Press Release of the Day - RoxStars

 

18th June 2025

Hybridan Small Cap Feast

* 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

 

 

Dish of the day

 

Admissions:  

Ajax Resources (AQSE:AJAX) has moved from the Main Market to AQSE.  Ajax is pursuing a strategy as a natural resources investment Company, with a focus on Copper, Gold, Zinc, Uranium, and Lead. The Company completed its first acquisition on 21 May 2025, the purchase of Puna Metals S.A., holding the mining rights for 12 licences, collectively forming the Eureka Gold and Copper project in the north-west corner of the Province of Jujuy in Argentina.

 

Delistings:    

Yesterday, Science in Sport delisted from AIM. 

 

Today, XLMedia delisted from AIM and Harmony Energy Income Trust left the Main Market. 

 

 

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. 

 

Market Movers:

13th June: Tap Global Group plc (AQSE:TAP), the digital finance hub that brings money payments and cryptocurrency settlement services together in a single user-friendly app, announced its intention to apply for Admission to trading on AIM and cancel the Admission of its Ordinary Shares to trading on the AQSE Growth Market.  Expected Admission will become effective on AIM, at 8.00 a.m. on 27 June 2025. Cancellation of the trading of the Ordinary Shares on the AQSE Growth Market will take place simultaneously with Admission.

 

 
 
 
       
     

Banquet Buffet****

 

 

Blackbird 5.25p £20.32m (BIRD.L)

The technology licensor, developer, and seller of both cloud and native video editing platforms, made a statement at today’s AGM. The Chair highlighted that 2024 is the first time that the Blackbird division delivered a positive EBITDA (£0.5m), and positive cash flow. There were several key renewals, including multi-year deals with FIFA and annual renewals with the US Department of State and CBS Sports. The new video platform, elevate.io, is built and is a unique proposition. At its core is an online video editor with real-time collaboration and integrated digital asset management and is aimed at the Creator Economy and Corporate markets with an estimated initial serviceable addressable market of $6.9bn. The team will continue to look at different marketing channels appropriate to the product's progression.

 

Coinsilium Group Limited 36.0p £122.5m (AQSE: COIN)

The investor, advisor, and venture builder announced the result of its retail offer via the Winterflood Retail Access Platform at 22.2 pence per share. Due to a more than 400% oversubscription on the initial facility offer of £2.5m, the Company has determined to expand the facility to £4m to better accommodate demand. The Company has therefore raised aggregate gross proceeds of approximately £4m in an offering that closed early as announced on Tuesday, 17 June.

 

Dewhurst Group 800p £48.4m (DWHT.L)

The UK-based supplier of technological solutions to the lift, transport, and keypad market sectors announced its Interim Results for the 6 months ended 31 March 2025 which were in line with management expectations. Overall, Group revenue increased by 2% to £31.6m (2024: £31.0m).  Operating profits have increased by 5% to £3.8m (2024: £3.7m).  Profit before tax increased 4% to £4.1m (2024: £3.9m) and cash at the period end was £11.5m (2024: £19.9m).  The Board expects a challenging second half of the year, with headwinds impacting on growth prospects in several key markets.

 

Electric Guitar 0.07p £0.2m (ELEG.L)

The AIM cash shell announced that it has raised £775,000 by way of a placing at a price of 0.08p.  The estimated net proceeds of the Placing will be used to fund the Company's anticipated costs of an acquisition (which would be a reverse takeover under the AIM Rules for Companies) and for general working capital. It is expected that the Ordinary Shares would be suspended from trading on AIM on 25 June 2025 as an RTO will not have completed by then. The Placing has been undertaken to secure sufficient funds to finance the Company's anticipated costs of an RTO and enable the Company to bring these discussions to fruition. Further announcements will be made in due course as matters progress.

 

MobilityOne 1.4p £1.5m (MBO.L)

The e-commerce infrastructure payment solutions and platform provider announces an update on trading and the outlook prior to the release of its audited results for the financial year ended 31 December 2024 which are expected to be published by the end of June 2025.  Unaudited revenue expected of £230.2m (2023: £241.67m) with the decline in revenue due to softer demand in the Group's mobile phone prepaid airtime reload and bill payment business. Increased unaudited loss after tax of £3.45m (2023: loss after tax of £1.41m) and Cash and cash equivalents as at 31 December 2024 of £3.98m (31 December 2023: £3.54m.  The Directors anticipate a challenging business environment and remain cautious about the outlook for the remainder of 2025.

 

Oxford Metrics 57.8p £71.03m (OMG.L)

The smart sensing and software Company servicing life sciences, entertainment, engineering, and smart manufacturing markets, reports interims to March 2025. Revenue at £20.1m decreased 14% compared to last year which had included the delivery of a particularly large order. The Loss before Tax is £0.4m compared to a £3m profit with restructuring completed and a new product going live in March 2025. The net cash position was £39.9m compared to H1 FY24: £54.8m, which is sufficient for further targeted M&A and capital returns. The US operation has had several pipeline opportunities cancelled or delayed beyond the current financial year. H2 is broadly reported to be trading in line with expectations as the fundamental business drivers remain strong. The Board approved a further £4m extension of the share buyback programme to take it up to £10m.

 

Panther Metals 59.5p £3.1m (PALM.L)

The exploration Company focused on mineral projects in Canada announced the appointment of Julien Bosche to the Advisory Board. Julien brings over 16 years of mining investment and private equity related experience, including merger and acquisition strategy, transaction execution, and deal origination.  Until recently, Julien was part of the management team that took Trident Royalties, an AIM-listed, diversified mining royalty Company, from a small cash shell to a successful sale to Deterra Royalties for £144m.

 

Petro Matad Limited 1.3p £19.3m (MATD.L)

The Mongolian oil Company provided an update that under its Oil Sales Agreement, Petro Matad has received partial payment of its invoice for Block XX oil production from PetroChina from the October 2024 start-up of Heron 1 to the end of April 2025. Gross proceeds of $1.18m were received representing 70% of the invoiced amount. PetroChina has withheld 30% pending confirmation from the Mongolian tax authorities that there will be no customs, VAT, or other tax charges levied on them in their role as processor and transporter of the oil. After royalty payments and the government's share of the revenue, Petro Matad's net receipt from this payment is $0.81m.


Vault Ventures 0.0375p £1.7m (VULT:AQSE)

The Company focused on identifying, developing, and commercialising early-stage technology businesses, primarily in the blockchain and fintech sectors, confirmed the completion of its retail offer via the Winterflood Retail Access Platform. The Company initially set out to raise £100,000, the directors have resolved to increase the offer, but materially scale back the subscription applications to raise gross proceeds of £250,000 at a price of 0.018 pence per share.  The proceeds from the WRAP Offer will further compliment the £1m raise announced on Monday 16 June 2025.

 

Zambeef Products 3.75p £11.3m (ZAM.L)

The food retailer has reiterated the guidance provided in the Company's previous Trading Update of 7 May 2025, and therefore there is no change to the most recent market expectations as updated on 7 May 2025. The EPS for the half year ended 31 March 2025 is expected to be 43% lower than that of the corresponding financial period ended 31 March 2024. The decline in EPS for the half is primarily attributed to a significant increase in financing costs, driven by the debt levels and an escalation in the monetary policy rate, as well as increased income tax charges. These factors eclipsed the growth in operating profit recorded during the period.

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