Latest News

Small Cap Wrap – Curtis Banks; CentralNic Group; Helium One Global and more…

0

 

 

*A corporate client of Hybridan LLP

 

Dish of the day

No joiners today

Off the menu

No leavers today

 

What’s cooking in the IPO kitchen?

Further media reports that Dr Martens, the British Boot brand is planning an IPO on the LSE.  It is currently owned by PE group, Permira who  is expected to sell down its stake at the IPO.  March 2020 YE the group had revenues of £672m and EBITDA of £184m.  Deal size TBC. 

Upon Admission to AIM, Nightcap will acquire The London Cocktail Club Limited (the “London Cocktail Club”), which is an award winning independent operator of ten individually themed cocktail bars in nine London locations and one location in Bristol. Offer TBC Due mid Jan.

HSS Hire Group, HSS.L transfer from Main to Aim. Mkt Cap c. £70m. Recently raised £52.6m. Leading supplier of tool and equipment for hire in the United Kingdom and Ireland and has provided equipment hire services in the United Kingdom for more than 60 years, primarily focusing on the B2B market.  Due 14 Jan.

VH Global Sustainable Energy Opportunities plc, a closed-ended investment Company focused on making sustainable energy infrastructure investments, today announces intends to launch an initial public offering  of shares on the Official List (Premium) of the Main Market of the London Stock Exchange.  Due by Early Feb.

 

Banquet Buffet

Intelligent Ultrasound 14.5p  £39.74m (AIM:IUG)

The ultrasound artificial intelligence (AI) software and simulation company, announces that Group revenue for the year to 31 December 2020, which is currently generated entirely by the Group’s Simulation Division, is expected to be £5.2m (2019: £5.9m). The decline of 11% is entirely due to the impact of the global pandemic.

 

Sales from the Group’s direct sales team, which together cover the UK and USA, are expected to have grown by over 15% to £3.8m (2019: £3.3m), helped by strong sales from the Group’s ScanTrainer and BodyWorks simulators, which incorporate the free of charge Covid-19 lung training module that was developed in response to the pandemic. However, sales in Europe and Asia, that are made through the Group’s reseller network, were impacted by Covid-19 restrictions and are expected to have declined to £1.4m (2019: £2.6m).

“The Simulation Division has worked extremely hard to minimise the negative impact of Covid-19 on 2020 sales revenue and we are confident that, on-going global pandemic restrictions permitting, the Group will return to revenue growth in 2021.”

 

Curtis Banks  235p  £156.1m (AIM:CBP)

One of the UK’s leading SIPP providers, today provides an update on its trading performance for the twelve months ended 31 December 2020. 

Despite the disruption caused by the COVID-19 pandemic, the Group delivered a robust trading performance throughout 2020, both operationally and financially. Strategically, the Group completed the acquisitions of Talbot and Muir, a high-quality provider of SIPP and SSAS schemes, and Dunstan Thomas, a leading FinTech provider, and announced a new fee charging structure for clients. 

In 2021 and beyond, these initiatives will reduce the proportional contribution of interest income to total revenue and improve the overall quality and diversity of earnings across the Group. 

 

Katoro Gold 2.2p  £7.2m (AIM:KAT)

Update regarding the maiden drill programme targeting the discovery of nickel and platinum group metals  at the Haneti Nickel Project  in Tanzania.

Maiden drill programme involves 2,000 metres of Rotary Air Blast (RAB) drilling at Haneti with a planned 50 holes of circa 40 metres depth. By end of drilling on 6 January 2021 a total of 22 holes and 863 metres had been drilled at the Mwaka Hill target, with the plan to move to the Mihanza Hill target during the week commencing 11 January 2021.

The RAB drill holes are being drilled on profiles across the three target areas in order to provide enhanced information of the subsurface shape and orientation of the ultramafic rock bodies being targeted and to allow for the optimisation of a planned follow-on diamond drill programme. 

 

Appreciate Group 32.8p  £61.12m (LON:APP)

The UK’s leading multi-retailer redemption product provider to corporate and consumer markets, today provides an update on its important Q3 trading period for the three months ended 31 December 2020 in the current financial year.

