Small Cap Feast
Caribbean Investment Holdings. Incorporated in Belize . CIHL primarily operates financial services businesses through its subsidiaries The Belize Bank Limited and Belize Bank International Limited, both located in Belize and international corporate services through Belize Corporate Services Limited. CIHL shares are also traded on the Bermuda Stock Exchange. Lord Ashcroft holds 75%. No capital raise. Due 28 April. £36m . 2019 net profit US$ 10.7m
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24 Apr 20
Cenkos: Landore Resources Ltd -- BAM Resource Update
Landore has released the latest Mineral Resource Estimate for the BAM Gold Project in Canada. The 2019 drilling campaign resulted in the increase in Indicated and Inferred Resource by 7% (contained metal) above a cut-off of 0.3g/t Au compared with the Cube MRE from January last year. Modelling has increased the BAM Gold resource to: 31,083,000t at 1.02g/t for 1,015,000oz of gold including 21,930,000t at 1.06g/t for 747,000oz gold in the Indicated Category.
07 Jan 20
Cenkos: Landore Resources Ltd -- ‘in house' update to Resource underway
Landore's summer exploration programme has been completed and returned positive results from all areas which clearly established the continuance to the East and West of similar geology and geophysics to the BAM Gold deposit. Geochemistry results also returned elevated gold in soil values. All the results show that the BAM Gold Deposit could continue along strike East and West and the latest results have indicated a number of drill targets and supports extending the resource drilling in both directions from the BAM Gold Resource.
10 Dec 19
Small Cap Feast
MJ Hudson Group PLC, the financial services support provider to Alternatives fund managers and asset owners, is planning an AIM IPO. Deal details TBC but expected admission date mid-December. Octopus Renewables - Raising £350m. Will seek to provide investors with an attractive and sustainable level of income returns, with an element of capital growth by investing in a geographically and technologically diversified spread of renewable energy assets—Due 10 Dec. SulNOx Group - The Group has developed a methodology and process capable of emulsifying hydrocarbon fuels such as diesel and heavy fuel oil . By January 2014, following preliminary laboratory testing, SulNOx was in a position to suggest that its products resulted in up to a 50% reduction of Nitrogen Oxide (NOx) and a 90% reduction in particulate matter Due 17 Dec, mkt cap £42.3m.
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09 Dec 19
SP Angel . Morning View
Ariana Resources (AAU LN) – Due diligence at Salinbas | Bougainville – Vote on independence may enable restoration of production at historic Bougainville copper mine | Glencore (GLEN LN) – Investors line up to sue Glencore following share price fall on SFO investigation | Landore Resources (LND LN) – Soil sampling identifies additional drill targets at BAM gold project | Savannah Resources* (SAV LN) – Mining licence issued at Mutamba
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09 Dec 19
Cenkos: Landore Resources Ltd -- Soil Sampling Confirms Gold Along Strike
Landore's summer soil sampling results are in and show that the BAM Gold Deposit could continue along strike East and West. This means that the possibility of growing the deposit looks good from all aspects, including geology, geophysics, geochemisty and drilling.
09 Dec 19
Cenkos: Landore Resources Ltd -- Lamaune Mining Lease
Landore's 90.3% subsidiary, Lamaune Iron Inc has been granted two new 21-year (renewable) mining leases adjacent to the Company's Junior Lake Property in Ontario, Canada which is also covered by mining leases granted in 2008. The combined Landore and Lamaune Mining Leases cover a total of approximately 7,862 hectares and extend for 22 kilometres, encompassing all Landore's established mineral deposits and prospects. These include: the BAM Gold deposit; B4-7 Nickel-Copper-Cobalt-PGEs deposit; VW Nickel-Copper deposit (all NI43-101 compliant); the Lamaune Gold exploration target; and the Lamaune Iron deposit.
13 Nov 19
Cenkos: Landore Resources Ltd - BAM Gold Update
All assay results from the latest drilling campaign on the BAM Gold Deposit have now been received and continue to report similar gold mineralisation widths and grade to the existing BAM Gold Deposit with multiple instances of visible gold. Intersections included drill-hole 0419-713 reporting 12.87 metres at 3.23g/t Au including 1m at 28.60g/t Au. The BAM mineralised zone now extends for 3,600 metres from 400E to 4000E and remains open down dip and along strike to the east and the west.
