Calisen Group. Potential Intention to Float. Owner and manager of essential energy infrastructure assets through its subsidiaries Calvin Capital and Lowri Beck . Consolidated FY Dec 18 revenue £162.1m and operating profit £25.4m. Raising up to £300m in primary plus partial vendor sale. Expected Admission February 2020 The Global Sustainable Farmland Income Trust will invest in a diversified portfolio of operational farmland assets located in major agricultural markets including the United States
Companies: STKR DBOX CLL EME MSYS AEE MYSL THR TEK ECR
SEC S.p.A. Adm ission is follow ing a reverse takeover under Rule 14 by SEC S.p.A of Porta Com m unications plc, another AIM quoted company. No funds being raised. Due 4 September. Mkt cap c £9.9m. The merger will create a business with global fee income of around €80m and a host of PR agencies, including Newgate, Publicasity and Newington.
Companies: TIME STKR MATD RENX JSG SOLI QIL ECHO LVCG CHRT
Essensys plc—a provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry, plans to join AIM. Offer TBC, expected 29 May 2019. Induction Healthcare Group plc—a healthcare technology company focused on streamlining the delivery of care by Healthcare Professionals looking to join AIM. Expected raise of £14.58m at 115p, market cap of £34.07m. Expected 22 May 2019. SDX Energy plc—a North Africa focused oil and gas company, announces its in
Companies: SHED ACT SCHO POW FFHHF STKR AGM OSI CHH HUNT
Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m.
Diaceutics, a data analytics and implementation services company which services the global pharmaceutical industry, is looking to join AIM late March, offer TBC.
Companies: MATD SML BLOE AGL KOOV IKA QUIZ STKR SEN SOU
Wentworth Resources— oil and gas exploration and production company, with assets in the onshore Rovuma Basin of East Africa. Introduction only. Mkt Cap c £50m . Due today
Renalytix AI—developer of artificial intelligence ("AI") decision support and clinical management tools for improving early diagnosis, continual monitoring and drug development for kidney disease. incorporated in March 2018 as a subsidiary of EKF Diagnostics Holdings (AIM-EKF). Total fundraising £22.25m.. Mkt cap - c. £67.5- £
Companies: STKR MPM PTCM ASLR AUG AFHP PANR C21 RBD SYS1
Path Investments (PATH) -RTO of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany. Offer TBA. Due late Aug.
Vitesse Media (VIS) — To be renamed Bonhill Group. RTO of the trade and assets of InvestmentNews, a Business Information and Data & Insight brand supporting the US financial adviser and wealth manager community Due 17 Aug. Raising £18.6m at 80p. Mkt cap £26.7m.
Kropz PLC-Intention to float by the emergin
Companies: FLTA DEC RAD YCA STKR GBGI NCCL AMS FAN
Block Energy— UK based oil exploration and production company whose main country of operation is the Republic of Georgia. Raising £4m. Mkt cap £9.3m. Due early June.
Codemasters Group— video game developer and publisher, specialising in high quality racing games. Offer TBA. Seeking £15m in primary. Due 1 June.
Strongbow Exploration (TSX:SBW) intends to dual list on AIM. Holds rights to the South Crofty underground tin mine, a former producing tin mine located in the towns of Pool and Camborne,
Companies: DRUM BLV AVO SMRT GMR STKR IUG IMM SYME ALS
Urban Exposure, a newly formed company which been established to pursue two main strategies in the residential development finance market - asset management of development finance loans and direct lending into development finance loans, looking to
join AIM. Offer TBC, expected early May 2018
Rosenblatt Group -specialist litigation and contentious restructuring law firm established in 1989 based in the City of London. Offer TBC. Due 8 May. Supreme, a leading manufacturer and supplier of branded
Companies: BRH MYN RCN FFI GROW STKR SEE VLX SWG
Fundamentum Supported Housing REIT. Raising £150m. Focussed on UK Social Housing assets. Due 2 May
Vivo Energy—retailer and marketer of Shell-branded fuels and lubricants in Africa, Due in May. 100% secondary sell-down of existing Shares by Selling Shareholders, No new Money. Pricing TBA
Gore Street Energy Storage Fund—Seeking to raise £100m for the purposes of investment in a diversified portfolio of utility scale energy storage projects. Due 12 April.
