Small Cap Feast

Small Cap Feast – 10 May 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 898

Total number of AIM Companies trading: 827*
* As at 03 May 2019

Set Menu NEX Growth:

Total number of NEX Growth Market Companies (Incl Susp): 89*

Total number of NEX Growth Market Companies trading: 87*
* As at 03 May 2019

Set Menu Standard List:

Total number of Standard List Companies (Incl Susp): 161*

Total number of Standard List Companies trading: 141*
* As at 03 May 2019

Dish of the Day:

No Joiners Today

Off the Menu:

Manx Telecom has left AIM after being acquired by Kelion Bidco Limited.

Safeland has left AIM today after approval from the General Meeting

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

What’s Cooking in the IPO Kitchen?

Main Market (Premium)

Jewel UK Midco Limited, the parent company of The Watches of Switzerland Group Limited, is looking to join the premium segment of the main market. Offer TBC, expect TBC

Finablr plc— global platform which provides Cross-Border Payments and Consumer Solutions, Consumer Foreign Exchange Solutions and B2B and Payment Technology Solutions to consumers and businesses in the large and growing payments and foreign exchange market is looking to list on the Main Market plans to raise $200m, expected May 2019

Main Market (Standard)

IMC Exploration Group (NEX: IMCP), focused on acquiring and exploring prospecting licence areas which have high potential for natural resource, is looking to admit its shares to the standard list and will withdraw for the NEX Exchange. Expected 11 June 2019

AIM

Induction Healthcare Group plc—a healthcare technology company focused on streamlining the delivery of care by Healthcare Professionals looking to join AIM. Expected raise of £14.58m at 115p, market cap of £34.07m. Expected 22 May 2019.

SDX Energy plc—a North Africa focused oil and gas company, announces its intention to complete a Canadian plan of arrangement under section 192 of the Canada Business Corporations Act and will have shares de-listed from the TSX-V and admitted to trading on AIM. Expected 28 May 2019, anticipated market cap of £76m

Renold plc—a leading international supplier of industrial chains and related power transmission products, announced that it will cancel the listing of the Company from the premium segment and apply for admission on AIM. Expected 06 June 2019.

Alumasc Group plc, the premium building products, systems and solutions group, has announced its intention to move from the Premium Segment of the main market to AIM. Expected market cap of £33.4m. Expected 25 June 2019

NEX Exchange

Arbuthnot Banking Group plc, primarily involved in banking and financial services including commercial banking, private banking, wealth planning and investment management, is looking to joining the NEX Exchange Growth Market. Expected 17 May 2019

Breakfast Buffet

SolGold (SOLG.L) 38p £701m

Update from the Company’s regional exploration activities from its 100% owned Coangos Project in southeastern Ecuador .

Initial geochemical sampling has identified 4 anomalous areas in the Coangos Project in the Coangos 2, Chimius and Chimius 2 Tenements .

Two areas of mineralised outcrop have been identified in Anomaly 1

Rock chip samples of mineralised outcrops;

R02001026 9.27% Cu, 91.5g/t Ag

R02001027 8.31% Cu, 99.8g/t Ag

R02001031 6.12% Cu, 60.1g/t Ag

Rock chip samples of near-source stream boulders;

R02001010 23.2% Cu, 122g/t Ag

R02001011 20.6% Cu, 114 g/t Ag

High-grade fault breccia, located in anomaly 2 has been mapped over 200m in length and 1m wide and remains open in both directions. 

 

Scancell Holdings (SCLP.L) 4.05p £14.74m

The developer of novel immunotherapies for the treatment of cancer, announced that it has appointed six world-leading clinicians to establish its Clinical Advisory Board (“CAB”). The Board will be chaired by Professor Robert Coleman and will provide strategic guidance and support as the Company prepares for its lead Moditope® candidate, Modi-1, to enter the clinic in Q1 2020 in multiple tumour types, including head and neck, breast and ovarian cancer.

The Company also provides an update on progress towards initiating the Modi-1 Phase 1/2 clinical trial.

Good Manufacturing Practice (GMP) synthesis of the bulk Modi-1 peptide conjugates is underway at the PolyPeptide Group’s facilities in The Netherlands.

The Company signed an agreement at the end of April 2019 with AMRI (Glasgow, UK), a global contract and manufacturing organisation, to formulate, manufacture and package the Modi-1 GMP final product for clinical testing.

The preclinical toxicity testing programme required prior to the start of the clinical trial commenced in April 2019 and is anticipated to be completed during H2 2019.

 

Symphony Environmental (SYM.L) 11p £10.82m

The “global specialist in products and technologies that “make plastic smarter” advised, further to its statement on 15 March 2019, that the European Chemicals Agency (ECHA) has been instructed by the European Commission to close the oxo-degradable plastics restriction process which commenced in Dec 2017 because the Commission thought that those plastics created microplastics. This still leaves the EU Single-use Plastics Directive in draft, but it is now clear that there is no scientific dossier published by ECHA to support any restriction on such plastics in Europe.”