21 Oct 19
Cenkos: Landore Resources Ltd - Funding
Landore raised £470,000 at 0.725p with existing holders to further fund the working capital of the Company and its exploration programme, which includes drilling to further extend the BAM Gold Deposit to the east and to test mineralisation identified by the ongoing exploration along the highly prospective area between the BAM Gold Deposit and Lamaune Gold Exploration Target.
18 Sep 19
Cenkos: Landore Resources Ltd - Summer Drilling Extends BAM
Landore has completed its summer drilling programme and intersected gold mineralisation of similar widths and grade to the existing BAM Gold Deposit with multiple instances of visible gold. Intersections included drill-hole 0419-701 reporting 17.78 metres at 1.08g/t and 0419-704 reporting 0.98 metres at 22.90g/t. The infill drilling campaign, 24 diamond holes core for 3,966 metres, should hopefully convert the inferred portion of the existing resource to Indicated for inclusion into an upgraded Mineral Resource Estimate and PEA scheduled for completion in Q4/19. With drilling aiming to confirm the inferred ounces and continuity of the deposit it is possible to use an extended case resource of 19.7Mt at 1.26g/t Au containing 800koz which generates a post-tax NPV5%, using a $1,300/oz gold price, of $123.7m (8p per share) and post-tax IRR of 26.9%. An additional 10 HQ diamond core holes were drilled along strike to the west of the BAM Gold Deposit extending the mineralised zone for a further 500 metres from 900E to 400E. Drilling intersected similar lithologies and mineralisation to the existing BAM Gold Deposit. The BAM mineralised zone now extends for 3,600 metres from 400E to 4000E and remains open down dip and along strike to the east and the west.
04 Sep 19
SP Angel – Morning View
KEFI Minerals* (KEFI LN) – Tulu Kapi development works start scheduled for October | Landore Resources (LND LN) – BAM drilling results | Orosur Mining* (OMI LN) – Annual business review and results | Premier African Minerals* (PREM LN) – Loan repayment extended until 31st January 2020
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04 Sep 19
Majors Mining News: o Codelco sweetens contract offer in bid to end mine strike o Polymetal Voro plant fully certified | Juniors/Mid-market News: o Anglo Asian Mining Aeromagnetic survey update o MC Mining HCC offtake signed o Beowulf management update o W Resources operational update o Ormonde 2018 FY Results o Landore Resources 2018 FY Results | Mining Regulatory News: o US senators, coalition escalate complaints on Canadian province mining pollution | Commodity News: o Copper price surges as supply worries return
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19 Jun 19
Majors Mining News: Judgment reserved in Vedanta's application to join KCM proceedings; Juniors/Mid-market News: Avesoro operational update; Arc Minerals commencement of drilling in Zambia ; Landore Resources drilling and exploration programme commences; Altus Strategies exploration update. Ethiopia; Galileo Resources rare earths project update; Mining Regulatory News: Europe researches, miners work on social licence to operate framework; Commodity News: China kicks off national survey of rare earth resources amid threats of supply curbs; The Big Copper Short is back as macro fears return: Andy Home
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12 Jun 19
SP Angel – Morning View
Altus Strategies* (ALS LN) – New gold prospect discovered at Daro | ARC Minerals* (ARCM LN) BUY – Drilling starts on large Cheyeza copper target in Zambia | Avesoro Resources (ASO LN) – Youga processing suspended while negotiations continue | IronRidge Resources* (IRR LN) BUY - Target Price 52p – Acquisition of Vavoua projects in Ivory Coast | Landore Resources (LND LN) – BAM drilling underway
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12 Jun 19
Cenkos: Landore Resources Ltd - Funded
Landore has raised £1m at 0.7p placing 11.87% of the Company. The net proceeds of the Fundraising will allow the Company to complete a 4,500m drilling programme. This has been designed to increase the Base Case in-pit mineralisation from 515,000 ounces gold to over 800,000 ounces gold as in the extended case and so confirm the $123.7m NPV5%. The BAM gold deposit has a Resource of 951,000 oz at 1.03g/t gold (incl. 701,000oz Indicated). Cube also reported a further 441,000oz gold, ‘Unclassified' material at 0.93g/t modelled potential mineralised material in target areas adjacent to the current delineated. Converting the Unclassified material to Inferred or better could increase the total resource base to 1.4Moz. The work programme includes ground geophysics and geochemistry to define exploration targets along the strike from the BAM Gold Deposit to show the potential extent of targets as mineralisation is open along strike. The fundraising also provides sufficient working capital, for a period of at least six months, to evaluate all options to maximise shareholder value, including a possible joint venture arrangement.
