Small Cap Wrap – Frontier IP Group; 88 Energy Ltd; Oncimmune Holdings and more….

Frontier IP Group (LON:FIPP) 65p £32.9m

 Frontier IP, a specialist in commercialising mental assets, has lifted its equity stake in portfolio organization Celerum Confined from ten for each cent to 33.eight for each cent.

 

Dish of the working day

Unconditional Dealings begin in Calisen () main mkt high quality., boosting £300m. Mkt cap £1.32bn.

Off the menu

No Leavers Currently

 

 

What’s cooking in the IPO kitchen?

Intention

Intention to float by Gemfields Group. No Capital Elevate. At the moment stated on JSE. (JMB:GML) at circa £122m.  The Group’s key generating belongings, the Kagem emerald mine in Zambia  (considered to be the world’s single most significant generating emerald mine) and the Montepuez ruby mine in Mozambique (one of the most sizeable just lately found ruby deposits in the entire world), are both equally expected to have lengthy mine-lives with opportunity for enlargement. Also owns the  Faberge model. Thanks Valentines Day 2020.

Principal Industry (Common List)

The  has introduced its intention to list on the Common Industry.  The Blockchain dependent company, owns patents to a protocol which facilitates dispute resolution dependent on clever agreement disputes.  Transaction details TBC. 

Principal Industry (Premium)

DRI Healthcare—investment organization concentrated on investments in healthcare Royalty Assets  seeking to raise $350m. Thanks 11 Mar.

Ninety 1 –proposed demerger and general public listing of  Investec’s  global asset administration company on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of existing shares. Expected free of charge float of >60%. Thanks 16 march.

Cabot Square—Closed finished expense fund focussed on different belongings and asset supervisor. Searching to raise £200m.  Will target expense prospects that are expected to deliver an attractive risk altered return and that can also make a positive ESG impression by focusing on some of the most significant troubles going through societies and economies.  Thanks fourteen Feb.

The World Sustainable Farmland Earnings Trust will invest in a diversified portfolio of operational farmland belongings positioned in significant agricultural markets like the United States, Europe, New Zealand, Australia and particular nations inside of Latin and South The usa. Raising up to $300m.   Thanks 28 February.

Investment decision firm  is trying to get to raise up to £200m at an situation selling price of 100p for each share via an IPO.   The organization aims to invest in a portfolio of quoted Japanese stocks with market place capitalisations of up to $1bn.   To start with working day of dealings expected early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The leading global immunodiagnostics group, currently announces its half yr benefits for the six months finished 30 November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Service agreement signed with a significant pharmaceutical group

In late stage talks on numerous opportunity assistance contracts.

Earnings for the period was £0.31m. Hard cash £7.5m

Full administrative costs ended up £5.11m (H1 2018: £2.63m) of which c.£1.3m relates to reshaping the company (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to greater employees charges) a further more £0.7m relates to the IPF credit history facility and greater patent charges as the Protagen patent estate was built-in.

 The implementation of an ongoing cost reduction programme write-up the period has sent yearly cost financial savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix expected to contribute further more yearly cost financial savings of c.£2.2m.

 R&D charges ended up £1.01m.

Fox Marble () 2.25p £5.9m

 The  company concentrated on marble quarrying and processing in Kosovo and the Balkans area announces that it has entered into an settlement with EBA Sh.p.K with the intention to supply processed marble in the type of tiles, stair treads and window lintels. 

 

EBA Sh.p.K is a neighborhood architect and development agency dependent in Kosovo, and the goods are destined for use in development assignments inside of Kosovo. The substance chosen for these goods is Flora, Alexandrian White and Illirico Bianco. 

 

The stone will be processed at Fox Marble’s Lipjan manufacturing unit, from existing blocks of Illirico Bianco, Flora and Alexandrian White. The settlement has no bare minimum buy value, but pricing is dependent on a bare minimum volume of two,000 sq. metres, which the Company expects to source more than the program of this financial yr.

 

Frontier IP Group () 65p £32.9m

 Frontier IP, a specialist in commercialising mental assets, has lifted its equity stake in portfolio organization Celerum Confined from ten for each cent to 33.eight for each cent. The boost is in return for an expense of £25,000, changing a previous mortgage of £21,818 into equity, and for supplying £50,000 worth of added strategic, company and palms-on software package development providers. 

Celerum, a spin out from Robert Gordon College (“RGU”), Aberdeen, is acquiring novel synthetic intelligence to enable firms increase the operational performance of logistics and source chains. It also has the opportunity to  tackle a host of other complex scientific, engineering and industrial troubles. Frontier IP is stepping up its aid for the Company in reaction to greater field interest.

 

Scapa Group () 193.5p £300m

Update on present-day investing in advance of its financial yr-conclude on 31 March 2020.

