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Breakfast News - Sosandar, Falanx Group and more

Breakfast News - Sosandar, Falanx Group and more

Small Cap Breakfast                              

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AIM:

Total number of AIM Companies (Incl Susp):

939*

Total number of AIM Companies trading:

883*

*as at close of business  9 May 2018

Standard List**  of Main Market:

Total number of Standard List Companies

(Incl Susp):

136*

Total number of Standard List Companies trading: 

123*

*as at close of business  9 May 2018

NEX Growth Market:

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

86*

Total number of NEX Growth Market Companies trading:

84*               

*as at close of business  9 May 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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Breakfast Buffet

Tharisa (LON:THS) 108p £281m

 “Tharisa has acquired a 90% shareholding in Salene Chrome Zimbabwe (Pvt) Limited ("Salene") at the par value thereof from the Leto Settlement Trust ("Leto"), a related party being the beneficial shareholder of Medway Developments Limited, a material shareholder in Tharisa.  The effective date of the acquisition is 15 May 2018.  Leto will retain a 10% free carried shareholding in Salene and be entitled to a 3% royalty on the gross proceeds from the sale of the chrome concentrates produced.  Salene has been awarded three special grants under the Zimbabwe Mines and Minerals Act covering an area of approximately 9 500 hectares (95 km2) on the eastern side of the Great Dyke in Zimbabwe, which entitles it to mine the minerals thereon including illuvial chrome, being at surface chrome fines generated from seams as a result of weathering.”

 

Best of the Best  (LON:BOTB) 218p £21.95m

 FYApr18 update from  the organiser of weekly competitions to win dream cars and other luxury prizes .  Profit before tax comfortably in line with management's expectations.

“The Board is also pleased to report that revenue attributable to online sales continues to grow in accordance with the Company's stated strategy to move away from physical sites at airports and retail locations.

To complement the well-established weekly Dream Car competition and to appeal to a wider audience, the Company has enhanced its weekly Lifestyle competition to include an extended range of watches, motorbikes and other items such as exclusive bicycles, water craft, consumer technology items and luxury holidays.”.

FYApr18E rev £12.74m and PBT £1.37m.

 

Mortgage Advice Bureau (LON:MAB1) 620p £314.88m

AGM statement from one of the UK's leading consumer intermediary brands and specialist Appointed Representative Networks,

"Adviser numbers have continued to grow since our final results statement on 20 March 2018 and had increased to 1,116 advisers as at 11 May 2018.  Organic recruitment has been in line with the Board's expectations and we expect new business recruitment to be weighted again to the second half of the year.

MAB welcomes the recently published Interim Report from the FCA on their Mortgage Market Study, which reported that the mortgage market is working well in many respects, but highlighted the importance of developing tools for consumers to better compare different mortgage deals, the potential for intermediaries to offer execution-only sales and also the need to make it easier for consumers to assess the relative strengths of intermediaries.”

FYDec18E rev £127.13m and £16.35mPBT.

 

Sosandar  (LON:SOS) 16.05p £17.14m

“The online women's fashion brand, is pleased to announce that it expects full year revenue for the year to 31 March 2018 to be no less than £1.34m, with like for like sales for the 6 months ending 31 March 2018 showing a 268% increase against the prior year.

Record monthly revenues were achieved in March 2018, and substantial momentum has continued into the new financial year.

This strong growth reflects the impact of the Company's successful marketing campaigns, increased brand awareness and illustrates the benefits of the investment into a variety of new marketing channels, the most successful of which has been direct mail. Demonstrating the growth in brand awareness, Facebook and Instagram followings have increased by 181% and 888% respectively.”

We could see no forecasts,

 

Falanx Group (LON:FLX) 5.55p £14.15m

“The global cyber security and intelligence provider, is pleased to announce it has secured new contract wins worth approximately £0.9m of new revenue since the completion of the acquisition of First Base at the end of March 2018, and the impending release of our next generation of cyber security technology.”

