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London Asia Capital - Power fees will impact next year

May 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

2004 was a bit of a watershed year for London Asia Capital, the early stage merchant bank operating in China. Turnover for the year was £751,000 compared to £47,000 in the previous seven month period and pretax profit was £0.33m. The bulk of turnover was dividend income from its 48% stake in China Finance, a software supplier of securities analysis tools and training courses. Year end cash was £2.9m having raised £6.5m during the year and since then, London Asia has invested a further £2m into four transactions. However, £1.7m of this was part of a share swap arrangement with Asia Power, a power plant business in China, where London Asia now holds 10%. Chief executive Simon Littlewoo ...

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London Asia Capital - Power fees will impact next year

May 2005

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