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Breakfast News - Ideagen, Wilmcote Holdings, Tremor International and more...

Set menuAIM:Total number of AIM Companies (Incl Susp):875*Total number of AIM Companies trading:791**as at close of business 08 October 2019Standard List** of Main Market:

Set menu

AIM:

Total number of AIM Companies (Incl Susp):

875*

Total number of AIM Companies trading:

791*

*as at close of business 08 October 2019

Standard List** of Main Market:

Total number of Standard List Companies

(Incl Susp):

165*

Total number of Standard List Companies trading:

143*

*as at close of business 08 October 2019

NEX Growth Market:

Total number of NEX Growth Market Companies (Incl Susp):

87*

Total number of NEX Growth Market Companies trading:

85*

*as at close of business 08 October 2019

*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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Millennium & Copthorne Hotels (MLC)

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Main Market premium

Registration document approved for Helios Towers. The Group provides essential network services, flexible infrastructure solutions and reliable power supply to mobile network operators in five African growth economies. Revenue increased 7 per cent. year-on-year to US$191m (H1 2018: US$178m), with Adjusted EBITDA up 15 per cent. year-on-year at US$99m (H1 2018: US$86m) for the six months ended 30 June 2019. Pricing rumoured at 115p to 145p implying valuation of up to $1.8bn. Expected Oct 2019.

Banquet Buffet

Ideagen (LON:IDEA) 149p £330m

Ideagen, a leading supplier of Information Management software to highly regulated industries, announced the acquisition of the entire issued share capital of Optima Diagnostics Ltd for a cash consideration of £1.8m paid on completion from the Company's existing resources.

Highlights

Optima is a Software as a Service company that has developed OSHENS, a SaaS based Health and Safety compliance solution

Optima has approximately 80 customers across highly regulated markets including Aerospace and Defence, Aviation and Energy - customers include Airbus, Sellafield, BAE Systems and Edinburgh Airport

This Acquisition supports the Group's strategy as a consolidator within the Global Quality, Health, Safety and Environmental ("QHSE") software market

On a current run rate Optima is generating approximately £1m in revenues (of which £0.9m is recurring) generating EBITDA of £0.1m

The Acquisition is expected to contribute £0.3m additional annual EBITDA to the Group.

Wilmcote Hldgs (LON:WCH) 65p £20.3m

Wilmcote Holdings announces that, further to its recent statements regarding a potential acquisition of Arclin Inc., the Company and Arclin have mutually agreed to conclude negotiations and, as such, discussions have ceased.

In line with the Company's mandate to pursue acquisition opportunities, Wilmcote has incurred material third party expenses in connection with this opportunity. The Company estimates it will have approximately £0.9 million in residual cash reserves following the settlement of negotiated transaction-related expenses, including associated VAT refunds.

Wilmcote intends to hold discussions with shareholders regarding the potential further capitalisation of the Company to fund future operating expenses and due diligence to continue to pursue acquisition opportunities in the specialty chemicals sector. A further announcement will be made following the conclusion of these discussions.

Wilmcote's ordinary shares will recommence trading with immediate effect.

Quiz (LON:QUIZ) 16.68p £20.7m

QUIZ, the omni-channel fashion brand, announces a trading update for the six-month period to 30 September 2019 . Overall, the Group's trading has been broadly in line with the Board's expectations against the backdrop of a difficult UK retail environment.

Group revenue in the period decreased by 5% to £63.3m (H1 2019: £66.7m). Gross margin for the period is expected to be in line with the Board's expectations at approximately 61%.

Online revenues grew by 7% to £20.0m (HI 2019: £18.7m), once adjusted for unprofitable revenue streams terminated during the year. Total online revenues in the previous period were £20.0m, consistent with the current year. The Group has continued to experience solid growth through its own QUIZ websites, with sales increasing by 12% year-on-year. This reflects continued investment in the Group's online proposition and product range, as well as effective marketing

Tremor International (LON:TRMR) 133.5p £162.5m

Tremor International Ltd, a global leader in video advertising technologies, announces that its RhythmOne media division has achieved a number of top rankings in the Q2 2019 Programmatic Seller Trust Indexes as issued by omni-channel fraud intelligence company Pixalate.

RhythmOne ranked first among its peers in each of Pixalate's Global, Mobile and Video Trust Indexes. RhythmOne's ability to successfully combat invalid traffic and fraud is driven by RhythmGuard, the Company's proprietary brand safety technology. RhythmGuard's unique detection algorithms, combined with data from recognised third-party verification partners, help to ensure uniform quality across supply and demand partners.

Symphony Environment* (LON:SYM) 7p £12m

Symphony Environmental Technologies PLC, a global specialist in additive, masterbatch and concentrates technologies that enhance the properties of plastic and complementary non-plastic products by making them either biodegradable or resistant to bacteria, fungi, algae, moulds, insects, fouling and fire, is announced that the London Stock Exchange has awarded the Company its new Green Economy classification and mark. Symphony has been included within the first cohort of companies to receive this award. The official launch of the Green Economy Mark and other Green initiatives is today (Market Open 7.40-8am Market Open Summit: 08:30 - 13:30) at the inaugural 'Sustainable Finance and Investment Summit' and Market Open event. The event is being live streamed on the LSE website and the mark will also be shown on Symphony's profile.

Codemasters Grp Hldg (LON:CDM) 216p £298m

Codemasters, the video game developer and publisher specialising in high quality racing games, confirms today's release of GRID.

The game features 104 career events across 12 race locations, the best drivers including Fernando Alonso and his esports team, FA Racing Logitech G and the return of the revered Ravenwest Motorsport.

GRID recently won 'Best Racing Game' at the gamescom Awards 2019 having previously picked-up 'Best Racing Game' at E3, the world's premier event for computer and video games, from Game Informer and DualShockers.

Dart Group (DTG) 1,056p £1,392m

As reported at our Annual General Meeting on 5 September, in the Leisure Travel business they have continued to receive encouraging levels of later season bookings, with overall demand for both our Flight-Only offering and Package Holiday products continuing to strengthen.

They have also experienced increased levels of customer demand since Thomas Cook Group Plc entered into compulsory liquidation in late September 2019 and we continue to assess the impact this will have for our business in the coming months.

Given the strengthening booking trend, the Board now believes that current market expectations for Group profit before foreign exchange revaluations and taxation for the year ending 31 March 2020 will be exceeded. The Board will provide a further update on publication of its interim results on 21 November 2019.

Columbus Energy Res (LON:CERP) 4.05p £33.32m

Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, provides the following update about the Saffron well in the South West Peninsula, Trinidad.

The drilling rig to be used for drilling the Saffron well (Talon #38) is now on location and ready to commence drilling operations. The drilling operations will commence in the next few days following official Ministry inspection and approval.

Blancco Tech Grp PLC (LON:BLTG) 130p £94m

Blancco Technology Group, a leading global provider of mobile device diagnostics and secure data erasure solutions, announces that it is one of the first companies to be awarded the London Stock Exchange's new Green Economy Mark accreditation.

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