Quantum Blockchain Technologies (QBT)

Sector:

Financials

Index:

FTSE AIM All-Share

 1.80p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.85
  • 52 Week Low: 0.88
  • Currency: UK Pounds
  • Shares Issued: 997.55m
  • Volume: 2,643,650
  • Market Cap: £17.96m

Clear Leisure sees further challenges as loss widens

By Sean Farrell

Date: Friday 28 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Clear Leisure said its path to value creation faced further obstacles as the investment company reported a much wider annual loss of almost €4m (£3.6m).
The AIM-listed company reported a pre-tax loss for the year to the end of December of £3.94m compared with a loss of £63m a year earlier. Revenue from continuing operations was €12m, up from €5m.

The bigger loss was caused by the reduced value of its Mediapolis business, whose land was sold at auction by administrators for €1.96m. The company also wrote down the amount it will recover from its Sosushi and Sipiem businesses. Along with legal expenses the provisions contributed to an increase in administrative costs to €3.9m from €329,000 a year earlier.

Clear Leisure shares fell 17.4% to 0.38p at 0904 BST.

Since 2015, a revamped board has sought to sort out the company's complex and sometimes disputed investments while reducing debt. In 2018, Clear Leisure invested in a cryptocurrency datamining centre that was hit by the plunging value of Bitcoin in early 2019. After putting the joint venture's operations on hold the company said the prospects for cryptocurrency mining had improved with Bitcoin's recent rise.

Francesco Gardin, Clear Leisure's chairman, said: "Much has been achieved since the appointment of the new board in July 2015, but other challenges still need to be overcome before we achieve our goal of realising meaningful value for the company's shareholders. We are confident that by continuing with our processes and strategies, this goal will be met."

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QBT Market Data

Currency UK Pounds
Share Price 1.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.85
52 Week Low 0.88
Volume 2,643,650
Shares Issued 997.55m
Market Cap £17.96m

QBT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.64% above the market average39.64% above the market average39.64% above the market average39.64% above the market average39.64% above the market average
30.58% above the sector average30.58% above the sector average30.58% above the sector average30.58% above the sector average30.58% above the sector average
Price Trend
48.41% above the market average48.41% above the market average48.41% above the market average48.41% above the market average48.41% above the market average
45.99% above the sector average45.99% above the sector average45.99% above the sector average45.99% above the sector average45.99% above the sector average
Income Not Available
Growth
27.32% above the market average27.32% above the market average27.32% above the market average27.32% above the market average27.32% above the market average
9.24% above the sector average9.24% above the sector average9.24% above the sector average9.24% above the sector average9.24% above the sector average

QBT Dividends

No dividends found

Trades for 19-May-2022

Time Volume / Share Price
16:28 80,653 @ 1.85p
16:18 10,000 @ 1.85p
16:16 10,520 @ 1.84p
15:56 250,000 @ 1.78p
15:52 50,000 @ 1.85p

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