Quoted Micro 25 June 2018

NEX EXCHANGE   

Shareholders have agreed to the proposed broadening of investing policy for Sativa Investments (SATI) and the first acquisition under the new policy is George Botanicals. Sativa paid £415,000 in cash and shares for the UK-based wholesaler and distributor of cannaboid medicinal products, including CBD oil. The company is being acquired from the interests of Sativa chief executive Geremy Thomas.

Gas and electricity supplier Good Energy (GOOD) says that this year’s results will be weighted towards the first half because of the cold weather earlier in 2018. There will also be increased investment in the sales team and a digital app in the second half. Good supplies more than 70,000 homes and less than 1% of the business market.

Wishbone Gold (WSBN) nearly doubled its revenues to $8.2m in 2017. There is $257,000 in the bank.

Pelican House Mining (PHM) has bought a 15% stake Mighty Oak Explorations, which has three licences to explore for cobalt and two to explore for lithium in Uganda.

NQ Minerals (NQMI) says the commissioning of plant for the Hellyer project is on course for August. The mine is a few months away from production.

Block Commodities (BLOC) has raised £165,000 at 0.035p a share. The cash will help to finance the launch of a pilot blockchain project in Uganda.

AIM   

Alliance Pharma (APH) is acquiring the marketing rights to Nizoral, an anti-dandruff shampoo brand in Asia Pacific, for £60m. Alliance raised £34m at 91p a share. The rights being acquired, which cover 15 countries, generated net sales of £18.5m in 2017. They would have generated pro forma EBITDA of £7.1m.

Shoe retailer Footasylum (FOOT) has followed up the announcement of its exit from the FTSE AIM 100 index with a set of results that mean it is likely to be a long time before it gets back in the AIM 100. Peel Hunt has reduced its 2018-19 pre-tax profit forecast by one-quarter to £5.3m. Footasylum has been hit by discounting and the weak consumer market. Rental costs are higher than expected.

Social housing software and services provider Castleton Technology (CTP) continues to grow sales to new and existing customers. Two-fifths of customers take more than one product. Full year revenues were 15% ahead at £23.3m with organic growth of 13%. Net debt was 30% lower at £6.3m. There is a contracted backlog of £26.8m.

Frontier IP (FIPP) has taken a 24% stake in Cambridge Material Testing, which is developing software and hardware to measure material characteristics of metal components. The non-destructive tests are quick and require small samples.

Northbridge Industrial Services (NBI) has raised £2.5m at 125p a share. Northbridge will use £1.05m to pay the deferred consideration for the Tasman acquisition. This was originally due in January 2016 and has been incurring an annual interest charge of 8%. The rest of the cash will be invested in rental equipment as demand recovers. Gearing will fall below 20%

Rose Petroleum (ROSE) has published a maiden contingent resource for its interests in the Paradox Basin, Utah. The competent persons report shows a net 2C contingent resources of 12.3mmboe with gas accounting for nearly one-quarter of that resource. A post-tax NPV of $86.9m has been estimated. This assumes a 75% success rate for wells drilled and a recovery of up to 550,000 barrels per well. Each horizontal well is expected to cost $7m. These estimates are based on less than one-quarter of Rose’s acreage.

Myanmar-focused social media platform operator MySQUAR Ltd (MYSQ) is acquiring MyPay Myanmar for £1m in cash and 72.5 million shares issued at 1.38p each. An issue of unsecured convertible bonds has raised £2.22m. Bid talks have been terminated.

Touchstone Exploration Inc (TXP) has extended its credit facility for a further year. The $15m facility lasts until November 2022. The existing oil and gas assets in Trinidad are generating cash and this is also helping to fund the drilling of 12 wells this year. Next year, an exploration well will be drilled on the Ortoire block.

Michael Rowan is switching from chairman to chief executive at Active Energy Group (AEG) and the previous chief executive will focus on developing the forest management operations in North America and CoalSwitch in Poland.

Trading in the shares of URA Holdings (URA) has been suspended because it has not completed a reverse takeover. URA has signed heads of agreement to acquire Entertainment AI Ltd, which has developed tagging technology that enables viewers of video clips to purchase items in the video. It also owns the GTChannel, which runs automotive-related channels across YouTube generating revenues from advertising.

Project management services provider Progility (PGY) plans to cancel its AIM quotation. Praxis, which owns 64.75% of the company is backing the move. There is total support from shareholders owning more than 81% of the company so the cancellation is a foregone conclusion. Praxis is offering 55p a share for shares it does not own.

