RNS Number:8608I
TripleArc PLC
13 September 2006
TRIPLEARC PLC
Interim results for the period ended 30 June 2006
TripleArc Plc ("TripleArc", the "Company" or the "Group") provides technology
enhanced print management solutions to businesses seeking to reduce costs and
streamline business processes. The Group is able to differentiate its offering
by providing its customers with industry leading technology solutions which
streamline the supply chain and facilitate sustainable cost savings.
SUMMARY Six months Six months
ended 30 June ended 30 June
2006 2005
(Restated*)
Continuing Total Total
operations
Turnover #21.85m #22.96m #30.07m
Gross profit #6.68m #7.41m #10.10m
EBITA** #1.02m #0.71m #0.69m
Adjusted earnings per share *** 0.21p 0.05p 0.02p
Basic loss per share (0.41)p (0.95)p (1.19)p
Cash inflow from operating activities #2.5m #0.4m
* The restatement relates to the first time adoption of FRS20 (see note 1)
**EBITA - Earnings before interest, tax, amortisation, exceptional costs, share
option expense and loss on disposal of subsidiary undertaking.
*** Based on EBITA before deferred financing amortisation.
HIGHLIGHTS
* Account development strategy paying off with growth realised in targeted
accounts
* Contracted revenue now accounts for more than 50% of turnover
* Six new contracts signed so far in 2006
* Disposal of high revenue but low profit Stream business in March 2006
* 2006 revenue impacted by 2005 retail and business forms decline
* 17% increase in continuing EBITA
* Positive cash flow allowing for further debt repayments during the period
Jason Cromack, CEO commented: "2006 has started well for the Group. Our strategy
of focusing on new contracts and account development of existing customers is
beginning to pay off. We have signed six new contracts, including the recently
announced AOL contract, so far in 2006 and have seen growth from our targeted
accounts. This has helped mitigate the ongoing decline in demand from the retail
and business forms markets and, coupled with a restructured cost base, has led
to an increase in EBITA from continuing operations.
"We will continue to focus on these core strategies in order to position the
Group for future revenue and profit growth."
For further information please contact:
TripleArc Plc 0117 933 1006
Jason Cromack, Chief Executive Officer
Richard Hodgson, Chief Financial Officer
Weber Shandwick Square Mile 020 7067 0700
Terry Garrett/ Nick Dibden
The Board announces the Group's results for the six months ended 30 June 2006.
Results Overview
Following an extremely challenging year in 2005, significant progress has been
made during 2006 in positioning the Group for future growth in both revenues and
profitability. Particularly pleasing were the improvements in the overall gross
profit margin, demonstrating the success of the Board's strategy of providing
additional margin enhancing services to the Group's customers, and the 17%
growth in EBITA from continuing operations.
Additional improvements in working capital management, including a reduction in
debtor days to 50, allowed a further #1m of loan repayments to be made. Net debt
at 30 June 2006 was #15m down from #17.7m at 30 June 2005.
Whilst the decline in demand from the retail and business forms markets
experienced in 2005 has had a knock on effect on turnover in 2006, the contract
wins announced during 2004 and the growth experienced within these new accounts
mitigated the revenue decline to an extent. Although the impact from this
decline will be felt throughout 2006, the Board believes that further revenue
loss will be reduced to normal levels of customer churn.
The business model has been radically shifted and the Group is now focused upon
sustainable core revenue from which it will look to grow. Reflecting this, the
Group's contracted revenues during the first six months of 2006 increased by 9%
on the same period in 2005 and now accounts for more than 50% of revenue (2005:
40%). The strategy of concentrating on account development and an enhanced,
extended product offering has also resulted in a substantial increase in revenue
from the Group's top 30 targeted customers.
So far in 2006 the Group has won six new long term contracts, with organisations
including Greenwich Leisure Limited, MS Society and General Teaching Council for
England, each with annualised revenues of between #0.5m to #1m. After the period
end, on 1 September 2006 the Group announced that it had been chosen to be AOL
(UK) Ltd's print management provider in a multimillion pound deal. The full
impact of these contracts is likely to be felt in future periods following full
implementation. The Board is pleased that the Group is again winning significant
new contracts and believes it is as a result of TripleArc's focus on providing a
fully outsourced solution.
