This Week's AIM Highlights 13th January 2023

Hybridan Small Cap Feast 20/12/2022

Joiners: No joiners today. Leavers: PCF Group has left AIM. What’s cooking in the IPO kitchen?** Quetzal Capital, to be renamed Tap Global Group, intends to join the AQSE Growth Market. Tap Global is an innovative and fully integrated provider of crypto settlement and fiat banking. It provides its customers with access to several major crypto exchanges through Tap Global’s app, allowing them to purchase up to 15 crypto assets and store them directly in the customer’s wallet. Tap Global also offe

SP Angel Spec Sits: Guident chosen for AV Shuttle Services (TEK LN)

The Boca Raton Innovation Campus (BRiC) in Florida selected Guident to provide an autonomous shuttle service.

Hybridan Small Cap Feast 14-11-2022

Dish of the day Joiners: Looking Glass Labs (NFTX) joins the Access Segment of the AQSE Growth Market. The company is engaged in digital agency specialising in immersive XR metaverse design, non fungible token architecture and virtual asset royalty streams. Looking Glass Labs is currently listed on the NEO Exchange (Canada). Market Cap £18.8m. EDX Medical Group joins the Access Segment of AQSE Growth Market. (Formerly TECC Capital plc) EDX operates a molecular biology and diagnostics laboratory

SP Angel Spec Sits: Positive Update from the CFO (TEK LN)

TEK's CFO provided an update on strategy and portfolio company progress.

SP Angel Spec Sits: MicroSalt® & Presty! ™ Foods (TEK LN)

MicroSalt® announced a partnership with Presty! ™ Foods to develop and roll-out low-sodium plate-ready meals under the Presty! brand.

This Week's AIM Highlights

SP Angel Spec Sits: MircoSalt® Salt Shakers Launch (TEK LN)

Salarius announced a product line expansion for MicroSalt®. Demand for MicroSalt®, as a low sodium salt alternative, has resulted in a new line of table salt shakers for direct to consumer and business sales starting 1 October 2022. MicroSalt® Salt Shakers are going to be launched at Expo Food Eas as part of: The Natural Products Expo being held 28 September to 1 October 2022 in Philadelphia, US.

Hybridan Small Cap Feast 23/09/22

Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Streaks Gaming plc, a UK-based provider of conversational gaming products intends to join the Standard Segment of the Main Market this autumn. The flotation is expected to value Streaks at approximately £10.2m (pre-money) and will make it the first LSE-listed "pure-play" conversational gaming company. Raising between £5-10m. Independent Living REIT plc, intends to float on the Premium Segment of the Main M

Tekcapital Portfolio Company Update: Belluscura

Tekcapital portfolio company Belluscura (LON:BELL) have provided an update on the roll-out of their portable oxygen devices, alongside the announcement of a distribution agreement with a leading US supplier. Tekcapital has a 14% stake in AIM-listed Belluscura, currently valued in the region of £11m.

SP Angel Spec Sits: Innovative Eyewear IPOs on Nasdaq (TEK LN)

Lucyd's Innovative Eyewear completes IPO on Nasdaq on 14 August 2022 issuing 980,000 new units at US$7.50 per unit, raising a total of US$7.35m. Each unit consists of one share and two warrants immediately exercisable at the issue price (US$7.50) with a 5-year expiry. The shares began trading on Nasdaq on 15 August 2022 under the ticker LUCY, and the warrants under the ticker LUCYW.