04 Jun 19
Cenkos: Landore Resources Ltd - BAM PEA Positive
Landore has released its Preliminary Economic Assessment of the BAM gold deposit in Canada by Cube Consulting which shows the robust economics of the deposit at this early stage. Based on a $1,300 gold price, the base case generates a post-tax net present value of $69.2m (5.1p per share) at 5% discount rate and post-tax IRR of 22.4% for 12.7Mt at 1.26g/t Au containing 515koz Au. With additional drilling to confirm the inferred ounces and continuity of the deposit it is possible to use an extended case resource of 19.7Mt also at 1.26g/t Au containing 800k oz which generates a post-tax NPV5% of $123.7m (9.2p per share) and post-tax IRR of 26.9%.
20 Feb 19
SP Angel – Morning View
Anglo Asian Mining (AAZ LN) BUY – 96p (from 108p) – Earnings update | Glencore (GLEN LN) – Glencore claim record EBITDA on strong copper mine performance | Landore Resources (LND LN) – BAM Gold Preliminary Economic Assessment | Pan African Resources (PAF LN) – Earnings climb as operations refocus on profitable ounces | Transense Technologies plc (TRT LN) – 2nd mining contract announced this week for mining heavy truck tracking & tyre pressure monitoring
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20 Feb 19
Small Cap Feast
United Oil & Gas (UOG.L) an oil and gas exploration and development company brought to the Official List (Standard Segment) in July 2017 by way of a reverse takeover of Senterra Energy plc. No capital to be raised, expected market cap of £17m and expected 28 Feb 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.
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05 Feb 19
Cenkos: Landore Resources Ltd - BAM Mineral Resource Estimate Update
The new Mineral Resource Estimate (MRE) modelling has significantly increased the BAM Gold resource to: 28,826,000t at 1.03 g/t for 951,000 ounces of gold including 20,198,000t at 1.08g/t for 701,000 ounces gold in the Indicated Category. We believe that Landore is currently undervalued and with 951,000-ounce Resource and a PEA due soon the potential for a rerating is clear. As such we value Landore as a BUY and one to watch as the PEA is completed. In addition, the estimation work has also modelled potential mineralised material in target areas adjacent to the current delineated deposits for a possible 14,761,000t at 0.93g/t ounces gold for a further 441,000 ounces gold, in the ‘Unclassified' material category.
08 Jan 19
Cenkos: Landore Resources Ltd - BAM extended again
The BAM Gold mineralised structure has been confirmed by drilling over a 3km strike length, from 950E to 4,000E, and remains open to the east, west and down dip. Results from the exploration drilling programme, approximately one kilometre to the east of the currently defined Mineral Resource included significant gold intersections such as 26.2 grams per tonne gold over 1.02m at approximately 55m depth (77m downhole). The final assay results of the summers drilling program on the BAM gold deposit have been received and will be collated for inclusion in the Resource update due in Q4.
24 Oct 18
Cenkos: Landore Resources Ltd - BAM update
Drilling at Junior Lake has successfully identified a second significant gold mineralised zone in the “gap”, 400m along strike to the west of the existing BAM Gold Deposit. The new mineralised zone extends for 500m length from 1500E to 1000E and has been drilled to a vertical depth of approximately 220m. The zone remains open to the west and at depth. The recently completed drilling successfully intersected widespread gold mineralisation of similar widths and grade to the existing BAM Gold Deposit with multiple instances of visible gold. Intersections included drill hole 0418-664 reporting 31.24 metres at 1.30g/t and drill hole 0418-665 reporting 1 metre at 28.80g/t.
