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Breakfast News - AIM Breakfast : Eland Oil & Gas PLC, Everyman Media Group, Fiske plc, Haike Chemical, Haydale Graphene Industries PLC, ITM Power plc, Ramsdens Holdings PLC, TechFinancials, Totally Plc

Published: 09:06 01 Sep 2017 BST

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What’s cooking in the IPO kitchen?

AIM appScatter Group—Sch1 from the B2BSaaS platform that allows its paying users to distribute their apps to, and manage their apps on, multiple app stores. Following admission, appScatter intends to launch the public version of the platform, at which point the platform will be available to all app developers and publishers worldwide. Raising £9m at 65p. Mkt Cap £41.1m. Due 5 Sep.

Warehouse REIT - The Company will invest in a diversified portfolio of UK warehouse assets located in urban areas.  The Company is targeting a dividend yield of 5.5p equivalent to a yield of 5.5 percent. for the year ending 31 March 2019. Issue price 100p. Raising up to £150m.

Destiny Pharma—A clinical stage biotechnology company - lead asset (XF-73) targets antibiotic-resistant bacterial infections in hospitals. Offer TBA. Due early September.

OnTheMarket —Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal

 

Breakfast buffet

Crossword Cybersecurity* (AQSE:CCS) 195p £6.2m

The technology commercialisation Company focusing exclusively on the cyber security announced the appointment of Rob Johnson, as Chief Operating Officer. From 2013, Rob was a Senior Investment Director at Mercia Technologies PLC, the leading AIM quoted commercialisation business, where he managed the company's software and internet investments, as well as assessing new investment opportunities; with a particular focus on AI, Cyber Security and Software as a Service. Prior to his role with Mercia, Rob was a successful entrepreneur and has led five technology companies through to successful exits.   Rob brings unparalleled experience across sales, marketing, technology and operations. He has previously worked with entrepreneurs in fast growth situations as well as having significant knowledge of company acquisition and integration. “I am looking forward to the  opportunity to lead CyberAI - Crossword's major initiative bringing together leading academic researchers  and global industry partners".

Haike Chemical Group (LON:HAIK) 31.5p £12.08m

HYJun17 results from the specialty chemical company based in Shandong Province, China. The Group has delivered a profitable performance despite facing challenging market conditions and a reduction in output as a result of the planned annual plant shutdown and upgrades. The Board continues to be mindful of the difficult trading environment and expects to make further technical upgrades and develop new products in H2 2017 to ensure continued profitability.  Total revenues increased by 14.9% to CNY402.8 million/ £46.6 million. Profit for the period decreased by 10.7% to CNY10.2 million/£1.2 million.  Cash and cash equivalents balance as at 30 June 2017 was CNY44.7 million. Borrowings  CNY80.0 million/£9.1 million. We could see no forecasts.

Techfinancials (LON:TECH) 6.75p £4.9m

HYJun17 results from the technology provider to financial trading brokers. Revenue $6.97m down from $9.86m. Operating profit totalled $0.56m (H1 2016: $1.59m). Profit for the period totalled $0.22m (H1 2016: $1.25m). Cash position at the period end was $5.81m (31 December 2016: $7.65m). “As we anticipated, the first half of 2017 has been challenging as a result of the loss of our largest customer and the uncertain and tightening regulatory environment particularly in Europe, which impacted revenues in our core B2B software licensing business. We anticipate the remainder of this financial year continuing to be challenging within the binary options market until there is clarity surrounding the on-going regulatory consultations. Nonetheless, we remain focused on diversifying our business in order to withstand these pressures and we have plans to introduce further products in the coming years.”  We could see no forecasts.

Haydale Graphene (LON:HAYD) 174.5p £34.2m

The global advanced materials group, announced that its wholly owned US subsidiary, Haydale Technologies Inc. ("HTI"), has signed a new three year contract with Tateho Chemical Industries Co., Limited with contracted revenues of $4.58 million to the Group over the contract term.  The Contract is intended to supersede the previous arrangement which had less than two years to run and the Group expects revenues from the Contract for the current financial year to be broadly in line with those of the prior year. FY Jun 18E rev £5.85m and £2.3m pre-tax loss.

Fiske (LON:FKE) 56.5p £6.53m

FYMay17 results from the independent stockbroking and investment management firm.  “We are pleased to report a return to profit for the year to May 2017. Our pre-tax profit was £31,000 which compares to a loss for the comparable period in 2016 of £1,316,000. Our revenues rose by 22% whilst our operating expenses fell by 13%. This has led to our significant improvement in profitability. Whilst our commission revenues rose by 15% to £2,234,000 (2016: £1,951,000) our investment management fees rose by 43% to £970,000 (2016: £680,000). This was in part due to the integration of our ISA business onto our new platform alongside the appreciation of our assets under management and the gradual migration of clients to a fee based charging structure.” We could see no forecasts.

