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(HUW.L) Hampden Underwriting PLC Buy/Sell

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Time: 13:02

Bid	90.00
Ask	105.00
Price	97.50
Previous	97.50
Change	+0 p (0.0000%)
Last Trade	97.50 (16:30:04)
Trading Vol.	0
Today's High	97.50
Today's Low	97.50

52 Wk Low	59.00
52 Wk Low	(31/03/2009)
52 Wk High	110.00
52 Wk High	(25/11/2009)
52 Wk Change	+27.50
52 Wk Change	(+39.29%)
4 Wk Volume	30,000
ISIN Number	GB00B23XLS45
Currency	GBX

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Recent News
Date/Time	Headline	Source
29-09-09	Hampden Underwriting - Half Yearly Report	RNS
RNS Number : 8054Z Hampden Underwriting Plc 29 September 2009 Hampden Underwriting PLC "Hampden Underwriting" or the "Company") Interim results for the six months ended 30 June 2009 Hampden Underwriting, which provides investors with a limited liability direct investment into the Lloyd's insurance market, announces its unaudited results for the six months ended 30 June 2009. Highlights GROUP'S ACQUISITION OF A THIRD LLOYD'S CORPORATE MEMBER DURING THE PERIOD PREMIUM WRITTEN DURING THE PERIOD TOTALLED &POUND;5.3M (AN INCREASE OF 92% OVER THE SAME PERIOD LAST YEAR) NET PROFIT OF &POUND;138,000 (AN INCREASE OF 28% OVER THE SAME PERIOD LAST YEAR) EARNINGS PER SHARE OF 1.86P (AN INCREASE OF 27% OVER THE SAME PERIOD LAST YEAR) NET ASSETS OF &POUND;7.2M Commenting upon these results the Chairman, Sir Michael Oliver, said: "I am delighted that for the 6 months to June 2009 we are reporting a profit of £138,000. This is largely due to the purchase of the two namecos which gave us exposure to the highly successful 2006 year of account. The prospects for the future appear extremely encouraging. The initial 2008 Account estimates (the first year of underwriting for our principal subsidiary) show an average profit on capacity of 6%, outperforming the Lloyds market estimate of 3%." For further information please contact: `Hampden Underwriting Jeremy Evans 020 7863 6567` `Smith & Williamson Corporate Finance Limited David Jones 020 7131 4000` `Barrie Newton` Chairman's Statement Despite a significant reduction in investment income due to lower interest rates, I am delighted that for the 6 months to June 2009 we are reporting a profit of £138,000. This is largely due to the purchase of the two Namecos which gave us exposure to the highly successful 2006 year of account. The prospects for the future appear extremely encouraging. The initial 2008 Account estimates (the first year of underwriting for our principal subsidiary) show an average profit on capacity of 6%, outperforming the Lloyd's market estimate of 3%. 2008 marked the third worst year on record for insured catastrophe losses; a result of that nature would represent an excellent performance, although it must be remembered that the year remains "on risk." Hampden Agencies, our Members' Agent, has advised that the global recession appears to have delayed the onset of a hard market in 2009 with weak economies reducing demand for Insurance. Nevertheless, they still feel a result of 5%-7.5% is achievable. Their target for 2010 is a result of 5%-10%. With the likelihood of continued lower investment returns; underwriting profits are necessary in order for insurance companies to make an acceptable return on equity. The investment case for investing in Lloyd's therefore remains intact. As I said in our last annual report, we are considering the possibilities of raising further capital from both existing and new investors to enable us to continue to look at all opportunities with a view to generating attractive returns for our shareholders. Sir Michael Oliver Chairman Condensed Group Income Statement Six months ended 30 June 2009 `6 months ended 6 months ended 12 months ended` `30 June 30 June 31 December` 2009 2008 2008 `Note £'000 £'000 £'000` `Gross premium