“Microplastics are created by the disintegration of ordinary plastics, and they are very persistent. Oxo-biodegradable plastics like d2w are necessary, because they are for the time being the only way to prevent the accumulation of plastics and microplastics in the open environment.  They do this by degrading much more quickly than ordinary plastic so that they can then be properly biodegraded and recycled back into nature by bacteria and fungi, and will not accumulate as a problem for future generations.”

 

Tribal (TRB.L) 72.5p £139.2m

The provider of software and services to the international education management market, has acquired Crimson Consultants Holdings Limited, the UK’s market-leading provider of customer relationship management (‘CRM’) based solutions to the education market, for a total initial consideration of £6m with a further £4m contingent consideration based on meeting an annual recurring revenue target.

Crimson’s technology provides valuable, additional functionality to Tribal Edge, Tribal’s cloud-based, next generation Student Information System (SIS).  It will accelerate its speed to market and reduces Tribal’s requirement to develop this functionality.

Crimson brings with it a broad existing customer base and strong relationships with universities and Further Education colleges, presenting compelling new cross-selling opportunities

The Acquisition will be earnings accretive in the medium term as Tribal is reinvesting in Crimson to drive increased revenue in markets in the near term.

For the year ended 31 Dec 2018, Crimson had revenues of £3m, operating profits (adjusted EBITDA) of £0.6m and net assets of approximately £0.3m.

 

Oncimmune Holdings (ONC.L) 89.5p £56.2m

The specialist in the development, manufacture and commercialisation of personalised immunodiagnostics for the screening, detection and care of cancer, and its partner, Genostics Company Limited, announced the start of a multi-centre case control study on early lung cancer detection (for screening and nodules) in the People’s Republic of China using an extended panel of autoantibodies to accommodate variations in the biomarkers expressed on cancer cells in Asian populations.

The results are expected in the fourth quarter of 2019 and will be used to support Oncimmune’s application for approval of EarlyCDT-Lung with the China Food and Drug Administration.

 

StatPro (SOG.L) 123p £80.33m

The “provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a three-year contract, including a significant uplift in annual value with a EU investment manager for Revolution Delta, with a minimum contract value of EUR1.2m.

The investment manager currently uses Revolution Delta for a variety of purposes but has now added a new module to cover the new EU Money Market Regulations in order to provide risk reporting to the regulator.

As regulations evolve, so StatPro is providing its clients with extended services to mitigate their cost of meeting onerous and multiple requirements.”

 

Bluejay Mining (JAY.L) 11p £93.77m

Submission of the Social Impact Assessment  for its Dundas Ilmenite Project in Greenland, the world’s highest-grade mineral sands ilmenite project.  

Representsthe completion of another core module in the exploitation permitting process for Dundas

Key findings of the Study concluded:

Dundas judged to have a net positive impact on local communities

Substantial public support for Dundas’ development demonstrated across the Qaanaaq region as well as throughout Greenland with national stakeholders

The new mine is expected to bring significant employment opportunities and economic development to the region and to Greenland in general

 

Premier Technical (PTSG.L) 74.5p £85m

“The niche specialist services provider, announced a trading update for the 12 weeks to 31 March 2019.

Trading during the first quarter of the current year has been strong, and the recent acquisitions of Guardian and Trinity are performing ahead of management expectations.

Sales remain robust as contract renewal rates remain high and a number of significant three to five year contracts and framework agreements have been signed across all disciplines with new and existing customers since the beginning of the financial year. Notable sales wins include a fire solutions contract for London Underground, fixed wire testing for BMW and replacement fall arrest equipment for Morrisons.

This underscores our confidence in achieving a successful full year result in 2019, in line with the board’s expectations.”

 

RA International (RAI.L) 43.5p £73.77m

The “provider of services to remote locations in Africa and the Middle East, announced it has been awarded a new contract by the United Nations Support Office in Somalia (UNSOS) to provide vehicle and equipment fleet operation and first line maintenance services to UNSOS in up to 10 locations in Somalia. Under a previous agreement, RA International provided these services to UNSOS in one location.

The contract will run for up to five years with work set to start in June. The total five-year value of the contract is $9.8m.”

 

VP (VP..L) 730p £293m

The equipment rental specialist, announced the acquisition of the entire issued share capital of Sandhurst Limited for a cash consideration of £3.325m.

Sandhurst was founded in 2004 and is engaged in the rental of specialist excavator attachments to the construction and civil engineering sectors from five locations across the UK.

Sandhurst will work alongside and complement our Piling business within Vp’s UK division.

 

Head Chef:

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

*A corporate client of Hybridan LLP

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