AMTE Power, a developer and manufacturer of lithium-ion battery cells for specialist markets, announced its intention to seek admission to trading on AIM. Admission is expected to take place during March 2021. The Company intends to raise approximately £7 million by way of a placing of new ordinary shares in the capital of the Company. Timing TBC.
Samarkand Group Limited, the cross-border eCommerce technology and retail group opening up the world's largest market for brands and retailers, in
Companies: MSYS SUN PYC SML EBQ SNG ADV LTG NET SWEL
FRP Advisory Group, UK professional services firm specialising in restructuring advisory. Raising £80m (£20m primary). Expected market cap £190m. Compound annual growth of 16.4 per cent. in revenue and 10.9 per cent. in operating profit since the beginning of FY17.o Strong average EBITDA margins of 51 per cent. over FY17 to FY19, and consistently strong cash conversion
Companies: CGNR ANIC JNEO TPG OTMP NET BPC ATQT
The Pebble Group, a provider of products, services and technology to the global promotional products industry, announces its intention to seek admission of its shares to trading on the AIM market of the London Stock Exchange, which is expected to take place in early December 2019.The Group delivered revenue of £99.8m in the year ended 31 December 2018.No mention of bottom line and a suggestion that funds raised would provide an exit to private equity shareholders and the repayment of debt. Offer
Companies: SECN NET PCIP TAVI PRSM ANR EOG GRP INFA NSCI
Bill McDermott stood down on Friday after a decade building up SAP as the world's leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein. SAP announced the management overhaul, with immediate effect, after rushing out third-quarter results that showed it gaining traction in its drive to offer a more streamlined range of services and boost profitability. The company’s stock has climbed 21% this year.
Companies: NAPS TRAK CPX CALL ECK IMMO LOOP NET SEE TCM TRCS QTX VRE
Devoted Health, a start-up health insurer targeting seniors with its private Medicare plans, says it is the first to offer Apple Watch as a fitness benefit to its members. Apple has been talking to plans like Devoted for months, as CNBC previously reported, about subsidizing the cost of Apple Watch. For Apple, working with Medicare Advantage plans offers a big potential boost to device sales because seniors are increasingly adopting smartphone technologies and therefore might be interested in a
Companies: CALL ECK LOOP NET
Stripe Inc said on Thursday it is raising $250 million in its latest funding round, which values the payments start-up at $35 billion, a dramatic 56% surge from a previous valuation at the start of the year. The latest valuation puts Stripe in the same league as home rental giant Airbnb Inc, which is also planning go public in 2020. Stripe has received strong positive feedback from our private FinTech contacts. Meanwhile, the IPO pipeline for 2020 is already heating up.
Companies: CALL TRAK BGO BOKU ECK EQLS LOOP NET QTX SEE TECH TCM TRCS
VMware said on Thursday it bought two providers of cloud security and cloud developer services in separate deals valued at about $5 billion, as it expands offerings for corporate clients. VMware bought Pivotal Software Inc in a $2.7 billion deal. Separately, VMware said it would buy software maker Carbon Black Inc for about $2 billion in cash.
Companies: CALL KAPE AVST CNS DFX ECK ECSC FLX IGP LOOP NCC NET OSI SOPH
Renold plc—a leading international supplier of industrial chains and related power transmission products, announced that it will cancel the listing of the Company from the premium segment and apply for admission on AIM. Expected 06 June 2019. Alumasc Group plc, the premium building products, systems and solutions group, has announced its intention to move from the Premium Segment of the main market to AIM. Expected market cap of £33.4m. Expected 25 June 2019
Companies: ALBA NET IKA PRTC SPSY ITX AVAP RDT CGNR VDTK
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.
Circassia Pharma (CIR.L) - specialty pharmaceutical company focused on respiratory disease transferring from the Main Market. No funds being raised. Due 4 Feb.
Greenfields Petroleum (TSX-V:GNF) production focused company with operated assets in Azerbaijan seeking AIM dual listi
Companies: W7L MRS TOT NET ANP BRY ALSP ARCM CFX
Gfinity plc* (GFIN.L, 8.15p/£23.5m) Proposed placing and trading update: further strong growth | CAP-XX plc* (CPX.L, 11.15p/£33.5m) Finals: Positive outlook for licensing and own product sales | The Character Group plc* (CCT.L, 508p/£107.4m) Investment extends European reach | Netcall plc* (NET.L, 61p/£87.2m) Prelims - Low-code investment programme |
Companies: GFIN CPX CCT NET
Jadestone Energy (JSE.TO)—an independent oil and gas production and development company focused on the Asia-Pacific region. Pro-forma production of 13.9 mboe/d, 2P reserves of 45.3 MMboe, and a 2P NPV10 of US$563.7 million . Offer TBA. Current mkt cap C$135m. Due early August.
