Small Cap Feast

Small Cap Feast – 20 March 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 905

Total number of AIM Companies trading: 835*
* As at 11 March 2019

Set Menu NEX Growth:

Total number of NEX Growth Market Companies (Incl Susp): 89*

Total number of NEX Growth Market Companies trading: 87*
* As at 11 March 2019

Set Menu Standard List:

Total number of Standard List Companies (Incl Susp): 161*

Total number of Standard List Companies trading: 142*
* As at 11 March 2019

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

What’s Cooking in the IPO Kitchen?

Main Market (Premium)

US Solar Fund, a newly-established investment company focused on investing in solar power assets mainly in the US, looking to raise $250m at $1. Expected 20 March

AIM

Network International Holdings—Potential Intention to Float— leading enabler of digital commerce across the Middle East and Africa  region, operating across over 50 highly underpenetrated payment markets that contain a total population of 1.5 bn. 2018 rev $298m, underlying EBITDA $152m.

Techniplas –global  producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient.  FYDec17 rev $515m.

Diaceutics, a data analytics and implementation services company which services the global pharmaceutical industry, due to join AIM 21 March. Mkt Cap c. £53m  Raising £17m at 76p.

Rumours and Speculation

According to www.thenational.ae, Sumner Group  the Dubai Multi Commodities Centre-based company, is looking to raise up to $100 through a security token offering (STO) ahead of a planned listing on the LSE next year.

Breakfast Buffet

Conroy Gold (CGNR.L) 7p £1.78m

The 2019 drill programme will commence shortly on the 65 km (40 mile) gold trend that the Company has discovered in the Longford-Down Massif in Ireland where the Company has, at Clontibret, a JORC resource of 517,000 oz Au and estimated in the overall Clontibret, Clay Lake, Glenish area, an Exploration Target of a further 8.8M oz Au (as previously announced by the Company on 2 August 2018).

The 2019 drill programme will initially focus on the South Western, or Slieve Glah area, of the gold trend, approximately 40 km southwest of Clontibret.

The Company’s booth at the 2019 Prospectors and Developers Association Conference (“PDAC”) attracted a high degree of interest from representatives of the mining industry who were not only made aware of the Company’s major gold prospects in Ireland but also of the Company’s openness to joint venture discussions.

 

Physiomics* (PYC.L) 3.6p £2.5m

Physiomics is participating in the American Academy of Cancer Research  Annual Meeting 2019, taking place in Atlanta, Georgia, 29th March to 3rd April.  The company will for the first time be presenting on two new topics arising from client and grant funded projects.

1) A precision dosing application for prostate cancer chemotherapy. This is PYC’s first tool based on machine learning technologies.

2) Predicting the effect of radiotherapy on tumour growth inhibition and time to progression in head and neck cancer. “The most recent evolution of Virtual Tumour™ has been to enhance its ability to model the longer-term re-growth of clinical tumours which can exhibit widely varying times to re-growth/ progression following irradiation.”  “We believe that this enhanced capability increases the value of our predictions to our clients.”

 

Globalworth Real Estate Investments (GWI.L) €8.9 €1.2b

The “office investor in Central and Eastern Europe, announces that Aroundtown SA  has acquired an 11.8% stake in the Company.  Aroundtown is a real estate company with a focus on properties with value-add potential in central locations in top tier cities primarily in Germany and the Netherlands. With a commercial real estate portfolio worth more than 13 billion, Aroundtown is the largest and highest rated (BBB+ by S&P) commercial real estate company in Germany and the 4th largest in Europe (based on market cap of €8.6bn).

 

RA International (RAI.L) 37p £65m

 The “ provider of services to remote locations in Africa and the Middle East, is pleased to announce the Group has significantly expanded its operations in Mozambique. The Group has successfully concluded an agreement to acquire a 150,000 m2 parcel of land in Northern Mozambique and aims to commence building a large camp facility within months, in support of the upcoming gas projects in the region. Negotiations are already underway with potential anchor tenants.