The actions taken to restructure the Group during 2005 and 2006, including the
substantial investment in infrastructure made to improve the Group's ability to
manage large contracts, have improved its operational gearing and provided a
solid foundation for future growth.
The part disposal of Stream in March 2006 has led to a #701k loss on disposal.
This loss is a result of having written off all of the consolidated goodwill of
Stream amounting to #1.5m. At the date of disposal, Stream had #970k of net
liabilities.
Operational Overview
The Group's strategy is to provide its customers with innovative print
management and business communication solutions, which remove considerable cost
from within their organisations. Our experienced staff are able to use our
service offering and technology to provide our customers with tailored solutions
which re-engineer and manage the way they communicate their corporate messages.
In this environment a corporate message is anything from a brochure to direct
mail, point of sale, emails, report and accounts, or even an invoice.
The Group has provided these services via a number of operating companies which
have recently been subject to a strategic review. The objective of the review
was simple - to find the best way to ensure that moving forward we present a
well defined, consistent message about the values of our business and the
services we offer.
The outcome of this review is that we have now made a decision to focus
attention on the brand of our core business unit, AccessPlus.
In order to support our strategy we have developed a new positioning statement
which more clearly reflects what we as a business actually do. This is -
AccessPlus: 'Innovators in Print Management and Business Communications'
We have redefined all of our business services and products under 5 core areas;
Print Management, Data Solutions, Document Management, Logistics and Campaign
Delivery. This makes it easier to communicate our service offering to customers
allowing us to tender for new contracts more successfully and to cross sell more
effectively leading to enhanced account development.
The redefining of the Company's services supports the Group's strategy of
winning new long term contracts to drive organic growth and to develop its
existing customers by providing additional added value services to those it was
first contracted to provide. This not only delivers revenue growth, but
strengthens the partnership we have with our customers as we are able to provide
them with other services that can deliver further cost savings.
As announced on 1 September 2006 AccessPlus had been awarded a three year
multi-million pound print management contract with AOL (UK) Ltd. This contract
was awarded to AccessPlus because of its ability to offer a full end-to-end
business and marketing support solution from the management of AOL's print,
right through to the Group's logistics, fulfilment and data and response
management facilities. This contract win is a major endorsement of the Group's
strategy of being able to provide additional value-added services from its range
of Group owned services.
New marketing collateral to support this initiative is now available and can be
downloaded from our website, www.triplearcplc.com.
Whilst the operating focus will be via AccessPlus, TripleArc Plc will remain the
name of the holding Company.
Staff
The Group can differentiate itself because of its staff and the skills that they
can provide to its customers, and they are the resource that underpins the
Group's strategy. The Board would like to take this opportunity to thank them
for their continued hard work and effort.
Current Trading & Outlook
The Board is pleased with the progress the Company has made in the year to date
and is seeing positive signs from its key strategies.
The Group is once again winning long term contracts, as demonstrated by the six
contract wins so far this year. Following their full implementation, the Group
will look to develop these accounts in future periods.
Account development is proving successful in extending the range of services to
our customers. It is also mitigating some of the impact of prior period losses
and the revenue base is becoming more secure and sustainable.
Whilst maintaining its focus on ensuring that the cost base is right for the
business, the board will continue to review whether further investment is
required in sales, marketing and account management to support growth.
The current trading of the Group is in line with expectations.
