RentGuarantor moves from Aquis
Rent guarantee services provider RentGuarantor moved from the Aquis Stock Exchange to AIM on 15 August. The final share price on Aquis was 27.5p and the shares closed on the first day of trading on AIM at 35p.
RentGuarantor joined the Aquis Stock Exchange at the end of 2021 and it raised money at 200p/share, but there was subsequently a one-for-ten share consolidation so the equivalent share price is 20p.
There was no new money raised this week, but part of the reason for the switch to AIM is to gain access to additional capital to expand the group. New property legislation is about to come into force, which will affect landlords and this will provide additional opportunities for RentGuarantor.
CURRENT EDITION
THIS MONTH'S TOPICS INCLUDE:
New prospectus regulations from the FCA
Gemfields is selling the Faberge brand
XP Factory hit be hot weather
Bars and escape rooms operator XP Factory increased owned and operated revenues by 12% in the 19 weeks to 10 August.
Boom Battle Bars like-for-like sales were 5.6% lower but have started to recover. The new Reading site is trading more strongly than expected.
Escape rooms operator Escape Hunt like-for-likes were slightly higher. The hot weather hit sales in recent weeks, although not as badly as the overall market. Corporate spending decreased during the period, but bookings are stronger.
XP Factory is doing better than the overall market and it is still on track for EBITDA of £13m by 2028.
Artisanal Spirits expands globally
Scotch whisky supplier and members organisation Artisanal Spirits Company is trading in line with expectations despite US tariff uncertainties. Interim revenues were slightly lower because of the timing of US shipments of whisky.
The company has signed a franchise agreement with PNM Tech Beverages in India, which is the largest Scotch whisky market in the world in terms of volume. It will take time to build up sales.
The Single Cask Nation brand is expanding into new markets. The latest market is Brazil, which is the 15th largest market for ultra-premium whisky. The first exports to Brazil were in the third quarter of this year.