N4 Pharma (N4P) is making good progress with its therapeutic nanoparticle platform Nuvec. There should be results from studies in he fourth quarter. N4 is conducting studies to identify human cell types that are most responsive to Nuvec. The Sildenafil MR Viagra reformulation commenced a proof-of-concept trial in April and the results are expected in August.

Uvenco UK (UVEN) continues to hold discussions with its main creditor following the placing of its vending machine subsidiaries in administration. Those assets were sold for £1.8m and Uvenco is left with net debt of £1.6m.

Industrial equipment distributor Slingsby (HC) (SLNG) says that a stronger April and May means that sales are 1%lower in the first five months of the year. Compared to a 6% shortfall in the first quarter. Pre-tax profit is also slightly lower. Net debt was £1.4m at the end of May 2018.

Duke Royalty Ltd (DUKE) has increased its interim dividend by 17% to 0.7p a share. The dividend will be paid on 12 July.

RA International Group Ltd provides services to remote locations and it wants to raise £18.8m when it joins AIM. In 2017, RA generated revenues of $53.3m and profit of $13.7m, up from $5m the previous year.

MAIN MARKET    

Oil and gas explorer Upland Resources Ltd (UPL) has completed a placing raising £3m at 2.5p a share. The cash will help to fund the drilling of a well at Wick in the UK and finance potential ventures in Sarawak and North Africa.

Beauty and personal care products supplier InnovaDerma (IDP) continues to find trading tough and it will report a full year pre-tax profit that is £650,000 lower than expected. Revenues will increase from £8.9m to £11m. finnCap had forecast a 2017-18 pre-tax profit of £2.4m on revenues of £13.8m following the 2016-17 full year figures. Last October, InnovaDerma raised £4.4m at 276p a share and that has helped to shore up the balance sheet.

Stewart and Wright (STE) is offering to buy 21.5% of its share capital at 590p a share as part of the cancellation of its listing. That is a 7% discount to NAV. There has been one trade in the shares so far this year. The property investor has been hit by the downturn in the high street.

Pembridge Resources (PERE) is trying to raise $40m and prior to that there will be a ten-for-one share consolidation. The cash will finance the acquisition of Minto Explorations from Capstone Mining, which will cost $37.5m in cash plus shares that would give Capstone 9.9% of Pembridge. Minto is a copper producer in the Yukon. The deal could be completed by the end of July.

Tom Charlton has increased his stake in North Midland Construction (NMD) from 8.4% to 9.4%.

Andrew Hore

Ian Pollard – Tiddlers Corner incl #NFC #REAT #PRP

The city gets its luxury yachts out, fuels its private jets and goes on holiday in August which is when there is a flood of company results from the  the big boys who know that there are not many about to read the news if it is bad. June is an in between month when companies which few may have heard of, are left to make the headlines. But always amongst these tiddlers there will be just a few which are beginning to make their mark and becoming ready to challenge the big uns whose management has lost the plot and become sclerotic. These can the ones to keep an eye open for.

Next Fifteen Communications plc NFC announces that it has made a good start to the new financial year. Organic revenue growth has remained in high single digit figures, with acquisitions performing well and new account wins secured.

REACT group plc REAT found market conditions difficult in the six months to the 31st March. Turnover rose by 16% compared to the first half of 2017 but exceptional non recurring costs helped to produce a loss of of £327,000, virtually double that of 2017. The company claims that operational changes which have been made since the end of the half year will enable it to implement a growth strategy.

Prime People plc PRP The business performed well in the UK during the year to the 31st March but profit before tax was down from £1.9m to £1.19m after exceptional costs of £102,000 relating to the acquisition of Planned Recruitment Group in Hong Kong. Earnings per share fell by approximately a third from 12.97p to 8.58 per share.The final dividend remains unchanged at 5p per share and current activity is said to be encouraging.

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FT article – Hyundai teams up with Audi to promote Hydrogen combustion engine cars – Powerhouse Energy #PHE

Hyundai says hydrogen cars will help protect jobs South Korean carmaker teams up with Audi to collaborate on technology Hyundai says switching to hydrogen will prevent the loss of supply chain jobs that would be at risk by moving to battery-driven electric cars

Peter Campbell, Motor Industry Correspondent  – 20th June 2018

Hyundai is urging manufacturers to produce hydrogen vehicles in order to protect hundreds of thousands of jobs in the supply chain that would otherwise be at risk from a shift to battery-driven electric cars.

