Small Cap Feast

21st March 2024

Dish of the day
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Dish Of The Day:



Whats baking in the oven?

Potential Initial Public Offerings:

European Green Transition **** is developing a portfolio of green economy assets in Europe which aims to capitalise on the opportunity created by the green energy transition and announces its intention to conduct a fundraise and to list its ordinary shares on AIM. The Company intends to implement a disciplined M&A focused model and has already acquired a portfolio of assets, notably their principal Olserum Rare Earth Element (REE) project.

Reverse Takeovers:

Change of Market:

Banquet Buffet

Aquis Exchange 336p £100.8m (AQX.L)
A creator and facilitator of next-generation financial markets, announce its audited results for the year ended 31 December 2023. Net revenue increased 13% to £22.7m (FY22: 20.1m), as a result, profit before tax increased 15% to £5.2m (FY22: £4.5m). The Company has cash equivalents of £14.8m Aquis Stock Exchange admitted 16 new companies in 2023 - the most of any growth exchange in the UK for the second year running.

Avacta Group 53.75p £188.4m (AVCT.L)
A life sciences company developing innovative, targeted oncology drugs and powerful diagnostics, announce that yesterday the third patient was dosed in the first cohort of the two-weekly Phase 1a dose escalation study of its lead pre|CISIONTM drug AVA6000, a peptide drug conjugate designed to target the release of the chemotherapy doxorubicin to tumor tissue. AVA6000 improved the safety and tolerability of doxorubicin and that AVA6000 is showing encouraging preliminary clinical signs of anti-tumor activity. The safety and tolerability of AVA6000 are continuing to be assessed in a Phase 1a dose escalation study.

Eco Animal Health 88p £59.6m (EAH.L)
A animal health company with a portfolio of marketed veterinary products and a maturing proprietary R&D pipeline, announces an update on trading and business progress for the year ending 31 March 2024. Revenue for the fourth quarter and second half of the year ending 31 March 2024, was in line with expectations, and expects FY revenues to further be in line with expectations. The Company continues to invest in developing its R&D pipeline, focusing on its late stage Mycoplasma vaccines for poultry and vaccines for swine. ECO recently announced that it had received trademark approval for the ECOVAXXIN® family across the EU, USA and the UK.

Feedback Group 120p £16.0m (FDBK.L)
The clinical infrastructure specialist, announces that it has secured funding of £50k for a further Community Diagnostic Centre (CDC) pathway pilot with the Oldham CDC, run by the Northern Care Alliance. This follows the two pilot sites, Amersham CDC in Buckinghamshire and across Buckinghamshire, Oxfordshire and Berkshire ICS. On completion of the initial milestones, the Company will support Oldham CDC to apply for more funding from the 2024-25 NHS budget to extend the pilot with a view to installing Bleepa and establishing a live breathlessness pathway for patients.

Intercede Group 97.5p £56.8m (IGP.L)
The cybersecurity software company specialising in digital identities, has released the latest iteration of its Multi-Factor Authentication MyID MFA product, version 5 (MyID MFA v5). MyID MFA v5 allows organisations to leverage FIDO Passkeys and incorporates Identity Provider (IDP) capabilities. MyID MFA v5 integrates with MyID CMS, providing a centralised management platform for all user credentials and life cycle management. 

OPG Power Ventures 10.65p £42.7m (OPG.L)
The developer and operator of power generation assets in India, announces the sale of the Group's 31% equity holding in the four solar assets totalling 62 MW located in Karnataka, India. The Group's 31% interest in each asset is being sold for a total consideration of approximately £291k. This compares to an original investment by the Group in these assets of approximately £2.1k.

Physiomics* 1.35p £1.8m (PYC.L)
A mathematical modelling and data science company supporting the development of new therapeutics and personalised medicine solutions, recently provided a brief update in-line with its interim results via Investor Meet Company and has updated its website with the presentation. The presentation and Q&A from the meeting are now available at the Company's website:

Silver Bullet Data Services Group 160p £27.9m (SBDS.L)
A provider of AI driven digital transformation services and products, announce new contract wins and renewals worth, in aggregate, £1.7m. Silverbullet has secured a renewed contract with Heineken, to support in the design, deployment, execution, and measurement of data-driven consumer experiences. In addition, the Company has successfully renewed its 2023 contract and secured a new contract with Greene King to implement technology that enables enhanced personalisation for customers and supports the growth of its digital transformation programme.

ValiRx 3.78p £5.0m (VAL.L)
A life sciences company focusing on early-stage cancer therapeutics and women's health, announces an evaluation agreement with Imperial College London (Agreement). The Agreement specifically focuses on investigating a lead series of dual-kinase inhibitor candidates that show promise in reversing resistance to current standard of care therapeutics in ovarian and other types of cancer. The evaluation process for this project is expected to take approximately 12 months

4basebio 985p £126m (4BB.L)
An provider of novel synthetic DNA products and a non-viral, thermostable nucleic acid delivery platform, announces that the Company’s client, Helix Nanotechnologies Inc. has received HREC approval to progress into a Phase I clinical trial in Australia with HN-0001, an mRNA vaccine generated from 4basebio’s synthetic DNA, opDNA4basebio will continue to support HelixNano with the manufacture of GMP synthetic DNA planned for later in 2024.

21 March 2024
*A corporate client of Hybridan LLP or retained by Hybridan LLP for certain services
** Arranged by most recent first
*** Alphabetically arranged
**** Potential means Intention to Float (ITF) has been announced, or it is a rumour


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