FIH Group plc is a UK incorporated AIM listed international services group that owns essential services businesses in the Falkland Islands and the UK. The group owns two distinct and commercially separate businesses.

In the Falkland Islands the group owns “The Falkland Islands Company (FIC)”, which provides essential services to the people of the Falklands. Established in 1851 and granted a Royal Charter in 1852, FIC's activities include retailing, property, automotive, insurance, tourism, shipping and cruise ship agency services.

In London the group owns, “MOMART”, which provides market leading specialist international arts logistics and storage services.

Strategy

The Board’s stated strategy is to build a Group of greater scale, providing consistent earnings growth and cash generation that will provide shareholders with both predictable capital growth and regular dividend income. To do so, there are three strands to the strategy: build profits of the existing businesses, invest in developing the existing businesses and explore potential for strategic acquisitions.

Focus continues to be directed on addressing issues and building up profits within existing businesses as well as investing in them to allow them to develop further and to maximise opportunities that present themselves.

As stated at the half year, the Group continues to evaluate further opportunities to maximise shareholder value for all divisions. This includes reviewing available options for unlocking value within the Group, where the Board feel it is not adequately reflected in the share price. The evaluation of strategic options is ongoing but, in the meantime, strategic acquisitions are not currently a primary focus for the Board.