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Alan Green talks FTSE100 mining stocks, plus Cadence Minerals #KDNC, Itaconix #ITX & Mode Plc #MODE on the UK Investor Magazine podcast

Inflation has unnerved markets sending bond yields higher and shares higher. This Podcast addresses the dynamics around higher inflation and what it means for shares listed in London.

Alan Green joins us to look at FTSE 100 Bond-proxies that have the characteristics of strong cash flows and reliable shareholder distributions and explore the outlook in an environment of rising bond yields.

With multiple analysts and economists predicting a commodities super cycle, we touch on FTSE 100 mining shares and how much of a metals rally is already priced into shares.

Mode listed in London last year and investors have questioned ever since whether the Banking App company can be compared to the hugely successful Argo Blockchain. We look at this comparison and whether it would be sensible to make comparisons.

We discuss Cadence Minerals (LON:KDNC), Mode (LON:MODE) and Itaconix (LON:ITX).

Andrew Hore – Quoted Micro 6 April 2021

AQUIS STOCK EXCHANGE

Good Energy (GOOD) says that customer numbers have remained stable since September. The 2020 figures will be published on 13 April. There was £18.1m in the bank at the end of 2020. Good has restructured its two renewable generation debts into one debt facility of £39.8m.

Arbuthnot Banking Group (ARBB) has completed the acquisition of vehicle finance provider Asset Alliance Group for £10.1m, which is 50% of the estimated fair value of £20.2m. Arbuthnot raised £8.6m by selling shares in Secure Trust, in which it retains a 5.74% stake.

Greencare Capital (GRE) is investing £100,000 in Clearly Supplements in the form of a 5% convertible loan. The conversion price is a 30% discount to a listing price. Clearly has developed a range of products and is establishing distribution in Asia.

Gunsynd (GUN) has sold three million shares in Rogue Baron (SHNJ) and raised £120,000. Gunsynd still owns 25% of the spirits brands developer and Chris Akers has taken a 3.48% stake. It also has £111,464 of convertible loan notes in Rogue Baron.

TruSpine Technologies (TSP) has raised £585,000 at 10p a share with each share coming with a warrant exercisable at 15p a share. A further £165,000 may be raised. The cash will fund the FDA application and commercial launch for Cervi-LOK.

Interim revenues of Love Hemp Group (LIFE) jumped from £426,000 to £2.38m. There was a loss of £962,000. There was net cash of £79,000 at the end of 2020. The company is moving into new facilities in south London in the middle of this year. Capacity will increase to 500,000 units of cannabidiol CBD products each month.

Tectonic Gold (TTAU) did not generate any revenues in the six months to December 2020. There was a £60,000 loss, although cash used in operating activities was £141,000.

Altona Rare Earths (ANR) can acquire a 71% interest in the owner of the Nankoma rare earths project in Uganda. There is an option to acquire a 51% stake for £1 by the end of June. The option fee is £25,000 in cash and 250,000 ordinary shares. The stake can be increased to 71% by the issue of £15,000 worth of shares.

S-Ventures (SVEN) has reported figures for the period from its formation on 6 July 2020 to the end of January 2021. There was a £60,000 cash outflow from operations and the company made two investments with another one made since January.

Optiva Securities has been approved as a corporate adviser.

AIM

Parsley Box (MEAL) has got off to a disappointing start on AIM after raising £5m at 200p a share. The shares ended the first day of trading at 185p, before recovering to 187.5p. Parsley Box has a strong brand position in its market niche and Covid-19 lockdowns have helped it to grow its customer base. The company has a range of more than 60 single portion meals, that can be stored in a cupboard and do not have to put in a fridge or freezer. Parsley Box makes more than 900,000 deliveries per month and demand has increased due to Covid-19. There are more than 500,000 registered users and 154,000 of these active customers at the beginning of this year.

ActiveOps (AOM) is a supplier of management process automation software and it got off to a good start after it floated on AIM. The share price has risen from the placing price of 168p to 190p. No new money was raised in the float and there is £8m in the bank. ActiveOps is losing money but its is generating cash. Once customers are gained, they increase their spending over a number of years and this will be supplemented by new customer wins.

Destiny Pharma (DEST) announced positive results of the phase 2b clinical study on the use of XF-73 nasal gel for the prevention of post-surgical infections. The next step will be the design of a phase III study. Discussions are being arranged with the FDA in the US.

Gfinity (GFIN) has completed its strategic review and has decided to continue with its existing strategy of focusing on higher margin revenues. Interim revenues more than trebled and the operating loss fell by nearly three-quarters to £900,000. There is £1.8m in the bank.

Arena Events (ARE) has raised a further £11m at 14p a share, having raised £9.5m at 10p a share one year earlier. The cash will enable management to bid for strategic assets, including Aztec Shaffer, a US company in Chapter 11.

K3 Business Technology (KBT) has written £16.9m off its intangible assets. Ongoing revenues dipped from £50.1m to £48.8m and the software provider made a small profit in the year to November 2020. Recurring revenues are three-quarters of the total.

