Small Cap Feast

Small Cap Feast – 05 September 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 878

Total number of AIM Companies trading: 797*
* As at 02 September 2019

Set Menu NEX Growth:

Total number of NEX Growth Market Companies (Incl Susp): 87*

Total number of NEX Growth Market Companies trading: 85*
* As at 02 September 2019

Set Menu Standard List:

Total number of Standard List Companies (Incl Susp): 166*

Total number of Standard List Companies trading: 144*
* As at 02 September 2019

Dish of the Day:

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Off the Menu:

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Dish of the Day:

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Off the Menu:

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What’s Cooking in the IPO Kitchen?

NEX

Bracken Trading — The Group undertakes its main trade of lending as well as electricity generation through the operation of two solar farms. Admission on the 09/09/2019

WORLD HIGH LIFE—The Investment Vehicle is to identify investment opportunities and acquisitions in legal Medicinal Cannabis, Hemp and CBD wellness sectors. The Company has raised £2,398,309 through three issues of Ordinary Shares to private subscribers.

Breakfast Buffet

Location Sciences (LSAI) 3.1p £10m

Location Sciences, the leading mobile location data and intelligence expert, announces a new 18-month contract with Blis, the global leader in real-world intelligence. Blis is the first global location intelligence company to embrace independent verification of data quality. 

Blis will use Verify, Location Sciences’ proprietary location verification platform, to provide independent, media-agnostic analysis and authentication of its location-targeted advertising data.

Blis and Location Sciences are coming together as two independent companies with a common goal for more transparency and data integrity in the advertising industry. At a time when clients are looking for more accountability from their technology partners, and increased transparency for their digital activity, this alliance paves the way for substantial improvements in data accuracy. Clients are demanding third-party verification and Location Sciences’ Verify product can now provide that independent layer of validation and assurance for Blis’ global client base.

Morses Club (MCL) 126p £163m

Morses Club PLC, the UK’s second largest home collected credit lender, provides the following trading update for the 27-week period to 31 August 2019. (Please note that the prior year comparison is a 26-week period).

The Company has performed well in the period with strong progress on the development of our product diversification strategy. Trading conditions in our core HCC market remain in line with the Board’s expectations, with total credit issued remaining broadly at the same level when compared to H1 2019 at £85.5m (H1 2019: £85.7m). Cash collections were up 5% compared to H1 2019 (H1 2019: 11.9%), and impairments expected to remain within the Company’s IFRS 9 guidance range. Consistent with previous years, our results are expected to be fairly evenly split between each half, with the usual slight seasonal uplift in H2.

Total customer numbers of 224,000 at 31 August 2019 have remained largely stable (H1 2019: 229,000), with the gross loan book also remaining stable with 0.2% growth (H1 2019: 6.1% growth).

Altus Strategies (ALS) 4.9p £8.45m

Altus Strategies Plc, the Africa focused project and royalty generator, announces that it has defined Diba SW, a potentially significant new prospect at the Diba gold project. Diba is strategically located 13km south of the multi-million ounce Sadiola gold mine, in the world renowned ‘Kenieba Window’ gold belt in the west of the Republic of Mali.

Highlights:

Diba SW prospect defined by 1.2km long discontinuous soil anomaly.

Prospect located 0.5km along strike of the historical Diba resource area

Anomaly occurs along the flank of a topographic ridge and is coincident with a geophysical anomaly

High grade historical drill intersections at Diba of 5.02g/t Au over 20.0m and 5.36 g/t over 13m

Diba hosts a historical near surface gold resource (see “Diba Project: Historic resource” and “Cautionary note regarding historic data”

Ceres Power Holdings (CWR) 191p £283m

Ceres Power, a world leading developer of next generation fuel cell technology and Weichai Power, one of the leading automobile and equipment manufacturing companies in China, announce they have completed the development of a first prototype range extender for Chinese electric buses.

Following a successful technology transfer and the licensing of system-level technology from Ceres to Weichai Power, the combined team has produced a first prototype 30kW SteelCell® Solid Oxide Fuel Cell range extender system, which met the required technical performance criteria, for demonstration in an Electric City bus utilising widely available Compressed Natural Gas fuel. 

This marks the completion of the initial Joint Development Agreement between Ceres and Weichai, the first step in the collaboration first announced in May 2018 and cements a strong working relationship between the two companies.

Alumasc Group (ALU) 91.5p £31.44m

Alumasc (ALU.L), the premium building products, systems and solutions Group, announces results for the year ended 30 June 2019.

Group revenues up 4% to £90.1m (2018: £87.0m)

Underlying profit before tax £5.6m (2018: £6.0m) reflecting the previously reported performance from Levolux

Basic earnings per share of 10.1 pence (2018: 12.0 pence)

Maintained total dividend for year of 7.35 pence (2018: 7.35 pence) reflecting the Board’s confidence in the future and positive impact of the recent restructuring actions

Net debt of £5.1m (2018: £4.8m)

Kibo Energy (KIBO) 0.85p £6m

Kibo Energy PLC, the multi-asset, Africa focused energy company, announced that it has signed a non-binding Power Purchase Term Sheet and a non-binding Coal Supply Term Sheet with Vale Mozambique, S.A. for the Benga Power Plant Project in Mozambique. Also see the RNS of 7 June 2019 in this regard.

PPTS signed with Vale for c.37% of the available power targeted for phase 1 generation at the BPPP. The Agreement highlights the urgent need for a reliable power source in the region

Inspiration Health (IHC) 59.5p £18.25m

Inspiration Healthcare Group plc, the global medical technology company, announced that it has today entered into a conditional agreement to acquire the entire issued share capital of Vio Holdings Limited, the holding company of VIOMEDEX Limited, for an aggregate consideration of £4.0 million on a cash free debt free basis.

VIOMEDEX, designs, manufactures and supplies single use respiratory products and sterile medical consumables, principally for the respiratory care market.

boohoo group plc (BOO) 282p £2,835m

boohoo group plc today announces a trading update for the first half of its financial year, where performance has been ahead of expectations with strong revenue growth driving operating leverage across key brands.

Consequently, the board now anticipates that results for the current financial year will be ahead of previous guidance, with Group sales growth now expected to be between 33% and 38% (against previous guidance of 25% to 30%). The board anticipates EBITDA margins for the financial year to remain at around 10% (in line with previous guidance), reflecting anticipated investments across the financial year into the three brands acquired by the Group in the first half.

Evgen Pharma (EVG) 17.25p £21.16m

Evgen Pharma, a clinical stage drug development company focused on the treatment of cancer and neurological conditions, announces that it has entered into a Memorandum of Understanding with Guy’s and St Thomas’ NHS Foundation Trust to advance the Company’s lead compound SFX-01, towards a clinical trial in patients diagnosed with Autism Spectrum Disorder.

Zambeef Products (ZAM) 6.12p £18.41m

Zambeef, the fully integrated food producer with operations in Zambia, Nigeria and Ghana, announces the appointment of Michael Mundashi as an Independent Non-Executive Director and Faith Mukutu as Chief Financial Officer and Executive Director, with immediate effect.

Head Chef:

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

*A corporate client of Hybridan LLP

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