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AIM:
Total number of AIM Companies (Incl Susp):
940*
Total number of AIM Companies trading:
884*
*as at close of business 18 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 18 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 18 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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What’s cooking in the IPO kitchen?
AIM
Block Energy— UK based oil exploration and production company whose main country of operation is the Republic of Georgia. Raising £4m. Mkt cap £9.3m. Due early June.
Codemasters Group— video game developer and publisher, specialising in high quality racing games. Offer TBA. Seeking £15m in primary. Due 1 June.
Strongbow Exploration (TSX:SBW) intends to dual list on AIM. Holds rights to the South Crofty underground tin mine, a former producing tin mine located in the towns of Pool and Camborne, Cornwall . The project is estimated to require the Company to raise £25 million over the next 18 months to progress to a production decision. Offer TBS. Due June.
Maestrano Group, a software company with operations in Australia (main country of operation), the UK, US and the UAE, is looking to join AIM. Offer TBC, expected late May.
Yew Grove REIT—newly formed Company will pursue its investment objective by investing in a diversified portfolio of Irish commercial property. Offer TBA. Due Late May
Team17 Group -video games label and creative partner for independent developers. 2017 revenues of £29.6m and Adjusted EBITDA of £12.9m. Raising £45.1m primary and £62.5m secondary at 165p. Mkt Cap £216.6m. Expected 23 May 2018
Main Market (Standard Listing)
Predator Oil & Gas Hldgs—focused on developing Enhanced Oil Recovery onshore Trinidad using carbon dioxide injection and exploration and appraisal offshore Ireland . Raising £1.3m at 2.8p. Mkt cap £2.8m.
On the horizon (speculative and rumoured IPOs)
GEMS Education- Press report s that the Dubai-based education provider may announce plans as early as this week to list in London, rebuffing interest from a private equity firm for a stake in the school operator backed by Blackstone Group LP.
Breakfast Buffet
GetBusy (LON:GETB) 37.5p £18.15m
AGM Statement from the developer of document management and productivity software products. Trading for the four months to 30 April 2018 was in line with the Board's expectations as the Company built on the strong progress achieved during 2017 . Recurring revenue grew over 20% compared to the same period in 2017 while total revenue grew 17%, both on a constant currency basis. Gross margins have been consistent with 2017. At 30 April 2018 the Group had net cash of £2.7m.
"The drive for cost- and process-efficiency within our target markets, together with the continued tightening of international data regulations exemplified by GDPR in the European Union, creates a favourable environment for our products and the Group is well-placed to capitalise on the opportunity." FY Dec18E rev £10.3m and EPS 2.6p.
Location Sciences Group (LON:LSAI) 0.03p £3.99m
The “mobile location data and intelligence expert, is pleased to announce that, based on orders already signed, the Company believes that management's H1 2018's revenue expectations have been met.
The growing demand for accurate mobile location data has led to an influx of client wins and orders for H1 2018, in particular for the Company's online to offline and Out Of Home media advertising products. Furthermore, the Company's new location verification product is ahead of schedule and already being tested by clients. The Directors believe that location verification, with its immediate value proposition for both brands and media agencies, will become an increasingly large part of location sciences as this market grows in the UK and Europe.”
FYDec18E rev £0.67m and pre-tax loss £1.5m.
Polarean Imaging (LON:POLX) p £m
“Polarean Imaging, the medical-imaging technology company, with a proprietary drug-device combination product for the magnetic resonance imaging (MRI) market, announces the delivery of the latest model of Polarean's Xenon polariser to the Center for Pulmonary Imaging Research at the Cincinnati Children's Hospital Medical Center ("Cincinnati Children's"). The Company holds a Small Business Innovation Research ("SBIR") grant with the Cincinnati Children's, which was awarded by the National Heart, Lung and Blood Institute ("NHLBI") in April 2017.” A key focus of the collaboration is to lead the field of paediatric pulmonary imaging through advanced imaging techniques and multi-nuclear capabilities, including hyperpolarized Xenon-129.
