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
No Primary Today
Off the Menu:
No Leavers Today
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
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.
0203 764 2344
*A corporate client of Hybridan LLP
This document, which does not constitute research, has been issued by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectives, financial situation or needs of any specific entity and is not a personal recommendation to anyone. Recipients should make their own investment decisions based upon their own financial objectives and financial resources and, if any doubt, should seek advice from an investment advisor.
The information contained in this document is based on materials and sources that are believed to be reliable; however, they have not been independently verified and are not guaranteed as being accurate. This document is not intended to be a complete statement or summary of any securities, markets, reports or developments referred to herein. No representation or warranty, either express or implied, is made or accepted by Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings in relation to the accuracy, completeness or reliability of the information in this document nor should it be relied upon as such.
Any and all opinions expressed are current opinions as of the date appearing on this document only. Any and all opinions expressed are subject to change without notice and Hybridan LLP is under no obligation to update the information contained herein. To the fullest extent permitted by law, none of Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings shall have any liability whatsoever for any direct or indirect or consequential loss or damage (including lost profits) arising in any way from use of all or any part of the information in this document.
This document should not be relied upon as being an independent or impartial view of the subject matter and, for the avoidance of doubt, does not constitute “independent investment research” for the purposes of the Financial Conduct Authority rules. The individuals who prepared this document may be involved in providing other financial services to the company or companies referenced in this document or to other companies who might be said to be competitors of the company or companies referenced in this document. As a result both Hybridan LLP and the individual members, directors, officers and/or employees who prepared this document may have responsibilities that conflict with the interests of the persons who receive this document. Hybridan LLP and/or connected persons may, from time to time, have positions in, make a market in and/or effect transactions in any investment or related investment mentioned herein and may provide financial services to the issuers of such investments.
In the UK, this document is directed at and is for distribution only to persons who (i) fall within Article 19(5) (persons who have professional experience in matters relating to investments) or Article 49(2) (a) to (d) (high net worth companies, unincorporated associations, etc) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) or (ii) are Professional Clients or Eligible Counterparties (as those terms are defined in the rules of the Financial Conduct Authority) of Hybridan LLP (all such persons referred to in (i) and (ii) together being referred to as “relevant persons”). This document must not be acted on or relied up on by persons who are not relevant persons. For the purposes of clarity, this document is not intended for and should not be relied upon by persons who would be classified as Retail Clients (as defined by the rules of the Financial Conduct Authority).
Neither this document nor any copy of part thereof may be distributed in any other jurisdictions where its distribution may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Distribution of this report in any such other jurisdictions may constitute a violation of UK or US securities law, or the law of any such other jurisdictions.
Hybridan LLP and/or its associated undertakings may from time-to-time provide investment advice or other services to, or solicit such business from, any of the companies referred to in this document. Accordingly, information may be available to Hybridan LLP that is not reflected in this material and Hybridan LLP may have acted upon or used the information prior to or immediately following its publication. In addition, Hybridan LLP, the members, directors, officers and/or employees thereof and/or any connected persons may have an interest in the securities, warrants, futures, options, derivatives or other financial instrument of any of the companies referred to in this document and may from time-to-time add or dispose of such interests.
Neither the whole nor any part of this document may be duplicated in any form or by any means. Neither should this document, or any part thereof, be redistributed or disclosed to anyone without the prior consent of Hybridan LLP.
Hybridan LLP is a limited liability partnership registered in England and Wales, registered number OC325178, and is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Any reference to a partner in relation to Hybridan LLP is to a member of Hybridan LLP or an employee with equivalent standing and qualifications. A list of the members of Hybridan LLP is available for inspection at the registered office, 2 Jardine House, The Harrovian Business Village, Bessborough Road, Harrow, Middlesex HA1 3EX. If you would like to unsubscribe, please email firstname.lastname@example.org with “unsubscribe me”.