AIM Breakfasts

AIM BREAKFAST – 15th August 2016

Set Menu AIM:

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

Total number of AIM Companies trading: 992*
* As at 10 August 2016

Dish of the Day:

No Primary Today

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 10 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 around 28 Sep 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

Milestone Group* (MSG.L) 0.55p £4.04m

The provider of digital media and technology solutions, on Friday  announced that its subsidiary, Nexstar has signed a cooperation agreement to provide NaPo Limited with a white label version of its Backstage HD digital platform and money over IP financial platforms.

Earlier in the month Milestone announced a £506k placing at 1p, a significant premium to the prevailing share price.

 

Pennant International (PEN.L) 63p £16.7m

The supplier of integrated logistic support solutions, products and services has announced an oversubscribed fundraising of up to £3.56m at 55p, a 12.7% discount to the close on 12 August.

The funds will be applied to working capital in the light of two major projects valued at over £13m. The shares trade on 8.9x current year earnings.

 

Europa Oil & Gas (EOG.L) 4.63 p £11.3m

The oil and gas exploration, development and production company focused on Europe, has completed the acquisition of Shale Petroleum (UK) Limited for a nominal consideration of £1.  As consequence of this acquisition Europa has increased its equity interest in PEDL299 and PEDL343 exploration licences awarded in the 14th UK Landward Licensing Round to 33.32% and 45.0% respectively.

 

Nasstar (NASA.L) 8.6p £33.2m

The industry focused managed IT specialist has announced the acquisition of Modrus Limited, a UK-based provider of per user Hosted Managed Services, on a cash free / debt free basis for £13.0m comprising: £11.7m in cash; and £1.3m in new Nasstar equity. To be funded by a £13.3m placing at 7.5p, a 13% discount to Friday’s close. Expected to be modestly earnings enhancing in the first full financial year following Completion. Modrus turned over £6.1m in FY Mar 2016.

 

Thor Mining (THR.L) 1.58p £m

Thor Mining announced a new drill campaign designed to confirm the close proximity of additional tungsten mineralisation within a six kilometre radius of the Company’s existing Molyhil tungsten deposit in the Northern Territory, Australia.  50 hole drill programme designed to test bedrock through shallow alluvial cover;  The low cost programme, estimated at less than A$100,000 is expected to commence in late-August 2016.

 

Uvenco (UVEN.L) 7.75p £5.8m

The national vending machine operator offering a full service throughout the UK and Ireland entered into an agreement to settle the Group’s £2.4 million outstanding bank facility for £1.0 million, payable in cash, and entered into a £1.3m facility with Reward Invoice Finance Limited, part of the Reward Finance Group, a Manchester and Leeds based alternative lender, in order to provide the funds to satisfy the bank facility settlement, as well as additional working capital.

 

AorTerch International(AOR.L) 28 .25p £1.57m

FYMar16 results from the biomaterials and medical device IP company. Group revenue increased by over 5% from previous year to US$901k. Net trading profit of $128k (2015: US$96k profit)· Operating loss after charging $312k in amortisation of intangible assets and $369k in bad debt provisions. The principal disappointment of the past year has been the requirement to provide for sums of money contractually due to AorTech.

 

Nakama Group (NAK.L) 1.85p £2.18m

FYMar16 prelims from the recruitment consultancy working across the UK, Europe, Asia, USA and Australia providing staff for the Web, Interactive, Digital Media sectors, IT and Business Change. Net fee income up 8%. to £5.73m. Pre-tax breakeven. Trading in the first quarter has been in line with internal expectations and Board targets. Despite uncertain political backdrop  views 2017 as a year in which Nakama can develop organically whilst keeping acquisitive options open.

 

Edenville Energy (EDL.L) 0.02p £2.19m

The Company developing a Coal to Power Project in south west Tanzania  has announced that the Tanzanian Government expected to implement a ban on coal imports into Tanzania. Possible near term production and supply opportunities exist for Edenville.  Edenville’s Rukwa Coal Project well positioned to move rapidly to production

 

Sunrise Resources (SRES.L) 0.22p £2.46m

The diversified mineral exploration and development company has updated on its industrial mineral projects in Nevada: County Line Diatomite Project — Evaluation work in progress – Project permitted for several drill holes and a programme of trenching. EP Minerals has paid project claim fees for the year beginning 1 September 2016.  Pozzash Project— Initial concrete tests completed – confirms pozzolan potential. Further mineralogical & process testwork underway.

 

Head Chef:

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

*A corporate client of Hybridan LLP

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