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
Companies: BMS EQT VCP SYM NET ARIX VAST OXB MTR
Gfinity plc* (GFIN.L, 13.5p/£38.7m) Elite Series: Domino's secured as presenting partner (25.07.18) | Audioboom plc* (BOOM.L, 2.1p/£24.4m) Deferred placing completed (26.07.18) | MTI Wireless Edge plc* (MWE.L, 23.5p/£12.6m) Further progress on proposed merger (26.07.18) | Kape Technologies plc (KAPE.L, 129p/£183.1m) H1 trading update, disposal and acquisition: Building the recurring revenue base (26.07.18) | Netcall plc (NET.L, 71.5p/£101.2m) FY pre-close: Matsoft gaining traction (24.07.18)
Companies: GFIN MWE KAPE NET BOOM
CAP-XX plc* (CPX.L, 9p/£26.8m) Note published: Interims: Steady growth in H1 (06.03.18) | Mirada plc* (MIRA.L, 0.8p/£1.1m) Interim funding: Further working capital to support deployments (07.03.18) | Netcall plc (NET.L, 43.3p/£61.8m) Interims: MatsSoft showing promise (07.08.18)
Companies: CPX NET MIRA
City law firm Rosenblatt reported in the press to be considering a London listing. The commercial firm had a reported revenue of £16m in 2017
VR Education Holdings—a virtual reality software and technology company. Raising £6m at 10p, mkt cap £19.3. 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
Companies: PNS ANP NET HZM NTOG AGY KAPE TYMN MIRA
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.
Companies: GFIN CPX NWT NET ACC
Research Tree provides access to ongoing research coverage, media content and regulatory news on Netcall plc.
We currently have 65 research reports from 5
Kromek has been awarded a $6m contract extension from DARPA for the Phase II development of a biological threat detection system. The 28 month milestone based contract will account for a material amount of our forecast incremental revenue growth in 2022E. We believe the commercial value of the system once rolled out could provide a revenue opportunity materially in excess of the development value awarded to date.
Companies: Kromek Group Plc
Tern plc* (TERN.L, 23.75p/£78.5m) | CAP-XX Ltd* (CPX.L, 8.15p/£36.0m) | MTI Wireless Edge Ltd* (MWE.L, 64.5p/£57.1m) | Newmark Security plc* (NWT.L, 1.2p/£5.6m) | Blackbird plc* (BIRD.L, 32.0p/£107.9m)
Companies: TERN CPX MWE NWT BIRD
In today’s AGM statement, the Board reported that all divisions are “trading well” and the company is “performing in line with expectations in the year to date”. We are encouraged by the progress of Secret Mode, Sumo’s new publishing division, and see the potential for it to drive the company’s valuation higher. The company’s own-IP game, “Hood” appears to be performing well and could support margin and profit outperformance. Cash generation has been strong and supports a strong net cash outlook
Companies: Sumo Group Plc
Pelatro has raised £2.15m in an equity Placing to fund an expansion of a new service line in mobile advertising. This is an adjacent product space to which the core data analysis business is able to direct traffic for targeted marketing purposes. The beneficial impact of this expansion should be felt from 2022E onwards.