written 5,344 2,788 5,245` `Reinsurance premium ceded (1,255) (562) (854)` `Net premiums written 4,089 2,226 4,391` `Change in unearned gross (1,554) (1,940) (1,982)` premium provision `Change in unearned reinsurance 649 395 218` premium provision `(905) (1,545) (1,764)` `Net earned premium 2 3,184 681 2,627` `Net investment income 4 140 195 358` `Other underwriting income 9 - (1)` `Other income 2 173 23 25` 322 218 382 `Revenue 3,506 899 3,009` `Gross claims paid (1,184) (120) (670)` `Reinsurance share of gross 176 17 108` claims paid `Claims paid, net of (1,008) (103) (562)` reinsurance `Change in provision for gross (1,013) (359) (1,740)` claims `Reinsurance share of change in 123 32 378` provision for gross claims `Net change in provision for (890) (327) (1,362)` claims `Net insurance claims and loss 2 (1,898) (430) (1,924)` adjustment expenses `Expenses incurred in insurance 2 (1,175) (165) (720)` activities `Other operating expenses 2 (307) (156) (450)` `Operating expenses (1,482) (321) (1,170)` `Operating profit/(loss) before 2 126 148 (85)` tax `Income tax credit/(expense) 5 12 (40) 37` `Profit/(loss) attributable to 9 138 108 (48)` equity shareholders Earnings per share attributable to equity shareholders `Basic and diluted 6 1.86p 1.46p (0.65)p` Condensed Group Balance Sheet At 30 June 2009 `30 June 30 June 31 December` 2009 2008 2008 `Note £'000 £'000 £'000` Assets `Intangible assets 1,241 1,052 920` `Financial investments 10,578 4,213 4,131` Reinsurance share of insurance liabilities Reinsurers' share of outstanding 1,726 416 678 claims Reinsurers' share of unearned premiums 775 184 266 `Other receivables, including insurance 4,915 1,278 2,557` receivables `Prepayments and accrued income 879 303 612` `Deferred income tax assets - - 16` `Cash and cash equivalents 2,656 4,037 3,931` `Total assets 22,770 11,483 13,111` Liabilities Insurance liabilities Claims outstanding 8,610 2,272 2,879 Unearned premiums 3,796 1,124 2,366 `Other payables, including insurance 2,651 798 803` payables `Accruals and deferred income 233 30 26` `Current income tax liabilities 5 72 -` `Deferred income tax liabilities 321 15 21` `Total liabilities 15,616 4,311 6,095` Shareholders' equity `Share capital 8 741 741 741` `Share premium 8 6,261 6,261 6,261` `Retained earnings 9 152 170 14` `Total shareholders' equity 7,154 7,172 7,016` `Total liabilities and shareholders' equity 22,770 11,483 13,111` `Condensed Group Cash Flow Statement` Six months ended 30 June 2009 `6 months ended 6 months ended 12 months ended` `30 June 30 June 31 December` `Cash flow from operating 2009 2008 2008` activities `£'000 £'000 £'000` `Results of operating 126 148 (85)` activities `Interest received (21) - (264)` `Investment income (119) - (49)` `Dividend received - - (18)` `Income tax paid (26) - 11` `Recognition of negative (173) (23) (25)` goodwill `Amortisation of intangible 104 4 150` assets `Change in fair value of 112` `investments recognised in the 38 17` income statement Changes in working capital: `Increase in other receivables (2,625) (1,469) (3,057)` `Increase in other payables 2,055 803 810` `Net increase in technical 5,605 2,796 4,301` provisions `Net cash inflow from operating 5,038 2,297 1,791` activities Cash flows from investing activities `Interest received 21 - 264` `Investment income 119 - 49` `Dividend received - - 18` `Purchase of intangible assets - - (17)` `Proceeds from disposal of 28 - 3` intangible assets `Purchase of financial (6,447) (1,727) (1,645)` investments `Acquisition of subsidiary, net (34) (85) (84)` of cash acquired `Net cash used in investing (6,313) (1,812) (1,412)` activities Cash flows from financing activities `Net proceeds from issue of - - -` ordinary share capital `Net cash used in financing - - -` activities `Net (decrease)/increase in (1,275) 485 379` cash, cash equivalents and bank overdrafts Cash, cash equivalents and `bank overdrafts at beginning 3,931 3,552 3,552` of period `Cash, cash equivalents and 2,656 4,037 3,931` bank overdrafts at end of period Condensed Group Statement of Changes in Shareholders' Equity Six months ended 30 June 2009 `Ordinary Share Preference share Share Premium Retained Earnings Total` `Capital capital` `£'000 £'000 £'000 £'000 £'000` `At 1 January 2008 741 - 6,261 62 7,064` `Loss for the year attributable - - - (48) (48)` to equity shareholders `At 31 December 2008 741 - 6,261 14 7,016` `At 1 January 2009 741 - 6,261 14 7,016` `Profit for the period - - - 138 138` attributable to equity shareholders `At 30 June 2009 741 - 6,261 152 7,154` `Notes to the Interim Financial Statements` Six months ended 30 June 2009 `1. Accounting policies` Basis of preparation The Interim Financial Statements have been prepared using accounting policies consistent with International Financial Reporting Standards (IFRSs) and in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. The Interim Financial Statements are prepared for the six months ended 30 June 2009. The Interim Financial Statements incorporate the results of Hampden Underwriting plc, Hampden Corporate Member Limited and Nameco (No.365) for the six months ended 30 June 2009 and the results of Nameco (No. 605) Limited from 16 February 2009 to 30 June 2009. The Interim Financial Statements are unaudited, but have been subject to review by the Group's auditors. The Interim Financial Statements have been prepared in accordance with the accounting policies adopted for the period ended 31 December 2008. The comparative figures are based upon the Group Financial Statements for the period ended 31 December 2008, and have been reported on by the Group's auditors and were delivered to the Registrar of Companies on 15 May 2009. The underwriting data on which these Interim Financial Statements are based upon has been supplied by the managing agents of those syndicates which the Group supports. The data supplied is the 100% figures for each syndicate. The Group has applied its share of the syndicate participations to the gross figures to derive its share of the syndicates transactions, assets and liabilities. Significant accounting policies The Interim Financial Statements have been prepared under the historical cost convention. The same accounting policies, presentation and methods of computation are followed in these Interim Financial Statements as were applied in the preparation of the Group Financial Statements for the period ended 31 December 2008. 2. Segmental information Primary segment information The Group has three primary segments which represent the primary way in which the Group is managed: SYNDICATE PARTICIPATION; INVESTMENT MANAGEMENT; OTHER CORPORATE ACTIVITIES. `Syndicate Investment Other corporate activities Total` `6 months ended 30 June 2009 participation management` `£'000 £'000 £'000 £'000` `Net earned premium 3,184 - - 3,184` `Net investment income 108 32 - 140` `Other underwriting income 9 - - 9` `Other income - - 173 173` `Net insurance claims and loss (1,898) - (1,898)` `adjustment expenses -` `Expenses incurred in insurance (1,175) - - (1,175)` `activities` `Amortisation of syndicate - - (76) (76)` `capacity` `Other operating expenses (6) - (225) (231)` `Results of operating 222 32 (128) 126` `activities` `Syndicate Investment Other corporate activities Total` `6 months ended 30 June 2008 participation management` `£'000 £'000 £'000 £'000` `Net earned premium 681 - - 681` `Net investment income 8 187 - 195` `Other income - - 23 23` `Net insurance claims and loss (430) - (430)` `adjustment expenses -` `Expenses incurred in insurance (165) - (165)` `activities -` `Other operating expenses - - (156) (156)` `Results of operating 94 187 (133) 148` `activities` `12 months ended 31 December Syndicate Investment Other corporate activities Total` `2008 participation