24 Sep 18
Cenkos: Landore Resources Ltd - New models on old data
Landore has increased its mineral resource estimate based only on the 2015-17 drilling by over 50% following remodelling by Cube Consulting. The new MRE modelling has increased the BAM Gold resource to: 18,588,000t at 1.04g/t for 623,000 ounces of gold including 13,864,000t at 1.09g/t for 486,000 ounces gold in the Indicated Category. This upgrade does not include any data from the current 12,000m drill programme. In addition, the estimation work has also modelled potential mineralised material in target areas adjacent to the current delineated deposits for a possible 24,241,000t at 0.88g/t ounces gold for 686,000 ounces gold, in the ‘Unclassified' category. The current drilling is aimed at advancing the BAM East Gold deposit to a + one million ounce gold resource and preliminary economic assessment on the project in Q1/19, plus a further 1000m of exploration drilling.
07 Aug 18
Cenkos: Landore Resources Ltd - Filling
Landore are currently drilling a 12,000m drilling programme aimed at advancing the BAM East Gold deposit to a + one million ounce gold resource and complete a technical and preliminary economic assessment on the project, plus a further 1000m of exploration drilling. Landore has drilled every 100m from 1100E to 1900E in the 900 metre gap between the BAM East Gold Deposit and the original BAM Deposit. So far Landore have drilled from near surface to approximately 125m vertical depth and plan to continue to 250m vertical depth. The drilling has intersected widespread gold mineralisation within a similar lithological package and grade to the two deposits with multiple instances of visible gold and clearly shows the potential to add ounces.
17 Jul 18
Filling the Gap
Landore are currently drilling a 12,000m drilling programme aimed at advancing the BAM East Gold deposit to a + one million ounce gold resource and complete a technical and preliminary economic assessment on the project, plus a further 1000m of exploration drilling. Landore has drilled every 100m from 1200E to 1900E in the 900 metre gap between the BAM East Gold Deposit and the original BAM Deposit. The drilling has intersected widespread gold mineralisation within a similar lithological package to the two deposits with multiple instances of visible gold and clearly shows the potential to add ounces.
30 May 18
Small Cap Breakfast
Stratmin Global Resources RTO of Signature Gold a specialist Australian gold exploration company focused on the exploration and development of large-scale Intrusion Related Gold System. Offer TBA. Due 4 June. Will leave AIM under rule 41.
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30 May 18
Landore recently raised £3.15m (C$5.65m) at 1.5p to complete a 12,000 metre drilling programme aimed at advancing the BAM East Gold deposit to a + one million ounce gold resource and complete a technical and preliminary economic assessment on the project plus a further 100m of exploration drilling.
18 Apr 18
Small Cap Breakfast
Fundamentum Supported Housing REIT. Raising £150m. Focussed on UK Social Housing assets. Due 2 May Vivo Energy—retailer and marketer of Shell-branded fuels and lubricants in Africa, Due in May. 100% secondary sell-down of existing Shares by Selling Shareholders, No new Money. Pricing TBA Gore Street Energy Storage Fund—Seeking to raise £100m for the purposes of investment in a diversified portfolio of utility scale energy storage projects. Due 12 April. Odyssean Investment Trust—Raising £100m at £1. Due 1 May. The Company will primarily invest in smaller company equities quoted on markets operated by the London Stock Exchange.
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11 Apr 18
SP Angel – Morning View
Atalaya Mining (ATYM LN) – Increasing Q1 production keeps production guidance on track | Bushveld Minerals* (BMN) – BUY – Target price 18.28p – Delivery of Vanadium Redox Flow Battery and electrolyte plant has potential to rerate Bushveld | Horizonte Minerals (HZM LN) – Water Permit for the Araguaia Project | Landore Resources (LND LN) – Resources estimate for Bam East Gold deposit at Junior Lake
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11 Apr 18
BAM! Landore goes for Gold
Landore is an exploration company listed in London on AIM with its focus on its Junior Lake property, Ontario, Canada. Its BAM East gold deposit has a NI 43-101 Resource estimate of 400,000 ounces of Gold at 1.37g/t released in December 2017 following drilling the discovery hole in December 2015. Preliminary metallurgical tests reported simple processing path with 97-99% recovery giving a low capex and opex. Plan to advance the BAM East Gold Deposit to + one million ounce gold resource and commence a preliminary economic assessment in 2018.
