Admissions:
None
Delistings:
Cambria Africa (CMB.L) has left AIM.
Potential **** Initial Public Offerings:
ITF announced:
30th September 2024: Applied Nutrition, the sports nutrition, health and wellness brand has confirmed its intention to float on the LSE Main Market. The Group sells approximately 100 different products, with flavour and format combinations across those products resulting in over 500 stock keeping units. July 2024 YE numbers reported revenue of £86m and EBITDA of £25.9m. The price range for the Offer has been set at 136 to 160 pence per Share, implying an estimated market capitalisation at Admission of between approximately £340m and £400m. It is currently expected that Admission will occur in October 2024.
17th October 2024: Selkirk Group, a newly incorporated company established with the primary objective of acquiring a company or business which the Directors believe is undervalued and providing them with their own listing on the AIM market to create shareholder value or acquiring an existing public company and providing a highly incentivised management team with strategic direction. The Company is focused on acquiring business which are headquartered in the UK. The Company is primarily focused on the small and mid-cap market, specifically within the Consumer, Technology and digital media related sectors. Expected first day of trading in late October with an expected size of primary offer of £7.5m.
Empresaria 27.5p £13.5m (EMR.L)
The global specialist staffing group announced an update on trading. The challenging, industry wide, market conditions that have persisted for the last two years continue to adversely impact the Group with conditions worsening in a number of markets and permanent recruitment demand generally remaining extremely subdued. Adverse trading conditions are expected to continue through the first half of 2025. As a result, full year adjusted profit before tax is now expected to be no less than £2.0m.
Gear4music 177p £37.1m (G4M.L)
The UK based online retailer of musical instruments and music equipment announced a trading update for the six months to 30 September 2024. FY25 H1 revenues were £61.7m (FY24 H1 revenue £62.6m) and gross margin expected to be 26.7%, a small decrease on FY24 H1 (27.1%). Gross profit expected to be £16.5m (FY24 H1: £17.0m), with EBITDA expected to be £2.9m (FY24 H1 reported EBITDA £2.4m). Net debt reduced by £3.6m to £14.5m at 30 September 2024 (FY24 H1: £18.1m, FY23 H1: £21.8m).
LPA Group 57.5p £7.8m (LPA.L)
The engineering specialist in electronic and electro-mechanical components and systems announced the appointment of Philo Daniel-Tran as Chief Executive Officer who will join LPA as a director of the Company in January 2025. Philo has experience working in Transport, Defence and Security sectors across the globe. Until recently, Philo was Global Director Aviation & Urban Security at Smiths Detection, a major division of Smiths Group, where she oversaw the restructure of the Aviation sub-division focussing on delivery, strategic growth, and introduction of new technologies.
Neometals 4.75p £33.7m (NMT.L)
The sustainable process technology developer announced the official inauguration by Mercedes-Benz of its integrated mechanical-hydrometallurgical lithium-ion battery recycling plant in Kuppenheim, Germany, which uses the technology of Neometals' 50:50 incorporated JV (Primobius GmbH). Primobius is an incorporated battery recycling joint venture company, owned 50:50 by Neometals and SMS group GmbH. Primobius is commercialising a patented lithium-ion battery (LiB) recycling process via a plant supply and technology licensing business model.
Newmark Security 87.5p £8.2m (NWT.L)
The provider of electronic and physical security systems announces at the AGM later today that the Chairman will confirm that good progress has continued in the current financial year ending April 2025. A new five-year growth plan is progressing and has involved several strategic hires to advanced new product development. The pipeline of new business opportunities is expanding in both divisions. A greater proportion of the Group's revenue will be recognised in the second half. At this current juncture, the Board remains confident in the full year outlook and achieving further growth.
PCI-PAL 53.5p £38.7m (PCIP.L)
The global provider of secure payment solutions for business communications announced its full year results for the year ended 30 June 2024. The Group saw positive adjusted EBITDA underpinned by revenue growth of 20% YoY to £17.96m and ARR increased 23% year on year to £15.5m. Cash at Period End of £4.33m.
Plexus Holdings 12p £12.6m (POS.L)
The oil and gas engineering and services business announced a further update on the 1,550,000 convertible loan notes that were issued in October 2022 at £1 each to raise £1,550,000 for the Company. The Loan Notes had a two-year term and are repayable in cash or the issue of new ordinary shares in Plexus, subject to certain conditions. Following discussions between the Noteholders and the Company, it has been agreed that the maturity date for the remaining 700,008 Loan Notes will be extended for six months, until 19 April 2025.
Scancell 14.5p £134.8m (SCLP.L)
The developer of novel immunotherapies for the treatment of cancer announced the appointment of Dr Phil L'Huillier as Chief Executive Officer. He will join the company and become a member of the Company's Board of Directors, effective 18 November 2024. Prior to joining Scancell, Dr L'Huillier served as CEO and Managing Director of CatalYm GmbH, a pioneering cancer immunotherapy company headquartered in Munich.
Shoe Zone 140p £67m (SHOE.L)
The footwear retailer announced its unaudited full year trading update for the 52 weeks to 28 September 2024. Group revenue reduced by 2.7% to £161.3m (FY 2023: £165.7m) and adjusted profit before tax expected is to be not less than £9.5m (FY 2023: £16.5m). Net cash was £3.7m (FY 2023: £16.4m) and a 2.5 pence per share interim dividend payment amounting to £1.2m was made in August 2024. A final dividend, the amount of which is yet to be determined, will be proposed in January 2025 alongside the final results.
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