management` `£'000 £'000 £'000 £'000` `Net earned premium 2,627 - - 2,627` `Net investment income 134 224 - 358` `Other underwriting income (1) - - (1)` `Other income - - 25 25` `Net insurance claims and loss (1,924) - (1,924)` `adjustment expenses -` `Expenses incurred in insurance (720) - (720)` `activities -` `Amortisation of syndicate - - (150) (150)` `capacity` `Other operating expenses - - (300) (300)` `Results of operating 116 224 (425) (85)` `activities` Secondary segment information The Group does not have any secondary segments as it considers all of its activities to arise from trading within the UK 3. Insurance liabilities and reinsurance balances Movement in claims outstanding `Gross Reinsurance Net` `£'000 £'000 £'000` `At 1 January 2009 2,879 678 2,201` `Increase in reserves arising from acquisition of 2,737 536 2,201` subsidiary undertakings `Movement of reserves 1,013 123 890` `Net exchange differences and changes in syndicate 1,981 389 1,592` participation `At 30 June 2009 8,610 1,726 6,884` Movement in unearned premium `Gross Reinsurance Net` `£'000 £'000 £'000` `At 1 January 2009 2,366 266 2,100` `Increase in reserves arising from acquisition of 774 86 688` subsidiary undertakings `Movement in premiums earned in the year 1,554 649 905` `Net exchange difference and changes in syndicate (898) (226) (672)` participation `At 30 June 2009 3,796 775 3,021` `4. Net investment income` `6 months ended 12 months ended` `6 months ended 30 June 31 December` `30 June` 2009 2008 2008 `£'000 £'000 £'000` `Investment income at fair 119 79 67` value through income statement `Realised gains on financial - 46 92` investments at fair value through income statement `Unrealised losses on financial - - (17)` investments at fair value through income statement `Investment management expenses - (48)` `Bank interest 21 70 264` `Net investment income 140 195 358` `5. Income tax expense` `6 months ended 12 months ended` `6 months ended 30 June 31 December` `30 June` 2009 2008 2008 `£'000 £'000 £'000` `Income tax credit/(expense) 12 (40) 37` The income tax (expense)/credit is recognised based on management's best estimate of the weighted average annual income tax rate expected for the full financial year. The estimated average annual tax rate used is 28% (2008: 30%). Material disallowed items have been adjusted for in the income tax calculation. `6. Earnings per share` Basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. The Group has no dilutive potential ordinary shares. Earnings per share have been calculated in accordance with IAS 33. Reconciliation of the earnings and weighted average number of shares used in the calculation is set out below. `6 months ended30 6 months ended30 June 12 months ended31 December` `June` 2009 2008 2008 `£000 £000 £000` `(Loss)/profit for the period 138 108 (48)` `Weighted average number of 7,413 7,413 7,413` shares in issue `Basic and diluted earnings per 1.86 1.46 (0.65)` share (p) `7. Dividends` No equity dividends were proposed, declared or paid in the period (2008 - £Nil). `8. Share capital and share premium` `Ordinary Preference Share Total` `Share Capital` `Capital` `Authorised £'000 £'000 £'000` `29,500,000 ordinary shares of 2,950 50 3,000` 10p each and 100,000 preference shares of 50p each at 1 January 2009 `29,500,000 ordinary shares of 2,950 50 3,000` 10p each and 100,000 preference shares of 50p each at 30 June 2009 `Allotted, called up and fully Ordinary Share Share Premium Total` `paid Capital £'000 £'000` `£'000` `7,413,376 ordinary shares of 741 6,261 7,002` 10p each and share premium at 1 January 2009 `7,413,376 ordinary shares of 741 6,261 7,002` 10p each and share premium at 30 June 2009 `9 Retained earnings` `30 June 30 June 31` `December` 2009 2008 2008* `£000 £000 £000` Group `At 1 January 2009 14 62 62` `Profit/(loss) attributable to equity 138 108 (48)` shareholders `At 