Hybridan Small Cap Feast

By
17 mins. to read
Hybridan Small Cap Feast

Joiners: No Joiners Today.

Leavers: No Leavers Today.

Banquet Buffet

AFC Energy 50.30p  £369.4m (AFC.L)

A leading provider of hydrogen power generation technologies, announces the appointment of Monika Biddulph as a non-executive director with immediate effect. Monika, who holds a PhD in Experimental High Energy Physics from the ETH Zurich, brings over 20 years’ experience in both technical and commercial areas within international technology businesses including general management, IP licensing, marketing and technical roles. Until August 2018, Monika was a member of the Senior Leadership Team IP Product Groups at Arm Holdings plc. Gary Bullard, Non-Executive Chair said: “Following a thorough selection process, we are excited to have found a Non-Executive Director who brings both technical and commercial acumen to support our business growth combining an understanding of the customers’ needs with the challenges of delivering new technology. I look forward to working with Monika and wish her every success.”

Atlantic Lithium 21.20p  £15.1m (ALL.L)

The African focussed lithium exploration and development company, announced it will be attending the following online conferences and webinars next week: Benchmark Mineral Week 2021 online, Where The Lithium-Ion Battery to Electric Vehicle Supply Chain Meet – Building a cathode ecosystem, 7 December 2021 from 8am (GMT)  and London South East Investor Event, 7 December 2021 from 6pm (GMT). Atlantic Lithium Chief Executive Officer Vincent Mascolo will be providing an update on current projects in the Atlantic Lithium portfolio; company presentations can be found at https://www.atlanticlithium.com.au/presentations

Augmentum Fintech 163p  £295.1m (AUGM.L)

The UK’s only publicly listed investment company focussing on the fintech sector, notes the announcement by abrdn, the FTSE 100 asset manager, that it has agreed to acquire interactive investor, a portfolio investment of the Company. Any such acquisition will be subject, inter alia, to the receipt of the necessary regulatory approvals. Augmentum’s understanding of the terms of this transaction is that it implies a valuation of the Company’s investment in interactive investor of £42.4m (30 September 2021: £36.7m) subject to final adjustments. This would represent an increase of 3.2p over the last published NAV per ordinary share (unaudited) as at 30 September 2021 of 147.7p. The Company acquired its interest in interactive investor in March 2018 as part of the seed portfolio at IPO, at a valuation of approximately £3.8m; and the realisation will represent a multiple of 9x cost and an IRR of 87%. Augmentum expects this transaction to complete in Q2 2022.

Coinsilium  5.60p  £10.13m (AQSE: COIN)

The Blockchain and Open Finance venture operator, reports on an update from portfolio company Indorse Pte. Ltd. regarding the launch of its “PowerUps” collection on the Polygon network and the roadmap to the launch of its BlockBots NFT Play-to-Earn game set for Q1 2022.  Highlights include: PowerUps NFT collection to launch on Polygon network; PowerUps are unique in-game items (ERC1155 standard tokens) such as weapons and wearables to equip BlockBots; Indorse to launch a peer-to-peer marketplace in mid-December 2021 dedicated to PowerUps trading, powered by IND tokens; First BlockBots event in the Metaverse to take place this week; Coinsilium has acquired 315 BlockBot NFTs and intends to increase its holding ahead of the Play-to-Earn game launchCoinsilium intends to participate in the leasing/renting of BlockBot NFTs, potentially in collaboration with Gaming Guild partners.

Hargreaves Lansdown 1,310p  £6,246.8m (HL.L)

Hargreaves Lansdown plc announces that, subject to regulatory approvals, Amy Stirling will be appointed as Chief Financial Officer to succeed Philip Johnson. Amy will also join the Board of Hargreaves Lansdown as an Executive Director. Amy is currently Chief Financial Officer of the Virgin Group where she has been part of the senior leadership team since September 2016. Amy is a qualified chartered accountant with extensive financial leadership, management and board experience. Amy’s previous appointments include CFO of TalkTalk Telecom Group plc, Non-Executive Director and Chair of the Audit & Risk Committee at the UK Cabinet Office, Non-Executive Director and Chair of the Audit Committee at Pets At Home Group plc and CFO of The Prince’s Trust. Amy will join Hargreaves Lansdown on 21 February 2022 and will join the Board on the same date. Chris Hill, CEO at Hargreaves Lansdown, said: “I am delighted to welcome Amy Stirling to Hargreaves Lansdown.  Amy has over 20 years of strategic financial management and brand experience across a range of sectors and will bring new perspectives to our business. This is an exciting time for Hargreaves Lansdown as we continue to invest in and advance our client proposition and service to capture the significant growth opportunity in our markets and I am very much looking forward to working with Amy as we execute on this strategy.”

