AIM Breakfasts

AIM BREAKFAST – 9th November 2016

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 993

Total number of AIM Companies trading: 971*
* As at 08 November 2016

Dish of the Day:

No AIM Joiners Today

Off the Menu:

No AIM 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 08 November 2016

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

Diversified Gas & Oil—The US based gas and oil producer is seeking a December AIM quoting to raise circa $60m

FreeAgent—Schedule one now out from the provider of accounting software to small businesses. Date and quantum of raise still to be disclosed.

Civitas Social Housing –Intention to float on Main Market from the first REIT to be listed on the London Stock Exchange offering pure play exposure to social housing

Breakfast Buffet

Karelian Diamond Resources (KDR.L) 0.58p £1.4m

The diamond exploration company focused on Finland,  has received results and a report from the Geological Survey of Finland, commissioned by the Company. New Kimberlite Boulder Discovery 2.5km SW of Lahtojoki Diamond Deposit. Further Six Kimberlite Boulders Found 500m from First Discovery. This raises the possibility of another diamondiferous kimberlite close to the Lahtojoki deposit potentially increasing the financial and technical attractiveness of the Lahtojoki diamond deposit.

 

DODS Group (DODS.L) 13.63p £46.4m

The parliamentary communications and political information Group has reported H1 Sep 16 results. Revenue up 5% to £9.74m. EPS of 0.34p vs 0.2p. Cash of £7.9m from £7m after £2.6m of investment spend. New products include the Dods People App and Political Risk Reports . FY Mar17E revenue of £20.6m, PBT of £2.2m and EPS of 0.83p. 16.4x PE.

Stellar Diamonds (STEL.L) 7.22p £2.29m

The diamond development company focused on West Africa, has signed joint venture agreements with Citigate Commodities Trading, a Dubai based commodities group, over the Company’s Baoulé kimberlite project in Guinea  and two earlier stage exploration licences in western Liberia. The Company currently has a 75% interest in the Baoulé Project and a 100% interest in the Liberia Project. Baoulé earn in of up to 75% by Citigate up to and including pre-feasibility study. Liberia up to 85%. Three phases totalling over $6m spend.

SCISYS (SSY.L) 83.5p £24.3m

The supplier of bespoke software systems, IT-based solutions and support services to the media, space, government, defence and environment sectors, has signed a contract with WorldVu Satellites, Ltd. dba OneWeb, a global satellite communications service provider who is building the world’s largest satellite constellation that will provide connectivity to billions of people globally. SCISYS will deliver satellite mission-planning software based on its PLENITER®.  FYDec16E £41.5m rev, £2.7m PBT

Prime People (PRP.L) 97.5p £11.97m

HYSep16E results from the global specialist recruitment business. Net Fee Income (NFI) in the period for the Group was £6.33m which is a 1.87% increase on last year. H1 showed strong NFI performances in the Hong Kong and Singapore business units. In Asia NFI increased by 36.84% to £2.60m and in the UK NFI decreased by 12.82% to £3.40m. PBT  decreased to £0.76m (2015: £1.06m).  Outlook—Reasonable hopes UK will perform in line with H1. Sentiment in UK property improved but uncertainty remains. Increased opportunities in Asia. No FY market forecasts.

Taptica International (TAP.L) 147.5p £92.2m

FYDec16 trading update from global end-to-end mobile advertising platform for advertising agencies and brands. As a result of strong momentum the Company now expects to report FY 2016 revenues ahead of market expectations at approximately $120m, up 55% YoY. The Company expects adjusted EBITDA for FY 2016 to be significantly higher than market expectations at approximately $22.5m, representing a year-on-year growth in adjusted EBITDA of over 200%.  Some uncertainty ahead as mobile enters a new phase of maturity.

Oxford Pharmasciences (OXP.L) 2p £24.1m

The specialty pharmaceutical company that redevelops medicines to make them better, safer and easier to take has updated on its R&D pipeline.  New patent filing for OXPzeroTM technology platform (Release platform for Ibuprofen and Naproxen). Progressing to phase 1. Also looking at applications for Aspirin and developing new statin formulation.  Well funded with cash of £22.6m as at 31 October 2016.

Providence Resources (PVR.L) 10.25p £61.26m

Update from the  Irish based Oil and Gas Exploration Company  regarding permission to appeal the Court of Appeal decision handed down on April 13, 2016 which pertains to the prior litigation between the Company and Transocean Drilling U.K. Limited. The Supreme Court ordered that permission to appeal be refused as the appeal does not raise a point of law of general public importance. Following the initial judgement the Company paid out $6.15m .

ECR Minerals (ECR.L) 0.004p £1.16m

Update from the Victorian Gold Projects, Australia. The Company has decided to prioritise drilling of selected targets at ECR’s wholly owned Avoca and Bailieston gold projects. Proposed reverse circulation drilling programme of approximately 550 metres to test prospects within the Byron area at the Bailieston project (EL5433). Bailieston programme anticipated to commence by early 2017. Re-evaluation of the exploration potential at Avoca – now targeting nine high-grade hard-rock targets. Continuing to progress applications for two new Exploration Licences in Victoria.

Pacific Industrial & Logistics REIT (PILR.L) 107p £11.04m

The specialist Real Estate Investment Trust focused on smaller lot size industrial and logistics properties, has announced a placing priced at £1 raising gross proceeds of £11.1m.    The proceeds will primarily be used to fund future acquisitions and reduce gearing to c.45%. Appointment of Mr. Nigel Rich CBE as non-executive chairman, formerly Chairman of Segro plc, and Mr. Mark Johnson, the CEO and co-founder of Pacific Investments with Sir John Beckwith, as a non-executive director, both with effect from 1 January 2017.

Head Chef:

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

*A corporate client of Hybridan LLP

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