Small Cap Feast

Small Cap Feast – 4th August 2022

Dish of the Day:

No joiners today.

Off the Menu:

Cambium Global Timberland has left AIM.

What’s Cooking in the IPO Kitchen?

Inteliqo Limited, intends to join the Aquis Growth Market. Inteliqo Limited provides sales, marketing and distribution services to technology product owners under long-term distribution agreements. The Company has agreed its first such agreement in respect of the Ipedia iQ product range. The iQ product is a smart translation earphone (earbuds) system which offers integrated real time speech translation in 42 languages, built in smart assist (google and siri), multiple built-in microphones and high-definition sound. Expected 5 August.
Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports to over 40 countries and is a key supplier to almost every leading fibre optic cable manufacturer worldwide and is the industry’s only organisation with multiple manufacturing facilities spread across 3 continents. The Company acts as the holding company for its wholly-owned operating subsidiary, Unitape Limited and its 60% owned operating subsidiary, Unigel (UK) Limited. Delayed, timing TBC.
Georgina Energy, an early-stage resource company with a strategy of actively pursuing the exploration, commercial development and monetisation of helium, hydrogen and hydrocarbon interests located in the Amadeus and Officer Basins in Northern and Western Australia intends to join AIM. Georgina Energy has two principal onshore interests. The first, the Mount Winter Prospect is located in the Amadeus Basin in Northern Australia, which the Company has a right to earn an initial 75% interest. The second interest, the Hussar Prospect is 100% owned by the Company and is located in the Officer Basin in Western Australia. Expected late September.

Breakfast Buffet

Alkemy Capital Investments 107.5p £6.4m (ALK.L)

Alkemy Capital Investments and its wholly owned subsidiary Tees Valley Lithium (TVL) announces it has raised £1.2m in an oversubscribed placing of 1,200,000 new ordinary shares at a placing price of £1 per share. This includes cash subscription of £178k from the Directors. The net proceeds will be used to further fastrack the development of TVL’s lithium hydroxide processing facility in Teesside, UK and for general working capital purposes.

City of London Group 53p £63.3m (CIN.L)

The Company announces that, subject to regulatory approval, Jean Murphy has been appointed as Chief Executive Officer of Recognise Bank Limited today, the Company’s principal operating subsidiary. Ms Murphy previously held senior roles at a number of international banks. Recognise Bank was created to provide SMEs with a digital bank offering a range of unregulated lending options via a network of relationship managers based in hubs around the UK.

Crossword Cybersecurity* 26.5p £20m (CCS.L)

The cybersecurity solutions company focused on cyber strategy and risk, announces that it has won a EUR 41,625 grant from the European Commission’s Next Generation Internet (NGI) initiative to lead a project to test the OpenID Foundation’s protocols for transferring verifiable credentials. Crossword has received funding for a proposal to develop test suites and interworking tests for World Wide Web Consortium (W3C) Verifiable Credentials (VC) that use the OpenID Foundation’s suite of protocols.

Directa Plus 97p £64.1m (DCTA.L)

The producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces it has signed an extension to its commercial supply agreement with Alfredo Grassi S.p.A. (Grassi) to broaden its existing collaboration to include Graphene Plus Thermal Planar Circuit® (PTC®) for the workwear market in Italy and France. The supply agreement grants Grassi use of Directa Plus’ proprietary PTC® Graphene Plus print textile technology for the workwear market in France and Italy for a period of 2 years.

Getech Group 22p £14.8m (GTC.L)

The geoenergy and green hydrogen company, has signed a $1.1m multi-year contract with a major international energy company for its ‘Globe’ platform and launched the next generation of this innovative tool that models the Earth’s evolution over the last 400 million years. One third of this revenue will be recognised in the current financial year, with the balance over the subsequent 2-year period.

Instem 702.5p £159.3m (INS.L)

The provider of IT solutions to the global life sciences market, announces a trading update for the six months to 30 June 2022 (H1 22). Revenue for H1 22 is expected to be in the region of £27.6m (H1 2021: £19.8m), an increase of 39%. Operating profit is expected to be at a lower rate than overall revenue growth due to inflationary pressures, partially mitigated in 2022 via price increases that were announced in late April 2022. Closing cash at 30 June 2022 was £10.3m. Management is confident that it will deliver on the Board’s expectations for the FY22 financial year.

IXICO 32.5p £15.6m (IXI.L)

The precision analytics company delivering intelligent insights in neuroscience, announces that it has been selected by a leading European biopharmaceutical company to provide MRI and DAT-SPECT imaging services for a Phase 2 clinical trial in Parkinson’s disease, worth £0.8m. This is the second study award with this client in the last twelve months.

Mobile Streams 0.26p £8.8m (MOS.L)

The mobile content and data intelligence company, announces total unaudited revenue for the year to 30 June 2022 reached £1.1m (FY21: £395k), an increase of 180% over the previous year. Gross Profit is expected to be £498k and EBITDA -£490k (FY21 -£1,032k). The Company expects revenue to continue to grow throughout calendar year 2022 and into 2023.

Saietta Group 147.5p £125.6m (SED.L)

The international electric powertrain group, announces that, it has conditionally completed a Placing. The Placing was oversubscribed. The Placing has conditionally placed 16,666,667 new ordinary shares of £0.0011 each in the capital of the Company raising gross proceeds of £23m (before expenses) at an issue price of 138 pence per share.

Woodbois 4.3p £88.3m (WBI.L)

The African focused forestry, timber trading, reforestation and voluntary carbon credit company, announces its half year results for the six months to 30 June 2022. H1 22 revenue was up 38% to $11.3m (vs H1 21 $8.2m). The company recorded its first ever operating profit in H1 22 of $15k (vs $0.7m operating loss in H1 21). EBITDA increased to $1.1m (vs $0.46m in H1 21). Cash balance was $2.1m as at 30 June 2022. The company remains on track to deliver strong revenue and profitability growth in 2022.

Head Chef:

Emily Liu, CFA, CAIA
0203 764 2344
emily.liu@hybridan.com

Sous Chef:

Sacha Morris
0203 764 2345
sacha.morris@hybridan.com

*A corporate client of Hybridan LLP

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