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Breakfast News - Harvey Nash Group; M&C Saatchi; Amino Technologies and more...

Breakfast News -  Harvey Nash Group;  M&C Saatchi; Amino Technologies and more...

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Total number of AIM Companies (Incl Susp):


Total number of AIM Companies trading:


*as at close of business  5 June 2018

Standard List**  of Main Market:

Total number of Standard List Companies

(Incl Susp):


Total number of Standard List Companies trading:


*as at close of business  5 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  5 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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Berkeley Energia (LON:BKY) has left Aim to join the main market (standard listing) and Spanish Stock Exchanges.


Breakfast Buffet

Minoan Group (LON:MIN) 6.4p £14.6m

Update: “The proposed disposal of the Group's travel business is proceeding, albeit more slowly than previously envisaged. Sales for the 6 months to 30 April 2018 were comfortably ahead of the previous year.

In Greece, discussions with prospective partners are continuing and we expect to provide further updates as negotiations progress.”

European Metals  (LoN:EMH) 23p £32.2m

“Pleased to announce the commencement of the beneficiation process and magnetic separation of a 15 tonne bulk sample which represents the ore that will be mined in the first stages of project development. The beneficiation and magnetic separation of a lithium rich concentrate will provide pilot plant feed for planned downstream processing through the roast, leach, purification and final product precipitation flowsheet that has been developed.  It is intended to ultimately produce up to 200 kg of battery grade lithium carbonate from this material for marketing and user acceptance purposes.  The processing of the ore sample will also provide approximately 12 tonnes of non-magnetic material that will be used to confirm the flowsheet for the recovery of tin and tungsten values which are unique and important by-products from the Cinovec ore body.”

Harvey Nash Group (LON:HVN) 109p £79

Trading update from the global technology recruitment and outsourcing group. “As stated in the preliminary results announcement on 27 April 2018, we are encouraged by the strong trading momentum at the beginning of the current financial year. This is reflected in the unaudited results with gross profit for the quarter ended 30 April 2018 up 7% overall on the comparable period last year.”

“In the current financial year we completed the acquisition of eMenKa on 15 May 2018 which has significantly strengthened our position in Belgium in the niche Microsoft skills market. The demand for specialist technology skills remains high as a result of an acute skills shortage and as companies are increasing investment in technology and systems.” PE<8x.

Polarean  (LON:POLX) 15p £11m

The medical-imaging technology company, with a proprietary drug-device combination product for the magnetic resonance imaging (MRI) market, announces the delivery of the latest model of Polarean's Xenon polariser to The Department of Radiology & Medical Imaging at the University of Virginia Health System (UVa).   The Department of Radiology & Medical Imaging at UVa has been one of the worldwide pioneers in the clinical research of hyperpolarized gases for lung imaging and has been a key clinical collaborator with Polarean. As a result of this collaboration, the Department of Radiology & Medical Imaging at UVa, has now three latest-generation Xenon-129 Polarean polarizers installed at their site. the third will be used exclusively for Polarean's forthcoming Phase III clinical trial.

M&C Saatchi (LON:SAA) 387p £327.4m

AGM Statement. “2018 has started well and trading is in line with expectations. We continue with the strategy of starting New Businesses and winning New Business.”

2018 highlights so far include: “We opened our 29th office - in Jakarta in January.

In the same month, we launched Majority in LA, an all women roster of established and ascending directors.

We are taking Re our brand consultancy to Shanghai.”

“Our South African offices won Lexus, Marriott and Automark, the second-hand car retailer.

In the UK, our ad agency won Legal & General. Our Sport & Entertainment division won Heineken and Powerade.” “Whilst in France, our office won Chaumet and the Champagne Syndicate.” PE c.15x, yieldc.3%

Instem (LON:INS) 302p £48.1m

The provider of IT solutions to the global life sciences market, announces that a leading Fortune 500 medical products and pharmaceuticals company has adopted Instem's Samarind RMS SaaS solution. The contract is worth approximately $0.75m incorporating both perpetual license and SaaS revenue streams with c. 80% of the contract value being recognised in 2018 and annual recurring revenue of $169,000.

FYDec18E rev £22.99m and PBT £2.64m.

Elecosoft (LON:ELCO) 86.5p £66.99m

“The Board of Elecosoft plc. the international construction software specialist, announced the appointment of Mukul Mistry as Corporate Development Director with immediate effect.

Mukul Mistry has extensive international experience in the software industry. He was previously an Executive Director of systems integration and services business HTSA Pty Ltd and has also advised the Boards of a number of international and UK software technology companies on their strategic development.”

FYDec18E rev £21.9m and PBT £3.3m.

Amino Technologies (LON:AMO) 192p £139.56m

HY May 18 update from the global media and entertainment technology solutions provider. “Amino entered the current financial year with a strong order backlog and during H1 2018 booked over 40% more orders than in the first half of 2017. This, along with good pipeline coverage, means that the Board's expectations for the full year remain unchanged. We expect to return to our normal seasonality in the current financial year, with revenues weighted to the second half of the year. Consequently, we expect revenue for H1 2018 to be lower year-on-year.” We continue to see momentum in areas of strategic priority, such as software and recurring revenues. PE c.14x yield c.3.6%.

MS International (LON:MSI) 240p £40.2m

For the year ending 28th April 2018, profit before taxation increased to £4.04m (2017 - £1.53m) on revenue of £68.09m (2017 - £53.82m). Earnings per share amounted to 20.5p (2017 - 9.1p). Net cash was stable at £15.87m (2017 - £15.21m).  MSI comprises four diverse operating divisions, 'Defence'; 'Forgings', 'Petrol Station Superstructures' and 'Petrol Station Branding', each holding a leading position in it's specialist markets.  “We perceive that, with a sustained measure of prudence, we are continuing to move the business forward on an upward trajectory and are well positioned to support and develop opportunities for the Group.” We could see no forecasts.




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