Set menu
AIM:
Total number of AIM Companies (Incl Susp):
926*
Total number of AIM Companies trading:
859*
*as at close of business 19 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 19 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 19 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
CEIBA Investments (CBA Main Mkt Spec Funds). The largest foreign investor solely dedicated to investing in Cuba, with existing total assets in excess of £160m. Was raising up to £100m. Raised £30m.
INTOSOL Holdings, an international luxury travel company, announced it has joined the Standard List of the Main Market at a market cap of £11.4m. Post listing, the Company has launched an open offer to raise up to £5 million
Off the menu
Action Hotels has left AIM following a takeover.
What’s cooking in the IPO kitchen?
Main Market (Premium)
Nova Ljuublianska banka—financial and banking institution based in Slovenia with a network of 349 branches, dual listing process in Ljubliana with GDRs in London. For HYJun18 and for FY17 the Group recorded a net profit equal to EUR 104.8 million and EUR 225.1 million, respectively. 50% plus sell down. Prospectus due for release 26 Oct.
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
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 5 Nov.
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
Renalytix AI—developer of artificial intelligence ("AI") decision support and clinical management tools for improving early diagnosis, continual monitoring and drug development for kidney disease. incorporated in March 2018 as a subsidiary of EKF Diagnostics Holdings (AIM-EKF). total fundraising in the range £21 - 25 m. Mkt cap - c. £67.5- £71.0m. Due 2 Nov.
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
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.
NEX Exchange
Auxico Resources—Proposed dual listing of the Canadian listed precious and base metals company engaged in the acquisition, exploration and development of mineral properties in Colombia and Mexico. Due 26 Oct. Mkt cap C$7.8m
Banquet Buffet
Civitas Social Housing (LON:CSH) 109.5p £390.25m
“The Company has completed the purchase of three regulated social housing properties comprising 66 tenancies for a total consideration of £4.56m and exchanged on a further property comprising 20 tenancies for a total consideration of £4.21 with completion expected in the near term. The properties are leased to Falcon Housing Association C.I.C. ("Falcon") and Inclusion Housing C.I.C both of which are regulated by the Regulator of Social Housing and are counterparty to existing leases within the Company's portfolio.
The properties will be immediately income-generating with an initial net yield in line with the Company's expectations and were sourced off-market by Civitas Housing Advisors Limited, the Company's investment manager.” Yield c.4.5%.
Conroy Gold and Natural Resources (LON:CGNR) 13.5p £3.2m
New area of bedrock gold mineralisation discovered.
5.6 g/t gold returned from surface rock chip sample.
Halfway between bedrock mineralisation at Clontibret deposit and Corcaskea target which are 535 metres apart.
Continuity between Clontibret deposit and Corcaskea target is becoming established.
"The discovery is an exciting development and with the possibility of a direct link between the Clontibret gold deposit and the Corcaskea gold target is a further strong indication of the overall gold potential of the 17km (10 mile) Clontibret - Clay Lake - Glenish gold district. We are working to both increase the overall resource of the licence area and to develop a mine, initially at Clontibret where we have the current defined JORC resource."
Wide Cells (LON:WDC) 0.47p £0.63m
“The healthcare services group focused on providing stem cell services and ground-breaking insurance for stem cell treatment, is pleased to announce that its stem cell healthcare insurance subsidiary, CellPlan, has signed a partnership agreement with a leading international stem cell extraction and storage company, Smart Cells.
Under the terms of the agreement, Smart Cells, which has offices in Europe, Africa, Middle East, Asia and the Far East, will offer CellPlan's innovative insurance plan to its 60,000 clients across multiple geographies. The staged roll-out will commence in Spain within the next four weeks, followed by the UK and then worldwide. With CellPlan operations already in place in Spain and the UK CellPlan can commence stem cell insurance sales soon, unlocking revenue from Smart Cell's existing and new client base.”
Ten Entertainment Group (LON:TEG) 232p £150.8m
Appointment of Dr Duncan Garrood as CEO, succeeding Alan Hand.
Duncan has significant expertise in the consumer and leisure sectors with a career spanning 35 years. He has Board level experience of private and public businesses, and until recently held the position of CEO of Bill's Restaurants, overseeing 80 sites and 3,000 employees. Prior to joining Bill's Restaurants, Duncan was CEO at Punch Taverns Limited (formerly Punch Taverns plc), the UK's second largest pub company with over 3,500 pubs.
Ten Entertainment Group specialises in operating large, high quality bowling sites throughout the UK .
FYDec18E PR c.12.8%, yield 4 to 5%.
