The XNUMXth edition of theAIM Investor Day organized by IR Top Consulting with the support of Borsa Italiana LSEG and the Department for International Trade. The annual event dedicated to the comparison between AIM companies and institutional investors saw the presence of around 200 qualified investors, the organization of one-to-one and group meetings and a large audience of retail investors who followed the live streaming. The event was held in collaboration with Gruppo 24 Ore, AIMnews.it and PMI Capital 24.
Opening speeches by Anna Lambiase, Chief Executive Officer of IR Top Consulting, Silvia Magri, Banitalia Financial Stability Service, Paolo Maggini, CONSOB and Barbara Lunghi, Head of Mid & Small Caps Italy, Primary Markets Borsa Italiana - LSE Group.
Anna Lambiase, CEO of IR Top Consulting: “AIM Investor Day is confirmed as the reference event for AIM Italia with a significant growth in participating companies, meetings with investors, with institutional tables of excellence on market trends and on strategic finance and ESG issues. With the presence of about 200 institutional and professional investors and a large number of companies interested in their valuation on the financial community, it was an opportunity to explore strategies and outlooks, as well as disclosures on non-financial information. The share of PIR investors has grown significantly compared to last year, representing 25% of the free float on AIM; the FTSE AIM Italia index outperforms all other stock market indexes, in particular the FTSE Small Cap index; the AIM companies in the half-year report an average growth in revenues of +14%. We hope that the number of companies on the stock list will continue to grow in 2018 and in the coming years also thanks to the tax credit on IPO costs".
THE AIM ITALIA MARKET (IR Top Observatory on AIM Italia)
The AIM market, which has recorded the highest number of placements in recent years, has a total of 114 companies with a turnover of 5,0 billion euro, a capitalization of 7,4 billion euro and a capital raising in IPO equal to 3,6 billion euro, of which, on average, 93% came from new securities issues (4,1 billion euro funding including secondary transactions). In 2018, the SME stock market counted 25 new IPOs, of which 7 were SPACs, in line with the 2017 prices. In addition, 5 companies were admitted to trading, 4 of which following the Business Combination with SPACs. (Source: Aim Observatory of IR Top Consulting).
INDEXES 2018 YTD
- FTSE AIM Italy: -8%
- FTSE MIB: -15%
- FTSE Small Caps: -27%
- FTSE MID Cap: –19%
- FTSESTAR -17%
FOCUS AIM INVESTOR DAY 2018
The 24 companies participating in the AIM Investor Day: Alfio Bardolla Training Group, BioDue, Blue Financial Communication, Bomi Group, Cellularline, Circle, Clabo, Costamp Group, DBA Group, Digital Magics, Digital360, DigiTouch, Elettra investments, Expert System, Finlogic , ICF Group, Longino&Cardenal, MailUp, Notorious Pictures, Portobello, Prismi, Renergetica, Sciuker Frames, SCM SIM.
The total capitalization is approximately 1 billion euro (40 million euro on average). In 24, the 2017 companies had average revenues of 36 million euros and an average EBITDA margin of 13%. As at 30 June 2018, revenues recorded an average growth of +34%, the average EBITDA margin was 14%.
MAJOR INVESTORS ON THE AIM ITALIA MARKET
The IR Top Consulting Observatory has drawn up the ranking of the most active Institutional Investors on the AIM Italia market, with a total investment of over Euro 10 million. The most present Investor is Mediolanum Management Funds SGR, with a total investment as at 12 November 2018 equal to Euro 96,9 million and a number of investee companies equal to 55. The investments refer to the Funds “Mediolanum Flessibile Sviluppo Italia”, “Mediolanum Flessibile Futuro Italia” and “Mediolanum Challenge Italian Equity”.
