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AIM:
Total number of AIM Companies (Incl Susp):
947*
Total number of AIM Companies trading:
898*
*as at close of business 10 April 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 10 April 2018
NEX Growth Market:
Total number of NEX Growth Market Companies (Incl Susp):
87*
Total number of NEX Growth Market Companies trading:
85*
*as at close of business 10 April 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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Main Market Premium Listing
Fundamentum Supported Housing REIT. Raising £150m. Focussed on UK Social Housing assets. Due 2 May
Vivo Energy—retailer and marketer of Shell-branded fuels and lubricants in Africa, Due in May. 100% secondary sell-down of existing Shares by Selling Shareholders, No new Money. Pricing TBA
Gore Street Energy Storage Fund—Seeking to raise £100m for the purposes of investment in a diversified portfolio of utility scale energy storage projects. Due 12 April.
Odyssean Investment Trust—Raising £100m at £1. Due 1 May. The Company will primarily invest in smaller company equities quoted on markets operated by the London Stock Exchange.
Breakfast buffet
Range Resources (LON:RRL) 0.233p £17.09m
Colombia update. Range has reached an agreement with Agencia Nacional de Hidrocarburos in Colombia to settle all outstanding claims and disputes between ANH and the consortium of Optima Oil Corporation and the Company.
ANH had served a demand notice to the Consortium seeking payment of approximately $53m and had alleged that its actions were a result of various exploration work commitments not being fulfilled and the presentation of invalid letters of credit.
ANH confirms that Range (and the Consortium) has no liability for any payments or debts;
All proposed penalties have been lifted;
The Consortium agrees to waive all potential claims against ANH; and
The Consortium agrees to the termination of the 3 exploration licences (PUT-5, VMM-7 and VSM-1).
European Metals (LON:EMH) 20p £27.99m
Appointment of Neil Meadows as COO (non-board). Neil has previously held the position of COO at Karara Mining Ltd, Managing Director of IMX Resources Limited and worked with the Australian Premium Iron Ore Joint Venture on mine infrastructure. Prior to that, he was the COO of Queensland Nickel Pty Ltd, subsequent to the sale of the business by BHP and was previously the General Manager of the Yabulu Refinery site for BHP. Prior to that he was the General Manager at the Murrin Operation for Minara Resources Ltd, a position he held for almost five years.
EMH is deeking to develop Cinovec in the Czech republic, Europe’s largest lithium deposit in Europe, the fourth largest non-brine deposit in the world and a globally significant tin resource.
Landore Resources (LON:LND) 1.35p £14.12m
Technical Report on the Mineral Resources Estimates on its Junior Lake Property, Ontario, Canada for the Bam East Gold Deposit, B4-7 Nickel-Copper-Cobalt-PGE Deposit, and the VW Nickel-Copper Deposit.
BAM East—Indicated 7.4m tonnes at 1.37 g/t. Inferred 1.7m tonnes at 1.39 g/t.
“Opinion that, overall, there is excellent exploration potential to expand the limits of the BAM East Gold Deposit and to discover zones of additional gold mineralization along the Junior Lake Shear Zone.
Current drilling has outlined gold mineralization at BAM East and the BAM Gold Deposit, but the area in between remains largely untested. In-fill drilling has the potential to expand, and possibly connect, these two areas and establish additional mineral resources. The BAM East Gold Deposit remains open down dip, providing additional exploration potential to target in future drill programs on Junior Lake.”
Byotrol (LON:BYOT) 2.85p £11.48m
FYMar18 trading update from the anti-microbial technology company.
Following a further commercial agreement with Solvay, the Company expects EBITDA for the year to 31 March 2018 to be in line with market expectations.
The Agreement relates to the ongoing Actizone surface care project and involves a sale by Byotrol to Solvay of Actizone patents and intellectual property, in return for:
substantial cash payments in financial years ending March 2018 and March 2019;
an ongoing royalty on all Solvay Actizone sales thereafter, with minimum guarantees in years ending March 2020 and 2021;· a further payment in early 2022 should Solvay sales exceed certain sales targets in 2021; and
Byotrol retains the ongoing rights to sell Actizone technologies in finished product form.
