Our daily digest of news from UK Small Caps 6th May 2025 @HybridanLLP * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Dish of the day Admissions: None Delistings: Advfn (AFN.L) left AIM and Vulcan Industries (VULC.PM) left AQSE. Whilst we were away, on Friday 2nd May, Brighton Pier...
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: Greatland Gold (AIM:GGP) announced on 10 September 2024 that it had entered into a binding agreement with certain Newmont Corporation subsidiaries to acquire Newmont's 70% ow...
2nd September 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: St Mark Homes (AQSE: SMAP) has delisted from the AQSE Growth Market. East Imperial Plc (EISB.L) has delisted from the Main Market. ReNeuron Group (RENE.L) has delisted from AIM. Infrastructure India Plc (IIP.L) has delisted from AI...
2nd August 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Delistings: Lok’nStore Group (LOK.L) has delisted from AIM Tyman (TYMN.L) has delisted from the Premium segment of the Main Market What’s baking in the oven? ** Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email...
8th May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to trading on the Aquis Stock Exchange ...
19th March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object...
4th August 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object...
23rd May 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Consumer demand for Escape Hunt’s experiential leisure sites has rebounded strongly since reopening. At the same time, the company continues to gain scale with acquisitions outperforming and site rollouts on track to exceed targets. Such solid trading and operational progress improve the company’s long-term profit outlook.
Escape Hunt (ESC) released 2020 results this morning. The company made strong strategic progress despite a difficult market. Escape Hunt almost doubled its portfolio of owner-operated sites, introduced successful digital and remote-play products and restructured its franchise business for scalable growth. As a result, we see the potential for run-rate Adjusted EBITDA to reach £0.5m based on the company’s current estate and franchises. Going forward, we expect site additions and potential new fra...
Escape Hunt (ESC) has conditionally agreed to acquire its French master franchise partner, BGP Escape (BGP). Together with UK sites currently in build, ESC expects BGP to add enough scale for the group to reach positive EBITDA when conditions normalise and new sites have matured. The acquisition is attractively priced at only 1x EBITDA before earnout payments.
Escape Hunt’s digital and remote offerings have experienced stronger than expected demand, particularly from corporates restricted from physical events, including multi-nationals looking to bring teams together in different parts of the world. These new products are making a significant contribution to the impact of regulated site closures and restrictions on household mixing. The success of the company’s digital and remote strategy has led management to position these high margin products as a ...
Recent trading indicates that market demand for escape rooms is strong. To meet this demand, the company is building out sites on schedule and does not see buildout targets being impacted by the lockdown. As a result, we believe Escape Hunt is well-positioned to deliver high returns to investors post lockdown. During lockdown, we see cash management being supported by remote game sales, the government’s furlough scheme and effective cost control measures.
Escape Hunt announced the acquisition of its Middle East master franchise partner, Escape Hunt Entertainment LLC (“EHE”). The operation offers high potential returns at modest cost and risk to Escape Hunt. The transaction also pushes the company’s rollout ahead of our forecasts. Such acquisition opportunities, combined with attractive new lease terms and rebounding early demand, position the company for strong return potential.
Escape Hunt has seen a recovery of revenue levels that indicates to us that fundamental consumer demand for escape rooms remains solid. The company appears on track to expand its portfolio of sites to reach breakeven in the UK. Continued recovery and growth partly depends on government lockdown measures, but we take comfort in the company's increasing efficiency and flexibility on costs and its new remote and digital games.
Escape Hunt offers high ROI and was growing rapidly ahead of lockdown. The company raised £4.3m in July to continue its rollout of new sites. We provide three rollout scenarios to reflect a range of consumer demand. Our scenarios envision EBITDA breakeven between Q1 2021 and Q1 2022 and annualised EBITDA between £0.6m and £2.3m by the end of 2022.
Five Directors at Escape Hunt Plc sold/subscribed to 1,511,044 shares at between 125p and 135p. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's direct...
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