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AIM:
Total number of AIM Companies (Incl Susp):
937*
Total number of AIM Companies trading:
867*
*as at close of business 23 July 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 23 July 2018
NEX Growth Market
Total number of NEX Growth Market Companies (Incl Susp):
87*
Total number of NEX Growth Market Companies trading:
84*
*as at close of business 23 July 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?
NEX Exchange Growth Market
Veni Vidi Vici. Investment Vehicle to identify investment opportunities and acquisitions in companies in the Precious Metals and Base Metals sectors. Raising £490k at 50p. Market cap £0.8m. Due 8 August.
AIM
CentralNic-Schedule 1 from the business operating in proprietary retail platforms selling domain names and associated web presence services including hosting and email on a subscription basis, has acquired KeyDrive S.A which constitutes a RTO. Raising £24m at 52p, combined market cap of £88.7m
Trackwise—established business that manufactures specialist products using printed circuit technology. Offer TBA. Due Late July
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
Main Market (Standard)
Danakali—potash company focused on the development of the Colluli Potash Project in Eritrea. Currently on ASX, Mkt cap c.£108m. Due 24 July
Main Market (Premium)
Grit Real Estate Income Group pan-African income real estate company focused on real estate investment assets in pre-selected African countries . Looking to raise net proceeds of at least $120m. To be priced at EPRA NAV of $1.43/share. Due 31 July.
Breakfast Buffet
IQE (LON:IQE) 110.6p £803m
HYJun18 trading update from the global supplier of advanced wafer products and wafer services to the semiconductor industry. The Group announces that it expects to deliver revenues of approximately £73m for H1, which was achieved against a currency headwind of 9.5%, reflecting strong double-digit sales growth on a constant currency basis in each of its three primary markets. Separately IQE has successfully renegotiated its long-term supply contract with a premier tier one customer for the supply of wafer products used in wireless applications, and in doing so extended the range of products covered and increased the overall IQE share of the customers’ epiwafer requirements. The contract is estimated to be worth in the order of USD60m through to Sep 2019. FYDec18E rev £179m, EBITDA £47.5m.
Motorpoint (LON:MOTR) 241p £237m
“Mark Morris, Chairman of Motorpoint, the UK's largest independent vehicle retailer, will make the following statement at the Company's Annual General Meeting to be held at 11:00am today:
"Q1 trading for both sales and profit has been solid, and has continued at a consistent pace into the early weeks of Q2. Group stock and immediate supply outlook are strong, and the Board remains confident of delivering the full year performance in line with management expectations."
FYMar19E rev £1.08bn and EBITDA £26.3m.
Fuller Smith & Turner (LON:FSTA) 955p £309m
AGM Statement for the 16 weeks from 1 April to 21 July 2018 from the London brewer and premium pub company. “The Company has made a good start to the new financial year with like for like sales in our Managed Pubs and Hotels rising 4.0%, particularly pleasing against a strong comparative of 6.6% for the same period in the prior year. Like for like profits in our Tenanted Inns were up 4% and total beer and cider volumes in The Fuller’s Beer Company were flat.” “Although we have undoubtedly benefited from the feel-good factor of England’s World Cup performance and good summer weather, it is important to remember that the underlying economic and political situation, particularly the UK’s position with regards to Europe, creates uncertainty and it is difficult to predict the nature of any potential impact on the sector.”
Chamberlin (LON:CMH) 88p £7.36m
AGM Statement from the specialist castings and engineering group.
“Group revenues for the first three months of the current financial year are in line with management expectations. Demand at the Walsall foundry continues to be strong, driving increased production volumes. However, this level of output is currently causing excess cost and production inefficiency, which are being firmly addressed by a strengthened management team.
"Profitability will be weighted towards the second half of the financial year, and the Company reaffirms current market estimates for the full year.”
FYMAr19E pE c.7x.
XL Media (LON:XLM) 105.25p £234m
HYJun18 trading update from the provider of digital performance marketing. “The Group continues to trade in line with recently revised market expectations, and is executing on its strategy of diversifying its revenue streams through both organic and acquisitive means.
During the period, the Group acquired additional assets in both the gambling and personal finance space. These bolt-ons include the acquisition of Good Game Ltd's assets in January and WhichBingo.co.uk <https://www.whichbingo.co.uk/> in April, as well as additional personal finance websites, including the recently acquired InvestorJunkie.com <https://www.investorjunkie.com/> . All acquired assets are in the process of being integrated into the Group.”
PE c.10x and yield 5 to 6%.
Netcall (LON:NET) 76p £107m
FYJun18 trading update form the provider of low-code and customer engagement software . The Board is pleased to report on a transformational year, driven by the successful acquisition and integration of the market leading low-code platform provider, MatsSoft. Strong order inflow and the ongoing transition to a higher proportion of SaaS-based contracts, means adjusted EBITDA for the year is expected to be approximately 20% higher than the prior year at £5.4m (FY17: £4.5m).
The strategic fit between the MatsSoft and Netcall offerings has been demonstrated through initial cross and up-sales, alongside new international sales and partnership deals. This has resulted in significant revenue growth for MatsSoft compared to the prior period and a return to revenue growth of the Netcall business.
Ebiquity (LON:EBQ) 44p £42.7m
HYJun18 trading update from the ndependent marketing and media consultancy . Whilst first half revenues from the Media segment and Analytics & Tech segment grew 7% over the prior year on a like-for-like basis, uncertainty arising from the CMA investigation into the planned disposal of the Intel segment to Nielsen, announced in February 2018, has impacted Intel sales with H1 2018 LFL revenues down 9%. Ebiquity has accelerated the phasing of investment in the growing Media and Analytics & Tech segments (representing c78% of the business) in H1 on the back of strong new business pipelines, and already has visibility into faster (double digit) revenue growth within these segments in H2 2018. Although this accelerated investment will impact H1 operating profit, performance in these segments for FY18 is anticipated to meet current expectations. The performance of the Intel segment will not be entirely offset. FY profits to be beneath market expectations.
Victoria (LON:VCP) 835p £995m
FYMar18 results from the international designers, manufacturers and distributors of innovative floorcoverings. Fifth consecutive year of strong growth. Rev up 29% ro £424.8m.
The Group achieved a record underlying EBITDA margin of 15.2%, c.140 basis point increase driven by efficiency measures actioned across the businesses;
The period saw a 45.0% increase in underlying operating profit from £33.7m to £48.8m;
Underlying profit before tax substantially increased from £29.4m to £40.8m;
Expenditure on exceptional M&A and reorganisation projects of £11.2m, compared to £2.5m in the prior year:
Net debt at the year-end was £258.7m, less than 2.7 times annualised EBITDA. “there is almost unlimited scope for growth - both organically through increasing our market share and expanding our product offering, and, of course, through acquisition”.
Live Company Group (L:ON:LVCG) 65.7p £35.5m
LVCG announces that it has secured the first three locations for BRICKLIVE Lite shows in Korea, following the concept's announcement in June as a new brand extension consisting of temporary and smaller events or exhibitions, staged in venues including shopping centres and hotels. With fun, interactive activities for participants to get involved in, there are two 100 sqm shows at the Jeju Lotte Hotel (July to September) and the Busan Lotte Hotel (July to August), and a 825 sqm show at the Munwha Broadcasting Corporation in Daegu (July to October).
The news comes as BRICKLIVE also today announces an expansion of its interactive experiences to the Dominican Republic with Latin American partner EXIM-Entertainment Division LLC in October, following its successacross Brazil and Argentina. The show will debut in Santo Domingo and will be presented in a 2,000 sqm space of Sambil Santo Domingo's shopping mall.