 

· Underlying Q3 billings1 were up by 13.1 per cent to £96.3m (Q3 2019: £85.1m).

o  This included a 42 per cent increase in December to £45.5m (Q3 2019 £32.1m) – its best ever month.

o  And continued positive momentum in digital sales, with an almost four-fold total rise over the period to £22.5m (Q3 2019: £5.9m), reflecting the acceleration of online retail.

The Group is expected to deliver a full year performance for the year ending 31 March 2021 at least in line with the mid-range scenario as set out in its 2020 annual report and accounts, although the latest lockdown measures may delay some revenue and profit until customers have more options to redeem their products.

 

Restore 387.5p  £487m (AIM:RST)

The UK document management, commercial relocation and IT recycling business has  acquired 100% of the share capital of Computer Disposals Ltd , a leading IT recycling and asset disposition (ITAD) business based in Runcorn, UK, on 8 January 2021.

Following this acquisition, Restore Technology becomes the number one IT recycling business in the UK market which is large, growing and heavily fragmented. The addition of CDL, together with the Group’s acquisition of E-Recycling Limited, previously announced on 2 November  2020, further improves Restore’s network coverage, scale and potential for synergy. CDL is a well invested, highly profitable and cash generative business and is expected to generate revenues of approximately £8m and EBIT of more than £2m per annum in the medium term.

 

Distil 2.35p  £11.8m (AIM:DIS)

Trading update and new product launch. –  Year-on-year third quarter (October to December 2020) revenues increased by 22%, supported by up-weighted marketing investment.   Cumulative revenues for the nine months (April to December 2020) grew 70% versus the same period last year. –  New brand launch: TRØVE Botanical Vodka.

 

Nichols 1222.5p  £451m (AIM:NICL)

The diversified soft drinks Group, provides a trading update for the 12 months to 31 December 2020 .

During the period the Vimto brand achieved strong growth in the UK and the Group’s International business continued to perform well. However, as reported by the Group in its trading update on 19 November 2020, this progress was offset by declines in the Group’s UK Out of Home  route to market, as a result of the coronavirus pandemic. 

In line with the Board’s expectations, total Group revenue in the period decreased by 19.3% to £118.7m versus the prior year. The Group expects to report Adjusted Profit Before Tax for FY20 in line with its previous guidance.

Whilst recognising the current and near-term impact of the pandemic on the soft drinks market, the Board continues to believe that Nichols, underpinned by the strength of the Vimto brand, the Group’s diversified business model and the robust balance sheet, remains well placed to deliver its long-term strategic ambitions.

 

Boku  159.5p  £459m (AIM:BOKU)

The independent carrier commerce company  provided an unaudited trading update for the financial year ended 31 December 2020. 

The Group saw continued strong payments revenue growth in H2 2020, particularly in Q4, which translated into higher levels of EBITDA due to powerful operational gearing, with Group results for FY 2020 now expected to be ahead of the current market consensus expectations for both revenues and EBITDA. 

· Group revenue for 2020 is expected to be at least $56.3m (2019 $46.8m); an increase of at least 20% on 2019 underlying revenues 

· Group adjusted EBITDA is expected to be at least $15.0m (2019: $7.4m); showing an increase of over 100% on 2019, and a further $1.5m ahead of market consensus expectations, as upgraded following the Company’s trading update on 2 December 2020

 

CentralNic Group 101.5p  £237m (LON:CNIC.L)

The global internet platform that derives revenue from the worldwide sales of internet domain names and related web services has acquired SafeBrands, a leading online brand protection software provider and corporate internet services provider.

On 9 January 2021, CentralNic acquired SafeBrands, a France-based award-winning innovator and technology pioneer for a total cash consideration of up to EUR 3.6m ($4.4m), representing 0.9x its FY2019 revenue. SafeBrands operated at approximately breakeven in FY2019. Out of the total consideration, EUR 3m ($3.7m) was paid upfront with the remaining EUR 0.6m ($0.7m) to be paid subject to SafeBrands having met agreed FY20 financial objectives.

