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AIM:
Total number of AIM Companies (Incl Susp):
927*
Total number of AIM Companies trading:
861*
*as at close of business 11 October 2018
Standard List** of Main Market:
Total number of Standard List Companies
(Incl Susp):
138*
Total number of Standard List Companies trading:
120*
*as at close of business 11 October 2018
NEX Growth Market:
Total number of NEX Growth Market Companies (Incl Susp):
89*
Total number of NEX Growth Market Companies trading:
86*
*as at close of business 11 October 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
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Virgin Money has left the main market following acquisition by VYBG
What’s cooking in the IPO kitchen?
Main Market (Premium)
Merian Chrysalis Investment Co –Seeking a £200m raise. Due 6 Nov. Objective is to generate long-term capital growth through investing in a portfolio consisting primarily of equity or equity related investments in unquoted companies .
Sirius Aircraft Leasing Fund targeting a raise of US$250m - objective is to provide investors with an attractive level of regular income and capital returns through investing primarily in used, single-aisle aircraft. Due early Nov
Smithson Investment Trust—New Fund from Fundsmith LLP established by Terry Smith. focused on a global basis on small and medium sized companies between £500m and £15bn in market cap . Due 19 Oct. Seeking £250m raise.
Main Market (Standard)
Eurotorg—the largest grocery retailer in Belarus -Revenue for the 12 mths to Jun18 was BYN 4.21 bn (USD 2.13 bn); adjusted EBITDA for the same period was BYN 385.0 mn (USD 194.7 mn). Raising $200m primary plus secondary offer. Due 11 Oct.
ECI Telecom— provider of comprehensive networking and data transport products and solutions. Raising c.$230m and potential sell down. Due late Oct
Main Market (Specialist Funds)
The Global Sustainability Trust -aiming for attractive risk-adjusted returns by investing primarily in private market investments that are expected to have a positive environmental and social impact raising c.£200m. Due end Nov.
Gresham House Energy Storage Fund - will invest in utility-scale Energy Storage Systems in the UK. Raising up to £200m. Due early Nov.
CEIBA Investments. the largest foreign investor solely dedicated to investing in Cuba, with existing total assets in excess of £160 million. Raising up to £100m. Due 10 Oct
Blue Ocean Maritime Income - aims to generate long-term, sustainable shareholder returns, predominantly in the form of income distributions, from direct lending and similar financing opportunities to vessel owners and operators, and other maritime businesses. Raising up to $250m. Due 23 Oct.
AIM
Azalea Energy—oil and gas production and development company based in Louisiana, United States. Net production of 13 MMcfe/D (2,200 boepd) and total 1P proved reserves of 91 Bcfe (15.1 mmboe), 2P reserves of 111 Bcfe (18.5 mmboe) raising up to $38m, expected mkt cap over $100m. Due Oct
Summerway Capital investing company established to acquire companies or businesses which the directors of the Company believe have the potential for strategic, operational and performance improvement so as to create shareholder value. Offer TBC, market cap TBC expected 19 October
Admission is being sought as a result of the proposed RTO of Cambian Group plc following completion of the acquisition by CareTech a leading provider of specialist social care services, supporting adults and children with a wide range of complex needs. No raise, market cap TBC expected 19 October.
PetroTal (TAL.TO) - The exploration and production company focused on oil assets in Peru is seeking a secondary AIM quotation before the end of 2018.
Path Investments— First acquisition of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany. Seeking £10m raise. Due late Oct
Green Man Gaming—pure play e-commerce and technology company in the digital video games industry. revenue CAGR growth of 26.7% in the last three years to £47.5m. Due Mid October 2018. EBITDA Profitable. Offer TBA
Crossword Cybersecurity Plc* (AQSE:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is exploring its options in relation to a potential move to the AIM market of the London Stock Exchange which, if it were to proceed, would likely take place over the next few months.
Banquet Buffet
IQE (LON:IQE) 85.25p £618.4m
The “global supplier of advanced wafer products and material solutions to the semiconductor industry, announced that it has appointed Mr Tim Pullen as CFO to the board of the Group. Mr Pullen is expected to join the Board, following completion of his current notice period, during early 2019.”
Mr Pullen is currently CFO of ARM Limited, a global semiconductor and software design company owned by Softbank Group. During his time at the company, Mr Pullen has been focused on executing the investment strategy and scaling the company’s finance and business capabilities.
Orosur Mining (LON:OMI) 8p £9.88m
Q1 results. In Aug 2018, the Company placed its San Gregorio operations in Uruguay under care and maintenance.
The reorganization process of Orosur’s Uruguayan operating subsidiary, Loryser S.A., has been ongoing since June 2018. Under the reorganisation proceedings, the term for credit verification ended on Sept 3, 2018, and a court-appointed Controller has validated all the credits and has filed a report on the assets and debts of Loryser on Oct 3, 2018. The report is currently subject to review and potential reassessment before the creditors’ meeting scheduled for Dec 2018. Loss before tax was $6.0m compared to a loss of $0.4m in Q1 18. This was mainly due to diminished operations and higher restructuring costs. Orosur is planning the next stages of exploration of the high grade Anzá project in Colombia in coordination with Newmont.
IXICO (LON:IXI) 30.5p £13.2m
“The data science company delivering insights in neuroscience, today provides the following pre-close trading update ahead of its preliminary results for the year ended 30 Sept 2018.
The Company is pleased to announce that revenue increased by £1.3m or 32% to £5.4m (2017: £4.1m). Excluding the impact of foreign exchange, the underlying revenue of £5.1m (2017: £3.8m) increased by 34%. This revenue growth included an expansion of medical imaging services provided to global pharmaceutical clients in new and existing projects, together with preliminary revenue from wearable biosensor projects.
During the year the Company announced several new multi-year contracts which are worth a combined total of over £15m, including a Phase III contract signed at the end of the financial year. These new contracts and existing projects, provide a foundation for future revenue growth.”
SimiGon (LON:SIM) 15p £7.5m
“The specialist in modelling, simulation and training solutions, is pleased to announce that the United States Air Force (USAF) has executed a contract amendment to add additional support services for the sixteen T-6A Level 5 Flight Training Devices (FTD) under the Contractor Logistics Support contract for SIMbox-based T-6A Level 5 FAA Compliant FTD announced 7 February 2018.
Under the Contract Amendment SimiGon will provide maintenance support personnel to help with the ongoing upkeep of the FTD's currently used by the USAF under the existing Contract. The Contract Amendment increases the total Contract value by $0.5m through 30 April 2019. The expected revenue from this Contract was already factored into management's expectations for the year ended 31 Dec 2018. The Contract Amendment is expected to improve revenue visibility for FY 2019.”
Proton Power Systems (LON:PPS) 6.25p £36.2m
As reported in a number of press articles, Proton Power Systems Plc, the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces that it has agreed in principle with e.GO Mobile AG to establish a joint venture to develop and produce a scalable, cost-effective fuel cell range extender for the e.GO Mover. The systems will also be available for other applications in the market.
The Company will make a further announcement when the final terms of the joint venture have been agreed.
Galileo Resources (LON:GLR) 1.08p £3.26m
Completion of its phase-2, 1000metre (m) diamond-drilling programme. Preliminary independent assay results from for an initial 8 diamond drill holeson its highly prospective 80.75%-owned Star Zinc Project in Zambia.
Completed the phase-2 drilling programme comprising 24 diamond drill holes (DDHs) totalling approximately 1000m to depths, from surface, of between 25m and 105m downhole
Preliminary Results from four of the Initial DDHs - predominantly from the eastern body of the deposit- intersected high-grade mineralisation of between 14% Zn and 26% Zn and good widths. The other five of the initial DDHs intersected grades and widths similar to those reported in phase.
The Company intends to develop, as soon as practicable, a work programme with the objective of meeting the requirements for the application of a small scale mining licence for Star Zinc.
Cora Gold (LON:CORA) 10p £5.09m
“The West African focused gold exploration company, announced that SRK Consulting (UK) Ltd has determined an initial Exploration Target of between 30 and 50 million tonnes of gold at a grade of between 1.0 and 1.3 g/t Au for its Sanankoro Gold Discovery in southern Mali. SRK's report confirms the Company's internal expectation that Sanankoro has the potential to delineate 1.0-2.0 million ounces ("Moz") to a depth of 100m, indicating the potential for significant further upside at depth. “
Active Energy (LON:AEG) 2.15p £19.7m
“The London quoted international biomass based renewable energy and forestry management business, announced that it has entered into a joint venture agreement to instal CoalSwitch facilities with Georgia Renewable Power LLC ("GRP"), a US company that maintains three biomass-to-energy power plants located in North Carolina and under construction in Georgia, U.S., with a total power generation capacity of approximately 165 Megawatts (MW).”
"This agreement will shorten the time scales for large scale commercialisation of our CoalSwitch™ and PeatSwitch™ products and will also allow AEG to benefit from the experience and the presence of our partner GRP, thus strengthening our capabilities in the next operational phase of our business plan.”
Tekcapital (LON:TEK) 7.75p £3.41m
Tekcapital, the UK intellectual property investment group focused on creating marketplace value from university technology, announces that its wholly owned portfolio company Lucyd ltd has formed a reseller partnership with a Brazilian optical retailer and has conducted its first order.
This is a unique opportunity for Lucyd to expand its eyeglass offerings into the large Brazilian market. This distributor has purchased an initial order for 100 pairs of Lucyd Loud Bluetooth, bone-conducting glasses, which they will be selling on their own online eyewear store which will primarily serve Brazil, Mexico, Colombia and Chile.
Harrison Gross, Media Lead at Lucyd said, "We are very excited to announce signing our first distributor for our innovative eyewear lines. We believe that that our partnership will facilitate sales of products in Latin America and will be mutually beneficial in the long term."
Velocys (LON:VLS) 4.2p £14.83m
“The renewable fuels company, notes the recent share price movement and we would like to update the investors of the following ongoing positive actions your Company is currently undertaking: The Company continues to drive forward and make strong progress with its Bayou Fuels biorefinery project in Mississippi. Discussions are progressing with a shortlist of strategic investors to invest in the project to fund the development costs to financial investment decision (FID).” Velocys continues to work with the ENVIA Board, which is developing several promising options to preserve the value inherent in the facility.“ As of the end of Sept, the Company had cash resources in excess of £10 million. As a result of the decision by the ENVIA Board to suspend operations, the Company has substantially reduced its monthly cash burn rate by circa £0.5m and our projects remain on budget.”