Small Cap Feast

Small Cap Feast – 05 December 2019

Set Menu AIM:

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Set Menu NEX Growth:

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Set Menu Standard List:

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Dish of the Day:

The Pebble Group. AIM. PEBB.L. A provider of products, services and technology to the global promotional products industry . The Company has raised approximately £79 million through the placing at a price of 105 pence per share. The selling shareholders will receive gross proceeds of £56 million through the placing.  Market cap on listing is £175m.  FY 2018 numbers showed £93m in revenues, PBT £1.8m.

Off the Menu:

No Leavers Today

 

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

What’s cooking in the IPO kitchen?

AIM

MJ Hudson Group PLC, the financial services support provider to Alternatives fund managers and asset owners, is planning an AIM IPO. Deal details TBC but expected admission date mid-December.

Main Mkt Standard

Taseko Mines  – North American focused copper producer and developer, seeking a London Listing. No capital raise. Due 22 Dec

Main Mkt Premium

Octopus Renewables – Seeking raise of up to £250m. Will seek to provide investors with an attractive and sustainable level of income returns, with an element of capital growth by investing in a geographically and technologically diversified spread of renewable energy assets—Due 10 Dec

NEX Exchange

 SulNOx Group  – The Group has developed a methodology and process capable of emulsifying hydrocarbon fuels such as diesel and heavy fuel oil . By January 2014, following preliminary laboratory testing, SulNOx was in a position to suggest that its products resulted in up to a 50% reduction of Nitrogen Oxide (NOx) and a 90% reduction in particulate matter Due 17 Dec, mkt cap £42.3m.

 

Breakfast Buffet

Fox Marble (FOX.L) 3.1p £7.2m

Company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to announce that it is has signed its first contract for the processing of third party blocks, which represents an additional revenue stream for the Company.

Fox Marble now has three principal sources of revenue from three separate activities, those of block sales from its Prilep quarry in North Macedonia; sale of processed material from blocks of its own material quarried in Kosovo and Macedonia and block processing for third parties.

Under this new third-party agreement, Fox Marble will process stone on behalf of Inter Stone LLC at the Company’s factory at Lipjan in Kosovo.  First order under this contract, expected to be fulfilled in December 2019, will generate around €100k in revenues for the Company.  The level of production will be up to a maximum of 1,000 tons per month, depending on the capacity that Fox Marble requires for its production of its own material.

 

Cora Gold (CORA.L) 5.9p £7.5m

Cora has received a maiden pit constrained Mineral Resource Estimate from independent consultants SRK Consulting (UK) Ltd  for its Sanankoro gold project in southern Mali.

 Pit constrained Maiden Inferred Mineral Resource of 5.0 million tonnes (Mt) at 1.6 g/t Au for 265,000 ounces of gold

  • Reconfirmation of the SRK derived Exploration Target of between 30 Mt and 50 Mt at a grade of between 1.0 and 1.3 g/t Au, for approximately 1-2 million ounces of gold, originally derived by SRK in 2018
  • MRE based on under 25% of the total 40 linear km strike length of the potential mineralised zones identified to date

 

Crossword Cybersecurity* (CCS.L) 480p £22.5m

Crossword’s Consulting division has received CREST accreditation for its penetration testing services. This means that the Company now holds certifications from CREST, IASME and Cyber Essentials Plus.  CREST is an international not-for-profit certification body that represents and supports the technical information security market.

“ Commercially, this will help the Company to retain existing clients and tap into a new pool of potential clients who require this accreditation to perform penetration test services. Via CREST, Crossword’s consultants will also benefit from being on the inside track of new opportunities and developments in technical information assurance, as well as having access to industry leading guidance, standards and opportunities to share and enhance their knowledge.”

 

Circassia (CIR.L) 20.9p £78.4m

 Board Changes—CEO and co-founder Steve Harris to step down at the end of the year. Immediate  appointment of highly experienced life science company Director Ian Johnson as the Company’s Executive Chairman. Ian is currently Non-Executive Chairman of Redcentric PLC and a Non-Executive Director of Ergomed PLC.  appointment of highly experienced life science company Director Ian Johnson as the Company’s Executive Chairman. Ian is currently Non-Executive Chairman of Redcentric PLC and a Non-Executive Director of Ergomed PLC.

