TEK reported solid results for H1 2021 for the period ended 31 May 2021.
Companies: Tekcapital Plc
Dish of the day
National World (NWOR.L) reintroduced on the Main Market (standard) of the London Stock Exchange following a suspension in December 2019 as a result of media speculation that the Company was considering acquiring JPIMedia Publishing Limited. The Acquisition of the JPI Group and the funds to implement the Company's plans for its development were financed by the Company's cash resources of £4.2m, the issue of £20m convertible secured loan notes and the issue of £1m of unsecured loa
Companies: AEG ALBA CMH SLNG LIFE SLE TEK TILS TGL
Boanerges Limited, announces an application of admission onto the Aquis Stock Exchange. The Directors believe that an opportunity exists to acquire and consolidate holdings in SMEs operating in the technology sector, with the intention of creating value for Shareholders. Initially, the Company's focus will be searching for companies which are based in the UK or Europe where there may be a number of opportunities to acquire interests in undervalued or pre-commercialisation technologies, or curren
Companies: XTR PGH REDX MIRA ECK EME TEK CRU BOD GTC
Innovative Eyewear, Lucyd's US operating company, has announced the start of a crowdfund in the US, seeking to raise up to US$500,000. The pre-money valuation for the fundraise has been set at US$20m.
Sivota (SIV.L), an investment vehicle focused on later-stage, reputable Israeli technology-related sectors has joined the Main Market (Standard). Raising £1m at £1. Mkt Cap £1.1m.
GENinCode (GENI.L) has joined AIM a UK-incorporated company engaged in the risk assessment, prediction and prevention of cardiovascular disease (CVD), the leading cause of death worldwide accounting for approximately 18m deaths annually. Raised £17m. Mkt Cap £42m.
Zenova (ZED.L) has joined AIM. The Company,
Companies: ACT ALBA ASTO DOTD GGP JADE KRM SFE TEK
Innovative Eyewear, Lucyd's US operating company, has signed a distribution agreement with a leading Canadian distributor of high-end eyeglasses for optical stores and eye glass professionals.
What’s cooking in the IPO kitchen?
CMO Group PLC, the UK's largest online-only retailer of building materials, announced its intention to seek admission to AIM. The Group currently operates seven specialist websites, Roofingsuperstore.co.uk, Drainagesuperstore.co.uk, Insulationsuperstore.co.uk, Doorsuperstore.co.uk, Tileandfloorsuperstore.co.uk, cmotrade.co.uk and Totaltiles.co.uk. Admission due early July.
Seraphine Group, intends to IPO on the Premium Segment on the Main Market. Seraphine, a
Companies: ALBA DEC FRAN FFWD LOK ORCP RLE RDT TEK WTE
Belluscura plc has announced the completion of its IPO and the Company shares have been admitted to the AIM market of the London Stock Exchange today, raising at total of £17.5m.
Belluscura plc intends to seek admission of its entire issued and to be issued share capital on the AIM market of the London Stock Exchange towards the end of May. The company will be seeking to raise £15m in a conditional placing of shares at a price between £0.42-0.48/shr, which is expected to translate to a post-money valuation of £50-55m.
Lucyd's US operating subsidiary, Innovative Eyewear, Inc. completed a crowdfunding on startengine.com offering equity to US investors at a US$1.00/shr based on a pre-money valuation of US$3.75m. New equity of US$1.07m was raised in total. Lucyd is expanding its sales and marketing team to drive market leadership in smart eyewear.
Guident Ltd. has successfully demonstrated its remote-control technology for autonomous vehicles (AVs). The technology is expected to be included in the remote monitoring and control centre (RMCC) to be launched later this year in Boca Raton, Florida US.
At the end of the period for F2020, TEK's total net assets were valued at US$32.7m, up from US$22.52m at Nov 30, 2019, growth of +45% y/y. Cash at 30 Nov 2020 was US$0.54m vs. US$0.47m at the end of F2019. We expect the current cash holding is ~US$3.0m, following the investments in portfolio companies.
Media reports suggest the UK DNA sequencing technology specialist, Oxford Nanopore is preparing a London float but disclosed no further details. The Company expects that the IPO would occur in the second half of 2021. IP Group, which has a 15% stake in Oxford Nanopore, currently values Oxford Nanopore at £2.3bn but analysts also suggest a valuation above £4bn at its next funding event. Thor Explorations (TSXV:THX) seeking a secondary listing on AIM. The Company is targeting Admission during Q2
Companies: SPA FFWD ZPHR PRM TEK GOOD IIG VDTK HUM THRU
Lucyd Ltd. has signed a distribution agreement with D. Landstrom Assoc. to expand the distribution of Lucyd Lyte™ Bluetooth e-glasses in North America.
Tekcapital plc announced that it has raised £3.8m at 10p/share in an oversubscribed placing from existing and new shareholders.
