AIM Breakfasts

AIM BREAKFAST – 8th August 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 1,015

Total number of AIM Companies trading: 990*
* As at 30 June 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 30 June 2016

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

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

LoopUp—Report in the FT today that the provider of conference calls and online meetings is seeking to join AIM and raise £9m

The Intertain Group Ltd – World’s largest online bingo-led operator (on TSX) intends to join Official List

Autins Group plc – The acoustic and thermal insulation specialist  looks to join AIM early August


Breakfast Buffet

Sound Energy (SOU.L) 59.75p £317.8m

The European / Mediterranean focused upstream gas company  has  confirmed  a significant gas discovery and a potential single gas column at the Company’s Tendrara (27.5%)licence, onshore Morocco.  It achieved a stabilised gas flow rate, post stimulation, of 17.0 MMscf/d (0.5 million scm/d).  This is significantly above initial expectations and represents a ‘highly commercial rate..’


Arria NLG (NLG.L) 14.25p £17.6m

Arria which specialises in Natural Language Generation has announced Board Changes  ahead of  transitioning its primary listing to the New Zealand Stock Exchange main board. Sharon Davies with experience on the NZSE is becoming Chairperson and CEO. On admission Matthew Gould will become CEO. Mr Falcon Robert Storer Clouston , also with significant NZSE experience is becoming CEO. Stuart Rogers has stepped down as CEO and Chairman as has UK non-exec Michael Higgins.


Providence Resources(PVR.L) 11.12p £66.5m

The Irish based Oil and Gas Exploration Company  has provided an update on Frontier Exploration Licence (‘FEL’) 3/04, which lies in c. 1,500 m water depth in the southern Porcupine Basin and is c. 170 km off the coast of Ireland. Following ExxonMobil’s election to withdraw from FEL 3/04, the remaining partners in have increased their equity interests  through a pro-rata distribution of ExxonMobil’s equity interest with Eni assuming the role of Operator.


Haydale Graphene (HAYD.L) 172.5p £26.3m

The Group focused on enabling technology for the commercialisation of graphene and other nanomaterials, has  funded a new Professorial Chair appointment within Swansea University’s Welsh Centre for Printing and Coating (“WCPC”) one of the world’s leading centres for research and development of printing and coating processes.  Professor Tim Claypole MBE, founder and Director of WCPC,  has been appointed as the Haydale Supported Chair in Advance Manufacture by Printing.


WYG (WYG.L) 105.5p £72.5m

The global programme, project management and technical consultancy,  has been awarded two new contracts worth up to 6.6m to support the Polish Government’s initiative to help the unemployed, and further contracts and a contract extension in Turkey worth up to €6.0m, all funded through the EU’s multi-annual financial framework.  FYMAR17 forecasts are looking for revenues of £154.3m. The shares  trade on 8.4x. WYG well placed to win further work under the Polish initiative.


Telit Communications(TCM.L) 260p £298.8m

H1Jun16 interims from the global enabler of the Internet of Things (IoT).  Revenues up 6.3% to $166.1m .  Adjusted profit before tax $11.4m (H1 2015: $13.9m). 2.5c interim dividend (nil H1 2015). H1 growth held back by delays in product certification. FY Guidance—Revenues of $370-$390 million – increase of 11% to 17% – Adjusted EBITDA of $52-$60 million – increase of 15% to 32% – Adjusted basic earnings per share of $24-$30 cents – increase of 11% to 38%


Lok'nStore Group (LOK.L) 321.5p £85.7m

FYJUL16 trading update from the self-storage company. Like for like revenue in core self-storage business was up 5.2% for the year.  At 31 July 2016 like for like self-storage unit occupancy was 2.0% higher and price per let square foot increased 2.2% over the year.   Document Storage – revenue and EBITDA have responded well consistent with the improved operating metrics reported In H1. Revenue grew + 11.1% and a doubling of EBITDA.


XL Media (XLM.L) 76p £152.3m

The Provider of digital performance marketing service, is pleased to announce EDM (traded under the brand “DAUUP”), its wholly owned subsidiary, has been granted official status as a Facebook Marketing Partner, with specialties in Ad Tech and Gaming. DAUUP is a leader in mobile user acquisition technology, and was acquired by XLMedia in September 2014.  The PE is 9.4x.



Glenwick (GWIK.L) 3.6p £1.7m

Interims from Glenwick today. Following the €17m disposal of its businesses in Sep 2015 the company is an investing company. Earlier this year an acquisition fell through. The company has until 3 September to complete an acquisition or face a cancellation of its listing. The Company has reviewed and is currently in the process of reviewing various other projects and opportunities in the natural resources sector. No decisions have been made as yet.


YouGov (YOU.L) 190.5p £198.7m

The international market research and data analytics group, has announced a pre-close trading statement for the full year ended 31 July 2016. FY trading slightly ahead of Board’s previous expectations. The Company’s balance sheet remains strong, with net cash balances at 31 July 2016 of £15 million.  Forecasts are looking for £85.4m revenues and EPS of 8p.


Head Chef:

Derren Nathan
0203 764 2344

*A corporate client of Hybridan LLP


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