Mountfield Group (LoN:MOGP) 1.78p £4.5m
“The Directors of Mountfield Group Plc are delighted to announce that one of MBG's principal clients has awarded it three new contracts with aggregate value of £2.4m as a further stage in the upgrade to the operational infrastructure of its property estate.
The contract works will commence immediately and are expected to be completed in this current financial year.
MBG has seen the value of orders from this client increase in value by 260% from 2016 to 2017 and in 2018 the client has placed orders with a value in excess of £4m which exceeds of the value placed in 2017. The Directors of Mountfield expect additional orders will be placed by the same client before the end of this financial year.”
We could see no forecasts.
Produce Investments (LON:PIL) 164p £42.8m
The operator in the fresh potato and daffodil sectors, has updated on trading. The adverse weather (highlighted in March) “presented significant challenges both to planting of our early season potato crops in Cornwall and Jersey and also to the harvesting of our daffodil crop.” “
As a result of these factors, as well as the previously flagged lower margins on 2017 UK potato crops and reduced seed volumes and margins due to an oversupplied UK market, the Board now expect the Group's profit for the year ending 30th June 2018 to be substantially below current market expectations.” The Group remains cash generative and is committed to its long term strategy of widening both its product base and customer base, creating a more diverse business model for the future.
FYJun18E rev £204.33m and PBT £9.33m.
Applied Graphene Materials (LON:AGM) 45.49p £22.49m
“Applied Graphene Materials, the producer of specialty graphene materials, announced that James Briggs Limited ("JBL"), a leading independent chemicals business, intends to bring a new range of aerosol paint primers containing AGM's graphene to market during the last quarter of 2018.
Due to the outstanding results achieved in coating properties through the incorporation of AGM's graphene Genable® dispersion into their paints JBL anticipates extending the use of graphene technology into other product lines within their range.
FYJul18E rev £0.6m and £4.3m pre-tax loss.
Nostra Terra Oil & Gas (LON:NTOG) 4.2p £5.7m
Ops update from the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt .
Highlights:
Total net revenue generated across Nostra Terra's US assets from Jan to April 2018 has been $0.76m.
Net revenue during April alone was $0.24m, a new monthly record for the Company
Total gross production across Nostra Terra's assets during April 2018 was 5,743 barrels of oil (191 bopd gross, 125 bopd net to Nostra Terra)
Total production at Pine Mills during April 2018 was 3,890 barrels of oil (130 bopd gross, 101 bopd net to Nostra Terra)
Total production across Nostra Terra's Permian Basin assets was 1,853 barrels of oil (62 bopd gross, 24 bopd net to Nostra Terra)
Forbidden Technologies (LON:FBT) 5.11p £9.22m
Forbidden Technologies plc, the developer and seller of the Blackbird® cloud video platform, has established a technology alliance with Veritone.
Under the new alliance, Forbidden will integrate its revolutionary Blackbird codec and cloud video platform with Veritone aiWARE™, an Operating System for Artificial Intelligence (AI). Application developers, such as Forbidden Technologies, can quickly integrate their applications with aiWARE and immediately inherit the ability to recognise languages, faces, objects and logos from audio and video files. By adopting the aiWARE operating system, which is constantly growing in the depth and breadth of its cognitive processing power, applications will automatically improve the speed and accuracy of their offering, providing continuous value for their users.
San Leon Energy (LON:SLE) 28.9p £144.6m
“San Leon Energy plc, the company focused on oil and gas development and appraisal in Africa and Europe, notes a media article in the Nigerian press which makes reference to a summons having been served on the Company and certain other entities by SunTrust Oil ("SunTrust") in relation to a purported claim by SunTrust over the purchase by the Company of an indirect interest in OML 18.
San Leon can confirm that none of the Company, its subsidiaries or legal counsel have received any such summons to date and neither are they aware of the existence of any such summons.”