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Small Cap Wrap - Reabold Resources, Inspiration Healthcare, Live Company Group and more...

Wheaton precious Metals (TSE: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.

Wheaton Precious Metals - Small Cap Wrap -

23 Sep 2020

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Wheaton Precious Metals (TSE: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 EUR1,691.7 - EUR2,105.2 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

Banquet Buffet

Frenkel Topping 48.5p  £52.4m (LON:FEN)

Frenkel Topping notes the announcement by NAHL Group PLC earlier today and confirms that it has made an indicative non-binding proposal to NAHL to combine the two businesses through an all-share acquisition by Frenkel Topping of NAHL's entire issued and to be issued share capital .

Frenkel Topping believes that there is a clear strategic, operational and financial rationale to combining these two complementary businesses that focus on providing excellent professional support to the victims of life changing injury, incident or clinical negligence. Frenkel Topping believes that a combination would be compelling to both sets of shareholders and to the broader stakeholders of both companies. Frenkel Topping is mindful that the combination is subject to due diligence and would require a careful assessment of the position of NAHL's consumer legal services division within the combined group and that this may lead to a divestment of the division in due course.

 

Strix Group  233.5p  £464m (LON:KETL)

The specialist in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, has entered into a conditional agreement to acquire, through its newly incorporated indirect subsidiary, Strix Italy S.r.l., the entire share capital of LAICA S.p.A ("LAICA") for an initial consideration of approximately EUR19.6 million, comprising approximately EUR11.6 million in cash and EUR8.0 million in Strix ordinary shares, with up to a further EUR12.0 million payable in cash subject to certain conditions being met, including threshold financial targets for the financial years ending 31 December 2021 and 2022.

LAICA is an Italian company focussed on water purification and the sale of small household appliances for personal health and wellness. In the 12 months ending 31 December 2019, LAICA generated revenue of EUR20.4m, Adjusted EBITDA of EUR2.9m and Adjusted Profit Before Tax of EUR2.6m. Similarly to Strix, LAICA has shown strong resilience against the adverse headwinds created by the global pandemic and has seen significant demand for its products given its focus on health and wellness markets. Strix expects that LAICA's strong track record of organic growth and cash generation will continue.

 

Staffline Group  28.65p  £19.75m (LON:STAF)

Appointment of Albert Ellis, currently Non-executive Director, as Chief Executive Officer with effect from 1 October 2020. Albert was appointed to the Board of Staffline in March 2020 and has extensive executive level experience in the recruitment and human capital sectors. Most recently, Albert served as Group Chief Executive Officer at Harvey Nash Group, the AIM quoted technology recruitment and IT outsourcing group, for 14 years before it was sold in 2018. Prior to his time at Harvey Nash, Albert spent five years at Hays PLC, the FTSE 250 professional recruitment business, where he held various roles as a Senior Finance Executive.

 

Mobile Tornado 5.1p  £19.4m (LON:MBT)

The provider of instant communication mobile solutions to the enterprise market, announced that Hubbcat, the Company's partner in the Caribbean, has successfully deployed a COVID quarantine track and trace program, utilising the Company's PTT solution, with the Government of The Bahamas. The program has been designed to protect both residents and critical front-line responders whilst providing safety and security assurance to inbound travellers. 

The App-based quarantine system can be either downloaded directly to cellular devices or "pushed" to previously identified high-risk or vulnerable patients remotely. The application utilises the "talk/locate/alert" functionality and allows the Company's MDC2000 Dispatch Console to "geo-fence" around each required location and for alarms to be triggered should an individual breach protocol or leave their designated place of isolation.

 

Applied Graphene Materials  34.5p  £17.13m (LON:AGM)

The producer of speciality graphene additives, announced that INFINITY WAX, a leading innovator in car care products, will launch the ground-breaking QDX Graphene Detailing Spray during Q4 2020. Detailing sprays are used to elevate shine and enable car owners to wipe away dirt in a far more straightforward manner. When launched, the product which is enhanced with AGM's market-leading G enable®   graphene dispersions will be available to car owners of all types representing yet another significant milestone achieved by the Company.

