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AIM:
Total number of AIM Companies (Incl Susp):
938*
Total number of AIM Companies trading:
868*
*as at close of business 26 July 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 26July 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 26 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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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
Jadestone Energy (JSE.CVE)—an independent oil and gas production and development company focused on the Asia-Pacific region. Pro-forma production of 13.9 mboe/d, 2P reserves of 45.3 MMboe, and a 2P NPV10 of US$563.7 million . Offer TBA. Current mkt cap C$135m. Due early August.
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. £5.5m primary and £1.45m sell down at 105p. Mkt Cap £15.5m. Due 31 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
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 (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
Tlou Energy (LON:TLOU) 6.35p £25.8m
Government Releases Re-tender of 100MW RFP.
· Tlou is one of two companies to be invited to re-tender for the development of a maximum of 100MW CBM Fuelled Pilot Power Plants in Botswana;
· A compulsory pre-tender meeting with the Botswana Government will take place on 9 August 2018;
· The closing date for receipt of tender offers is 12 September 2018.
Pennant International Group (LON:PEN) 90p £29.65m
HYJun 18 update from the supplier of integrated training and support solutions. Revenue for the Period amounted to £13.2 million with earnings before interest, taxation and amortisation for the Period of £2.1 million. Net cash at the end of the Half Year totalled £3 million and the Group has no borrowings. Pennant remains 'on track' to deliver results in line with market expectations for the year as a whole. “The Group also expects to receive clarity during the current quarter on the potential contract worth over £10 million referred to in the Group's announcement on 20 March 2018.
With a contracted three-year order book of £30 million as at the end of the Half Year (against a 2017 year-end order book of £41 million on a like-for-like basis) together with a strong pipeline of active opportunities, the Board remains confident about the Group's prospects for the future.” FYDec18E PE c.9x.
Urban Exposure (LON:UEX) 109p £179m
The “specialist residential development finance firm and asset manager, today announces the launch of a joint venture with KKR, a leading global investment firm, to focus on financing mainstream housing throughout the UK. The venture will have an initial size of £165m.
Under the terms of the venture, Urban Exposure will originate, execute and manage development loans in the residential market which, combined with KKR's significant financial and operational expertise, will help drive continued growth and build further scale.
The JV will take advantage of unmet demand for development finance, especially amongst SME developers, and align the Company with its objective of aiding the increase of mainstream housing supply across the UK.” FYDec18E PE c.11x and yield over 3.5%.
Polarean Imaging (LON:POLX) 15.75p £11.7m
The Company has received Notice of Allowance on the latest U.S. Patent Application No. 15/120,013 "Hyperpolarized Noble Gas Production Systems with Nanocluster Suppression, Detection, and/or Filtering and Related Methods and Devices" to which it has exclusive rights. This is key to advancing image quality, exploring new applications and increasing the overall efficiency of the Company's polarisers.
Completion of Pilot Study prior to Phase III Clinical Trials gives the Company confidence in its trial design, i.e. the chosen methodology is appropriate and should maximise the probability that both the primary and secondary endpoints of the Phase III Trials will accurately reflect the comparative values of 129Xe MRI versus 133Xe scintigraphy. Trials due to star mid-August 2018 with data collection due to complete Q3 2019.
Gear4music (LON:G4M) 662p £138m
AGM Statement from the largest UK based retailer of musical instruments and music equipment.
"I am pleased to report that revenue growth continues to be strong into what is a highly competitive market, and the projects to relocate our Swedish distribution centre and upgrade our UK distribution facilities are on-track to be delivered ahead of our peak trading period. The Board remains confident in meeting their expectations for the financial year."
The Group will announce a trading update in relation to the six months ending 31 August 2018 in early September 2018, followed by the full half year results in October.
FYFeb19E rev £103.8m and PBT£2.67m.
Europa Metals (LON:EUZ) 0.08p £3.85m
Conditional £536k placing at 0.0775p by the he European lead-zinc explorer.
The net proceeds secured from the Placing will be utilised towards funding a planned phase 2 work programme at Toral (leading to the eventual completion of a proposed feasibility study), as well as providing additional general working capital for the Group.
Following the completion of the phase 1 extension drilling, phase 2 activities at Toral will be centred around a new diamond infill drill programme, focused distinctly within the existing inferred ore body. Such additional exploration drilling will target the higher-grade areas of the Toral Project, with the objective of seeking to increase and enhance the Company's understanding of its existing maiden JORC 2012 compliant resource estimate and complete certain key components required for a planned full feasibility study in due course.
President Energy (LON:PPC) 9.25p £99m
Update in relation to its workover programme at the Puesto Flores/Estancia Vieja Concession in Rio Negro Province, Argentina.
Current total Concession oil production continues in the range of 2,000-2,100 bopd with workover programme still continuing
· Planning continues for the three development well drilling programme at Puesto Flores, scheduled to commence end September 2018
· The costs of all drilling work, like the current workover programme, will be funded by President out of its own resources and facilities
· First extended gas test at Estancia Vieja of the previously untested well, EV 8, demonstrated stable production capability of approximately 200 boepd. Second gas well, EV 19, now on extended test and expected to show capability of 250 boepd . FYDec18e rev $45m and PBT $11.3m.
Grafenia (LON:GRA) 13p £10m
AGM Statement. “In the first quarter, trading has been in-line with our internal budgets. The pricing environment for litho print remains a challenge, particularly in our trade channels. We've continued to expand our Nettl network both in the UK and overseas. We now have over 200 Nettl locations around the globe, with over 165 in the UK and Ireland. We're also pleased to announce that the first Nettl partner has signed in Australia. We recently completed the acquisition of AG Signs & Print Limited and welcome Martin Baily and his team to the Grafenia family. The integration work has started. We plan to combine it with our Nettl of Exeter team and establish a new Nettl Business Superstore. We are keen to pursue further acquisitions of sign businesses around the UK.” “From 1st August 2018, we are switching all laminated products to use a new bio-degradable film”.
Quadrise Fuels (LON:QFI) 3.39p £29.23m
Update: Following signature of the MOU, the Company is now working with Freepoint to agree and prioritise an expanded list of specific target projects, with a focus on those opportunities that will benefit from the synergy available from utilising Quadrises's MSAR® technology in conjunction with Freepoint's proven trading and investment activities to create and develop sustainable markets for the production, supply and consumption of MSAR®.
Cepsa and Quadrise continue to explore opportunities to use the installed facility at Cepsa for supply to the marine or power markets. Market dynamics in Saudi Arabia still remain favourable despite previous challenges.
VI mining (AQSE:VIM) 330p £352.9m
VI Mining Plc to acquire Cushuro Gold Project from Karmin Exploration, further consolidating its position in Northern Peru.
- Share purchase agreement signed between VI Mining's Peruvian subsidiary and seller Karmin Exploration Inc.; purchase price of US$ 27.5 million to be satisfied in VI Mining shares.
- Cushuro Gold Project comprises three mineral concessions located in the Alto Chicama gold district with title to two further concessions pending and is in close proximity to the Minaspampa processing plant and operation. Karmin has two former working silver and gold mines in the La Libertad region in the northwest of Peru. Karmin is due to start its drill campaign at both locations soon, the results of which will be presented in an updated NI 43-101 report which is anticipated to be released around the year end 2018 or early 2019.