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AIM:
Total number of AIM Companies (Incl Susp):
941*
Total number of AIM Companies trading:
888*
*as at close of business 19April 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 19April 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 19April 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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What’s cooking in the IPO kitchen?
AIM
KRM22, a closed-ended investment company with a particular focus on risk management in capital markets, is looking to join AIM. Offer tbc, expected 30 April 2018
Serinus Energy -international upstream oil and gas exploration and production company. Its principal assets are located in Romania (development phase) and Tunisia (production phase). Raising c.£10m. Offer TBA. Due mid May.
Main Market Premium Listing
Avast, global cybersecurity provider with 435m users worldwide. In 2017, the Group's Adjusted Billings was $811 million, Adjusted Revenue was $780 million, Adjusted Cash EBITDA was $451 million. Seeking to raise $200m. Due in May.
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 03 May.
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
United Oil & Gas (LON:UOG) 4.55p £10.57m
Conditional £2.5m placing and subscription at 4.25p.
The Proceeds will primarily be used as follows:
£1m for the Corallian drilling costs in relation to the development of the Colter exploration well in the UK under the farmout agreement with Corallian.
£1.1m for the 3D Seismic work on Colibri Project under farm-in agreement with Tullow Jamaica.
The remainder together with the existing cash resources of the Company of approximately £1.2m will be used for general working capital, transaction expenses and other contingencies.
ECR Minerals (LON:ECR) 0.9p £2.23m
“ECR Minerals plc is pleased to announce that the Company's wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has acquired 100% ownership of the Creswick gold project in central Victoria, Australia. The project is considered highly prospective for gold mineralisation hosted within the Dimocks Main Shale, which extends over a 15 km trend from the mining centre of Ballarat to the south, including approximately 3 km within the Creswick project area.
The Creswick exploration licence (EL006184) has been transferred by the previous holder with no consideration payable by ECR or MGA. The expiry date of the licence is 28 Dec 2021. There was no profit or turnover attaching to the asset and there was no book value at acquisition.” The Dimocks Main Shale The DMS is the source of much alluvial and deep lead gold. Historical alluvial production is estimated at up to 2.5 million ounces in the Creswick/ Berry lead system, and up to 11 million ounces in the Ballarat area as a whole, of which the DMS is a significant contributor.
IronRidge Resources (LON:IRR) 22.75p £64m
The joint venture earn in arrangements with Joy Transporters Limited for the Saltpond and Cape Coast projects are now unconditional.
The arrangement provides IronRidge with additional highly prospective tenure adjoining a compelling lithium portfolio with drill ready targets now covering some 645km2 in Ghana, West Africa. The expansion further complements the Company's lithium portfolio in neighbouring Cote D'Ivoire.
The newly acquired licenses are adjacent to the Ewoyaa prospect where earthworks are currently underway and drilling imminent, within the broader Cape Coast Lithium Project area in Ghana, West Africa.
Joy Transporters satisfies all earn-in agreement terms to successfully ratify the joint venture with IronRidge.
Access rights secured to a granted exploration licence and application covering an additional 318km2.
Large-scale regional soil sampling programme consisting of 15,000 samples on a 100m x 100m grid has commenced over the Saltpond license to identify additional pegmatite targets.
Sigma Capital (LON:SGM) 118p £105m
“Sigma, the PRS [Private Rented Sector], residential development and urban regeneration specialist, is pleased to announce the acquisition of three PRS development sites in the new financial year to date. The three sites, which are located in the North West and West Midlands, are expected to deliver an additional 214 new rental homes at a total gross development cost ("GDC") of c. £31.0m.
The acquisitions are in line with Sigma's strategy of self-funding PRS development sites, with The PRS REIT plc ("PRS REIT") retaining exclusive access to acquire completed sites. The three sites will be developed through Sigma's PRS delivery platform, with Countryside Properties undertaking construction. Construction is expected to be completed in 2019.
In addition to these three newly acquired sites, Sigma has four sites currently under construction for the PRS REIT's initial acquisition portfolio with a GDC of c. £38.0m”. FYDec18E rev £16.69m, PBT £14.12m.
The “owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva Vodka, is pleased to announce that another leading pub chain with national coverage has listed RedLeg Spiced Rum for its outlets, further increasing the brand's presence and availability throughout the UK.
