Dish of the day
StenProp LON:STP —UK REIT has joined the Specialist Fund Segment (MAIN) with the objective of the Company to deliver sustainable growing income to its investors. Introduction only. Mkt cap c.£340m.
Simec Atlantis Energy—formerly Atlantis Resources — AIM RTO— owner of the 393MW Uskmouth power station in Newport, South Wales . 220MW of capacity at the power station will be converted by the Company to use a waste derived energy pellet as the fuel source for power generation. Raising £20m at 35p. Mkt cap c.£128.2m. SAE.L
Off the menu
No Leavers Today
What’s cooking in the IPO kitchen?
NEX Exchange
GoTech Group– AIM shell moving to NEX. the Company’s Investment Strategy will be to initially effectively become a UK, Canadian and Australian-focused medicinal cannabis and related products’ index tracker and investor. Due 25 Jun.
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
RA International is a leading provider of services to remote locations in Africa and the Middle East looking to join AIM raising £18.8m and 56p, market cap of £97.2m. Expected 29 June
Cake Box Holdings—franchise retailer of cakes with a growing store base across the UK looking to join AIM, Offer tbc, expected late June
Mind Gym. Behavioural science business that uses scalable proprietary products to deliver human capital and business improvement solutions to large corporations. Offer TBA. Due 28 June
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. £61.8m raised at 130p. Mkt cap c.£65m. Due 20 June.
Knights Group— UK regional legal and professional services businesses. FYApr18 rev £34.9m and adjusted operating profit was £6.8m excluding Turner Parkinson (acquiring on IPO). Offer TBA, expected 29 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)
Ashoka India Equity Investment Trust—Target raise £100m. India focussed high conviction, long-only IT. Due mid July.
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 (Standard)
Argo Blockchain. UK-based provider of cryptocurrency mining services. Looking to raise £20m. Offer TBA. Its main operations went live on 11 June 2018. Offer TBA.
Main Market (Specialist Funds)
Tritax EuroBox raising up to £300m. “Will provide an opportunity for investors to gain exposure to a portfolio of well located Continental European logistics real estate assets” . Due 9 July.
Breakfast Buffet
China Nonferrous Gold (LON:CNG) 7.4p £28.3m
“The mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to announce that the Company has authorised its subsidiary, Kryso Resources Limited, to enter into a new supplementary consultancy contract for the construction of tailing ponds with China 15th Metallurgical Construction Group Co., Ltd, the former contractor of the tailing-pond project, due to material changes to the planned flotation tailing ponds in the construction site. China Nonferrous Metals International Mining Co., Ltd will no longer act as the agent for the Company regarding the contract.” It is no longer necessary for CNMIM to act as agent for CNG as Kryso Resources Limited is familiar with the contract and this simplification is expected to create cost and contract performance efficiencies.
Imaginatik (LON:IMTK) 0.55p £1.24m
“Imaginatik, the leader in corporate innovation management according to Forrester Research, has released a major update to its industry-leading Innovation Central software, empowering enterprises to maximise their ROI from breakthrough and continuous innovation programs. Featuring a significantly enhanced mobile experience, the Spring 2018 release, enables today's enterprises to bring innovation practices to the front-lines of the organisation by providing direct on-the-go access to ideation activities.”
Audioboom Group (LON:BOOM) 2.5p £25.4m
The spoken word audio on-demand platform, announces three exclusive commercial agreements with leading international ad sales networks, which will significantly expand the Company's global reach and revenue generating opportunities.
These partners will leverage Audioboom's established back office technology and data analytics, serving the networks and media sales agencies with content to drive revenue from programmatic and in-read advertising. The Podcast Exchange, focuses on the Canadian region and makes Audioboom the first podcast platform to partner with this network. The second agreement targets the Australian and New Zealand markets through Placard Media. Thirdly DAX, the world's largest, most advanced programmatic advertising platform, available in the UK, US, France and Germany.
Crossword Cybersecurity (AQSE:CCS) 340p £13.6m
Firstly a huge congratulations to Crossword Cybersecurity for winning the NEX Exchange Company of the Year !
“Further to our announcement dated 15 May 2018, Crossword Cybersecurity Plc, the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce the appointment of Mary Michelle Dowd to Crossword's Board of Directors as Finance Director pursuant to the Board Meeting dated 14 June 2018”.
Ebiquity (LON:EBQ) 66.5p £47.88m
The “independent marketing and media consultancy, announces it has joined the Marketing Mix Modelling Program of Snapchat Inc, the global multimedia messaging app, to allow clients to access and analyse a greater granularity of data in order to better understand Snapchat's effectiveness at driving engagement and ROI.
Following the successful launch of Snapchat's MMM Partnership in the US last year, Ebiquity recognised the need for enhanced, accurate data analysis and the most up to date measurement capability for brands in order for them to form, evolve and evaluate their digital marketing strategies.” PE< 8x
Inspiration Healthcare (LON:IHC) 72.5p £22.23m
AGM statement from the global medical device company. "We were delighted to post revenues of £15.5m for the year ended 31 January 2018 and deliver the Group's fifteenth consecutive year of revenue growth. Additionally, we recorded an Operating Profit of £1.2m, slightly ahead of expectations. All of which was achieved in an evolving and increasingly challenging medical devices regulatory environment.”
Significant delays we have experienced in obtaining an updated Quality Management System certificate and a CE Mark approval for our upgraded Patient Warming System from our Notified Body. Now received. “We will now endeavour to make up for lost time and minimise the impact of the delay through putting in place a number of cost saving measures across the Group.” FY Jan 19E rev £16.84m, PBT £1.25m.
Live Company Group (LON:LVCG) 48.75p £26322m
Extension of the contractual arrangements between BLI and HiBrick and BLW in South Korea, ensuring event output until 31 Dec 2022. “Our relationship with our partner in Korea has been fundamental to the growth of the business. HiBrick's investment in the business has led to Mr Kim becoming the second largest shareholder in LVCG and so we are delighted that we are announcing an extension of his agreement. HiBrick has also been fundamental to developing the educational elements of bricklive in Asia”.
Velocity Composites (LON:VEL) 65p £22.4m
“Award to supply its composite material kits to a new customer based in continental Europe. The customer is a Tier 1 manufacturer of component parts for the Leading Edge Aviation Propulsion ("LEAP") engines used on the latest generation of single aisle aircraft including the Airbus A320 NEO and Boeing 737 Max platforms.
Following receipt of this award manufacturing will now commence, with the finalisation of the Long Term Agreement between the parties, to be concluded shortly, which will run through to December 2020. It is envisaged that work on LEAP engines under this agreement could contribute up to $6m to Velocity's revenues over this period.” FYOct18E rev £34.9m and PBT £1.8m.
KEFI Minerals (LON:KEFI) 2.84p £9m
The gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announces that it has conditionally raised £3m ($4m) at 2.5p. A further 100m shares being issued in lieu of third party and director fees.
"The Placing and Subscription we have announced today is expected to provide KEFI with the funds to enable it to close the Tulu Kapi Project financing, subject to approvals by all stakeholders and formal documentation. I look forward to providing updates on progress over the coming months."
Mobile Streams (LON:MOS) 2.5p £2.5m
“Partnership with Electroneum, a new cryptocurrency, made just for mobile, making it easy for users to trade and earn digital money.
Mobile Streams, a global retailer of mobile content since 1999, which launched its Mobilegaming stores in Latin America and India with direct carrier billing is exploring the possibility of utilising the blockchain protocol to deliver its users a trusted environment with new purchasing possibilities and to provide game developers a transparent and efficient way to monetise their content.” We could see no forecasts.