Four plays for growth
Summary – In this report we outline the investment case for four companies that we believe have transformative growth potential: Bigblu Broadband, Audioboom, ULS and Beeks. We also include the current sector valuation, our recent research, and a profile of all of the companies covered by the 4-strong Tech Research team at finnCap.
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29 Nov 19
Acquisition and placing
Access Intelligence has announced the acquisition of Pulsar, a social media intelligence SaaS platform, for an all share consideration of £4.5m. The company has simultaneously announced a placing of £3.3m at 52p, to fund working capital, exceptional integration costs, and loan note repayments. The acquisition of Pulsar represents a highly complementary addition to the existing Vuelio platform, delivering a significantly more advanced social media platform, with sophisticated analytics and granular insight, as well as providing the technical groundwork to extend this functionality across the platform through advanced AI and machine learning capabilities. Through enhancing the product functionality of the platform, we believe Vuelio will gain a significant competitive advantage, providing it with greater weight to compete against the PR incumbents, as well as the pure play social media vendors.
02 Oct 19
Building a reputation – Initiation of coverage
Access Intelligence is a leading supplier of SaaS solutions to the corporate communications and reputation management market. Since restructuring in 2017, the company has demonstrated a return to growth (FY18: 10%, including 7% organic), achieving EBITDA breakeven in FY18 with net cash of £4.2m (FY17: net debt £2.7m), while the group annual contract value (ACV) base improved to £12.9m, derisking revenue expectations. Via the core platform, Vuelio, Access Intelligence delivers a comprehensive suite of solutions to proactively manage brand reputation across the media, in line with the strategy to deliver an integrated media intelligence solution for public relations, public affairs and stakeholder communication. The ResponseSource acquisition (including the Journalist Enquiry Service) two weeks before November year-end, expands the service offering and market share, adding a further 1,500 customers to the group’s client base, and significant cross-selling opportunities. We initiate with interims, which have highlighted continuing ACV growth alongside investment through R&D, as the integration of ResponseSource (acquired November) nears completion. Target 84p, equivalent to 12.4x FY21 EV/EBITDA and 2.5x EV/sales with 99% recurring.
15 Jul 19
Morning Note – 15 July 2019
Access Intelligence (ACC): Corp Building a reputation – Initiation of coverage | Amino Technologies (AMO): Corp Acquisition of 24i Media | Anglo African Oil & Gas (AAOG): Corp Dispute with SMP | Avesoro Resources (ASO): Corp Mining contract for Youga signed
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15 Jul 19
Small Cap Feast
Voyager AIR The Company will focus on the acquisition, leasing and management of primarily widebody aircraft, with asset management services to be provided by Amedeo Limited the IPO will comprise a Placing and Offer for Subscription of Shares to raise up to approximately US$200m. Uniphar, a diversified healthcare services business with a workforce of over 2,000, is looking to join AIM. Raising EUR135m with market cap on admission of EUR309.6m, expected 17 July 2019. Roxi Music UK music streaming service plans London IPO as it goes up against Spotify. They have appointed investment bank Arden Partners for an initial public offering (IPO) on the London Stock Exchange later this year.