30 June 2009 152 170 14` `10. Acquisition of Nameco (No. 605) Limited` On 16 February 2009 Hampden Underwriting plc acquired 100% of the issued share capital of £1 ordinary shares of Nameco (No. 605) Limited for £497,228. Nameco (No. 605) Limited is incorporated in England and Wales and is a corporate member of Lloyd's. The acquisition has been accounted for using the purchase method of accounting. After the alignment of accounting policies and other adjustments to the valuation of assets and liabilities to reflect their fair value at acquisition, the fair value of the net assets was £670,000. Negative goodwill of £173,000 arose on acquisition and has been immediately recognised as other income in the income statement. The following table explains the fair value adjustments made to the carrying values of the major categories of assets and liabilities at the date of acquisition. `Carrying value Adjustments Fair value` `£'000 £'000 £'000` `Intangible assets 17 433 450` `Financial investments 3,159 - 3,159` `Reinsurance share of insurance 955 - 955` `liabilities` `Other receivables, including 1,646 - 1,646` `insurance receivables` `Prepayments and accrued income 289 - 289` `Cash and cash equivalents 475 - 475` `Insurance liabilities (5,141) - (5,141)` `Other payables, including insurance (768) - (768)` `payables` `Accruals and deferred income (78) - (78)` `Deferred income tax liabilities (174) (143) (317)` `Net assets acquired 380 290 670` `Satisfied by:` `Cash and cash equivalents 497 - 497` `Positive/(negative) goodwill 117 - (173)` The profit of Nameco (No. 605) Limited for the period since the acquisition date to 30 June 2009 is £28,000. The group revenue and profit for the period would have been £3,814,000 and £149,000 respectively if the acquisition date of Nameco (No. 605) Limited had been 1 January 2009. 11. Related party transactions `The table set out below illustrates the Parent Company inter-company balances at the period end.` `31 December` `30 June 30 June` 2009 2008 2008* `Company £'000 £'000 £'000` Balances due from Group companies at the period end: `Hampden Corporate Member Limited 3,671 3,123 3,132` `Nameco (No. 365) Limited 125 120 125` `Nameco (No. 605) Limited 900 - -` `Total 4,696 3,243 3,257` Hampden Underwriting plc has provided an inter-company loan to Hampden Corporate Member Limited, a 100% subsidiary of the company. The amount outstanding as at 30 June 2009 is £3,671,000 (2008: £3,123,000). Interest is charged on the loan at base rate plus 0.125%. The loan is repayable on three months notice provided it does not jeopardise the ability of Hampden Corporate Member Limited to meet its liabilities as they fall due. Hampden Underwriting plc has provided an intercompany loan to Nameco (No.365) Limited, a 100% subsidiary of the Company. The amount outstanding as at 30 June 2009 is £125,000 (2008: £120,000). Interest is charged on the loan at base rate plus 0.125%. The loan is repayable on three months notice provided it does not jeopardise the ability of Nameco (No.365) Limited to meet its liabilities as they fall due. Hampden Underwriting plc has provided an intercompany loan to Nameco (No.605) Limited, a 100% subsidiary of the Company. The amount outstanding as at 30 June 2009 is £900,000 (2008: £nil). Interest is charged on the loan at base rate plus 0.125%. The loan is repayable on three months notice provided it does not jeopardise the ability of Nameco (No.605) Limited to meet its liabilities as they fall due. Hampden Underwriting plc and Hampden Corporate Member Limited, a 100% subsidiary of the company, have entered into a management agreement with Nomina plc. Jeremy Richard Holt Evans, a Director of Hampden Underwriting plc and Hampden Corporate Member Limited is also a Director of Nomina plc. Under the agreement, Nomina plc provides management and administration, financial tax and accounting services