Quantum Blockchain Technologies (QBT)

Sector:

Financials

Index:

FTSE AIM All-Share

3.20p
   
  • Change Today:
      0.45p
  • 52 Week High: 3.85
  • 52 Week Low: 0.22
  • Currency: UK Pounds
  • Shares Issued: 915.05m
  • Volume: 57,568,139
  • Market Cap: £29.28m
  • Beta: 0.88

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."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

QBT Market Data

Currency UK Pounds
Share Price 3.20p
Change Today 0.45p
% Change 16.36 %
52 Week High 3.85
52 Week Low 0.22
Volume 57,568,139
Shares Issued 915.05m
Market Cap £29.28m
Beta 0.88

QBT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.95% above the market average26.95% above the market average26.95% above the market average26.95% above the market average26.95% above the market average
22.48% above the sector average22.48% above the sector average22.48% above the sector average22.48% above the sector average22.48% above the sector average
Price Trend
100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
37.78% above the market average37.78% above the market average37.78% above the market average37.78% above the market average37.78% above the market average
35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average

QBT Dividends

No dividends found

Trades for 03-Dec-2021

Time Volume / Share Price
16:22 500,000 @ 3.17p
16:19 485,889 @ 3.15p
16:19 523,315 @ 3.15p
16:12 653,104 @ 3.13p
16:04 547,446 @ 3.18p

QBT Key Personnel

Chair Francesco Gardin

Top of Page