Mind Gym 167.50p £167.6m (MIND.L)

The the global provider of human capital and business improvement solutions, announces the appointment of Dominic Neary to the Board with effect from today and that he will assume the role of Chief Financial Officer of the Company from 1 January 2022.  Dominic brings a wealth of relevant experience gained from senior finance roles at high growth digital and international companies. As EU Finance Director at Just Eat, he drove the Group’s considerable growth in the region, and, as Commercial Finance Director at Moneysupermarket.com, he significantly improved performance through a revised digital strategy, working closely with their respective management teams.  Prior to this, Dominic spent 10 years in various financial positions at Reckitt Benckiser culminating in the role of Regional Finance Director of its North American Pharmaceuticals business. Dominic joins Mind Gym from his position as CFO at a tech-enabled commercial print group.

NFT Investments 2.6p  £27.1m (AQSE: NFT)

The company specialising in the identification, acquisition, investment, and development of non-fungible tokens (“NFTs”), announces it has sold a 25% equity stake in Kodoku Studios, an innovative NFT-focused gaming company at the forefront of the exciting new NFT-gaming genre, acquired at a cost of £500k. Kodoku is a London, UK-based studio that is developing a platform called “The Pit”, which will enable players to wager their NFTs as well as offer a unique opportunity for other creators to host their own NFT arenas. Jonathan Bixby, Executive Chairman of NFT Investments, said: “We are moving at high-speed to support the growth of a range of innovative businesses that are positioned to benefit from the long-term growth of the NFT market. This is also providing NFT with the opportunity to generate excellent returns on its investments as shown by the takeover of Kodoku.  I look forward to supporting Kodoku’s growth in order to build further value in the business over the long term.”

Orosur Mining 12.25p  £23.1m (OMI.L)

A South American-focused minerals explorer and developer, announces that copies of the Notice of Annual General & Special Meeting, including the Management Information Circular and proxy forms have been posted to shareholders. Copies have also been posted on the Company’s website. As part of the special business of the AGM, the Company is proposing to amend and restate the existing stock option plan (the “Plan”) in connection with the de-listing from the TSX and to comply with TSX-V requirements.

Tungsten Corp 33p £40.7m (TUNG.L)

The leading provider of digital financial management and software solutions, has been selected by Amazon Business to support its global e-invoicing program in Europe and the U.SThe partnership will enable customers to automate the processing of Amazon Business invoices via the Tungsten e-invoicing network. The integration makes use of Tungsten’s Accounts Receivable solution and automates invoicing processes, saving both time and effort for customers. Paul Cooper, CEO of Tungsten Corp plc, commented,  “We are delighted to work with Amazon Business to enhance our value to current and new customers, t his is the future of digital procurement . Tungsten offers customers the flexibility to integrate with any procurement platform and the ability to deliver exceptionally high levels of straight-through processing.”

Wickes 240.60p  £617.4m (WIX.L)

Wickes Group plc, the home improvement retailer, today provides a trading update and raises FY2021 adjusted PBT guidance to no less than £83m. Wickes has continued to perform well in the fourth quarter to date, benefitting from a balanced business model, with sales in line with expectations. Delivered sales in Do It For Me (DIFM) are strengthening as it works through an elevated order pipeline. Additionally, the company continue to expect a higher carry over order book in DIFM, supported by continued strong sales which will benefit the first half of FY2022. As expected, Core sales are lower year-on-year against tough comparatives, remaining materially ahead on a two-year basis driven by a further strong performance from local trade underpinned by the digital TradePro loyalty scheme. David Wood, CEO of Wickes commented: “This has been a period of further progress for Wickes, where our focus on value, stock availability and exceptional service have underpinned our customer offer. Our forward planning and early strategic decisions have resulted in an improved profit performance, and we continue to navigate inflationary pressures and raw material constraints well. Clearly, this remains a time of uncertainty, however our differentiated business model leaves us well-placed to continue to outperform within a large and growing home improvement market.”

What’s cooking in the IPO kitchen?

i(x) Net Zero, the investing company which focusses on Energy Transition and Sustainability in the Built Environment, announces its intention to join AIM. Following Admission, the Company intends to use the net proceeds of the proposed Fundraising to provide development and expansion capital to certain of its investee companies, for future investments in companies that fall primarily within its areas of interest in Energy Transition and Sustainability in the Built Environment and to provide working capital for the Group. Capital to be raised £20m. Expected admission date Late Dec.