We are also pleased to report continued strong growth in sales volumes and revenues during the fourth quarter (January - March 2018). Unaudited year-on-year fourth quarter revenues rose by 28% and volumes grew by 37%. Growth in volumes ahead of revenues reflect the continued growth in Licensed sales for Blavod Black Vodka, mainly through Europe and Duty free.
The Company anticipates full year performance for year ended 31 March 2018 to be in line with market expectations and we look forward to reporting our audited full year results in June 2018.”
FYMar18E rev £2.06m and PBT £0.15m.
SDX (LON:SDX) 57.5p £117.6m
“The North Africa focused oil and gas company, announced that a conventional natural gas discovery has been made at its LNB-1 exploration well on the Lalla Mimouna permit in Morocco (SDX 75 %). The LNB-1 well was drilled to a total depth of 1861 meters. The primary target was in the Lafkerena sequence, where 300 meters of gas bearing horizons were encountered in a significantly over-pressured section. The mudlog obtained through the section showed elevated gas readings of more than 20% with multiple sections above 50%. This section could not be logged using conventional methods due to hole conditions. The gas shows in this section contained heavier hydrocarbon components throughout, which is indicative of a thermogenic hydrocarbon source rock. These types of shows have not been seen to date in other parts of the basin and indicate that a new petroleum system has been encountered in this area.” “Un-risked mid-case volume of 10.2 Bscf of conventional natural gas and 55 thousand barrels of condensate.” “Significantly larger than the traps typically encountered in Sebou and would exceed the size required to justify development and connection to the existing infrastructure in the Sebou area”.
Symphoney Environmental (LON:SYM) 20.5p £31.2m
Michael Stephen, Deputy Chairman of Symphony Environmental Technologies plc was interviewed on Sky News yesterday in response to the announcement that the UK Government are considering banning single use plastic items such as plastic straws, stirrers and cotton buds.
Michael was asked 'does this Government initiative go far enough?' He replied that there has been concern for a long time that conventional plastic can lie or float around in the environment for many decades, and that it breaks down into microplastics, but plastic could now be upgraded with oxo-biodegradable technology (OBP) which will make the plastic degrade and biodegrade, if it escapes into the open environment as litter. It will then be recycled back into nature by the micro-organisms which live on land and in the oceans. It can be made in plastics factories with their existing machinery and workforce at little or no extra cost.”
FY Dec 18E rev £9m. PBT £o.6m
Mobile Streams (LON:MOS) 1.4p £1.3m
£105k subscription at 1.15p. The Subscription Price represents a discount of approximately 17.9% to the closing bid price of price of 1.40 pence per share on 19 April 2018.
The net proceeds of the Subscription will be used for product development and enhancement as well as creating new content in order to assist the Company to reduce customer churn and increase the number of paying subscribers. In addition, the additional funding will provide greater flexibility in venturing into new markets and territories.
We could see no forecasts.
Kefi Minerals (LON:KEFI) 2.65p £8.8m
“The gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to announce that in connection with the Company's Tulu Kapi gold project in western Ethiopia, the joint committees of the Company and the Ethiopian authorities have now triggered the formalisation of the resettlement arrangements for each of the effected individual households in the area.
KEFI will now execute its preparations for community re-settlement, which flow from new Government leadership at several levels since the appointment of the new Ethiopian Prime Minister, Abiye Ahmed.”
Omega Diagnostics (LON:ODX) 8.75p £11.1m
“The medical diagnostics company focused on allergy, food intolerance and infectious disease, announces that it has signed a global distribution agreement with Immunodiagnostic Systems Limited ("IDS") for its Allersys® range of allergy assays.
The partnership with IDS is a long-term supply agreement and the Company now looks forward to working with IDS to introduce the initial launch panel of 51 allergy tests into the market. Omega will continue to develop new assays to provide regular updates to the IDS instrument menu to increase its competitiveness by offering a broader range of tests.”
Colin King, CEO of Omega commented "I am pleased that we have finally concluded a deal with IDS to become our exclusive distributor for our Allersys® product range. Whilst we expect modest sales growth in the short term as we work together to further expand our menu, we are excited that with our development capability and IDS instrument and commercial expertise we can make a significant difference within the Allergy testing market. We believe our product offers a more flexible and efficient work-flow solution for small to mid-size laboratories." FY Mar 19E rev £17.8m. PBT £1.6m.