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Small Cap Wrap - Golden Saint Technologies Ltd; Greenfields Petroleum; Adept4 ; Good Energy and more...

Published: 08:07 16 Nov 2018 EST

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AIM:

Total number of AIM Companies (Incl Susp):

922*

Total number of AIM Companies trading:

851*

*as at close of business  09 November 2018

Standard List**  of Main Market:

Total number of Standard List Companies

(Incl Susp):

138*

Total number of Standard List Companies trading:

120*

*as at close of business 09 November 2018

NEX Growth Market:

Total number of NEX Growth Market Companies (Incl Susp):

88*

Total number of NEX Growth Market Companies trading:

86*               

*as at close of business 09 November 2018                              

*A corporate client of Hybridan LLP

**  Standard Listing as defined by Hybridan LLP to be a business with strictly operational activity

 

                            

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What’s cooking in the IPO kitchen?

Main Market (Premium)

AJ Bell—one of the largest investment platforms in the UK—Expects to publish prospectus end Nov. FYSep18—revenues up 19% to £89.7 million, profit before tax up 31% to £28.4 million.

Nova Ljuublianska banka—financial and banking institution based in Slovenia with a network of 349 branches,  dual listing process in Ljubliana with GDRs in London. For HYJun18 and for FY17 the Group recorded a net profit equal to EUR 104.8 million and EUR 225.1 million, respectively. 50% plus sell down.  Estimated mkt cap EUR1bn to EUR1.3bn. Due 14 Nov

Sirius Aircraft Leasing Fund targeting a raise of US$250m  - objective is to provide investors with an attractive level of regular income and capital returns through investing primarily in used, single-aisle aircraft. Due early Nov

Main Market (Standard)

Golden Saint Technologies Ltd,  global technology investment company that provides investors with potential return opportunities. The Group has been supplying government organisations and large corporate clients with smart building solutions for the last 20 years, is looking to join the Standard List of the Main Market raising £911,213 at 0.75p. Expected 22 November 2018

Main Market (Specialist Funds)

The Global Sustainability Trust -aiming for attractive risk-adjusted returns by investing primarily in private market investments that are expected to have a positive environmental and social impact raising c.£200m. Due end Nov.

AIM

Kropz, an emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa, a phosphate project in the Republic of Congo and exploration assets in Ghana, is looking to join AIM. Offer TBC, expected late Nov

Titon Holdings—international manufacturer and supplier of ventilation systems and window and door hardware. No capital raise. Due 10 Dec. Mkt cap c.£22m.

Greenfields Petroleum (CVE:GNF)  production focused company with operated assets in Azerbaijan seeking AIM dual listing including $60m private placement. Mkt cap $12.6m CAD

Finncap—proposed acquisition of M&A adviser Cavendish Corporate Finance and AIM admission. Offer TBA

Crossword Cybersecurity Plc* (AQSE:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is investigating the possibility of AIM admission. The Company is proposing to raise up to £2.25 million before the end of December, conditional on Admission.

The Panoply parent company of a digitally native technology services group founded in 2016 with the aim of identifying and acquiring best-of-breed specialist information technology and innovation consulting businesses across Europe, is looking to join AIM. Offer TBC, expected late November 2018.

Rumours and Speculation Report on Bloomberg that Ghana will seek to raise as much as $750 million through a sale of shares in a fund that will hold the West African nation’s stakes in mining  companies         

Banquet Buffet

Adept4  (LON:AD4) 1.05p £2.38m

FYSep18 update from the provider of IT as a service. Revenue is anticipated to be broadly in line with that recognised in the preceding financial year, with a reduced gross profit margin of 56% (FY17: 61%) due to a change in sales mix.  As a result of this reduction in margin, unaudited management accounts show that Trading Group EBITDA is below that achieved for FY17, at approximately £0.6m, with cash at bank of £1.4m and net debt of £2.7m at the year end.

During H2 a programme of cost rationalisation was undertaken to ensure the business has an appropriate cost base . The Group is now seeing a marked improvement in the quality of tenders and opportunities it is participating in and expects this to have a positive impact on the current year's financial performance.       

Eagle Eye Solutions (LON:EYE) 126p £32.1m

AGM Statement from the SaaS technology company that allows businesses to create a real-time connection to attract and retain their customers through digital promotions and loyalty services. The Group's momentum has continued into the current financial year and Q1 FY2019 has delivered revenue growth of 26%  with revenue generated by the AIR platform up 36%.  “At the start of the year we set an objective to expand into new sectors. We recently signed a three-year contract with Burger King UK Group ("Burger King") for 74 outlets, our first quick service restaurant ('QSR') customer, demonstrating the attraction of the platform outside our traditional grocery and food & beverage sectors.” “Recently signed a three-year contract with Burger King UK Group  for 74 outlets, our first quick service restaurant customer, demonstrating the attraction of the platform outside our traditional grocery and food & beverage sectors”.

Good Energy Group (LON:GOOD) 104p £17.23m

Update for 10 months to October 2018. “The Board is pleased to confirm that, in the period, Good Energy has traded slightly ahead of management expectations with continued strong cash generation.