In addition, the Group has successfully acquired a 49% shareholding in Royal Food Solutions S. A (RFS), a family-owned Mozambique based provider of integrated facilities management services.  RFS currently provides catering services to Mozal, KPMG, and Vodacom, making it the premier catering contractor in the country. “

 

Mporium (MPM.L) 5.3p £45.2m

The technology firm delivering event-driven marketing, announced the expansion of the commercial agreement, disclosed on the 8 February 2019, between its performance-led MporiumX division and a leading global sports media business. Under the updated terms of the agreement, Mporium’s proprietary IMPACT Sports Syncing technology will be deployed by the Business across its extensive global network, including North American markets. The technology will enable the Business to optimise its digital marketing campaigns in real-time and will drive an increase in the number of subscribers to its online sports streaming platform. This agreement represents the largest commercial opportunity that MporiumX is currently engaged in, outside of the consumer regulation sector.

 

SimplyBiz (SBIZ.L) 202p £154m

The  independent provider of compliance and business services to financial advisers and financial institutions in the UK, has conditionally agreed to acquire the entire issued share capital of Regulus Topco Limited. £74.3m total consideration. Conditional placing of £29.1m at 180p. Defaqto is a leading financial services technology business operating a fintech platform for 8,500 advisers and providing independent ratings of 21,000 financial products and funds, licensed by 230 brands.  A leading consumer brand with 70% recognition, Defaqto is a highly cash generative business built on a regulatory and capital light model; in 2018, generating revenues of £12.8m and adjusted EBITDA of £5.3m. . The Acquisition is expected to be earnings enhancing (before synergies) during the first twelve months of ownership.

 

Amerisur Resources (AMER.L) 17p £206m

Following notification by Vetra Exploración y Producción Colombia SAS of the proposed sale of its 50% working interest in block Put-8, Amerisur has exercised its right of first refusal to acquire that working interest. 

Following approval by the Colombian National Hydrocarbons Agency (ANH) the Company will hold 100% working interest and operatorship in Put-8.

The consideration for the acquisition is USD $19.1 million which will be met from internal resources. “The opportunity to increase our working interest and acquire operatorship was very attractive to us, consolidating even further our position around the OBA pipeline and bringing more operational flexibility. In the interim, while awaiting approval by ANH, preparations for the exciting drilling programme in the block will continue.”

 

BlueJay Mining (JAY.L) 9.8p £84m

“Bluejay notes market speculation and wishes to put on record that it has no current intention to undertake an equity capital raise.  The Company has sufficient funding in place that allows it to conduct its budgeted activities into Spring 2020.

In respect to customer engagement for the Dundas Ilmenite Project, Bluejay remains in detailed discussions with multiple parties, including the discussion announced on 27th February 2019. The Board remains confident that these discussions will achieve an attractive outcome for its shareholders. With regard to the timing of the Company’s impending pre-feasibility study (‘PFS’), which is being prepared in tandem with international mining consultants SRK Consultancy, the Board confirms that the PFS is nearing completion and anticipates that it will be published by the end of April 2019.”

 

IMImobile (IMO.L) 288p £194m

The global cloud communications software and solutions provider today announced the availability of its enterprise cloud communications platform IMIconnect on Salesforce AppExchange. This can enable businesses utilising the Salesforce Platform to rapidly launch and orchestrate two-way, trigger-based customer communications, across 10+ communication channels including SMS, WhatsApp, Apple Business Chat, In App and Push, amongst others.

 

7digital (7DIG.L) 1.1p £4.7m

The  specialist in B2B end-to-end digital music solutions, has appointed Julia Hubbard as CFO. Julia was Group Financial Controller in the early days of internet travel pioneer Lastminute.com before roles at Mowlem plc and CSC Media Group, where she was CFO. Most recently, Julia was CFO at AIM listed Amino Technologies plc where she partnered the CEO in a successful turnaround.

 

Head Chef:

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

*A corporate client of Hybridan LLP

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