This Week
Quoted Micro 16 July 2018
16/07/2018 | 08:40Hotel operator Hydro Hotel, Eastbourne (HYDP) reported flat interim revenues of £1.51m in the six months to April 2018, during a period where building repairs were undertaken. Higher overheads and maintenance costs meant that the loss increased from £153,000 to £200,000. There is £635,000 in the bank.
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Ananda Developments (ANA) joined NEX on 4 July having raised £930,000 at 0.45p a share. Ananda is the latest medicinal cannabis-focused investment vehicle. The pre-money valuation was £500,000 There are already potential investments being assessed and management has built up relationships with businesses in Israel and Canada. A reverse takeover valued at up to £10m appears most likely.
Read More09/07/2018 | 08:48
Medicinal cannabis business investor Sativa Investments (SATI) has raised £500,000 from Miton Investment Management at 4p a share. Demand for the shares remains strong. Executive director Mark Blower has sold one million shares at 4p a share, having exercised options for the same number at 0.5p each, and Non-executive Noel Lyons has sold 500,000 at 4.25p each, having exercised 500,000 options at 0.5p each. Sativa joined NEX on 29 March after raising £1.1m at 1p a share.
Read More02/07/2018 | 09:44
Confirmation of amendments to the Trading Rules of NEX Exchange
03/01/2018 | 12:27NEX Exchange is pleased to confirm that the amended Trading Rules of NEX Exchange to accommodate the introduction of the Markets in Financial Instruments Directive (“MIFID II”) are effective as of today, 3 January 2018.
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NEX Exchange Blog
The Other London Stock Exchange Home to a Diverse range of Companies
19/07/2018 | 09:18NEX Exchange is a growing stock exchange servicing a highly diverse range of companies. Providing the most cost-effective route to market in London, the NEX Exchange’s personal relationship-based approach helps companies realise their growth ambitions.
NEX Exchange welcomes companies from all sectors. From medicinal cannabis to cybersecurity and from cryptocurrency to mining.
One of the newest quotations on NEX Exchange is Tectonic Gold (TTAU), a specialist gold exploration company which owns large-scale assets in eastern Australia’s Lachlan Fold Belt, and has interests in the Otava gold deposit in the Czech Republic. Having successfully raised £530,000 upon admission, Tectonic joins other mining companies on the NEX Exchange
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As Small-cap companies continually strive to achieve growth and in a period of economic uncertainty it is important to reflect on the successes and acknowledge how far a company has progressed.
Last week, NEX Exchange had the honour of being headline sponsor at the 6th Annual Small Cap Awards in London, a once-a-year opportunity to recognise outstanding achievement focused on smaller quoted companies. With over 200 guests attending including company CEO’s, Advisers, Intermediaries and Fund Managers the awards shine a light on the best enterprises and participants in the small and micro-cap community (sub £100m market capitalisation) across twelve categories.
20/06/2018 | 11:40
Crossword Cybersecurity plc is a technology commercialisation company focusing exclusively on cyber security. Crossword works with research intensive universities to identify promising cyber security intellectual property ("IP") that meets emerging real-world challenges. Crossword develops the research concept into a fully-fledged commercial product. Crossword's first product, Rizikon, emerged from City, University of London research into assessing corporate cyber risk. Rizikon Assurance, delivered as a SaaS solution, is aimed at helping companies assess risk in their supply chain and it covers GDPR and cyber security assessments. Crossword has worked with Imperial College, Edinburgh University, Warwick as well as MIT in the USA and EPFL in Switzerland.
Read More20/06/2018 | 12:20
Commentary
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.
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02/07/2018 | 10:04Daniel Thwaites (THW) increased its 2017-18 by 9% to £92.2m, while operating profit improved by 7% to £12.9m. There was a 79% increase in earnings per share to 13.8p, mainly due to a swing from a loss on interest swaps to a profit. The total dividend is unchanged at 4.46p a share. Investment in the pubs and hotels operations and in the new craft brewery at Mellor Brook has led to a rise in net debt from £47.6m to £63.7m.
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18/06/2018 | 08:58NEX company of the year - Crossword Cybersecurity (CCS)
Cyber security technology developer Crossword Cybersecurity originally floated on GXG and then switched to NEX. It was one of the youngest companies that was on the shortlist for this award. Crossword is generating modest revenues and it is developing cyber security products with partners. The real potential for the business will not be realised for a few years.
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19/06/2018 | 09:11