Proactive Investors - Run By Investors For Investors

Breakfast News - Jangada Mines, Techniplas, OPG Power and more..

Breakfast News - Jangada Mines, Techniplas, OPG Power and more..

Set menu

 

AIM:

 

Total number of AIM Companies (Incl Susp):

 

908*

 

Total number of AIM Companies trading:

 

837*

 

*as at close of business  27 February 2019

 

Standard List**  of Main Market:

 

Total number of Standard List Companies

 

(Incl Susp):

 

161*

 

Total number of Standard List Companies trading:

 

142*

 

*as at close of business 27 February 2019

 

NEX Growth Market:

 

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

 

89*

 

Total number of NEX Growth Market Companies trading:

 

87*               

 

*as at close of business 27 February 2019

 

*A corporate client of Hybridan LLP

 

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

 

What’s cooking in the IPO kitchen?

 

Main Market (Premium)

 

US Solar Fund, a newly-established investment company focused on investing in solar power assets mainly in the US, looking to raise $250m at $1. Expected 20 March

 

AIM

 

Techniplas –global  producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient.  FYDec17 rev $515m.

 

Diaceutics, a data analytics and implementation services company which services the global pharmaceutical industry, is looking to join AIM late March, offer TBC.

 

Banquet Buffet

 

Jangada Mines (LON:JAN) 2.756.25p £m

 

Update on recently completed exploration activities at its Pitombeiras West vanadium deposit in north-eastern Brazil.

 

Drill results confirm the presence of a high-grade deposit with potential for significant resource delineation

 

High-grade zone contains an average of 0.83% V2O5, 11.6% TiO2 and 48.4% Fe over a 12.8 m average downhole width

 

Total mineralised intersections range from 26 m to 46 m wide with average grades of 0.57% V2O5; 8.1% TiO2 and 37% Fe

 

High grade mineralisation commences at surface and remains open at depth and along strike

 

Preliminary metallurgical tests demonstrate that the material can be processed by conventional methods currently used for the ore type globally

 

Watkin Jones (LON:WJG) 224.5p £573.08m

 

The “UK developer and constructor of multi-occupancy residential property assets, with a focus on the student accommodation and build to rent sectors, announced that the Group has completed the forward sale of a purpose-built student accommodation ('PBSA') development in Wembley to the real estate investment business of DWS.

 

The consideration payable to Watkin Jones over the course of the development will be approximately £90m, net of all client funding and acquisition costs. The scheme is expected to deliver a margin in line with target returns and is scheduled for delivery in time for the start of the 2021/22 academic year.  The completed scheme will be managed by Fresh Student Living, the Group's PBSA asset manager.

 

The Wembley PBSA scheme has a planning consent for 599 high quality purpose designed student beds with associated amenity and management space.  It also includes a retail offering and substantial landscaped external communal area.”

 

Nektan (LON:NKTN) 14p £6.42m

 

Nektan has added another leading operator to its growing B2B E-Lite platform. Addison Global, the creators of MoPlay, have partnered with Nektan to access its portfolio of industry-leading casino games via Nektan's proprietary E-Lite content aggregation platform. Launched in Aug 2018, MoPlay is the global betting partner of Premier League clubs, Manchester United FC and Watford FC.

 

Nektan's B2B content distribution platform, E-Lite, provides gaming operators with more than 700 of the industry's most cutting-edge, mobile-ready HTML5 games content, including titles from PGSoft, Habanero and Yggdrasil. E-Lite also offers operators an advanced suite of promotional tools, including free spins, which can be configured across all games via the E-Lite back office. The integration with the E-Lite platform will see MoPlay significantly boost its casino offering, providing its players with a more feature rich and diversified gaming experience.

 

OPG Power (LON:OPG) 23.5p £85.34m

 

“As previously reported, Unit IV (180 MW) of OPG's Chennai plant was shut down whilst turbine repairs were undertaken. OPG reported that the repair works, which were performed under the supervision of the turbine manufacturer, have been completed and Unit IV re-started operations on 5 March 2019.

 

"Despite the temporary interruption of operations at Unit IV, we expect to meet market profit expectations for our final results for the year to 31 March 2019 and we are confident of maintaining strong operational performance in FY20." 

 

Oriole Resources (LON:ORR) 0.39p £2.63m

 

The exploration company operating in Africa and Europe, will receive $0.5m in success-based payments from its partner Anadolu Export Maden Sanayi ve Ticaret Limited Şirketi ('Anadolu') in relation to the Karaağaç project in Turkey. The payment occurs as per the terms of the exploration agreement, which was announced on 2 Feb 2015, following the definition of a minimum JORC 2012-compliant Resource of 50,000oz Au.

 

Oriole to receive staged payments of $25,000 per month for 20 months - first payment already received for Feb 2019;

 

Environmental Impact Assessment awaiting approval by Urban and Environment Ministry;

 

Oriole will receive 1.5% net smelter returns royalty on any future production.

 

Northern Bear (LON:NTBR) 66.5p £13.98m

 

Trading for the financial year ending 31 March 2019 from the family of businesses provides specialist building services to local authorities, housing associations, NHS trusts, universities and more.

 

“Since publication of the interim report in Nov 2018, the Company and its subsidiaries have continued to trade well.  Based on management information for the ten months to Jan 2019, the Group has traded ahead of management expectations and in line with the outstanding prior year results.

 

While the final two months of the financial year is a key trading period for the Group, the Board's current expectation is that operating profit (prior to the impact of non-cash amortisation and transaction costs) will be broadly in line with the prior year.”