Carmakers are striving to produce cleaner vehicles to hit stringent emissions targets that come into force in the EU in 2020, with the bulk of global efforts being poured into battery electric vehicles. Hyundai, one of the companies backing hydrogen power as an alternative to battery technology, says switching to hydrogen also prevents the destruction of component jobs that would be lost by moving to electric cars. More than 600,000 jobs in Germany alone are at risk from the switch from internal combustion engine vehicles to battery cars, according to German car industry lobby group VDA, largely because electric vehicles have significantly fewer moving parts. Hydrogen fuel cell cars, which like electric vehicles also produce zero emissions, have a far higher number of components because the working of a fuel cell engine closely resembles petrol engines. Many of the parts needed can be produced by existing suppliers to the industry.

“Hydrogen technology means people who make internal combustion engines can still have jobs,” said Sae Hoon Kim, Hyundai’s director of fuel cell projects. “We have 300 major suppliers [for the hydrogen car], and most of them are our conventional vehicle suppliers.”

UBS calculated that there are 136 moving parts inside the engine of a VW Golf, compared with 16 for an electric Chevrolet Bolt. Hyundai says about 160 parts are needed for its latest hydrogen car. The South Korean carmaker has entered a partnership with German group Audi to spread the cost of developing the technology and reach more potential buyers with the technology.

“We have to increase the market for hydrogen, or else we will not have a future,” Mr Kim said.

Hyundai has already developed two generations of hydrogen vehicle, the ix35 and new Nexo, which the group will begin selling in the UK for about £55,000 next year.

Under the agreement, Hyundai and Audi will share patents on the technology, and in future will move to joint development. Audi, which is owned by Germany’s Volkswagen, also offers a gateway into the world’s largest vehicle maker.

“The fuel cell is the most systematic form of electric driving and thus a potent asset in our technology portfolio,” said Peter Mertens, board member for technical development at Audi. “For the breakthrough of this sustainable technology, co-operation is the smart way to achieve attractive cost structures.”

Adoption of hydrogen vehicles remains small, hampered by the lack of choice of cars on the market and limited refilling infrastructure. Unlike electric vehicles, which use purpose-fitted charging points but can also be plugged into mains electricity if needed, hydrogen filling stations require expensive pressurised tanks, as well as delivery trucks, and cost about £1m to install.

However, advocates of the technology say not as many filling stations will be required, given that refilling a hydrogen car is comparable to petrol, taking only minutes, compared with electric vehicles that either charge slowly or require a large amount of power to recharge quickly. Speaking on Friday at Renault’s annual shareholders’ meeting, chief executive Carlos Ghosn said he believed the technology was more than a decade away from significant adoption.

Link here to the story on the FT website

David Paul, MD of VectorVest UK discusses Worry Free Investing (WFI) with Nick Batsford on Core Finance TV

David Paul, MD of VectorVest UK discusses Worry-Free Investing and shows investors the best opportunities to safely generate income over time.

The Worry-Free Objectives are clearly defined in this conservative trading system:

  • Capital Appreciation
  • Income from Selling Options
  • Dividends

You’ll soon discover how this sensible system is easy to follow.

Powerhouse Energy #PHE- Keith Allaun discusses the significance of connecting their G3-UHt (DMG) unit to Thornton Science Park’s microgrid and supplying it with electricity.

Keith Allaun, CEO of Powerhouse Energy #PHE discusses the significance of connecting their G3-UHt Distributed Modular Gasification (DMG©) unit to Thornton Science Park’s microgrid and supplying it with electricity.

(Interview starts at 1 minute 58 seconds)

Alan Green on Cadence #KDNC Catenae Innovations #CTEA Warpaint London #W7L Bonmarche #BON & Andalas Energy & Power #ADL

Alan Green CEO of Brand Communications talks about: Cadence #KDNC Catenae Innovations #CTEA Warpaint London #W7L Bonmarche #BON & Andalas Energy & Power #ADL

(Interview starts at 22 minutes 3 seconds)

Salt Lake Potash #SO4 – Lombard Odier AM Increases Stake

Salt Lake Potash Limited (the “Company”) announces that it was notified on 20 June 2018, via the filing of a Form 604 – Notice of change of interests of substantial holder with the ASX, that Lombard Odler Asset Management (Europe) Limited and its affiliates relevant interest in the Company increased on 15 June 2018 from 15,324,000 Ordinary Shares (8.75 per cent of the issued ordinary share capital of the Company) to 17,071,000 Ordinary Shares (9.75 per cent of the issued ordinary share capital of the Company).

