Admissions:
None
Delistings:
None
Potential **** Initial Public Offerings:
ITF announced:
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 is now delayed to early November 2024 with an expected size of primary offer of £7.5m.
31 October 2024: Winking Studios: the AAA Art Outsourcing and Game Development business listed on the Catalist board of the Singapore Exchange Securities Trading Limited, is pleased to announce its intention to seek Admission to trading on the AIM market in November 2024 (the Dual Listing) to support, amongst other efforts, its expansion into Western markets. The Company has Partnerships with three major game publishing platforms: Sony, Microsoft and Nintendo and significant organic growth over the past four years, doubling headcount to 800+, increasing revenue to US$29.3m and growing Adjusted EBITDA to US$5.3m (FY23).
Aferian 5.5p £6.1m (AFRN.L)
The B2B video streaming solutions Company provided a trading update for the year to 30 November 2024. The Group has continued to win new business and has received increased sales orders in the second half of the year. In line with the Group's strategy, the key driver for this is the continued demand for improvements to the video streaming experience for consumers across multiple markets. As a result, revenue in the second half of the year is expected to be approximately 20% higher than in the first half. Revenue growth in H2 plus cost reduction actions taken earlier in the year means that adjusted EBITDA for the second half is expected to be approximately $2m.
Bigblu Broadband 33p £19.5m (BBB.L)
The provider of alternative super-fast and ultra-fast broadband services notes the Australian media speculation and can confirm that it is in discussions with Salter Brothers regarding a potential transaction involving SkyMesh, a BBB subsidiary. The transaction remains subject to final terms and financing arrangements, and there can be no certainty that any transaction will be completed. This potential transaction is in line with the Board's stated strategy to assess all options to realise value and maximise returns for shareholders from its operating assets.
Christie Group 100p £25.5m (CTG.L)
The Professional & Financial Services and Stock & Inventory Systems & Services to the hospitality, leisure, healthcare, medical, childcare & education and retail sectors reports the disposal of Orridge Holdings Ltd to RGIS Inventory Specialists for £5m, with £4m cash paid on completion. Orridge was founded in 1846 and operates from the UK, Germany, and Belgium. For December 2023, its gross assets were £4.5m and it lost £1.2m before tax. Management says this transaction will improve the near-term profitability and cash flow by reducing the funding of subsidiary trading losses and will release both time and resources to invest in profitable growth.
Distil 0.21p £3.1m (DIS.L)
The owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, TROVE Botanical Vodka and Blavod Black Vodka, announced its unaudited interim results for the six months ended 30 September 2024. Revenues decreased 38% to £393k (2023: £632k) and gross profit decreased 44% to £158k (2023: £283k). The loss before tax was £555k (2023: £314k) and cash reserves at the period end were £314k (2023: £321k).
Ensilica 51.5p £49.75m (ENSI.L)
The chip maker of mixed signal ASICs (Application Specific Integrated Circuits) report finals to May 2025. Its revenues increased by 23% to £25.3m with a 6% increase in EBITDA to £1.7m, while GP margins lowered to 36% from 40%, due to large tape-out contract. In electronics and photonics design, tape-out is the final stage of the design process for integrated circuits or printed circuit boards before they are sent for manufacturing. After raising £6.6m and investing £6.4m into developing IP, its cash increased to £5.3m from £3.1m, although further funding maybe needed to bridge the working capital cycle. A strong start to the current year is reported with new longer-term business from autos and the industrial sector such as a contract to develop and supply a controller ASIC which is expected to be worth more than of $31m over seven-years.
EQTEC 0.8p £2.1m (EQT.L)
The licensor and innovator of syngas technology for clean conversion of the world's waste into sustainable energy and biofuels announced that it has entered into a Collaboration Framework Agreement with Simonpietri Enterprises LLC (SEL), a Hawaii-based developer of innovative project solutions to re-use and recycle waste into sustainable products that reduce lifecycle greenhouse gas emissions for the agriculture, energy, and transportation sectors. The purpose of the partnership is to jointly develop advanced waste-to-value projects to be owned and operated by SEL, that is expected to deliver both environmental and economic benefits.
IQ-AI 1.125p £2.5m (IQAI.L)
The investment Company’s wholly owned subsidiary, Imaging Biometrics, has filed a provisional patent application with the US Patent and Trademark Office for Gallium Maltolate as a Cancer Treatment Agent and Method. The Company also reported that the growth in IQ-AI's revenues, first reported at the time of the Interim Report in August, has continued. The Board now expects that total revenue for the current year will thus be between U$900,000 and U$1m. This expected year-on-year sales increase (up from U$760,000 in 2023), has primarily been driven by sales of their software solutions.
Microlise Group 92p £106.7m (SAAS.L)
The provider of SaaS based transport technology solutions to fleet operators reports that a large portion of the Company's services have been affected by a cyber incident after detecting unauthorised activity on the Microlise network. This has resulted in disruption to services which are currently inactive. The Board has appointed external cyber security specialists whose investigations are underway to establish the nature and extent of the incident. The Company does not currently anticipate that this incident will have a material adverse impact on its forecasts or financial position.
Mirriad Advertising 0.315p £3.3m (MIRI.L)
The in-content advertising and virtual product placement (VPP) Company announced research demonstrating the power of its VPP to directly drive sales and store visits for one of the largest US advertisers. The campaign, run using the Mirriad's VPP platform, drove a 51% increase in average transaction value for this large advertiser. These results, as revealed by iSpot data, mark the first time VPP has been measured using pixel tagging methodology aligned to standard TV advertisement reporting in the industry. The iSpot data highlighted the campaign's elevated return on investment, growth in advertiser transactions, and strengthened connection with the advertiser's target audience.
SIMEC Atlantis Energy 1.95p £14.1m (SAE.L)
The operator in the sustainable energy sector announced that it is working with the Alliance, which comprises the biggest names in the tidal sector, towards bringing about the next phase of SAE's MeyGen project. MeyGen is the largest tidal stream facility in the world and the next phase will see the project increase its operational capacity from 6MW to 65MW. MeyGen continually accounts for over 70% of the global tidal stream total output. SAE is working with the Alliance towards delivery of the project utilising the world's most powerful tidal stream turbine.
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