £25,000.

Due to the limited availability of ADVFN shares in the secondary market at this volume, the Company agreed to issue new shares at 22 pence per share, being the offer price as at market close on 27 April 2016. The proceeds will be used for general working capital purposes.

Accordingly, Clem Chambers' aggregate beneficial interest (direct and indirect) has increased by 113,636 Ordinary Shares to 1,337,520 Ordinary Shares, representing 5.28 per cent. of the issued share capital and total voting rights of the Company. Clem Chambers' indirect interest is through On-Line PLC of which he holds a 19.96 per cent. beneficial interest.

Application will be made to the London Stock Exchange for admission of 113,636 Ordinary Shares to trading on AIM (the "Admission") and it is expected that Admission will take place and that trading will commence on AIM on or around 5 May 2016.

The issued share capital of the Company following the issue of the new Ordinary Shares is 25,333,846 Ordinary Shares of 0.2 pence each. The Company does not hold any Ordinary Shares in Treasury.

Following Admission, the above figure of 25,333,846 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information, please contact:

Clem Chambers,

He could have bought my 1200 shares!

Ring him up, Martini has his number :-)

Quite telling that he did not buy in the market but he bought to put cash in the bank. I would be worried as a shareholder that they need this.

Fund raising on the horizon?

£25k isn't going to keep them going very long. All a bit odd

CC; maybe month end pay checks

hmm - up 50% on £15k's worth of trades. Stream of buys over one hour suggesting one person buying everything the MM's would give them