Momart

Image source: Freebase

Type: Company

Name: Momart

First reported Apr 23 2013 - Updated Apr 23 2013 - 1 reports

Far away but a long way to go for shares

:38 PMWritten byThe Falkland Islands, tucked away deep in the South Atlantic, conjure up all kinds of images for different people. From an investment perspective, there is little doubt it is oil and minerals that spring to mind, the former being high ... [Published Cambridge News - Apr 23 2013]

Entities: Momart, Falkland Islands Co Ltd, Falkland Islands Hldgs PLC, Ferry, Desire Petroleum Plc

First reported Apr 17 2013 - Updated Apr 18 2013 - 2 reports

Tate Britain

Falklands firm counts cost of cruise and oil-drilling drop

Fewer cruise ships and less oil-drilling activity will mean a drop in profits from £3.2m to about £3m in the year just ended, the Falkland Islands Company said. The firm, which runs shops, construction and transport services on the islands, added that ... [Published The Independent - Apr 18 2013]

Entities: Momart, Tate Britain, Manet

First reported Apr 17 2013 - Updated Apr 17 2013 - 1 reports

Falkland Islands Holdings to report fall in annual profits

Falkland Islands Holdings, a British conglomerate which owns logistics, warehouses and retail outlets on the islands, expects to report a fall in annual profits.The company anticipates pre-tax profit of £3.0m for the year to March 31st 2013, compared ... [Published BullBearings - Apr 17 2013]

Entities: Falkland Islands Hldgs PLC, Sea Lion, Falkland Islands Co Ltd, Momart, Ferry

First reported Apr 17 2013 - Updated Apr 17 2013 - 2 reports

Momart

Pre-Close Trading Update

th April 2013 Falkland Islands Holdings plc Falkland Islands Holdings plc ("FIH" or the "Group"), the AIM quoted international group which owns essential services businesses focused on retail, transport and logistics and owns 12.8 million shares in Falkland ... [Published TrustNet - Apr 17 2013]

Entities: Momart, Sea Lion, Falkland Islands Co Ltd

Quotes

...The firm, which runs shops, construction and transport services on the islands, added that it still believes "there will be a quantum leap in the economy over the next decade and momentum is expected to build in 2014 as the development of Sea Lion [oilfield] commences" . It said tourist activity was down last year after Argentina pressured cruise ships against stopping at the Falklands, but the situation has returned...

Falklands firm counts cost of cruise and oil-drilling drop [Published The Independent - Apr 18 2013]

"As a result, although turnover increased on the record levels seen last year, FIC's contribution is expected to be slightly lower" the company said

Falkland Islands Holdings to report fall in annual profits [Published BullBearings - Apr 17 2013]

...4 million and bank borrowings of $2.0 million. Chairman of FIH, David Hudd; commented: "I am pleased to report another year of solid trading for the Group across the portfolio of businesses. Momart delivered a particularly encouraging performance as it continued to benefit from its market leading position and reputation for excellence, in a strengthening global commercial art market and a busy exhibition schedule which included Manet at the Royal Academy, Pompeii and Herculaneum at the BritishBritish Museum, Schwitters at Tate Britain, and David Bowie at the V&A. "2012/13 was a particularly significant year for the Group, as we raised an additional $10 million of equity funds which will enable us to participate in the opportunities now emerging in the Falkland Islands. We expect that there will be a quantum leap in the economy over the next decade and momentum is expected to build in 2014 as the development of Sea Lion commences. However in the short term conditions are expected to be quieter in the absence of drilling activity which has been a factor since 2010. "The Group's preliminary results for the year ended 31 March 2013 are expected to be released on Monday 10 June 2013." - Ends - Falkland Islands Holdings plc David Hudd, Chairman"

Falkland Islands Hlg : Pre-Close Trading Update [Published Investegate - Apr 17 2013]