Joiners: Silverbullet (SBDS.L) is a provider of digital transformation services and products which assist brand owners and advertisers to optimise their digital marketing investment, with a particular focus on unlocking the potential of first party data and contextual intelligence. The Company has joined AIM. Raised £9.5m. Market cap c£34.5m.
Itim Group (ITIM.L) is a software technology company, established in 1993. Itim adds value by helping multi-channel retailers optimise their business and
Companies: APOL ASTO CPC FUM MDZ QFI SMK TLY ZPHR ZNWD
Joiners: No Joiners Today.
Leavers: AFH Financial has left AIM following a takeover.
What’s cooking in the IPO kitchen?
Poolbeg, Proposed AIM listing and demerger from Open Orphan (ORPH.L). Funds raised as part of Admission will be used primarily to fund the clinical trial costs associated with the development of the Company’s POLB 001 asset as a treatment for severe influenza and to acquire and develop new portfolio assets. Offer details and timing TBA
Wise, the Fintech and payments start-u
Companies: BLCC CNIC DRUM MDZ SNT SMRT VAST VOG VRE ZNWD
MAST Energy Developments (MED) is to IPO on the Standard List on 14th April 2021 under the ticker MAST. The company has raised £5m giving a market capitalisation on listing of c. £23m. MED is currently a 100% subsidiary company of AIM quoted, Kibo Energy*. MED was established to acquire and develop a portfolio of flexible power plants in the UK and become a multi-asset operator in the rapidly growing Reserve Power market. PensionBee has confirmed its intention to float on the High Growth Se
Companies: SYM CGNR EKF KBT GGP VLS TMO ECK B90 MDZ
PensionBee, the online pensions provider, with a mission to make pensions simple, so that everyone can look forward to a happy retirement, considering an IPO on the High Growth Segment of the Main Market of the London Stock Exchange. PensionBee is a leading online pensions provider in the UK, with approximately 130,000 Active Customers and £1.5 billion of assets under administration , in each case as at 28 February 2020. Cornerstone FS to join AIM, an SME focused, cloud-based provider of inter
Companies: TMT OHG MDZ FME LTHM ORPH BARK VEL MOS EQLS
Parsley Box, the direct to consumer provider of ready meals to the 60+ demographic, recently announced its AIM IPO plans. Parsley Box provides ready meals, which are not required to be stored in a fridge or freezer, have a shelf life of up to six months and are cooked in minutes. The company reported revenue of £24.4m for the financial year ended 31 December 2020 (unaudited). Deal details TBC and admission is expected to occur late March/ early April 2021. Caerus Mineral Resources, a London base
Companies: CER CHRT KP2 TND INL GFIN CPC ORR MDZ EVG
Umuthi Healthcare (UHS.L) , the technology led healthcare business focused on the distribution of pharmaceuticals and the provision of medical facilities in remote areas has joined the main market (standard). No funds raised. Umuthi onboarded 2,000 clients during the previous financial year which represents a single digit fraction of the immediately available customers to its MedTech platform and have booked revenues as a result of these sales, ensuring tangible proof of concept. The bespoke p
Companies: CCS PYC FRAN MCL ABDP IUG AGL K3C KOO MDZ
AMTE Power, a developer and manufacturer of lithium-ion battery cells for specialist markets, announced its intention to seek admission to trading on AIM. Admission is expected to take place during March 2021. The Company intends to raise approximately £7 million by way of a placing of new ordinary shares in the capital of the Company. Timing TBC. Samarkand Group Limited, the cross-border eCommerce technology and retail group opening up the world's largest market for brands and retailers, intend
Companies: OHG MDZ PEG IQE RBN WHR HMI ANIC KOD GMR
The creative audio-visual Company has reported HY Sep 19 results. Whilst the results were impacted by difficult business conditions in the period, and a previously announced delay to a large project with a UK University, customer activity bounced back in October and November 2019. As such H1 revenue was down 48% to £943k, but the Group reports that revenue for October and November 2019 was £709k and up 41% on the same period last year. Similarly net losses for H1 were £228k vs a restated profit
