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Breakfast News - AIM Breakfast : Be Heard Group Falcon Media House, Premaitha Health, Avanti Communications, BOS GLOBAL Holdings, Eastern European Property Fund Limited, Great Western Mining Corporation PLC, Red Leopard Holdings, Telit Communications Plc

Published: 09:50 16 Jun 2017 BST

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What’s cooking in the IPO kitchen?

AIM QUIZ— omni-channel fast fashion womenswear Company intention to float. Due July 2017. Offer TBA

Ethernity Networks—Schedule 1 from Israeli based specialist in data processing technology used in high end carrier ethernet applications across the telecom, mobile, security and data centre markets . Expected late June. Offer TBA.

Jangada Mines—Schedule 1 advanced stage PGM exploration project containing what the Directors understand to be the largest PGM resource, as well as being the only pre-development PGM project, in South America. Offer TBA. Expected late June.

Phoenix Global Mining— US Brown field copper play. Expected late June. Offer TBA

Touchstone Exploration— Oil exploration and production company active in the Republic of Trinidad and Tobago.  Interests of approximately 90,000 gross acres. Production c. 1,300 boepd. Raising £1.45m. Expected mkt cap £7.5m. Due 26 June.

I3 Energy –Schedule 1. Independent oil and gas company with assets and operations in the UK. Offer TBC, 7 June admission 



 
 
Breakfast buffet

Falcon Media House (LON:FAL) 14.25p £7.9m

The Global digital media group has announced the appointment of ‘Tech Guru’ Diane McGrath to the newly created position of Global Chief Strategy Officer. The appointment will further strengthen the expertise and global relationships of the Senior team, as the business embarks on an aggressive growth strategy to revolutionise the OTT industry.  Most recently Ms. McGrath was Managing Director of Media and Technology Practice at J Streicher Co., a 105-year-old Wall Street firm in New York.  On a wider level, she has operated both independently and as part of management teams, generating over $1B for ventures and recognising and capitalising on cutting-edge media trends including social networking, gamification, virtual reality and responsive design.  We could see no market forecasts.

 

Be Heard Group (LON:BHRD) 3.57p £29.36m

The digital marketing services group’s experience, design and build partner MMT Limited has won five awards at the 2017 RAR Digital Awards. The RAR Digital Awards stand out among marketing industry awards in that they recognise digital agencies which deliver outstanding results, as voted for by clients. Competing against the best digital agencies in the UK, MMT Digital was the most awarded agency of the night. Best Software Development Agency

· Best Web Design Agency

· Best Web Development Agency

· Best Usability Agency

· Best Mobile Agency

In the last three years. The Agency has now been crowned Best Software Development Agency for four years running. C.15x forecast PE.

Eastern European Property Fund (LON:EEP) 44p £6.96m

FYDec16 results. Property held at 31 December 2016 was valued at £15.0 million (2015: £15.7 million on a like-for-like basis). Net asset value at 31 December 2016 of £14.9 million, equivalent to 95.76p per Ordinary Share (2015: £15.8 million,101.46p per Ordinary Share). The Romanian subsidiary containing the Bucharest property was sold in December 2016, generating proceeds of £1.3 million. All remaining units within the Nil Passage property in Beyoglu, Istanbul were sold during the year, generating aggregate proceeds of £0.7 million.  Two properties remain in EEP's portfolio; Markiz Passage in Istanbul and The Atrium in Sofia. They continue to be marketed for sale.

Premaitha (LON:NIPT) 10.1p £32.12m

The international molecular diagnostics group focused on non-invasive prenatal testing ("NIPT"), announced the launch of Sage™, an NIPT solution incorporating additional prenatal screening analysis tools.

Sage™ is an advanced NIPT analysis solution, available through Yourgene Bioscience Singapore ("Yourgene"), which was acquired by Premaitha in March 2017. It uses the latest technology to detect placental DNA in a maternal blood sample, enabling pregnant women to get fast, safe and reliable test results whilst reducing the number of women required to undergo invasive follow up tests with the associated risks.

Great Western Mining (LON:GWMO) 1.415p £5.5m

The gold, silver and copper exploration and development company  has raised £1.15m gross at 1.25p.  The net proceeds of the Placing will provide the Company with additional working capital to bring forward Resource Drilling on the Company's M2 Sharktooth Exploration Target. Warrants to subscribe for 4,600,000 new Ordinary Shares at a price of 1.75 pence per Ordinary Share, exercisable within 3 years from the date of admission of the Placing Shares, have been issued in connection with the Placing.

Red Leopard Holdings (LON:RLH) 0.31p £3.75m

The Company, focused on securing acquisition opportunities in the natural resources sector, has raised £300k gross at 0.3p.  The net proceeds from the Subscription have been raised to assist in meeting the costs associated with pursuing acquisitions in accordance with the Company's current strategy.

Commenting, Toby Hayward CEO said "I am pleased we are able to strengthen our balance sheet to ensure we have sufficient resources to cover costs associated with a possible RTO. We will update shareholders on any possible acquisition at the appropriate time."  

Avanti Communications (LON:AVN) 11.5p
£18.65m

Avanti has entered into a facility agreement with HPS1 which will provide a $100 million three-year super senior facility (the "Super Senior Facility"). The proceeds from the Super Senior Facility replaces an existing undrawn higher cost $50m debt facility and provides $50m additional new liquidity and will be used to complete the construction and launch of the Company's HYLAS 4 satellite and, subject to certain conditions, may be used to redeem or repurchase some of the Company's outstanding high yield notes. The interest rate is 7.5% p.a, versus a rate of over 10% p.a. on the facility that is being replaced.   FYJun17E rev £65m, and £86m loss.

BOS GLOBAL Hldgs (LON:BOS) 9.88p £7.28m

The software developer focused on improving productivity and creating operational efficiencies in the workplace with "Workplace Analytics", is pleased to announce that it has successfully completed the sale of its non-core, historic 75% interest in Copper Range (SA) Pty Ltd ("CRSA").  The gross proceeds received by the Company amounts to £380,000 cash.  Also:·         BOS GLOBAL will be attending the HR & Workforce Analytics Summit being held in San Francisco 19-20 June 2017, and   the Company will be a Platinum Sponsor of the Big Data Summit (www.bigdatasummit.co) to be held at the Melbourne Convention Centre in Australia, 20-22 August 2017. 

Telit Comms (LON:TCM) 321.75p £408.65m

The  global enabler of the Internet of Things (IoT), has received the first purchase order from an emerging North America car OEM for its LTE Cat 6 automotive-grade module. Telit's LTE Cat 6 module, which obtained certification from AT&T in May 2017, will provide high-speed internet connectivity and is expected to start shipping to the North American market in the fall of 2017 and to other markets in 2018. FYDec17E rev £360.99m and PBT of £27.2m.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

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