Small Cap Breakfast
Total number of AIM Companies (Incl Susp):
Total number of AIM Companies trading:
*as at close of business 1 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 1 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 1 June 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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FreeAgent has left AIM following a takeover
South African Property Opportunities Plc (SAPO.L) has cancelled its quoting on AIM, the Company is in discussions which may lead to a listing of its shares on the NEX Growth Market
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 4 June. Will leave AIM under rule 41. AIM
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
Transglobe Energy -international upstream oil and gas company with exploration and production operations in the Arab Republic of Egypt and Canada. Due 29 June. Will remain TSX listed. Admission only.
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.
Highlands Natural Resources (LON:HNR) 18.7p £21.8m
Update on its Colorado-based shale oil and gas projects.
At East Denver, surface casing for all six new wells has been completed and the current stage of drilling is scheduled to complete in towards the end of June. Supplementing this successful project, Highlands has acquired a consolidated package of 2,490 acres of oil and gas leases to the west of Denver, Colorado where the Company believes that up to 48 horizontal wells could be drilled, subject to regulatory approvals.
“Verona Pharma, a clinical-stage biopharmaceutical company focused on developing and commercializing innovative therapies for the treatment of respiratory diseases, announced that its shelf registration statement on Form F-3 (the "Shelf Registration Statement") filed with the Securities and Exchange Commission on May 23, 2018 was declared effective by the SEC on June 1, 2018.”
The Shelf Registration Statement will permit the Company to issue or sell, from time to time over the next three years, up to $200m in aggregate value of its ordinary shares of £0.05 each American Depositary Shares, warrants or units.
Nektan (LON:NKTN) 22.5p £10.7m
The “international B2B and white label gaming software and services provider, announces a further agreement with Tyche Digital, its Malta based gaming partner, to deliver Nektan's Evolve Lite gaming platform ("E-Lite") into global cryptocurrency online casino operators. Two initial deals with online casino operators have already been secured by Tyche Digital.
The Operators will be utilising Nektan's E-Lite platform to provide their customers with premium casino content from world-leading game suppliers, incorporating the latest promotional functionality. All parties expect the partnership to be live and transacting before the end of July 2018.” We could see no forecasts.
“Kabelnoord, the leading Dutch cable operator, is to deploy Amino's MOVE end-to-end multiscreen video platform. This will allow Kabelnoord to offer next generation TV services as part of a major rollout of its fibre-to-the-home (FTTH) network. The operator already provides a mix of DVB-C and fibre-based services to almost 30,000 customers in Friesland and will shortly undertake a major expansion of its footprint in the region, having secured a contract to provide FTTH to a further 20,000 homes. In addition, Kabelnoord will deploy its next generation TV services to an adjacent broadband network operator in Groningen where 15,000 homes will be able to benefit from an advanced TV experience including catch-up, network PVR and multiscreen delivery.” PE c1.4x and yield 3 to 4%.
Nostra Terra Oil & Gas (LON:NTOG) 4.2p £5.7m
FYDec17 results. Highlights include:
Revenue for the period increased 300% to £1.1m (2016: £0.28m
Production for the period increased 94% to 30,703 BOE (USA only) (2016: 15,793)
Proven Reserves (1P) for the period increased 144% to 646,280 BOE (2016: 265,000 BOE)
Loss for the period of £1m (2016: £2.9m)
Acquired a further 20% Working Interest in the Pine Mills oil field.
“With oil sector strength and Nostra Terra cash flow positive at the plc level, this is a most exciting time to be involved in the business. We already have a number of potential catalysts to rerate the business in our asset portfolio and are extremely well positioned to raise our sights in terms of new acquisitions.”
To dual list on TSX 6 June. “This follows our successful Plan of Arrangement with Legend Gold for its strategic gold assets in Mali and recent C$4.1m capital raise, which was largely placed with North American based investors. "The board and team at Altus collectively have a strong track record of making and monetising economic mineral discoveries across Africa. Altus currently has 19 exploration projects, diversified across six African countries (Morocco, Mali, Ivory Coast, Ethiopia, Cameroon and Liberia) and several commodities, including gold, copper, silver, bauxite, iron ore and zinc. We also have two active joint venture partnerships”.
Forbidden Tech (LON:FBT) 5.1p £9.2m
Conditional placing of £5.75m at 5p from the developer and seller of cloud video platform technology using its patented Blackbird technology. the developer and seller of cloud video platform technology using its patented Blackbird technology,
The net proceeds of the Placing, which will be approximately £5.45m, will be used to resource larger infrastructure contracts, to further strengthen the commercial team, to open up the Blackbird platform via API interfaces, enhance the value of the Company's IP portfolio and strengthen the Company's balance sheet.
Xpediator (LON:XPD) 63p £73.98m
The “provider of freight management services across the UK and Europe, announced it has entered into an agreement to acquire the entire issued share capital of Anglia Forwarding Group Limited ("AFGL") [FYJul 17 rev £13.5m, op profit £0.4m], a UK-based international freight forwarder with road, sea and freight capabilities. The initial cash consideration payable upon completion is £1.5m, plus a further cash payment reflecting AFGL's surplus working capital position at completion estimated to be approximately £0.7m. Deferred cash consideration of up to £2m may also be payable contingent on profits generated by AFGL over the two years ending 31 May 2020.” FYDec18E rev £153.3m, PBT £5.7m.
Corero Networks (LON:CNS) 9.75p £37.5m
The “global network security company, is pleased to announce a $0.7m order for its SmartWall® Threat Defense System technology from an existing digital enterprise customer.
The order is part of this customer's ongoing deployment and includes multiple SmartWall products with supporting SecureWatch® services for three years. Corero has generated orders of $1m from this customer in 2018 (orders which the Company reported in the Trading Update dated 21 Dec 2017 were delayed to 2018).
Further additional orders are expected in H2 2018 as part of the customer's ongoing global expansion and SmartWall deployment plan.”
Sunrise Resources (LON:SRES) 0.17p £3.67m
The company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, announced that it has signed a non-binding Memorandum of Understanding ("MOU") with a second potential customer in respect of future sales for perlite from the CS Project.
This follows on from the announcement made on 27 April 2018 and, consistent with that announcement, the identity of the counterparty to this second MOU, which is also a long-established buyer and processor of raw perlite, is being held confidential for commercial reasons.