Small Cap Feast

Small Cap Feast – 29 October 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 876

Total number of AIM Companies trading: *
* As at

Set Menu NEX Growth:

Total number of NEX Growth Market Companies (Incl Susp): 86*

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

Set Menu Standard List:

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

Total number of Standard List Companies trading: *
* As at

Dish of the Day:

No Joiners Today

Off the Menu:

MOD Resources Ltd (MOD) – Has delisted due to being acquired by Sandfire Resources

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

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

Eckoh (ECK) 48.25p £122.44m

Eckoh, the global provider of secure payment products and customer contact solutions, announces a trading update for the six months ended 30 September 2019.  Figures relate to this period, unless otherwise stated.

The Board is pleased to announce that trading for the six-month period was in line with expectations.  It has been a very strong first half to the year with excellent levels of contracted business and double-digit revenue growth in both the UK and US.

The US business continues to perform strongly, and total business contracted was $14.4m (H1 2019: $12.5m), an increase of 15% year on year, which was an impressive result given that the prior half year comparator included our largest ever contract valued at $7.4m.

We continue to have excellent momentum in our US Secure Payments business, with ongoing success in the retail and healthcare sectors and we have recently won our first client in the gaming sector. “

Koovs (KOOV) 3.25p £12.2m

Koovs, the Western fashion experts for online Indian consumers, provides an update on its trading performance for the three months to 30 September 2019, being the second quarter of its 2020 financial year (“Q2 2020”).

Key Q2 2020 Highlights

Gross Order Value (“GOV”) increased by 100% to £5.0m (Q2 2019: £2.5m)

Trading margin increased to 12% (Q2 2019: 7%)

Website traffic up by 69% to 27.3m visits (Q2 2019: 16.2m)

Conversion rates of 1.3% (Q2 2019: 1.1%)

The second quarter of the current financial year has seen a continuation of the strong growth in website traffic and GOV. This represents the completion of three consecutive quarters of growth in our key performance metrics set out above and is a clear indication of the strength of the Koovs’ underlying business model.

Plus500 (PLUS) 842p £874m

Plus500, a leading online service provider for trading Contracts for Difference internationally, today issues the following trading update for the three months ended 30 September 2019.

Highlights

Strong improvement in quarterly performance compared to the previous period with good revenue growth and a strong increase in EBITDA

Consistent new customer numbers and customer activity over the last two quarters driven by macro and geopolitical events

45% of Q3 Group revenues derived from outside the EEA region (Q2 2019: 44%)

40% of Q3 EEA revenues from Elective Professional Clients (“EPC”) (Q2 2019: 40%)

Trading for the first nine months of 2019 in line with current expectations for the year

Two Shields Inv. (TSI) 0.12p £5m

Two Shields Investments plc, the AIM quoted investment company with a revised strategy focused on building a portfolio of investments in fast growing disruptive markets including technology metals, cyber security, e-commerce and technology enabled businesses, announced that it has raised £1,000,000 via an oversubscribed  placing with existing and new investors of 1,000,000,000 new ordinary shares in the Company at a price of 0.1p pence per Placing Share.

Placing proceeds will support the development of current portfolio companies, including up to £400,000 to fund further investment in BrandShield, an anti-counterfeiting, anti-phishing and online brand protection solution and up to £400,000 in to WeShop which is an innovative, digital social network platform focused on the rapidly growing and highly valuable social e-commerce sector.

Globalworth Real Est (GWI) 9.2p £1,765m

Globalworth, the leading office investor in Central and Eastern Europe, publishes its first annual Sustainable Development Report which encompasses an overview of its environmental, social and economic performance for the reporting period from 1 January 2018 to 31 December 2018.  This report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards – core option, and in accordance with the European Public Real Estate Association’s Sustainability Best Practice Reporting Recommendations (EPRA sBPR).

Oriole Resources (ORR) 0.33p £2.1m

Oriole Resources, the AIM-quoted exploration company focused on West Africa, provides an update on Turkey where it has made significant progress operationally and where it continues to realise value across the portfolio.

In the year to date, the Company has received income of two million Turkish lira from success-based payments and through consultancy fees. This has enabled the Turkish team to become financially self-sustaining during 2019, whilst they continue to manage the Group’s multiple investments in the country. The Company’s portfolio of interests are largely managed by local third parties.

Agronomics Limited (ANIC) 5.75p £6.5m

The board of Agronomics Limited announced it has completed a subscription of US$ 500,000 in the form of a Convertible Loan Note in Shiok Meats Pte. Ltd.. Shiok Meats is a Singapore based company, that is developing cultured seafood products, focusing on shrimp. Upon conversion, the Subscription is expected to give Agronomics an approximate interest of 2.3% in Shiok Meats on conversion. The Subscription will be paid using cash from the Company’s own resources.

Telit Communications (TCM) 170p £227m

Telit Communications, a global enabler of the Internet of Things (IoT), announces that the Telit deviceWISE Asset Gateway software has been validated by Dell Technologies for use on its Dell Edge Gateway 3000 series and the software is now available as an integrated Cloud-ready industrial IoT solution.

Telit’s deviceWISE Asset Gateway software and cloud-based IoT platform forms a combined hardware and software solution that enables customers to carry out edge computing including real-time data analysis and other mission-critical IoT applications across global industrial markets.

KEFI Minerals plc (KEFI) 0.73p £5.8m

KEFI confirms the receipt by Tulu Kapi Gold Mines Share Company of all the Government permits and independent consultants reports required for closing the Project equity financing and triggering the development of the Project.  The only outstanding matter now is for the Ethiopian Government to resolve certain internal administrative matters.

Science in Sport (SIS) 50.25p £61.4m

Science in Sport, the premium performance nutrition company serving elite athletes, sports enthusiasts and the gym lifestyle community, announces the appointment of Neil Tinegate, a highly experienced digital executive, as the Company’s Group E-Commerce Director. His previous roles included Head of Digital Innovation at Argos, and at EMI Music, where his roles included Vice President Digital Projects.

Head Chef:

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

*A corporate client of Hybridan LLP

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