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Small Cap Feast - Incanthera; Corcel; Shanta Gold; Power Metal; Learning Technologies; Open Orphan; Blue Star Capital; Symphony Environmental Technologies and more...

Symphony Environmental Technologies* 28.5p £48.95m (AIM:SYM) Brazilian Supermarket Chain Cotripal Launches Carrier Bags Which Are Both Anti-Microbial And Biodegradable.

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What’s cooking in the IPO kitchen?

Wheaton Precious Metals (TSX:WPM) – Proposed secondary listing on bringing one of the world’s largest precious metal streaming companies to the London Stock Exchange. Due Q 2020

AB Ignitis grupe—leading utility and renewable energy company in the Baltic region. Admission of its Shares to the Main Trading List of Nasdaq Vilnius and admission of its GDRs to the Official List of the FCA. Offer Price Range corresponds to a market capitalisation of approximately €1,691.7 – €2,105.2 million. Due 7 Oct.

Calnex,  an established provider of test and measurement solutions for the global telecommunications sector, will raise a total of £22.5 million (before expenses), comprising £6.0 million for the Company and £16.5 million for existing shareholders .  Due 5 October 2020, under the ticker CLX. Based on the Placing Price, the market capitalisation of the Company will be £42.0 million on Admission.

Various Eateries to float on AIM. Admission is expected to take place end of September/early October 2020. The Company intends to raise up to £25 million by way of a placing .  Established platform business operating two core brands, Coppa Club & Tavolino, both positioned to benefit from the post-Covid environment.   The Directors believe site availability, acquisition opportunities, reduced competition, availability of talent and changes in consumer behaviour provide opportunities to accelerate the Group’s growth .

Mode Global Holdings to join LSE (standard).  Mode is a UK-based Fintech Group, building a modern financial services business to support an increasingly digitised economy and financial system, combining the best of banking, payments, investment, loyalty and digital assets.  Targeting £7.5m raise.

Guild Esports a UK-based owner and developer of esports teams, has announced its intention to seek a listing of its ordinary shares to the Standard Listing segment of the London Stock Exchange this autumn.  its founding shareholders include David Beckham, former football player and captain of England, and now co-owner of new MLS team Inter Miami CF.

HOME REIT intends to float to the Main Market raising up to £250m. The Company will seek to contribute to the alleviation of homelessness in the UK, whilst targeting inflation-protected income and capital returns, by investing in a diversified portfolio of assets across the UK which will be dedicated to providing accommodation to the homeless.  Due Mid October

Sativa Wellness Group—(Canadian Securities Exchange: STIL) renamed from Stillcanna Inc following the conditional acquisition of  Sativa Group (AQSE:SATI) to list on the AQUIS Exchange. A fully integrated European seed to consumer CBD group with the pricing, products, and stability to meet the CBD market demand in the medium term. With world-class extraction and formulation experts, an agricultural team that has over 20 years’ experience farming hemp, along with laboratory testing capabilities, the group has established itself globally as a trusted source of high-grade, premium wholesale CBD brands and products.

Umuthi Healthcare Solutions Plc, the technology led healthcare business focused on the distribution of pharmaceuticals and the provision of medical facilities in remote areas, seeking admission to the Standard Listing segment of the Official List

Kibo Energy PLC, the multi-asset Africa focused energy company, is seeking admission for its 100% owned UK subsidiary Sloane Developments Ltd , which will be renamed Mast Energy Developments PLC (MED), to the Standard List of the London Stock Exchange plc . Targeted for Q4 2020. The MED business strategy is to acquire and develop a portfolio of flexible small-scale power generation assets, exploiting a growth niche market in the UK for Reserve Power generation to balance out the national grid at critical times. 

 

Breakfast Buffet

Symphony Environmental Technologies* 28.5p £48.95m (AIM:SYM)

Brazilian Supermarket Chain Cotripal Launches Carrier Bags Which Are Both Anti-Microbial And Biodegradable.

The  global specialist in technologies that “make plastic smarter” reported that the Cotripal Agropecuária Cooperativa  chain of supermarkets in Brazil, has announced the launch of their new d2w (biodegradable) and d2p (antimicrobial) carrier bags. Symphony are Cotripal’s technology partner and Symphony’s exclusive distributor RES Brasil are the masterbatch supplier. The bags are made by Plastifilme, who have been using d2w successfully since 2004.

Testing of d2p samples by UNICAMP University in Brazil according to ISO 21702 found a virus reduction of 99.9% in only one hour, which is vital during the coronavirus pandemic.  d2p has also been proved effective against bacteria and fungi, which is important as many carrier bags are never disinfected and are left in the car where microbes can multiply quickly.  As the antimicrobial properties are embedded in the plastic, they will never wear off – unlike spraying, wiping, or coating.

 

Blue Star Capital 0.23p £9.3m (AIM:BLU)

The investing company with a focus on esports, payments, technology and its applications within media and gaming,  updated on its investee company SatoshiPay . SatoshiPay has today announced the launch of its B2B payments platform, DTransfer, which is able to facilitate instant cross-border payments for businesses.  Built on SatoshiPay’s blockchain technology and the Stellar network, DTransfer is aiming to establish a new standard for global payments, focussing on speed, cost and transparency.  DTransfer integrates currency exchange into each transaction and allows customers to track payments in real-time. Further, DTransfer will allow approved banks and businesses to join a compliance network to share KYC/KYB data.

To date, DTransfer has connected its payment platform to banking networks in Europe, US, Mexico, Nigeria and Tanzania and has signed up its first client, a European business operating in the microfinance industry in sub-Saharan Africa.

