Small Cap Feast

Small Cap Feast – 31 October 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 876

Total number of AIM Companies trading: *
* As at 23 October 2019

Set Menu NEX Growth:

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

Total number of NEX Growth Market Companies trading: *
* As at 23 October 2019

Set Menu Standard List:

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

Total number of Standard List Companies trading: *
* As at 23 October 2019

Dish of the Day:

No Joiners Today

Off the Menu:

Greene King has left the main market following a takeover by Hong Kong real estate group CKA

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

Main Market Premium
DNEG Limited One of the world’s leading digital visual effects, animation and stereo conversion companies for feature film and television.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.
Main Market Standard
Zaim Credit Systems— Zaim currently provides loans of up to Russian Roubles 30,000 (£375) to retail customers through its network of just over 95 sites predominantly in Moscow. Looking to raise £2.6m. Mkt cap £10.9m. Due 4th Nov. 2018 net interest £10.1m, PBT £835k.

Breakfast Buffet

Thor Mining* (THR.L) 0.235p £2.2m

Q3 update includes:
Molyhil · Marketing activities to lock in project finance and off-take agreements for both tungsten and molybdenum concentrates. · Significant upgrade Molyhil Mineral Resource Estimate. Drilling commences at Bonya. Tungsten price has strengthened by more than 25% since early September.
Pilot Mountain— · Commenced discussions with various US investors aimed at securing specific investment to progress this project.
Kapunda and Moonta Copper—· Regulatory approval work for field pump testing at Kapunda. · Field pump testing at Kapunda. Field pump testing at Kapunda due Q4.
In Q3 The board of the Company was strengthened with the appointment of Mr Mark Potter. In the current quarter Thor strengthened the balance sheet raising £510k at 0.2p.

Concepta* (CPT.L) 1.6p £4.2m

Concepta announces first myLotus® UK birth . Sonny Rocco Gordon was born on Wednesday 25th September 2019 and Sonny and his mother Isabel Gordon are both well. This announcement marks another major milestone for the Company representing the first birth using myLotus®, 10 months after its introduction to the UK market. The Company expects to announce growing numbers of births arising from other myLotus® pregnancies over the coming months.
Isabel Gordon (mother of Sonny Rocco Gordon) said; “Thank you for bringing us Sonny, without myLotus® I am sure he wouldn’t be here.” “myLotus® easily explains all the different features of how to use it, and the fact that it produces an individualised LH level for each ovulation test is quite frankly genius. This allowed me to track my ovulation in such a concise way that I felt in safe hands.

Crossword Cybersecurity* (CCS.L) 465p £21.77m

Crossword will be collaborating with global cyber security expert, NCC Group plc on third party cyber security assurance.
NCC Group will offer customers the choice of using Crossword’s Rizikon portal as a basis for the questionnaire and risk reporting part of its third-party cyber security audit service. The online platform will make it easy for customers and their third-party suppliers to complete questions and submit evidence to help assess risk and highlight any potential vulnerabilities in the supply chain. Additionally, NCC Group customers looking to use the portal to take control of all third-party risks will be able to buy it via NCC Group.
As global experts in cyber security and risk mitigation, NCC Group is trusted by over 15,000 clients worldwide to protect their most critical assets from the ever-changing threat landscape.

Intosol* (INTO.L) 22.5p £2.97m

HY Jul 19 results from the award winning, luxury travel company providing bespoke and unique holiday experiences globally. Gross margin improvement and significant cost reduction drove operating profit of £23k vs a loss of £775k.
“During the period we added new revenue streams, for example marketing of events and incentive travel, which helped enhance our gross margin. Furthermore, the traditional travel design business achieved a better gross margin through selling additional experiences to customers during their travels. The SOUL Private Collection experienced strong high season months (two of which fell within the reporting period) with a significant increase in short-term bookings. “ “Our growth strategy is underpinned by strong market fundamentals for high-end tourism, with research showing, that luxury travel is growing twice as fast as the overall market. “

PPHE Hotel Group (PPH.L) 1850p £784m

Results for the three months and nine months ended 30 September 2019. Revenue growth was aided by a strong RevPAR performance in the United Kingdom, driven by good increases in average room rate across a number of properties, and maturing trading and recent openings across several hotels in London and Amsterdam.
For the three months to 30 September 2019, like-for-like1 revenue increased by 5.6% to £120.2m (Q3 2018: £113.9m). Reported total revenue increased by 6.0% to £121.0m (Q3 2018: £114.2m). In the same period, like-for-like1 RevPAR increased by 3.9% to £116.3 (Q3 2018: £112.0). Reported RevPAR increased by 4.3% to £116.3 (Q3 2018: £111.5). RevPAR growth was largely a result of strong increases in average room rate, particularly in the United Kingdom.

Proteome Sciences (PRM.L) 2.64p £7.8m

Proteome’s services platform has continued to strengthen through the third quarter, during which a record number of 43 quotes for new business were issued. This year to date, 116 customer proposals have been prepared compared with 56 in the whole of 2018, and while not all of these will necessarily generate purchase orders, the current conversion rate of 40% is comparable with industry standards. Customer interest in this services platform has never been greater and purchase orders with a value of more than £1 million have been secured so far in the second half for delivery over the coming 12 months; these should drive full year service revenues significantly ahead of 2018 and provide a strong start to 2020.

Big Sofa (BST.L) 4.15p £7.7m

The international video analytics provider, announces that it has been selected as Global Systems Partner to one of the world’s largest food and beverage companies. Under the terms of the partnership, the client has committed to an initial spend of more than $400,000 expected to be recognised as revenue in 2019 covering licensing of the Company’s proprietary technology platform, work to embed the platform within the organisation, and foundational video analytics. This cornerstone client is expected to generate substantial revenues for the Company in 2020 and beyond.

SIMEC AtlantisEnergy(SAE.L) 12p £51.5m

“The owner and operator of the Uskmouth Power Station Conversion Project located in Newport, Wales, is delighted to announce that after a competitive process, it has awarded Mitsubishi Hitachi Power Systems Europe GmbH (the contract to carry out the design and development of the combustion system for the flagship Uskmouth Power Station conversion project. This contract includes the large scale testing of the waste derived pellets which will be used as fuel in the converted Uskmouth plant.” The Project represents the world’s first conversion of a power station from coal to 100% waste derived fuel, and following successful trials with MHPS the project seeks to achieve financial close in Q3 2020 with generation beginning in 2021.

Lekoil (LEK.L) 4.98p £26.7m

Lekoil has paid the US$7.5m license extension fee for OPL 310 (“the Block”) as mandated by the Federal Government of Nigeria and Ministry of Petroleum Resources, and previously first announced on 6 September 2019. The Company funded this payment from a mix of existing financial resources and debt facilities.
“We are pleased with the positive momentum being created with our partner Optimum and the Federal Government of Nigeria”

Cadence Minerals (KDNC.L) 8.25p £8.7m

Joint Venture Partner Fe Limited (“FEL”) has announced the company is fully funded for upcoming drilling at the Hillside Project in the Pilbara Region of Western Australia where high-grade copper and manganese results were returned in recent sampling, as reported by Macarthur on October 9, 2019.

Head Chef:

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

*A corporate client of Hybridan LLP

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