Small Cap Feast

Small Cap Feast – 18th November 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 995

Total number of AIM Companies trading: 971*
* As at 17 November 2016

Set Menu NEX Growth:

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

Total number of NEX Growth Market Companies trading: *
* As at 17 November 2016

Set Menu Standard List:

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

Total number of Standard List Companies trading: *
* As at 17 November 2016

Dish of the Day:

First day of dealings on Main Market for Civitas Social Housing (CSH.L) having raised £350m subject to scale back 

Off the Menu:

Atlas African Industries (AAI.L) has left AIM following the prior resignation of its Nominated Adviser

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

Warpaint London—Intention to Float on AIM from the specialist supplier of colour cosmetics. Aggregate £23m placing of new and existing shares. Targeting 30 November admission

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.


Breakfast Buffet

The Mission Marketing Group (TMMG.L) 40p £33.65m

The marketing communications and advertising group, announced that two Agencies of the missiontm, bigdog and Chapter, collectively scooped a record 17 wins at The Drum Cream Awards held on 16 November. bigdog secured the coveted Grand Prix award for its ‘Party Animals’ campaign on behalf of World Meat Free Day, marking the second consecutive year the Agency has received the accolade. In addition, bigdog and Chapter each won a further eight awards, making it the largest haul to date at Cream for both Agencies.


Rex Bionics (RXB.L) 22.5p £5.74m

The pioneer of the REX Robot technology that enhances the mobility of wheelchair users, announced the findings of a case report presented at the annual meeting of the Australian & New Zealand Spinal Cord Society. The participant completed once a week exercise regime in the REX over 10 weeks. The results demonstrated a significant improvement – with a complete resolution of headaches and neck pain and a significant reduction in shoulder and thoracic pain.


Frontier Developments (FDEV.L) 199.5p £68m

The developer of video games, released Planet Coaster, its second major self-published franchise, as planned on November 17. Planet Coaster builds on Frontier’s extensive expertise with coaster park simulation games – one of its previous games in the genre, RollerCoaster Tycoon 3, is still selling today over a decade after its release. FYMay17E revenue of £32.5m, PBT of £3.4m and EPS of 7.5p. 26.6x PE.


W Resources (WRES.L) 0.49p £21.37m

The tungsten, copper and gold mining, production, exploration and development company with assets in Spain and Portugal, announced initial results of the first hole from the 1,500 metre diamond core drilling campaign that commenced in mid-September at the São Martinho Gold Deposit in Portugal. A total of nine of holes have been drilled so far and the first assay results concluded, from the first hole SMD-04, that this intersected significant gold mineralisation in 6 levels including 2m at 4.2g/t and 2m at 7.6g/t.  


Netscientific (NSCI.L) 63p £32.18m

The healthcare IP commercialisation group, announced that technology from its portfolio company, Vortex Biosciences, was used in an analysis, published in peer-reviewed Oncotarget, of the merits of various approaches to assessing the mutation profiles in tumours. The analysis compared circulating tumour cells (CTCs), circulating free DNA (cfDNA) and tumour biopsy data, & found that all approaches had advantages and limitations, but that analysis of CTC and cfDNA together appears to enhance the ability to assess the mutation profile and metastatic status of a tumour.


President Energy (PPC.L) 5.95p £31.26m

The oil and gas exploration company, notes recent industry speculation regarding the price that oil producers in Argentina will receive for their production. The Company can confirm that under existing arrangements it expects to receive approximately $55 per barrel for its production until the year end. Looking ahead, using the Brent forward curve from 1Jan17, President anticipates  the IRR of its planned well workover campaign in 2017 will not be materially impacted (c.150%), and therefore expects no material difference in its anticipated year-end 2017 cash position.


CPP Group (CPP.L) 5.53p £47.41m

Trading update from the international assistance business. A combination of continued focus on cost control across the Group, increased sales volumes in the Indian business, and the impact of a weaker sterling on the results of European operations, has resulted in the Board now anticipating underlying operating profit1 for the full year ended 31 December 2016 to be materially ahead of the expectations detailed in the Interim Results. There are however no forecasts in the market.

Eagle Eye Solutions Group (EYE.L) 133.5p £29.58m

The SaaS technology company that validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries  has provided an AGM trading update. During  Q1 the Group has accelerated its growth rate, delivering revenue of £2.3m, up 74%. Of the total revenue, £1.9m (was contributed from the Eagle Eye AIR platform, representing a 105% year on year increase. This growth has been driven by the deepening of Tier 1 relationships in the UK and internationally, and increased transactional revenue in both  grocery and hospitality accounts.


Dorcaster (DAR.L) 162.5p £16.25m

Dorcaster has entered into an exclusivity agreement which provides it with the exclusive right to negotiate for the acquisition  Escape Hunt Group Limited, a leading global provider of live escape the room and exit game experiences. The expected considerations of $23.5m in cash and shares. A fundraising is also expected. The acquisition would constitute a reverse takeover and Dorcaster has requested that its shares be suspended from trading.


Avesco (AVS.L) 625p £119.2m

Yesterday afternoon the provider of services to the corporate presentation, entertainment and broadcast markets announced a recommended cash offer for the Company at 65op per share or £124m. This is a 125% premium to the close on the day preceding the offer.


Head Chef:

Derren Nathan
0203 764 2344

*A corporate client of Hybridan LLP


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