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
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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 late Oct. Seeking £250m raise.
Main Market (Standard)
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 22 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
Kropz PLC—an emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa, a phosphate project in the Republic of Congo and exploration assets in Ghana. Looking to join AIM, offer TBC, market cap TBC. Due Late October.
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 29 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.
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
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
Vast Resources (LON:VAST) 0.63p £33.09m
Vast Resources, the mining company with operating mines in Romania and Zimbabwe, wishes to advise that following the 10 Oct 2018 announcement of the formal approval by ANRM of the grant of an Association Licence to African Consolidated Resources srl (“AFCR”) the Company’s 80% subsidiary, AFCR and Baita SA, the holder of the head licence, have now signed the pre-agreed commercial contract, and AFCR now has the right to mine at the Baita Plai Polymetallic Mine in Romania.
“The commercial Association Contract has now been executed and the agreed amount of money settled. We will now deploy the start-up team to Baita Plai to commence the implementation of the re-start programme.
“We intend to publish the start-up works programme in order for shareholders to keep track of the re-start schedule over the coming days and provide regular updates over the course of the next six months as we target initial production from Baita Plai in H1 2019.”
Driver Group (LON:DRV) 86.5p £42.28m
Driver Group, the global professional services consultancy to construction and engineering industries provided an update on trading performance during HY 30 Sept 2018.
The Board reported that the Group has continued to perform well during the second half and, as a result, that it expects to report underlying PBT for the financial year comfortably ahead of current market expectations at approximately £3.8m. The non-cash share-based payment charge deducted in calculating reported PBT will be assessed as part of the audit sign-off process. It is anticipated that this may increase further as the Board's expectations of future performance strengthen.
The UK business has again performed strongly and there have also been exceptionally good performances this year in Kuwait, Qatar and Singapore. Overall, the Group has achieved significantly enhanced utilisation levels of 80% for 2017/18 (76% for 2016/17) and there remains a vigorous and vigilant focus on the management of overhead.
Continued focus on the management of working capital has delivered excellent cash generation during the year resulting in a net cash position of £6.9m at the year end, also comfortably ahead of market expectations. This compares to a net debt position of £0.2m at the same time last year.
SmartSpace (LON:SMRT) 89p £18.39m
SmartSpace, the leading provider of 'Workspace Management Software' for smart buildings, commercial spaces and the hospitality sector announced its unaudited interim results for the six months ended 31 July 2018.
The interim results reflect the disposal of the Systems Integration and Managed Services divisions for £21.6m in cash in mid-June 2018 and are based on the continuing operations of the 'Connect' software and 'OneSpace' occupancy management software platforms and A+K's distribution business.
Revenue from continuing operations of £1.9m (FY18 H1: £2.1m)
Adjusted LBITDA £1.9m (FY18 H1 LBITDA: £0.2m)
PBT from continuing operations of £0.6m (FY18 H1: loss £0.7m)
Profit from disposal of subsidiaries £1.9m (FY18 H1: £nil)
Basic EPS from continuing operations of 3.2p (FY18 H1: 3.8p loss per share)
Net cash position at 31 July 2018 £13.4m (FY18 H1: £0.8m)
Nektan (LON:NKTN) 21p £9.01m
Nektan, the fast-growing international gaming technology platform and services provider, announced that it has signed a contract and is now live with BetVictor, one of Europe's leading gaming companies. Nektan has integrated its B2B E-Lite casino platform into the BetVictor's casino offering. This is the first deal of its kind for Nektan. Signing a partnership with a globally established gaming business is a landmark win for Nektan's higher margin B2B business and provides further momentum to the Company's growth.
Through Nektan's partnership with Malta-based gaming company, Tyche Digital Malta Limited, the deal will see BetVictor take the E-Lite platform's casino content and distribute it across three of its key casino brands giving Nektan access to BetVictor's flourishing customer base.
The integration significantly expands BetVictor's casino offering, with the E-Lite platform giving it direct access to HTML5-developed slots and table games from more than 24 of the industry's leading games and content developers.
Gear4music (LON:G4M) 500p £101.06m
Gear4music, the largest UK based online retailer of musical instruments and music equipment, announced its unaudited financial results for the six months ended 31 Aug 2018.