20 Dec 17
Small Cap Breakfast
Erris Resources PLC—a mineral exploration and development company currently focused on two geographic areas. Offer TBC, expected 21 December 2017 CIP Merchant Capital—Closed ended investment Company. Sector focus oil & gas, healthcare, pharma, and real estate. Offer TBA. Due 21 Dec Panthera Resources— The Company was established to act as a holding company for Indo Gold Limited, an unlisted Australian registered company. The Company aims to explore and develop gold assets in India and West Africa. Offer TBC, expected 20 Dec Sumo Group—one of the UK's largest independent developers of AAA-rated video games providing both turnkey and codevelopment solutions, including initial concept and pre-production . Offer TBC. Due late Dec Pelatro—provider of proprietary software solutions to enterprise-level customers for various aspects of precision marketing for use in B2C applications. Offer TBC, expected 19 December 2017 Fusion Antibodies—contract research organisation providing services to biopharmaceutical and diagnostics companies that are involved in the development of antibodies for both therapeutic drug and diagnostic applications. Offer TBA. Due Mid Dec. Sirius Petroleum—RTO. Becoming an operating company in the Ororo Field in Nigeria. Raising £7.2m/ Mkt Cap £35.6m. Due 19 Dec. Bushveld Minerals—RTO of Bushveld Vametco and therefore 78.8% of Strategic Minerals Corporation, the intermediate holding company that owns a 75 per cent. interest in the Vametco Vanadium Mine. Range Resources— oil and gas company listed on the ASX plans to admit to AIM on 13 Dec with mkt cap of £17.4m. Acquiring Range Resources Drilling Services Limited, an oil services business based in Trinidad & Tobago with extensive drilling capabilities. 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 21 Dec. Volex VLX.L—The global provider of cable assemblies is proposing to move from the main market to AIM on 19 January. £71m market cap. FYMar18E rev £241.5m and £7.19m PBT Miriad Advertising—Global video advertising company incorporated in 2015 and is engaged in the development of native invideo advertising. 2016 rev £0.7m and £7.3m operating loss. Offer TBA. Expected 19 Dec. OnTheMarket—Intention to float on AIM to raise c.£50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m.
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11 Dec 17
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 three year CAGR from FY14 to FY16 of 34.9% and 44.8% respectively, and an EBITDA margin of 14.7% in FY16. Due Nov. | Boku - Independent direct carrier billing company. Revenues were up 21% to US$10.2 in HYJun17. Q32017, revenues grew to US$6.5m, up by 44%. The Company also saw continued growth across all of its key metrics: user numbers, total payment and a positive adjusted EBITDA for the month of September 2017. Due 20 Nov. Offer TBA. | Ten Lifestyle Hldgs. Technology-enabled lifestyle and travel platform providing trusted concierge services to the world's wealthy. Net revenue increased from £20m in the year ended 31 August 2015 to £33m in the year ended 31 August 2017, a compound annual growth rate of 29%. Offer and date TBA. | AfriTin Mining—Demerger from Bushveld Minerals (BMN.L). Offer TBA. Due 8 Nov. The Uis Tin project (Namibia) is considered the flagship tin asset within the portfolio, as this was once the largest open cast tine mine of its kind in the world. Expected 8 November 2017 | OnTheMarket—Intention to float on AIM to raise c.£50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. | OG Graphite, brownfield development-stage graphite company focused on the reactivation of its wholly-owned Kearney natural flake graphite mine and mill located 280 km north of Toronto, Canada. Offer TBA, expected mid November. | Shefa Yamin minerals company focused on the exploration for precious stones in Northern Israel. Net Proceeds will be used to advance the Company's mining project. Offer TBA. | Cabot Credit Management -one of the largest credit management services providers in Europe and the market leader in the UK and Ireland with total 120-Month ERC of £2.2bn. Raising c.£195m. Offer TBA. Due November. | ContourGlobal LP— contracted wholesale power generation businesses, with 69 thermal and renewable power generation assets in Europe, Latin America and Africa. In the year ended 31 December 2016 it generated $905.2m of combined revenue and $440.4m of Adjusted EBITDA. Raising c.$400m. Expected November. | M7 Multi-Let REIT—Intends to raise up to £300m at 100p. Aims to acquire and hold a portfolio of UK regional light industrial and regional office assets diversified by geography, asset type and tenants that is expected to generate stable income returns and, where appropriate, offer the potential to leverage and enhance returns through active asset management initiatives. Due 13 Nov. | En+, international vertically integrated aluminium and power producer with core assets located in Russia. Priced at $14 per GDR. $1.5bn offer of which $0.5bn primary to pay down debt. Dual listing in Moscow. Unconditional dealings 8 Nov. | TMF Group , which provides tax, admin and legal support services, reported to be seeking London IPO to raise c. £200m.
