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AIM Market Update

April and May were another couple of strong months for AIM with total funds raised (new and further issues) of £561m and £564m respectively. To put this in context, since the beginning of January 2016, the monthly average is £502m. Through the end of May 2018 the total amount raised of £2.65bn is +40% on the same period in 2017 albeit 2017 had a big end to the year.

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  • 22 Jun 18
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BOOM MBT ECSC ECK

TMT UPDATE - 18.06.18 (BOOM.L, MBT.L, ECSC.L, ECK.L)

Audioboom plc* (BOOM.L, 2p/£20.2m) Restoration of trading and partner updates | Mobile Tornado plc* (MBT.L, 4.85p/£16.8m) AGM: Capitalisation of debt and extension of redemption date | ECSC plc (ECSC.L, 122.5p/£11.1m) AGM update: Growth across Managed Services and Consulting | Eckoh plc (ECK.L, 38.7p/£97.7m) Finals: Continued US growth opportunity

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  • 18 Jun 18
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ACC BOOM MWE TPG

TMT UPDATE - 11.06.18 (ACC.L, BOOM.L, MWE.L, TPG.L)

Access Intelligence plc* (ACC.L, 4.55p/£22.1m) H1 trading update: Further growth in annual contract value (11.06.18) | Audioboom plc* (BOOM.L, Suspended) Placing and finals: Focused investment to support further growth (08.06.18) | MTI Wireless Edge plc* (MWE.L, 26.5p/£14.2m) Merger: further progress made (30.05.18) | TP Group plc (TPG.L, 7.65p/£58m) AGM statement: Positive start to FY18 (07.06.18)

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  • 11 Jun 18
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Palace Capital

Planned sales and acquisitions to build on active FY18

Better than forecast FY18 results reflect PCA’s focus on intensive asset management. That continues to drive underlying property returns (rent and asset values), while profitability is benefiting from recent debt refinance on better terms. The shares stand at a 14% discount to FY18 EPRA NAV/share of 415p and a 11% discount to basic NAV of 400p/share (12%). We forecast 417p by end FY19.

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  • 11 Jun 18
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Cluff Natural Resources

Resource Base Doubled

CLNR has substantially increased its resource base stemming from the UKCS 3Oth Licensing Round and has gained some highly prospective acreage in the Southern (SNS) and Central North Sea (CNS) basins. Risked resources in the SNS have approximately doubled. For the first time CLNR has entered the Permian play zone in the heart of the SNS and significantly has emerged as the third largest acreage holder in the Carboniferous zone which hosts the large scale Breagh and Cygnus gas-fields. As noted in our May 2, 2018 note, CLNR could be entering a transformational phase in its development. Financing the drilling programme remains the key challenge. Importantly, the OGA extended the duration of the two existing SNS licenses but a drill or drop decision is pending for end September 2018. Between now and September we see the stock as very much a play on securing large scale financing for its SNS drilling programme. Success on this front would be a prelude to drilling in 2019.

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  • 11 Jun 18
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Audioboom Group

Focused investment to support further growth

Focused investment to support further growth Audioboom, the provider of an end to end podcast and digital audio platform to broadcasters, publishers and podcasters has conditionally raised £4.5m plus the conversion of £1.5m in loan notes to expand its existing relationships with Spotify, iTunes, GooglePlay and CastBox; increase the volume of higher margin Audioboom Originals’ content; acquire more third-party podcasts for the platform; and invest in Sonic Influence Marketing, its new buy-side media agency that is partnering AdResults, the leading dedicated podcast buy-side media agency. After the failed Triton Digital acquisition, Audioboom is focusing back on its core podcasting business where we believe there is substantial growth potential. The acquisition process has been a distraction to management and the company’s restricted balance sheet has held back investment. This is reflected in our reduced forecast assumptions but the company has maintained growth across its key KPIs.

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  • 08 Jun 18
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Allenby Capital Research and Daily Commentaries

Research Tree offers Allenby Capital research, providing ongoing coverage of 92 shares , as well as macro-economic categories including: Commodities - Energy, Economic Data, and Indices and Markets. We offer 226 reports from Allenby Capital on Research Tree.

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View the latest research on other companies in the sector. 

BOOM MBT ECSC ECK

TMT UPDATE - 18.06.18 (BOOM.L, MBT.L, ECSC.L, ECK.L)

Audioboom plc* (BOOM.L, 2p/£20.2m) Restoration of trading and partner updates | Mobile Tornado plc* (MBT.L, 4.85p/£16.8m) AGM: Capitalisation of debt and extension of redemption date | ECSC plc (ECSC.L, 122.5p/£11.1m) AGM update: Growth across Managed Services and Consulting | Eckoh plc (ECK.L, 38.7p/£97.7m) Finals: Continued US growth opportunity

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  • 18 Jun 18
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ACC BOOM MWE TPG

TMT UPDATE - 11.06.18 (ACC.L, BOOM.L, MWE.L, TPG.L)

Access Intelligence plc* (ACC.L, 4.55p/£22.1m) H1 trading update: Further growth in annual contract value (11.06.18) | Audioboom plc* (BOOM.L, Suspended) Placing and finals: Focused investment to support further growth (08.06.18) | MTI Wireless Edge plc* (MWE.L, 26.5p/£14.2m) Merger: further progress made (30.05.18) | TP Group plc (TPG.L, 7.65p/£58m) AGM statement: Positive start to FY18 (07.06.18)

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  • 11 Jun 18
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FBT MWE SND REDS

TMT UPDATE - 04.06.18 (FBT.L, MWE.L, SND.L, REDS.L)

Forbidden Technologies plc* (FBT.L, 5.4p/£9.7m) Placing: Considerable firepower | MTI Wireless Edge plc* (MWE.L, 26.1p/£14m) Merger: further progress made | Sanderson plc (SND.L, 106p/£63.7m) Meeting with management: On track for the full year | RedstoneConnect plc (REDS.L, 117p/£24.4m) Disposal and prelims: Focus on smart buildings and agile workspaces

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  • 04 Jun 18
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MWE TEK BBSN

TMT UPDATE - 29.05.18 (MWE.L, TEK.L, BBSN.L)

MTI Wireless Edge plc* (MWE.L, 27p/£14.5m) Contract win: Mottech | Tekcapital plc* (TEK.L, 17.5p/£7.5m) Subsidiary management appointments | Brave Bison plc* (BBSN.L, 1.95p/£11.2m) Strong KPIs for owned and operated channels

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  • 29 May 18
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GFIN TEK CER TPG

Allenby Capital TMT Update 21.05.18 (GFIN.L, TEK.L, CER.L, TPG.L)

Gfinity plc* (GFIN.L, 15.7p/£45.1m) Board changes: Garry Cook appointed Executive Chairman | Tekcapital plc* (TEK.L, 17.0p/£7.2m) Belluscura private placement | Cerillion plc (CER.L, 145p/£42.8m) Interims: Solid H1, Skyline gaining some traction | TP Group plc (TPG.L, 7.25p/£55m) Meeting with management: Expanding the service offering

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  • 21 May 18
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MTI Wireless Edge

Allenby Capital TMT Update 14.05.18 (MWE.L)

MTI Wireless Edge plc* (MWE.L, 30.3p/£16.2m) Q1 results: Solid start

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  • 14 May 18
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