 

Helium One Global 8p  £39.75m (AIM:HE1)

Advancement of its aggressive exploration programme at the Company’s Rukwa Project in southern Tanzania with submission of key environmental studies.

· Completion of Environmental and Social Impact Assessment (ESIA) and Compensation Survey, including consultation with communities in nine villages closest to the drill locations.

·   Submission of key Environmental Impact Assessment for the Company’s proposed drilling programme at the Rukwa Project to the National Environment Management Council (NEMC) of the Tanzanian Government.

·   The study, which covers a project area of 310km2 in three prospecting licences (PL10712/2015, PL10713/2015 and PL10727/2015), is a key document in securing environmental permits for exploration drilling and an important milestone towards Helium One’s maiden exploration drilling in Q2 2021.

Helium One is pursuing an aggressive exploration programme across is globally unique, large-scale, high-grade, Rukwa primary helium project in Tanzania which has the potential to become a strategic asset in resolving a supply-constrained market.

If you would like to unsubscribe, please email [email protected] with “unsubscribe me”.

 

Head Chef

Derren Nathan

0203 764 2344

[email protected]

Status of this Note and Disclaimer

This document has been issued to you 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 section B of annex I to Directive 2014/65/EU (“MIFID II Directive”); or (ii) investment research as defined in 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).

This document should not be relied upon as being an independent or impartial view of the subject matter. The individuals who prepared this document may be involved in providing other financial services to the company or companies referenced in this document or to other companies who might be said to be competitors of the company or companies referenced in this document. As a result both Hybridan LLP and the individual members, officers and/or employees who prepared this document may have responsibilities that conflict with the interests of the persons who receive this document. Hybridan LLP and/or connected persons may, from time to time, have positions in, make a market in and/or effect transactions in any investment or related investment mentioned herein and may provide financial services to the issuers of such investments.

In the United Kingdom, this document is directed at and is for distribution only to persons who (i) fall within article 19(5) (persons who have professional experience in matters relating to investments) or article 49(2) (a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI 2005/1529) (as amended) or (ii)  persons who are each a professional client or eligible counterparty (as those terms are defined in the Financial Conduct Authority’s Conduct of Business Sourcebook) of Hybridan LLP (all such persons referred to in (i) and (ii) together being referred to as “relevant persons”). This document must not be acted on or relied up on by persons who are not relevant persons. For the purposes of clarity, this document is not intended for and should not be relied upon by any person who would be classified as a retail client under the Financial Conduct Authority’s Conduct of Business Sourcebook.

Neither this document nor any copy of part thereof may be distributed in any other jurisdictions where its distribution may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Distribution of this report in any such other jurisdictions may constitute a violation of territorial and/or extra-territorial securities laws, whether in the United Kingdom, the United States or any other jurisdiction in any part of the world.

Hybridan LLP and/or its associated undertakings may from time-to-time provide investment advice or other services to, or solicit such business from, any of the companies referred to in this document. Accordingly, information may be available to Hybridan LLP that is not reflected in this material and Hybridan LLP may have acted upon or used the information prior to or immediately following its publication. In addition, Hybridan LLP, the members, officers and/or employees thereof and/or any connected persons may have an interest in the securities, warrants, futures, options, derivatives or other financial instrument of any of the companies referred to in this document and may from time-to-time add or dispose of such interests.

This document may not be copied, redistributed, resent, forwarded, disclosed or duplicated in any form or by any means, whether in whole or in part other than with the prior written consent of Hybridan LLP.

Hybridan LLP is a limited liability partnership registered in England and Wales, registered number OC325178, and is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Any reference to a partner in relation to Hybridan LLP is to a member of Hybridan LLP or an employee with equivalent standing and qualifications. A list of the members of Hybridan LLP is available for inspection at the registered office, 2 Jardine House, The Harrovian Business Village, Bessborough Road, Harrow, Middlesex HA1 3EX.

Compass Group accused of profiteering over school meals packages

Previous article

You may also like

Comments

Leave a reply

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

More in Latest News