Hybridan Small Cap Wrap - Transense makes sense, Beacon Hill shines a light and William Sinclair plants the seeds for growth

Wednesday, Jun 02 2010 by
Hybridan Small Cap Wrap  Transense makes sense Beacon Hill shines a light and William Sinclair plants the seeds for growth

AquaSource Algae Group (AAGP 1.25p/£0.73m)

AquaSource Algae Group, which sells natural food supplements and body products, announced its preliminary results for the year ended 31 December 2009. The group was able to achieve revenue of EUR3.73m (EUR 3.5m) with PBT of EUR0.351m (EUR 0.237m) and EPS of EUR0.47 (EUR 0.17). Whilst cash from operating activities fell to £0.10m (£0.19m), a capital expenditure adjustment resulted in an increase in cash of EUR 0.28m (EUR 0.054m) for the year. With, a positive year of results, together with the wider implementation of a sales and marketing initiative that has already delivered increased sales in Bulgaria and Greece, we feel that the AquaSource Algae has a rosy future ahead.

Angel Biotechnology Hldgs (ABH 0.18p / £3.85m)

Further to our comment last week on Angel, the Company has announced another contract with Materia Medical. And this one is for £1.3m. This is a significant value considering the small market capitalisation of Angel and further demonstrates the Company’s ability to sign deals and deliver on them, hence the ongoing relationship with Materia Medica, amongst others.

The work on the contract is due to commence imminently and complete in 2012. We reiterate last week’s opinion that we think the share price doesn’t reflect all of the new business Angel is signing and so now is definitely the time to buy.

Beacon Hill Resources (LON:BHR) (BHR 4.5p/£11.64m)

Beacon Hill, the mining group, has commenced excavation works to extend the existing opencast pit at the Minas Moatize coal mine, Tete Province, Mozambique. Work is intended to lift production by 120,000 tonnes over the next 12 months while the refurbishment of the underground mine is expected to yield an increase from 2.5kt per month to 8kt per month. These are small steps prior to establishing a large scale open cut operation targeting c.4Mtpa and revenues in excess of $200m within 18 months though this will require significant capital investment. Still a hill to climb but looking attractive at this price.

Equatorial Palm Oil (LON:PAL) (PAL 12.75p/£10.38m)

The Liberian palm oil developer that recently IPO’d onto Aim has announced an investment of £5m from a major Indian conglomerate. The 29.1 per cent stake (of the enlarged Company) taken by BioPalm Energy Ltd (part of The Siva Group, a $3bn company) was priced at 15p per share, a significant premium of over 40 per cent on the…

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Transense Technologies plc is engaged in the manufacture of electrical switchgear management systems. The Company's segments include SAWsense and Translogik. The SAWSense segment designs and develops surface acoustic wave (SAW) sensor devices that can be used to measure torque, pressure and/or temperature. This technology has a range of uses, ranging from custom applications through to high volume mass markets, such as passenger cars. The Translogik segment designs and manufactures a range of tire pressure monitoring systems (TPMS), products and services for heavy-duty off-road vehicles, commercial and passenger transport vehicles. These consists of the iTrack system, which provides real-time tire temperature and pressure measurements for mine-haul trucks in service, and a range of tire probes and other offerings for the road transport sector. The Company is also engaged in the development of non-contact batteryless sensors and their electronic interrogation systems. more »

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Zytronic plc is involved in developing and manufacturing of touch sensor products. The Company is also engaged in the development and manufacture of customized optical filters. Its geographical segments include Americas (excluding USA), USA, EMEA (excluding UK and Hungary), Hungary, UK, APAC (excluding South Korea) and South Korea. Its products incorporate an embedded array of metallic micro-sensing electrodes. Its technologies include projected capacitive technology (PCT) and multi-touch mutual projected capacitive technology (MPCT). PCT touch sensors can be constructed from one, two or three layers of laminated, toughened glass. Its sensing products offer touchscreen solution for applications, such as leisure, digital signage, retail, surfaces, banking and industrial applications. Its touch sensors are used in video jukeboxes and slot machines. The PCT touch sensors are used in a range of workplace applications, from medical diagnostic equipment to oil field machinery controls. more »

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  Is LON:TRT fundamentally strong or weak? Find out More »

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About Hybridan


Hybridan is a corporate broker and PLUS markets corporate advisor specialising in fundraising, research and after-market support for small and micro cap companies. We utilise our market knowledge to provide creative financing solutions and strong after-market support. We build long term durable relationships with companies and investors, for the benefit of both. This long term approach, coupled with a high degree of selectivity, yields investments that outperform the market. more »

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