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Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Altona Rare Earths, the AQSE listed mining exploration company focused on the evaluation, acquisition and development of Rare Earth Elements mining projects in Africa, intends to join the Main Market. Admission to trading of the Company's Ordinary Shares on the AQSE Growth Market will be cancelled simultaneously with Admission. It is also proposed that on Admission, the Company will change its EPIC from AQSE
Companies: TLY SDX PYC ORPH BGO CGNR EME HZM MPAC
Companies: Totally Plc
Totally has released a trading update for the year ended 31 March 2022 which follows a briefer update on 14 April indicating performance ahead of FY22 consensus. Today’s more detailed update goes further in that EBITDA is now expected to be “substantially” ahead of the £5.4m consensus.
Totally has announced the acquisition of Pioneer Healthcare Ltd., an established independent provider of insourcing and outsourcing services to NHS patients. We believe this to be the most important and strategically significant addition to the Group’s services since the acquisition of Greenbrook in 2019.
Over the past ten months Totally has announced numerous new contract awards and contract extensions from Clinical Commissioning Groups (CCGs) amounting to over £165m of total value with contracts lengths of up to five years.
Joiners: Hiro Metaverse Acquisitions I S.A. (HMA1.L), a special purpose acquisition company sponsored by Hiro Sponsor I LLP, an affiliate of Hiro Capital, a videogames and metaverse technology venture capital fund, has joined the London Stock Exchange. HMAI raising through the listing. Founded by Luke Alvarez, Sir Ian Livingstone CBE, and Cherry Freeman, three senior leaders with an established track record of entrepreneurship and investment in the video gaming, digital sports and technology sec
Companies: TLY SNT QTX IGP CMH DX/ GFM
Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Hercules Site Services a technology enabled labour supply company for the UK infrastructure sector, intends to float on AIM. Hercules is seeking to raise approximately £5.5m to rapidly deliver on the significant demand it is experiencing for its diverse range of services across the UK infrastructure sector, including to scale up its operations to supply labour to the northern section of the HS2 rail project
Companies: WSG ADME AGL CCT EMAN OHG OTMP TLY
Energy Fitness Professionals (EFP) is a strategically important addition to the Group’s service proposition, introducing Totally to a fast-growing market in the field of workplace wellbeing. EFP has built up a blue-chip list of corporate clients and Totally now has the opportunity to offer EFP’s services to its own extensive customer base, including the NHS, as well as adding additional services to the platform such as physiotherapy and virtual GP. We expect more bolt-on acquisitions to be concl
Totally, a leading provider of a range of healthcare services across the UK and Ireland, has reported excellent interim results with significant increases in revenues, profits, cash and the interim dividend which, reflecting the Board’s confidence, has been raised from 0.25p to 0.5p. The Group is well placed to meet or exceed our full year forecasts but with the winter months to contend with and the higher levels of uncertainty that could bring, we are leaving forecasts unchanged at this stage.
Joiners Conditional dealings begin in W.A.G. payment solutions (Eurowag: WPS.L) on the Main Market (Premium). Eurowag is a leading pan-European integrated payments & mobility platform focused on the commercial road transportation industry. It makes life simpler for commercial drivers and operators across Europe through its unique combination of payments solutions, seamless technology, a data-driven digital eco-system and high-quality customer service. The Offer Price has been set at 150 pence pe
Companies: TLY LTG JNEO ITM CLIN
Research Tree provides access to ongoing research coverage, media content and regulatory news on Totally Plc. We currently have 56 research reports from 4 professional analysts.
Companies: Futura Medical plc
2021 was a tough year which saw the non-repeat of highly profitable hand sanitiser sales, almost no Chinese sales and the impact of input/cost inflation. However, it successfully integrated 2 acquisitions, which enhance the portfolio and earnings quality, and locked in the planned synergies. With new distribution agreements (inc to China), and mitigations in place to claw back lost margin, VLG looks set to return to profitable growth. The platform is highly scalable and trades on just 5x EV/EBIT
Companies: Venture Life Group Plc
MRx-4DP0004 is 4D Pharma’s oral, immunomodulatory, single strain Live Biotherapeutic product (LBP). The safety portion of this Phase 1/2 (Part A) met the primary endpoint of safety and tolerability, with five secondary endpoints qualitatively improved over the placebo arm. The data is being presented in poster session at the ATS meeting May 15-18, 2022.
