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Overview
Aim of the Company
2017 Results
2016 Results
Lance O'Neill and CCCAL Who are City and Claremont?
Shareholder Return
What's the End Game?
Conclusion

Directors

Lance O'Neill
Benjamin Edwards (appt 2016)
Nigel Duxbury (resigned 2016)

Info

About this Site
Financial Performance
The Accounts
Major Shareholders
e-primefinancial Debacle
Relevant Links

Investments

Syntaxis
Calix Limited
MediaZest
Alba Minerals
Andes Energia

Financial Performance

The results for the year end December 2015 were released in July 2016 and some comment on these can be viewed here.

The table below shows the bottom line performance of the company over the years. The company would not know a profit if it was repeatedly hit over the head with one. Note that the unexpected profit in 2009 is a complete one-off caused by a profit on liquidation of a subsidiary from the e-primefinancial days (the underlying loss is also displayed).


Financial Summary

YEAREarnings/ShareNet Asset Value
2005-0.68p£2,003,312
2006-0.6p£1,973,789
2007-0.15p£1,966,781
2008-1.16p£1,912,406
2009-0.57p (actual +2.45p exceptionals)£2,027,668
2010-0.93p£1,983,942
2011-1.87p£1,895,967
2012-1.99p£1,802,406
2013-10.1p£1,327,076
2014-0.8p£1,288,930
2015-3.8p£1,109,930


Basically then EP&F always lose money. It's a bit similar to the investee companies. Mediazest, Alba Minerals, Andes Energia and Calix; serial loss makers all.


One other important point to consider is price inflation. Since we are now talking about decades of time this is significant. Very approximately the spending power of £1 in the UK has decreased by 30% since 2005. Therefore the effective paper loss to EP&F shareholders since 2005 is approximately 65%.