Trinity Exploration, MySQUAR & Dillistone Group...


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Total number of AIM Companies (Incl Susp):




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*as at close of business  30 October 2018


Standard List**  of Main Market:


Total number of Standard List Companies


(Incl Susp):




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NEX Growth Market:


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*as at close of business 30 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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NEX Group, formally ICAP has left the Main Market (Premium) following a takeover by CME Group


Banquet Buffet


MediaZest* (LON:MDZ) 0.09p £1.16m


HYSep18 results from the  creative audio-visual company.


Revenue for the period was £1,819,000, up 36%


Gross profit was £932,000, up 45%


EBITDA was a profit of £156,000


Net profit for the period after taxation of £90,000


Cash in hand at period end was £12,000 (2017: £103,000), although following period end additional monies were received/are expected shortly from a material overdue debtor.


Enjoying considerable international success at a time when the domestic UK retail market is under pressure, which can result in the postponement of or delay in retail investment from some UK participants. Notwithstanding, the Group is developing, currently, several roll out / substantial deployment opportunities which would enable the Company to show further progress both in the current and future reporting periods.


Sirius Minerals (LON:SXX) 23.98p £1.1bn


Its subsidiary York Potash Processing and Ports Ltd and McLaughlin & Harvey Ltd have entered into an engineering, procurement and construction contract for the development of the Company's port handling facility at Teesside.


The Contract scope comprises the design and build of works associated with the port handling facilities including; product storage facilities for approximately 250,000 tonnes of product, ship loading equipment, ship outload infrastructure, and the final product screening facility.  The Contract price, which will be incurred in GBP and EUR, is on a lump sum basis and is in line with the Company's capital re-estimate announced on 6 September 2018 [up to $538m]. The proposed schedule for the works fits within the Company's overall Project schedule.


Xeros Technology (LON:XSG) 43p £42.65m


“The developer and provider of water saving technologies with multiple commercial applications, has signed an agreement with Eastern Laundry Systems Inc ('ELS'). ELS has been granted the exclusive rights to take over the servicing of Xeros' commercial laun­dry customers in nine states across the East Coast of the US, including New York, New Hampshire and Massachusetts. The Group's commercial laundry business is branded Hydrofinity.


ELS, based in Taunton, Massachusetts is a large full-service distributor of commercial laundry equipment, parts and chemistry to both the on-premise laundry and laundromat markets.  It will now service all Hydrofinity's existing and future customers in the region with significant savings accruing to Xeros. ELS will also continue to stock and sell Hydrofinity commercial washing machines.


This agreement reflects the Hydrofinity strategy to reduce its physical presence in markets and progressively move to a licensing model.”


Trinity Exploration (LON:TRIN) 15.75p £60.49m


“The independent E&P company focused on Trinidad and Tobago, announces that, as operator, it has submitted the first phase of its Field Development Plan ("FDP") for the TGAL Area, located on the Galeota Block, offshore the East Coast of Trinidad, to the Ministry of Energy and Energy Industries ("MEEI"). This FDP is the first phase of a potential wider step-out development moving across the Galeota anticline to fully develop the reserves potential from the large volumes of oil in place (circa 700 mmbbls).”


The First Phase FDP contemplates producing 14.5 mmbbbls (gross) through the drilling of up to 10 development wells, with first oil being produced by H1 2022 and production projected to peak at around 5,800 bopd by year 2;


At Final Investment Decision these resources would be reclassified as 2P reserves, potentially resulting in an over 40% uplift to Trinity's current 2P reserves of 23.2 mmbbls


MySQUAR (LON:MYSQ) 0.29p £2.53m


“The Company announces that it has requested the suspension of trading on AIM of the ordinary shares of no par value in the capital of the Company with effect from 7.30am today pending the clarification of the Company's financial position. This follows a review of the account into which the proceeds were paid of the bond issues announced on 7thMarch 2018 and 20th June 2018.


The Company's cash balances are very low and it has sought to draw down on the $1m facility from Rising Dragon Singapore Pte Limited without success.  As a consequence there is material uncertainty regarding the Company's working capital position.


The Company has also withdrawn the application for admission to trading on AIM of the 171,428,571 Shares issued by way of a placing announced on 30 Oct 2018.”


Angus Energy (LON:ANGS) 11.53p £44m


Conditional Placing to raise £2.0 million (before expenses)


22,222,222 new Ordinary Shares placed at 9p per share with institutional and other investors. Friday’s closing mid price was 13.2p.


Production at Brockham from the Kimmeridge layers planned to commence before end of this year


Net placing proceeds of approximately £1.85 million for general working capital purposes and business development opportunities


Dillistone Group (LON:DSG) 52p £10.2m


The “supplier of software for the international recruitment industry,  announced that its GatedTalent service, the platform allowing executive recruiters to engage with senior level executives, has achieved a number of significant milestones.


Most notably, the service has seen its first revenue derived directly from executive members.  Previously, all revenue through the platform has come from recruiters and, while core services will remain free for executives, the ability to generate revenues from enhanced membership services will enable the Group to deliver faster revenue growth.


The new services come against a backdrop of accelerating membership growth in October.  Approximately 7,000 new members joined the platform in the month, an increase of more than 30% on Sept signups.  Sept - which had previously been the best month for the service - was itself a 30% increase on Aug.”


LPA Group (LON:LPA) 110.5p £13.68m


FYSep18 trading update from the high reliability LED lighting and electro-mechanical system manufacturer and distributor . “LPA is pleased to announce record sales in the year ended 30 Sept 2018. Despite a reduction in activity during the final quarter due to the CrossRail delays, results for the full year are expected to achieve market expectations.


These delayed CrossRail deliveries will benefit the current financial year, which has started encouragingly with a major contract win.  LPA Lighting Systems has been awarded (subject to contract) the upgrade for the lighting on London's Central and Waterloo & City lines rolling stock.  The contract, valued at over £4m, will begin to benefit the second half of the financial year and after a pause will run through to 2023, with an ongoing through-life support contract to 2043.”


FYSep18E rev £24,7m.  PBT £2.1m. PE c.8x.


CAP-XX (LON:CPX) 8.8p £26.5m


The specialist “in the design and manufacture of supercapacitors and energy management systems, is pleased to announce that the Company has raised gross proceeds of £1.75m (approximately A$3m after fees), by way of a subscription  at 8.5p,  a discount of approximately 8% to the closing mid-market price on 2 Nov 2018.


The proceeds of the Subscription will be used to advance the Company's strategy to increase product sales and to complete additional licence agreements.


FYJun19E $4.7m and pre-tax loss £26.5m.


Reabold Resources (LON:RBD) 0.74p £28.23m


“Reabold has signed a subscription agreement with Rathlin Energy (UK) Limited, a wholly-owned subsidiary of Calgary-based Connaught Oil & Gas Limited, to invest a total of £3m for an equity interest of 37.08% in Rathlin, which is the operator of the PEDL183 license onshore UK.  The investment is conditional on, inter alia, the completion of a farm out, by Rathlin, of PEDL183 to Union Jack Oil PLC and Humber Oil & Gas Ltd which will result in Rathlin retaining a 66.67% equity interest in PEDL183. The license contains the significant West Newton A-1 gas discovery, and the investment is intended, together with the Farm Out, to fund the drilling of an appraisal well on this discovery in Q1 2019.”

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