ACC TYMN MNO LOGP AMO VLS LWRF CWR CGNR GMD
15 Jul 19
Allenby Capital TMT Update 01.07.19 (TERN.L, ZOO.L, ACC.L)
Tern plc* (TERN.L, 11.25p/£26.6m) Capital Markets Event: Exposure to global IoT market (24.06.19) | ZOO Digital plc (ZOO.L, 63p/£46.9m) FY19 results: Development and disruption in OTT market (26.06.19) | Access Intelligence plc (ACC.L, 58.0p/£35.4m) Cessation of coverage (01.07.19)
ACC TERN ZOO
01 Jul 19
Allenby Capital TMT Update 24.06.19 (MWE.L, BIRD.L, ACC.L, BBSN.L, ECSC.L)
MTI Wireless Edge Ltd* (MWE.L, 23.0p/£20.0m) Acquisition: Capturing more of the value chain (24.06.19) | Blackbird plc* (BIRD.L, 7.75p/£22.9m) Contract win: Major US broadcaster secured (19.06.19) | Access Intelligence plc* (ACC.L, 58p/£35.4m) H1 trading update: Major US broadcaster secured (19.06.19) | Brave Bison Group plc* (BBSN.L, 1.65p/£10.0m) AGM statement: Planned diversification (19.06.19) | ECSC Group plc* (ECSC.L, 75p/£16.8m) AGM statement: Managed Services growth increases recurring revnue (19.06.19)
ACC MWE BBSN ECSC
24 Jun 19
Finals – ResponseSource provides upsell opportunity
Finals from Access Intelligence, the leading supplier of SaaS solutions for communications and reputation management to the UK public and private sectors, were in line with forecasts and December’s trading update. Reported revenue increased 10.2% to £8.9m and a £1.4m positive swing in adj. EBITDA to a small profit. FY18 included one month’s contribution from ResponseSource that has significantly broadened ACC’s service offering, increased the installed base and enriched its data sets. This has created substantial cross-sell opportunities and accelerated ACC’s own development plans. The outlook for the enlarged business is positive as organisations struggle with how best to interface with new forms of digital media, the challenge of building the relationships needed with media, social media and government influencers, and the rise of ‘Earned’ media. FY19 revenue and profit forecasts are reduced by £0.1m each to reflect the fair value adjustment to ResponseSource’s deferred income as flagged in October’s note. FV of 120p/share, equivalent to 17.9x 2021 EV/Adj. EBITDA looks reasonable for a company offering the combination of SaaS revenue growth and margin appreciation.
01 Apr 19
TMT Update 01.04.19 (ACC.L, BBSN.L, FBT.L, MWE.L)
Access Intelligence plc* (ACC.L, 57p/£35.7m) - Finals: ResponseSource provides upsell opportunity (01.04.19) | Brave Bison Group plc* (BBSN.L, 2.5p/£14.7m) - Finals: Maiden profit on significant revenue growth (27.03.19) | Forbidden Technologies plc* (FBT.L, 7.0p/£21.0m) - Chief Operating and Financial Officer appointment (28.03.19) | MTI Wireless Edge Ltd* (MWE.L, 23p/£12.6m) - Contract win (28.03.19)
ACC BBSN BIRD MWE
01 Apr 19
TMT Update 10.12.18 (ACC.L, BBSN.L, MIRA.L, BOOM.L)
Access Intelligence* (ACC.L, 65p/£35.3m) Pre-close FY18 trading update: Positive performance (10.12.18) | Brave Bison plc* (BBSN.L, 1.8p/£9.8m) FY trading update: Performance ahead of management expectations (05.12.18) | Mirada* (MIRA.L, 0.75p/£6.9m) Interim results: Acceleration in izzi deployment (07.12.18) | Audioboom* (BOOM.L, 1.15p/£13.5m) Network update: Expanding its content (05.12.18)
ACC BBSN BOOM MIRA
10 Dec 18
Small Cap Feast
PetroTal Corp is an oil and gas company whose shares are currently admitted to trading on the TSXV. The Company is focused on development of oil and gas assets in Peru and it currently has controlling interests in three onshore Peru license blocks. No new funds being raised. Due 21 Dec. Mkt cap c.£80m Litigation Capital Management—provider of litigation financing and ancillary services, moving from ASX (ASX:LCA) to AIM. Offer TBC. Due 18 Dec. Mkt Cap A$64m. Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is due to start trading on AIM 14 December. Raising £2m at 290p. Mkt cap at issue price £13.6m. Manolete Partners—leading UK insolvency litigation financing business looking to join AIM raising £16.3m as a placing and £13.1 realised by the selling shareholder at 175p. Market cap £76.3m, expected 14 December Greenfields Petroleum (TSX-V:GNF) production focused company with operated assets in Azerbaijan seeking AIM dual listing including $60m private placement. Mkt cap $12.6m CAD. Expected early December.
