AIM Breakfasts

AIM BREAKFAST – 23rd September 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 1001

Total number of AIM Companies trading: 986*
* As at 22 September 2016

Dish of the Day:

No AIM Primary Today

Off the Menu:

Yujin International leaving AIM to join ISDX as HealthPerm Resourcing following a reverse takeover

Set Menu ISDX Growth:

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

Total number of ISDX Growth Market Companies trading: *
* As at 22 September 2016

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

Krispy Kreme UK — Press reports that Alcuin Capital Partners, the owner of  the doughnut chain is seeking a London float this year

Air Astana — In the press: Kazakhstan ‘s Air Astana intends to list in Kazakhstan. London a strong candidate for secondary listing

Biffa — Intention to float announcement states that up to £270m  is to be raised to pay down debt and historic landfill tax liability

Bacanora Lithium — To list on AIM around 28 Sep as holding company for TSX listed Bacanora Minerals at £100m market cap

Breakfast Buffet

Randall & Quilter Investment Holdings (RQIH.L) 121p £87.2m

The Company focused on investment activities and services in the global non-life insurance market  has acquired  United States Sports Insurance Company (USSIC), a wholly owned captive insurer of USA Swimming. USSIC, which is in run-off, had a total net asset value of $5.3m as at 30 June 2016, adjusted for a pre-acquisition dividend, against a $2.1m consideration. USSIC generated comprehensive income of $972k for the year ended December 31, 2015.

Netscientific (NSCI.L) 75.5p £38.56m

The transatlantic healthcare IP commercialisation Group, announces that its portfolio company, Wanda, has been selected by the Los Angeles-based 24Hr HomeCare to provide its predictive analytics and behavioural guidance technology to improve outcomes for at risk-patients and reduce hospital readmissions. 24Hr HomeCare is a leading provider of high-quality, professional caregiving services to seniors and the disabled, allowing them to continue full, active and healthy lifestyles.

Haydale Graphene Industries (HAYD.L) 184p £28.36m

The Group focused on enabling technology for the commercialisation of graphene and other nanomaterials has conditionally agreed to acquire ACMC Holding a silicon carbide whisker manufacturer based in South Carolina, United States, for a total consideration of up to $7m. The company is also conducting a placing at 160p to raise up approximately £2.1m via an accelerated book build, alongside an open offer to raise up to a further £0.5m.

MX Oil (MXO.L) 1.13p £12.84m

The oil and gas investing company has announced H1 June 2016 interims. Total losses were £1.8m. The company ended the period with cash of £638k. Over £7m of equity funding was raised in the period, much of which was applied against an investment in the now producing Aje Field in off shore Nigeria, and repayment of loan notes. Despite the disappointment of  not ultimately securing a license or selling its interests in Mexico, the Company believes Mexico may still provide interesting opportunities in the future.

Cogenpower (CGP.L) 21p £9.66m

The low-carbon technology energy business has resolved to withdraw from the gas and electricity retail business. The Group’s strategy, is focused on growing the profitable Combined Heat and Power and District Heading (CHPDH) business and further penetrating the global €30 billion district heating market. The company has also agreed a new gas supply contract which represents a saving of circa €350k over a 1 year duration.

Fiske (FKE.L) 40.5p £3.43m

The independent stockbroking and investment management firm  released an AGM Statement yesterday afternoon. The  costs relating to the change in systems are now behind the Company with only the license fee having been capitalised. The current year has started well and Q1 has been profitable. Q2 has continued in a similar vein. ‘Markets world-wide remain remarkably buoyant at present although volatility is still prevalent.’

Obtala (OBT.L) 12.25p £32.25m

The African focused agricultural & forestry company, has, through its wholly owned subsidiary African Home Stores has agreed to dispose of its 72.69% owned chain of Lifes’ Comfort Solutions retail outlets in Lesotho,  for a nominal consideration of $100. The division made a loss before tax of £0.75m in 2015 and is considered non-core. Deferred consideration of US$ 225,000 on the original October 2014 purchase, remains payable in monthly instalments by AHS.

BMR Group (BMR.L) 5.5p £9.56m

BMR’s subsidiary Enviro Mining Limited  has entered into a project construction and trade finance facility for up to $5.2m. This underpins the cost of the plant at Kabwe, a tailings retreatment project. Construction of the plant is expected to be completed for commissioning in 2017. The facility also provides BMR with the funding necessary for exercising the option agreement on the Star Zinc licence.

Baron Oil (BOIL.L) 0.72p £6.54m

Baron Oil has entered into a Joint Venture with SundaGas, a Singapore-based company, to search for new business opportunities in Southeast Asia. SundaGas is a new exploration & production company, founded by Dr Andy Butler, formerly VP Business Development at Mitra Energy.  SundaGas has already identified a portfolio of potential opportunities, ranging from new Production Sharing applications to purchases of existing production.  SundaGas can also bring an operating capability in SE Asia to the table.

Solo Oil (SOLO.L) 0.44 p £16.07m

Solo has today been informed by the Ruvuma Petroleum Sharing Agreement operator, Aminex plc, that a rig contract has now been signed for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin. The Carol#2 drilling rig, which is currently on the Ntorya-1 well pad, will shortly be mobilised to the Ntorya-2 pad which is located approximately 1.5 km to the southwest.  The contract is for one firm well, with an option for a second well.

Head Chef:

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

*A corporate client of Hybridan LLP

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