The Company has made good progress in delivering its strategic priorities since the announcement of its interim results through sustained business volume growth and continued investment in the new marketing campaign, customer services, IT capabilities and new product development. Customer numbers have remained broadly flat in the period and we now have a 4* rating on Trustpilot, reflective of the significant investment made in our customer services team as we continue to improve our overall customer proposition. Billing performance remains at over 99% and customer debt and accrued income continue to be maintained at normalised levels”. FYDc18E PE c.12.5x, yield c 3.7%.

D

XS International (AQSE:DXS) 11.5p £4m

AGM statement from the clinical decision support developer and supplier of clinical decision support systems.

DXS has recently launched the MyVytalCare and DXS ExpertCare products aimed at treating Long Term Conditions both from the patient and the GP's point of view.

The new products include an App which is interactive with the patient while providing the clinician with expert NICE compliant diagnostic and prescribing advice.

Financial targets include achieving a six-fold increase in turnover over the next five years and post-tax profits in excess on £7mp.a.

 

Management Resource Solutions (MRS.L) p £m

“MRS Services Group has secured a contract for the structural refurbishment of six front line excavators in upcoming shut down projects.

The first project commences in late Nov 2018 with the remaining five shut down projects starting in Jan 2019.

The work will be carried out on and off site at our one stop service facility.

The estimated value of the contract is AUD$1.5 - 1.6m.

The scope of the work is to conduct structural refurbishment and programed component replacement to these six excavator units to achieve optimum service availability to meet production performance targets.

Installation of our patented "Hydraulic Isolator" will also be carried out on two of the machines.”

We could see no forecasts,

 

Empyrean Energy (EME.L) 10p £41.5m

The oil and gas development company with interests in China, Indonesia and the United States.

Confirmed £1m placing at 10p. The Placing Price represents a 3.7% premium to the Volume Weighted Average Price of the Company's Shares over the twenty trading days prior to the Placing (9.6408p) and a 4.9% premium to yesterday's closing price (9.525p). The Placing Shares have been issued to new sophisticated investors and also existing shareholders, including Dr Patrick Cross, the Company's Chairman. Dr Cross has subscribed for 100,000 shares under the Placing, and now has an interest in 725,000 Shares, representing 0.17% of the Company's enlarged issued share capital.   The funds raised pursuant to the Placing will be used for the Company's general working capital purposes.

Recently published encouraging independent Audit   of the Company's oil initially in place estimates over the Jade, Topaz and Pearl prospects identified in Block 29/11, Pearl River Mouth Basin, offshore China.

Genedrive  (LON:GDR) p23 £4.3m

The near patient molecular diagnostics company, today confirms its intention to raise £6m by way of a conditional placing (the with new and existing investors through the issue of 15,217,391 new ordinary shares  at a price of 23p per Placing Share  and the issue of £2.5m convertible Loan Notes.  Business Growth Fund has conditionally agreed to subscribe for the £2.5m unsecured convertible Loan Notes and £1m of Placing Shares subject to, inter alia, a total of £3.5m being raised through the Placing.

The net proceeds will fund the working capital needs of the Company in relation to the launch of the Genedrive® HCV-ID Kit for hepatitis C diagnosis and support projects to enhance the gross margin for this assay. The net proceeds will also go towards funding the Company's assay development programmes in antibiotic induced hearing loss and tuberculosis and the continued development of the Genedrive® system.

Hutchison China MedTech (LON:HCM) 4695p £3730m

“Hutchison China MediTech Limited announced the outcome of FALUCA, its Phase III trial of fruquintinib in advanced non-small cell lung cancer patients in China who have failed two lines of systemic chemotherapy. The trial did not meet the primary endpoint to demonstrate a statistically significant increase in overall survival compared to placebo.

Fruquintinib demonstrated, in FALUCA, a statistically significant improvement in all secondary endpoints including progression-free survival objective response rate, disease control rate and duration of response as compared to the placebo. The safety profile of the trial was in line with that observed in prior clinical studies. Full detailed results are expected to be disclosed at an upcoming scientific meeting.”

 

Forbes Ventures  (LON:FOR) 0.45p £2.1m

“Forbes is pleased to announce that it has been notified by its investee company, Civilised Bank Limited, that the Bank has resubmitted its banking licence application to the Bank of England and successfully raised an additional £10m. Forbes Ventures holds 4,545 ordinary shares in the Bank.”

Forbes Ventures is an investment company with a focus on the finance and property sectors where innovative technology can be deployed to improve efficiency and achieve scalability. 

Ncondezi Energy (LON:NCCL) 6.99p 19.7£m

Shareholder loan restructuring now complete. Key highlights include: 

Maturity date extended to 30 Nov 2019

12% interest rate, paid at maturity. Represents a significant reduction in effective interest rates historically incurred on the Loan

Ability for Ncondezi to voluntarily prepay the Loan in full or in part

Lenders have the option to swap debt for equity in full or in part at a conversion price of 10p per share until the date which is 30 days before the maturity date of the Loan.

The updated work program and timetable for the Company's integrated 300MW power and coal mine project in Tete Mozambique is expected to be submitted to the Ministry of Mineral Resources and Energy and Electricity de Mozambique during Nov 2018 

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

4 hours, 31 minutes ago