Small Cap Wrap - AJ Bell, Location Sciences, Kromek and more...


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Total number of AIM Companies (Incl Susp):




Total number of AIM Companies trading:




*as at close of business  09 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 09 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 09 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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Wolf Minerals has left AIM after entering voluntary administration.

What’s cooking in the IPO kitchen?


Main Market (Premium)


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.


Nova Ljuublianska banka—financial and banking institution based in Slovenia with a network of 349 branches,  dual listing process in Ljubliana with GDRs in London. For HYJun18 and for FY17 the Group recorded a net profit equal to EUR 104.8 million and EUR 225.1 million, respectively. 50% plus sell down.  Estimated mkt cap EUR1bn to EUR1.3bn. Due 14 Nov


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 early Nov


Main Market (Standard)


Golden Saint Technologies Ltd,  global technology investment company that provides investors with potential return opportunities. The Group has been supplying government organisations and large corporate clients with smart building solutions for the last 20 years, is looking to join the Standard List of the Main Market raising £911,213 at 0.75p. Expected 22 November 2018


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


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


Coinsilium (NEX:COIN) 5.25p £6.2m


“The blockchain venture builder, advisor and investor that finances and manages the development of early-stage blockchain technology companies, provided the following update on its investment in RSK Labs.   Further to the announcement today from RSK Labs, a company where Coinsilium holds 65,000 series Seed-1 preferred shares via its wholly-owned subsidiary Seedcoin Limited, RIF Labs has agreed to acquire the entire share capital of RSK Labs. RIF Labs is a Gibraltar registered company developing a new off-chain infrastructure layer called the RSK Infrastructure Open Standard Protocols ('RIF OS Protocols') using the RSK Smart Contract Network for settlement, identity management and economic coordination in a fully decentralised fashion.


Vast Resources (LON:VAST) 0.48p £27.8m


The company with operating mines in Romania and Zimbabwe, announced that surface exploration drilling has commenced at the Magura Neagra and Piciorul Zimbrului prospecting licences (collectively Zagra) in northern Romania in which Vast has a minimum 90% interest. 


“Magura Neagra and Piciorul Zimbrului are important components of our evolving and expanding global inventory of resource assets. Although further behind in the development curve when compared to the already producing nearby Manaila mine, or our near term production assets at Baita Plai and brownfield Blueberry, the licences are highly compelling by virtue of the historic assessments conducted by the previous state exploration company which pointed to both licences demonstrating sufficient size and scale to warrant a comprehensive exploration campaign.”


Amur Minerals (LON:AMC) 3.14p £21.3m


The nickel-copper sulphide mineral exploration and development company focused on the far east of Russia, is provided a summary of its fully integrated, Strategic Plan.


Engineering - development of the Kun-Manie project to Bankable Feasibility Study ("BFS") level


Off-Site Infrastructure - continue off-mine site development related to the necessary access road, rail station and transport considerations


Engagement of a Strategic Partner(s) - including identification, negotiations and engagement of appropriate and credible industry partner(s)


Phased Funding - a phased funding approach intended to cover potential, partner-specific terms and conditions and project engineering, procurement, and construction management ("EPCM") considerations


Location Sciences (LON:LSAI) 0.03p £5.35m

The “mobile location data and intelligence expert, is pleased to announce the establishment of its new US sales team and the appointment of Warren Zenna as President of US Sales to spearhead the North American expansion.


Warren Zenna represents a key hire for the Company as the USA is by far the largest location advertising market globally. Having previously headed up Havas Media's US mobile advertising team, Warren is a major player in the US mobile advertising market. He has already recruited three key senior sales executives to help bring Verify, Location Sciences verification product for location based advertising, to market.”


Rockfire Resources (LON:ROCK) 1.45p £5.4m


The “ recent drilling at the Double Event Prospect in Queensland has intersected bonanza grade gold up to 26.90 g/t Au. This drilling has defined a further 300m of mineralised strike at Double Event, which forms part of the Lighthouse tenement and opened up the Kookaburra Licence, which is now known to host potentially economic gold grades near surface.”


Three holes containing gold were drilled over the Lighthouse boundary, inside the Kookaburra Licence, which results in a mineralised strike length exceeding 4.5km;


Intersects include:


5m @ 6.39 g/t Au (from 27m), including 3m @ 10.04 g/t Au, and including 1m @ 26.90 g/t Au;


3m @ 2.94 g/t Au (from 15m);


Ironveld (LON:IRON) 1.82p £10.36m


The “the owner of a High Purity Iron ("HPI"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa, is pleased to announce that it has raised £400,000 before expenses through a placing” at 1.65p.


Proceeds of the Placing will be used to fund the purchase of a secondary gyratory crusher and magnetic separation equipment that will be used to process the Company's magnetite ore in order to meet offtake specifications set by a potential off-take partner for commercial scale testing and for general working capital purposes.


The required ore has been mined and 1,000 tons have already been shipped to the potential off-take partner. The equipment to be acquired will allow for a significant increase in the shipment rate.  The Company is being paid for the commercial sample and is hopeful that successful testing could result in a long-term offtake agreement.

Kromek (LON:KMK) 25.25p £60.54m


The “radiation detection technology company focusing on the medical, security and nuclear markets, is pleased to announce that it has been awarded a new long-term supply contract worth a minimum of $7.8 million by an existing OEM customer, a leading company in x-ray imaging systems, for the baggage security screening market.


The contract, which is for the customisation of current technologies and CZT detector modules and employment in the baggage security screening market, covers a five-year period and commences immediately. Kromek's technology is designed to enhance the detection of an extensive range of threat materials, providing improved accuracy and efficiency.”


Nucleus Financial (LON:NUC) 144p £110m


The “independent wrap platform provider, announces that it has executed a long-term agreement with Bravura Solutions (UK) Ltd ("Bravura") to provide direct access to its Sonata application, the core system underpinning the Nucleus wrap platform. This new agreement, coupled with recent recruitment in key areas of its technology team, will enhance the Company's control over the platform technology and enable Nucleus to accelerate the rate of product development for the benefit of its users. The board believes this will assist the Company in driving future inflows and AUA growth. “

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