Richard Atkins
Chairman
TRIPLEARC PLC
13 September 2006
Consolidated profit and loss account
Note Six months Six months Year ended
Ended Ended 31 December
30 June 30 June 2005 2005
2006 (Restated) (Restated)
#'000 #'000 #'000
Turnover
Continuing operations 2 21,847 25,463 49,738
Discontinued operations 2 1,115 4,603 7,794
------- ------- -------
22,962 30,066 57,532
Cost of sales (15,551) (19,967) (42,745)
------- ------- -------
Gross profit 7,411 10,099 14,787
Administrative expenses:
Excluding exceptional items and
amortisation of intangible assets (6,706) (9,406) (13,017)
Exceptional items (397) (612) (1,703)
Share option expense - (78) (149)
Amortisation of intangible assets (913) (1,766) (2,170)
------- ------- -------
Total administrative expenses (8,016) (11,862) (17,039)
------- ------- -------
Operating loss:
-----------------------------------------------------------------------------------------------
Continuing operations excluding
exceptional costs, share option
expense and amortisation of
intangible assets 1,015 869 2,079
Exceptional costs 3 (317) (278) (946)
Share option expense - (78) (149)
Amortisation of intangible assets (896) (1,741) (2,211)
------- ------- -------
Total operating loss - continuing operations 2 (198) (1,228) (1,227)
-----------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------
Discontinued operations excluding
exceptional costs and amortisation of
intangible assets (310) (176) (309)
Exceptional costs 3 (80) (334) (757)
Amortisation of intangible assets (17) (25) 41
------- ------- -------
Total operating loss - discontinued operations 2 (407) (535) (1,025)
-----------------------------------------------------------------------------------------------
Operating loss (605) (1,763) (2,252)
Loss on disposal of subsidiary undertaking 3 (701) - -
Net interest payable (667) (697) (1,471)
------- ------- -------
Loss on ordinary activities before taxation (1,973) (2,460) (3,723)
Tax on loss on ordinary activities - - 80
------- ------- -------
Loss for the financial period (1,973) (2,460) (3,643)
======= ======= =======
Loss per ordinary share - basic and diluted
(pence) 7 (0.95p) (1.19p) (1.76p)
Consolidated statement of total recognised gains and losses
Six months Six months Year ended 31
ended 30 ended 30 December
June 2006 June 2005 2005
(Restated) (Restated)
#'000 #'000 #'000
Loss attributed to shareholders (1,973) (2,460) (3,643)
Prior year adjustment made at 31 December 2005 - - (845)
Prior year adjustment for FRS20 (note 1) 181 - -
------ ------ ------
Total losses recognised since last Annual Report (1,792) (2,460) (4,488)
====== ====== ======
Reconciliation of movements in shareholders' funds
Six months Six months Year ended 31
ended 30 ended 30 December
June 2006 June 2005 2005
(Restated) (Restated)
#'000 #'000 #'000
Opening equity shareholders' funds 21,262 25,296 25,296
Prior year adjustment - (845) (845)
------ ------ ------
As restated 21,262 24,451 24,451
Issued share capital including premium, net of
expenses - 305 305
Total recognised loss for the financial period (1,973) (2,460) (3,643)
Share option expense - 78 149
------ ------ ------
Closing equity shareholders' funds 19,289 22,374 21,262
====== ====== ======
The 2005 prior year adjustment of #845,000 is stated net of tax and reflects
adjustments made within the 2005 Annual Report to restate certain 31 December
2004 balances. The adjustments mainly relate to the correction of cut off errors
and goodwill amortisation.
Consolidated balance sheet
Note At At At 31
30 June 30 June December
2006 2005 2005
(Restated) (Restated)
#'000 #'000 #'000
Fixed assets
Intangible assets 33,498 41,960 34,974
Tangible assets 1,800 2,514 2,206
------- ------- -------
35,298 44,474 37,180
------- ------- -------
Current assets
Stocks 1,293 1,087 1,281
Debtors 4 9,156 13,235 11,450
Cash at bank and in hand 231 52 994
------- ------- -------
10,680 14,374 13,725
Creditors: amount falling due within
one year 5 (13,513) (14,053) (15,633)
------- ------- -------
Net current (liabilities)/assets (2,833) 321 (1,908)
------- ------- -------
Total assets less current liabilities 32,465 44,795 35,272
Creditors: amounts falling due after
more than one year 6 (13,176) (22,421) (14,010)
------- ------- -------
Net assets 19,289 22,374 21,262
======= ======= =======
Capital and reserves
Called up share capital 10,353 10,353 10,353
Share premium account 20,175 20,175 20,175
Share option reserve 849 778 849
Merger reserve (621) (621) (621)
Group interest in shares of TripleArc Plc (150) (150) (150)
Profit and loss account (11,317) (8,161) (9,344)
------- ------- -------
Equity shareholders' funds 19,289 22,374 21,262
