Small Cap Breakfast
Total number of AIM Companies (Incl Susp):
Total number of AIM Companies trading:
*as at close of business 19 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 20 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 19 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
Anexo (AIM:ANX) -specialist integrated credit hire and legal services group. Offer raising £25m at 100p, market cap £110m. Calendar 2017 revenue of £44.8 million and £14.6 million Profit Before Tax.
Tekmar (AIM:TGP)— 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. £61.8m raised at 130p. Mkt cap c.£65m.
Off the menu
No leavers Today
What’s cooking in the IPO kitchen?
GoTech Group– AIM shell moving to NEX. the Company’s Investment Strategy will be to initially effectively become a UK, Canadian and Australian-focused medicinal cannabis and related products’ index tracker and investor. Due 25 Jun.
Sovereign Mines of Africa PLC to be renamed The Barkby Group PLC after the acquisition of Turf to Table Ltd will join the NEX Exchange on 26 June 2018 after raising £547k at 9p with market cap of £3.42m
RA International is a leading provider of services to remote locations in Africa and the Middle East looking to join AIM raising £18.8m and 56p, market cap of £97.2m. Expected 29 June
Cake Box Holdings—franchise retailer of cakes with a growing store base across the UK looking to join AIM, Offer tbc, expected late June
Mind Gym. Behavioural science business that uses scalable proprietary products to deliver human capital and business improvement solutions to large corporations. Offer TBA. Due 28 June
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 raising £10m at 79p, market cap of £23.36m, expected 21 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.
Knights Group— UK regional legal and professional services businesses. FYApr18 rev £34.9m and adjusted operating profit was £6.8m excluding Turner Parkinson (acquiring on IPO). Offer TBA, expected 29 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
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.
Main Market (Premium)
ASA International— “one of the world's largest and most profitable international microfinance institutions, which aims to enhance financial inclusion among low-income populations throughout Asia and Africa in a socially responsible manner”. Secondary sell down. No primary. Due July. Offer TBA
Ashoka India Equity Investment Trust—Target raise £100m. India focussed high conviction, long-only IT. Due mid July.
Utilico Global Income— new actively managed income investment trust raising up to £100m. Due 22 June.
Amigo Holdings—The pioneer of guarantor loans now lending c. £470m per annum. Secondary Sell down. Pricing TBA
Main Market (Standard)
Argo Blockchain. UK-based provider of cryptocurrency mining services. Looking to raise £20m. Offer TBA. Its main operations went live on 11 June 2018. Offer TBA.
Main Market (Specialist Funds)
Tritax EuroBox raising up to £300m. “Will provide an opportunity for investors to gain exposure to a portfolio of well located Continental European logistics real estate assets”. Due 9 July.
Elektron Technology (LON:EKT) 41p £73.5m
Ahead of its Annual General Meeting on Weds 20 June 2018, Elektron Technology, the technology group, provides an update on recent trading.
Bulgin's order book is significantly stronger than a year ago with both the order book and YTD orders at new record levels with sales at the half year expected to be at least £1m ahead of last year's £12.5m. As a result of continued strong demand and despite order visibility of around 12 weeks, the Board now expects sales for the full year to be ahead of the £27.3m achieved last year.
Checkit, the Group's SaaS model business, continues to make strong progress and is in advanced discussions with a number of global businesses with a view to adoption of Checkit's disruptive technology.
Elektron Eye Technology continues to trade in line with expectations.
Elektron expects to provide an update on current year first half sales and cash in early August.
Sirius Minerals (LON:SXX) 32.67p £1.5bn
Binding take or pay offtake agreement to supply POLY4 (multi-nutrient fertilizer) to Intercontinental Trade DMCC Dubai.
ITL Trading is a global trading company with an active presence in Europe, Africa, the Middle East and Asia. It specialises in supplying Nigeria and West African clients with globally sourced products and services that are critical to laying the foundations for a modern economy. ITL Trading has been in business for over 25 years, and is headquartered in Dubai. The supply agreement is a seven-year agreement from first production, for volumes of POLY4 increasing to 350,000 tonnes per annum in year four and provides for exclusive marketing rights into Nigeria. The Company's peak contracted sales volumes has increased from 4.4 Mtpa to 4.7 Mtpa.
Best of the Best (LON:BOTB) 275p £27.7m
FY Apr 18 results. Best of the Best plc runs competitions online to win cars and other prizes.
