Small Cap Feast

Small Cap Feast – 23 October 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 876

Total number of AIM Companies trading: *
* As at 20 October 2019

Set Menu NEX Growth:

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

Total number of NEX Growth Market Companies trading: *
* As at 20 October 2019

Set Menu Standard List:

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

Total number of Standard List Companies trading: *
* As at 20 October 2019

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What’s Cooking in the IPO Kitchen?

Main Market premium

African Export-Import Bank a supranational financial institution whose purpose is to facilitate, promote and expand intra- and extra- African trade, of its potential intention to publish a registration document, the Bank hereby confirms its intention to proceed with an Initial Public Offering. The GDRs are expected to be admitted to the standard listing segment of the Official List of the FCA and to trading on the Main Market of the LSE.

DNEG Limited intends to apply for admission of its Shares to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange’s main market for listed securities. The Offer will be comprised of new Shares to be issued by the Company (to raise expected gross proceeds of £150m). Admission is expected to take place in November 2019.

Breakfast Buffet

Crossword Cybersec*(CCS) 460p £21.5m

Crossword Cybersecurity  announced that Chief Product Officer, Jake Holloway, will be speaking at the CIPS UK Conference 2019 (the leading procurement conference in the UK,)  on the importance of every organisation implementing a Supplier Assurance Framework. Jake’s talk will cover this in the context of a case study on Rizikon Assurance, the Company’s supplier assurance management portal. Crossword Cybersecurity plc is proud to sponsor the event.
Crossword’s flagship product, Rizikon Assurance, helps companies to gain visibility on the risks posed by third party suppliers.

Over 100 procurement senior managers are currently evaluating Rizikon Assurance for use in their enterprise, and a growing list of Rizikon Assurance users are quickly realising the benefits of a centralised approach to third party risk

DXS International* (DXSP) 6p £2.1m

DXS International, the healthcare information and digital clinical decision support systems provider, announces that it has been awarded a place on the new NHS GPIT Futures framework. This framework, beginning on the 1st January 2020, will enable GP Practices to purchase  DXS products and services funded centrally by the NHS rather than from their own practice funds.

This GPIT Futures award follows an evaluation of a tender to The Health & Social Care Information Centre (known as NHS Digital).

 GPIT Futures replaces the current GPSoC2 framework, where DXS is currently an accredited Supplier of Clinical Decision Support to UK Primary Care, and where our Core Solution, DXS Point of Care is currently centrally funded by the NHS. All approved products and services will be placed on the NHS Digital Online Buying Catalogue that will make it easy for GP Practices to purchase DXS products and services.

Yu Group (YU.) 82.5p £13.3m

Yü Group PLC, the independent supplier of utilities to the UK corporate sector, welcomes the consultation, launched 22 October 2019, of Ofgem’s supplier licencing review.   

The Group supports the underlying themes of promoting more responsible risk management, with enhanced internal governance and increased oversight. The Board fully embrace these principles and is confident that the Group is already well positioned to meet these objectives.

The Group’s risk management practices in relation to its industry obligations are robust and embedded in the organisation. The Group has continued to meet its ongoing commitments to Ofgem. Contrary to reports of some suppliers’ late payments, the Board is pleased to confirm that Yü Group made full payment, when due, of its obligations under the Government’s Renewables Obligation scheme.

Panthera Resources (PAT) 8p £7.33m

Panthera Resources, the gold exploration and development company with assets in India and West Africa, provides an update on the Court case pending with the Rajasthan High Court and the recently announced financing agreement with Republic Investment Management. 

MMI’s case on behalf of the Joint Venture was not heard on Friday 18 October 2019 as anticipated and was rescheduled for 22 October 2019. However, it was listed at number 221 and the Court failed to process the case, again as a result of staffing shortages. We await confirmation of a new date for the hearing and will advise the market accordingly.

Additionally, we have been advised by Republic Investment Management that the final £100k tranche of the recently announced £500k financing has been authorised for transfer to Panthera’s account.  Upon receipt of those funds we will advise the market regarding settlement details.

Itaconix (ITX) 1.55p £4.17m

Itaconix, a leading innovator in sustainable specialty polymers, is today introducing its new VELAFRESH™ odour control product line for personal care at the Sepawa Home and Personal Care Conference in Berlin.

Itaconix is building the VELAFRESH™ brand with current and new products to meet emerging customer needs and expand the revenue opportunities for its proprietary odour neutralisation technology:

the Company is launching its new VELAFRESH™ ZP30 product to add further formulating and cost advantages in certain personal care applications, and

the Company is rebranding its current odour control product, RevCare™ MC, as VELAFRESH™ ZP20.

Nexus Infrastructure (NEXS) 140p £50.7m

Nexus Infrastructure, a leading provider of essential infrastructure services to the UK housebuilding and commercial sectors, announces a trading update ahead of its annual results for the financial year ended 30 September 2019, which will be announced on 10 December 2019.

The Board expects the Group’s profits for the full year ended 30 September 2019 to be in line with market expectations.

The Group’s divisional revenues have increased year-on-year: Tamdown will achieve high single-digit percentage revenue growth. TriConnex will deliver strong revenue growth following an overall increase in the number of projects secured and the acceleration of certain projects in the period; and eSmart Networks continues to successfully scale-up.

KEFI Minerals (KEFI) 0.72p £5.36m

KEFI Minerals, the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, reports that following the commencement of drilling activities at the Company’s Hawiah Exploration Licence in Saudi Arabia, as announced on 30 September 2019, the first drill hole (HWD_001) has intercepted a 15.8 metre interval (true width estimated at 8 metres) of massive sulphide at a vertical depth of 125 metres.  The mineralisation encountered presents dominantly as pyrite and chalcopyrite (a principal ore for copper), and minor bornite, with associated alteration and lithology consistent with that of a Volcanic Massive Sulphide “VMS” system.

ReNeuron Group (RENE) 146.5p £43.3m

ReNeuron Group, a UK-based global leader in the development of cell-based therapeutics, announced that new data relating to its CTX stem cell platform will be presented today at the 27th Annual Congress of the European Society of Gene and Cell Therapy (ESGCT), a leading scientific conference taking place this week in Barcelona, Spain.

Dr Steve Pells, Principal Investigator at ReNeuron, will present new data showing the phenotypic stability and scalability of a mesenchymal stem cell line derived from the Company’s proprietary, conditionally immortalised, human neural stem cell line (CTX) following re-programming to a pluripotent state.

Range Resources (RRL) 0.04p £2.76m

Range, an international company with oil and gas projects and oilfield service businesses in Trinidad and Indonesia, announced it has signed a Sale and Purchase Agreement with Wilson Energy Services Inc., a private company incorporated in Canada for the sale of four drilling rigs and related equipment for a total cash consideration of US$3.6 million.

easyHotel (EZH) 102p £148.9m

Further to the Company’s announcement in December 2018, planning permission for the development of the 209-room easyHotel Paris-Charles de Gaulle Airport has now been granted.

The Group has secured an operating lease agreement with Groupe ADP The hotel will be let on a 24-year FRI lease at an annual rent of approximately €1.1 million.

Head Chef:

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

*A corporate client of Hybridan LLP

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