Small Cap Brunch
Total number of AIM Companies (Incl Susp):
Total number of AIM Companies trading:
*as at close of business 05 July 2018
Standard List** of Main Market:
Total number of Standard List Companies
Total number of Standard List Companies trading:
*as at close of business 05 July 2018
NEX Growth Market:
Total number of NEX Growth Market Companies (Incl Susp):
Total number of NEX Growth Market Companies trading:
*as at close of business 05 July 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
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”. Has joined the specialist fund segment of the main market of the London Stock Exchange
Off the menu
No Leavers Today
What’s cooking in the IPO kitchen?
Ovoca Gold (to be renamed Ovoca Bio PLC) - RTO of IVIX, a Russian company developing a drug candidate for the treatment of female sexual dysfunctions. No monies to be raised, market cap of £8.5m, due 30 July
Nucleus Financial—independent wrap platform provider . FYDec17 revs £40.36m and PBT of £5.1m. Offer TBA. Due late July.
Kropz PLC-Intention to float by the emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa and exploration assets in West Africa
Immotion Group - aims to become the market leader in "out of home" Immersive Entertainment Experiences. Offer TBA. Due 12 July
Main Market (Premium)
ASA International— “one of the world's largest and most profitable international microfinance institutions, which aims to enhance financial inclusion among low-income populations throughout Asia and Africa in a socially responsible manner”. Secondary sell down. No primary. Due July. Offer TBA
Main Market (Specialist Funds)
Hipgnosis Songs Fund— offering pure-play exposure to Songs and associated musical intellectual property rights . Targeting £200m raise. Due 11 July
WideCells (LON:WDC) 2.8p £3.74m
WideCells Group, the healthcare services company focused on providing stem cell services and ground-breaking insurance for stem cell treatment, announced the appointment of Dr. Jeremy Lea as COO of WideCells Group. Dr. Lea will be responsible for leading the Group's next phase of growth as it builds revenues and drives the global uptake of its innovative portfolio of stem cell services including CellPlan, the world's first stem cell healthcare insurance plan, WideCells, which is focused on stem cell storage services, and Wideacademy, the Group's education and training division.
Dr. Lea replaces Mr. Lopes Gil, who is stepping down for personal reasons, but will remain with the Group as an advisor. NED Dr. Marilyn Orcharton is also stepping down from the Board and will assume an advisory role to support the building of the Group's dental related stem cell services, which will include the launch of a new stem cell storage service, TeethCells.
Park, the multi-retailer, multi-channel gift voucher and prepaid gift card provider, announced that it has signed new collaborations with retail businesses Arcadia Group Ltd., Courtesy Shoes Ltd., Office Outlet (formerly Staples Inc.), DJM Music Ltd., and Fat Face.
Arcadia, which owns high street brands such Topshop, Topman and Miss Selfridge, will now accept Park's UK-leading 'Love2shop' vouchers.
As of July 2018, Wynsors World of Shoes, office and home suppliers Office Outlet, and online musical instrument specialists DJM Music, will also accept Park's 'Love2shop' vouchers.
Fat Face will gain accreditation for Park's e-money prepaid flexecash® card by the end of Summer 2018.
These new retail additions, mean Park's gift vouchers are now accepted by more than 175 national brands and over 20,000 high street stores across the UK, and almost 100 brands are now flexecash® accredited.
Hardide (LON:HDD) 1.88p £31.4m
Hardide, the developer and provider of advanced surface coating technology, announced that it has appointed Mark Hanania as Business Development Engineer based in Houston, Texas to help drive growth in the oil, gas and energy sectors throughout North America.
Strong growth in demand from oil and gas customers in North America and recent entry into the aerospace market is underpinning significant investment in coating technology and quality accreditation at the Company's US coating facility in Martinsville, Virginia. A third coating reactor will be installed by Q4 2018 to accommodate increased demand from major oil and gas operating and service companies.
Mark Hanania joins Hardide Coatings, Inc. as Business Development Engineer - Oil, Gas & Energy, North America from 3M Canada where he was responsible for driving 3M innovation into the Alberta/British Columbia oil and gas markets. He brings 20 years of engineering and business development experience, previously spending more than 13 years with Hilti Canada where he held several engineering roles.
Xpediator (LON:XPD) 79.5p £105.4m
Xpediator, a provider of freight management services across the UK and Europe announced that it intends to raise approximately £7m by way of a placing of new ordinary shares of 5p each in the Company, in order to support the acquisition of the entire issued share capital of Import Services Limited, a contract logistics and warehousing business based at the Port of Southampton.