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Companies: Bango plc
Upon publication of VRE’s interim results, we use this note to re-visit the investment case for VRE, together with a re-initiation of forecasts. Confirming the positive newsflow on client gains and sales growth over the H1 period, VRE posted an 83% increase in turnover to €1.25, with ENGAGE revenues 50% up on the total achieved in 2020. Our forecasts show a three-year turnover compound average growth rate (CAGR) of 91% to €9.8m in 2023E, in line with the objective to reach €10m of ENGAGE revenue
Companies: VR Education Holdings PLC
Companies: Sensyne Health Plc
Companies: 1Spatial Plc
The Panoply has released a very strong trading update for the 5m to August which states trading is 'significantly ahead of expectations' and we raise our revenue forecasts by +7%. In the 5m period, the group secured c£50m of new contracts, nearly triple the £18m won in the same period last year and including a c£10m/5yr contract in the utilities sector. The Panoply is raising LFL revenue growth guidance from 10-15% to 15-20%, which feeds through to FY revenues of over £77m, compared with our pre
Companies: Panoply Holdings Plc
Companies: Luceco PLC
Blackbird has delivered a strong set of first half results, hot on the heels of a landmark deal post period, its first ‘Powered by Blackbird’ licencing contract. H121 revenue grew by 21% to a record £867k, despite the adverse dollar impact. The gross margin was maintained at 90.4% and cash burn only marginally increased (by £97k), despite investment in sales and R&D, leaving net cash at £5.7m. Management reiterated they are well funded to break even. Numerous new partnership deals have been anno
Companies: Blackbird PLC
Blackbird plc* (BIRD.L, 38.0p/£128.1m) First OEM licensing deal (07.09.21) | CAP-XX Ltd* (CPX.L, 6.15p/£31.3m) Contract win: Selected for Spire's Health Tag (07.09.21) | Newmark Security plc* (NWT.L, 21.75p/£76.5m) Finals: Resilient performance; positive outlook (10.09.21)
Companies: BIRD CPX NWT
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ at $1.34. One year on, the FTSE 100 has risen to 7,119, a rise of 21%, it remains 7% below the peak in January 2020. From an international viewpoint, US and European markets continue to trade at record highs. The US Federal Reserve is close to withdrawing some of its economic support this year as inflation picks up and the e
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National World has reported very strong interim results that were well ahead of our estimates and we raise our FY21 PBT forecast by +21%. Revenues were stronger than anticipated, with encouraging progress both in digital revenues and from the implementation of the group's strategy to localise and energise its print assets. This has been combined with swift action on costs as the group dismantled excessive central overheads and redeployed resource to local titles. The group is launching nine digi
Companies: National World PLC
A positive trading update from Audioboom Group plc, one of the leading independent podcasting companies, results in the fourth significant upgrade to forecasts this year as the company continues to outpace growth of the global podcasting industry. This performance has been driven by continued growth in the Audioboom’s content-focused expansion plan with growth in premium advertising inventory, increased demand and strong pricing, and increased back catalogue inventory created by Audioboom’s prop
Companies: Audioboom Group PLC
Solid results, strong pipeline, rising resilience and high-value acquisition:
Revenue was $18.6m, in line with expectations. H1 revenue represents 38% of our full year forecast, indicating an H2-weighted year as previously flagged. We expect tinyBuild to release seven new games in H2 compared to three in H1. Moreover, tinyBuild plans higher-profile releases in H2 (Potion Craft and Despot’s Game), which are already generating strong KPIs. EBITDA was $7.9m, slightly ahead of management’s expecta
Companies: tinyBuild Inc.
This is a positive 1H21 performance, seeing growth in all regions and customer segments, as well as a significant strengthening of the financial position; on track to meet profit expectations for FY21, and ahead on revenue forecasts. Dividends recommenced with the FY20 finals and now an Interim dividend of 0.2p has been declared (1H20: Nil). The financial strength also will allow Eleco to make substantial investment in its long-term growth in FY23 and FY24. Management is flagging investment in a
Companies: Eleco Plc
MAST Energy Developments (MED) is to IPO on the Standard List on 14th April 2021 under the ticker MAST. The company has raised £5m giving a market capitalisation on listing of c. £23m. MED is currently a 100% subsidiary company of AIM quoted, Kibo Energy*. MED was established to acquire and develop a portfolio of flexible power plants in the UK and become a multi-asset operator in the rapidly growing Reserve Power market. PensionBee has confirmed its intention to float on the High Growth Se
Companies: SYM CGNR EKF KBT GGP VLS TMO ECK B90 MDZ
EMIS reported H121 results ahead of board expectations and is on track to meet the company’s FY21 expectations. After a period of investment to develop the EMIS-X platform, and at least a year of diverting resource to support customers’ COVID-19 efforts, EMIS is now in a position to execute its growth strategy. Our revenue and adjusted operating profit forecasts are unchanged, with revenue growth accelerating to the lower end of the targeted medium-term 5–9% range from FY22.
Companies: EMIS Group plc