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Cap-XX

Positive outlook for licensing and own product sales

FY18 results from CAP-XX, the leading supercapacitor designer and manufacturer, were in line June’s trading update with revenue +18% to A$4.9m and adj. LBITDA increasing A$0.4m to A$1.6m. There was a notable improvement in the top and bottom line during H2 and FY19 has started well with October’s TDK licence agreement. Management has reported total enquiries, if converted to orders, would amount to annualised revenue of $20m, including >$2m of design wins covering >70 projects (cylindrical and automotive; small IoT and Thinline; and the new 3V supercapacitors). The 3V product family, due for launch mid-2019, opens a potentially huge market as supercapacitors can address the shortcomings of Li-ion coin cell batteries. Licensing negotiations are ongoing with numerous parties for applications in multiple sectors. These are complex in nature and hence difficult to predict but the recent TDK agreement is encouraging. Year-end net cash of A$1.9m should benefit from the receipt of the A$1.6m R&D tax rebate in H1. Forecasts reflect a more conservative view on the timing of licences partly offset by further growth in own Product volumes.

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  • 17 Oct 18
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HAS PAGE RWA

HCM UPDATE - 15.10.18 (HAS.L; PAGE.L; RWA.L)

Hays plc (HAS.L, 162p/£2,359m) Q1 trading update | PageGroup plc (PAGE.L, 526p/£1,690m) Q3 trading update | Robert Walters plc (RWA.L, 630p/£465m) Q3 trading update

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  • 15 Oct 18
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Access Intelligence MTI Wireless Edge

TMT Update 15.10.18 (ACC.L, MWE.L)

Access Intelligence plc* (ACC.L, 5.875p/£28.6m) Proposed placing and acquisition - breadth and depth | MTI Wireless Edge Ltd* (MWE.L, 19.5p/£10.5m) Contract win: First win in Mozambique

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  • 15 Oct 18
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Access Intelligence

Trading in line with our full year expectations

Access Intelligence, a leading provider of corporate communications and reputation management Software as a Service (SaaS) solutions that combines PR, public affairs and social engagement to the UK public and private sectors, is proposing to acquire ResponseSource for a total consideration of £5.5m. This will be funded through a placing of £6.8m and £0.5m in shares - the extra funding will be used on business integration and working capital. ResponseSource shares many of the key attributes of ACC in operating a SaaS subscription model with low revenue concentration and a high retention rate. The acquisition significantly broadens ACC’s service offering, increases the installed base and enriches its data sets, creating substantial cross-sell and upsell opportunities. ResponseSource is well-established, profitable and has developed the UK’s leading media enquiry service and a substantial media contacts database.

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  • 10 Oct 18
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CPX GFIN BOOM NWT

TMT Update 08.10.18 (CPX.L, GFIN.L, BOOM.L, NWT.L)

CAP-XX plc* (CPX.L, 12.4p/£34.6m) Licence agreement with TDK | Gfinity plc* (GFIN.L, 11.25p/£33.1m) Appointed tournament operator for inaugural ePremier League | Audioboom plc* (BOOM.L, 1.4p/£16.4m) 9m trading update - FY to be below expectations

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  • 08 Oct 18
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Plastics Capital

Trading in line with our full year expectations

In our note dated 2 July 2018 we anticipated an improvement in trading for the year ending March 2019. The trading update announced today affirms this view and the Group confirms that it is trading in line with market expectations. Trading for the six months to September 2018 has seen revenue grow at double digits with a commensurate improvement in profitability as the trading mix is favouring the higher margin and operationally leveraged Industrial division. In an otherwise positive trading update the only negative was that the order book for mandrels has weakened. Nevertheless, we remain comfortable with our FY2019 and FY2020 forecasts that were set in July and make no changes. We are also happy to retain our fair value of 130p.

