LIBERUM: CityFibre Infrastructure Holding* - Recommended cash acquisition at 81p per share

Small Cap Breakfast

Kore Potash— advanced stage mineral exploration and development company whose primary asset is its interest in the Sintoukola Project, a potash project located in the Republic of Congo. ) Measured, Indicated and Inferred Mineral Resource of 5,953Mt at an average grade of 22.0% KCl. Offer TBA. Due end March. Perfomatrix PLC, a global end to end Performance Marketing technology and services company headquartered in the UK, is looking to join AIM in early April 2018, offer TBC Crusader Resources,

LIBERUM: CityFibre Infrastructure Holdings* - 2017 results in-line with expectations

LIBERUM: CityFibre Infrastructure Holdings* - BT's FTTP moves unlikely to have material impact

Small Cap Breakfast

CIP Merchant Capital—Closed ended investment Company. Sector focus oil & gas, healthcare, pharma, and real estate. Raising £55m. Due late Dec | Eqtec—Company with access to a proprietary advanced gasification technology used in industrial size power plants to convert waste into synthetic gas to generate electricity. Raising £1.6m. Mkt Cap £8.7m. Due late Dec. | 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. FYM

AIM Journal

BCA Marketplace and stevia sweeteners developer Purecircle are the latest former AIM companies to be moving into the FTSE 250 index. The changes take place on 18 December and will take the number of former AIM companies in the FTSE 250 to 20 – although Booker and Paysafe are being taken over.

LIBERUM: CityFibre Infrastructure Holdings* - Over £500m FTTH partnership with Vodafone

Small Cap Breakfast

Clean Invest Africa—Introduction due around 14 Nov. Vehicle established to identify investment opportunities and acquisitions in renewable and clean energy projects/companies or alternative technologies that are used in a socially and environmentally responsible way that will aid the development of the African continent. | 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 th

LIBERUM: CityFibre* - Transformational FTTH deployment plan

LIBERUM: CityFibre* - Favourable Tribunal ruling regarding Ofcom's BCMR

Small Cap Breakfast

ltus 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. AnimalCare—RTO of Ecuphar NV, a European animal health company. £30m raise. Ecuphar FY16 rev £68.4m, underlying EBITDA £8.9m. Due 13 July. Angling Direct -Schedule 1 from the specialist fishing tackle retailer in the UK . Raising £9m of which £7.4m new money. M

LIBERUM: CityFibre* - Placing and subscription offer

A worrying level of 2024 FCF guidance sweeps away the 11k in job cuts

Vodafone has reported an overall weak FY23 performance although in line with expectations. The worrying point is that FY24 free-cash-flow is expected to be down by c.20% yoy and lfl. Margherita della Valle has announced a plan to straighten out the group with 11k of job cuts. The stock is down by 3% this morning which is probably an opportunity to invest in Vodafone for the long term although caution on the FY24 free-cash-flow could dampen investor enthusiasm.

Hybridan Small Cap Feast - 23 Feb 23

23rd May 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 objectiv

Thunderclap in British telecoms

FY23 revenues and EBITDA were in line with expectations. The major news was that BT plans to shed more than 40% of staff. At the end of the decade the EBITDA could reach £11bn with the massive restructuring announced and capex could return to €3.5bn per year. EBITDA less capex could be multiplied by 2.5 and therefore also the dividend. This could value BT at 385 pence at that time. We maintain our opinion at Add on the stock.

Cenkos: Calnex Solutions plc -- FY23 Results

FY23A results showed another strong performance, with revenue and profitability up strongly. Documented component supply issues were well managed and scheduled orders were shipped on time. As indicated in the March update, some end-markets been adversely impacted by a more cautious economic outlook, translating into a delay of orders being placed from some customers, a scenario mirrored in recent market updates from sector peers such as Keysight, Viavi and Spirent Communications. However, Calnex

CyanConnode (CYAN LN) - Building the order book

The company has received an order for 600k smart metering modules for IntelliSmart’s project in Uttar Pradesh

Allenby Capital TMT Update - 22.05.23 - MWE.L, SEEN.L, NWT.L, MIRA.L

Please find a link to our weekly update covering themes that we feel that are of interest to investors and participants in the small and mid-cap TMT sector as well as commentary on recent newsflow.

Hybridan Small Cap Feast - 23 Mar 23

23 March 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 objectiv

Hybridan Small Cap Feast 14/12/22

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Celsius Resources intends to join AIM. Currently ASX listed, Celsius is a natural resources exploration and development company principally seeking to explore and develop potential world-class copper-gold assets in the Philippines and a cobalt asset in Namibia. Amount planning to raise and anticipated market cap TBC. Expected late December 2022. Smarttech247 Group intends to join AIM. The c

Hybridan Small Cap Feast - 13 Mar 23

13 March 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 objectiv

Growth Companies - Share & share alike Sell in May?

Morning Note – 19 April 2023

Morning Note – 18 May 2023

Hybridan Small Cap Feast - 17 May 23

17th May 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 objectiv

Allenby Capital TMT Update 27.08.19 (MWE.L, BIRD.L, MPAY.L, STAR.L, CCT.L)

MTI Wireless Edge Ltd* (MWE.L, 22.2p/£19.4m) | Blackbird plc* (BIRD.L, 10.8p/£31.2m) | Mi-Pay Group plc* (MPAY.L, 8p/£3.7m) | Starcom plc* (STAR.L, 1.25p/£4.3m) | Character Group (The) plc* (CCT.L, 425p/£90.8m) |