Earnings c.£306m, broadly in line with market place anticipations. However, investing earnings is now expected to be approximately £28m, noticeably under consensus. Healthcare earnings is estimated to be approximately £139m, somewhat in advance of market place anticipations and larger than past yr inspite of the loss of the ConvaTec agreement. Healthcare investing earnings is expected to be decreased than consensus, reflecting slower development in lowering charges than expected at the time of the interim benefits. Industrial earnings is expected to be approximately £168m, which is somewhat under market place anticipations but has a substance impression on Group investing earnings, principally the result of adverse macroeconomic conditions. Scapa is concentrated on arduous execution of the approach as it carries on to boost performance and transform its pipeline of prospects to increase product sales and margin efficiency. Expects the macro environment to remain complicated in some of the industrial markets in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, mental assets aid providers and localization providers. “The financial yr finished 30 September 2019 was an fantastic yr for RWS, with all three divisions offering record benefits, enabling the Group to manage its unparalleled record of 16 years of unbroken advancement in revenues, earnings and dividends considering the fact that flotation in 2003. This accomplishment was recognized when RWS was named Company of the Yr at the 2019 Intention Awards.”

Recent investing and outlook

“We have continued to build on our momentum in the to start with number of months of the 2020 financial yr, with quite a few fantastic new agreement wins, specifically inside of our IP Companies division, leaving us on program to produce full yr benefits in line with the Board’s underlying anticipations, notwithstanding the modern currency headwinds.”

 

 SolGold () eighteen.25p £351m

Update on exploration at its 100% owned Timbara Job in Southern Ecuador. The venture is held in SolGold’s 100% owned subsidiary Inexperienced Rock Assets S.A.

Ø The Timbara venture is of Jurassic age equivalent to close by the Fruta del Norte, Mirador and Santa Barbara deposits.

Mineralisation mapped more than a 600m strike size demonstrates potent gold grades and continues to be open in both equally instructions at Timbara two. Mineralisation occurs inside of an 18m wide northwest trending silicified zone, hosting polymetallic quartz veins. Rock noticed channel sampling confirms the prospectivity of the Timbara two zone, with original rock noticed channel samples returning:

7.7m @ 6.sixty three g/t Au (northern stream outcrops) -2m @ five.16 g/ t Au (southern stream outcrops)

The mineralisation at the southern stream outcrop continues to be open at both equally ends.

 Field groups are continuing with clearing to create added outcrop exposures for further more mapping and sampling.

() ten.5p £4.5m

Benefits of two years of unbiased baseline environmental data selection and checking at the Empire Mine, Idaho United states of america.  The benefits of the checking will be applied right for environmental permitting and the continued development of the Approach of Operations for all foreseeable future mining exercise, like Red Star and the Empire open-pit copper oxide deposit.

No crucial habitat for threatened or endangered plant or wildlife was identified inside of the venture area.

Surface and groundwater reports suggest no impacts from legacy mining functions. No sizeable cultural or archaeological artefacts identified in the venture area

No Sage Grouse or Sage Grouse leks (breeding web-sites) ended up identified at or in the vicinity of the venture area.

The full Plant and Wildlife stories, archaeological stories, and hydrological stories can be seen on the Firm’s web-site at www.phoenixcopperlimit­ed.com/reports in the name of Konnex Assets Inc, the subsidiary neighborhood working organization of the Company 

7digital () .5p £11.3m

 The global leader in B2B conclude-to-conclude digital songs answers, is happy to announce that its songs platform-as-a-assistance will ability jazzed, the world’s to start with dedicated audio-visual streaming assistance for jazz and jazz-influenced songs.

jazzed is a multi-tier jazz streaming membership assistance which has been developed by ETA Productions Ltd, a specialist in producing new digital media platforms for amusement markets. Launched currently, it offers a very curated songs, movie and editorial encounter for the jazz enthusiast, that includes more than 5m tracks and distinctive specific channels. Beneath the phrases of the original 12 month agreement, which contains set-up, month-to-month and usage-dependent information charges, jazzed will use 7digital’s API and platform entry, playlist tools, reporting providers and catalogue administration. This will enable jazzed consumers to stream songs from 7digital’s substantial catalogue of jazz tracks. jazzed offers an advert-funded freemium version that includes ten hand-curated audio channels and a collection of movie information, and a £5.99 month-to-month membership-dependent tier with more than forty channels and unique movie information.  

 

88 Vitality () one.175p £83.5m

Update similar to functions for the future Charlie-one appraisal properly, on the North Slope of Alaska.

Highlights

·    Ice highway now >80% comprehensive

Permit to Drill authorised for Charlie-one appraisal properly

·    Spud on track for late February

  () 3.85p £10.3m

 $one.9m inserting at $ten. Although this does stand for a 237% high quality to the closing mid-market place selling price on 11 February 2020, it signifies a one.one% high quality to the past audited NAV for each share of $9.89 as at 31 May possibly 2019.

The proceeds of the Putting Shares will be applied to undertake investments further more to the Firm’s expense approach. 

 

Head Cooks

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]