logo-loader

Breakfast News - AIM Breakfast : Anglo African Oil & Gas Plc, Atlantis Resources Ltd, Ascent Resources Plc, Faron Pharmaceuticals Oy, Nakama Group plc, Providence Resources PLC, Science in Sport, VinaCapital Vietnam Opportunity Fund Limited, YOUGOV

Published: 07:15 04 Aug 2017 EDT

no_picture_pai

What’s cooking in the IPO kitchen?

AIM

Wilmcote Holdings plc—Sch1 from the Company established with the objective of creating value for its investors through the acquisition and subsequent development of target businesses in the downstream and specialty chemicals sector. Offer raising £15m at 120p with market cap of £25m. Expected 17 August 2017

Andes Energia PLC—Sch1 on admission the Company will change its name to Phoenix Global Resources plc will be an Argentinian independent oil & gas exploration and production company, offer TBC but market cap to be £844m and admission date 10 August 2017

Verditek PLC—Sch1 update from  holding company in the clean technology sector with subsidiaries operating within what it considers are emergent and fast growing sectors (industrial treatment of solids, air purification, water de-odourisation, zero emission, low cost energy), offer raising £2.75m at 9p with market cap of £16.9m. Admission 10 August 2017

Strix Group PLC—Sch1 from the Company involved with  the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration. Offer raising £190m at 100p with market cap of £190m admission date 8 August 2017.

Xpediator Plc—Sch 1 from the holding Company for an integrated freight management business operating in the supply chain logistics and fulfilment sector across the UK and Europe with a strong presence in Central and Eastern Europe. Offer details TBC, expected Admission early August 2017.

Altus Strategies—African focused natural resource Company. Offer raising £1.1m at 10p with market cap of £10.7m. Expected 10 August 2017

Main Market Premium Listing

Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017.  The Company may bring forward this closing date at any time. Admission 15 September 2017

 
 
Lunch buffet

YouGov PLC (LON:YOU) 280p £273.17m

The international market research and data analytics group, provided a pre-close trading statement for the full year ended 31 July 2017. The Group's trading for the year ended 31 July 2017 is now expected to be ahead of the Board's previous expectations. YouGov has achieved another year of revenue growth well ahead of the global market research sector and maintained the performance trends reported in the first half of the current financial year. In line with their strategy, revenue from Data Products and Services has continued to grow strongly across a number of regions and our Custom Research business has significantly improved its profitability.

Science in Sport (LON:SIS) 91p £40.82m

The sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts, announced it has recently signed several exclusive Sports Nutrition supplier agreements with leading British football clubs. SiS has signed exclusive deals with both Celtic FC and Aston Villa FC to be their Official Sports Nutrition supplier. Both clubs will work directly with SiS and its team of sports nutrition experts to create bespoke nutritional strategies to fuel their elite squads.  "We are delighted to have signed these agreements and expanded our reach across the top-flight football clubs in the UK. We are now official nutrition partner to close to 50 professional clubs…”

Faron Pharma (LON:FARN) 700p £194.1m

The clinical stage biopharmaceutical company, provided an update on the INTEREST Phase III study treating patients with moderate to severe Acute Respiratory Distress Syndrome (ARDS) with its lead product Traumakine, following a meeting of the trial's Independent Data Monitoring Committee (IDMC). At this fifth and advanced meeting, the IDMC has recommended that the trial should continue as planned with no changes, consistent with the previous four IDMC recommendations. Faron anticipates that recruitment of the targeted 300 patients will complete during the fourth quarter of 2017. "We are very pleased to receive the IDMC's recommendation that the INTEREST study should continue as planned. The trial is now moving into its final stages and we look forward to closing recruitment during the fourth quarter of 2017…”

Ascent Resources (LON:AST) 2.5p £44.8m

The European focused oil & gas exploration and production company, provided an update on progress with its Petišovci project in Slovenia. Infrastructure to produce to INA, the installation of the necessary infrastructure to accommodate export production has now been completed. The operational certificate has been received for the pipeline from the CPP to the export line. The service company which has been contracted to complete the operations at well Pg-11A arrived on-site on 1 August after procuring the required tooling, we have made good progress over the past few days and will provide a further update in due course. "We are pleased that the infrastructure to produce is now ready and that the recertification on the Croatian side of the border is moving towards a positive conclusion."