======= ======= =======
Consolidated cash flow statement
Note Six months Six months Year ended 31
ended 30 ended 30 December
June 2006 June 2005 2005
(Restated) (Restated)
#'000 #'000 #'000
Net cash inflow from operating
activities 8 2,532 402 2,742
------- ------- -------
Returns on investments and servicing of
finance:
Net interest paid (601) (642) (1,299)
------- ------- -------
Net cash outflow from returns on
investments and servicing of finance (601) (642) (1,299)
------- ------- -------
Taxation:
UK corporation tax paid - - (17)
------- ------- -------
Capital expenditure and financial
investment:
Purchase of tangible fixed assets (424) (333) (511)
Receipts from sales of tangible fixed
assets - 38 58
Cash paid in connection with disposal
of subsidiary undertaking 3 (451) - -
Bank overdraft sold with subsidiary
undertaking 873 - -
------- ------- -------
Net cash outflow from capital
expenditure and financial investment (2) (295) (453)
------- ------- -------
Net cash inflow/(outflow) before
financing 1,929 (535) 973
------- ------- -------
Financing:
Proceeds from issue of share capital - 305 305
Repayment of deferred consideration (535) (32) (33)
Long term loans repaid (1,000) (500) (1,251)
(Payment) / inception of finance
leases (26) - 26
------- ------- -------
Net cash outflow from financing (1,561) (227) (953)
------- ------- -------
Increase/(decrease) in cash 9 368 (762) 20
======= ======= =======
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
This interim report was approved by the Board on 12 September 2006. The
financial information in this interim report does not constitute statutory
accounts within the meaning of Section 240 of the Companies Act 1985. With the
exception of the adoption of FRS20 ("Share based payments"), it has been
prepared using accounting policies that are consistent with those adopted in the
statutory accounts for the year ended 31 December 2005.
The figures for the year to 31 December 2005 were derived from the statutory
accounts for that year. The statutory accounts for the year ended 31 December
2005 have been delivered to the Registrar of Companies and received an audit
report which was unqualified and did not contain statements under s237(2) or (3)
of the Companies Act 1985.
During the period, the Group has adopted FRS20. Share based arrangements put in
place since 7 November 2002 have been valued at the date of grant or award and
charged to the operating result over the performance or vesting of the scheme.
Options have been valued using the Black Scholes pricing model.
This first time adoption of FRS20 has resulted in a prior year adjustment to
operating profit of #78,000 for the period ended 30 June 2005 and of #149,000
for the year ended 31 December 2005. The share option expense has been credited
to the share option reserve and consequently the adoption of FRS20 has not
impacted upon net assets. Previous entries against the share option reserve have
been reversed as part of the prior year adjustment through reserves.
2. SEGMENTAL ANALYSIS
Turnover Operating profit/(loss)
Six months Year Six months Year
ended ended 31 ended ended 31
30 June December 30 June December
2006 2005 2005 2006 2005 2005
(Re-stated) (Re-stated)
#'000 #'000 #'000 #'000 #'000 #'000
Continuing operations
Excluding exceptional costs 21,847 25,463 49,738 119 (950) (281)
Exceptional costs - - - (317) (278) (946)
------- ------- ------- ----- ------ -------
Total 21,847 25,463 49,738 (198) (1,228) (1,227)
======= ======= ======= ===== ====== =======
Discontinued operations
Excluding exceptional costs 1,115 4,603 7,794 (327) (201) (268)
Exceptional costs - - - (80) (334) (757)
------- ------- ------- ----- ------ -------
1,115 4,603 7,794 (407) (535) (1,025)
======= ======= ======= ===== ====== =======
The activities of the Group are all now considered to be the provision of
technology-enhanced print management solutions to businesses.
Predominantly all of the Group's turnover and operating loss originates within
the UK and the vast majority of the Group's net assets are located within the
UK.
3. EXCEPTIONAL COSTS
The following costs were derived from events that fall within the ordinary
activities of the Group and have been classified as operating exceptional items
by virtue of their size or incidence:
Six months Six months Year
ended 30 June ended 30 June ended 31
2006 2005 December 2005
#'000 #'000 #'000
Recruitment, reorganisation
and integration costs (397) (612) (1,703)
========== ========== ==========
Costs relate mainly to the reorganisation of the Group following the acquisition
of the Stream Group in December 2004, its subsequent integration and preparation
for disposal.
