Small Cap Breakfast
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AIM:
Total number of AIM Companies (Incl Susp):
935*
Total number of AIM Companies trading:
879*
*as at close of business 8 June 2018
Standard List** of Main Market:
Total number of Standard List Companies
(Incl Susp):
137*
Total number of Standard List Companies trading:
124*
*as at close of business 8 June 2018
NEX Growth Market:
Total number of NEX Growth Market Companies (Incl Susp):
85*
Total number of NEX Growth Market Companies trading:
83*
*as at close of business 8 June 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
Block Energy (LON:BLOE)— UK based oil exploration and production company whose main country of operation is the Republic of Georgia. Raising £5m at 4p. Mkt cap £10.3m. Due 11 June.
Off the menu
No Leavers Today
What’s cooking in the IPO kitchen?
NEX Exchange
Stratmin Global Resources RTO of Signature Gold a specialist Australian gold exploration company focused on the exploration and development of large-scale Intrusion Related Gold System. Offer TBA. Due 14 June. Will leave AIM under rule 41.
Sovereign Mines of Afirca PLC to be renamed The Barkby Group PLC after the acquisition of Turf to Table Ltd will join the NEX Exchange on 26 June 2018 after raising £547k at 9p with market cap of £3.42m
AIM
Anexo -specialist integrated credit hire and legal services group. Offer TBA. Due 19 June.
i-nexus—develops and provides strategy execution software to assist global enterprises in effective execution of their strategic plans and initiatives looking to jon AIM. Offer TBC, expected 19 June
Yellow Cake will use its expertise to generate value through the ownership of physical U3O8 (Uranium) together with a range of activities and opportunities connected with owning physical U3O8. Acquiring supply contract for up to $170m. Offer TBA.
Tekmar— technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services—Offshore wind farms and Oil & Gas. Revenue of £21.9m and Adjusted EBITDA of £4.9m Offer TBA
Knights Group— UK regional legal and professional services businesses. FYApr18 rev £34.9 million and adjusted operating profit was £6.8 million excluding Turner Parkinson (acquiring on IPO). Offer TBA
Aquis Exchange—a founder-led, pan-European Multilateral Trading Facility and exchange and regulatory technology developer and service provider is looking to join AIM. Offer TBC, expected 20 June.
TransGlobe Energy Corporation—an independent international upstream oil and gas company with headquarters in Calgary, Canada is looking to join AIM. No Capital to be raised, market cap of £131m. Expected 29 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.
Main Market (Premium)
Utilico Global Income— new actively managed income investment trust raising up to £100 million. Due 22 June.
Amigo Holdings—The pioneer of guarantor loans now lending c. £470m per annum. Secondary Sell down. Pricing TBA
Main Market (Specialist Funds)
StenProp—UK REIT looking to join the Specialist Fund Segment with the objective of the Company to deliver sustainable growing income to its investors. The Company is currently listed in Johannesburg with a market cap of ZAR 5,790,611,749.
Breakfast Buffet
PCG Entertainment (LON:PCGE) 0.14p £1.82m
The Company remains in discussion with Dubai based Cavitation Solutions Ltd to distribute their cavitation technology in China and elsewhere in Asia.
The IPO process for ChainZy Plc, a platform which uses Distributed Smart Ledger Technology (sometimes known as blockchain) is progressing well.
Discussions with a third party on the use of the Company's media and gambling licences for the broadcast of certain sporting events over the Internet in China continues.
Proposed fundraising of £303k at 0.15p to accelerate PCGE's business strategy and to settle amounts due to D-Beta under the Equity Sharing Facility (now terminated).
Karelian Diamonds (LON:KDR) 5.38p £1.52m
£500k placing at 4.5p plus issue of 388,889 broker warrants. £100k by directors. To fund the further advancement of the Company’s principal diamond opportunities including:
Drilling to discover the source of the green diamond recently discovered in a till sample at Kuhmo
Drilling of the Riihivaarä kimberlite which the Company has also recently discovered to test for micro diamonds; Micro diamond test work on drill core from the recently acquired Lahtojoki Diamond deposit; Undertake further till sampling to explore for diamond potential adjacent to the Lahtojoki diamond deposit; and initiate environmental studies and for working capital generally.
We could see no forecasts.
