AIM Breakfasts

AIM BREAKFAST – 1st November 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 994

Total number of AIM Companies trading: 972*
* As at 31 October 2016

Dish of the Day:

No AIM Joiners Today

Off the Menu:

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 31 October 2016

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

FreeAgent—Schedule one now out from the provider of accounting software to small businesses. Date and quantum of raise still to be disclosed.

Civitas Social Housing –Intention to float on Main Market from the first REIT to be listed on the London Stock Exchange offering pure play exposure to social housing

Filta— AIM Schedule One update  from  the provider of a number of services to national and independent commercial kitchen operators and owners.   Targets 4 November listing. Seeking £4.3m new equity plus £1.9m shareholder sale

Breakfast Buffet

RM2 International (RM2.L) 26p £115m

The vertically-integrated innovator in pallet development, management and supply is introducing a proprietary solution to monitor pallets as they move through the supply chain. ELIoT (Electronic Link to the Internet of Things) is a track & trace monitoring device that enhances both pallet and supply chain security and provides actionable information.  FYDEC16E revenues of £41.86m and loss per share of 2.71p.

Avacta Group (AVCT.L) 93p £63.6m

The developer of Affimer® biotherapeutics and research reagents, will present detailed data from the first pre-clinical in-vivo studies of its therapeutic Affimer platform at the Protein and Antibody Engineering Summit in Lisbon on 1 November 2016. Affimer PD-L1 immune checkpoint inhibitor shown to reduce tumour growth rate in mouse model. Analysis shows that Affimer treatment increases immune cell population in the tumour mass.  Demonstrates that Affimer molecules possess the right properties to be used as therapeutics.

Franchise Brands (FRAN.L) 52.p5 £24.74m

The multi-brand international franchisor acquired Barking Mad Limited for a total consideration of £900,000. Barking Mad is a pioneer & leading franchise provider of dog sitting services in the UK with 75 franchised territories across the UK, operated by 71 franchisees. Based on unaudited statutory accounts, Barking Mad’s revenue for the year ended 30 April 2016 was £616,000 (2015: £561,000) and profit before tax was £155,000 (2015: £103,000). Expected to enhance earnings in 1st full year. FYDec16E £4.8m rev and £0.61m PBT.

Sprue Aegis (SPRP.L) 153.75p £70.5m

The home safety product supplier recently launched its new Wi-Safe Connect product range at Europe’s largest safety and security show in Germany to positive customer feedback. Wi-Safe Connect is an innovative and intelligent, cloud-based alarm notification and network management system utilising the Intamac source code acquired Sep 2016. Sprue recently secured €1.7m of further orders to be shipped before year end to its principal German customer, EPS. The Board believes that Sprue is well positioned for further sales growth into Germany. FYDEC12 revs £58m, £2.1m PBT.

Firestone Diamonds (FDI.L) 57.5p £181.1m

FYJun16 results. Underlying loss of $9m. Post year end  Liqhobong commenced production in October 2016. At full production, Liqhobong will produce one million carats per annum, which would place it in the mid-tier of diamond mines globally. Anticipates anticipate treating between 1.8 and 2.0 million tonnes of ore, recovering between 380,000 and 450,000 carats, during the financial year ending 30 June 2017.  FYJun17E revenue of £22.2m and £6.7m loss.

Paragon Entertainment (PEL.L) 2.5p £4.78m

Trading update from he attractions design, production, fit-out and licensing business.  The Group is trading ahead of the Board’s previous expectations as Paragon has moved beyond the distractions of recent years which has enabled staff and management to focus their efforts on its core attraction ‘design and build’ business. Now expects revenue for FYDec16 to be approximately £13.2m, ahead of previous expectations of £11.0m; and EBITDA to be approximately £1.0m, ahead of previous expectations of £0.5m.

Amur Minerals Corp (AMC.L) 4p £23.78m

The far east Russian sulphide nickel copper explorer, announced the completion of its highly successful and cost effective 2016 field season on its flagship Kun-Manie nickel copper sulphide project. The total cost of the 2016 field season is estimated to be US$1.65m. 19,785 metres were drilled at an average cost of US$40.17 per metre.  Drilling substantially expanded the MKF deposit by more than 40% to a total length of 3,000 metres.  Average grade of 7.4k tonne bulk sample is 0.75% nickel and 0.20% copper.

Edenville Energy (EDL.L) 0.59p £4.4m

The developer  of an integrated coal to power project in western Tanzania, is announced the results of a technical assessment carried out by Sound Mining Solution (SMS). The analysis by SMS confirms there are sufficient resources at the Company’s Rukwa Coal to Power Project for a power plant size of 300MW, an increase from the previously modelled 120MW power plant. In parallel with the development of an integrated coal to power project, the Company continues to assess the potential for small scale mining to supply coal to the local market.

Concurrent Technologies (CNC.L) 59.5p £43.27m

The specialist in the design and manufacture of high-end embedded computer products for critical applications in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, has  announced the launch of a new AdvancedMC™ module. The AM F5x/msd module uses a choice from the latest Intel® Xeon® processors and is designed for use in long life-cycle applications within the test, wireless, scientific and semiconductor markets.  FY16E £16.3m rev, EPS 6.19p. Div 2.1p. 3.5% yield. 9.6x PE.

URU Metals (URU.L) 0.83p £2.71m

Progress update at the Zebediela Nickel Project, located in Limpopo Province, South Africa. Licences renewed for two years. A new work programme is planned for 2017 that includes drill testing potential extensions of the nickel mineralisation, infill drilling, metallurgical studies and the completion of an updated mineral resource estimate. Key hires made to the technical team

Head Chef:

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

*A corporate client of Hybridan LLP

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