AIM Breakfasts

AIM BREAKFAST – 17th August 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 1,006

Total number of AIM Companies trading: 990*
* As at 16 August 2016

Dish of the Day:

No Primary today

Off the Menu:

Darty (DRTY) delisted from Main Market following completion of acquisition by Fnac

Set Menu ISDX Growth:

Total number of ISDX Growth Market Companies (Incl Susp): *

Total number of ISDX Growth Market Companies trading: *
* As at 16 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

Newmark Security (NWT.L) 1.725p £8.1m

The provider of electronic & physical security systems, announced prelims for FYApr16. Revenue from  Asset Protection Division lower due to lower volumes of some major customer programmes. Operating profit affected by new market/product developments. Turnover -4.5% to £21.8m. EPS of 0.26p vs 0.48p. Divi of 0.1p maintained. Cash of £4.3m. Current year profits to be significantly lower. New product launches and cash  building for  future. <0.5x sales. 6.6x PE.


AEC Education (AEC.L) 2.25p £1.8m

The provider of educational services in Europe and the Far East  has reported FYDec2015 results. Revenues down to £7.7m from £8.1m. Pre-tax loss of £1.4m vs £1.5m. “The restructuring of the operations in Singapore and London is now complete and this combined with the return to profit in Malaysia and the continuing investment enabled by the sale of our operations in Ireland creates a platform from which AEC can continue to rebuild group profitability.”


Imaginatik (IMTK.L) 1.88p £2.85m

The innovation company announced FYMar16 Finals.  Revenue increased by 16% £3.89m. Completion post year end of £1.67m (gross) equity placing and Open Offer. Net loss of £0.95m vs £1.47m.    3 new customers secured in the first quarter of the year, all for operational consulting engagements. Full service innovation offering has greatly improved customer retention since 2012.


Tracsis (TRCS.L) 430p £118.45m

The provider of software and services for the traffic data and transportation industry, has  announced that it has signed a significant order with a North American Class 1 railroad operator for its Remote Condition Monitoring (RCM) technology, which marks the Group’s first major contract in North America.  The total order value is in excess of $0.4m and is expected to be fulfilled before the end of 2016.  FYJul2016E forecasts looking for £29.7m revs and EPS of 20.57p. 20.8x PE


One Media iP Group (OMIP.L) 3.5p £2.49m

The digital media content provider, which consolidates, exploits and monetises intellectual property rights around music and video, announced it has completed the filming of a video pilot for a new Men & Motors series to be pitched to all major broadcasters both in the UK and on the international broadcast market.  The show is hosted by Boyzone’s Shane Lynch and Mercedes’s corporate and CNBS’s FI presenter Torie Campbell. The format of the new show is targeted at ‘late teens to thirty cools’.


Public Service Properties Investments (PSPI.L) 477.5p £181.12m

H1Jun16 numbers from the former specialist real estate investment and financing company. NAV/Share 55.8p. The company has sold all of its investment properties and expects a final return of capital before Q12017.


Oncimmune Holdings (ONC.L) 116p £59.2m

The early cancer detection company developing and commercialising its proprietary EarlyCDT® platform technology, announced that it has appointed Andrew Millet as Chief Financial Officer.  He has been interim CFO since June and has over 20 years of relevant experience. He commented “I have great belief in the autoantibody tests that can detect cancer up to four years earlier than other methods and look forward to playing a part in their continued success.”


Shanta Gold (SHG.L) 9.13p £53.2m

HY Jun 16 results from the East Africa-focused gold producer.  Gold production of 48,237 oz) (H1 2015: 28,180 oz); H1 gold sales of 47,621 oz at an average price of US$1,193 per oz  compared to average spot price of US$1,222 /oz (H1 2015: 25,142 oz at an average price of US$1,238 /oz). Revs of $55.7m vs $31.9m. EBITDA marginally up at $33.3m. Annual production guidance maintained for 2016 of 82,000 – 87,000 oz and expected to be towards the upper end of guidance. 4.5x PE.


Evgen Pharma  (EVG.L) 24.75p £18.1m

The clinical stage drug development company focused on the treatment of cancer and neurological conditions, announced that it has received a Clinical Trial Approval from the UK’s regulatory agency for the commencement of its Phase II clinical trial of SFX-01 in breast cancer.  The primary objectives of the STEM trial are to evaluate safety and efficacy (via tumour imaging) in patients starting to become resistant to mainstream hormone therapy.


Access Intelligence (ACC.L) 5.5p £14.7m

The supplier of SaaS solutions for reputation & operational risk management, announced H1May16 results. Revenue from continuing operations up to £5.5m (H1 2015 restated: £2.0m), reflecting acquisition activity. Revenue from existing continuing operations increased to £2.1 million (H1 2015 restated: £2.0 million).  Total loss from continuing operations of £1.2 million. Undertaken ‘significant restructuring’ to reduce costs/allow focus on its core business with a view to improving performance in 2017.


Head Chef:

Derren Nathan
0203 764 2344

*A corporate client of Hybridan LLP


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