Public Policy Holding Company, to join AIM. PPHC, through its wholly-owned companies, operates a portfolio of independent firms that offer public affairs, crisis management, lobbying and advocacy services on behalf of corporate, trade association and non-profit client organisations. Mkt Cap and Capital to be raised TBC. Expected admission date Mid Dec.

Libertine to join AIM. Libertine has developed a technology solution for powertrain OEMs, enabling efficient and clean power generation from renewable fuels. Libertine’s linear electrical machines, controls and tools together form a development platform (‘intelliGENTM‘) which the Group provides to OEM customers for their product development programmes. The company also provides engineering services and prototype hardware to support OEM customer evaluation of its technology, and incorporation of this technology into customer-led Linear Generator development programmes. Mkt Cap and Capital to be raised TBC. Expected admission date Mid Dec.

LBG Media, digital media and youth content publishers to join AIM. The Company is a multi-brand, multi-channel digital youth publisher and is a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience. Mkt Cap and Capital to be raised TBC. Expected admission date Mid Dec.

Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly office space, a c1,100 space car park and commercial retail spaces that include a Tesco Metro unit on the ground floor. The Capital Building is 82% let with a weighted average unexpired lease term of 22 years (based on space currently let) to five tenants, including a Government-backed entity and a global insurer. Timing tbc, early 2022.

Homes for People – HOPE plc – is drawing up plans to list on the specialist real estate exchange IPSX. HOPE said it had identified a pipeline of suitable homes that it would seek to acquire after its fundraising of £150m. HOPE believes its ability to offer inflation-linked rental income, which will be distributed to investors on a quarterly basis, will prove attractive. Timing tbc, early 2022.

Equinox International Holdings plc, UK-headquartered medical cannabis company aiming to become the UK’s leading ‘Land-to-Brand’ vertically integrated medical cannabis company, to seek admission of its entire share capital to trading on AIM. Seeking to raise funds to build a state-of-the-art cultivation, extraction and production facility on a Home Office-approved 20-acre UK site. Offer and timing TBA.

RentGuarantor Holdings PLC provides a rent guarantee service to tenants wishing to rent property in the UK from the Private Rental Sector. The rent guarantee service is an online service where applications can be managed on a secure and bespoke digital platform designed and built by RentGuarantor Holdings PLC. Due to join the Aquis Stock Exchange on 8 Dec.

Windward to join AIM. Windward is a leading predictive intelligence company, fusing artificial intelligence (AI) and maritime expertise seeking to digitalise the global maritime industry. As at 30 September 2021, the Company had 120 permanent employees and had an annual contract value of US$19.7m, with 99 per cent. of the revenue being subscription based. Offer TBC. Due 6th Dec.

Ondine Biomedical to join AIM. Ondine Biomedical Inc. is a life sciences company, incorporated in Canada, focusing on the development of photodisinfection-based therapies to provide solutions to drug-resistant infections. Capital to be raised: £22.2m ($30.0m). Anticipated Mkt Cap on Admission at the placing price: £103.9m ($140.1m). Due 6 Dec.

Lift Global, a financial media and technology-focused investment company led by well-known stock market commentator Zak Mir, to apply for admission of its Ordinary Shares to trading on the Access segment of Aquis Stock Exchange Growth Market. The Company plans to raise approximately 1.7m before expenses. First dealings in the shares are expected to commence in December 2021. The flotation is expected to value Lift at approximately £2.7m.

ThomasLloyd Energy Impact Trust plc, a newly established closed-ended investment company which will invest in a diversified portfolio of unlisted sustainable energy infrastructure assets in fast-growing and emerging economies in Asia, seeking to join the Premium Segment of the Official List . Due 14 Dec raising up to $335m.

4GLOBAL to join AIMa London based software, data and services sport and health company. Capital to be raised £4m. Anticipated Mkt Cap £24m. Due 7th  Dec.

Superdielectrics to join AIM, a Company which is focused on developing technology to build supercapacitors with high energy density, low cost, and environmentally benign electrical energy storage devices that will help create a clean and sustainable global energy and transportation system. Admission is expected to take place in early December 2021. The Company intends to raise approximately £20m by way of a placing on Admission.

LEAF Mobile Inc. (TSX: LEAF) (OTCQB: LEMLF), a leading Canadian free-to-play mobile game group, announced its intention to join the Main Market this winter. The Company, which started trading on the Toronto Stock Exchange on February 10th, 2021, will assume a dual-listed structure. The Company intends to raise gross proceeds of approximately CAD$10m and the flotation is expected to value LEAF Mobile at approximately £130m. LEAF is operating within a fast-growing sector with a rapidly increasing total addressable market. Mobile Games are the world’s most popular form of gaming.

