Small Cap Feast

5th April 2024

Dish of the day
No Joiners today
Off the menu
No leavers today


Dish Of The Day:


Admissions: 


Delistings: 

Saietta Group Plc (SED.L) has left AIM






Whats baking in the oven?

Potential Initial Public Offerings:

21 March 2024: Helix Exploration —The Company pursuing the exploration, commercial development and monetisation of a non-hydrocarbon associated helium rich gas structure in the Ingomar Dome located in central Montana, USA announces its intention to list its shares on AIM. Total capital to be raised on Admission of up to £7.5m. Expected Admission date of early April 2024.

18 March 2024: 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 announces its proposed Admission to trading on AIM and its successful placing and subscription at a price of 10p per Share with institutional and other investors. The Company has raised approx. £6.45m. Admission is proposed for 8 April.


Reverse Takeovers:


Change of Market:


Banquet Buffet

Agronomics 8.45p £85.3m (ANIC.L)
A company focused on the field of cellular agriculture, announces that it has invested US$ 10m in its portfolio company Liberation Labs Holding Inc. as part of a wider US$ 12.5m financing round with participation from existing investor Siddhi Capital. The investment was made in the form of a Secured Convertible Promissory Note. Including the SCPN, Agronomics has invested US$ 17.6m in Liberation Labs which, subject to audit, is currently carried at a book value of £25.7m.

Beeks Financial Cloud Group 179p £118.9m (BKS.L)
A cloud computing and connectivity provider for financial markets, announces a strategic partnership with Securities & Trading Technology (STT), a leader in trading, clearing, and surveillance technology. This collaboration introduces a service-based solution to meet the evolving needs of the global financial markets. This partnership underlines the shared commitment of Beeks and STT to setting new industry standards and delivering value to clients worldwide.

Chamberlin 1.65p £3.0m (CMH.L)
The castings and engineering group, announces the following board changes. After 12 years with the Company, Keith Butler-Wheelhouse, Non-executive Chairman, will retire from the Board with immediate effect. With immediate effect, Kevin Nolan, Non-executive Director will assume the role of Interim Non-executive Chairman and Trevor Brown, Executive Director will become a Non-executive Director of the Company. In addition, Alan Tomlinson has decided to leave his role as Finance Director and will leave the Company on 10 May 2024. The Company intends to appoint an independent Non-executive Director in due course and a further announcement will be made, as appropriate.

Equipmake Holdings 5.75p £50.3m (AQSE:EQIP)
The UK-based engineering specialist is working in partnership with First York and has delivered a fleet of 12 upgraded electric buses with all vehicles now in full operation in the city. Following a successful passenger-carrying trial, First York's fleet of 12 converted, fully electric Optare Versa buses is now in service. Each vehicle has been upgraded with Equipmake's Zero Emission Drivetrain (ZED) giving a daily range of 150 miles.

Global Ports Holdings 201.5p £154m (GPH.L)
The world's largest independent cruise port operator, announces that following a public tender process, a majority-owned consortium between GPH (51%), local shareholder, Steya (40%) and Ocean Infrastructures Management (9%) has been awarded preferred bidder status for a 15-year concession agreement with Agence Nationale des Ports (ANP), to operate the Casablanca new cruise terminal. The consortium and ANP will now work towards agreeing on the terms of the concession agreement.

Red Rock Resources 0.0575p £2.1m (RRR.L)
A natural resource development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia announces an update on Democratic Republic of Congo (DRC) with respect to the claim the Company is pursuing in country for its interest in the VUP copper-cobalt joint venture. On 5th February 2024 Red Rock awaited signature and release and recent intensive and direct discussions with the former JV partners mean that we may be able to approach the arbitrator with an agreed position.

