AIM Breakfasts

AIM BREAKFAST – 07 April 2017

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 966

Total number of AIM Companies trading: 942*
* As at 07 April 2017

Dish of the Day:

Alpha FC Group (AFX.L), the corporate FX provider, joined AIM today raising £30m at 196p giving a market cap of £64.2m


Off the Menu:

Cancellation of Life Science Developments Limited (LIFE.L) on AIM

Set Menu ISDX Growth:

Total number of ISDX Growth Market Companies (Incl Susp): 84*

Total number of ISDX Growth Market Companies trading: 81*
* As at 07 April 2017

Dish of the Day:

No NEX Growth Market Joiners Today

Off the Menu:

No NEX Growth Market Leavers Today

What’s Cooking in the IPO Kitchen?

Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC.

EJF Investments— Publication of prospectus from the closed-ended investment company investing in assets benefitting from regulatory and structural change in the financial services sector. To join Specialist Fund Segment of the Main Market

ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale.  Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa.

Franchise Brands—Schedule 1 detailing £28m reverse takeover of Metro Rod. Admission expected 11 April.

K3 Capital Group—Intention to float from the Group of business and company sales specialists across business transfer, business brokerage and corporate finance. Raising £17.8m at 95p. Expected mkt cap £40.1m. Admission due 11 April.

Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.


Breakfast Buffet

INQO Investments (NEX:INQO) 89.5p £10.4m

The social impact investment company today announced an investment in Four-One Financial Services Ltd, a Uganda-based management company of the Mazima Voluntary Individual Retirement Benefits Scheme. The Mazima Retirement Plan is the trading name of Mazima Voluntary Individual Retirement Benefits Scheme (MVIRBS). It is a retirement savings scheme for low income earners in the informal sector of the economy. The poor and informal workers do not currently have any formal retirement savings schemes. The primary social metrics that will be tracked is the number of low income earners who start to save for their retirement through the Mazima scheme.


Summit Germany (SMTG.L) 0.95c €444.46m

The German commercial property investment company, announced that as at 31 December 2016, its property portfolio was valued by the Company’s external valuers at approximately 797.8 million (31 December 2015: 735.2 million), reflecting an increase of 8.5 per cent. over the twelve-month period. The net impact of acquisitions, disposals and investments in properties during the period amounted to €34.4 million and the revaluation profit is €28.2 million. The expected revaluation profit of €28.2 million contributes 6.06 cents per share to the Company’s EPRA (European Public Real Estate Association) Net Asset Value. (93c in June 2016).


Fusionex International (FXI.L) 133p £72.35m

The provider of Analytics and Big Data software,  has won a new contract with a major multinational Asian healthcare company for GIANT 2017, its award-winning Big Data platform. The initial contract with the medical supplier is in the region of USD300,000, with the value expected to increase alongside the adoption rate within the client’s various departments and at different offices across Asia. The integrated regional medical supplier of equipment, supplies, and services supports a network of thousands of healthcare institutions, including government and private hospitals, surgery centres, specialist and primary care clinics, laboratories, and nursing homes across Asia. FYSep17E rev of £23.3m and £0.89m PBT.


Rotala (ROL.L) 53p £22.36m

FYNov16 results from the provider of transport solutions across the UK. Turnover +8% to £55m.   Adjusted PBT, up 9% to £2.68 million. Adjusted basic EPS up 6% to 5.51p per share. Fuel requirement largely hedged through to end 2018. Three acquisitions completed during the year, expanding on operations in Heathrow and the North West.  Buses Bill will receive Royal Assent in summer 2017: beneficial impact anticipated. Trading for the current year has begun in line with budget. Following the three acquisitions which were made in 2016, together with the more recent announcements of new business, turnover in the current year should show further significant growth. FY Nov17E £59.4m rev and £3.4m PBT. Div 2.5p from 2.3p.


Audioboom (BOOM.L) 2.35p £21.07m

The spoken word audio on-demand platform, is pleased to announce that it has conditionally raised a further £500,000 by way of an additional subscription of 20,000,000 new ordinary shares with a new institutional VCT investor. All shares issued pursuant to the subscription will be issued at a price of 2.5 pence per new ordinary share. “We are delighted to announce this further investment from a new, single institution. This £0.5m investment, coupled with the £4.0 million raised recently, {also at 2.5p} will enable us to accelerate the growth and development of Audioboom.” There are no market forecasts.


Driver Group (DRV.L) 43.5p £23.21m

Trading update from the provider of specialist commercial and dispute resolution services to the construction and engineering industries. “The Board is pleased to confirm that since the equity fundraising announced in mid-February the Group’s underlying trading performance has remained much improved on the equivalent period last year and consistent with market expectations for the year as a whole. Group net debt at the interim period end was approximately £3.5m.” FYSeo17E £52.09, and £1.68m PBT. EPS 3.03p.


Coral Products (CRU.L) 15p £12.39m

Coral Products PLC, is pleased to announce that it has received further orders for circa £900k for its on- line tote product. The orders will be produced at its Mouldings’ facility at Haydock, Merseyside. Coral Products Mouldings has also been nominated to receive a new order for a sun roof moulding having a value of circa £500k to be produced within its recently established automotive division within Haydock. The formal order is expected in the next few days. Production of these orders is expected to commence in the  forthcoming financial year. Cautions that these orders are not guaranteed. FYApr17E £24.5m rev. PBT £2m. Div 1.2p.


Microsaic Systems (MSYS.L) 2.15p £3.9m

The developer of chip-based mass spectrometry instruments, announced that it has signed an amendment to its Research Collaboration Agreement with a long standing global partner. The amended agreement is a precursor to future collaboration in the area of bio-processing. Interim Chairman, Eric Yeatman commented: “We are delighted to sign this agreement with one of the foremost players in the global market for scientific instrumentation, which is in line with the Company’s strategy to focus on application areas in biopharma.”  There are no market forecasts.


PCI-PAL (PCIP.L) 38p £12.05m

The supplier of contact centre payment solutions which enable organisations to take customer payments securely, de-risking their business from the threat of data loss and cybercrime, has secured two significant contracts for its services. In the first contract, PCI-PAL is the preferred supplier from a market-wide review by one of the world’s leading outsourcing providers of customer experience management. This contract is for the UK. At least 2 years at £150k per annum. Secondly PCI-PAL has been selected by a Fortune 500 global energy provider with a 25 Billion Euro turnover operating in 100 countries and with 160,000 employees, to provide its services to its US businesses for not less than three years from commencement with an initial contract value in excess of £80k per annum. No mkt forecasts.


Xeros Tech Group (XSG.L) 267.5p £230.1m

The developer and provider of patented polymer based systems with multiple commercial applications, has entered into a Forward Channel Partner (‘FCP’) agreement to expand its geographic presence into Australia. The agreement demonstrates the rapidly growing acceptance and demand beyond the US and UK Commercial Laundry markets for the sustainability, performance and economic benefits Xeros’ technology delivers. Xeros’ expansion into Australia has been achieved by adding to its FCP programme through an agreement with Richard Jay Pty Ltd, Australia’s largest importers, distributors and service providers of commercial and industrial laundry machinery. No Market forecasts.


Head Chef:

Derren Nathan
0203 764 2344

*A corporate client of Hybridan LLP


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