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  • 05 Oct 18
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Access Intelligence MTI Wireless Edge

TMT Update 15.10.18 (ACC.L, MWE.L)

Access Intelligence plc* (ACC.L, 5.875p/£28.6m) Proposed placing and acquisition - breadth and depth | MTI Wireless Edge Ltd* (MWE.L, 19.5p/£10.5m) Contract win: First win in Mozambique

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  • 15 Oct 18
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CPX GFIN BOOM NWT

TMT Update 08.10.18 (CPX.L, GFIN.L, BOOM.L, NWT.L)

CAP-XX plc* (CPX.L, 12.4p/£34.6m) Licence agreement with TDK | Gfinity plc* (GFIN.L, 11.25p/£33.1m) Appointed tournament operator for inaugural ePremier League | Audioboom plc* (BOOM.L, 1.4p/£16.4m) 9m trading update - FY to be below expectations

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  • 08 Oct 18
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MBT MPAY CPX MIRA OSI

TMT Update 01.10.18 (MBT.L, MPAY.L, CPX.L, MIRA.L, OSI.L)

Mobile Tornado Group plc* (MBT.L, 4.40p/£15.4m) Interims: Gathering sales momentum (27.09.18) | Mi-Pay Group plc* (MPAY.L, 10.0p/£4.6m) Interims - New revenue stream added (25.09.18) | CAP-XX plc* (CPX.L, 10.85p/£32.6m) Spire Health Tags stocked at Apple stores (25.09.18) | Mirada plc* (MIRA.L, 0.725p/£2.1m) Prelims: Accelerated roll out by izzi and imminent ATNi deployment (28.09.18) | Osirium Technologies plc* (OSI.L, 145p/£19.6m) Interims: Good financial and operational progress (25.09.18)

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  • 01 Oct 18
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ECSC CCT FBT TERN MIRA

TMT Update 17.09.18 (ECSC.L, CCT.L, FBT.L, TERN.L, MIRA.L)

ECSC Group plc* (ECSC.L, 95p/£8.6m) Interims: Further market share gains (11.09.18) | The Character Group plc* (CCT.L, 529p/£111.8m) Pre-close trading update: Record UK sales (14.09.18) | Forbidden Technologies plc* (FBT.L, 5.25p/£15.5m) Interim results: Revenue growth and positive outlook (12.09.18) | Tern plc* (TERN.L, 18.6p/£44m) Interims and further loan to Device Authority (14.09.18) | Mirada plc* (MIRA.L, 0.9p/£2.0m) Placing and loan conversion strengthens balance sheet (17.09.18)

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  • 17 Sep 18
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MWE BOOM FBT

TMT Update 03.09.18 (MWE.L, BOOM.L, FBT.L)

MTI Wireless Edge Ltd* (MWE.L, 22.7p/£12.2m) Interims: Continued good growth at Mottech | Audioboom plc* (BOOM.L, 2.1p/£24.4m) Board changes: Chairman and CFO appointed; year-end change Forbidden Technology plc* (FBT.L, 5.6p/£16.7m) Completion of pilot in North America

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  • 03 Sep 18
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GFIN BOOM MWE KAPE NET

TMT UPDATE - 30.07.18 (GFIN.L, BOOM.L, MWE.L, KAPE.L, NET.L)

Gfinity plc* (GFIN.L, 13.5p/£38.7m) Elite Series: Domino's secured as presenting partner (25.07.18) | Audioboom plc* (BOOM.L, 2.1p/£24.4m) Deferred placing completed (26.07.18) | MTI Wireless Edge plc* (MWE.L, 23.5p/£12.6m) Further progress on proposed merger (26.07.18) | Kape Technologies plc (KAPE.L, 129p/£183.1m) H1 trading update, disposal and acquisition: Building the recurring revenue base (26.07.18) | Netcall plc (NET.L, 71.5p/£101.2m) FY pre-close: Matsoft gaining traction (24.07.18)

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  • 30 Jul 18
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