SP Angel Spec Sits: H122 Results Show Growing NAV (TEK LN)

TEK reported H122 financial results with an increase in net assets to US$77m +13% sequentailly. This translates to a a value of US$0.51/shr. The changes in NAV for the period are the increase in tangible value of Lucyd plc by US$9.7m and Salarius by US$1.6m, and a decrease in Belluscura by US$3.8m since 30 Nov 2021. As at 31 May 2022, TEK had cash of US$1.15m, which included a fundraise of US$2.5m (some of which was received post 31 May 2022). Funds are being used for working capital, and to sup

Hybridan Small Cap Feast 04/07/2022

Joiners: Re-admission of 888 Holdings to the Main Market following the reverse takeover of William Hill. Leavers: Umuthi Healthcare Solutions has left the Main Market. What’s cooking in the IPO kitchen? Immediate acquisitions (IME.L) is to re-join AIM via a Reverse Takeover of Fiinu Holdings Limited. Once complete the Company is proposing to change its name to Fiinu Group plc. Fiinu intends to be a provider of a consumer banking product, the Plugin Overdraft ®, which is designed to provide custo

Hybridan Small Cap Feast 25/05/22

Joiners: No Joiners Today. Leavers: Clipper Logistics has left the Main Market following a Cash takeover. What’s cooking in the IPO kitchen? According to news reports, The Very Group, is looking to float after calling off their plan for a £4bn IPO last year due to a volatile market. The ecommerce group is owned by the Barclays family. According to the Sunday Times, the retailer has offered incentives to senior leaders at the firm for pulling off a flotation, which the Barclays family now hope to

SP Angel Spec Sits: F2021 Financial Results (TEK LN)

At the end of the period for F2021, TEK's total net assets were valued at US$68.1m, up from US$32.7m at 30 Nov 2020 and US$51.1m at 31 May 2021, growth of +108% y/y and 33% since H12021. This translates to a net asset value of US$0.48 (F2020: US$0.26/shr on 127.2m shares o/s) or ~£0.39/share (1 USD:0.81 GBP), an ~11% premium to the current stock price.

Top Picks for 2023 - 2022 review and outlook for 2023

On 10 January last year, we set out our ten top stock picks for 2022, in what turned out to be a very poor twelve months for global equities, due to war, accelerating inflation, political instability and recession fears. Between 7 January 2022 and 31 December 2022, the AIM All-Share Index declined 30.0%, whilst the average performance of our ten top picks was -24.7%, a modest relative outperformance. In this note we discuss the performance of our 2022 top picks, equities trends in 2022, and our

LIBERUM: Bango* - Transformational 2022

Morning Note – 26 January 2023

Upgrades on the horizon

On the dot

Hybridan Small Cap Feast - 25 Jan 23

25 January 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

Encouraging signs

H1 numbers convince us that cons. numbers are likely to get gently nudged up over the coming 12 months. H1 revs growth of 9% compares to cons. FYJun23 forecasts of 8%. H1 adj. PBT is tracking in line at present but FCF looks ahead. DOTD expresses confidence in H2 demand and strategic direction. We suspect H222 was the nadir. Buy. PT 115p.

Hybridan Small Cap Feast - 17 Jan 23

17 January 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

FY22 Trading Update

National World has reported a strong Trading Update, we increase our PBT/EPS estimates by +11% for FY22 and +7% in 2023, with higher interest income, digital revenue & cost estimates.

Record FY22 revenues despite supply chain challenges

FireAngels year end update highlights record revenues of £57.4m (+32%, 2021: £43.5m), with an adj. LBT of £3.5m (2021: £3.5m), which is in line with our forecasts. The result would have been higher at £2.1m had the Group not incurred £1.4m of additional procurement costs due to supply chain challenges. Related to this, longer lead times resulted in a higher year end stock position, increasing net debt to £4.8m pre-leases (SCME: £3.6m). Encouragingly, there are early signs of supply chain challen

Morning Note – 27 January 2023

Hybridan Small Cap Feast - 23 Jan 23

23 January 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

FY22 Trading Update

Cambridge Cognition has released a strong FY22 update which indicates that revenues were ahead of expectations and from this higher base we raise our FY23 revenue forecast by +6%.

Hybridan Small Cap Feast - 19 Jan 23

19 January 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

Trading Update

TPXimpact has announced a Q3 update which indicates that trading was below expectations and it has lowered its guidance for the full year.