Eqtec (EQT) & Blue Prism (PRSM): 2 tech-focused AIM stocks to buy now

HIGHLIGHTS

• Eqtec has entered a partnership pact with Wood, a consulting and engineering firm.
• Blue Prism agreed to a £1.22 billion ($1.63 billion) acquisition offer by a US private equity company - Vista Equity.

London Stock Exchange’s (LSE) sub-market AIM has been gaining popularity. Companies that are a lot newer and smaller, often get listed on this submarket of the London Stock Exchange (LSE). The stocks listed on AIM appeal investors as they usually belong to fast-growing companies and hence have the chance to offer attractive returns. Let us review in detail the investment prospect vested in two technology-focused AIM listings – Eqtec and Blue Prism Group.

(Data source: Refinitiv)

Eqtec Plc (LON: EQT)

Eqtec is a specialist provider of advanced gasification solutions. Today, Eqtec inked a collaboration deal with Wood, a consulting and engineering firm. The pact is for the development and deployment of clean, waste-to-synthetic natural gas and hydrogen solutions.

Recently, Eqtec had announced a financial closure for its Belišće Project and the first phase of funding for the Karlovač project. Both the projects are being developed by Synergy Projects, which is Eqtec's Croatian joint venture with Sense ESCO.

In October, Eqtec inked an agreement to acquire a 5MWe project in North-Eastern Greece. The acquisition was through Eqtec Synergy Projects Limited. Eqtec, in collaboration with Logik Developments, also secured a resolution to grant planning consent for the deployment of Eqtec technology at the Deeside Refuse Derived Fuel project. It also entered into an agreement with Anaergia Inc for the development of the proposed delivery of the waste-to-energy project at Deeside.

For the six-month period ended 30 June 2021, Eqtec recorded revenue of €0.5 million, and its adjusted net loss was €2.6 million.

The shares of Eqtec are trading at GBX 1.43, up by 7.55% at 9:06 AM BST on 26 November 2021. The market cap of the company £113.47 million.

Blue Prism Group Plc (LON: PRSM)

Blue Prism is a company engaged in developing smart robotics and automation software. The company agreed to a £1.22 billion ($1.63 billion) acquisition offer by a US private equity company - Vista Equity.

On 28 September 2021, Blue Prism and Bidco inked an agreement for the acquisition of Blue Prism by Bidco.

Blue Prism’s H1 2021 revenue grew by 24% year-on-year to £80.4 million compared to £66.6 million in H1 2020. Its total bookings for the period were valued at £98 million, representing an increase of 35% year-on-year.

The shares of Blue Prism Group are trading at GBX 1,294.00, up by 6.50% at 9:13 AM BST on 26 November 2021. The market cap of the company is £1,179.79 million.