Small Cap Wrap - Thor Explorations, Imperial X, ADM Energy and more.
The natural resources investing company, has completed the sale of 188,778 shares in Superdielectrics Ltd for a total consideration of £849,501, a profit of £656,003.55 on ADM s original investment leaving ADM with a holding of 6,222 shares following the sale. ADM has received the proceeds from the sale of the investment.
20 May 2021
What’s cooking in the IPO kitchen?
Oxford Cannabinoid Technologies Holdings PLC to IPO onto the Standard List. They are a pre-revenue pharmaceutical company with an objective to develop cannabinoid-based prescription medicines approved by regulatory agencies including the US Food and Drug Administration, the European Medicines Agency, and the Medicines and Products Healthcare Regulatory Authority. Their drug development strategy includes the development of proprietary cannabinoid derivatives, natural phytocannabinoids and other drug compounds that interplay with the endo
Small Cap Wrap - Rotala, Pelatro, MyHealthChecked and more.
The consumer home-testing healthcare company, announces it has on 16 May signed a second contract with Boots UK Limited, the health and beauty retailer and pharmacy group, to supply the MyHealthChecked™ COVID-19 at-home nasal swab kit, laboratory testing service and logistics for day two and day eight (D2/D8) coronavirus testing for international arrivals.
17 May 2021
Dish of the day
Kistos (LON:KIST) readmitted to AIM, following the Company s successful Equity Financing in connection with the Acquisition of Tulip Oil Netherlands. Tulip Oil has a portfolio of assets which include profitable, cash generative producing assets, plus exploration and appraisal assets. Tulip Oil has 19.5 mmboe of 2P reserves and has 102.1 mmboe contingent resources.
Small Cap Wrap - Open Orphan, Mincon Group, Eight Capital Partners and more.
Eight Capital Partners Plc (AQSE: ECP), the investing company whose investment strategy focuses on technology, media, telecom and financial services businesses including listed investing companies, announced the acquisition of financial services business, Innovative Finance Srl.
10 May 2021
Dish of the day
Catena Group completed a reverse takeover on AIM and renamed Insig AI (INSG.L) by acquiring the remaining shares of Insight Capital Partners. Insight, which is based in the UK, is a data science and machine learning solutions company that provides bespoke web-based applications, advanced analytical tools and modern technology infrastructure to make machine learning accessible to investment professionals. Insight has developed five products specifically aimed at accelerating an asset manager s data science and machine learning strategy. Capital to be raised on Admission approximately £6.1m. Mkt
Dish of the day
Glantus Holdings (AIM:GLAN) a provider of accounts payable automation and analytics solutions, has joined AIM. It is focusing on three product areas; Active AP Discovery, Intelligent AP Automation and Advanced AP Analytics, it utilises its internally developed data platform to offer an integrated solution for the finance function, accounts payable in particular. These solutions are offered to over 300 customers, more than 50 of which Glantus classifies as large enterprises. From 2019 to 2020 Revenues increased over 150% to EUR8.5m. 89% of 2020 revenues were recurring made up of a combination of subscriptions and transactional revenues. Issue price 102p raising £10m gross with £4m secondary. Mkt Cap £37m.
By Mark Kenkre10 May 2021
A recent Court of Appeal decision marks a watershed moment for consumer protection in respect of self-invested personal pensions (SIPPs). The court held that SIPP providers can be held liable for losses incurred by consumers who are introduced to investments by unregulated introducers.
Mark Kenkre
On 1 April 2021, the court handed down its judgment in
Adams v Options UK Personal Pensions LLP (Options) [2021] EWCA Civ 474. The facts of the case were that in 2011 the appellant, Mr Adams, was contacted by an unregulated introducer CL&P Brokers (CLP). CLP gave Adams information about the possibility of investing in a company called Store First, which leased storage pods. In 2012, Adams went on to set up a SIPP with Options to hold this investment. After transferring his existing pension into the SIPP, Adams became concerned at the poor performance of the investment and commenced proceedings against Options, seeking damages and to unwind his contract wit