Unaudited Interim Results for the six months ended 31 March 2021

30 April 2021

Introduction and Key highlights

The Board is pleased to announce the Group's unaudited results for the six month period ended 31 March 2021. The key highlights during the period were:


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  • Completion of £7m investment in Dev Clever Holdings Plc ("DEV")at 10p per share
  • Sale of option and warrant rights to subscribe to, in aggregate, up to 45 million ordinary shares in DEV by the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") to Sitius Limited, for £3.5m cash consideration
  • Gain on re-measurement of assets to fair value of £21,836,376
  • Profit for the period of £23,427,188 (21.67 pence per share)
  • Total assets of £38,066,221, up from £12,457,890 at September 2020
  • Further investments in SeeQuestor Limited by ICJL for a total equity investment of £500,000 during the six month period ended 31 March 2021
  • Further investment of £298,204 by way of loan note subscription in Magic Media Works Limited
  • Assignment and full settlement of the Sentiance N.V. loan to MESH Holdings plc
  • Exercise of warrants issued at an exercise price of 30 pence per new ordinary share provided net proceeds of circa £3m in cash to the Company

The Group is working hard in delivering on its strategy which is focusing on technology opportunities in the fields of big data, machine learning and the internet of things (IOT).  Further investments have been made in businesses the Group has supported and following the exercise of a significant number of warrants, the Group possesses a healthy cash balance with which to consider further deployment of capital and the assessment of new opportunities. 


For further details please see below:

Asimilar Group plc


John Taylor

via Buchanan


Cairn Financial Advisers LLP


Sandy Jamieson, Liam Murray

Tel: +44 20 7213 0880


Peterhouse Capital Limited Limited (Sole broker)


Duncan Vasey / Lucy Williams

Tel: +  44 20 7220 9797


Buchanan Communications Ltd

Tel: +44 20 7466 5000 or [email protected]

Richard Oldworth


Chris Lane