AIM Breakfasts

AIM BREAKFAST – 13th September 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 1004

Total number of AIM Companies trading: 989*
* As at 13 September 2016

Dish of the Day:

No Primary Today

Off the Menu:

No AIM 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 13 September 2016

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

Shefa Yamin — Mining Weekly reports that the Israeli precious stone mining company is seeking a London listing this year

Jackpotjoy — Press reports Canadian online Bingo firm currently known as Intertain (TSX) to vote on an October IPO in London

Misys — The press reports that the Banking Technology provider owned by Vista Equity Partners is seeking a £5.5bn float in London

Bacanora Lithium — To list on AIM around 28 Sep as holding company for TSX listed Bacanora Minerals at £100m market cap

Breakfast Buffet

Venn Life Sciences* (VENN.L) 28p £16.9m

The growing Clinical Research Organisation providing clinical trial management and resourcing solutions to pharmaceutical, biotechnology and medical device clients has appointed Allan Wood as chairman. He was previously Managing Director of Xansa Plc, an outsourcer of business processing solutions. He has extensive relevant experience in scaling businesses in health services and related sectors. Venn reports H1Jun16 results on 28 September.

STM Group (STM.L) 42p £24.95m

The cross border financial services provider has conditionally agreed to acquire London & Colonial Holdings for £5.285m, offering SIPP pension products in the UK and the equivalent in Gibraltar. It reported audited revenues in the twelve months to 30 September 2015 of £3.83 million, a loss before tax of £0.07 million and net assets of £4.8 million. The Board believes that STM will benefit from annualised cost synergies and economies of scale of approximately £750,000.

TP Group (TPG.L) 5.75p £24.3m

The specialist technology, engineering and managed solutions group, announced that TPG Engineering, the Group’s thermal systems company based in Greater Manchester, has been awarded a project to build a large steam condenser, to be installed next year at a chemical processing plant in the UK. The project, valued at close to £0.5m is a step change in scale for the subsidiary which hopes to establish itself as a supplier of end-to-end systems and solutions for critical applications.

InfraStrata (INFA.L) 1.37p £2.6m

The independent petroleum exploration and gas storage company’s subsidiary, InfraStrata UK Limited, has acquired an additional 25% equity stake in Islandmagee Storage, the developer of the gas storage facility in Northern Ireland, a JV with Moyle Energy Investments Limited. The Company is seeking to complete funding arrangements to sit alongside a grant of up to €4.024m from the EU in order to commence a Front-End Engineering Design and commercialisation process by year end.

Alliance Pharma (APH.L) 49.5p £232.5m

Alliance Pharma, has signed a further licensing and distribution agreement with Duchesnay Inc. of Canada for Diclectin, a proven product to treat nausea and vomiting of pregnancy. Alliance acquired UK rights to Diclectin in January 2015 and this additional agreement secures rights to launch the product in a further nine EU countries including Germany, France and Italy. The drug is well established in Canada and sales are growing quickly in the US.

Amryt Pharma (AMYT.L) 20.25p £42.2m

The clinical stage specialty pharma company focused on best in class treatments for orphan diseases, has been granted a US patent for its lead drug, Episalvan, in the treatment of Epidermolysis Bullosa. Episalvan, has already successfully demonstrated significantly faster healing both recent wounds & chronic wounds compared with standard care therapy. Amryt is now preparing for a pivotal phase III study. The company has also reported maiden interim results. Cash of €10.7m

K3 Business Technology Group (KBT.L) 332.5p £119.7m

Provider of mission-critical software, cloud solutions and managed services to the retail, manufacturing and distribution sectors has reported FYJun16 results. K3 Product licence revenues increased to c.25% of total licence sales. Revenues up 7% to £89.2m. Adjusted EPS up 21% to 23.5p. August £13m placing funded acquisition of DdD Retail. Upbeat outlook focussed on self help measures rather than blaming and mentioning Brexit, which appears to be the trend with other companies! FyJun17E forecasts put the shares on 12.4x and a yield of 0.6%.

Digital Barriers (DGB.L) 46p £75.96m

The specialist provider of visually intelligent solutions to the global surveillance, security and safety markets, announced the extension of its supplier contract, first agreed in August 2013, with BT Redcare. The increased level of commitment in the contract extension demonstrates the growing demand for the Group’s technologies in the UK public safety market. The extension secures a minimum order commitment of £2.0 million over three years.

Lombard Risk Management (LRM.L) 7.75p £31.05m

The provider of integrated collateral and regulatory reporting solutions is launching AgileCOLLATERAL, a cloud-based collateral management system which offers the functionality of its market-leading COLLINE solution in a modular, light touch delivery format. The AgileCOLLATERAL product is being launched now to help buy-side clients meet the stricter uncleared collateral margin requirements being phased in from around March 2017.

Westminster Group (WSG.L) 26.5p £23.08m

The supplier of managed services and technology based security solutions to governments and government agencies, NGOs and blue chip commercial organisations worldwide, announced that Sovereign Ferries’ Sierra Princess, has successfully completed her inaugural voyage. The service provides a much needed professional airport transfer service between the airport & the Capital Freetown (Sierra Leone) with a 20 minute crossing time and an efficient service around the capital and further afield.

Head Chef:

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

*A corporate client of Hybridan LLP

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