Small Cap Breakfast
Total number of AIM Companies (Incl Susp):
Total number of AIM Companies trading:
*as at close of business 4 June 2018
Standard List** of Main Market:
Total number of Standard List Companies
Total number of Standard List Companies trading:
*as at close of business 4 June 2018
NEX Growth Market:
Total number of NEX Growth Market Companies (Incl Susp):
Total number of NEX Growth Market Companies trading:
*as at close of business 4 June 2018
*A corporate client of Hybridan LLP
** Standard Listing as defined by Hybridan LLP to be a business with strictly operational activity
Dish of the day
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Gloo Networks has left AIM
What’s cooking in the IPO kitchen?
Stratmin Global Resources RTO of Signature Gold a specialist Australian gold exploration company focused on the exploration and development of large-scale Intrusion Related Gold System. Offer TBA. Due 6 June. Will leave AIM under rule 41.
i-nexus—develops and provides strategy execution software to assist global enterprises in effective execution of their strategic plans and initiatives looking to jon AIM. Offer TBC, expected 19 June
Yellow Cake will use its expertise to generate value through the ownership of physical U3O8 (Uranium) together with a range of activities and opportunities connected with owning physical U3O8. Acquiring supply contract for up to $170m. Offer TBA.
Tekmar— technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services—Offshore wind farms and Oil & Gas. Revenue of £21.9m and Adjusted EBITDA of £4.9m Offer TBA
Knights Group— UK regional legal and professional services businesses. FYApr18 rev £34.9 million and adjusted operating profit was £6.8 million excluding Turner Parkinson (acquiring on IPO). Offer TBA
Aquis Exchange—a founder-led, pan-European Multilateral Trading Facility and exchange and regulatory technology developer and service provider is looking to join AIM. Offer TBC, expected 20 June.
TransGlobe Energy Corporation—an independent international upstream oil and gas company with headquarters in Calgary, Canada is looking to join AIM. No Capital to be raised, market cap of £131m. Expected 29 June
Block Energy— UK based oil exploration and production company whose main country of operation is the Republic of Georgia. Raising £5m at 4p. Mkt cap £10.3m. Due 11 June.
Strongbow Exploration (TSX:SBW) intends to dual list on AIM. Holds rights to the South Crofty underground tin mine, a former producing tin mine located in the towns of Pool and Camborne, Cornwall . The project is estimated to require the Company to raise £25 million over the next 18 months to progress to a production decision. Offer TBS. Due June.
Yew Grove REIT—newly formed Company will pursue its investment objective by investing in a diversified portfolio of Irish commercial property. Offer TBA. Due 10 June
Main Market (Premium)
Utilico Global Income— new actively managed income investment trust raising up to £100 million. Due 22 June.
The molecular diagnostics group focused on non-invasive prenatal testing ("NIPT"), announces a 3-year agreement with one of the most advanced clinical laboratory groups in India, to provide a bespoke, high quality and scalable NIPT solution in the Indian market.
NIPT is relatively new in the Indian market but, with over 26 million births per annum, and increasing awareness of the benefits of NIPT, Premaitha expects that India will be a key growth market for the Company and that this partnership will be a catalyst for the market.
FYMar19E rev £8.8m and £3.7m pre-tax loss,
FairFX Group (LON:FFX) 97.26p £151.1m
"The Group made two transformational acquisitions during the year, which have enabled FairFX to significantly broaden its growth opportunities as it makes further advances into the digital banking sector.
The Group's performance in 2018 to date has been encouraging with continued strong growth. In addition, the Group is already reaping the benefits of the acquisition of City Forex in February 2018 including the migration of the FairFX international payments business onto the City Forex proprietary platform, thus improving efficiencies. The Board expects the Group's trading performance for the full year to be in line with market expectations." PE c.19x.
Imaginatik (LON:IMTK) 1.1p £2.47m
Result of strategic review and new funding and Board changes
Termination of sale process; retention of existing business;
Board and management changes including departure of both Chairman and Chief Executive;
Resultant immediate £750,000 plus reduction in annual costs;
£225,000 of new funds raised;
“The directors note that the Company retains a roster of 38 customers, currently worth annualised revenues of approximately £2.8m. In the last financial year, the Company secured 13 new customers, seven of which are on annual or multi-year contracts consisting of both technology and consulting, adding to the Company's base of recurring revenue.”
