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Small Cap Wrap - Green Man Gaming, Verseon Corp, Smithson Investment Trust..

Small Cap Wrap - Green Man Gaming, Verseon Corp, Smithson Investment Trust..

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AIM:

 

Total number of AIM Companies (Incl Susp):

 

930*

 

Total number of AIM Companies trading:

 

863*

 

*as at close of business  05 October 2018

 

Standard List**  of Main Market:

 

Total number of Standard List Companies

 

(Incl Susp):

 

138*

 

Total number of Standard List Companies trading:

 

120*

 

*as at close of business 05 October 2018

 

NEX Growth Market:

 

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

 

89*

 

Total number of NEX Growth Market Companies trading:

 

86*               

 

*as at close of business  05 October 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

 

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Off the menu      

 

OneView Group has had its AIM quotation cancelled.

 

Vernalis has cancelled it AIM quotation after being acquired by Ligand Holdings

                                                          

What’s cooking in the IPO kitchen?

 

Main Market (Premium)

 

Sirius Aircraft Leasing Fund targeting a raise of US$250m  - objective is to provide investors with an attractive level of regular income and capital returns through investing primarily in used, single-aisle aircraft. Due early Nov

 

Smithson Investment Trust—New Fund from Fundsmith LLP  established by Terry Smith. focused on a global basis on small and medium sized companies between £500m and £15bn in market cap . Due 19 Oct.  Seeking £250m raise.

 

Main Market (Standard)

 

Eurotorg—the largest grocery retailer in Belarus  -Revenue for the 12 mths to Jun18 was BYN 4.21 bn (USD 2.13 bn); adjusted EBITDA for the same period was BYN 385.0 mn (USD 194.7 mn).  Raising $200m primary plus secondary offer. Due 11 Oct.

 

ECI Telecom— provider of comprehensive networking and data transport products and solutions. Raising c.$230m and potential sell down. Due late Oct

 

Main Market (Specialist Funds)

 

The Global Sustainability Trust -aiming for attractive risk-adjusted returns by investing primarily in private market investments that are expected to have a positive environmental and social impact raising c.£200m. Due end Nov.

 

Gresham House Energy Storage Fund  - will invest in utility-scale  Energy Storage Systems in the UK. Raising up to £200m. Due early Nov.

 

CEIBA Investments. the largest foreign investor solely dedicated to investing in Cuba, with existing total assets in excess of £160 million.  Raising up to £100m.  Due 10 Oct

 

Blue Ocean Maritime Income  - aims to generate long-term, sustainable shareholder returns, predominantly in the form of income distributions, from direct lending and similar financing opportunities to vessel owners and operators, and other maritime businesses.  Raising up to $250m. Due 23 Oct.

 

AIM

 

Summerway Capital investing company established to acquire companies or businesses which the directors of the Company believe have the potential for strategic, operational and performance improvement so as to create shareholder value. Offer TBC, market cap TBC expected 19 October

 

Admission is being sought as a result of the proposed RTO of Cambian Group plc following completion of the acquisition by CareTech a leading provider of specialist social care services, supporting adults and children with a wide range of complex needs. No raise, market cap TBC expected 19 October.

 

PetroTal (TAL.TO) - The exploration and production company focused on oil assets in Peru is seeking a secondary AIM quotation before the end of 2018.

 

Path Investments— First acquisition of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany. Seeking £10m raise. Due early Oct

 

Green Man Gaming—pure play e-commerce and technology company in the digital video games industry. revenue CAGR growth of 26.7% in the last three years to £47.5m.  Due Mid October 2018.  EBITDA Profitable. Offer TBA

 

Crossword Cybersecurity Plc* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is exploring its options in relation to a potential move to the AIM market of the London Stock Exchange which, if it were to proceed, would likely take place over the next few months.

                

Banquet Buffet

 

IMImobile (LON:IMO) 294p £192m

 

Global cloud communications software and solutions provider IMImobile PLC, today announced that one of the largest energy providers in the UK, npower, is its first client on Apple Business Chat. npower will be utilising Apple Business Chat to improve its customer experience for customers looking to switch to a smart meter.

 

Apple Business Chat is a new way for consumers to connect directly with businesses using the Messages app on Apple devices. With more than 1.3 billion active Apple devices worldwide1, Business Chat provides a significant reach and an unprecedented opportunity to create powerful and seamless messaging interactions between consumers and businesses.

 

Conroy  Gold & Natural Resources (LON:CGNR) 12.75p £3.02m

 

Further significant intersections from the ninth and tenth drill holes completed in the current drilling programme on the Company’s 100% owned Clontibret gold  deposit.