Odyssean Investment Trust—Raising £100m
Companies: RRL EMH BYOT EZH SRT VLX BCA STKR ARE
VR Education Holdings—a virtual reality software and technology company. Raising £6m, mkt cap c €22m. Due 12 March
SimplyBiz, a Financial Services Firm, reported to be considering an IPO targeting a market capitalisation of between £140m and £155m in a listing that would raise £30m of new money.
Bacanora Lithium—Readmission. No new money. Mkt cap £140m. Due 21 March. the new holding company for Bacanora Minerals Ltd
Core Industrial REIT—established to invest in Irish-based industrial properti
Companies: VIP BEG IQG BOIL CPX OSI MPAC STKR 13 APGEF
Cradle Arc—holding company of a group of companies focused on the exploration and development of precious and base metals projects in Africa. Offer raising £2.4m with market cap of £20.13m. Expected late Jan 2018
Volex VLX.L—The global provider of cable assemblies is proposing to move from the main market to AIM on 19 January. £75m market cap. FYMar18E rev £241.5m and £7.19m PBT.
OnTheMarket—Intention to float on AIM to raise c.£50m which will be used to fund the growth of the OnTheMarket.com
Companies: AVG VDTK TUNG AFHP HAT TST STKR XSG MAGP AFC
We note this morning’s announcement from ProPhotonix (PPIX) of the extension of the laser modules offerings. As we are ceasing research coverage we are withdrawing our forecasts, target price and recommendation.
Companies: Prophotonix Limited
Startup Giants is a UK-based investment vehicle, which will invest in technology start-ups at the concept stage. Raising £752,700 at £1. Market cap £1m. Due 1st November.
Ten Lifestyle Hldgs. Technology-enabled lifestyle and travel platform providing trusted concierge services to the world's wealthy. Net revenue increased from £20 million in the year ended 31 August 2015 to £33 million in the year ended 31 August 2017, a compound annual growth rate of 29%. Offer and date TBA.
Companies: PDZ WJG PIP CORO PLUS JAN PPH CRW XPD STKR
Further evidence that the shrewder investor prefers a smaller company, the Nobel Prize in Economics was awarded to Professor Thaler, an avowed fan of the smaller brethren. Back down to earth, all markets continue to make headway, with the smaller company indices continuing to lead the way. Despite the apparent deadlock in the Brexit process, life appears to carry on. The MPC meeting on 2 November and the Budget on 22 November may offer greater insight. In Share News & Views, we comment on recent
Companies: APC BMS CRPR ECSC EUSP FDM PCF STKR SNX FA/ SQS TCN W7L GETB
The summer is now well and truly behind us, with the days getting shorter and the weather getting colder. Pleasant summer days spent on warm sunny beaches, seem to have given way to mega cyber security breaches: Equifax being the most high profile of the lot. Accounting giant Deloitte also fell victim to hackers, with confidential emails and plans of some of its blue-chip clients compromised. While Yahoo announced that its 2013 record breaking hack, had affected all its 3bn accounts rather than
Companies: APC BBSN ECSC EUSP FDM STKR FA/ SQS SNX GETB
Research Tree provides access to ongoing research coverage, media content and regulatory news on Prophotonix Limited.
We currently have 62 research reports from 3
Ince has reported resilient results for FY21 considering the COVID pandemic with revenue growth YoY driven by International offices. With the cost base and financial position now stabilised, good earnings growth from FY22 onwards should be achievable. We reinstate forecasts to reflect a robust platform for progress at the Group and set our new target price at 100p which we think appropriately reflects the Group's near-term trough earnings and medium term earnings power based on current assumptio
Companies: Ince Group plc
Simec Atlantis (SAE) have confirmed that their largest shareholder, SIMEC UK Energy Holdings Limited are no longer in receivership.
Companies: SIMEC Atlantis Energy Ltd.