Companies: Pelatro Plc
SmartSpace has signed a new international customer agreement with global airline caterer and hospitality services provider, Gategroup. The contract involves the deployment of SwipedOn’s Visitor Management solution across Gategroup’s international estate. The contract covers an initial 150 sites with the potential to expand to 200 locations globally in 60+ countries/territories. SwipedOn will be deployed immediately in the UK, Europe, USA and Australiasia. SMRT expects 100% of the revenues earned
Companies: Smartspace Software Plc
D4t4 has launched its new Celebrus Fraud Data Platform (FDP), expanding its range of addressed markets from customer experience (CX) into the adjacent fraud detection and prevention market, worth >$18bn annually. This is a huge and exciting new opportunity; a TAM potentially bigger than its original. The launch follows two years of design and development and £1.5m of previously expensed investment. A natural extension of the identity functionality recently added with Celebrus CDP v.9.4; the gran
Companies: D4t4 Solutions plc
As midsummer’s day looms (where has this year gone?), there is greater optimism, in general, than may have been anticipated a few months ago. A post-pandemic, ‘vaccine-driven’ recovery demonstrated by increased consumer spending as lockdown measures are lifted has been one of the catalysts. The FTSE 100 has been range-bound in the last month 6,900-7,100. We have seen a combination of broadly positive company results across a range of sectors, further examples of M&A activity and a sequence of ne
Companies: AMYT ARBB ARW BAG BEG BONH BWNG CWK DNK EML EPWN FBD FA/ GPH GSF GNC HUW IGC INSE KAPE KP2 MMAG NRR NESF OTMP ROL RUA SEN SUR TON TOU TXP TGL VLS WINK
Once the world is fully vaccinated, many investors incorrectly assume there will be no need for covid testing. Wrong. More contagious & deadlier variants are sure to appear, together with perhaps totally new infectious diseases that might even trigger another pandemic. Equally, the danger posed by deliberate (re rogue states, organised crime &/or terrorism) &/or even accidental (say a lab) biological release of harmful pathogens into the environmental isn’t going away anytime soon. The US govern
Finals to March 2021 were pre-empted by the April trading update, which detailed the cash generation 10% ahead of original expectations, derived from EBITDA margins close to expected (37% vs 38%E) but pressure on headline revenue from COVID effects. Non-recurring revenue fell 32% to £11.6m, with the effect of restraining cloud services revenue to appear flat, despite 7% growth in recurring managed services revenue. The post year end CMD introduced the strategic vision for growth under new CEO (O
Companies: iomart Group plc
GB Group (GBG) reported FY21 results substantially in line with our recently upgraded forecasts. In a difficult year, GBG managed to grow revenue by 9% (12% on an organic basis) and EPS by 21% while repaying all debt. Management has returned to a growth footing, investing in product development and sales capacity while continuing to seek acquisitions that could expand product or market coverage. We have upgraded our normalised diluted EPS forecasts by 3.1% for FY22 and 2.0% for FY23 and introduc
Companies: GB Group PLC
The highlight of FY21 was continued strong growth in US Secpay, with revenues up 57% yoy to $12.8m and now representing >32% of group sales. As such Eckoh contains one of the fastest growing technology businesses in the UK, with the size of this business now very much moving the needle. Eckoh’s Cloud offering (>50% of new contracts by value) and remote SecPay offerings found particular favour in the period, with on premise business having been hindered by lockdowns. We continue to feel that Ecko
Companies: Eckoh plc
Filtronic’s post-close trading update notes that management expects improved trading during H221 to result in FY21 revenues of c £15.6m, in line with our estimate. It expects a favourable sales mix at higher margins to generate c £1.8m EBITDA, which is slightly ahead of our previous estimate.
Companies: Filtronic plc
Idox had previously announced that its continuing operations (excluding the disposed Content businesses) produced H1 2021E revenue and adjusted EBITDA of £31.1m (up 4% on H1 2020) and £10.1m (up 17%) respectively in the six months to the end of April 2021. The interim results also show that Idox continued to deliver on its strategic aims and ended the period with a strong balance sheet following the disposals. To us, Idox looks very well placed to continue good organic growth and to seek complem
Companies: Idox plc
In December 2020 Access Intelligence revealed its plan for global expansion focused on North America and Asia Pacific. Having built organically on the existing US beachhead and client base, the group now has the opportunity to acquire Isentia, the leading media intelligence solutions provider in APAC, and deliver an immediate and significant boost to global reach and presence. Through a £52m fundraise @120p to acquire Isentia, Access will boost recurring revenue, and expand forecast FY22 EBITDA
Companies: Access Intelligence Plc
The UK market showed a continued recovery in the first quarter albeit the indices are still well short of their all-time peaks, unlike many of their international peers. The FTSE 100 has risen by 1,186 points (21.4%) since the end of October and the FTSE 250 by 4,304 points (25.0%). The comparable performance since the start of the year is less spectacular- the FTSE 100 has risen by 253 points (3.9%) and the FTSE 250 has risen by 1,070 points (5.0%). The factors behind the sustained rally are fa
Companies: AMYT ARBB CEG BAG BVC BEG BONH BLVN BRSD CML CWK CRPR EYE ECHO FDM FAR FA/ GPH GSF HUW INSE JDG KAPE KP2 MACF MPAC MNZS NESF NBI OTMP OBD PREM QFI RUA SCS SEN SOS SUR TON TOU TXP TGL TCN UEM VLS WYN