 

Significant gold intercepts and grades – Drill Holes 9 and 10

 

Drill Hole 9 • 2.0m @ 7.9 g/t Au from 38.0m

 

• 1.6m @ 4.8 g/t Au from 100.4m

 

• 2.3m @ 2.3 g/t Au from 128.7m

 

Drill Hole 10 • 3.0m @ 4.5 g/t Au from 16.5m

 

• 1.5m @ 3.2 g/t Au from 24.5m

 

• 2.9m @ 2.2 g/t Au from 76.1m  The further significant intercepts and grades bring to a successful conclusion the 10 drill hole, 1,700 metre programme at Clontibret, as the Company moves forward to demonstrate the potential size of the Clontibret – Clay Lake – Glenish gold target in the northeast of the Company’s 700km2 licence area”

 

Caledonia Mining (LON:CMC) 480p £50.9m

 

Quarterly gold production from the Blanket Mine in Zimbabwe for the quarter ended Sept 30, 2018.

 

Approximately 13,978 ounces of gold were produced during the Quarter, 10 per cent above production in the second quarter of 2018 and 3% below production in the third quarter of 2017. Gold produced for the 9 months to Sept 30, 2018 was 39,559 ounces, marginally behind the 39,710 ounces produced in the corresponding period in 2017. The improvement in production in the Quarter is expected to continue into the fourth quarter. The directors of Caledonia have taken a decision to marginally reduce and narrow the range of 2018 production guidance from 55,000 to 59,000 ounces to a range of between 54,000 and 56,000 ounces. Caledonia remains on track to achieve its production target of 80,000 ounces in 2021.

 

Circle Property (LON:CIRC) 203.75p £56.2m

 

HYSep18 update from  the specialist regional UK office investment and development company.

 

The Company's continued focus on the active management of its regional office assets, particularly the leasing of space in its redevelopment and refurbishment pipeline, has delivered strong growth in the value of its portfolio of assets during the first half of the year. As at 30 Sept 2018 the independent valuation of the Company's portfolio was £124.875m, up 12.37% on a like-for-like basis over a six month period since 31 March 2018 (£111.125m). The Company estimates an unaudited NAV of £78.7m (£2.78 per share) as at 30 Sept 2018, which represents an 87% growth in NAV since IPO in Feb 2016.

 

Erris Resources (LON:ERIS) 8.5p £2.64m

 

The European focused mineral exploration company with a portfolio of zinc and base metals projects in Ireland and gold projects in Sweden, is pleased to announce the appointment of Anton du Plessis as CEO, effective today.  The appointment follows the resignation of Merlin Marr-Johnson as a director of the Company, also today, who has elected to step down to pursue other business interests.

 

Mr du Plessis has over 20 years' experience in the finance sector.  During this time, he has held senior positions at several international investment banks including CIBC (The Canadian Imperial Bank of Commerce), Bank of America Merrill Lynch and Morgan Stanley with a focus on advising natural resources companies on the execution of strategic and financing transactions. 

 

Verseon Corp (LON:VSN) 113p £171.3m

 

Geneva-based financial services firm Neuseren S.A. announced today that it has entered into an agreement with BlockRules Ltd., a blockchain development subsidiary of Verseon. Neuseren S.A. will use BlockRules' innovative technology and services to enable international companies to issue regulated tokenized securities on public blockchains.

 

Neuseren S.A. was established to fill the growing demand for tokenized security offerings for companies seeking to expand their investor base in a manner that satisfies regulatory requirements.

 

Liontrust Asset Management  (LON:LIO) 636p £321.5m

 

 The specialist independent fund management group, today issues its half year end trading update for the six months ended 30 September 2018.

 

Assets under management were £12bn as at close of business on 30 Sept 2018 (31 March 2018: £10.5bn), an increase of 15% over the six months period

 

Net inflows of £403m in the three months ended 30 Sept 2018 and £723m for the six months ended 30 Sept 2018

 

"This has been another strong six months of sales with net inflows of £723m over this period and £403m over the past three months alone.”

 

FYMar19E PE c.13x, yield nearly 4%,

 

Norcros (LON:NXR) 203p £163m

 

HYSep18 update from the supplier of high quality and innovative bathroom and kitchen products .

 

Group underlying operating profit for the first half is expected to be in line with the Board's expectations reflecting a robust performance and continuing to demonstrate the financial resilience of the Group.

 

Group revenue for the first half is expected to be approximately £162.5m (2017: £145m), 12.1% higher than the prior year on a reported basis, 13.2% higher on a constant currency basis, and level on a like for like2constant currency basis. This performance reflected strong organic revenue growth of 4.4% in the Group, excluding the significantly lower revenue from Johnson Tiles which was anticipated and largely due to the Kingfisher unified programme as previously reported.

 

 

FYMar19E rev £332.9m and PBT £32m, div 8.4p.

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