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10 Dec 18
Trading in line with our full year expectations
Access Intelligence, a leading provider of corporate communications and reputation management Software as a Service (SaaS) solutions that combines PR, public affairs and social engagement to the UK public and private sectors, is proposing to acquire ResponseSource for a total consideration of £5.5m. This will be funded through a placing of £6.8m and £0.5m in shares - the extra funding will be used on business integration and working capital. ResponseSource shares many of the key attributes of ACC in operating a SaaS subscription model with low revenue concentration and a high retention rate. The acquisition significantly broadens ACC’s service offering, increases the installed base and enriches its data sets, creating substantial cross-sell and upsell opportunities. ResponseSource is well-established, profitable and has developed the UK’s leading media enquiry service and a substantial media contacts database.
10 Oct 18
Small Cap Feast
Summerway Capital investing company established to acquire companies or businesses which the directors of the Company believe have the potential for strategic, operational and performance improvement so as to create shareholder value. Offer TBC, market cap TBC expected 19 October Admission is being sought as a result of the proposed RTO of Cambian Group plc following completion of the acquisition by CareTech a leading provider of specialist social care services, supporting adults and children with a wide range of complex needs. No raise, market cap TBC expected 19 October. PetroTal (TAL.TO) - The exploration and production company focused on oil assets in Peru is seeking a secondary AIM quotation before the end of 2018. Path Investments— First acquisition of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany. Seeking £10m raise. Due early Oct Green Man Gaming—pure play e-commerce and technology company in the digital video games industry. revenue CAGR growth of 26.7% in the last three years to £47.5m. Due Mid October 2018. EBITDA Profitable. Offer TBA Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is exploring its options in relation to a potential move to the AIM market of the London Stock Exchange which, if it were to proceed, would likely take place over the next few months.
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10 Oct 18
TMT UPDATE - 16.07.18 (ACC.L, BOOM.L, GFIN.L, KBT.L, ADT.L)
Access Intelligence plc* (ACC.L, 5.25p/£26.0m) Interims: Further growth in Vuelio's Annual Contract Value (10.07.18) | Audioboom plc* (BOOM.L, 1.9p/£22.0m) Notice of results and update (13.07.18) | Gfinity plc* (GFIN.L, 13p/£36.5m) Experienced COO appointment and grant of options (12.07.18) | K3 Business Technology plc (KBT.L, 219p/£69.2m) Interims: Substantially overhauled (09.07.18) | AdEPT Telecom plc (ADT.L, 359p/£80.8m) Prelims: Further Public Sector growth (12.07.18)
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16 Jul 18
Further growth in Vuelio's Annual Contract Value
Interims from Access Intelligence, a leading provider of corporate communications and reputation management software that combines PR, public affairs and social media engagement to the UK public and private sectors, demonstrate further growth in net Annual Contract Value (ACV) and a reduction in adj. LBITDA. This is a function of both new customer wins plus upsells and the ACV base was £8.9m at H1, providing high levels of revenue visibility going forward. The outlook remains positive given the increased complexity of reputation management in the UK media and political markets and the specific catalyst of GDPR. May’s £2.7m placing (net) has provided the company with the funds to further extend the functionality of its Vuelio platform around mobile, social media management and analysis. No change to forecasts or 11p/share fair value.
10 Jul 18
Small Cap Brunch
Ovoca Gold (to be renamed Ovoca Bio PLC) - RTO of IVIX, a Russian company developing a drug candidate for the treatment of female sexual dysfunctions. No monies to be raised, market cap of £8.5m, due 30 July Nucleus Financial—independent wrap platform provider . FYDec17 revs £40.36m and PBT of £5.1m. Offer TBA. Due late July. Kropz PLC-Intention to float by the emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa and exploration assets in West Africa Immotion Group - aims to become the market leader in "out of home" Immersive Entertainment Experiences. Offer TBA. Due 12 July
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10 Jul 18
TMT UPDATE - 11.06.18 (ACC.L, BOOM.L, MWE.L, TPG.L)
Access Intelligence plc* (ACC.L, 4.55p/£22.1m) H1 trading update: Further growth in annual contract value (11.06.18) | Audioboom plc* (BOOM.L, Suspended) Placing and finals: Focused investment to support further growth (08.06.18) | MTI Wireless Edge plc* (MWE.L, 26.5p/£14.2m) Merger: further progress made (30.05.18) | TP Group plc (TPG.L, 7.65p/£58m) AGM statement: Positive start to FY18 (07.06.18)
ACC MWE TPG BOOM
11 Jun 18
Vuelio - Platform for profitable growth
Access Intelligence, a leading provider of corporate communications and reputation management software that combines PR, public affairs and social engagement to the UK public and private sectors, has conditionally raised £2.8m at 4p/share to further extend the functionality of its Vuelio platform around mobile, social media management and analysis. The company has transformed over the past couple of years from a diverse software portfolio into a streamlined operation focused on Vuelio. The bulk of the restructuring was completed in Q1 FY17 and the existing customers have been migrated to the Vuelio platform. Since then, the Annual Contract Value (ACV) growth rate has started to accelerate through new customer wins plus upsells. At the same time, ACC has rationalised its cost base. As a result, the company started to generate cash during Q4. The growth outlook remains positive with digital media continuing to bring upheaval to the communications management market, competitors occupied with integrating recently acquired legacy businesses, and organisations still struggling to link communications to broader business objectives – alongside the specific catalyst provided by the imminent GDPR (General Data Protection Regulation) data privacy requirements.
