AIM BREAKFAST – 15th November 2016
Set Menu AIM:
Total number of AIM Companies (Incl Susp): 994
Total number of AIM Companies trading: 971*
* As at 14 November 2016
Dish of the Day:
No AIM Joiners Today
No AIM Joiners Today
Off the Menu:
No Aim Leavers Today
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 14 November 2016
Dish of the Day:
Off the Menu:
What’s Cooking in the IPO Kitchen?
United Global—According to Arabian Business the merged UAE Exchange/Travelex is seeking a LSE float in Q3 2017 with 30% of the shares to be made public
Diversified Gas & Oil—The US based gas and oil producer is seeking a December AIM quoting to raise circa $60m
FreeAgent—Schedule one now out from the provider of accounting software to small businesses, with expected admission 16 November 2016. The Company plans to raise £8m with an anticipated market capitalisation on admission of £34.1m.
Conroy Gold and Natural Resources* (CGNR.L) 24.5p £2.7m
The Company has announced that Garth Earls has been appointed Non-executive Director of the Company with immediate effect. Professor Garth Earls is a geologist with over 35 years mineral exploration and management experience who has worked extensively both in Ireland and internationally. He qualified as a geologist in 1979 and has had a distinguished career in the mining industry. He was the project geologist on the team that discovered the Curraghinalt gold deposit in the North of Ireland. He has been working with Conroy for a number of years.
Altitude Group (ALT.L) 94p £41.3m
The provider of technology solutions for the personalised products industry announced that the first “Click to Ship” web sites were launched and went live with distributors over the last two weeks in accordance with the timetable outlined in its Interim Results. As at 14 November 2016 the first 11,000 web sites had been launched for distributors. All the sites were issued through the Company’s first key trading partners in the USA, Aprinta and AI Mastermind. FYDec16E revenues of £4.5m and PBT of £0.5m.
WANdisco (WAND.L) 130.5p £48.27m
The provider of enterprise-ready, non-stop cloud software solutions, has secured an important contract win for its Amazon S3 Cloud solution, available in Amazon’s AWS Marketplace, with global online gaming company Playtika. The deal is based on Terabytes of data being replicated by WANdisco Fusion on a subscription basis. “No other solution could move active, continuously changing data to the cloud without downtime and disruption“ FYDec16E rev£8.9m. £15.2m pre-tax loss.
Cyan holdings (CYAN.L) 0.21p £32.2m
The specialist in narrowband RF networks for Omni Internet of Things (IoT) communications, has won two Frost & Sullivan best practices titles in the 2016 awards. The Company was awarded the Global Smart Meter Growth Excellence Leadership Award and the Award for Best Practices in Enabling Technology Leadership in Smart Lighting Control for the Public Lighting Industry. These awards recognise CyanConnode’s consistency in delivering innovative technology and customer value across the global smart metering and smart lighting industries.
Dolphin Capital Investors (DCI.L) 5.62p £50.89m
The investor in high-end residential resorts in the eastern Mediterranean, Dominican Republic and Panama, has entered into an agreement for the disposal of its Playa Grande Golf and Resort project, including the Amanera resort. The Disposal was agreed at an enterprise value of €140 million which represents a 10% discount to the project’s carrying gross asset value as at 30 June 2016 and will result in a loss on sale of €15 million.
Atlantis Resources (ARL.L) 69.5p £81.3m
The specialist in the tidal power sector, announced that first power has been produced from the MeyGen project site in the Pentland Firth, Scotland. This turbine is the first of four 1.5MW tidal stream turbines to become operational at the site for the first 6MW phase of a total build out of almost 400MW. Construction for the next 6MW phase, which benefits from a €17 million grant from the EC’s NER300 fund, is due to commence next year.
Nyota Minerals (NYO.L) 0.05p £0.94m
Under the Company’s plan to change focus and direction Nyota has concluded negotiations with BigDish Ventures, the holding company of a digital privilege card business for the restaurant sector, under which BigDish Ventures will (i) provide debt funding to the Company and (ii) the parties will work towards agreeing an acquisition of BigDish Ventures by Nyota. BigDish has provided Nyota with a £200k loan. The proposed acquisition would be considered a reverse takeover and Nyota has requested a suspension.
Gateley (GTLY.L) 111.5p £119.1m
H1Oct16 trading update from the national commercial law firm and complementary business services group. Trading has been good with growth in revenue and operating profit supported by good cash generation in line with the Board’s expectations. The Board looks forward to H2, with further organic growth in the Group’s core legal services, augmented by the contributions from the recently acquired complementary businesses of Gateley Capitus and Gateley Hamer combining to deliver on Gateley’s diversification strategy. FYApr17E rev £73.4m, PBT £13.15m.