Jangada Mines (LON:JAN) 4.3p £8.39m
The natural resources company developing South America's largest and most advanced platinum group metals ('PGM') project, Pedra Branca, is pleased to announce positive results from its recent metallurgical test work initiated to establish the optimal process flow sheet for the recovery of precious and base metals including chrome.
The inclusion of magnetic separation could materially positively impact the economics of the Pedra Branca PGM project in north-eastern Brazil .
Economic studies expected to be completed imminently and anticipated to positively reflect the recent 53% increase in PGM resource to 1.45 million ounces (as announced on 15 May 2018) and results from metallurgical tests.
We could see no forecasts.
Lok’nStore Group (LON:LOK) 425p £123m
The fast-growing self-storage Company, is pleased to announce the acquisition of two new freehold sites as part of its strategy of developing landmark stores. Cardiff and Cheshunt. Total Capex of up to £15m to be funded from cash flow and existing bank facilities.
“These 2 new stores bring our total secured pipeline to 9 landmark stores. This pipeline adds 39% to owned freehold trading space and 54% to the managed store portfolio, delivering a total of 32% increase to overall trading space. “
St Peter Port Capital (LON:SPPC) 8.62p £5.86m
Final results to Mar18 from the investment company whose aim is to generate value by investing predominantly in growth companies shortly before an initial public offering or other exit event.
Highlights:
Investments in 7 companies at year end valued at £12.1m (2017: 12 companies at £16.5m)
NAV of 20.66p per share at 31 March 2018 (2017: 29.56p), down 30.1% on the year
Total of £66.2m realised since inception.
£1.3m of liquid funds.
Cost savings of c£200k achieved during the year.
We could see no forecasts.
Solid State (LON:SOLI) 312p £24.8m
“The manufacturer of computing, power and communications products, and value added distributor of electronic components, is pleased to announce it has received orders to supply power units for autonomous robots operating in cold climate conditions with a combined value of £4.3m.
Solid State was commissioned to design and supply the bespoke power units for the end customer's smart warehouses based on its knowledge of harsh environment applications for battery power solutions developed over 20 years. Working closely with the end customer and the robot manufacturer, Solid State was able to satisfy the design and durability specifications to deliver a product that will stand the demands of the modern 24/7 fast moving consumer goods fulfilment cycle.”
Ncondezi Energy (LON:NCCL) 8.5p £22.8m
Update on its process to conclude a binding Joint Development Agreement for the Company's integrated 300MW power and coal mine project in Tete Mozambique.
Integrated financial model ("FM") accepted by potential partners and the Company for submission to Electricidade de Moçambique, EP and Ministry of Mineral Resources and Energy.
Represents a key milestone in confirming the Project economics, re-starting tariff negotiations and completing the JDA process
Positive results from FM indicating Project economics can be maintained with a more than 10%* reduction in the previously agreed tariff envelope.
We could see no forecasts.
Active Energy (LON:AEG) 3.42p £35.48m
The “biomass based renewable energy and forestry management business, announces that it has signed a Memorandum of Understanding with Young Living Farms ('YLF') relating to the proposed sale and construction of its first advanced organic soil plant utilising the Company's proprietary PeatSwitch technology to create organic, environmentally friendly peat replacements for use on their first farming location in Mona, Utah. Upon completion of this facility, YLF will consider the feasibility of installing additional plants at other YLF facilities further afield.” Will generate a total cash payment of $3.4m.
Harvest Minerals (LON:HMI) 20p £27.03m
“Harvest Minerals Limited, the natural fertiliser producer, announced that it has signed a significant sales order with a Brazilian based organic fertiliser producer for an initial order of 50kt of KPfértil, Harvest's multi-nutrient natural fertiliser and remineraliser produced at its Arapua Fertiliser Project in Minas Gerais, Brazil.” "This latest sales order demonstrates the wider commercial potential of KPFértil; in that, it is going to be used as a key constituent of a blended product represents a new use for KPFértil and a new market opportunity for Harvest.”
Kodal Minerals (LON:KOD) 0.14p £9.46m
£1.5m placing at 0.13p.
The net proceeds from the Fundraising will be used to further the exploration and development programme at the Bougouni lithium project in Southern Mali
The majority of the support comes from Suay Chin, a major shareholder and Singapore registered company formed to take advantage of its extensive connections to supply the Chinese lithium market with a range of clients from acid producers to lithium carbonate producers and to the final lithium-ion battery manufacturer.
We could see no forecasts.