Companies: Judges Scientific plc
Judges Scientific is a group focused on acquiring and developing companies in the scientific instrument sector. The first half looks to have demonstrated a significant rebound, albeit against a weak comparator of H1 2020 with management ‘confident' of hitting full year market expectations. The Group exited H1 (30 June) with a strengthened organic order book of 16.1 weeks of sales, +15% on the year end position (14.0 wks), and +49% vs H1 2020. The total order book stood at 17.6 weeks. H1 organic
Companies: Volution Group plc
Plant Health Care has released a trading update for the first half with a trajectory of demand which suggests a good second half to come, traditionally the seasonally stronger part of the year. The Board expects FY trading to be in line with management expectations so we believe our forecasts are well underpinned with considerable upgrade potential given the current market trends. Buy
Companies: Plant Health Care PLC
Companies: Safestyle UK Plc
Flat but unsurprising results from Centrica in the first half of the year, as favourable weather conditions and commodity prices were offset by the COVID-19 impact, British Gas engineer strikes and sharp trading conditions.
On the positive side, the sale process of Spirit Energy has made progress, and a CMD will be held on 16 November 2021. However, nothing new on the dividend side.
Neutral view confirmed due to so many uncertainties surrounding the stock.
Companies: Centrica plc
Mpac has announced that Mpac Lambert has signed a contract with FREYR Battery to supply casting and unit cell assembly equipment for the battery cell production line at FREYR’s Customer Qualification Plant in Mo i Rana, Norway.
Companies: Mpac Group PLC
Epwin seems to exist under the radar screen. The stock trades at some of the lowest valuation multiples in the sector (FY22F PER = 11.2x, DY = 4.4%) and, for the second time in 3 months, we have significantly upgraded our earnings forecasts due to continued strength in RMI (Repair/ Maintenance/ Improvement) demand and robust margin development. House Stock.
Companies: Epwin Group PLC
Although renewable energy has been gaining increasing traction over the past decade as the costs of renewable energy generation and perhaps more importantly, energy storage have fallen, 2020 was a seminal year for transitional energy investors driven by governments seeking to “build back better” after COVID-19. The US has committed US$2.25trn largely focused on the energy transition while the EU has committed US$0.54trn with companies around the world including China committing to net zero targe
Companies: LAM FSJ TGP PRES JMAT CRPR NEXS VLX
AfriTin* (ATM LN) –Uis mine in Namibia aiming towards doubling monthly concentrate output
Alba Mineral Resources (ALBA LN) – Identification of new gold target close to Gwynfynydd
Altus Strategies* (ALS LN) – New silver/copper licenses secured in Morocco
Cornish Lithium (PRIVATE) – DLE technology provider selected for the Pilot Plant
Greatland Gold (GGP LN) – Additional drilling results from Havieron
Piedmont Lithium (PLL US) – A presentation delivered to Gaston County officials
Companies: PLL ATM ALBA ALS GGP SRB
Plant Health Care has announced that it has signed a distribution agreement with leading distributor Agrii in the UK for exclusive access to the biostimulant Harpin αβ in all crops in the UK. In the UK Harpin αβ has been sold on a small scale for 14 years, under the brand name ProAct®. It has shown to have exceptional grower benefits particularly in the amenity (turf) market and potatoes and Plant Health Care has been working with Agrii for several years to establish the grower benefits of Harpi
Confirmation of a strong year in tough circumstances
Ince has achieved a significant result in FY21, with revenue breaching £100m, new offices having been opened in Cyprus and Abu Dhabi, the fee-earning team having expanded materially, and its proprietary practice management system having been rolled out across most of this large global group.
COVID has clearly had an impact on some aspects of its financial performance, but we believe it has been navigated well, and Ince is now positioned
Since Epwin reintroduced guidance back into the market in September 2020 demand has consistently exceeded expectations. This has continued in H1 FY21 with today’s statement indicating that profit before tax for the current will be materially ahead of current expectations. The strength of trading in the first seven months of the year lead to an 11% upgrade in revenue and a 17% increase in profitability to £12.9m (prev. £11.0m). Raw material and cost input pressures lead to more conservative incre