For further information please visit www.saltlakepotash.com.au or contact:

Sam Cordin

Salt Lake Potash Limited

Tel: +61 8 9322 6322

Jo Battershill

Salt Lake Potash Limited

Tel: +44 (0) 20 7478 3900

Colin Aaronson/Richard Tonthat

Grant Thornton UK LLP (Nominated Adviser)

Tel: +44 (0) 20 7383 5100

Derrick Lee/Beth McKiernan

Cenkos Securities plc (Joint Broker)

Tel: +44 (0) 131 220 6939

Jerry Keen/Toby Gibbs

 

Shore Capital (Joint broker)

Tel: +44 (0) 20 7468 7967

 

Ian Pollard: Winnstay Benefits From Agriculture Recovery

Wynnstay Group WYN the first half year to the 30th April was seen as  encouraging as the long awaited upturn in the agricultural sector kicked in and farm gate prices continued to recover, Growth was seen in both divisions and revenue from continuing operations rose by 10.3%, profit before tax  by 15.7% and earnings per share by 13.3%. The interim dividend is to be increased by 5%.

Immunodiagnostic Sys Group IDH  Revenue for the year to 31st March declined by 8% on a like to like basis. Adjusted earnings per share fell by 61% and EBITDA by 28%. Profit from operations was down by 43%. According to the new CEO appointed last November  one good sign for the future is that good progress has been made in restructuring the company

Elektron Technology plc EKT updates that Bulgins order book is significantly stronger with year to date orders at record levels. Half year sales are expected to show a rise of some 8% on last year.

Best of the Best plc BOTB Preliminary results for the year to the 30th April were ahead of management expectations and are described by the company as being solid. Like for like revenue rose by 13.3% and profit before tax by by 5.8%. Online like for like revenue increased by 23% and a special dividend of 4.5p per share is to be paid on the 20th July in addition to the proposed ordinary dividend of 1.5p per share due on the 21st Setpember.

Inspired Energy INSE has continued to build on a strong 2017 and is trading in line with market expectations

 

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Catenae Innovation #CTEA – Trust in Media signs Proof of Concept Agreement, Aston Villa FC signs Proof of Concept Agreement & Alan Simpson appointed as CTO

Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology, is pleased to announce:-

  • that its joint venture subsidiary, Trust in Media Ltd has demonstrated the first phase of their Music industry Blockchain application and signed a proof of concept agreement;

  • it has signed a proof of concept agreement with Aston Villa Football Club for the Company’s OnSide Pro solution;

  • senior appointments to the team.

TRUST IN MEDIA DEMONSTRATES FIRST PHASE OF MUSIC INDUSTRY BLOCKCHAIN APPLICATION AND SIGNS PROOF OF CONCEPT AGREEMENT

Trust in Media (“TiM”) has successfully demonstrated their Digital Asset Registration and Transactional Tracking system, the first phase of their distributed ledger based application development (DLT / Blockchain). Alan Simpson (Catenae) and Martin Heath (Trust in Media) demonstrated the system at MIDEM (Marché International du Disque et de l’Edition Musicale) in Cannes on 5 – 8 June 2018. MIDEM is an international B2B music event for key players in the music ecosystem.

As a result, TiM is pleased to confirm the signing of a proof of concept project agreement with a leading provider of rights included music to trial the embedding of the Digital Asset Registration and Transactional Tracking technology within the providers operations. This allows the provider to record digital assets rights information for individual music tracks and capture the playout details of those assets when they are streamed or downloaded.

ASTON VILLA SIGN PROOF OF CONCEPT AGREEMENT

Catenae is pleased to announce that it has signed a proof of concept agreement with Aston Villa Football Club (“AVFC”) for the Company’s OnSide Pro solution.

Under the agreement, Aston Villa’s Foundation will be utilising OnSide, Catenae’s GDPR compliant solution, to manage a number of coaching sessions and community engagements. OnSide will be used to gather various data points including attendance information, training plans as well as diversity and inclusion data for participants to assist in assessing social outcome reporting. It will also be used for time recording, health and safety and risk assessment reporting.  The proof of concept programme is expected to run for 8 weeks, after which a decision will be made regarding the long term adoption of OnSide within the club.

SENIOR APPOINTMENTS

Alan Simpson – CTO

Alan Simpson has joined the Company as Chief Technology Officer.  Alan is a highly regarded technologist with experience gained on a number of high-profile projects, including being the Technical Delivery Manager for BBC’s iPlayer project.  Alan will be responsible for strategy and delivery of technical projects across the group including Trust in Media’s Digital Asset Registration and Transactional Tracking and Payment system which utilises converged private and public distributed ledger technology (Blockchain).

Tony Sanders – CEO

The Board announces that Tony Sanders has been appointed permanent Chief Executive Officer of the Company, Tony had been appointed Interim CEO in September 2017.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).

For further information:

 

Catenae Innovation Plc
Tony Sanders
 

Tel: 020 7929 7826
Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Jo Turner
Tel: 020 7213 0880
Cornhill Capital, Broker
Daniel Gee
Tel: 020 3700 2500



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Catenae Innovation P.L.C. via Globenewswire

Buy Warpaint #W7L says VectorVest. Fundamentals and technical picture add up to an exciting growth prospect.

Warpaint London Plc (W7L) is a colour cosmetics business, based in Iver, Bucks. It is made up of two divisions: close-out and own-brand.  The second and larger own-brand division consists primarily of the Group’s flagship brand, W7 – an extremely creative, design-focused cosmetic brand proposition with a focus on the 16-30 age range, delivering high-quality cosmetics at affordable prices. The W7 brand has grown organically since its inception in 2002 and now contains over 700 items which are sold into high street retailers and independent beauty shops across the UK, Europe, Australia and the US. In 2017, W7 was supplied in more than 60 countries. In 2017 Warpaint completed the acquisition of Retra Holdings Limited, a UK colour cosmetics business with a significant focus on the gifting market, principally for high street retailers and supermarkets including Boots, Superdrug and Asda. Retra owns three major brands: Technic, Body Collection and Man’stuff, in addition to supplying white label cosmetics produced for several major high street retailers including Asda and Matalan.

Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here

On April 25th2018, W7L announced audited FY results for the year ended 31 Dec 2017. In it’s first full year as an AIM listed company, W7L reported a 15.6% hike in proforma revenues to £31.2m, raised proforma adjusted EPS by 8% to 9.4p and paid a final dividend of 2.6p per share. Subsequently in the AGM statement published on June 12th 2018, Chairman Clive Garston confirmed that the Company continued to trade in line with expectations ..”and that the outlook for the rest of the year is encouraging.” “I am particularly pleased to report that our order book for Christmas sales is ahead of last year, both for W7 and the Retra brands… we look forward to providing a further update at the time of the release of our interim results in September 2018.” In a note published on June 13th2018, well-respected research house Hardman & Co pointed out that the company had made considerable progress since the acquisition of Retra, and was “well positioned to maximise the benefit of the additional assets.”Hardman added: “Warpaint has never made a loss and has a very healthy profit margin; it is also net debt-free, has a much faster growth rate than the colour cosmetics sector, and has a very attractive RoE.”

Key VectorVest metrics first highlighted flagged up W7L potential in late April when the RT (Relative Timing) metric first broke above 1, providing early indication of more to come from the steadily rising share price. (RT is a fast, smart, accurate indicator of a stock’s price trend). Today at 235p the W7L RT metric still logs a rating of 1.42, which is excellent on a scale of 0.00 – 2.00. Other high scoring metrics include a GRT (Earnings Growth Rate) of 24%, which VectorVest also considers excellent. Although clearly on an upward trajectory, VectorVest still sees more to come, with a valuation of 279p.

A weekly chart of W7L.L is shown above in my normal format. Over the past year the share has been revalued as shown by the green line study in the price window. The share is on a Buy recommendation on VectorVest and since the low point in September 2017 has charted several rising lows which is bullish price action. The initial target from what is known as a “measured move” in technical analysis is similar to the VectorVest valuation at approximately 280p.

Summary: Fundamentally W7L ticks all the boxes for a niche growth stock, with strong trading continuing all the way from the results statement to the AGM this month. A RS (Relative Safety) rating of 0.88 may deter less adventurous investors, but with a raft of solid fundamentals supported by a bullish charting configuration, VectorVest rates W7L as an exciting growth prospect. Buy.

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