Cambria Africa (LON:CMB) 1.25p £4.4m
“Cambria is pleased to announce that, further to its announcement of 15 May 2018 it is today posting a circular (the "Circular") to Qualifying Shareholders regarding an Open Offer of up to £4.28m which will include up to £1.60m through the conversion of loans into equity by Ventures Africa Limited”.
Cambria Africa plc is a long term, active investment company, building a portfolio of investments primarily in Zimbabwe. The Company does not have a particular sectoral focus. Its key objective is building a portfolio of companies that are well-positioned to benefit from Zimbabwe’s economic growth and from formalization and modernization of Zimbabwe’s economy.
Filta Group Holdings (LON:FLTA) 209p £56.7m
AGM Statement from the provider of fryer management and other services to commercial kitchens. "The Company has made strong progress in the year to date, with 6 new franchises, including one in both of our newest operating locations Canada and Germany, and a total of 17 MFU sales. Our existing franchises and Company-owned operations are performing in line with management expectations, and we are seeing an increasing contribution from FiltaGMG as our organisational improvements take effect. Despite the adverse impact of a weak US dollar on our revenues through the early part of the year, EBITDA for the year to date is approximately 11% ahead of the same period last year, equating to growth of approximately 23% at a constant exchange rate.” FY Dec 18E rev £13.2m PBT £2.6m
Non-binding MOU with GCAT Energy Group Inc.. GCAT owns the licence to use a patented pyrolysis technology which it intends to use to develop a waste recycling project in Spain. The pyrolysis technology which converts carbon matter into a variety of outputs including syngas, which can be used to generate electricity, carbon black, naptha and diesel. The technology has already been demonstrated successfully and is expected to be suitable for the conversion of thermal coal into these outputs. ,GCAT and the Company have confirmed their intention to negotiate terms under which Altona may be able to invest in the equity of the JV formed to exploit the technology. In addition, Altona will be granted a licence to use this technology in other specific projects including at the Company's Australian coal project.
AGM Update from the global business aviation services provider.
“Trading across both Air and Ground divisions has been broadly satisfactory although flat compared with last year, with conditions in Europe being somewhat challenging whilst conditions in the US are supporting strong growth.”
“Following the equity placing in March, the Group is confident in delivering its strategic growth plan for 2018. The anticipated investments in US & Middle East Ground are underway and the Group continues to actively review potential acquisition candidates, particularly, in Europe and the Middle East.”
Ace Liberty & Stone (NEX:ALSP) 113p £45.3m
“The Company has completed the purchase of an office property at Princes Court, York Road, Leicester at a price of £4.3m. The entire property is let to the Secretary of State for the Environment and occupied by the Leicester Crown Prosecution Service at an annual rent of £0.29m.
This acquisition is the first to be financed by Coutts & Co for the company. The advance of £2.79m is part of a facility agreed for the purchase of three properties.
Dr Tony Ghorayeb, Chairman, commented "The Company is committed to providing good returns to shareholders through dividend payments and increases in the share price. Acquisitions of this type underpin that plan".
ECSC (LON:ECSC) 105p £9.6m
The “cyber security services provider, is pleased to be formally launching the new KEPLER Cyber Security Artificial Intelligence (AI) product at today's Infosecurity Europe show in Olympia London. “
"KEPLER AI aids our highly skilled and experienced engineers, in both the UK and Australia, process billions of client security events each month. The technology is in use for all ECSC Managed Service clients receiving 24/7/365 monitoring and alerting services."
We could see no forecasts.
Novacyt (LON:NCYT.L) 59.5p £22.4m
The “International specialist in clinical diagnostics, announces that its protein diagnostics division, Lab21 Products (Lab21), has launched a new product for the diagnosis of infectious mononucleosis (IM), also known as glandular fever.
PathFlow™ Mononucleosis is a qualitative lateral flow immunoassay for the detection of IM antibodies in the blood. IM is frequently misdiagnosed as a bacterial infection, streptococcal pharyngitis, due to common clinical presentation of the diseases at onset.” This is the first product in a series of high quality, lateral flow immunoassays, which will form part of Novacyt's growing catalogue of rapid infectious disease diagnostics and aid Lab21's position as a leader in microbial diagnostic kits.