“Falanx is currently negotiating contracts with several highly advanced MidGARD sales opportunities within sensitive elements of the UK Government and the commercial sector for the protection sensitive data, with a prospective total contract value of approximately £700,000. “

Technology being upgraded to appeal to larger organisations. have little or no appetite to outsource their security requirements to a managed service.   We could see no forecasts.

 

Webis Holdings (LON:WEB) 4.1p £16.13m

“The Board of Webis, specializing in licensed pari-mutuel pool wagering and the operators of WatchandWager Cal Expo - the Californian harness track, welcomes Monday's landmark Supreme Court ruling which paves the way to legalizing wagering on sports in the United States, subject to individual State legislation. While the ruling will not have an immediate impact on revenue levels until individual State legislation is in place, the Board considers the announcement as a positive boost for our US operations. Draft legislation is in preparation in up to seventeen US states, most importantly including California, which dwarfs the other states in terms of population and gross domestic product. 

WatchandWager has been the licensed operator of WatchandWager Cal Expo Racing in Sacramento, California since 2014.  It is one of the few Advance Deposit Wagering ("ADW") companies to conduct both live pari-mutuel racing and on-line wagering services”

 

Beowulf Mining (LON:BEM) 5.5p £29.5m

£1.5m subscription at 5p from the mineral exploration and development company focus­ed on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland.

The funds will be used for general working capital purposes and to support activities across Beowulf's three main business areas, which are graphite exploration, the Åtvidaberg exploration licence, and Kallak .

 

Blue Prism Group (LON:PRSM) 1,546p £1bn

The specialist “in Robotic Process Automation ("RPA"), is pleased to announce a pre-close Trading update in respect of the six months ended 30 April 2018.

The business started the year strongly and has continued to generate strong sales momentum in the first half of the financial year, driven by customer wins and strong upsells with existing customers through our global partner ecosystem.

During the first half, the Group secured 559 software deals; of which 223 were new customers, 298 were upsells to existing customers and 38 were renewals. Given this commercial progress, the Board now expects to report revenue for the year to 31 October 2018 comfortably ahead of current consensus expectations and an adjusted EBITDA loss broadly in line with current consensus expectations.” FYOCT18E rev £50.2m and £24.8m pre-tax loss.

 

Baron Oil (LOB:BOIL) 0.52p £7.23m

Baron Oil (AIM: BOIL) is pleased to announce that it has been informed by Corallian Energy Limited, as operator of UK Seaward Production Licence P2235 (UKCS Block 11/24b), that the Oil & Gas Authority ("OGA") has approved the assignment to the Company of a 15% interest in this licence, which contains the Wick Prospect.

Malcolm Butler, Chairman & CEO of Baron Energy PLC, said:

"This approval enables Baron to formalise its 15% interest in the licence holding the Wick Prospect and become a full voting party under the Joint Operating Agreement, which is now being prepared and will govern operations on the licence."

 

Asiamet Resources (LON:ARS) 11.75p £109m

Maiden Mineral Resource Estimate for the BKZ Polymetallic  deposit .

·      Upper Polymetallic Zone Inferred Mineral Resource comprises: o  High Grade Domain - 750,000 tonnes at 8.0% Zinc, 3.4% Lead, 50g/t Silver and 0.35g/t Gold containing 132Mlbs zinc, 57Mlbs lead, 1.2Moz silver and 8,400oz gold at 4% Zn cut-off grade

o  Low Grade Domain - 590,000 tonnes at 1.6% Zinc, 0.5% Lead, 13g/t Silver and 0.15g/t Gold containing 20 Mlbs zinc, 7Mlbs lead, 247Koz silver and 2,800oz gold at 1% Zn cut-off grade

·      Lower Copper Zone Inferred Mineral Resource comprises:

o  High Grade Domain - 1.1M tonnes at 1.1% Copper and 13g/t Silver containing 26Mlbs copper and 460,000 ounces silver at a 0.5% copper cut-off grade.

 

Plenty of potential exploration upside

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