Growth Company Investor

Investor news

Published: 20 December

Author: Alan O'Brien

Type: Investor news

Year: 2007

Growth Company Investor

AIM floats scheduled for the week before Christmas include Sabien Technology, a UK venture with the rights to a system known as "M2G", which helps to cut energy consumption by up to 35 per cent in commercial and industrial boilers. The group expects to debut on Wednesday with a £13.8 million price tag following a Bell Lawrie-led £4 million funding comprising a £3.2 million placing at 52p, and an £800,000 loan note issue.

The same day, AIM followers should keep their eyes peeled for Russia-focused oil and gas explorer Timan, boasting three licences in the Timan-Pechora region of Western Russia, as well as an 80 per cent interest in licences over two exploration blocks in the Caspian Sea.

Thursday should see car retail consolidation vehicle Vertu Motors accelerate onto AIM. Its directors, formerly senior figures at Reg Vardy, are experienced players in this sector, and the group will look to buy businesses with performance improvement potential that may also contain freehold property. Brewin Dolphin is broker and adviser to the float.

Monday marked debut dealings in £100 million fund Clean Energy Brazil (CEB), where the non-executive chairman is British American Tobacco COO Antonio Monteiro de Castro. Brought to AIM with a mandate to invest directly in Brazil?s sugar and ethanol industry by Numis Securities ? which developed the concept, built the management team and backed the company alongside institutional investors ? the shares edged up from the £1 placing price to 102.5p in early dealings today.