Market Weekly Digest – 2nd September 2017

The week in shares aims to give some reminders and pointers as to news items Share Talk covered this past week. As always, we remain completely impartial and never tip or advise buy/sell decisions on stocks.

Mirada plc (AIM: MIRA)

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A new contract win was announced for its Iris multiscreen product with ATN International, Inc. (“ATNi”). Under the contract, Mirada will provide products and services to four different Caribbean operators owned by ATNi located in the U.S. Virgin Islands, Bermuda, the Cayman Islands and French Guyana.  Mirada will deploy its complete suite of Iris multiscreen products, including its over-the-top (“OTT”) solution and back-end platform, Iris SDP, across these networks. The commercial launch and subsequent commercial deployment is expected to occur towards the end of Mirada’s current financial year. News of the contract moved their share price briefly north.

Chesterfield Resources plc (LON:CHF)

A new company entered the AIM market on Tuesday armed with a wallet containing £1.25 million in cash. Running the ship is Christopher Hall who has his eyes set on an asset in the mining industry within Europe. The Company intends to focus on an Acquisition where value is trapped by virtue of a capital or expertise deficit, which may often occur in family controlled businesses and small companies or where the business or assets are considered non-core by a larger natural resources company. Anyone company in that position may soon find themselves on Christopher’s phone contacts as he looks to strike a deal.

Starcom Plc (AIM:STAR)

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Starcom which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people announced that an agreement has been reached with CropX Ltd. The agreement will see the supply of a number of units based on the technology of Kylos Air, with agreed modifications to suit the needs of CropX. They are an Israeli company which is now a world leader in the provision of its devices to farmers enabling them accurately to measure the irrigation needs, in real time, of their crops through the deployment of sensors in their fields. A good win for Starcom and who knows if the results might help us discover who keeps making those pesky crop circles everywhere.

Thor Mining Plc (ASX,AIM:THR)

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The company reported positive outcomes from a diamond drill hole at the Desert Scheelite deposit at the company’s wholly owned Pilot Mountain tungsten project in Nevada, USA. This included several scheelite (tungsten trioxide) mineralised intervals that were identified by blue fluorescence under ultra violet “UV” light, as well as intercepts of sulphide mineralisation including copper bearing chalcopyrite. While waiting on the completion of the drill programme and the receipt of all final assay data, they can make good use of the UV lights at the Burning Man festival taking place in the state.

Frank Lewis talks IPOs and Cash shells

Who doesn’t like to learn more about International IPOs and in particular Chinese companies? We spoke with the well-traveled and widely respected Non-Executive Director, Frank Lewis. He outlines a set of principles and guidance for companies looking to IPO in London which can also be viewed on his website www.franklewis.co.uk
We also discuss cash shell companies and why there seems to be a traction towards main market listings other than AIM of late.

Empyrean Energy PLC (AIM:EME)

There’s been a lot of excitement building with Empyrean Energy share holders since the last update mud logs have indicated additional zones of significant gas shows. These have occurred even though the drilling mud weight has been increased to control the levels of background gas for safe drilling. The news saw their share price soar this week. Who knew that mud and gas could case so much excitement outside of the Glastonbury festival!

eg solutions plc (LON:EGS)

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eg solutions revealed that it has entered into a five-year Master Supplier Agreement with a leading provider of business process management in the UK. Under the agreement with an existing customer, the Company has been appointed as the preferred supplier of back office workforce optimisation solutions for a minimum of five years. All of the pre-existing annual and three-year term contracts will be replaced by the new Agreement along with new licence subscription sales made in the last month which will continue through the five year term. The total contract value over the term will be a minimum of £8.12m including £1.4m incremental revenue.

 Thought of the week…

There’s been a lot of eyes on the energy sector recently especially around UKOG. Will the UK continue plans to keep exploring it’s own resources and what impact will that have post Brexit as we distance ourselves from our European friends?

If you have any thoughts on this blog or simply want to write to us to say how we can improve the site or maybe even suggest a company for us to interview – we would love to hear from you! Contact us at enquiries@share-talk.com

@TheRumTraderLSE

 

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