공시 • Jul 08
Cancellation of Admission to Trading of Fulham Shore Shares on AIM Will Take Effect from on 12 July 2023 On 5 April 2023, Fulham Shore and Bidco announced that their respective boards had reached agreement on the terms of a recommended all cash offer pursuant to which Bidco, a newly-incorporated company established on behalf of TORIDOLL Holdings Corporation ("TORIDOLL"), would acquire the entire issued and to be issued share capital of Fulham Shore (the "Acquisition"). The Acquisition is to be effected by means of a Court-sanctioned scheme of arrangement between Fulham Shore and relevant Fulham Shore Shareholders under Part 26 of the Companies Act (the "Scheme"). Further to the announcement on 9 June 2023 in relation to the results of the Court Meeting and the General Meeting, Fulham Shore and Bidco announced that the High Court of Justice in England and Wales has issued a Court Order sanctioning the Scheme under section 800 of the Companies Act 2006 pursuant to which the Acquisition is being implemented. It is anticipated that the Effective Date will be 11 July 2023, conditional upon the delivery of a copy of the Court Order to the Registrar of Companies. Fulham Shore confirms that the last day of dealings in, and for registration of transfers of, and disablement of Fulham Shore Shares in CREST will be 10 July 2023 and the Scheme Record Time will be 6.00 p.m. 10 July 2023. Scheme Shareholders on Fulham Shore's register of members at the Scheme Record Time will, upon the Scheme becoming Effective, be entitled to receive the consideration under the Scheme. Dealings in Fulham Shore Shares on AIM will be suspended from 7:30 a.m. on 11 July 2023. The suspension is made pursuant to Fulham Shore's application to the London Stock Exchange and is being effected as part of the Scheme. It is expected that, subject to the Scheme becoming Effective on 11 July 2023, the cancellation of admission to trading of Fulham Shore Shares on AIM will take effect from 7:00 a.m. on 12 July 2023. 공시 • Jun 28
The Fulham Shore PLC, Annual General Meeting, Jul 20, 2023 The Fulham Shore PLC, Annual General Meeting, Jul 20, 2023, at 10:00 Coordinated Universal Time. Location: The George IV, 185 Chiswick High Road, London, United Kingdom 공시 • May 17
Delisting and Cancellation of Admission of Fulham Shore Shares to Trading on AIM Is Expected on 12 July 2023 On 5 April 2023, the boards of Fulham Shore and Bidco announced that they had reached agreement on the terms of a recommended all cash acquisition pursuant to which Bidco will acquire the entire issued and to be issued share capital of Fulham Shore. The board of Fulham Shore is now providing the following update on the Acquisition, which will be effected by means of a Court-sanctioned scheme of arrangement between Fulham Shore and relevant Fulham Shore Shareholders under Part 26 of the Companies Act. Fulham Shore Shares are currently admitted to trading on the AIM market operated by the London Stock Exchange. Before the Effective Date, an application will be made to the London Stock Exchange for the cancellation of the admission to trading of Fulham Shore Shares on AIM and to de-list Fulham Shore from AIM, to take effect on the business Day following the Effective Date. Trading in Fulham Shore Shares is expected to end at the close of business on the business Day before the Effective Date, assuming that the Scheme has been approved at Court and by Fulham Shore Shareholders. As soon as practicable after the Effective Date, it is intended that Fulham Shore will be re-registered as a private limited company under the relevant provisions of the Companies Act. Delisting and cancellation of admission of Fulham Shore Shares to trading on AIM is expected by 7.00 a.m. on 12 July 2023. Price Target Changed • Dec 17
Price target decreased to UK£0.22 Down from UK£0.25, the current price target is an average from 2 analysts. New target price is 115% above last closing price of UK£0.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of UK£0.0029 for next year compared to UK£0.0058 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Des Gunewardena was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Sep 01
The Fulham Shore PLC, Annual General Meeting, Aug 31, 2022 The Fulham Shore PLC, Annual General Meeting, Aug 31, 2022. Reported Earnings • Jul 22
Full year 2022 earnings released: EPS: UK£0.006 (vs UK£0.011 loss in FY 2021) Full year 2022 results: EPS: UK£0.006 (up from UK£0.011 loss in FY 2021). Revenue: UK£82.7m (up 105% from FY 2021). Net income: UK£3.66m (up UK£9.97m from FY 2021). Profit margin: 4.4% (up from net loss in FY 2021). Total stores: 84 (up by 12 from FY 2021). Over the next year, revenue is forecast to grow 27%, compared to a 27% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. 공시 • Jun 09
The Fulham Shore PLC to Report Fiscal Year 2022 Results on Jul 21, 2022 The Fulham Shore PLC announced that they will report fiscal year 2022 results on Jul 21, 2022 Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Des Gunewardena was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Dec 08
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: UK£0.004 (up from UK£0.007 loss in 1H 2021). Revenue: UK£39.5m (up 103% from 1H 2021). Net income: UK£2.42m (up UK£6.36m from 1H 2021). Profit margin: 6.1% (up from net loss in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 39%, compared to a 45% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 20
Full year 2021 earnings released: UK£0.011 loss per share (vs UK£0.002 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: UK£40.3m (down 41% from FY 2020). Net loss: UK£6.31m (loss widened 429% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Feb 24
MD & Director exercised options and sold UK£239k worth of stock On the 19th of February, Nabil Ayad Mankarious exercised 4m options at a strike price of around UK£0.05 and sold these shares for an average price of UK£0.11 per share. This trade did not impact their existing holding. For the year to March 2020, Nabil Ayad's total compensation was 74% salary and 26% non-salary. Since June 2020, Nabil Ayad's direct individual holding has increased from 113.93m shares to 116.88m. Company insiders have collectively bought UK£180k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Dec 19
First half 2021 earnings released: UK£0.007 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: UK£19.9m (down 45% from 1H 2020). Net loss: UK£3.94m (down UK£4.31m from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 128% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. 공시 • Nov 03
The Fulham Shore PLC, Annual General Meeting, Nov 25, 2020 The Fulham Shore PLC, Annual General Meeting, Nov 25, 2020, at 09:00 Coordinated Universal Time. Location: 50-51 Berwick Street London United Kingdom 공시 • Sep 30
The Fulham Shore PLC to Report Fiscal Year 2020 Results on Oct 15, 2020 The Fulham Shore PLC announced that they will report fiscal year 2020 results on Oct 15, 2020 공시 • Aug 07
The Fulham Shore PLC has completed a Follow-on Equity Offering in the amount of £2.25 million. The Fulham Shore PLC has completed a Follow-on Equity Offering in the amount of £2.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,000,000
Price\Range: £0.0625
Transaction Features: Regulation S; Subsequent Direct Listing