AIM Breakfasts

AIM BREAKFAST – 25th August 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 1,005

Total number of AIM Companies trading: 991*
* As at 24 August 2016

Dish of the Day:

No primary today

Off the Menu:

No 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 24 August 2016

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

APQ Global –  The lendor recently raised £78m on admission to  the Channel Islands Security Exchange  and is  joining AIM tomorrow

Misys— The press reports that the Banking Technology provider owned by Vista Equity Partners is seeking a £5.5bn float in London

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

Aura Energy—ASX listed uranium developer (ASX:AEE) expected to join AIM 6 September


Breakfast Buffet

OptiBiotix Health* (OPTI.L) 74p £57.8m

The Life Sciences business developing compounds to tackle obesity, high cholesterol and diabetes, has today released its Half Year report to May 2016 highlighting a period of accelerating commercial and scientific progress. The period included agreements with major food brands and ingredients manufacturers, the formation of a JV based around its IP in the skin Microbiome and a placing of £1m at 78p. Opti now has four divisions each of which have the potential for a separate listing.


Vitesse Media (VIS.L) 4.25p £2.74m

The B2B events and digital media company has reported H1Jul16 results. Revenues increased by 12.5% to £931k. Losses reduced by 45% to £69k.·  Major overhaul of all brand websites to be launched by the end of September 2016.

“Women in IT” revenues significantly increased over the prior year. In only its third year 650 attendees, are expected up from 450 last year. Funding remains tight with net current liabilities of  £0.5m.


Wey Education (WEY.L) 3.62p £3.47m

FYAUG16 trading update from the education group operating InterHigh, the UK’s only online fee paying secondary school teaching iGCSEs and A-Levels.

2015/16 student numbers at record levels – up 52% year on year· Second School launched in August 2016. New intensive A-Level retake course launched from September 2016. The Company expects to make its Preliminary Announcement on 31 October 2016.


Thor Mining (THR.L) 0.03p £1.86m

The Company has announced the commencement of the aircore drilling campaign designed to test for additional tungsten mineralisation within a six kilometre radius of the Company’s existing Molyhil tungsten deposit in the Northern Territory of Australia. 50 hole drill programme designed to test bedrock through shallow alluvial cover. The key objective of the new drilling programme is to find additional ore sources for the Molyhil project, thereby extending the estimated mine life and reducing costs.


Hayward Tyler Group (HAYT.L) 86.5p £47.91m

The specialist engineering group  announced the official opening by the Duke and Duchess of Cambridge of its Centre of Excellence. The new “fit-for-nuclear” facility in Luton,  recently underwent a multimillion pound refurbishment which will support the Group’s long-term growth plans across its international markets.

The Centre of Excellence is now the world’s most advanced facility for specialist fluid-filled motor manufacturing.


Cyprotex (CRX.L) 145.5p £32.7m

The specialist Contract Research Organisation (CRO), announced the installation of two AB Sciex TripleTOF® 6600 mass spectrometer systems complementing its existing offer.  “As we expand into new markets, our analytical capabilities need to diversify to meet the requirements for different types of molecules. Cyprotex now have an impressive range of analytical separation and detection capabilities enabling us to tackle more challenging molecules with the greatest chance of success.”


Bellzone Mining (BZM.L) 0.3p £4.38m

Bellzone has announce an update and results of the technical study undertaken to date on its Kalia Project for the production of ferronickel, as the first step in exploiting its Kalia iron ore concession: A further detailed study to determine the major cost parameters for a base case ferronickel project indicates a financially attractive opportunity. The planned Ferronickel Project production is supported by Indicated and Inferred Mineral Resources of 79.28 million tonnes at 0.69% .


MXC Capital (MXCP.L) 2.9p £99.16m

The Company returned £0.8 million to shareholders in the February 2016 Tender Offer and the Board now proposes to return a further £3 million to shareholders via a Tender Offer at 3.6 pence per share, a premium of 24% over the closing middle market price at 24 August 2016. The Technology focused merchant bank is trading well, and made a £7m realisation of part of its investment in Redcentric in June. The estimated post tender offer cash balance is £12m.


Coral Products (CRU.L)21 p £17.35m

FYApr16 finals from the specialist in design, manufacture and supply of injection moulded plastic products.  Group revenue increase of 7.4% to £18.7m. Underlying EBITDA increased by 22.5% to £2.3m maintaining an improvement in operating cash flow.  Successful integration of business and assets from Neiman Packaging Limited in June 2015. The shares are on a current year PE of 6.9x and projected yield of 6.8%.


Taihua (TAIH.L) 1.13p £0.92m

The Company is a pharmaceutical company based in China that specialises in the cultivation of raw materials that are used in Traditional Chinese Medicine along with the manufacture of TCM and Homoharringtonine. It has launched an Open Offer to raise £716k at 2.63, a premium of 133.8% to complete a share buy back. We are a little puzzled by this transaction.


Head Chef:

Derren Nathan
0203 764 2344

*A corporate client of Hybridan LLP


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