The Placing Shares will be issued at 70p per share, a discount of approximately 1.5% to the average closing share price of 71.1p over the last 30 calendar days to 6 July 2018 and a discount of approximately 18.6% to the closing share price of 86.0p on 6 July 2018, being the last practicable date prior to the date of this announcement.
Gateley (LON:GTLY) 168.5p £181.21m
Gateley, the law-led professional services group, announced the acquisition of Kiddy & Partners.
Kiddy is a leading firm of Human Capital consultants specialising in assessment, talent management and leadership development. From its London base, the business partners with leading organisations in the UK and operates internationally in 25 cities across five continents. Kiddy's client list spans 80 of the FTSE Global 500 and 20 of the FTSE 100.
Kiddy will continue to trade under its existing name, with all staff relocating to Gateley's London office. Kiddy is a profitable and established business. In the year ended 31 Dec 2017 Kiddy generated pro forma revenues from continuing operations of £2.42m and operating profit of £0.2m. The Board expects the acquisition to be immediately earnings enhancing.
Avesoro Resources Inc., the West African gold producer, announced its preliminary production results for the quarter ended June 30, 2018 from its New Liberty Gold Mine in Liberia, and Youga Gold Mine, in Burkina Faso.
Total gold production of 60,231 ounces in the Quarter, bringing year to date gold production to 128,319 ounces, in line with full year 2018 production guidance of 220,000 - 240,000;
Mining rates have increased at both New Liberty and Youga, with total material moved increasing by 13% and 45% respectively quarter on quarter, as a result of the commissioning of further heavy mining equipment;
New Liberty gold production of 29,808 ounces in the Quarter, with increased material movement benefiting from the additional mining equipment and in line with the mine plan; and
Youga gold production of 30,423 ounces in the Quarter, a reduction from Q1 2018, due to a scheduled decrease in the mined grade at the Balogo satellite deposit.
Berkeley (LON:BKY) 43.75p £108.8m
Berkeley announced that the capital cost review initiated by the Company has identified a number of opportunities to reduce the initial capital expenditure required to bring the mine into production.
Potential savings of up to EUR9m (based on the FEED estimate as announced on 6 July 2017) arise from:
optimization of plant capacities within the overall process design,
outsourcing of peripheral infrastructure, and
reducing initial throughput for production from the Retortillo deposit and right-sizing of the associated plant.
The proposed modifications remain consistent with the future expansion of production from Zona 7 and Alameda.
The initiatives proposed will be taken forward to detailed engineering in parallel with the commencement of planned on-site construction activity, including site preparation, bulk earthworks and initial civil construction works.
Animalcare, the pan-European animal health business, announced that it has received a positive opinion from the Committee for Medicinal Products for Veterinary Use, recommending European marketing authorisation for its dermatology product Cortacare. Animalcare plans to launch Cortacare in Q4 2018 through its direct sales operations in seven European countries and international distribution network.
Cortacare is a wholly-owned product, developed by Animalcare as a cutaneous spray for the treatment of inflammatory and pruritic dermatitis in dogs. The product is a corticosteroid designed to be applied topically to reduce inflammation and itching, which complements Animalcare's existing dermatology portfolio. Cortacare accumulates in the dog's skin, allowing for high local activity whilst minimising side effects, and leading to an improvement of skin lesions associated with the condition.
Kibo Mining (LON:KIBO) 4.7p £28m
Kibo Mining, the multi-asset, Africa-focused, energy company, announced that Kibo and Sanderson Capital Partners Limited have settled the outstanding balance of £1.15m on the forward payment facility agreed on 20 Dec 2016. Accordingly, Sanderson will be issued 21,239,375 new ordinary Kibo shares of par value EUR0.015 each, at a price of 5.25p per Kibo share, a c.13% premium to the closing price of 4.65p on 6 July 2018. The Company believes that the conversion at a premium is a strong endorsement of the Company's strategy, and with the termination of any claims by Sanderson Kibo can receive the full payment of $3.7m in cash due to it from its EPC contractor SEPCO III.
Wheelsure (NEX:WHLP) 0.425p £1m
Wheelsure, the industrial engineering company, announced that its wholly owned subsidiary Tracksure Limited has received full approval from the Italian State Railway, Rete Ferroviaria Italiana ("RFI") for its leading product, the Tracksure Locking Device.
The approval process has taken over eight years and the Tracksure Locking Device has been extensively tested by RFI in the laboratory as well as in track at several locations. As a result, RFI has confirmed that the Tracksure Locking Device cannot unscrew and has therefore approved it for all applications.
WS Group's exclusive agent for Italy, who became a shareholder in the Company last year, is extremely pleased to now have the opportunity to start selling Tracksure products to all Italian rail operators working to the RFI's specifications. The agent has already appointed a third-party Italian company to exclusively develop the future business with RFI.