RUA Life Sciences 13p £8.1m (RUA.L)
The holding company of a group of medical device businesses focused on the exploitation of the world's leading long-term implantable biostable polymer (Elast-Eonprovides an update on trading for the financial year ending 31 March 2024. Revenue shortfall experienced during H1 has been fully compensated by a strong H2 performance. As a result, the Company expects to report, FY24 revenue of £2.2m, in line with market expectations. The Company has a cash position of approximately £4.0m. The Company further announces that it has succeeded in securing the initial development stages of a significant contract with a global enterprise.

Sareum Holdings* 10.75p £7.7m (SAR.L)
A clinical-stage biotechnology company developing next-generation kinase inhibitors for autoimmune disease and cancer yesterday announced that further to its announcements of 28 March 2024 and 2 April 2024, the Placing, Subscription, Director Subscription and WRAP Retail Offer will complete today, raising gross proceeds of £2.29m through the issue of, in aggregate, new Ordinary Shares at the Placing Price of 10 pence per new Ordinary Share.

Steppe Cement 16p £35.0m (STCM.L)
The Kazakh cement producer announces provides the following trading update for the first quarter ended 31 March 2024. In Q1 2024, Steppe Cement sold 175,383 tonnes of cement for KZT 3,779m (approximately USD 8.4m, compared with 214,832 tonnes for KZT 4,938m (approximately USD 10.8m) in Q1 2023 (decreases of 18% and 23%, respectively) and the average price received by Steppe for delivered cement in Q1 2024 was KZT 21,545 (approximately USD 48) per tonne compared with KZT 22,985 (approximately USD 51) per tonne. The Company currently estimates Kazakhstan's cement market demand for 2024 to be approximately 11 million tonnes per annum, 5% lower than in 2023.

Tekcapital 8.25p £16.4m (TEK.L)
The UK intellectual property investment group focused on transforming university technologies into valuable products announces that Guident is incorporating its remote monitoring and control (RMCC) technology into AuVe Tech OÜ (Auve Tech) MiCa autonomous shuttle. Auve Tech, a pioneer in autonomous transportation systems, based in Tallinn, Estonia, has officially introduced its flagship product, the MiCa shuttle, which offers turnkey autonomous transportation solutions tailored in the US market.

5 April 2024
*A corporate client of Hybridan LLP or retained by Hybridan LLP for certain services
** Arranged by most recent first
*** Alphabetically arranged

STAY INFORMED

Our daily digest of news from UK listed Small and Mid caps straight to your Inbox.

Disclaimer

This document, which does not constitute research, has been issued by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to any such action. This document has no regard for the specific investment objectives, financial situation or needs of any specific person or entity and is not a personal recommendation to any such person or entity. Recipients should reach an individual investment decision, based upon their respective financial objectives and financial resources and, if any doubt, should seek advice from an investment advisor.

The information contained in this document is based on materials and sources that are believed to be reliable; however, such information has not been independently verified and therefore it is not possible to confirm such information as being accurate. This document is not intended to be a complete statement or summary of any securities, markets, reports or developments referred to herein. No representation or warranty, either express or implied, is made or accepted by Hybridan LLP, its members, officers, employees, agents or associated undertakings in relation to the accuracy, completeness or reliability of the information contained in this document, nor should it be relied upon as such.

The content of this document includes market commentary and other information which we have prepared in relation to the company referred to in this document, which is our broking client. The provision of this document to you constitutes a minor non-monetary benefit which is capable of enhancing the quality of service provided by Hybridan LLP and which is of a scale and nature which could not be judged to impair the duty of Hybridan LLP to act in the best interest of its client falling within article 24(7)(b) of Regulation 600/2014/EU (MIFID II Regulation).

Any and all opinions expressed are current as of the date appearing on this face of this document only. Any and all opinions expressed are subject to change without notice and Hybridan LLP is under no obligation to update the information contained herein. To the fullest extent permitted by law, none of Hybridan LLP, its members, officers, employees, agents or associated undertakings shall have any liability whatsoever for any direct or indirect or consequential loss or damage (including lost profits) arising in any way from use of all or any part of the information in this document.