Companies: 4d Pharma PLC
4D Pharma is a pharmaceutical company developing Live Biotherapeutic Products (LBPs), a novel class of drug derived from the human gut microbiome. This differentiated approach focuses on leveraging the interactions of LBPs with host biology, underpinned by a proprietary MicroRx® platform. This has generated a strong clinical and preclinical pipeline of single strain LBPs targeting major diseases across multiple therapeutic area. A well flagged cash requirement overshadows the stock but the exper
Companies: SDI Group plc
Weekly round-up of AIM-listed healthcare news. Venture Life Group, GENinCode, Kromek, Alliance Pharma, Polarean Imaging, Benchmark Holdings, Ondine Biomedical, Verici Dx, Faron Pharmaceuticals, Avacta Group, Abingdon Health, Open Orphan, Belluscura, Hutchmed (China), Oxford Biodynamics
Companies: ANIC RUA CREO GENI HEIQ IHC IXI IUG OPTI SBTX VAL VLG
*A corporate client of Hybridan LLP Dish of the day Joiners: EnSilica (ENSI.L), has join AIM. EnSilica provides an end-to-end service for the design and supply of mixed signal ASICs, outsourcing certain elements such as the wafer fabrication of the manufacturing and packaging to third parties - otherwise known as a Fabless Semiconductor Model. ASICs are Integrated Circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage. ASICs help
Companies: YGEN AFRN ALBA ART BLV CCS EPWN FIPP NWT KETL
Synairgen reported a FY 2021 adjusted net loss of £48.2m (FC est. -£46.7m), the delta due to higher-than-expected R&D (c.£4.9m), which was partially offset by a higher R&D tax credit. Period-end cash was £33.8m (FC est. £37.0m). SPRINTER results, presented at the American Thoracic Society on 16 May, identify a responder group of higher risk patients and provide a strong clinical rationale to investigate SNG001 in a trial evaluating progression and/or mortality in such patients. Synairgen is focu
Companies: Synairgen plc
Companies: RUA Life Sciences Plc
Trinity Delta view: The deal with Cooper for the commercially important EU (including UK) markets is a critical milestone that could be transformative for Futura Medical. The depth of due diligence suggests a strong commitment from Cooper, that should be sustained in the longer term given contractual marketing spend. We currently value Futura Medical at £264m, equivalent to 92p per share but expect to review this as visibility on expected launch timings increases and also when the results of the
Dish of the day Joiners: Lekoil, the oil and gas exploration and production Company with a focus on Nigeria and West Africa has joined the Access Segment of the AQSE Growth Market. The Company was previously listed on AIM (LEK.L), however, Ordinary Shares have been suspended from trading on AIM since October 2021. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Psych Capital PLC, intends to list on the AQSE Growth Market. Psych operates the Psych Platform (a business-to-business ne
Companies: CZA AXL AEE CORA D4T4 EKF ORPH PWM PPH SYM
Belluscura announced in March that it had signed a Master Supply Agreement with InnoMax to manufacture the X-PLO2R portable oxygen concentrator family of products in China which provides a platform to expand distribution into Asian markets while also significantly increasing manufacturing capacity and reducing per unit manufacturing costs.
Companies: Belluscura PLC
FY21 results were well-trailed and contain no surprises. The company continues to execute in line or ahead of plan and, following a £10m fundraise post-period end, is funded through a number of key inflection points. Investors can look forward to a number of these in the near term, including commercial launch and first revenues from first product Tuteva later this year. Rolling forward our risk-adjusted DCF results in a further increase in our TP to 76p (from 65p). we reiterate our Buy recommend
Companies: Verici Dx Plc
IXICO has reported six-month results to March-22, in-line with the recent trading update, with revenues of £3.9m, EBITDA of £0.5m and closing cash of £5.8m. The company expects to ‘materially exceed' our previous EBITDA forecast of £0.6m, anticipating FY22 EBITDA of more than £1.2m; we have upgraded our forecasts into line with this new target. As previously discussed, trial cessations will continue to impact into FY23E, resulting in weaker revenues and short-term EBITDA losses, however we belie
Companies: IXICO Plc
Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Psych Capital PLC, intends to list on the AQSE Growth Market. Psych operates the Psych Platform (a business-to-business networking platform), that is developing the Blossom Database pursuant to a third party licensing arrangement. The Company also has an investment of 426,000 common shares in Awakn, a Canadian NEO Exchange listed psychedelics research and clinical group, with operations in the UK and Europe.
Companies: CREO DRV FUM ROCK TOU WRES
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