AIM JOURNAL | Aimjournal Copy

Signs of rise in AIM flotation interest

Oil and gas start-up Longboat Energy and promotional products supplier Pebble Group have floated in the past couple of weeks. They are set to be followed by MJ Hudson, which provides support services for fund managers. Even so, 2019 will be a record low number of new companies joining the junior market.

Companies that are considering a flotation next year include chess championships organiser World Chess and inventory finance technology developer Supply Me.

There is even a possibility that Dobbies Garden Centres could make a return to AIM in 2020.

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New oppportunity to TellYourStory

AIM Journal is joining the TellYourStory worldwide online network of specialist and financial publishing websites that already includes Bloomberg and Informa Pharma Intelligence.

This service allows companies to publish videos about their business and results, plus related publications, such as analyst research and presentations, on the relevant websites, as well as on their own.

We will provide more details about TellYourStory in the January edition of AIM Journal. For further information email TellYourStory@hubinvest.com.

Northgate and Redde merger

Fully listed Northgate and AIM-quoted credit hire business Redde are merging in an all share deal that that will create a mobility and automotive services business of wider scope and greater scale.

Redde shareholders will receive 0.3669 of one Northgate share for each share they currently own. Redde shareholders will own 46% of the merged company, which will be called Redde Northgate, and Northgate shareholders 54%.

The enhanced scale should yield cost savings of at least £10m a year. The intention is to pay dividends that are around two times covered by earnings.

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