Revenues increased by £11.3m driven by strong UK (34%) and International (39%) growth
Gross margin of 22.7% reflects a strategy to gain market share of branded products during a highly competitive period, early indication of increase in H2
Own-brand revenue growth of 28%; Other brand growth of 40%
UK warehouse upgrades and transition into new Swedish distribution centre progressing to plan
Strong growth in Key KPIs including:
40% increase in active customers
38bps increase in conversion rate
26% increase in own-brand product sales
Very strong revenue growth in H2 to date, and trading in line to meet full year expectations
URU Metals (LON:URU) 0.4p £3.12m
URU announced that the ground-based geophysics survey over a portion of the Zebediela Project has been completed. The purpose of the program was to assist with the accurate placement of further planned exploration drill holes and help gain a better understanding of the geology of the area. Preliminary interpretations have been received from the appointed geophysics consultants, Gap Geophysics (Pty) Ltd.
The program consisted of 11 survey lines totalling 19.6 km in length of time domain induced polarisation (IP) and resistivity plus ground magnetometer (Mag) survey, which was designed to detect mineralisation and geological contacts. Preliminary results show geological contacts associated with mineralisation and these can be traced along strike across the project area, allowing for targeting of further exploration drilling.
Arc Minerals (LON:ARCM) 4p £24.45m
Arc Minerals reported additional Reverse Circulation and Diamond Drill assay results from the Company's 11,000m drilling programme at the Kalaba prospect, part of its Zamsort Copper-Cobalt Project.
Mineralisation continues to be intersected in all holes drilled to date with good thickness
Four new holes with elevated copper grades ranging between 0.50% - 1%
Disseminated cobalt mineralisation continues to be intersected in the mineralised zones
KRC017: 128m at 0.74% Cu Eq. from surface including 10m at 0.50% Cu and 0.22% Co for 2.70% Cu Eq. and 19m @ 0.58% Cu
KRC019: 75m at 0.85% Cu Eq. from surface including from surface 19m @ 0.49% Cu, which includes 10m @ 0.66% Cu
KDD009: 59.5m at of 0.87% Cu Eq. from 2.8m including 23m 0.54% Cu and 0.10% Co for 1.57% Cu Eq.
Vianet Group (LON:VNET) 102.5p £28.99m
Vianet Group, the international provider of actionable data and business insight through devices connected to its Internet of Things platform, provided the following trading update and notifies that it will release its results for the HY 30 Sept 2018 on 4 Dec 2018.
Trading for the first half of the current financial year is ahead of the same period last year with the growth in operating profit being in line with market expectations. The Board intends to maintain the interim div of 1.7p per share.
The Smart Machines division has delivered a strong year on year increase in the number of connected devices deployed. We have made particularly good progress with the integration of Vendman. Helped by investment in Pubco data analytics capability and its increased automation of transactional processes, the Smart Zones division H1 contribution was satisfactory. This performance was achieved despite delays due to Pubco corporate activity and our managed compliance service being held back by the UK beer supply chain being adversely impacted by the Europe wide shortage of CO2 gas over the summer months.
Active Energy (LON:AEG) 2.15p £19.7m
Action Hotels, a leading owner, developer, and asset manager of branded three and four-star hotels in the Middle East and Australia announced that the Group has entered into a conditional sale and purchase agreement with Apex Investments Limited to dispose of its 100% interest in the 5,553.5 square metre plot of investment land located in Innovation Hub, within Dubai's Media City.
As announced on 28 Sept 2018 in the interim results for the Group, there was a downward fair value adjustment of the aforementioned plot of land of $3.8m following the commencement of an exercise to explore the sale of the investment land with a view to providing working capital to the Group.
The Acquirer has agreed to pay the Group an aggregate consideration of AED 38.5m ($10.5m), slightly below the net asset value of AED 39.9m ($10.9m). The SPA is conditional on receiving no objection certificates amongst other conditions and the long stop date for satisfaction or, where applicable, waiver of the SPA conditions is 1 Jan 2019. Action Hotels purchased the plot of land for $10.07m, in Feb 2016.