Sovereign Metals (ASX:SVM) to dual list on AIM. SVM is developing the Kasiya Rutile Project in their Malawi Rutile Province located in Malawi, Southeast Africa.  The project, which is Sovereign’s near-term focus, has delineated Inferred Resources of 644Mt at 1.01% rutile (0.7% rutile cut-off) including a high-grade component of 137Mt at 141% rutile (1.2% rutile cut-off) and is on track to release a scoping study in late 2021.  Sovereign’s graphite projects in Malawi include Malingunde, where Resources and Reserves under the JORC Code (2012 edition) have been previously delineated supporting a 2018 prefeasibility study (and updated per the DRA competent persons report on the Company’s website).
The Company does not intend to raise any capital prior to or concurrent with admission to AIM.  The Mkt Cap on Admission is expected to be approximately A$280m (being approximately £150m). Due 14 Dec.

DSW Capital to join AIM. DSW is a challenger mid-market professional services business headquartered in the Northwest of England. DSW operates a licencing model and licences the DSW and associated brand names in return for a royalty based on a percentage of fee income.  Due early Dec. Raising £5m.

Spiritus Mundi due to join the Main Market (Standard), a special purpose acquisition vehicle which will seek acquisition targets in Europe and Asia in the clinical diagnostics sector. The Company has already raised approximately £1.2m in a pre-IPO fundraising round.

Recycling Tech Group to join AIM, a UK-based engineering, research and manufacturing company that has developed a modular and mass producible machine, the RT7000, which processes hard to recycle plastic waste into a synthetic oil that can be sold back to the petrochemicals industry as a chemical feedstock to make new plastics. Targeting a £40m raise. Due 16th Dec.

ATOME headquartered in Leeds, focussed on the large-scale production of green hydrogen and ammonia intends to join AIM. ATOME intends to be spun-out from AIM-listed President Energy Plc, an oil and gas company which has incubated and financially supported ATOME to date, by way of a dividend in specie and flotation. Due Mid Dec.

Alinda Capital Infrastructure Investments to join the Specialist Fund Segment of the Main Market of the London Stock Exchange raising up to £350m. Due Late Nov.

Nu-Oil and Gas  to acquire Guardian Maritime Ltd and Guardian Barriers IP Ltd and become Guardian Global Security plc and join the Main Market (Standard). Guardian is a technology group that supplies products to prevent unauthorised entry into areas that are deemed to have value, with maritime security being the main focus initially. Q4 2021.

M7 Regional E-Warehouse REIT intends to apply for admission onto The Property Stock Exchange (Wholesale Segment). On Admission, the company plans to acquire a portfolio of UK retail warehouses worth £120m from M7 Real Estate Investment Partners VIII. The portfolio currently comprises 18 retail warehouse properties across the UK totalling 978,317 sq ft and fully let to 53 occupiers. Rent collections for Q2 2021 stand at 93% and are expected to revert to 100% in the coming quarters. Due 20 Dec.

*A corporate client of Hybridan LLP

This document has been prepared 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 objectives, financial situation or needs of any specific entity and is not a personal recommendation to anyone. Recipients should make their own investment decisions based upon their own financial objectives and financial resources and, if any doubt, should seek advice from an investment advisor. The information contained in this document is based on materials and sources that are believed to be reliable; however, they have not been independently verified and are not guaranteed as being accurate. This document is not intended to be a complete statement or summary of any securities, markets, reports or developments referred to herein. No representation or warranty, either express or implied, is made or accepted by Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings in relation to the accuracy, completeness or reliability of the information in this document nor should it be relied upon as such. Any and all opinions expressed are current opinions as of the date appearing on this document only. Any and all opinions expressed are subject to change without notice and Hybridan LLP is under no obligation to update the information contained herein. To the fullest extent permitted by law, none of Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings shall have any liability whatsoever for any direct or indirect or consequential loss or damage (including lost profits) arising in any way from use of all or any part of the information in this document. This document is sent to you as market commentary only. As market commentary this document does not constitute any of (i) investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments for the purposes of the UK retained version of section B of annex I to Directive 2014/65/EU (“MIFID II Directive”); or (ii) investment research as defined in the UK retained version of article 36(1) of Commission Delegated Regulation 2017/565/EU made pursuant to the MIFID II Directive; or (iii) non-independent research (as such term is defined in the Financial Conduct Authority’s Conduct of Business Sourcebook).


Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *