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This week there was one of the rarest sightings on AIM: the under-detected IPO.
Pulsar Helium, which listed on Friday raising around £5m, got off to a decent start with its shares rising 12 per cent in the first hours of trading to 28p.
And while the appetite for new listings has been muted (and to put it mildly), helium startups seem to have little trouble finding investment.
Propeller and Georgina Energy set the IPO trend this year, while helium onea stalwart of the small-cap exploration sector, laid most of the groundwork.
H1’s efforts in Tanzania demonstrated that it was possible to drill a well and find and isolate the inert gas in a manner very similar to conventional hydrocarbon exploitation.
IPO: Pulsar Helium, which listed on Friday raising around £5m, got off to a decent start with its shares rising 12 per cent in the first hours of trading to 28p.
We are now seeing a surge of interest from companies that have converted to helium from more traditional prospecting or have used listed structures on the stock market to find and float assets.
So from a single UK helium listing just over a year ago, we have a vibrant sub-sector boasting names like Mendell Helium (formerly Voyager Life), Mosman Oil & Gas, Predator, Zephyr Energy and 8Mile ( formerly BlueJay Mining). .
Why all the fuss? Well, helium plays a crucial role in the modern economy due to its unique properties.
It is a light, non-reactive gas that does not burn or explode, making it ideal for various high-tech applications.
It is vital for cooling the powerful magnets in MRI scanners, which are essential in healthcare diagnosis.
It is also used in the production of semiconductors, which power the electronic components of everything from smartphones to computers, so it will be critical to the AI revolution.
In scientific research, helium cools particle accelerators and nuclear reactors. It is also crucial in space exploration to purge fuel tanks and pressurize rocket systems.
The demand for helium is high because it is not renewable; It escapes into space once released, making it a valuable and finite resource.
Lesson finished. Now let’s move on to the broader market. The AIM All-Share had a solid week, advancing 1.4 per cent to 744.11, marginally outperforming the buoyant FTSE 100.
A notable one was CoCo Cloudwhich rose 180 per cent to 0.32p after announcing the sale of its IT services subsidiary for £9.2m; a measure that will help pay off your debts. The company also revealed that it is in advanced talks to sell its Connect data center services business.
maternal care The shares rose 24 per cent on Friday to 4.37p following news of a refinancing, a joint venture and a return to profitability.
Investors were particularly excited about a partnership with Reliance Brands to target key markets such as India and Bangladesh, where the brand is expected to resonate strongly.
Oncimmune enjoyed a positive end to a volatile week with shares rising 12 per cent to 15.6p on Friday.
The autoantibody profiling specialist revealed plans to recapitalize the company, aiming to raise at least £2m while halving its debt.
emerson The stock fell 72 percent this week, which many believe is an overreaction.
The drop came following an “unfavorable recommendation” in the Environmental and Social Impact Assessment (ESIA) process for its Khemisset Potash Project in Morocco.
However, Panmure Liberum noted that this is not a formal decision by the regional investment authority and reminded investors that a previous rejection had been overturned at ministerial level.
Oxford Biodynamics It had a similarly difficult five trading days, with 70 percent of its market value wiped out after announcing it was seeking new financing.
The company outlined plans for senior staff to receive a quarter of their salaries in newly issued shares and revealed a review of other funding options, along with possible asset sales or a spin-off of its US division. The stock finished the week at 1.17p.
Security Technology Company Stock Thruvision plummeted 41 per cent to 9.5p after the earnings alarm sounded.
The update came with this small detail: chief executive Colin Evans would be leaving the group to “expand his non-executive director portfolio”.
Finally, Versarien Shares fell 41 per cent to 0.3p after the advanced materials specialist raised £450,000 by issuing shares at a discounted price.
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