AIM BREAKFAST – 1st 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 Issues Today
No Primary Issues 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?
Franchise Brands PLC – International multi-brand franchisor seeks to join AIM in Q3 raising circa £3.25m
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
CentralNic Group (CNIC.L) 45p £43.1m
The Internet platform business which derives revenues from the global sale of domain names, has been awarded an exclusive contract to distribute the .FM domain which has been gaining significant traction in the music industry. Under the same agreement CentralNic will launch other domain names including .AM. The company has a strong track record of growth and is on a current year PE multiple of 11.9x.
Gfinity (GFIN.L) 12.25p £19.3m
The eSports business has been chosen as one of two operating partners to host live events in an international circuit by Xbox and games developer Coalition for the new Gears of War eSPorts programme coinciding with the launch of the game of the same name. The starting prize pool for this international circuit will total $1m.
Sierra Rutile (SRX.L) 36.5p£217.5m
The multi-mine mineral sands company has recommended a £215m acquisition/merger by Iluka Resources. SRL Shareholders will receive 36 pence in cash for each SRL Share, a premium of 32.3 per cent. to 27.2 pence, being the 1 month volume-weighted average price of SRL Shares to 29 July 2016 and 80 per cent to the April placing price.
OPG Power Ventures (OPG.L) 56.5p £198.6m
Prelims from the developer and operator of power generation assets in India today. 480 MW new capacity commissioned in the year – total operating capacity 750 MW. PTP of £28.6m +32%. EPS +8% to 5.29p. 62 MW solar growth projects expected to be funded from a combination of new debt facilities and internal equity. No dividend declared but on consensus FYMAR17 the shares trade at 7x and a 1.21p dividend is anticipated.
Avacta Group (AVCT.L) 84.5p £57.8m
The developer of Affimer® biotherapeutics and research reagents has updated on FYJUL16 trading. Financials in line with expectations Revenues up 19% to £2.15m. R&D to be expensed contributing to increase in EBITDA losses of £4.5m vs £2.3m. Sitting on cash of circa £20m. Commercial validation progressing well. New labs now open and first animal study initiated with no adverse affect in the therapeutics programme.
Gemfields (GEM.L) 37p £200m
Q4 update. 75% owned ‘Kagem’ (Zambia)- Production of 7.2 million carats of emerald and beryl down from 8.1m y-o-y, with the difference being attributable to the varied nature of the mineralisation and a higher-grade zone having been encountered during the previous comparative period. However at its Ruby facility production of 6.2m carats vs 0.7m carats and at Montepeuz production exceeded guidance. Post period, $65m financing secured for expansion.
Forbidden Technologies (FBT.Ll) 8.38p £12.6m
The cloud video platform owner, announces that it has today agreed a deal with an iconic sports, music and entertainment venue in New York which while on its own is below 10% of annual revenue, is part of a trend towards higher value annualised deals with long term growth potential. We have met with the new management of FBT who are highly focussed on driving sales and commercialising the core platform and new products.
BMR Group (BMR.L) 3.25p £5.65m
Further to its RNS on 30 June 2016, BMR now expects to enter into the anticipated sale and purchase agreement with the private South African group engaged in mining, energy and agri-business later this week. It also expects that the agreement will incorporate a US$3.5 million facility for the benefit of BMR, rather than US$2.0 million. The offtake agreement is for agricultural grade zinc sulphate heptahydrate (ZSH) (500 tpm) and lead sponge (300 tpm).
Lok’n’Store Group (LOK.L) 325p £86.6m
The self-storage company has announced the completion of the sale of its undeveloped site in Portsmouth for £3 million in cash, equating to its July 2015 Book Value. This sale was originally announced on 24 November 2014 and was conditional upon the buyer obtaining the requisite planning approvals. This process is now successfully concluded and the sale completed on 29 July 2016. The shares yield 2.6%.
Aran Silver Corp (AGQ.L) 0.97p £1.72m
Aran has agreed to sell the 75 hectare Calicanto Project in the State of Zacatecas, for a cash consideration of US$400,000. The Company’s strategy is to focus on the acquisition and development of near-term production assets; the Calicanto Project, which had a carrying value of US$602,000 as at 31 December 2015, is an early stage exploration project and not considered a core asset.
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