25 Apr 18
Allenby Capital TMT Update 05.03.18
Access Intelligence plc* (ACC.L, 4.1p/£16.1m) Finals: Good Vuelio growth in H2 | Tekcapital plc* (TEK.L, 19.5p/£8.3m) Lucyd funding update: Successful blockchain token generation event | The Character Group plc* (CCT.L, 465p/£98.3m) Toys R Us UK administration | GAN plc (GAN.L, 28p/£18.7m) Meeting with management: Simulated growth | Crimson Tide plc (TIDE.L, 2.95p/£13.4m) Trading statement: FY17 in line, further investment in FY18
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05 Mar 18
Small Cap Breakfast
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 | Stirling Industries—Acquisition vehicle focusing on industrials. Offer TBA. Due 5 March| GRC International Group— holding company for a group of companies providing a range of products and services to address the IT governance, risk management and compliance requirements of organisations. Offer raising £5m at 70p with market cap of £40.2m, expected 5 Mar 2018 | Core Industrial REIT—established to invest in Irish-based industrial properties, predominantly located in the Greater Dublin Area. Vendor placing and new funds to a total of €225m, Target gross proceeds €207m. Expected Mid March | Polarean - Medical drug-device combination company operating in the high resolution medical imaging market. Offer TBC. Due Early March | Block Energy—a NEX Listed UK based oil exploration and production company whose main country of operation is the Republic of Georgia, looks to join AIM end of February 2018. Offer TBC
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02 Mar 18
Small Cap Breakfast
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 £20.25m. Expected 10 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 portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m.
ACC WPHO ZIOC GEO AVAP YGEN RMM OTC
29 Dec 17
TMT Update 27.11.17
Gfinity plc (GFIN.L, 27.25p/£59.5m) Prelims (22.11.17) and board appointments (23.11.17): Transformational year | CAP-XX Limited (CPX.L, 11.625p/£34.6m) AGM statement: Substantial growth in order book (23.11.17) | Newmark Security (NWT.L, 1.2p/£5.6m) Contract win: Further progress with terminal sales (27.11.17) | Access Intelligence (ACC.L, 3.625p/£12.6m) Trading update: Positive Vuelio growth metrics (20.11.17) | Netcall Plc (NET.L, 47p/£67.8m) AGM statement: First MatsSoft cross sell (23.11.17) | Eckoh plc (ECK.L, 51p/£128.5m) Interims: US driving business (22.11.17)
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27 Nov 17
Small Cap Breakfast
Belluscura— Provider of premium medical devices at value prices to address part of the global unmet need for affordable, premium quality medical devices. Raising £7.5m to £10m. Offer TBA. Due early Dec Miriad Advertising—Global video advertising company incorporated in 2015 and is engaged in the development of native invideo advertising . 2016 rev £0.7m and £7.3m operating loss. Offer TBA Keystone Law Group— full service law firm with over 250 self-employed lawyers . Due 27 Nov. Raising £10m at 160p. Mkt Cap £50m. Revenue of £25.6 million and EBITDA of £2.1 million. In FYJan17. Beeks Financial Cloud -niche cloud computing and connectivity provider for automated (algorithmic) trading in Forex and Futures financial products . Raising £7m. Mkt Cap c.£24.5m. Due 27 Nov. FYJun17 rev £4m. Profitable at operating level. City Pub Group - owner and operator of an estate of 34 premium pubs across Southern England. £30m raise. Consistent track record of strong revenue and EBITDA growth, with a three year CAGR from FY14 to FY16 of 34.9% and 44.8% respectively, and an EBITDA margin of 14.7% in FY16. Due late Nov. Offer TBA. Ten Lifestyle Hldgs. Technology-enabled lifestyle and travel platform providing trusted concierge services to the world's wealthy. Net revenue increased from £20m in the year ended 31 August 2015 to £33m in the year ended 31 August 2017, a compound annual growth rate of 29%. Offer TBA, expected 27 Nov 2017. OnTheMarket—Intention to float on AIM to raise c.£50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. OG Graphite, brownfield development-stage graphite company focused on the reactivation of its wholly-owned Kearney natural flake graphite mine and mill located 280 km north of Toronto, Canada. Offer TBA, expected mid November.
