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AGM’s prelims confirm a solid year of progress with customer engagement and technology development continuing despite the challenges of COVID from early 2020. The results are in line with expectations, with the benefits of last year’s cost realignment being seen in reduced losses and effective cash management. The market opportunity remains significant, as reflected by continued growth in the pipeline. Commercial highlights include the promising partnership with Blocksil, which should support revenue growth over coming periods, as should the recent expansion of the distribution network.
Companies: Applied Graphene Materials Plc
Upon Admission to AIM, Nightcap will acquire The London Cocktail Club Limited (the "London Cocktail Club"), which is an
award winning independent operator of ten individually themed cocktail bars in nine London locations and one location in Bristol.
Offer TBC Due mid Jan.
HSS Hire Group, HSS.L transfer from Main to Aim. Mkt Cap c. £70m. Recently raised £52.6m. Leading supplier of
tool and equipment for hire in the United Kingdom and Ireland and has provided equipment hire services in the United Kingdom for
more than 60 years, primarily focusing on the B2B market. Due 14 Jan.
VH Global Sustainable Energy Opportunities plc, a closed-ended investment Company focused on making sustainable
energy infrastructure investments, today announces intends to launch an initial public offering of shares on the Official List
(Premium) of the Main Market of the London Stock Exchange. Due by Early Feb.
Companies: SAR CREO VRS JDG CCT MPAC ALS AVCT EAH GCM
UK Nov GDP and industrial output misses but construction output beats, China's Dec exports rise ahead of expectations
Companies: Elementis plc
US & German manufacturing PMI hits lowest readings since 2009, UK manufacturing PMI heads below 50, BorgWarner expects material financial impact from customer production halts
Companies: AVON CGS HAYD HEAD HILS JHD RNO SCPA TWD TRI ZTF SOM GHH
Applied Graphene Material’s (AGM’s) FY20 results show the beneficial impact of management’s decision in October 2019 to focus on dispersion and application technology to better support product development with those customers presenting the nearest-term revenue opportunities. Revenues increased by 66% year-on-year in FY20 to £83k and adjusted EBITDA losses narrowed by £1.5m to £3.1m. With three new customer products launched in FY20 and three launched so far in FY21, progress looks set to continue.
Treatt has performed well during FY20 despite the pandemic. There was strong momentum across the tea, health & wellness, and fruit & vegetables categories, and citrus markets recovered as expected. The strong growth across the non-citrus segments is resulting in a slightly reduced dependence on citrus (now 50% of sales). The UK relocation was slowed down as a result of the first lockdown, but the building work is now complete and the move will begin in mid-2021. While management report a strong start to the new financial year, the outlook is understandably uncertain: demand is not expected to return to normal levels before the end of FY21 or into FY22, though management is confident the business is in the best possible shape to face the uncertainty. The FY20 results demonstrate this, with a good cash performance and a 9% increase in dividends implying management’s confidence in the year ahead.
Companies: Treatt plc