LightwaveRF (LON:LWRF) 10.7p £7.66m
The “smart home solutions provider, is pleased to announce that the Tech Industry ratings publication Trusted Reviews has described Lightwave as a stand out system.
In a recently published online article, following a review of all the major smart lighting systems and options, Trusted Reviews, who state that they exist to give readers thorough, unbiased and independent advice on what to buy, described Lightwave as "stand out". Selected as the best option for smart switches, the article states: "…to make existing bulbs smart with attractive dimmers, then the Lightwave Generation 2 system is rated the best option". Trusted Reviews concludes that for "a classy-looking system that gives you physical, as well as smart control, Lightwave Generation 2 is the product for you. And the system can be expanded, with smart power sockets, too."
Simec Atlantis Energy (LON:SAE) 14.5p £53.1m
The global developer, owner and operator of sustainable energy projects with a diversified portfolio of more than 1,000 megawatts in various stages of development has successfully completed offshore operations on MeyGen Phase 1A with two Andritz 1.5MW turbines returned to service and the Atlantis 1.5MW turbine successfully retrieved for ancillary systems maintenance. These operations included world first achievements of: multiple turbines being handled and serviced simultaneously on one vessel; and the retrieval, service and reinstallation of a turbine onboard a vessel without returning to a port. All of which was achieved within 30 hours. This achievement will have material cost reduction implications for future scheduled and unscheduled maintenance events. New COO appointed Andy Richardson a Chartered Fellow, having formally held roles as Head of Asset Management and Engineering Manager at Alstom Power Service UK and Director Thermal Generation (4 GW Generation) at EDF.
Nostra Terra (LON:NTOG) 3.84p £5.2m
Acquisition of the Mesquite Prospect in the Permian Basin. The Mesquite Prospect comprises of 1,384 net acres in West Texas, with the potential to drill an estimated 8 horizontal wells.
Representing a 308% increase in the Company's total Permian Basin (net) acreage position
100% Working Interest
Nostra Terra to operate
Potential to drill an estimated 8 horizontal wells
Target initial production 200-300 barrels of oil per day per horizontal well based on analogous regional drilling
Additional vertical well potential
Nostra Terra to enagage a specialist firm to create a comprehensive Field Development Plan
Additional acquisition targets identified in the prospect area
Empresaria (LON:EMR) 75p £36.76m
“The international specialist staffing group, announced that it has appointed Rhona Driggs to its Board of Directors as Chief Operating Officer with effect from 5 Nov 2018. Ms. Driggs brings 28 years' experience of working in international companies within the staffing sector and has a proven track record of delivering growth and driving innovation.
Recognised as one of the Staffing Industry Analysts "Global Power 100 Women in Staffing", Ms. Driggs most recent role was President of Volt Global Solutions, with responsibility for the Managed Services division. Prior to that, Ms. Driggs was Executive Vice President for the commercial and technical staffing operations in North America where she ran a $1.2bn staffing business. Having worked within the Volt Information Sciences group and prior to that Kelly Services, she brings in-depth knowledge of the latest trends and operating models from the largest staffing market in the world.”
FYDec18E PE <6x.
Forbidden Technologies (LON:FBT) 6.25p £18.47m
“The developer and seller of Blackbird, the workstation experience in the cloud, announces that it is creating a new board role of "COO and CFO". The Company has appointed, subject to usual due diligence checks, Stephen White to this role. Stephen is currently Vice President Finance, UK and EMEA Emerging Markets at Comcast's NBC Universal's Networks Division and will start with the Company after serving his notice period. It is currently anticipated that Stephen will join the Board and commence his role in April 2019.
Stephen has 25 years' experience in senior finance roles with media companies such as NBC Universal, BBC Worldwide (now known as BBC Studios), The Walt Disney Company and Jetix after qualifying as a Chartered Accountant with Ernst and Young. “
NetScientific (LON:NSCI) 26.9p £21.13m
The transatlantic healthcare IP commercialisation group, announces that its portfolio company Glycotest Inc. has successfully agreed to a $10m Series A financing round with Shanghai Fosun Pharmaceutical Co., Ltd., a leading healthcare group based in China.
The transaction includes an equity investment of an upfront initial tranche of $3m, with the remaining $7m due on completion of certain milestones, in return for a 40% interest in Glycotest Inc.. The transaction is contingent on ODI (outbound direct investment) approval and The Committee on Foreign Investment in the United States (CFIUS) approval.
The proceeds will be used to bring Glycotest Inc.'s diagnostic HCC Panel, a biomarker panel driven by a proprietary algorithm for the detection and surveillance of curable early-stage hepatocellular carcinoma (HCC), towards commercialisation in the US and to advance pipeline assets in liver fibrosis and cholangiocarcinoma (bile duct cancer).