AIM Breakfasts

AIM BREAKFAST – 10th August 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 1,008

Total number of AIM Companies trading: 992*
* As at 08 August 2016

Dish of the Day:

Shares in TBC Bank Group , a leading bank in Georgia, expected to start trading on  main market under a premium listing  (TBCG.L)

Off the Menu:

No leavers today

Set Menu ISDX Growth:

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

Total number of ISDX Growth Market Companies trading: *
* As at 08 August 2016

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

LoopUp—The provider of conference calls and online meetings is seeking to join AIM. 2015 revs of £9.2m and EBITDA of £1.02m

Bacanora Lithium— To list on AIM as holding company for TSX listed Bacanora Minerals at £100m market cap

Aura Energy—ASX listed uranium developer (ASX:AEE) expected to join AIM 6 September

Autins Group plc – The acoustic and thermal insulation specialist now looks to join AIM late August


Breakfast Buffet

Conroy Gold & Natural Resources* (CGNR.L) 32p £3.5m

The gold exploration and development company  has announced that an independent structural study  has confirmed the continuity of the gold lodes at the Company’s Clontibret gold target. Continuity of Lode Confirmed Over 50 Metres. This demonstration of the continuity of the gold mineralisation at Clontibret is a further essential step forward as the Company proceeds with its Clay Lake-Clontibret gold mining project.


CloudTag (CTAG.L) 5.5p £18.9m

The company that brings personal monitoring to the wellbeing, fitness and digital health market has announced a £580k fundraise at 5.8p, a premium of 5.45% to yesterday’s close. The proceeds of the Subscription will be used for general working capital purposes.  In addition, certain trade creditors of the Company have agreed that their outstanding invoices totalling £268,000 in respect to professional advisory services can be settled in shares.


MidaTech Pharma (MTPH.L) 113.5p £38.1m

The international specialty pharmaceutical company focused on commercialising and developing products in oncology, immunology and other therapeutic areas, has issued an H1 Jun 2016 trading  update. Revenues of £3.80m, up from £0.32m in line with expectations. Positive advances at Midatech include launching Zuplenz® in the US to provide relief from one of the most debilitating side-effects of common cancer treatments, nausea and vomiting.


Share (SHRE.L) 28.25p £40.58m

The parent company of The Share Centre (an independent retail stockbroker) and Sharefunds (the Group’s investment management and fund administration subsidiary) has announced H1Jun16 interims. Performance in line with management expectations despite subdued trading backdrop ahead of the EU Referendum. Revenue slightly down from £7.4m to £7.4m. Underlying PBT of £110k from £608k.  Cash of £16.1m.  Trading has picked up post year end and  digital transformation continues.


Harvest minerals (HMI.L) 6.25p £5.9m

Independent Scoping Study has been completed for its Maximus Direct Application Natural Fertilizer Project. Preliminary economic assessment based on the current initial resource, which represents ~3% of the estimated mineralisation— Production of 100ktpa for 7 years, based on initial 883Kt Indicated JORC resource. Scenarios with sales prices of US$50/t and US$65/t generated NPV’s of US$15.0m and US$21.0m post tax, with a 10% WACC, and IRRs of 408.8% and 562.8% respectively .


Quantum Pharma (QP..L) 75p £93.75m

The service-led niche pharmaceutical developer, manufacturer and supplier to the health and care sectors has successfully launched its licensed Glycopyrronium Bromide 1mg/5ml Oral Solution. The solution is licensed in adults as an add-on therapy in the treatment of peptic ulcers, which occur in the lining of the stomach or duodenum. It is the first unlicensed to licensed liquid formulation of this product in the UK . FYJAN17 forecasts suggest an 11x PE and 2.4% yield.


RTC Group (RTC.L) 65.5p £9.5m

RTC Group, whose  three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services, reports H1Jun16 interims. Continuing revenues up 16% to £34.1m.  Basic earnings per share 2.83p (2015: 2.47p). Dividend up 10% to 1.1p. On FYDec16 forecasts the shares trade at 7.9x and yield 4.9%.


Arcontech Group (ARC.L) 0.41p £6.2m

The provider of products and services for real-time financial market data processing and trading, is pleased has announced FYJun16 results. Revenues flat at £2.1m.   Profit before tax of £302,329 (2015: £243,660) . Cash balance of £1,633,159 (2015: £1,069,755). Intends to implement share consolidation before proposing a dividend.  Mixed messages in outlook. Product investment has been strong. Sales cycles longer than hoped.  Low rates and Brexit tempering optimism.


Avacta Group (AVCT.L) 98.5p £67.35m

The developer of Affimer® biotherapeutics and research reagents, has announced that a collaborative development programme with Leeds University has been awarded a £3.8 million grant by the Medical Research Council to develop novel, rapid diagnostic tools incorporating Affimer reagents, to differentiate between viral and bacterial infections, and differentiate bacterial strains. This could be a powerful weapon in the fight against anti-microbial resistance.


Andalas Energy and Power (ADL.L) 1.16p £3.55m

The Indonesian focused oil and gas exploration company  has announced that Pertamina, Indonesia’s national energy company, has approved the Company’s Tuba Obi East proof of concept work programme.  The first step in this programme will be the recompletion of the existing TOE-1 well and production testing of the gas bearing Air Benakat Formation .


Head Chef:

Derren Nathan
0203 764 2344

*A corporate client of Hybridan LLP


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