 

Ethernity Networks 18p £7.3m (AIM:ENET)

The  supplier of networking processing technology ported on FPGA (field programmable gate array) for virtualised networking appliances, has signed a contract to provide an Indian telecom OEM with end-to-end system functionality to enable up to 360Gbps Cell Site Router (CSR) appliances. Ethernity will provide a complete vRouter software stack running on top of its CSR FPGA firmware embedded on an FPGA system-on-chip that will be positioned by the manufacturer as a programmable router and security platform for Indian telco networks.

The contract provides for stage payments totalling $1.5 million on a milestone basis during 2020 and 2021 and includes a committed order for design kit, initial design, FPGA, and software. Subject to successful execution, the OEM anticipates that the contract could lead to further significant annual revenues for Ethernity from the supply of additional ENET FPGAs and vRouter software licenses for large scale deployments.

 

Open Orphan 14.65p £97.5m (AIM:ORPH)

The specialist CRO pharmaceutical services company which is the world leader in the testing of vaccines and antivirals using human challenge clinical trials announced that Open Orphan’s Paris subsidiary Venn Life Sciences (“Venn”) has secured an important new contract to support a major European pharmaceutical company.

The Paris team of Venn will be assisting a prospective, multicentre, longitudinal, non-interventional oncology study which is expected to enrol over 750 subjects whereby Venn will handle all data management, statistics and medical writing for the study.

 

Learning Technologies 134.65p £993.7m (AIM:LTG)

Proposed acquisition of eCreators for an initial cash consideration of A$5.5 million (c.£3.1 million). -Australia’s award-winning and largest commercial provider of Moodle, the open-source Learning Management System (“LMS”)

– Builds on LTG’s position in high-value Moodle market , following acquisition of Open LMS in March

The acquisition will be funded from existing cash and is expected to be immediately earnings accretive.

 In the fiscal year ended June 2020, eCreators generated unaudited revenues of c.A$4.6 million (c.£2.6 million), of which approximately 60% are recurring subscription fees. The proposed acquisition is subject to regulatory approval and is expected to complete before the end of October 2020.

 

Power Metal 1.175p £9.5m (AIM:POW)

Power Metal  has received the Independent National Instrument 43-101 (“NI 43-101”) Technical Report (the “NI 43-101 Report” or “Report”) on the BMV Gold Project held by its Australian gold joint venture (“JV”) company Red Rock Australasia Pty Ltd (“RRAL”) in which POW has a 49.9% interest.

Paul Johnson Chief Executive Officer of Power Metal Resources plc commented:

“The receipt of the NI 43-101 is a key moment where, for the first time, investors can see in this report a detailed review of the geological prospectivity and potential within eight of the RRAL licence applications. The report accelerates the JV to the next stage of its development, charging RRAL with more detailed exploration plans to implement on licence grants and to assist with corporate negotiations in respect of RRAL interests.

Both Power Metal Resources, and our JV partner Red Rock Resources PLC, through RRAL have an interest in one of the largest Victoria goldfields licence application footprints.  RRAL is a substantial venture and the Report is the accelerant needed to capture the value opportunity available.  The JV partners have many options through which to create value and are working at pace to move this exciting opportunity forward.”

 

Shanta Gold 17.3p £147m (AIM:SHG)

The East Africa-focused gold producer, announced the expansion of processing capacity at the New Luika Gold Mine (“NLGM”). Integration of a new pilot plant has started with commissioning scheduled for January 2021.

Milled throughput nameplate capacity to increase by 14% at NLGM

Total capex of approximately US$1.2 million

Equipment arriving on site in September 2020 · Commissioning in Q1 2021

 

Corcel 1.1p £2.1m (LON:CRCL)

The natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces the receipt of both Planning Permission and a Grid Connection for the Burwell energy project.

Highlights:`

100MW 132kV connection offer received from UK Power Networks

Planning permission for initial 50MW battery site granted by East Cambridgeshire District Council

 

Bion 2p £8.6m (LON:BIO)

Acquisition of two biogas power plants  from its associate company, Megagreen Energy Sdn Bhd (“MGE”), which increases its installed capacity to 7.0MW, and the arrangement of additional financing facilities.

Total consideration of MYR45.99m. The Acquisition is being funded via a combination of borrowing from the Small Medium Enterprise Development Bank Malaysia Berhad (“SME Bank”) (MYR32.0m) and cash (MYR13.99m). The cash element is being offset against receivables due from MGE. The Acquisition of two BPPs, with a combined installed capacity of 3.0MW, increases the Company’s installed capacity to 7.0MW. Commercial operations at the two BPPs are expected to commence by year end, subject to the receipt of approvals from the relevant authorities. The BPPs are under the Malaysian Feed-in-Tariff (“FiT”) programme with 16-year power purchase agreements with Tenaga Nasional Berhad, the country’s largest integrated electricity company. Once the two BPPs are running at full capacity, they are expected to contribute approximately MYR9.0m (approx. £1.7m) in revenues per annum over the 16-year period.

 

Incanthera 14.5p £8.8m (AQSE:INC)

The specialist oncology company focused on transforming cancer treatment, announced successful study results for its skin cancer technology, Sol.

 Sol is a proprietary topical formulation designed to deliver into the skin an active known to prevent the conversion of solar (actinic) keratoses into skin cancer.

A new refined formulation of Sol demonstrates statistically significant greater dermal delivery compared with four known comparator products

Confirmation of exceeding bioequivalence compared with oral delivery

 

Head Chef:

Derren Nathan
0203 764 2344
[email protected]

*A corporate client of Hybridan LLP

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