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06 Nov 17
Small Cap Brunch
Alpha Financial Markets Consulting— Global provider of specialist consultancy services to the asset and wealth management industry. Due Oct. Revenue of £6.7 million for the year ended 31 March 2011 to £43.6 million for the year ended 31 March 2017. Offer TBA. Due 11 Oct. Cora Gold— West African focused gold exploration business, significantly enlarged by the amalgamation of the gold exploration assets in Mali and Senegal of Hummingbird Resources and Cora Gold's former parent, Kola Gold. Due 9 Oct. Offer raising £3.45m at 1.65p, mkt cap £9.07m City of London Group (COLG) - Sch 1—RTO of Milton Homes Limited, an equity release provider which has a UK residential property portfolio of 586 properties with a market value of approximately £77 million as at 30 June 2017. Offer TBA. Due 5 Oct Springfield Properties—Scottish housebuilder. “Our turnover exceeded £100 million for the first time this year and now we employ around 500 people. This IPO is the next step in our growth.” Expected Mid October. Offer TBA. OnTheMarket—Intention to float on AIM to raise c.£50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m.
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04 Oct 17
Small Cap Breakfast
Springfield Properties—Scottish housebuilder. Intention to float. Offer TBA “Our turnover exceeded £100 million for the first time this year and now we employ around 500 people. This IPO is the next step in our growth.” | Warehouse REIT - The Company will invest in a diversified portfolio of UK warehouse assets located in urban areas. The Company is targeting a dividend yield of 5.5p equivalent to a yield of 5.5 percent. for the year ending 31 March 2019. Issue price 100p. Offer TBA. Due 20 Sep | OnTheMarket—Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. | People’s Investment Trust—Objective of sustainable wealth creation. Also to list on the Social Stock Exchange. Targeting £125m raise on 17 Oct. No performance fees or executive bonuses in order to focus on long term rather than short term performance. | Charter Court Financial Services Group—Intention to float. Specialist lender serving the UK residential mortgage market. The net mortgage loan book stood at £4.4 billion as at 30 June 2017 growing at a compound annual growth rate of 92 percent since 31 December 2014. Part vendor sale and £20m primary raise. | ContourGlobal LP—Report on Bloomberg that the thermal energy power generator is considering a London listing. | Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017. The Company may bring forward this closing date at any time. Admission 15 September 2017
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13 Sep 17
Small Cap Breakfast
I3 Energy –Schedule 1. Independent oil and gas Company with assets and operations in the UK. Offer TBC, 26 May admission. | Opera Investments –Reverse Takeover of Kibo Mining’s subsidiary Kibo Gold. Raising £1.5m. Expected mkt Cap £6.5m. 23 May. | Eve Sleep—Schedule 1 from the e-commerce focused, direct to consumer European sleep brand. Raising £35m at £1.01. Expected mkt cap £140m. Expected 18 May 2017. | Velocity Composites—Schedule 1. Manufactures advanced carbon fibre and ancillary material kits (predominantly carbon fibre) for use in the production of aircraft. 18 May 2017 admission expected. Raising £14.4m at 85p. Expected mkt cap £30.4m. | Verditek—Schedule 1 update. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Issue price 10p. Admission in late May. | AEW UK Long Lease REIT—Intention to Float. Up to £150m raise. Admission early June. UK specialist and alternative property | Alfa Financial Software –Intention to float. Mission-critical software platform purpose-built for asset finance enterprises. Vendor sale of 25% plus. FYDec16 rev £73.3m (CAGR of 24% from 2012). Adjusted EBIT £32.8m. | Kuwait Energy— $150m raise plus vendor offer. Admission due June. 2p reserves 810.0 mmboe | ADES International— Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa, seeking raise up to $170m plus vendor sale under a Standard Listing of the Main Market. Admission due May 2017. | Tufton Oceanic Assets– Extended to 9 May on specialist funds segment of Main Market to enable further due diligence. | PRS REIT—Private rental sector REIT raising up to £250m. Admission due 31 May.
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17 May 17