Small Cap Feast

Small Cap Feast – 13 August 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 884

Total number of AIM Companies trading: 800*
* As at 13/08/2019

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 13/08/2019

Set Menu Standard List:

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

Total number of Standard List Companies trading: 144*
* As at 13/08/2019

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

Dish of the Day:

Freyherr International (FRYR) – has listed on the NEX exchange for an issue price  of 170p and market cap of £0.4m Freyherr International is medicinal cannabis company . £190k private placement.

Off the Menu:

No Leavers Today

What’s Cooking in the IPO Kitchen?

Rumours and Speculation

 SDIC Power Holdings  China’s state-backed energy firm has received government approval to issue 10% of its share capital as Global Depositary Receipts (GDRs) on the London Stock Exchange

Breakfast Buffet

e-Therapeutics plc (ETX) 2.85p £6.72m

e-therapeutics plc (AIM: ETX, “e-therapeutics”) is pleased to announce an agreement to work with a global, top five pharmaceutical company, on a project in a specific area of biology associated with neurodegenerative diseases.

Neurodegeneration occurs when there is progressive loss of structure or function of neurons and can lead to a number of debilitating diseases such as Parkinson’s, Alzheimer’s and Huntington’s.1 There are currently over one billion people globally affected by these conditions.2

Under the 12-month agreement, e-therapeutics will use its proprietary Network-Driven Drug Discovery (“NDD”) approach to identify novel disease pathways and small molecules, both of which have the potential to modulate the biology of interest. As part of the project, the company will test the compounds resulting from e-therapeutics’ NDD platform in its in-house assays.

ADVFN PLC (AFN) 28.50p £7.33m

ADVFN (LSE:AFN) has licensed foreign rights to Harriman House for a number of titles from its financial books division.   

Under the agreement Harriman House, the UK’s leading independent publisher of finance, trading and investment books, will act as agent, offering the rights of the ADVFN Books(https://www.advfnbooks.com/) titles to its extensive world-wide network. Harriman House will also undertake the translations. This will facilitate residual income for ADVFN.

ADVFN Books is home to a number of acclaimed titles and has a stable of writers who are experts in the fields of finance and investing. The deal will initially license foreign rights for three titles: A Beginner’s Guide to Value Investing by Clem Chambers, Trade Financial Markets Like the Pros and The Complete Guide to Successful Financial Markets Trading both by Simon Watkins, with the prospect of more titles being licensed in the near future.

HydroDec Group plc (HYR) 51p £14.47m

Hydrodec Group plc (AIM: HYR), the clean-tech industrial oil re-refining group, announced the disposal of its Australian plant and equipment, and an agreement to licence certain other rights in respect of those assets, to Greenbottle Re-refining (UK) Limited (“Greenbottle”).

The plant and equipment has been sold to Greenbottle for a gross consideration of A$2m in cash;

The Company is expected to receive a net figure of A$1.7 million after estimated decommissioning and transportation costs;

In addition, the Group has the right to receive a royalty from Greenbottle, for an initial period of 8 years, further details are below; and

The anticipated net proceeds will be used to satisfy outstanding liabilities of the Australian operating entities and A61 arterial road.

Eurasia Mining PLC (EUA) 0.47p £11.45m

Eurasia Mining PLC, the palladium, platinum, rhodium and gold producing company, provides an update on developments at the Monchetundra Project in the first half of 2019. Eurasia is developing its Monchetundra Project towards production following the issue of a mining permit for the circa 2Moz (2PGE + Gold) palladium dominated deposit (as announced on 20 November 2018).

A Engineering, Procurement and Construction (EPC) contract, with an associated mine finance package has been signed with Chinese company Sinosteel. Eurasia and its contractors are making progress on the production preparation activities stipulated by the EPC as TGK’s (Eurasia’s 80% subsidiary) responsibilities to initiate the payments from Sinosteel to TGK under the subcontracted works for the total amount of $50m, $26.5m of which will be paid by TGK to Sinosteel, as TGK’s contribution equity contribution to the EPC (the remaining $149.5m is a 10 year loan facility at 6mLIBOR + 3.5%).

Bango PLC (BGO) 134.50p £86.74m

Bango (AIM: BGO), the mobile commerce company, and Spotify, have entered into a business partnership to increase access to the world’s most popular audio streaming subscription service. By partnering with Bango, Spotify makes its streaming service available for operators all over the world to bundle with mobile and fixed subscription plans allowing millions more fans to enjoy their favorite artists.

This partnership will enable millions of customers to select a Spotify subscription bundled with their mobile plan, or as a bolt-on. Bango Resale technology delivers a single, powerful solution that will enable Spotify to reach new customers, and ensures active customers enjoy seamless access to their services. In addition, Bango data insights supports with targeting specific customers with new offers to generate higher customer adoption.

Cluff Natural Res (CLNR) 1.48p £20.74m

Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, announced that it has received the required regulatory consent from the Oil and Gas Authority (‘OGA’) in relation to the farm-out of Licence P2437 to Shell U.K. Limited (“Shell”) and that the farm out has been completed.  

Audioboom Group PLC (BOOM) 202.50p £28.36m

Audioboom (AIM: BOOM), the leading global podcast company, announces that it is the headline sponsor of the 2019 Podcast Movement conference – the world’s biggest podcast event. For the third year running, Audioboom is the lead sponsor of the prestigious event, which is attended by aspiring podcasters, industry representatives, host talent, podcasting professionals and aspiring producers from around the world.

Podcast Movement runs from 13-16 August 2019 in Orlando, Florida and provides a range of forums, hosting the biggest names in podcasting, panel discussions and networking events as well as education and training for podcasters and show hosts.

Starcom PLC (STAR) 1.10p £4.14m

Starcom (AIM: STAR) which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, announces its unaudited interim results for the six months ended 30 June 2019 (the “Period”).

Highlights

Revenues for the Period remained stable at $3.1m (H1 2018: $3.1m)

Gross profits were $1.26m (H1 2018: $1.23m)

Gross margin increased to 41% (H1 2018 40%)

EBITDA increased to $75,000 (H1 2018: $40,000 EBITDA loss)

Recurring Software as a Service (“SaaS”) revenues were $900,000 (H1 2018: $890,000)

Lokies, Starcom’s new intelligent padlock, has been launched

essensys plc (ESYS) 3.65p £37.71m

essensys plc (AIM:ESYS), the leading global provider of mission critical software-as-a-service (SaaS) platforms and on-demand cloud services to the flexible workspace industry is pleased to announce an unaudited pre-close trading update for the financial year ended 31 July 2019.

Iofina PLC (IOF) 22.10p £43.46m

Iofina plc, specialists in the exploration and production of iodine and manufacturers of specialty chemical products, is pleased to announce the incorporation and launch of a subsidiary company IofinaEX Global Inc.

IofinaEX Global will specialise in the production of Hemp derived products in Central America and the Caribbean for export into the United States and internationally.

Head Chef:

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

*A corporate client of Hybridan LLP

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