Ramsdens Holdings (LON:RFX) 165p £51.4m

“The diversified financial services provider and retailer, is pleased to announce that the strong foreign exchange results in the early summer months gained additional momentum through the traditional peak period of July and August. In addition, the Group is benefiting from its jewellery retail initiatives and these, along with the continued strong gold price, has helped the precious metals buying and pawnbroking segments. As a result we expect our interim and full year profit before tax to be significantly ahead of market expectations.” FYMar18E rev £41.24m, EPS 13.59p

Everyman Media Group (LON:EMAN) 163.5p £97.95m

The UK cinema operator has reported HYJun17 results. 

·      Revenue for the period up 55% to £18.8m (H1 2016: £12.1m).

·      Adjusted EBITDA up 123% to £3.0m (H1 2016: £1.3m)

·      One new venue added in the period, expanding the current estate to 21 venues

·      Committed to a further 9 new venues plus the permanent venue at Kings Cross, and a strong pipeline established for future years, including a new venue in Glasgow to be opened in 2018

·      Trading since the period end has continued in line with expectations.

FYDec17E rev £39.46m and PBT £2.73m.

Totally (LON:TLY) 48p £25.19m

The provider of a range of out-of-hospital services to the healthcare sector in the UK, has been awarded a contract with a total value of £403,848,with Care UK through its wholly owned subsidiary Premier Physical Healthcare Limited ("PPH"), one of the largest independent providers of physiotherapy services in the UK. PPH will deliver Physiotherapy and Podiatry services to the South Yorkshire group of prisons, for a total of six years. In addition, PPH has been awarded a 3 year new Any Qualified Provider ("AQP") contract to provide musculoskeletal outpatient physiotherapy to NHS patients, in East Cheshire. The AQP contract has no fixed value and the value to Totally will be dependent on the number of GP referrals received. Finally, PPH has also begun delivering mobility assessments in York as part of an existing contract with NHS Wakefield Clinical Commissioning Group. FYDec17E rev £10.65m and £0.42m pre-tax loss.

ITM Power (LON:ITM) 33.75p £84.58m

The GNVERT - VAN HOOL consortium will deploy the first hydrogen bus route in France, in Pau. François Bayrou, President of the community of Pau Béarn Pyrénées, made this public announcement for the creation of a "zero emission" bus route. It will be operated by the Pau transport operator companies SMTU-PPP and STAP from September 2019 between the hospital and the railway station in Pau.

Fuelled by hydrogen from renewable sources, eight buses from the Bus Rapid Transit service line (BHNS) will be operating on the streets of Pau within two years, as part of a contract between SMTU-PPP, Engie, Van Hool and ITM Power.

“The hydrogen bus market is growing rapidly and it is a great pleasure to be working with such an important group of leaders on this major step forward in France."  FYApr18E rev £9.73m and £2.27m pre-tax loss.

Eland Oil & Gas (LON:ELA) 55.75p £122.74m

The oil & gas production and development company operating in West Africa with an initial focus on Nigeria, confirmed that the OES Teamwork Rig has been mobilised to the Opuama Field, OML 40, in preparation to perform the sidetrack of Opuama-7 well. Following mobilisation of the rig, drilling at Opuama-7 is due to commence by around mid-September and is forecast to begin production in October. Upon completion of drilling, initial production from Opuama-7 is expected to be 5,900 bopd (2,655 bopd net) taking total production at OML 40 to over 18,000bopd (8,100bopd net). Since 1 June 2017, there have been 3 months of production from OML 40, at an average rate for producing days of over 11,750bopd (5,287bopd net). More than 1,080,000 barrels of oil (486,000 net) have been produced into the Forcados terminal in this 3-month period Current gross production from Opuama is around 12,500bopd.  FYDec17E rev £56.28m, PBT £12m, PE c.6x.

Ariana Resources updates resource and reserve; realises long-term strategy

Joining Jonathan Jackson in the Proactive studio is Ariana Resources PLC (AIM:AAU) managing director Kerim Sener, who sits down to discuss the latest resource and reserve update for the Zenit Mining Operations in Western Türkiye. The update encompasses the Kiziltepe and Tavsan sectors, operated...

5 hours, 26 minutes ago