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20 Nov 17
TMT Update 29.08.17 (MIRA.L, ACC.L, CNIC.L) RM
Mirada plc (MIRA.L, 1.375p/£1.9m) Contract win: Second large deployment secured (29.08.17) | Access Intelligence plc (ACC.L, 4.1p/£14.4m) Interim results: encouraging signs of growth (25.08.17) | CentralNic plc (CNIC.L, 68p/£65.2m) H1 trading update and acquisition: In line, .sk adds scale and growth opportunity (25.08.17)
ACC CNIC MIRA
30 Aug 17
Small Cap Breakfast
appScatter Group—Sch1 from the B2BSaaS platform that allows its paying users to distribute their apps to, and manage their apps on, multiple app stores. Following admission, appScatter intends to launch the public version of the platform, at which point the platform will be available to all app developers and publishers worldwide. Offer TBC, expected early Sept 2017 | Warehouse REIT - The Company will invest in a diversified portfolio of UK warehouse assets located in urban areas. The Company is targeting a dividend yield of 5.5p equivalent to a yield of 5.5 per cent. for the year ending 31 March 2019. Issue price 100p. Raising up to £150m. | Destiny Pharma—A clinical stage biotechnology company - lead asset (XF-73) targets antibiotic-resistant bacterial infections in hospitals. Offer TBA. Due early September. | Avingtrans (AVG.L) Sch1 on its Reverse Takeover of Hayward Tyler (HAYT). Combined market cap of c.£75m. Expected 01 September 2017 | OnTheMarket—Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. | Chesterfield Resources-newly established company formed for the purpose of acquiring a company, business or asset that has operations in the mining sector that it will then look to develop and expand. Raising £1.3m at 5p. Due 29 Aug. Mkt cap £1.4m. | Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017. The Company may bring forward this closing date at any time. Admission 15 September 2017
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25 Aug 17
Small Cap Lauch
GetBusy PLC—Sch1 from the holding Company of its subsidiary undertakings, which operates as a document management software business with over 110 full time employees, headquartered in Cambridge, UK and operating across the UK, USA, Australia and New Zealand. Capital to be raised via a rights issues of £3m at 28.3p with anticipated market cap of £13.7m. | Work Group PLC—Sch1 from the Company that proposes to acquire the entire issued share capital of Gordon Dadds Group Limited (GDG). GDG is an acquisitive law firm and a group of other complimentary businesses, including Prolegal, an acquisition vehicle model focused on smaller law firm. Capital to be raised is £20m with anticipated market cap of £40m. | Quiz—Sch 1 from the omni-channel and international own brand in the women's value fast fashion sector. Offer TBA. Expected late July. Last year Quiz posted sales of £87.4m while pre-tax profits grew by 17pc to £5.7m . | Arena Events Group -provider of temporary physical structures, seating, ice rinks, furniture and interiors. Raising £60m. Mkt cap £63m. Expected on the Chef’s birthday, 25th July. | Altus Strategies—African focused natural resource Company. Offer TBC. Expected Mid July. | Harvey Nash Group— Provider of professional recruitment and offshore solutions moving to AIM from Main. No capital to be raised. Mkt Cap c. £57.8m. | Greencoat Renewables - Schedule 1. Targeting a portfolio of operating renewable electricity generation assets, initially investing in wind generation assets in Ireland. Offer TBC. Due Mid July. I3 Energy –Schedule 1 Update. Independent oil and gas Company with assets and operations in the UK. Issue price of 55p with anticipated market cap of £14.3m, mid July Admission. | Verditek— Sch 1 update. The Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Issue price 10p. Admission late June. Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Prospectus yet to be published. | Impact Investment Trust—Exposure to a diversified portfolio of funds providing SMEs across developing economies with the growth capital they need to have a positive impact on the lives of the world's poorer populations. Raising up to $150m at $1.00. | Curzon Energy—Report on Proactive Investors of intended LSE float this year with acquisition of coal bed methane assets in Oregon. Looking to raise £3m plus. NLB Group—financial and banking institution based in Slovenia, with a network of 356 branches. Seeking Ljubliana Stock Exchange listing with GDRs on the LSE. Expected mid June. | Kuwait Energy— has not been able to complete its initial public offering as announced in its Intention To Float of 3 May 2017. However, in light of positive feedback from potential investors, the Company remains committed to obtaining a London listing and continues to explore its options. | Supermarket Income REIT– Up to £200m raise to acquire a diversified portfolio of supermarket real estate assets in the UK, providing long-term RPI-linked income. Due 21 July.
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18 Jul 17
N+1 Singer - Uncovered Gems - Speed Dating Lunch - Another five sparkling gems
Last Friday we reprised our successful speed dating format with excellent presentations from the CEOs of Access Intelligence, Corero Network Security, LiDCO Group, OrganOx and Yu Group. Each company gave a ten minute overview of its business and the investment case and we had quick-fire Q&A from a group of fund managers. Below we summarise our thoughts on each company, with more details inside, plus we include the slides presented by each management team. We believe all five companies have excellent potential and are happy to arrange further contact. We also look forward to setting up our next speed dating event.
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22 Jun 17
N+1 Singer - Morning Song 22-06-2017
Carador Income Fund (CIFU LN) Level of refinancing and reset activity remains high | Imagination Technologies Group (IMG LN) No progress with Apple; Whole group for sale | Uncovered Gems - Speed Dating Lunch Another five sparkling gems
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22 Jun 17
Small Cap Breakfast
Shearwater Group—Schedule 1. Acquiring SecureEnvoy for £20m in cash and shares—a provider of multifactor authentication enterprise software solutions. RTO under the AIM rules. ADES International— Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa, seeking raise up to $170m plus vendor sale under a Standard Listing of the Main Market. Admission due May 2017. Global Ports Holding—Intention to float on Standard List of the Main Market. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected on AIM 3 May. RTO of Escape Hunt raising £14m at 135p. Verditek— Schedule 1 update. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Issue price 10p. Admission in May. Tufton Oceanic Assets– Offer extended to 9 May on specialist funds segment of Main Market to enable investors to complete further due diligence.
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02 May 17
TMT Update 27.03.17 (BOOM.L, ACC.L, ECSC.L, MMX.L, CNIC.L)
Audioboom (BOOM.L, 2.5p/£16.7m) Initiation and proposed placing: Podcasting goes mainstream (21.03.17) | Access Intelligence plc (ACC.L, 4.5p/£12.9m) Disposal: Focus on reputation management (21.03.17) | ECSC Group (ECSC.L, 295p/£26.5m) Finals: Expansion underway (22.03.17) | MMX (MMX.L, 8.75p/£61.1m) Trading update: .vip expanded (21.03.17)
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27 Mar 17
ACCESS INTELLIGENCE (ACC LN) | EVGEN PHARMA PLC (EVG LN) | GAEC EDUCACAO SA (ANIM3 BZ) | NEWMARK SECURITY (NWT LN) | ONCIMMUNE HLDGS PLC (ONC LN) | ONE MEDIA GROUP LTD (426 HK) | PUBLIC SERVICE PROPERTIES IN (PSPI LN) | SHANTA GOLD LTD (SHG LN) | TRACSIS PLC (TRCS LN)
ACC NWT ANIM3 TRCS 426 PSPI ONC SHG EVG
17 Aug 16