 

Amino Technologies  122p  £92.8m (LON:AMO)

The global provider of media and entertainment technology solutions announced AminoOS' upcycling technology is enabling Colsecor, a leading Argentinian cable cooperative, to launch its new OTT services, SENSA, throughout Argentina.  Amino is working with Pontis Technologies, a leading systems integrator focused on implementing end-to-end IPTV and OTT projects, to upcycle a range of deployed devices to bring SENSA service to Colsecor's Argentinian customer-base.  

 

Live Company Group  8p  £7m (LON:LVCG)

LVCG is pleased announced the first contract for Paddington Bear has been signed with White Rose shopping Centre, Leeds. This is the second time LVCG has partnered with the White Rose Centre who are delighted to be showcasing the Paddington Bear Models during the Christmas period 2020.

 

Our shopping centre partners have experienced extremely challenging times recently. This new contract demonstrates that this sector of our business is recovering and that our partners continue to believe in our products as a way of enhancing their offering all be it in a new and socially distanced manner. We believe that this will be the first of many bookings of the iconic Paddington Bear models.  " LVCG owns the rights to BRICKLIVE - an interactive experience built around the creative ethos of the world's most popular construction toy brick

 

Inspiration Healthcare  63.5p  £43.16m (LON:IHC)

The global medical technology company has appointed Dr. Peter Reynolds as the Group's Vice President for Clinical Innovation and Compliance. Peter is a Consultant Neonatologist and Paediatrician based at St. Peter's Hospital, Chertsey, Surrey and has a strong track record in research, quality improvement and teaching. He holds an MB.BS medical degree, a MSc (University of London) in Clinical Paediatrics, and a PhD (Imperial College London) in Immunology. He has also achieved the MRCPCH, MRCGP and DRCOG Royal Colleges exams. 

 

Reabold Resources  0.58p  £41.16m (LON:RBD)

H1 Results.  A period of positive progress.

·   Site works commenced for drilling of the West Newton B-1 well , with A-2 well test planned to begin following completion of B-1 well.

· Additional commercial discovery on West Brentwood licence in California.

· Opportunistic conditional acquisition of a direct 16.665 per cent. interest in the West Newton field from Humber Oil and Gas Limited ("Humber") for consideration of 350,000,000 new Ordinary Shares and £1.4 million in cash; taking the Company's effective economic interest in West Newton to circa 56.4 per cent. from 39.7 per cent.

· Secured additional liquidity in the form of a £5 million discretionary equity line cash facility to provide the Company with further financial flexibility and strength.

· Commencement of well test operations at the Iecea Mica-1 ("IMIC-1") well in Romania to confirm the suitability of the gas composition for commercial sales. 

· Strong cashflow generation from Californian portfolio despite downturn in oil prices with production sales realising $38.1/boe at a low operating cost of $14.4/boe.

The Group loss for the 6 months ended 3 0 June 2020 was £508,000 compared to a loss of £ 1,699,000 for the corresponding period in 2019, reflecting a significant reduction in the share of losses of associates of £380,000 (2019: £1,023,000) and a reversal of the provision for VAT not claimable in the net amount of £244,000, following a decision by HMRC in favour of the Company's VAT position, post balance sheet date.   Cash and cash equivalents as at 3 0 June 20 20 was £5,485,000 (201 9 : £ 2,765,000 ). 

 

Ilika  85.5p  £118.5m (LON:IKA)

The pioneer in solid-state battery technology, announced the signing of a framework agreement with the UK Battery Industrialisation Centre (UKBIC) for the production of Goliath solid-state pouch cells.

 The framework agreement will support the of scale up of Ilika's production of large-format solid-state lithium-ion cell technology, which has the potential to transform the performance and safety of domestic appliances as well as electric vehicles (EVs).

Currently operating from a pre-pilot production line capable of producing 1kWh per week, Ilika has plans to scale up its current site in Romsey, UK to an automated facility producing 10 kWh per week by 2022. The next stage of scale-up will involve it reaching 5 MWh per week to satisfy increasing customer demand. The signing of the framework agreement with UKBIC is a significant and important step towards achieving that goal.

 

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Derren Nathan

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