BLOODY USELESS SITE!

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

Shows how illiquid it is!

Part of the cause for beinging illiquid I expect, is that they will have no discussion on their own BB about themselves. I see someone dumped 7k today though.

I do find it odd that they will not allow a discussion about their shares on their own BB though,there are plenty of other illiquid share threads there and they used to allow it.

Someone brought it up the other day and they said no threads on afn would be allowed.

StockMarketWire.com
ADVFN's operating losses fell from £1,905,000 to £650,000 an improvement of 65.8%, in the year to the end of June.

Sales were down 10.7% from £9,297,000 in 2015 to £8,303,000. However, costs of sales and expenses were down 20.1% from £11,202,000 in 2015 to £8,953,000.

The after tax loss for the year was £478,000 down from £1,560,000 - an improvement of 69.4%.

Chief executive Clement Chambers said: "2016 was a transformational year for ADVFN with a change in the long term strategy of the company from international growth to consolidation of the existing business.

"Having had our plans derailed last year by the attempt to take control of the ADVFN board, we have made the decision to enter a period of retrenchment.

"Cash burn and losses are almost unavoidable with the sort of investment programs we have undertaken in the past. Currently the UK stock market has no stomach to support this kind of strategy so we have changed course to avoid needing to raise further funding and to instead produce profits and cash flow.

"Curtailing investment drops quickly through to the bottom line but also feeds through to reductions in sales. The net result is equilibrium at a lower level of activity, which we hope will provide a solid basis for future growth. This is what we are working towards and, so far, we have made good progress."

Their server down for over half an hour now. Someone feed the electricity meter for them

They are up and running again....