 

Mountfield Group (LON:MOGP) 1.6p £3.81m

 

FY Dec 18 update from the flooring and specialist construction services company.

 

The Group improved strongly upon 2017 performance.

 

2018 also saw the Group achieve a record turnover.

 

Demand for the Group's services is outperforming the general sector.

 

The Group's secured order book is at a post-Admission record high level.

 

The Directors expect another strong performance in 2019.

 

The Directors are confident that the net PBT for 2018 will exceed £864k - the figure achieved in the year ended 31 Dec 2017.

 

Coro Energy (LON:CORO) 2.12p £14.73m

 

“The South East Asian focused exploration and production company, announced that the Minister of Energy and Mineral Resources has approved the Plan of Development for the Mako field, Duyung PSC, offshore Indonesia.

 

On 11 Feb 2019, Coro announced the acquisition of a 15% stake in the Duyung PSC, which covers an area of approximately 890 km2 in the West Natuna basin and is proximal to the West Natuna Transportation System ("WNTS"), a gas pipeline to markets in Singapore. WNTS currently supplies approximately 0.4bn standard cubic feet ("Bcf") per day to Singapore. A resource audit by Gaffney Cline & Associates, dated Nov 2018 reported 276 Bcf of contingent (2C) resources attributable to the Mako field.”

 

SafeCharge (LON:SCH) 280.5p £424.08m

 

The payments technology company, announced that in light of the success of the partnership with Nayax Ltd, a leading global cashless payment solutions provider for the unattended machine industry, on 17 Jan 2019 SafeCharge and Nayax agreed to extend the acquiring agreement between Nayax and SafeCharge to the end of 2024.

 

In conjunction with the extension and under the terms of the Agreement more fully described below, SafeCharge agreed with Nayax's founding shareholders that they will, by the end of 2022, buyback SafeCharge's shareholding in Nayax for a consideration equal to SafeCharge's cumulative investment of $24.5m plus 9% interest per year, calculated from 15 Feb 2018 until payment is received.

 

 

This document, which does not constitute research, has been issued by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectives, financial situation or needs of any specific entity and is not a personal recommendation to anyone. Recipients should make their own investment decisions based upon their own financial objectives and financial resources and, if any doubt, should seek advice from an investment advisor.

The information contained in this document is based on materials and sources that are believed to be reliable; however, they have not been independently verified and are not guaranteed as being accurate. This document is not intended to be a complete statement or summary of any securities, markets, reports or developments referred to herein. No representation or warranty, either express or implied, is made or accepted by Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings in relation to the accuracy, completeness or reliability of the information in this document nor should it be relied upon as such.

Any and all opinions expressed are current opinions as of the date appearing on this document only. Any and all opinions expressed are subject to change without notice and Hybridan LLP is under no obligation to update the information contained herein. To the fullest extent permitted by law, none of Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings shall have any liability whatsoever for any direct or indirect or consequential loss or damage (including lost profits) arising in any way from use of all or any part of the information in this document.

This document should not be relied upon as being an independent or impartial view of the subject matter and, for the avoidance of doubt, does not constitute “independent investment research” for the purposes of the Financial Conduct Authority rules. The individuals who prepared this document may be involved in providing other financial services to the company or companies referenced in this document or to other companies who might be said to be competitors of the company or companies referenced in this document. As a result both Hybridan LLP and the individual members, directors, officers and/or employees who prepared this document may have responsibilities that conflict with the interests of the persons who receive this document. Hybridan LLP and/or connected persons may, from time to time, have positions in, make a market in and/or effect transactions in any investment or related investment mentioned herein and may provide financial services to the issuers of such investments.

In the UK, this document is directed at and is for distribution only to persons who (i) fall within Article 19(5) (persons who have professional experience in matters relating to investments) or Article 49(2) (a) to (d) (high net worth companies, unincorporated associations, etc) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) or (ii) are Professional Clients or Eligible Counterparties (as those terms are defined in the rules of the Financial Conduct Authority) of Hybridan LLP (all such persons referred to in (i) and (ii) together being referred to as “relevant persons”). This document must not be acted on or relied up on by persons who are not relevant persons. For the purposes of clarity, this document is not intended for and should not be relied upon by persons who would be classified as Retail Clients (as defined by the rules of the Financial Conduct Authority).

Neither this document nor any copy of part thereof may be distributed in any other jurisdictions where its distribution may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Distribution of this report in any such other jurisdictions may constitute a violation of UK or US securities law, or the law of any such other jurisdictions.

Hybridan LLP and/or its associated undertakings may from time-to-time provide investment advice or other services to, or solicit such business from, any of the companies referred to in this document. Accordingly, information may be available to Hybridan LLP that is not reflected in this material and Hybridan LLP may have acted upon or used the information prior to or immediately following its publication. In addition, Hybridan LLP, the members, directors, officers and/or employees thereof and/or any connected persons may have an interest in the securities, warrants, futures, options, derivatives or other financial instrument of any of the companies referred to in this document and may from time-to-time add or dispose of such interests.

Neither the whole nor any part of this document may be duplicated in any form or by any means. Neither should this document, or any part thereof, be redistributed or disclosed to anyone without the prior consent of Hybridan LLP.

Hybridan LLP is a limited liability partnership registered in England and Wales, registered number OC325178, and is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Any reference to a partner in relation to Hybridan LLP is to a member of Hybridan LLP or an employee with equivalent standing and qualifications. A list of the members of Hybridan LLP is available for inspection at the registered office, 2 Jardine House, The Harrovian Business Village, Bessborough Road, Harrow, Middlesex HA1 3EX.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use