AIM Breakfasts

AIM BREAKFAST – 29th September 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 1,001

Total number of AIM Companies trading: 986*
* As at 28 September 2016

Dish of the Day:

No AIM Primary Today

Off the Menu:

Superglass Holdings (SPGH.L) to delist from AIM following a takeover

Set Menu ISDX Growth:

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

Total number of ISDX Growth Market Companies trading: *
* As at 28 September 2016

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

Saudi Aramco—Press reports the Saudi national oil company is considering an IPO. London, NYSE, and Hong Kong in running

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

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

Cambridge Cognition Holdings* (COG.L) 84.5p £17.3m

The neuroscience company  has announced the signing of two major contracts using the Company’s CANTAB Connect technology. The contracts totalling US$3.67million (£2.82 million) are with US biopharmaceutical companies for late stage clinical trials and will contribute US$1.07 million (£0.82 million) to reported revenue in the second half of 2016. The award of the contracts was expected and so the outlook for the current year remains unchanged. We are forecasting FYDe16E revenues of £7.1m and £0.11m PBT.

 

Edenville Energy (EDL.L) 0.43p £2.64m

The Company developing a coal-to-power project in south west Tanzania is pleased to announce that it has raised £500,000 at 0.4p. In addition to the Placing, which was oversubscribed, a total of 62,500,000 warrants have been issued to the subscribers on the basis of one warrant for every two Placing Shares, exercisable at 0.54 pence per warrant at any time over the next 12 months.  Proceeds to be used for the advancement of commercial mining operations, the continuation of the technical and regulatory requirements and for general corporate requirements.

 

Avingtrans (AVG.L) 193p £54.06m

Avingtrans, which designs, manufactures and supplies critical components, modules and associated services to the energy, medical and industrial sectors, has announced that Metalcraft has signed an exclusive ten year agreement with Wuhan Zhongke Niujin Magnetic Resonance Technology Co. in Wuhan, China worth £9m over the contract life, for the production of high integrity cryostat components for Nuclear Magnetic Resonance systems. FYMay17E revenues of £24.25m and EPS of 1p.

 

Gaming Realms (GMR.L) 18p £49.34m

The creator and publisher of mobile real money and social games, announced that is has signed a partnership deal with Express Newspapers. The partnership deal will see the launch of two new online gaming websites, Star Wins and Express Wins. Bear Group, Gaming Realms’ real money gaming division, has built both websites and will also be responsible for the on-going management of their content. Express Newspapers, who owns the brands, will market the new gaming websites across its media platform. The three-year deal also includes a revenue share agreement.

 

Redstone Connect (REDS.L) 1.7p £27.26m

The provider of technology and services for smart buildings and commercial spaces, has been awarded a contract to help define a digital framework that will shape a smart retail and car parking offering, including the development of a digital retail centre wayfinding app, in Milton Keynes City Centre. This initial consulting phase of the contract will be completed by October 2016 with additional scope for RedstoneConnect to participate in the build and maintenance of the project during 2017. FYJan17E revenues of £46m and 0.48p EPS.

 

Concurrent Technologies (CNC.L) 63.5p £46.18m

The specialist in the design and manufacture of high-end embedded computer products for critical applications in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, has announced the launch of a new 10 Gigabit Ethernet switch. “This new switch enables our customers to construct server class solutions that can analyse, encrypt and transcode data in harsh environments.” FYDec16E revenues £16.3m. EPS 6.19p. 10.2x PE. 3.3% yield.

 

Porta Communications (PTCM.L) 3.62p £10.41m

H1 Jun 16E results from he international communications and marketing group. Gross profit down 1% ‘despite the impact of Brexit, offset by organic growth in Asia-Pacific of 11%. ‘  Headline EBITDA £935k vs £1.33m. ‘The outlook is undoubtedly strengthening all the time now that the Brexit vote is behind us, but we cannot relax our resolve in growing the business. We can say with confidence that the platform is there to continue driving the business forward.’ There are no forecasts in the market.

 

Galantas Gold (GAL.L) 9p £12.4m

The Company has been notified of a likely extension of the time required for the hearing of the Judicial Review, of its planning consent for an underground mine on its property at Omagh, County Tyrone, Northern Ireland, beyond the current 27th-29th September 2016 listing dates. It is now considered likely that, because more time may be required, the Court may look to list a continuance for early December 2016.

 

Range Resources (RRL.L) 0.47p £36.08m

Rockflow Resources Limited, has completed an evaluation and independent audit of the Company’s oil and gas reserves and resources in Trinidad as at 30 June 2016. “We are encouraged with the increase in our independently audited 2P reserves by 11%, which validates the quality and potential of our Trinidad assets. “ The 2P reserves now stand at 24MMBOE.

 

Plutus PowerGen (PPG.L) 1.45p £10.03m

The company focused on the development, construction and operation of flexible stand-by power generation sites in the UK, has been informed that Bristol Council has turned down a planning permission application for a 20MW flexible stand-by power generation site. The Board is surprised given previous recommendations and is considering appealing. However, the Board remains confident it can achieve the Company’s aim of delivering at least 200MW of capacity by the end of 2017.

 

Head Chef:

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

*A corporate client of Hybridan LLP

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