to the Group for an annual fee of £10,000 (2008: £2,625). No fees have been paid by the Group in the period. Hampden Corporate Member Limited, a 100% subsidiary of the company, has entered into a member's agent agreement with Hampden Agencies Limited. Jeremy Richard Holt Evans, a Director of Hampden Underwriting plc and Hampden Corporate Member Limited, and Sir James Michael Yorrick Oliver, a Director of Hampden Underwriting plc, are also a Directors of Hampden Capital plc which controls Hampden Agencies Limited. Under the agreement, Hampden Corporate Member Limited will pay Hampden Agencies Limited a fee based on a fixed amount, which will vary depending upon the number of syndicates the company underwrites on a bespoke basis, and a variable amount depending on the level of underwriting through the members' agent pooling arrangements. In addition, the Company will pay profit commission on a sliding scale from 1% of the net profit up to a maximum of 10%. The total fee payable for 2009 will be £15,204 (2008: £15,250). Nameco (No.365) Limited has entered into a management agreement with Nomina plc and a members agent agreement with Hampden Agencies Limited. Under the management agreement Nameco (No.365) Limited pays Nomina plc £2,625 (2008: £2,625) for management, administration, financial, tax and accounting services. Under the members agencies agreement Nameco (No.365) Limited will pay Hampden Agencies Limited a fee based on a fixed amount, which will vary depending upon the number of syndicates the company underwrites on a bespoke basis, and a variable amount depending on the level of underwriting through the members' agent pooling arrangements. In addition, the Company will pay profit commission on a sliding scale from 1% of the net profit up to a maximum of 10%. The total fee payable for 2009 will be £4,802 (2008: £5,093). Nameco (No.605) Limited has entered into a management agreement with Nomina Plc and a member's agency agreement with Hampden Agencies Limited. Under the management agreement Namco (No.605) Limited pays Nomina Plc £2,625 (2008: £2,625) for management, administration, financial, tax and accountancy services. Under the members' agency agreement Namco (No.605) Limited will pay Hampden Agencies Limited a fee based on a fixed amount, which will vary depending upon the number of syndicates the company underwrites on a bespoke basis, and a variable amount depending on the level of underwriting through the members' agent pooling arrangements. In addition, the Company will pay profit commission on a sliding scale from 1% of the net profit up to a maximum of 10%. The total fee payable for 2009 will be £4,190 (2008: £4,253). Hampden Underwriting plc has entered into a company secretarial agreement with Hampden Legal plc. Under the agreement, Hampden Legal plc provides company secretarial services to the Group for an annual fee of £38,000. During the period, company secretarial fees of £18,000 (2008: £18,000) were charged to Hampden Underwriting plc. Hampden Holdings Limited has a controlling interest in both Hampden Legal Plc and Hampden Capital Plc. 12. Syndicate participations The syndicates and members' agent pooling arrangements ("MAPA") in which the Company's subsidiaries participate as corporate members of Lloyd's as are follows: `Syndicate or Managing or Members' Agent 2007 2008 2009` MAPA Number `218 Equity Syndicates Management Limited 40,792 42,851 43,851` `318 Beaufort Underwriting Agency Limited 22,826 22,826 -` `510 RJ Kiln & Co. Limited 45,000 38,572 38,572` `557 RJ Kiln & Co. Limited 62,746 175,000 175,000` `609 Atrium Underwriters Limited 45,000 41,718 41,718` `623 Beazley Furlonge Limited 42,673 37,960 37,960` `958 Omega Underwriting Agency Limited 55,500 55,500 55,500` `1200 Heritage Managing Agency Limited 21,445 21,507 21,507` `2121 Argenta Syndicate Management Limited - 349,999 404,441` `2791 