In addition to the above, on 31 March 2006 the Group sold 100% of the issued
share capital of Stream GWC Limited for a consideration of #1. Costs associated
with the disposal were #196,000 and at the date of disposal, Stream GWC Limited
had net liabilities of #969,000. Goodwill of #1,474,000 was written off upon
disposal thereby generating a loss on disposal of #701,000. Co-terminus with
this transaction, the Group acquired certain assets and liabilities from the
disposed business for a cash consideration of #255,000.
4. DEBTORS:
As at As at As at 31
30 June 30 June December
2006 2005 2005
#'000 #'000 #'000
Trade debtors 8,638 11,679 10,923
Prepayments 312 514 350
Other debtors 126 1,042 97
Deferred tax 80 - 80
__________ __________ __________
9,156 13,235 11,450
========== ========== ==========
5. CREDITORS: amounts falling due within one year
As at As at As at 31
30 June 30 June December
2006 2005 2005
#'000 #'000 #'000
Bank loans 1,881 1,750 1,881
Bank overdrafts 296 1,267 1,427
Finance leases - - 5
Trade creditors 9,645 8,345 9,873
Taxes and social security 442 787 808
Corporation tax 156 421 105
Accruals 1,089 1,329 871
Government grants 4 4 4
Other creditors - 75 124
Deferred consideration due on
acquisitions - 75 535
__________ __________ __________
13,513 14,053 15,633
========== ========== ==========
6. CREDITORS: amounts falling due after more than one year
As at As at As at 31
30 June 30 June December
2006 2005 2005
#'000 #'000 #'000
Deferred consideration on acquisition - 6,956 -
Deferred income - government grants 13 15 13
Bank loans 13,043 15,450 13,976
Finance leases - - 21
Other creditors 120 - -
__________ __________ __________
13,176 22,421 14,010
========== ========== ==========
7. EARNINGS PER SHARE
a) Basic earnings/(loss) per share Six months Six months Year
ended 30 ended 30 ended 31
June June December
2006 2005 2005
(Restated) (Restated)
Loss attributable to ordinary
shareholders (#'000) (1,973) (2,460) (3,643)
Loss attributable to shareholders
from continuing operations (#'000) (842) (1,883) (2,548)
Loss attributable to shareholders
from discontinued operations (#'000) (1,131) (577) (1,095)
__________ __________ __________
Basic weighted average number of shares 207,062,165 207,191,420 206,588,489
__________ __________ __________
Basic loss per share (pence) (0.95)p (1.19)p (1.76)p
Continuing operations (0.41)p (0.91)p (1.23)p
Discontinued operations (0.54)p (0.28)p (0.53)p
In 2005 and 2006 the diluted EPS is considered to be the same as the basic EPS
as any shares to be issued under the option arrangements will be anti dilutive
due to the loss in both years.
b) Adjusted earnings/(loss) per share Six months Six months Year ended
ended 30 June ended 30 June 31 December
2006 2005 2005
Profit attributable to ordinary
shareholders (#'000) 104 51 285
Profit attributable to shareholders from
continuing operations (#'000) 437 269 781
Loss attributable to shareholders from
discontinued operations (#'000) (333) (218) (496)
__________ __________ __________
Basic weighted average number of shares 207,062,165 207,191,420 206,588,489
__________ __________ __________
Basic adjusted earnings per share (pence) 0.05p 0.02p 0.14p
Continuing operations 0.21p 0.13p 0.38p
Discontinued operations (0.16)p (0.11)p (0.24)p
7. EARNINGS PER SHARE
b) Adjusted earnings/loss) per share (continued)
Profit/loss attributable to ordinary shareholders for the 6 months ended 30 June
2006 in b) above is shown before charging against profit : #0.4m (six months to
30 June 2005: #0.6m; full year 2005: #1.7m) in respect of exceptional
recruitment and integration costs, #nil (six months to 30 June 2005 #0.1m; full
year #0.1m) in respect of share option expenses, #1.0m (six months to 30 June
2005: #1.8m; full year 2005: #2.3m) in respect of goodwill and deferred
financing amortisation, and #0.7m (six months to 30 June 2005: #nil; full year
2005: #nil) in respect of the loss on the disposal of subsidiary undertakings
and expenses associated with the disposal.
8. RECONCILIATION OF OPERATING LOSS TO NET CASH INFLOW FROM OPERATING
ACTIVITIES
Six months ended 30 Year ended
June 31 December
2006 2005 2005
(Re- (Re-
stated) stated)
#'000 #'000 #'000
Operating loss (605) (1,763) (2,252)
Depreciation 231 284 508
Loss / (Profit) on disposal of tangible
fixed assets - 17 (25)
Amortisation of intangible assets 913 1,766 2,170
(Increase)/decrease in stocks (109) 51 (141)
Decrease in debtors 1,193 2,851 4,097
(Decrease)/increase in creditors 909 (2,882) (1,764)
Share option expense - 78 149
__________ __________ __________
Net cash inflow from operating
activities 2,532 402 2,742
========== ========== ==========
9. ANALYSIS OF CHANGES IN NET DEBT
At 1 Jan Cash flow Non- cash Finance At 30 June
2006 items leases 2006
#'000 #'000 #'000 #'000 #'000
Cash at bank 994 (763) - - 231
Bank overdrafts (1,427) 1,131 - - (296)
________ ________ ________ ________ ________
Cash (433) 368 - - (65)
________ ________ ________ ________ ________
Loans repayable in less than one year (1,881) - - - (1,881)
Loans repayable in more than one year (13,976) 1,000 (67) - (13,043)
Finance leases (26) - - 26 -
________ ________ ________ ________ ________
Borrowings (15,883) 1,000 (67) 26 (14,924)
________ ________ ________ ________ ________
Net Debt (16,316) 1,368 (67) 26 (14,989)
________ ________ ________ ________ ________
The non-cash items relate to the amortisation of FRS 4 finance costs.
10. RECONCILIATION OF NET CASH FLOW TO MOVEMENTS IN NET DEBT
Six months Six months Year ended 31
ended 30 June ended 30 June December
2006 2005 2005
#'000 #'000 #'000
Increase/(decrease) in cash in the
year 368 (762) 20
Repayment of net debt 1,026 500 1,258
Deferred financing costs (67) - (172)
__________ __________ __________
Movement in net debt in the year 1,327 (262) 1,106
Opening net debt (16,316) (18,153) (17,422)
__________ __________ __________
Closing net debt (14,989) (18,415) (16,316)
========== ========== ==========
11. Copies of this statement will be available on line at www.triplearc.com or
from the company's registered office: Access House, The Promenade, Clifton Down,
Bristol, Avon, BS8 3AQ.
Independent review report to TripleArc Plc
Introduction
We have been instructed by the company to review the financial information set
out on pages 6 to 17. We have read the other information contained in the
interim report and considered whether it contains any apparent misstatements or
material inconsistencies with the financial information. This report is made
solely to the company having regard to guidance contained in Bulletin 1999/4
'Review of interim financial information' issued by the Auditing Practices
Board. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the company, for our work, for this report,
or for the conclusions we have formed.
Directors' responsibilities
The interim report, including the financial information contained therein, is
the responsibility of, and has been approved by, the directors. The directors
are responsible for preparing the interim report in accordance with the AIM
Rules. The directors are also responsible for ensuring that the accounting
policies and presentation applied to the interim figures are consistent with
those applied in preparing the preceding annual accounts except where any
changes, and the reasons for them, are disclosed.
Review work performed
We conducted our review having regard to guidance contained in Bulletin 1999/4
issued by the Auditing Practices Board for use in the United Kingdom. A review
consists principally of making enquiries of group management and applying
analytical procedures to the financial information and underlying financial data
and, based thereon, assessing whether the accounting policies and presentation
have been consistently applied, unless otherwise disclosed. A review excludes
audit procedures such as tests of controls and verification of assets,
liabilities and transactions. It is substantially less in scope than an audit
performed in accordance with International Standards on Auditing (UK and
Ireland) and therefore provides a lower level of assurance than an audit.
Accordingly we do not express an audit opinion on the financial information.
Review conclusion
On the basis of our review we are not aware of any material modifications that
should be made to the financial information as presented for the six months
ended 30 June 2006.
RSM Robson Rhodes LLP
Chartered Accountants
Birmingham, England
13 September 2006
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR ILFVDAEIFLIR
Triplearc (LSE:TPA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Triplearc (LSE:TPA)
Historical Stock Chart
From Jul 2023 to Jul 2024