Companies: MediaZest Plc
Kaspi.kz, the largest Paym ents, Marketplace and Fintech Ecosystem in Kazakhstan w ith a leading m arket share in each of its key products and services. GDR offering expected Oct 2019. In the first half of 2019, the Company generated total revenue of KZT226,862m (U.S. $598m), up 34% and net income of KZT77,001m (U.S. $203m), up 54%. Registration document approved for Helios Towers. The Group provides essential network services, flexible infrastructure solutions and reliable power supply to mobil
Companies: SAR MDZ ECR SYM TAVI DEC ITX SNG SNT FOX
The creative audio-visual Company recently reported FY March 2019 results posting a 17% revenue increase to £3.3m and Group EBITDA of £129k (vs a £113k loss) and PBT of £6k vs a loss of £113k. This was against our recently trimmed expectations of £3.15m revenue, EBITDA of £40k and a PBT loss of £50k. Nonetheless H2 trading was more difficult than Mediazest’s strong first half, due, in part, to the deterioration in macroeconomic trading conditions that has been evident since November 2018 and the
The creative audio-visual company recently updated on current trading as the March 2019 year end approaches. The excellent momentum seen in the first half of the year with 36% revenue growth and a small net profit has not repeated in the second half. Delayed projects and investment decisions, particularly by clients in the retail sector has resulted in the Company expecting trading results in H2 to be lower than the first half of the year. As a result, MediaZest is now expecting to be profitable
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 1 March 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. Polemos, to be renam
Companies: AAU IHC MDZ GMR R4E APC WEB HAYD 88E CEG
Given the current sentiment towards UK consumer stocks one might expect that those servicing this sector, such as MediaZest the creative awardwinning, audio visual solutions provider, might be suffering too. Not so according to the recently released HYSep18 results which saw a 36% increase in revenues to £1.82m and a swing from an EBITDA loss of £87k to profit of £156k. MediaZest may be small but its expertise in creating consumer experiences through the use of audio-visual technology has earnt
Wentworth Resources— oil and gas exploration and production company, with assets in the onshore Rovuma Basin of East Africa. Introduction only. Mkt Cap c £50m . Due today
Renalytix AI—developer of artificial intelligence ("AI") decision support and clinical management tools for improving early diagnosis, continual monitoring and drug development for kidney disease. incorporated in March 2018 as a subsidiary of EKF Diagnostics Holdings (AIM-EKF). Total fundraising £22.25m.. Mkt cap - c. £67.5- £
Companies: MDZ SXX XSG TRIN MYSQ ANGS DSG LPA CPX RBD
Green Man Gaming—pure play e-commerce and technology company in the digital video games industry. revenue CAGR growth of 26.7% in the last three years to £47.5m. Due 28 Sep. EBITDA Profitable. Offer TBA
Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is exploring its options in relation to a potential move to the AIM market of the London Stock Exchange which, if it were to proceed, would likely take place over t
Companies: MDZ VRE FST ING TUNE CYAN JDG EML SSY RMISF
Research Tree provides access to ongoing research coverage, media content and regulatory news on MediaZest Plc.
We currently have 43 research reports from 2
The market (and FDEV) is projecting an ambitious step-change in financial performance in FY 22 and FY23. Investors however may recall that Elite Odyssey updates have been delayed. For a variety of reasons, we believe there is some residual risk of disappointment here. Hence, we prefer to sit on the side-lines. Buy
Companies: Frontier Developments Plc
Mixed feelings following the Q3 results: the maintained FY margin guidance reassured in the current inflationary environment, but the Q3 volume decline raises questions about the trade-off between pricing and volumes.
