Global Business Graph Growth Finance Stock Market Concept

10 Sep 2020


*A corporate client of Hybridan LLP


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Vintana, an AIM Rule 15 cash shell has left AIM having not completed a deal in the prescribed timeframe.


What’s cooking in the IPO kitchen?


Guild Esports a UK-based owner and developer of esports teams, has announced its intention to seek a listing of its ordinary shares to the Standard Listing segment of the London Stock Exchange this autumn.  its founding shareholders include David Beckham, former football player and captain of England, and now co-owner of new MLS team Inter Miami CF.

HOME REIT intends to float to the Main Market raising up to £250m. The Company will seek to contribute to the alleviation of homelessness in the UK, whilst targeting inflation-protected income and capital returns, by investing in a diversified portfolio of assets across the UK which will be dedicated to providing accommodation to the homeless.  Due Mid October

S-VENTURES  – The Company will look to identify investment opportunities in the wellness sector within the UK and Europe.  Due 16 Sep on the Aquis Exchange.

Sativa Wellness Group—(Canadian Securities Exchange: STIL) renamed from Stillcanna Inc following the conditional acquisition of  Sativa Group (AQSE:SATI) to list on the AQUIS Exchange. A fully integrated European seed to consumer CBD group with the pricing, products, and stability to meet the CBD market demand in the medium term. With world-class extraction and formulation experts, an agricultural team that has over 20 years’ experience farming hemp, along with laboratory testing capabilities, the group has established itself globally as a trusted source of high-grade, premium wholesale CBD brands and products.

Umuthi Healthcare Solutions Plc, the technology led healthcare business focused on the distribution of pharmaceuticals and the provision of medical facilities in remote areas, seeking admission to the Standard Listing segment of the Official List 

The Hut Group.  Expected intention to float on the Main Market. THG is a vertically integrated digital-first consumer brands group, retailing its own brands in beauty and nutrition plus third party brands, via its proprietary technology platform to an online and global customer base. For the year ended 31 December 2019, THG’s revenue was £1.1 billion, up 24.5 per cent. year-on-year, and its Adjusted EBITDA was £111.3 million, representing an Adjusted EBITDA margin of 9.8 per cent . The Company has experienced an acceleration in growth during 2020, with revenue of £676 million, up 35.8 per cent. on the equivalent prior year period , achieved in the 6 months to 30 June 2020, which the Directors believe evidenced the non-discretionary nature of the nutrition and beauty categories .

Kibo Energy PLC, the multi-asset Africa focused energy company, is seeking admission for its 100% owned UK subsidiary Sloane Developments Ltd , which will be renamed Mast Energy Developments PLC (MED), to the Standard List of the London Stock Exchange plc . Targeted for Q4 2020. The MED business strategy is to acquire and develop a portfolio of flexible small-scale power generation assets, exploiting a growth niche market in the UK for Reserve Power generation to balance out the national grid at critical times. 

Banquet Buffet

Mirriad Advertising  22p  £47m (LON:MIRI)

The computer vision and AI platform company, today announces unaudited half-year results for the six months ended 30 June 2020. 

· Revenue increased by 109% to £897k (30 June 2019 £429k), despite the impact of Covid-19, as the Group continues to deliver against its strategy

· Cash and cash equivalents of £14.4m (30 June 2019 £9.2m), up 57% following the 2019 fundraise, net of trading losses. Gross cash balance at end August 2020 is £13.3m.

· Cash consumption significantly reduced to £4.5m (30 June 2019 £5.9m), down 24%, through proactive cost management while the volume of activity increased

· Levels of commercial activity recover to record levels in China post initial impact from Covid-19 as advertiser demand increases

· Steadily increasing customer base in the US with new agreements with Condé Nast, Tastemade and Meredith Corporation and, post the period end, Fuse Media

· Significant increase in tier 1 US media company, client and agency engagement and new opportunities opening in adjacent markets, including music video, and in establishing direct relationships with content producers

· Appointment of new Global Chief Marketing Officer, Lianne Norry, in March 2020


Vast Resources  0.1625p  £19.9m (LON:VAST)

The mining Company announced a £1.7m placing at 0.15p. The cash raised from the Placing will be applied towards the additional working capital that is required on account of delays to cash flow caused mainly through the pause in production caused by the safety issue with the railway bridge issue announced on 7 September. 

Following the previous announcement made on 15 May 2020 regarding progress on asset backed debt financing linked to Baita Plai, the Company can confirm that a process, which began in March 2020, with an international banking institution has reached initial credit committee approval after a period of an in depth preliminary due diligence covering technical evaluation, environmental & social impact assessment and KYC analysis following which the Company has now received an indicative proposal with terms and conditions. 


Victoria 335p  £420m (LON:VCP)

The international designers, manufacturers and distributors of innovative flooring, announced a trading statement ahead of its AGM to be held later today.


Trading has continued to be resilient since it last updated the market in July and demand has recovered in all its principal markets. This is reflected in the Board’s view that consumers are prioritising spending on improving and refreshing their homes following the lockdown. The Group continues to carefully manage expenses and cash flow to ensure it maintains its strong balance sheet given the current economic conditions.


Aeorema Comms 19.25p  £1.8m (LON:AEO)

The AIM-traded live events agency, announced a business update following the successful acquisition of Eventful Limited in March 2020, the strategic hires made in May 2020, and the subsequent response to the impact of the Covid-19 pandemic on the way companies look to run live events. 



· An encouraging number of multi-national blue-chip client wins seen in 2020 so far

· Virtual events offering expanded

· Team adapting quickly and capitalising on an increasing requirement for virtual and hybrid events

· Integration of Eventful Limited successful, diversifying and enhancing offering to existing and new clients

· Addition of Strategy Director and associated team in May delivering results – focusing on brand strategy and communications

· Maintained strong cash position in excess of £1 million


Gfinity 3.8p  £28.8m (LON:GFIN)

The  esports and gaming solutions provider, today announces it has been appointed by Cadbury to deliver a new gaming tournament, the “Cadbury Heroes Parents League”.  The tournament will see players competing against one another in a knockout competition, using a leading games title. The final will be hosted from the Gfinity Arena in Fulham in November.  The “Cadbury Heroes Parents League” will involve twelve teams of two players. Each team will consist of one gaming influencer playing alongside a parent or guardian. 


DX Group  16.5p  £95m (LON:DX)

The provider of delivery solutions, including parcel freight, secure, courier, 2-Man and logistics services, announced the opening of two new depots, in Westbury and Oxford, as part of the ongoing expansion of its depot network.   Both depots will serve DX’s Freight division, which specialises in the B2B and B2C delivery of items of irregular dimensions and weight (“IDW”). The c. 14,500 sq. ft. site in Westbury is located at West Wilts Trading Estate, with the slightly smaller Oxford site at Cherwell Valley Business Park.   The new sites increase the division’s network capacity in both regions, and will also drive greater operational efficiency as well as enhance customer service levels.


Breedon 77.9p  £1.3bn (LON:BREE)

Breedon welcomes today’s announcement from the Competition and Markets Authority (“CMA”) that it has reasonable grounds for believing that the undertakings offered by Breedon in connection with its completed acquisition of certain assets and operations from CEMEX , or a modified version of them, might be acceptable. 

These undertakings will require the divestment of a small number of ready-mixed concrete plants and an asphalt plant in England, and two quarries and a cement terminal in Scotland.


City of London Group  72.5p  £30m (LON:CIN)

Conditional capital raise of up to £30m.  Issue price 80p. Placing of up to £5m. Subscription of £25m by Parasol V27 Limited, which is an affiliate and under the management of RG Advisors. CIN is the parent company of a group which focusses on serving two key segments, the UK SME market and home reversion . “COLG believes that the underserved small-to-medium enterprise (SME) lending segment in the UK represents a significant opportunity.  The growth of the banking sector has accelerated over the last decade and it continues to evolve.  At the same time, the SME sector – now with over 5.7m businesses in the UK – is witnessing change when it comes to securing funding and savings needs.”


LoopUP 206p  £114m (LON:LOOP)

Update from the premium cloud communications provider.  Significant new contract with one of the world’s top-5 law firms. Following a successful pilot with 300 users, LoopUp Meetings will now be rolled out globally with the potential to become one of the Group’s largest accounts. 

This contract follows two other top-100 global law firm wins secured during July and August 2020, demonstrating LoopUp’s continued success to expand its footprint in the Professional Services market.

LoopUp has also successfully expanded its existing partnership with C&W Communications, one of the leading telecommunications providers in the Caribbean and Latin America, in a new contract which will run through to the end of FY2022.

The Group has also launched two new online plans for LoopUp Meetings to promote lead generation via the product’s established network effect .


Panther Metals 9.5p  £5m (LON:PALM)

Thee company focused on mineral exploration in Canada and Australia, announced the strategic staking of a further 28 mining claims directly bordering and supplementing  the 100% owned Big Bear Gold Project in Ontario, Canada.

Darren Hazelwood, Chief Executive Officer, commented:

“We are excited to increase the size of our footprint on the Schreiber-Hemlo Greenstone belt with the staking of a further 28 mining claims adjoining and supplementing our Big Bear Gold Project. This decision follows directly from the ongoing interpretation and assessment of our airborne geophysical survey data, soil geochemistry results and fieldwork programmes.  We look forward to communicating our findings to date soon”.


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Derren Nathan

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