Providence Resources (LON:PVR) 9.62p £94.88m

Providence Resources, the Irish based Oil and Gas Exploration Company provided an operational update regarding Frontier Exploration Licence (FEL) 2/14 located in the southern Porcupine Basin.  FEL 2/14 is operated by Providence Resources (56%) on behalf of its partners Capricorn Ireland Limited (30%) and Sosina Exploration Limited (14%). The 53/6-1 (pre-drill designation 53/6-A) well, which spudded on July 11, 2017, is located in c. 2,233 metres of water and c. 220 kilometres off the south-west coast of Ireland.  The well, which is being drilled by the Stena IceMAX drill ship, penetrated the Paleocene Druid prospect within the pre-drill depth prognosis having been safely drilled to section target depth.

Atlantis Resources (LON:ARL) 38p £44.44m

The Company focused in the marine power sector, announced that Simon Counsell will stand down as CFO and his last day with the Company will be the 31 August 2017. The Company also announced that Andrew Dagley, current Head of Corporate Finance, will be appointed as CFO. Andrew has been with Atlantis since prior to the IPO in 2014 and has spent considerable time working closely with both Simon and his predecessor, Duncan Black. Andrew joined Atlantis from IFM Investors, one of the largest infrastructure investors in the world with approximately A$90 billion in funds under management.

Anglo African Oil & Gas (LON:AAOG) 22.5p £11.56m

The independent oil and gas developer, announced that "Secondary Completion" of the acquisition of Petro Kouilou has now taken place and Anglo is the legal and beneficial owner of 100% of the issued share capital of Petro.  Petro Kouilou is the operator and holder of a 56% interest in the producing Tilapia oilfield, located in the Republic of the Congo, alongside Société Nationale des Pétroles du Congo (44%). The Company announced previously the "Initial Completion" of a 49% interest in the issued share capital of Petro for a cash consideration of $2.5m from Sister Holdings. Accordingly, Sister has now exercised Warrants issued to it on Initial Completion.

Nakama (LON:NAK) 1.75p £2.12m

The recruitment consultancy working across the UK, Europe, Asia, USA and Australia providing staff for the Web, Interactive, Digital Media sectors, IT and Business Change announced preliminary results for FY 31 March 2017. Group revs increased by 7% to £22.5m, net fee income improved­ by 8% to £6.19m and net fee income percenta­ge increased to 27.5% (2016: 27.3%). Revenue across the APAC re­gion increased by 27% to £8.
82m (2016: £6.92m) and loss for the year of £270,000 (2016: breakeven).

VinaCapital Vietnam (LON:VOF) 302p £607.99m

VinaCapital Vietnam Opportunity Fund, the flagship fund of VinaCapital, announced that it has become a significant investor in Tasco JSC (HNX: HUT), a leading toll road operator and real estate development company in northern Vietnam, via a private placement. “The private placement gave us the opportunity to acquire a meaningful stake at an attractive price in a company that has a long track record of results and a strong pipeline. This investment is consistent with our philosophy of investing in companies that are focused on the growth of the local economy, and infrastructure improvement is a critical element in Vietnam’s ongoing development.”

Poseidon Nickel signs binding agreement with Mineral Resources to divest...

Departing Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) CEO Craig Jones and incoming CEO Brendan Shalders join Proactive’s Jonathan Jackson to discuss the divestment of Lake Johnston to Mineral Resources Ltd (ASX:MIN). Jones, who has played a pivotal role in this strategic move, shared insights on...

3 hours, 5 minutes ago