Companies: Unilever PLC
Zytronic’s pre-close update confirms a considerable turnaround in performance in H2. Whilst partially flagged in the September update, the full year outturn is better than expected, driven by a significant improvement in sales (+44% H2 versus H1) and careful cost control. Operating profit of £0.5m is comfortably ahead of our break-even forecast and net cash of £9.2m is £1m ahead. Although mindful of industry supply chain issues, we consider the recent run rate a sensible guide for FY22 and intro
Companies: Zytronic plc
Companies: MJ Gleeson PLC
Tungsten West (TUN.L) has joined AIM. Tungsten West is the 100% owner and operator of the historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon. Hemerdon represents the world's third largest tungsten mineral resource, with a JORC (2012) compliant Mineral Resource Estimate of approximately 325Mt at 0.12 WO3. Capital raised on Admission: £39m. Anticipated Mkt Cap: £106.2m.
Future Metals NL (ASX:FME, FME.L) (formerly named Red Emperor Resources NL) had joined AIM
Companies: SOLI RBD ALU ATQT BBI CWR DRV ORCP WATR
Companies: Accrol Group Holdings plc
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What’s cooking in the IPO kitchen?
Arrow Exploration Corp. (AIM: AXL ; TSXV: AXL) , the oil and gas exploration and production company, has conditionally raised approximately £8.8m and is due to complete its dual listing on AIM on 25 Oct. Market cap c£13.1m.
Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz.
Companies: ZYT CIC DMTR GILD LMS MMAG PYC SMRT SBI
Accrol has issued a trading update confirming that cost pressures both from input and distribution costs has intensified over recent weeks echoing trends we have seen in other industries. Revenue pressures have also built as fulfilment becomes more challenging. These headwinds are reflected in our downgrade to EPS forecasts of 37.4% and 18.3% in FY22E and FY23E respectively. Over the long term we continue to believe Accrol is a strategically important asset with a key position in a resilient mar
Solid State is a manufacturer of computing, power and communications products, and value added supplier of electronic components. This morning, the group has released a robust update covering the six-month period to 30 September 2021, with the Willow and Active Silicon acquisitions performing ahead of management expectations. The order book as at the end of September stood at a record level of £61.5m, an increase of 48% since the beginning of the financial year and leading to the Board's confide
Companies: Solid State plc
The group has announced an encouraging half-year update, with a strong increase in revenues profits and order book seen. Unsurprisingly, there have been some supply chain challenges, although these have also resulted in customers placing longer-term orders thus giving the group better visibility as well as necessitating higher levels of stocking. Management indicates it is confident of achieving market FY expectations, with the potential for some upside in H2 dependant on component supply chain
Reckitt Q2/H1 21 numbers missed estimates. Q2 sales declined 1%, hurt by slowing Hygiene growth (+7.8%) and weaknesses in Health (-5.6%) and Nutrition (-9.7%). H1 sales were up 1.5%, driven by Hygiene (+18.1%). The adjusted operating profit margin (-290bp to 21.6%) was hurt by steep rise in input prices.
FY 21 guidance (0-2% growth, 40-90bp margin contraction) was re-iterated (ex-IFCN China incremental margin offset by cost inflation). We will cut our estimates to factor in the soft growth/marg
Companies: Reckitt Benckiser Group plc
Companies: IG Design Group plc
Hermès published consensus-beating results. All business lines and all geographical regions experienced a better-than-expected quarter. Unlike its industry peer, which recorded softer growth in Asia due to the COVID-19-related restrictions, Hermès reached 29% of sales growth in Asia, mainly driven by China.
While we had been worried that the Chinese government’s ambition for wealth redistribution would hold back luxury spending, Hermès has proved with solid figures that, even though the growth
Companies: Hermes International SCA (RMS:EPA)Hermes International SCA (RMS:PAR)
Tesla has been one of the hottest stocks this week after the major announcement from Hertz of ordering 100,000 Teslas by the end of 2022. The car rental company making a significant investment to build a large EV rental fleet has propelled Tesla’s stock above the $1000 threshold and well above our last target price. The company’s recent financial performance has also been strong with a 57% top-line growth and a 73% year-over-year increase in vehicle deliveries. Its low-cost models i.e., Model 3
Companies: TESLA MOTORS (TSLA:NYSE)Tesla Inc (TSLA:NAS)