Latest Small Cap Feast

Small Cap Feast

Small Cap Feast – 21 October 2019

Set Menu AIM:

Total number of AIM Companies (Incl Susp): 876

Total number of AIM Companies trading: 792*
* As at 21 October 2019

Set Menu NEX Growth:

Total number of NEX Growth Market Companies (Incl Susp): 87*

Total number of NEX Growth Market Companies trading: 85*
* As at 21 October 2019

Set Menu Standard List:

Total number of Standard List Companies (Incl Susp): 165*

Total number of Standard List Companies trading: 143*
* As at 21 October 2019

Dish of the Day:

No Joiners Today

Off the Menu:

Frontier Smart Technologies Group (FST) – Has been delisted after being acquired by Science Group  (SAG) at a price of 10p per share.

Appscatter Group plc (APPS) – Under AIM rule 41 it has been delisted but continues to work towards a merger with Airpush.

Dish of the Day:

No Joiners Today

Off the Menu:

No Leavers Today

What’s Cooking in the IPO Kitchen?

Main Market premium

African Export-Import Bank a supranational financial institution whose purpose is to facilitate, promote and expand intra- and extra- African trade, of its potential intention to publish a registration document, the Bank hereby confirms its intention to proceed with an Initial Public Offering. The GDRs are expected to be admitted to the standard listing segment of the Official List of the FCA and to trading on the Main Market of the LSE.

Breakfast Buffet

Gfinity (GFIN) 3.7p £17.38m

Highlights

Revenue growth above 80% for the second consecutive year

Gross profit of £1.0m (2018: loss of £3.4m), driven by strategic focus on delivery of higher margin esports solutions for key partners

Reduction of 30% in adjusted operating loss* to £8.6m with further reductions expected in 2019/20 financial year

Net cash of £0.6m at year end, supplemented by completion of £5.25m capital raise in July

On track to reach breakeven Adjusted EBITDA** target by 2021

Refocused business on Strategic Client Management model

Continued growth in strategic partnerships such as with F1 and some of the largest games publishers like; Activision Blizzard and EA Sports

W Resources (WRES) 0.38p £23.62m

W Resources, the tungsten, tin and gold mining company announces that it has fed first upgraded jigged ore to the new Concentrator Plant at La Parrilla in Spain.

First ore was fed to the new La Parrilla Concentrator Plant on 17 October 2019 for tungsten production at this world-class, low-cost mining project. Over the last month, an extensive programme of automated systems installation and commissioning was completed on the Concentrator Plant. Commissioning is also complete on the spiral and shaking table plants and the concentrator thickener. Commissioning of the floatation, magnetic and electrostatic separators is underway and allmineral Aufbereitungstechnik GmbH & Co. KG has advised they expect this will be completed in the coming weeks.

Begbies Traynor (BEG) 84.75p £107m

Begbies Traynor Group today announces the acquisition of the entire issued share capital of Ernest Wilsons & Co Limited and of Ernest Wilson’s Limited, which trade collectively as Ernest Wilson.

Ernest Wilson is a leading UK business transfer agent, providing agency services for the sale of small businesses across the UK. This long-established business, which is based in Leeds, operates across a broad range of sectors ranging from food outlets and convenience stores to care homes, restaurants and hotels. The acquisition enhances the group’s existing transactional support services provided by Eddisons, which include the sale of commercial property, through agency and auction, together with machinery and business asset disposals. It is also complementary to the group’s BTG Advisory and corporate finance offerings.

Mind Gym (MIND) 130.5p £122m

Mind Gym, the global provider of human capital and business improvement solutions, provides a trading update for the six months ended 30 September 2019 (“H1”), ahead of reporting its interim results on 10 December 2019.

Reported revenue is expected to be c.24% ahead of the comparative period last year having grown to around £23.9m. On a constant currency basis revenue is expected to be c.20% ahead of the comparative period last year, with both the US and EMEA regions performing well and as a result, on a full year basis, we expect revenue to be slightly ahead of expectations.

Our strategy to focus on deepening key client relationships is paying off with an increased proportion of revenue from top 25 accounts and an increased proportion of repeat revenue from existing clients.

Block Energy (BLOE) 5.6p £18.1m

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, announced the successful installation and cementing of casing through the build section of well WR-38Z (“the Well” or “WR-38Z”) at its flagship West Rustavi field (“West Rustavi” or “the Field”), a critical phase in the sidetracking operations currently in progress at the Well. The Company is also further strengthening its technical team.

Bluejay Mining PLC (JAY) 9.87p £83.15m

Bluejay Mining plc, an AIM and FSE listed, and Greenland focused company, provides an update on the Kangerluarsuk zinc-lead-silver project.  The Company is also pleased to announce that it has lodged an application to the Mineral Licence and Safety Authority, Greenland (‘MLSA’) for a new mineral exploration licence surrounding the existing Kangerluarsuk licence area in central west Greenland.  Together, these areas returned historic surface samples of 41% Zn, 9.3% Pb, 1.2% Cu and 596 g/t Ag, combined, more than 50% metal.

Diaceutics (DXRX) 92.5p £64.4m

Diaceutics, a provider of diagnostic data analytics and implementation services to the global pharmaceutical industry, announces new research which shows that half of eligible cancer patients may be missing out on tests for potentially life-saving precision medicines. The findings are published in the 2019 Diaceutics Pharma Precision Medicine (“PM”) Readiness Report.

Diaceutics finds the average precision medicine drug is launched 4.5 years before the accompanying diagnostic test is available to all patients, therefore denying patients access to the newest therapies

Ashley House (ASH) 4.45p £2.8m

Ashley House plc, the health and community care property partner, announces that, further to the Trading Update released on 1st August 2019 and its process of reviewing various financing and strategic options, the Company has completed on a sale of its 50 per cent interest in Morgan Ashley Care Developments LLP, to its joint venture partner Morgan Sindall Investments Limited.

Consideration for the Transaction is £2,000,000 payable in cash, £500,000 of which is to be deferred and expected to be received in instalments over the next twelve months including £200,000 which is dependent on the monies being generated from a particular scheme.

Serinus Energy (SENX) 9.1p £21.7m

Serinus Energy provides an update on its operations in Romania.

The routine maintenance of the Moftinu Gas Plant has been completed ahead of schedule and under budget.  Gas production and processing was restarted on 20 October 2019, one day earlier than originally estimated.  The Company commends the Romanian team for the safe and efficient turnaround of the plant.

EMIS Group (EMIS) 1,060p £617m

The Board of EMIS Group, the UK leader in connected healthcare software and systems, announced that EMIS Health has been awarded a place on the new NHS GP IT Futures framework subject to the satisfactory completion of a 10-day standstill period as is customary for public procurement processes of this nature.

Head Chef:

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

*A corporate client of Hybridan LLP

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