In the US 50 of 52 states have formally approved Byotrol's EPA-registered, long-lasting anti-microbial surface sprays
FYMar19E rev £6.6m and PBT £0.9m.
easyHotel (LoN:EZH) 111p £162m
HYMar18 trading update.
“The Group has continued to significantly outperform the budget market over the course of the period.
Total system sales up 33.6% to £16.10m (31 March 2017: £12.05m)
Owned hotels Revpar up 11.2% to £36.60 (31 March 2017: £32.90), and have outperformed their competitive set by 11.7% (source: STR Global)
Like-for-like revenue for franchised hotels increased by 13.5%
Period openings increase the Group's footprint to 2,430 rooms across 27 hotels in 18 Cities.
Today easyHotel announces that it has agreed to acquire the freehold of a central site in the historical city of Chester for the development of a new-build 109-bedroom hotel. The acquisition is subject to planning permission. All in cost c. £7m.
SRT Marine Systems (LON:SRT) 23.25p £29.7m
FYMar18 trading update from the global provider of maritime tracking, monitoring and management systems.
The company expects to report a 22% year on year increase in revenues to £13.5m, and PBT and exceptional items of £1.3m which is broadly in line with market expectations.
“These results reflect the excellent progress we have made across all our business operating segments, in particularly our systems business which saw some significant milestone deliverables completed for an Asian project which we will provide more detail on in due course."
FYMar18E rev £15m, PBT £1.5m.
Volex (LON:VLX) 64.3p £58.03m
FYApr18 update from the global provider of cable assemblies.
“Trading in line with expectations. Full-year sales expected to show a modest return to growth reversing the trend of a sales decline seen over the previous 3 years
Excluding sales to our largest power customer, full year-sales expected to grow by 5%
Successful diversification in revenue - top 3 customers now account for 38% of sales, as compared with top 3 customers accounting for 47% of sales 3 years ago
Net cash at the year-end of $9.9m an increase from the $5.8m reported at the half year. “
FYMar18E rev £$237.38m and $7.07m PBT.
BCA Marketplace (LON:BCA) 180.8p £1.4bn
Trading update from UK and Europe's market leading digital and physical used vehicle marketplace and automotive service provider trading statement. The positive outlook reported in the Interim Results of 28 November 2017 has continued during the second half of the financial year culminating in a strong trading performance for the full year. As a result the Business has traded ahead of market expectations with strong profit growth and with a net debt position lower than market forecasts. The Remarketing businesses have been successful in winning a number of new contracts along with continuing contract renewals. The UK's leading buyer of vehicles, webuyanycar.com, continues to succeed and grow as the number one company of choice in its sector for consumers. “ FYMar18E rev £2.3bn PBT £109.5m Peg 15x.
ProPhotonix (LON:PPIX) 8.5p £5.85m
“The high technology designer and manufacturer of LED illumination systems and laser diode modules, with operations in Ireland and the United Kingdom, today announces that its COBRA MultiSpec LED line light, released in 2017, was recognized by the judges of the annual Vision Systems Design Innovators Awards program. The judging panel consisted of esteemed experts from system integrator and end-user companies.
COBRA MultiSpec is available with up to 12 wavelengths making it ideal for multispectral and hyperspectral imaging applications across a wide range of industries including counterfeit currency and pharmaceutical detection, food sorting, mineral identification and sorting, material identification for recycling, and many other applications.”
Arena Events Group (LON:ARE) 50p £58.58m
FYDec17 results from the provider of temporary physical structures, seating, ice rinks, furniture and interiors.
Group revenue increased by 18% to £109.6m (2016: £93.2m)
Adjusted EBITDA grew by 25% to £10.6m (2016: £8.5m)
Adjusted Earnings increased to £4.0m (2016: £1.2m)
Year end net bank debt £11.5m (2016: £30m)
Final dividend of 0.9p per share proposed, to bring total dividend for the year to 1.35p per share
“We have started 2018 with the delivery of two value accretive acquisitions, a strong pipeline of future acquisitions, combined with a healthy first quarters trading. “
FYDec19E rev £115.3m, PBT £7.2m.