Managing Agency Partners Limited 49,409 63,953 62,953` `6103 Managing Agency Partners Limited 110,000 110,000 282,028` `6104 Hiscox Syndictes Limited - 200,000 200,000` `6106 Amlim Underwriting Limited - - 104,334` `7200 Members' Agents Pooling Arrangement 226,535 209,913 194,532` `7201 Members' Agents Pooling Arrangement 1,201,908 1,113,142 1,028,781` `7202 Members' Agents Pooling Arrangement 432,182 402,413 373,051` `7203 Members' Agents Pooling Arrangement 42,252 38,906 35,673` `7208 Members' Agents Pooling Arrangement - 5,000,000 4,416,400` `7217 Members' Agents Pooling Arrangement - - 59,320` `Total 2,398,268 7,924,260 7,575,621` `13. Group owned net assets` The Group balance sheet includes the following assets and liabilities held by the syndicates on which the Group participates. These assets are subject to trust deeds for the benefit of the relevant syndicates' insurance creditors. The table below shows the split of the Group balance sheet between group and syndicate assets and liabilities. `30 June 2009 30 June 2008 31 December 2008` `Group Syndicate Total Group Syndicate Total Group Syndicate Total` `£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000` Assets `Intangible assets 1,241 - 1,241 1,052 - 1,052 920 - 920` `Financial investments 3,983 6,595 10,578 2,337 1,876 4,213 2,258 1,873 4,131` Reinsurance share of insurance liabilities Reinsurers' share of - 1,726 1,726 `outstanding claims - 416 416 - 678 678` Reinsurers' share of - 775 775 `unearned premiums - 184 184 - 266 266` `Other receivables, including 118 4,797 4,915` `insurance receivables 77 1,201 1,278 82 2,475 2,557` `Prepayments and accrued income 46 833 879 33 270 303 41 571 612` `Deferred income tax assets - - - - - - - 16 16` `Cash and cash equivalents 1,801 855 2,656 3,750 287 4,037 3,773 158 3,931` `Total assets 7,189 15,581 22,770 7,249 4,234 11,483 7,074 6,037 13,111` Liabilities Insurance liabilities Claims outstanding - 8,610 8,610 - 2,272 2,272 - 2,879 2,879 Unearned premiums - 3,796 3,796 - 1,124 1,124 - 2,366 2,366 `Other payables, including 117 2,534 2,651 57 741 798 48 755 803` insurance payables `Accruals and deferred income 191 42 233 21 9 30 63 (37) 26` `Current income tax liabilities 5 - 5 72 - 72 - - -` `Deferred income tax 321 - 321 15 - 15 21 - 21` liabilities `Total liabilities 634 14,982 15,616 165 4,146 4,311 132 5,963 6,095` Shareholders' equity `Share capital 741 - 741 741 - 741 741 - 741` `Share premium 6,261 - 6,261 6,261 - 6,261 6,261 - 6,261` `Retained earnings (447) 599 152 82 88 170 (60) 74 14` `Total shareholders' equity 6,555 599 7,154 7,084 88 7,172 6,942 74 7,016` `Total liabilities and 7,189 15,581 22,770 7,249 4,234 11,483 7,074 6,037 13,111` shareholders' equity 14. Announcement A copy of this announcement will be available on the Company's website: www.hampdenplc.com This information is provided by RNS The company news service from the London Stock Exchange END IR PUUGUBUPBGRR More

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Date/Time	Subject	Author
23-12-09	Re: Re:	fabrav


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	a friend? welcome aboard. More \| View thread (3) \| Respond \| Login to Vote up
23-12-09	BUY Re:	Greyster


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	Yes I am holding and despite the huge spread I am at last now in profit. Will continue to hold and hopefully see some underwriting profits emerge to drive up the price. Greyster More \| View thread (3) \| Respond \| Login to Vote up
13-12-09	No Subject	fabrav


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	anyone out there at all????????????? More \| View thread (3) \| Respond \| Login to Vote up
25-02-08	new addition	fabrav


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	Anyone holding these? More \| View thread (1) \| Respond \| Login to Vote up

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