The Company reiterates the guidance given in its interim financial results on 26 September 2019 and confirms that it anticipates achieving full year 2019 revenues of £60 million – £65 million (2018: £48.3 million) with a dramatically reduced net cash outflow in H2 2019 compared with H1 2019.

 

Bigblu Broadband (BBB.L) 103.5p £59.6m

 FY Nov 19 results.  Trading for the year was in line with management expectations with continued improvement in the Company’s key performance indicators including customer additions, revenue growth, ARPU’s and EBITDA margin.

During the period the Company secured new funding to accelerate Quickline’s growth plans. It also launched a new partnership with Eurobroadband Infrastructure (“EBI”), a subsidiary of Eutelsat (Euronext: ETL) in relation to the roll-out of super-fast broadband across additional European countries. This was subsequently extended to include other countries including Spain, the Nordics and Portugal.

Under this agreement BBB now offers customers unlimited packages with broadband speeds of up to 50 Mbps download. We expect these speeds to continue increasing in 2020 with new satellites being launched.

 

Live Company Group (LVCG.L) 30p £21.85m

“Live Company Group plc (AIM: LVCG) provides the following update in respect of the £1.0 million Riverfort Facility.

Further to its announcement of 29 November 2019 (the “Announcement”), the Company confirms that discussions remain ongoing with the Investors, regarding the Proposed Extension, and, accordingly, the Investors have agreed to extend the payment of the Outstanding Balance due under the Facility from 5 December 2019 to 13 December 2019.”

 

Plexus Holdings (POS.L) 24.5p £24.1m

AGM Statement. “Annual Reports are forward as well as backward looking.  Our recently published 2019 report did not just summarise the financial results for the year ended 30 June 2019 but also our strategic vision to transform Plexus into an IP-led business based on POS-GRIP, our proprietary method of friction grip engineering that has raised the bar in terms of wellhead performance, reliability and safety. The Chairman’s Statement detailed the ‘reset and rebuild’ strategy we are pursuing following the sale of our jack-up exploration wellhead rental business to leading oil and gas services company TechnipFMC in 2018. Meanwhile, the headline financials, notably a ten-fold increase in revenues generated from continuing operations to £3.6 million, showed the progress we are making in rebuilding our revenues, although as was noted the lead times associated with the sale of production wellheads, which we are now targeting as opposed to the rental of exploration wellheads, are much longer.”

 

Microsaic (MSYS.L) 0.975p £3.99m

 The developer of point of need mass spectrometry (“MS”) instruments, is pleased to announce that it has signed an exclusive distribution agreement with ST Japan Inc (“ST Japan”) to distribute Microsaic’s branded 4500 MiD® MS detector in Japan.  The 4500 MiD is a robust and compact MS detector with an integrated computer and vacuum pump, whose small footprint and ease of use make it deployable anywhere within laboratory or processing facilities.

Established in 1990, and with offices in Japan, the US, Europe and South Korea, ST Japan designs and manufactures its own laboratory equipment and software which it sells world-wide. These include infrared, nuclear magnetic resonance, ultraviolet and Raman analysis equipment and software which has application in multiple markets for chemical and pharmaceutical analysis. ST Japan also distributes OEM equipment for the Japanese market, which includes mobile and portable analysis techniques.

 

AFC Energy (AFC.L) 19.775p £89.1m

The provider of hydrogen power generation technologies, is today pleased to confirm the successful launch of its H-PowerTM EV Charger System and wishes to announce its blue-ribbon partnership with the British Motor Show 2020 as the event’s Official EV Charging Partner.    To this end, AFC Energy will later today take to the stage at the official product launch of its zero emission, rapid H-PowerTM EV Charger.

Altus Strategies (ALS.L) 4.75p £8.45m

 Altus has now entered  into a Strategic Investment Agreement with La Mancha Holdings S.à.r.l, a Luxembourg-incorporated private gold investment company. C$11.2m at C$0.09.  Approximate 20% premium to the closing market price.  Subject to regulatory and Altus shareholder approval.

 

Head Chef:

Derren Nathan
0203 764 2344
derren.nathan@hybridan.com

*A corporate client of Hybridan LLP

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