* A corporate client of Hybridan LLP.
** Potential means Intention to Float (ITF) or similar announcement has been made.
***Arranged by type of listing and date of announcement.
****Alphabetically arranged and Closing Price on prior day to Publication.
Dish of the day
Admissions:
On Friday 27th June, Tap Global Group plc (TAP.L), completed their move from AQSE to the AIM market. Tap Group is a fintech provider, specialising in traditional money account management and cryptocurrency settlement solutions for over 390,000 registered users. Tap Group's mission is to create a fully regulated bridge linking fiat financial systems, traditional assets, and cryptocurrency markets, providing a single solution for over 560 million crypto users globally.
Delistings:
Invinity Energy Systems (AQSE:IES) left AQSE
What’s baking in the oven?
Potential** Initial Public Offerings:***
Updated 10th June: iFOREX Financial Trading, the fintech business with a proprietary online and mobile trading platform for multi-asset contracts for difference, announced that its proposed IPO onto the Main Market, which was expected to occur in late June, will be briefly delayed. A routine thematic compliance inspection commenced earlier this year in the BVI, which was disclosed in the Company's Registration Document, requires additional time to enable finalisation ahead of the IPO. The inspection process is close to completion and the Company anticipates only a short delay to the IPO timetable. The Company reports the IPO has received strong investor interest and based on firm orders received to date, the institutional offer is heavily oversubscribed. Deal size and timing remains TBC.
Banquet Buffet****
CAP-XX 0.23p £14.5m (CPX.L)
The developer of high-performance supercapacitors and energy storage solutions announces a global distribution agreement with a UK listed industrial and electronic components suppler RS Group plc (RSI.L) whose turnover is around £2.9bn. This builds on CAP-XX's expanding global presence through a number of premier distribution partners. The Agreement extends the global availability of CAP-XX's prismatic, cylindrical, and hybrid supercapacitors through RS Group's far-reaching logistics infrastructure. These partnerships position CAP-XX to support a wide range of applications in IoT, automotive, consumer electronics, industrial automation, and energy storage and further accelerating the Company's accessibility worldwide.
Cirata 28.75p £34.1m (CRTA.L)
The provider of collaboration software announced a $700k, two-year Data Integration software contract win with a top five Canadian bank. The Company believes this renewal represents confidence in Cirata and its implementation of Live Data Migrator across multiple use cases, including data migration, synchronisation, and disaster recovery. This contract will be transacted through Google Marketplace.
CloudCoCo Group 0.265p £1.9m (CLCO.L)
The e-commerce and IT procurement business announced its interim results for the six months ended 31 March 2025. Revenue was £3.4m (H1 2024: £4.3m), with 89% generated from e-commerce sales (H1 2024: 83%). Gross profit was stable at £228k for the period, with gross margin improving to 7% (H2 2024: 5%) due to better pricing and automation benefits. Trading Group EBITDA was £26k (H1 2024: £21k) and a cash balance of £818k at 31 March 2025 (FY 2024: £1.04m), after repaying legacy debt and investing in core operations.
Coro Energy 0.975p £4.6m (CORO.L)*
The South East Asian renewable energy developer announced a corporate update and its final results for the year ended 31 December 2024. Across the period, Coro signed three binding 14-year Power Purchase Agreements to deliver solar power to multiple Mobile World Group (MWG) commercial and industrial rooftop solar sites in Vietnam with a total capacity of 2.6MW. They also achieved a commercial operation date and first revenue from 1.2MW of these MWG sites. A further 0.8MW of commercial and industrial (C&I) rooftop solar capacity is now operational and revenue generating with Mobile World Group. The estimated run-rate annual cash flows to Coro from the total 6.4MW is approximately US$720,000.
Guardian Metal Resources 55.5p £75.3m (GMET.L)
The strategic mineral exploration development company focused on tungsten in Nevada, USA, announced assay results from the Tempiute tungsten project and newly staked exploration targets. Tempiute, formerly known as the Emerson Tungsten Mine, is located in south-central Nevada less than 250 miles (402 km) southeast of the Company's Pilot Mountain tungsten project. There was high grade tungsten mineralisation confirmed along >1,300 m strike length of outcropping skarn at Tempiute where historic underground mining was carried out up to 350m below surface. Rock chip samples returned assay values up to 0.94% tungsten trioxide (WO3). The Company's 2025 sampling has confirmed significant gallium results across the historically mined horizon with samples up to 90 ppm Ga.
hVIVO 11.25p £77.3m (HVO.L)
The full-service Contract Research Organisation and the specialist in human challenge clinical trials, congratulates Cidara Therapeutics on the positive topline results from their Phase 2b field study, for which hVIVO recruited participants and performed the virology and immunology laboratory services. The study was to determine the efficacy of Cidara's drug-Fc conjugate, CD388, which is designed as a non-vaccine preventative of seasonal influenza.
Kodal Minerals 0.27p £51.6m (KOD.L)
The mineral exploration and development company, announces that an off-take agreement has been signed for the spodumene concentrate produced by the stage 1 dense media separation processing plant at the Bougouni Lithium Project in Southern Mali. The Off-Take Agreement is between the local Mali registered mining company Les Mines de Lithium de Bougouni (a subsidiary of Kodal Mining UK Limited in which Kodal has a 49 per cent. shareholding) and Hainan Mining Co. Ltd, whereby Hainan will be the exclusive buyer of 100 per cent. of the product produced by the DMS processing plant at the Project. The Off-Take Agreement is for a period of four years with an annual review of the quantities to be sold and floor price for the concentrate.
MediaZest 0.085p £1.5m (MDZ.L)*
The creative audio-visual solutions provider announced its unaudited interim results for the six months ended 31 March 2025 as the Group delivers significant revenue growth and a return to profitability at the EBITDA and pre-tax level. Revenue was £1,906,000, up 63% (H1 FY24: £1,173,000) and Gross profit was up by 61% to £1,127,000 (H1 FY24: £701,000). EBITDA improved significantly to a profit of £197,000 (H1 FY24: loss of £28,000). Significant increase in H1 performance driven by long-term project roll outs with key customers including Arc’Teryx, Hyundai, KIA, Lululemon Athletica and Pets at Home. Recurring revenue streams grew significantly during the Period, underpinned by extensions of ongoing contracts following additional roll out projects and new business wins including a global project in Duty Free stores in airports.
The international designers, manufacturers, and distributors of innovative flooring, announced that it has reached agreement on a new £130m Super Senior Facility. This new facility will replace the Company's existing Super Senior Revolving Credit Facility (RCF) due in February 2026, representing a step forward in the Company's plan to strengthen its financial position and address its near-term debt maturities. The new £130m facility combines both term loan and revolving credit elements and offers considerably enhanced flexibility compared to the existing RCF.
Westminster Group 2.3p £9.9m (WSG.L)
The supplier of managed services and technology-based security solutions worldwide announces it has secured two new significant contract awards totalling £680k. The first award is a contract to provide a Parliamentary Broadcast System to an East African Parliament, involving the provision of a sophisticated broadcast and recording audio visual system for the parliamentary debating chamber. The system combines a state-of-the-art multimedia conferencing system with broadcast quality IP cameras and audio system for recording and broadcasting parliamentary debates to media outlets and social media platforms. The second contract award is for a worldwide broadcaster to provide advanced security screening systems to their UK operations.
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