Small Cap Feast

Small Cap Feast – 14 August 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 884

Total number of AIM Companies trading: 800*
* As at 12 August 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 12 August 2019

Set Menu Standard List:

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

Total number of Standard List Companies trading: 144*
* As at 12 August 2019

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

What’s Cooking in the IPO Kitchen?

Breakfast Buffet

SCISYS Group PLC (SSY) 251p £74.5m

SCISYS Group PLC the supplier of bespoke software systems, IT-based solutions and support services to the space, media & broadcast, government, defence and commerce sectors, announced that SCISYS Media Solutions GmbH has been awarded a contract from a major European broadcaster for newsroom software, services and training. This contract win adds a strategically important new customer to the SCISYS Media Solutions portfolio and is included in existing market guidance.  

SCISYS Media Solutions will provide an integrated newsroom solution for planning and rundown management. This contracted installation uses the leading OpenMedia INFINITY and NEWSBOARD software solutions. These are developed by SCISYS and used by 75,000 journalists worldwide for clients such as the BBC and the ARD Group.

This contract win further strengthens the position of SCISYS Media Solutions’ as the leading supplier of newsroom solutions in Europe.

Quadrise Fuels Intnl (QFI) 4.7p £42m

Quadrise announced that it has signed a Memorandum of Understanding with Merlin Energy Resources Limited , an upstream oil and gas consultancy specialising in geological & geophysical Exploration and Production  related services, through all phases of the E&P lifecycle, from exploration/appraisal and development through to commercialisation.

Under the non-binding MOU, Quadrise and Merlin will work together to combine their respective expertise to jointly evaluate, develop and seek to promote upstream heavy oil projects with the intention of securing one or more definitive commercial agreements relating to the application of MSAR® technology and Merlin’s services and potential equity ownership by both companies in heavy oil assets.

Under the MOU the parties intend to co-operate on an exclusive basis for the MOU’s two year term in relation to target countries and selected counterparties to be agreed between the parties, with a view to initiating at least one MSAR® Project during 2019.

Serabi Gold plc (SRB) 60p £38m

Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, today released its unaudited interim financial results for the three and six month periods ending 30 June 2019 and at the same time has published its Management’s Discussion and Analysis for the same period.

FINANCIAL HIGHLIGHTS

EBITDA for the second quarter of U$3.3 million up 23% on the same quarter in 2018.

EBITDA for the year to date of US$7.6 million up 35% on the same period in 2018.

Profit before tax of US$3.4 million for the year to date with earnings per share of 2.92 cents.

Cash holdings at the end of June 2019 of US$12.4 million an increase of US$3.1 million since the end of 2018.

AISC for the year to date of US$1,085 per ounce with a Cash Cost of US$860 per ounce.

Operational cash flow for the second quarter of US$3.0 million (US$2.3 million after mine development costs), compared with US$1.4 million (US$0.3 million after mine development costs) for the same period in 2018.

Gfinity PLC (GFIN) 4.55p £23m

Gfinity plc (AIM: GFIN), a world-leading esports solutions provider, announced that its Australian joint venture, Gfinity Esports Australia, will close at the end of November 2019.  The decision was taken in conjunction with local partner HT&E (ASX: HT1) and follows a strategic review by Gfinity’s leadership to refocus the business on core markets to drive sustainable profit growth and long-term value creation.

Gfinity Esports Australia was launched in 2017 and introduced the Gfinity Elite Series into the country. Since launch, the Elite Series has achieved positive results including significant partnership agreements, solid revenue performance and market leading audience figures.  However, the business has not reached the required level of profitability and further significant additional capital investment is required to make Gfinity Esports Australia commercially viable.

All costs relating to Gfinity’s investment in the joint venture have been expensed as incurred.  As a result, no material financial write off will be required.

Thor Mining PLC* (THR) 0.55p £4.31m

Thor Mining Plc ,  announced the receipt of A$222,512.51 by way of a research grant from the Australian Government, Department of Industry, Innovation and Science.

The grant covers a portion of expenditure during the 2018/19 fiscal year on eligible research activities on Australian projects.

Mick Billing, Executive Chairman, commented:

“We are very pleased to have our cash reserves boosted by this R & D grant.”

“We are proceeding with all scheduled 2019 activities with the confidence that they are fully funded.”

Xeros Tech Grp plc (XSG) 7.9p £23.3m

Xeros Technology Group plc , the developer and provider of water saving and filtration technologies with multiple commercial applications, today provides an update on its commercial activities and fundraising plans.

Highlights:

Significant commercial progress year to date across all markets with further progress expected during the   rest of the year.

Planned exit from all direct sales business by the end of 2019.

On course to have a pure-play licensing organisation in place by end 2019 with a Q1 2020 monthly cash   burn run rate of £0.6m. Down from an average monthly cash burn of £2.2m in 2018.

Group announces today it is seeking to raise between £5m and £10m of equity funding. Raising £10m is   expected to fund the business through to cash breakeven.

LMS Capital PLC (LMS) 50.25p £40.57m

In the announcement on 2 August 2019, of its results for the six months to 30 June 2019, the Company reported that contracts had been exchanged in late July 2019 for the sale of its investment in Entuity, with completion due on or before 30 September 2019.

The Company is pleased to confirm that completion of the sale took place on 13 August 2019.

After allowing for estimated transaction costs and payments due under legacy incentive schemes, net cash proceeds to be received by the Company will be approximately £10.5 million, an increase of £2.4 million over the net proceeds recognised at 30 June 2019 with a corresponding increase in net asset value. This reflects the sale not only of all the Company’s shares, but also the repayment of all working capital loans.

ReNeuron Group plc (RENE) 210p £65.5m

ReNeuron Group plc  a UK-based global leader in the development of cell-based therapeutics, announced that it is partnering with the University of Cardiff under a new grant-funded collaboration utilising ReNeuron’s exosome-based drug delivery technology platform.

The grant has been awarded under Innovate UK’s Knowledge Transfer Partnership and will fund a £250,000 collaborative programme of research to be undertaken by ReNeuron and the European Cancer Stem Cell Research Institute at Cardiff University.  The research programme will develop novel systems to enable the delivery of therapeutic nucleic acids, such as small interfering RNA (siRNA), across the blood brain barrier using ReNeuron’s CTX stem cell-derived exosomes.

Oilex Ltd (OEX) 0.2p £6m

Oilex Ltd has entered into an agreement with Perseville Investing Inc and Terra Nova Energy (Australia) Pty Ltd (TNA) (collectively, TNP) to acquire up to a further 51.4997% interest in the Petroleum Exploration Licenses (PELs) 112 and 444 licenses (in the world class Cooper-Eromanga Basins in South Australia.

Salt Lake Potash Ltd (SO4) 44p £90m

Salt Lake Potash Limited has made several key executive appointments as the rapid development of the Lake Way Project continues. Three experienced Executives join Salt Lake Potash: Shaun Day as Chief Financial Officer, Rowena Roberts as Director – People, Culture, Heritage and Community, Mark Wilde as Director – Sales and Marketing

Head Chef:

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

*A corporate client of Hybridan LLP

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