Itaconix (ITX) increased revenues from $1.29m to $3.29m in 2020. Increased use of its sustainable polymers in detergents, odour control and personal care products is enabling revenues to grow and they will rise further this year. Itaconix is still losing money but it has the cash it requires for the medium-term.

Lawyer Ince Group (INCE) has agreed a £17m, three-year financing arrangement with Investec which replaces the £10m facility with Barclays.

Recent AIM admission TEAM (TEAM) is proposing an all-share offer for Tavistock Investments (TAVI) and shareholders owning 14% of Tavistock have indicated support for the offer from the investment manager.

Energy supplier Yu Group (YU.) generated better than expected 2020 revenues of £101.5m and the loss was reduced. Net cash was £11.7m at the end of 2020. This leaves management in a strong position to increase the scale of the business. This year there will be full contributions from customer books acquired last year. Average monthly new bookings were £10.3m in the second half of 2020.

Time Out (TMO) has raised £17m at 35p a share. This should supply working capital until November 2022.

MAIN MARKET

Macfarlane Group (MACF) is paying up to £4.5m for Cornwall-based protective packaging supplier Carters Packaging. In the year to March 2020, Carters made a pre-tax profit of £500,000 on revenues of £4.2m.

MasMovil has launched a bid for Euskatel, in which Zegona Communications (ZEG) has a 21.4% stake. This values the target at €2bn and the Zegona shareholding at €428m. That puts a value of 170p a share on Zegona.

InnovaDerma (IDP) reported a one-fifth decline in interim revenues to £4.1mand a more than trebled loss of £1m. Management expects trading to be uncertain for the rest of the financial year. The recent fundraising will help to keep the business on a sound footing while it waits for a more substantial recovery.

Andrew Hore

Alan Green discusses ESG and renewables, plus British Honey Co #BHC, Open Orphan #ORPH & Itaconix #ITX on UK Investor Magazine podcast

Why your portfolio needs to improve it’s ESG exposure

Alan Green discusses ESG and renewables, plus British Honey Co #BHC, Open Orphan #ORPH & Itaconix #ITX with Jonathan Roy on the UK Investor Magazine podcast

Alan Green talks markets, Eddie Stobart #ESL, Arkle Resources #ARK & BrandShield #BRSD on the UK Investor Magazine podcast

Are stock markets correctly pricing COVID-19 economic devastation?

Alan Green joins the UK Investor Magazine Podcast shortly after news the Pfizer vaccine will be rolled out in the UK over the next week. Market reaction was muted and we explore whether stocks have already priced in all the good news related to the economic reopening. We also discuss Arkle Resources (LON:ARK), Brand Shield (LON:BRSD) and Eddie Stobart (LON:ESL)

Alan Green talks markets, Power Metal Resources #POW, Itaconix #ITX & Venture Life Grp #VLG on the UK Investor Magazine podcast

FTSE 100: The influences of vaccines and Brexit on London’s leading index

Alan Green talks markets, Power Metal Resources #POW, Itaconix #ITX & Venture Life Grp #VLG with Jonathan Roy on the UK Investor Magazine podcast

Alan Green talks markets, Itaconix #ITX, AB Dynamics #ABDP & Gfinity #GFIN on the UK Investor Magazine podcast

Alan Green discusses markets, US Elections, Itaconix #ITX, AB Dynamics #ABDP & Gfinity #GFIN on the UK Investor Magazine podcast.

Alan Green talks Travis Perkins #TPK, Itaconix #ITX & Power Metal Resources #POW on VOX Markets podcast

Alan Green discusses Travis Perkins #TPK, Itaconix #ITX & Power Metal Resources #POW with Justin Waite on the VOX Markets podcast. Interview is 37 minutes 46 seconds in.

Alan Green talks Santa Rally, Funds, JD Sports #JD, Tiziana Life Sciences #TILS & Itaconix #ITX on Vox Markets podcast

Alan Green discusses Santa Rally, funds, JD Sports #JD, Tiziana Life Sciences #TILS & Itaconix #ITX with Justin Waite on the Vox Markets podcast. The interview is 19 minutes 13 seconds in.

Alan Green discusses Cadence Minerals #KDNC, Tiziana Life #TILS, JD Sports #JD & Itaconix #ITX on the Vox Markets podcast

Alan Green discusses Cadence Minerals #KDNC Amapa project, Tiziana Life Sciences (AIM: #TILS, Nasdaq: #TLSA), JD Sports #JD and Itaconix #ITX on the Vox Markets podcast. The interview is 14 minutes 28 seconds in.

Brand Comms CEO Alan Green argues with Justin Waite about Thomas Cook #TCG on Vox Markets podcast, plus Brave Bison #BBSN & Itaconix #ITX

Brand Comms CEO Alan Green argues with Justin Waite about the investment merits of Thomas Cook #TCG on the Vox Markets podcast, plus Brave Bison #BBSN & Itaconix #ITX. Interview is 29 minutes 7 seconds in.

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