This document should not be relied upon as being an independent or impartial view of the subject matter and, for the avoidance of doubt, constitutes non-independent research (as such term is defined in the Financial Conduct Authority’s Conduct of Business Sourcebook to reflect the requirements of the MIFID II Regulation and Directive 2014/65/EU (known as MIFID II)). The individuals who prepared this document may be interested in shares in the company concerned and/or other companies within its sector, may be involved in providing other financial services to the company or companies referenced in this document or to other companies who might be said to be competitors of the company or companies referenced in this document. As a result both Hybridan LLP and the individual members, officers and/or employees who prepared this document may have responsibilities that conflict with the interests of the persons who receive this document. Hybridan LLP and/or connected persons may, from time to time, have positions in, make a market in and/or effect transactions in any investment or related investment mentioned herein and may provide financial services to the issuers of such investments.

In the United Kingdom, this document is directed at and is for distribution only to persons who (i) fall within article 19(5) (persons who have professional experience in matters relating to investments) or article 49(2) (a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI 2005/1529) (as amended) or (ii) persons who are each a professional client or eligible counterparty (as those terms are defined in the Financial Conduct Authority’s Conduct of Business Sourcebook) of Hybridan LLP (all such persons referred to in (i) and (ii) together being referred to as relevant persons). This document must not be acted on or relied up on by persons who are not relevant persons. For the purposes of clarity, this document is not intended for and should not be relied upon by any person who would be classified as a retail client under the Financial Conduct Authority’s Conduct of Business Sourcebook.

Neither this document, nor any copy of part thereof may be distributed in any other jurisdictions where its distribution may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Distribution of this report in any such other jurisdictions may constitute a violation of territorial and/or extra-territorial securities laws, whether in the United Kingdom, the United States or any other jurisdiction in any part of the world.

Where possible this document is made available to all relevant recipients at the same time. Dissemination of research by Hybridan LLP is monitored to ensure that it is only provided to relevant persons. Research prepared by Hybridan LLP is not intended to be received and/or used by any person who is a retail client.

Hybridan LLP and/or its associated undertakings may from time-to-time provide investment advice or other services to, or solicit such business from, any of the companies referred to in this document. Accordingly, information may be available to Hybridan LLP that is not reflected in this material and Hybridan LLP may have acted upon or used the information prior to or immediately following its publication. In addition, Hybridan LLP, the members, officers and/or employees thereof and/or any connected persons may have an interest in the securities, warrants, futures, options, derivatives or other financial instrument of any of the companies referred to in this document and may from time-to-time add or dispose of such interests.

This document may not be copied, redistributed, resent, forwarded, disclosed or duplicated in any form or by any means, whether in whole or in part other than with the prior written consent of Hybridan LLP.

MIFID II status of Hybridan LLP research
The cost of production of our corporate research is met by retainers from our corporate broking clients. In addition, from time to time we issue further communications as market commentary (such as our daily newsletter, Small Cap Breakfast), which we consider to constitute a minor non-monetary benefit which is capable of enhancing the quality of service provided by Hybridan LLP and which is of a scale and nature which could not be judged to impair the duty of Hybridan LLP to act in the best interest of its client falling within article 24(7)(b) of the MIFID II Regulation.

Hybridan LLP is a limited liability partnership registered in England and Wales, registered number OC325178, and is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Any reference to a partner in relation to Hybridan LLP is to a member of Hybridan LLP or an employee with equivalent standing and qualifications. A list of the members of Hybridan LLP is available for inspection at the registered office, 2 Jardine House, The Harrovian Business Village, Bessborough Road, Harrow, Middlesex HA1 3EX.

If you would like to unsubscribe, please email enquiries@hybridan.com with “unsubscribe me”.

© Copyright 2024 - Hybridan | Website by Boxed Up Media
First Visit
bookcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram