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Small Cap Wrap - Mobile Streams, Gaming Realms, STV Group and more...

Small Cap Wrap - Mobile Streams, Gaming Realms, STV Group and more...

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Total number of AIM Companies (Incl Susp):




Total number of AIM Companies trading:




*as at close of business  19 November 2018


Standard List**  of Main Market:


Total number of Standard List Companies


(Incl Susp):




Total number of Standard List Companies trading:




*as at close of business 19 November 2018


NEX Growth Market:


Total number of NEX Growth Market Companies (Incl Susp):




Total number of NEX Growth Market Companies trading:




*as at close of business 19 November 2018               


*A corporate client of Hybridan LLP


**  Standard Listing as defined by Hybridan LLP to be a business with strictly operational activity


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What’s cooking in the IPO kitchen?


Main Market (Premium)


SEEIT will be the first UK-listed investment fund of its kind to invest exclusively in the energy efficiency sector. Looking to raise £150m. Due 11 Dec


AJ Bell—one of the largest investment platforms in the UK—Expects to publish prospectus end Nov. FYSep18—revenues up 19% to £89.7 million, profit before tax up 31% to £28.4 million.  Secondary sell down, Due December.


Sirius Aircraft Leasing Fund targeting a raise of US$250m  - objective is to provide investors with an attractive level of regular income and capital returns through investing primarily in used, single-aisle aircraft. Due 5 Dec


MOD Resources—(ASX:MOD) A$78.7m mkt cap.  Copper exploration and development company focused on the central and western Kalahari Copper Belt in Botswana.  Introduction only. Due c.26 Nov.


Main Market (Specialist Funds)


The Global Sustainability Trust -aiming for attractive risk-adjusted returns by investing primarily in private market investments that are expected to have a positive environmental and social impact raising c.£200m. Due end Nov.




Kropz, an emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa, a phosphate project in the Republic of Congo and exploration assets in Ghana, is looking to join AIM. Offer TBC, expected late Nov


Titon Holdings—international manufacturer and supplier of ventilation systems and window and door hardware. No capital raise. Due 10 Dec. Mkt cap c.£22m.


Greenfields Petroleum (TSX-V:GNF)  production focused company with operated assets in Azerbaijan seeking AIM dual listing including $60m private placement. Mkt cap $12.6m CAD. Expected early December.


Finncap—proposed acquisition of M&A adviser Cavendish Corporate Finance and AIM admission. Offer TBA. Due early Dec


Crossword Cybersecurity Plc* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is investigating the possibility of AIM admission. The Company is proposing to raise up to £2.25 million before the end of December, conditional on Admission.


The Panoply parent company of a digitally native technology services group founded in 2016 with the aim of identifying and acquiring best-of-breed specialist information technology and innovation consulting businesses across Europe, is looking to join AIM. Offer TBC, expected late November 2018.


Nex Exchange


European Lithium—(ASX:EUR)- Introduction to NEX due 26 Nov. mining exploration and development company which wholly owns the Wolfsburg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. Mkt cap c.A$63m


Banquet Buffet


Dairy Farm International (LON:DFI) 9.17p £12bn


“Further to its announcement on 23 March 2018, Dairy Farm International Holdings Limited announced the completion of the combination of its wholly-owned food retail business, Rustan Supercenters, Inc. ('RSCI'), with Robinsons Retail Holdings, Inc. ('RRHI').


Dairy Farm has exchanged its interest in RSCI for new shares in RRHI representing some 12.15% of its enlarged share capital and has acquired a further 6.1% interest in the enlarged share capital from the existing controlling shareholders. This, together with certain on-market purchases made since this transaction was announced on 23rd March 2018, gives Dairy Farm a total current shareholding of 20% in RRHI. As at the date of this announcement, the Gokongwei family, being the controlling shareholders, continue to hold a 51% interest in RRHI.”


We could see no forecasts.


Amerisur Resources (LON:AMER) 12.1p £121.3m


 The oil and gas producer and explorer focused on South America, is pleased to announce that it has entered into a farm-out agreement with Occidental Andina, LLC, an affiliate of Occidental Petroleum Corporation, an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America, across the following exploration blocks: Putumayo-9, Terecay, Tacacho and Mecaya, (the "Farm-out Blocks"), all in the Putumayo region, in southern Colombia.


In consideration of the acquisition of a 50% interest in each block, Occidental Andina will fund a $93.25m exploration and appraisal program between 2019-2021. Occidental Andina will fund 85% of the total planned 2D seismic cost expenditure of US$65,000,000 and 100% of the US$38,000,000 planned drilling program.            


Palace Capital (LON:PCA) 292p £134.6m


 The “property investment company that focuses on commercial property outside London, is pleased to announce that it has exchanged contracts to sell 50 residential units for a total consideration of £18.2m, reflecting 97% of their book value, to the London Borough of Barnet.


The units are part of the 65 residential units acquired as part of the RT Warren (Investments) Ltd portfolio in October 2017, of which three were sold in February 2018 for £1.25 million. The 50 residential units, which are all debt free and uncharged, currently produce a gross income of £0.62 million per annum.”


Mobile Streams (LON:MOS) 0.92p £0.76m


The global mobile content retailer, announces an agreement with CoolGames to provide their HTML5 service to third party companies in India.


Mobile Streams launched their HTML5 games service in Argentina in 2015, with the Indian service following a year later. Featuring over 300 high quality titles which include racing, puzzle and endless runner games, the store has gained subscribers at an encouraging rate, reaching over 6 million subscribers since launch in recent months.


Founded in 2009, CoolGames has been making mobile gaming content available outside of the traditional marketplace and app stores. Using purely HTML5 technology, the company has published hundreds of casual games since its launch.


Gaming Realms (LON:GMR) 5.7p £14.65m


The developer, publisher and licensor of mobile real money and social games, announces it has signed a 3-year revenue share agreement with Endemol Shine Gaming for the distribution of Deal or No Deal Slingo.


Under the terms of the agreement, the distribution of Deal or No Deal Slingo, which has been live on Gaming Realms' Slingo B2C sites for two years, will expand to include the Group's network of B2B operators across the UK, EU and USA.


Kodal Minerals (LON:KOD) 0.14p £10.56m


“The mineral exploration and development company focused on the Bougouni Lithium Project, is pleased to announce the appointment of Mr Steven Zaninovich as the Project Manager of the Company's flagship Bougouni Lithium Project in southern Mali.  Mr Zaninovich is a highly accomplished senior executive in the resources sector with more than 25 years' experience in project management encompassing all stages of mine development.  Mr Zaninovich's most recent experience has been with the delivery and successful commissioning of ASX-listed lithium producer Tawana Resources Ltd's Bald Hill Lithium Project in Western Australia.  His appointment reflects the Company's transition into the development phase as it targets initial production from Bougouni in 2020. “


STV Group (LON:STVG) 331p £129m


STV has announced an innovative new content partnership for digital platform, STV Player. Through a developing relationship with ELEVEN SPORTS, two premium football matches (one each from Spain's LaLiga and Italy's Serie A) will be available live and free-to-air every match week on the STV Player.


The STV Player is the UK's fastest growing broadcaster video on demand service with 2.8m registered users.  The partnership between STV and ELEVEN SPORTS supports the digital growth strategy of both companies and aims to broaden the range of premium content available on STV Player.  It also follows the recent announcement that STV will act as exclusive digital sales agent for ELEVEN SPORTS across all digital platforms and sponsorship as they grow their premium sports business in the UK. Earlier this year, new content partnerships for STV Player were announced with Hopster and Little Dot Studios, as well as an agreement to launch STV Player to Virgin Media's 400,000 Scottish homes for the first time.


Record (LON:REC) 31.9p £60m


HYSep18 results from the  specialist currency manager.


Assets under management equivalent (AUME) broadly flat in USD terms at $61.8bn (31 March 2018: $62.2bn)


AUME increase of 7% in GBP terms at £47.4bn (31 March 2018: £44.3bn)


Client numbers increased to 66 (31 March 2018: 60)


Performance fees of £1.0m


Revenue up 3% to £12.6m


PBT increased by 5% to £4.0m Encouraging range of new business opportunities across products and geographies.


Continued competition and fee pressure in Passive Hedging in particular.


Further innovation in new and existing products, as illustrated by the addition of fifth "Range-Trading" strand to Record's Multi-Strategy product


“Record's future success will depend in large part on our responsiveness to client demand and market opportunities.  The Group's management and staff are working hard to identify such opportunities and to convert them into profitable business. “


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