Total Revenue of £12.95m with like-for-like revenue up 13.3% to £12.25m (2017: £10.81m)
PBT increased by 5.8% to £1.60m(2017: £1.51m)
Online revenue of £10.87m with like-for-like online revenue up 23.0% to £10.28mm(2017: £8.36m) representing 83.9% of like-for-like revenue
“BOTB has delivered increased revenues and profits slightly ahead of management's expectations and remains strongly cash generative. We believe the business is well positioned for the new financial year, which has started encouragingly, and I look forward to updating shareholders on further progress in due course.”
mporium Group (LON:MPM) 7.5p £44.1m
“The technology firm delivering event-driven marketing, announced that its proprietary IMPACT technology was used to deliver high levels of performance across the Samsung S9 phone launch campaign [via the agency Performics], as well as being part of further, ongoing campaigns for the global brand.
Mporium's technology was used as part of the S9 launch, to identify and monetise micro-moments of opportunity, delivering a high return on investment and, ultimately, an improved performance for the campaign. IMPACT is now being used across a wide range of Samsung product campaigns.
Genedrive (LON:GDR) 36.5p £6.9m
The near patient molecular diagnostics company, today announces its receipt of a multi-partner grant award from the UK National Institute for Health Research's Invention for Innovation programme, for the development and implementation of a point-of-care pharmacogenetic test to avoid antibiotic-related hearing loss in newborn children. A Genedrive® test is targeted to allow genetic results to be available within an hour, allowing alternative antibiotics to be used and thus avoiding the potential life changing adverse reaction to gentamicin (prescribed to c. 90k babies per year in the UK on intensive care units.). Antibiotic treatment should start within the first hour after admission, but current lab-based genetic tests are not able to return actionable results within that timeframe.
Redt Energy (LON:RED) 5.95p £42.8m
“redT energy plc, the energy storage solutions company, today formally launched its third generation flow machine at eeS Europe in Munich, Europe's largest and most international exhibition for batteries and energy storage systems.
Featuring a new, proprietary system design, with multiple patents filed, this new product offers improved charge/discharge characteristics and increased efficiency within a more compact format. redT's Gen 3 machine has been specifically engineered as a high performance, distributed energy infrastructure asset.”
Clearstar (LON:CLSU) 55p £20m
The technology and service provider to the background check industry, announces that its ClearMD mobile drug testing solution is now integrated with Abbott Laboratories (formerly Alere), a leading global provider of healthcare diagnostics. This significantly expands the number of test collection sites where ClearStar's mobile solution for medical test ordering can be used. In addition to the Company's existing integrations with LabCorp and Quest Diagnostics, ClearStar is now the only provider offering paperless medical screening with a fully customisable user platform across all three of the major laboratories in the US.
As it approaches the end of its financial year ending 30 June 2018, the Company has received a sharp increase in enquiry levels across all product ranges, including its recently announced 3 Volt technology. Total enquiries, if converted to orders, would amount to annualised sales in excess of US$20m per annum, including over US$2m which has already been classed as design wins, covering over 70 projects for cylindrical and automotive supercapacitors; small IoT and Thinline supercapacitors; and the new 3 Volt prismatic supercapacitors that are in development.
H2 revenues more than double H1 at A$3.35m and H2 approaching break even at the EBITDA level vs A$1.5m loss in H1. Cash of A$1.8m.
Mercia Technologies (LON:MERC) 34.2p £106.4m
“The national investment group focused on the funding and scaling of innovative technology businesses with high growth potential from the UK regions, is pleased to announce that its direct investment, VirtTrade Ltd ("VirtTrade"), has secured a partnership with Formula 1 to join its growing roster of digital initiatives, aimed at providing innovative new methods for fan engagement in the sport.
VirtTrade is a developer and publisher of digital trading cards and works with licensors to create high quality engagement apps for fans. The VirtTrade platform allows fans around the world to pursue their passions by collecting digital cards, making trades and competing in games.”
Last NAV/share reported 41.1p.
Deltex Medical (LON:DEMG) 1.3p £6.4m
AGM statement from the specialist in Oesophageal Doppler Monitoring. Highlights three focus areas.
* extending Deltex Medical's product offering on the TrueVue platform to facilitate sales into a broader number of clinical areas around the world to increase the size of the Group's addressable market;
* focussing on the effectiveness of the Group's sales processes to maximise the sales of high margin, ODM disposable probes; and
* husbanding Deltex Medical's cash resources while moving towards cash generation.