Totally (TLY.L) 57.5p £11.5m
The provider of a range of out-of-hospital services to the UK healthcare sector, announced that it has completed the acquisition of the entire issued share capital of Optimum Sports Performance Centre, an established provider of physiotherapy services in the UK and one of the first physiotherapy providers in the UK to obtain ISO9001:2008 certification in 2013. Consideration of up to £650k with an initial £400k payment. The Board of Totally believes that the Acquisition will be earnings enhancing with revenue and profit growth potential.
ProPhotonix (PPIX.L) 6.25p £4.92m
The high technology designer and manufacturer of LED illumination systems and laser diode modules, with operations in Ireland and the United Kingdom, announced an addition to the COBRATM LED line light series with a new multi‐wavelength configuration. One target application is the print inspection market. High brightness, multi-wavelength lights allows faster processing of print product without the loss of inspection integrity. FYDec16E revenue $15.4m EPS 0.9c. 4.2x PE.
0203 764 2344
*A corporate client of Hybridan LLP
This document, which does not constitute research, has been issued by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectives, financial situation or needs of any specific entity and is not a personal recommendation to anyone. Recipients should make their own investment decisions based upon their own financial objectives and financial resources and, if any doubt, should seek advice from an investment advisor.
The information contained in this document is based on materials and sources that are believed to be reliable; however, they have not been independently verified and are not guaranteed as being accurate. This document is not intended to be a complete statement or summary of any securities, markets, reports or developments referred to herein. No representation or warranty, either express or implied, is made or accepted by Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings in relation to the accuracy, completeness or reliability of the information in this document nor should it be relied upon as such.
Any and all opinions expressed are current opinions as of the date appearing on this document only. Any and all opinions expressed are subject to change without notice and Hybridan LLP is under no obligation to update the information contained herein. To the fullest extent permitted by law, none of Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings shall have any liability whatsoever for any direct or indirect or consequential loss or damage (including lost profits) arising in any way from use of all or any part of the information in this document.
This document should not be relied upon as being an independent or impartial view of the subject matter and, for the avoidance of doubt, does not constitute “independent investment research” for the purposes of the Financial Conduct Authority rules. The individuals who prepared this document may be involved in providing other financial services to the company or companies referenced in this document or to other companies who might be said to be competitors of the company or companies referenced in this document. As a result both Hybridan LLP and the individual members, directors, officers and/or employees who prepared this document may have responsibilities that conflict with the interests of the persons who receive this document. Hybridan LLP and/or connected persons may, from time to time, have positions in, make a market in and/or effect transactions in any investment or related investment mentioned herein and may provide financial services to the issuers of such investments.
In the UK, this document is directed at and is for distribution only to persons who (i) fall within Article 19(5) (persons who have professional experience in matters relating to investments) or Article 49(2) (a) to (d) (high net worth companies, unincorporated associations, etc) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) or (ii) are Professional Clients or Eligible Counterparties (as those terms are defined in the rules of the Financial Conduct Authority) of Hybridan LLP (all such persons referred to in (i) and (ii) together being referred to as “relevant persons”). This document must not be acted on or relied up on by persons who are not relevant persons. For the purposes of clarity, this document is not intended for and should not be relied upon by persons who would be classified as Retail Clients (as defined by the rules of the Financial Conduct Authority).
Neither this document nor any copy of part thereof may be distributed in any other jurisdictions where its distribution may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Distribution of this report in any such other jurisdictions may constitute a violation of UK or US securities law, or the law of any such other jurisdictions.
Hybridan LLP and/or its associated undertakings may from time-to-time provide investment advice or other services to, or solicit such business from, any of the companies referred to in this document. Accordingly, information may be available to Hybridan LLP that is not reflected in this material and Hybridan LLP may have acted upon or used the information prior to or immediately following its publication. In addition, Hybridan LLP, the members, directors, officers and/or employees thereof and/or any connected persons may have an interest in the securities, warrants, futures, options, derivatives or other financial instrument of any of the companies referred to in this document and may from time-to-time add or dispose of such interests.
Neither the whole nor any part of this document may be duplicated in any form or by any means. Neither should this document, or any part thereof, be redistributed or disclosed to anyone without the prior consent of Hybridan LLP.
Hybridan LLP is a limited liability partnership registered in England and Wales, registered number OC325178, and is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Any reference to a partner in relation to Hybridan LLP is to a member of Hybridan LLP or an employee with equivalent standing and qualifications. A list of the members of Hybridan LLP is available for inspection at the registered office, 2 Jardine House, The Harrovian Business Village, Bessborough Road, Harrow, Middlesex HA1 3EX. If you would like to unsubscribe, please email email@example.com with “unsubscribe me”.