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

Jannie Delucca

Frontier IP Group (LON:FIPP) 65p £32.9m  Frontier IP, a specialist in commercialising mental residence, has lifted its fairness stake in portfolio corporation Celerum Constrained from ten per cent to 33.eight per cent.

 

Dish of the working day

Unconditional Dealings begin in Calisen () most important mkt top quality., raising £300m. Mkt cap £1.32bn.

Off the menu

No Leavers These days

 

 

What is cooking in the IPO kitchen?

Purpose

Intention to float by Gemfields Group. No Funds Elevate. At the moment stated on JSE. (JMB:GML) at circa £122m.  The Group’s essential creating assets, the Kagem emerald mine in Zambia  (believed to be the world’s single premier creating emerald mine) and the Montepuez ruby mine in Mozambique (just one of the most considerable a short while ago uncovered ruby deposits in the planet), are both predicted to have extended mine-life with potential for expansion. Also owns the  Faberge brand name. Due Valentines Working day 2020.

Most important Industry (Typical Listing)

The  has declared its intention to checklist on the Typical Industry.  The Blockchain primarily based organization, owns patents to a protocol which facilitates dispute resolution primarily based on smart contract disputes.  Transaction facts TBC. 

Most important Industry (Quality)

DRI Healthcare—investment corporation concentrated on investments in healthcare Royalty Assets  on the lookout to elevate $350m. Due 11 Mar.

Ninety One –proposed demerger and general public listing of  Investec’s  world asset administration organization on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of existing shares. Anticipated cost-free float of >60%. Due sixteen march.

Cabot Square—Closed ended financial commitment fund focussed on alternative assets and asset manager. Seeking to elevate £200m.  Will goal financial commitment chances that are predicted to create an desirable danger adjusted return and that can also make a positive ESG effects by focusing on some of the largest challenges struggling with societies and economies.  Due fourteen Feb.

The World wide Sustainable Farmland Profits Trust will invest in a diversified portfolio of operational farmland assets located in main agricultural marketplaces including the United States, Europe, New Zealand, Australia and specified countries in just Latin and South The us. Increasing up to $300m.   Due 28 February.

Expenditure firm  is trying to get to elevate up to £200m at an issue cost of 100p per share through an IPO.   The corporation aims to invest in a portfolio of quoted Japanese stocks with market capitalisations of up to $1bn.   To start with working day of dealings predicted early February.

NEX Exchange

Banquet Buffet

Holdings  () 31.5p £19.9m

 The primary world immunodiagnostics group, nowadays announces its fifty percent calendar year outcomes for the 6 months ended 30 November 2019.

Biodesix to start EarlyCDT Lung in US by early March 2020

Services contract signed with a substantial pharmaceutical group

In late phase talks on multiple potential assistance contracts.

Revenue for the interval was £0.31m. Hard cash £7.5m

Overall administrative expenses had been £5.11m (H1 2018: £2.63m) of which c.£1.3m relates to reshaping the organization (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to amplified team prices) a even more £0.7m relates to the IPF credit rating facility and amplified patent prices as the Protagen patent estate was built-in.

 The implementation of an ongoing charge reduction programme put up the interval has shipped yearly charge discounts of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix predicted to add even more yearly charge discounts of c.£2.2m.

 R&D prices had been £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 arrangement with EBA Sh.p.K with the intention to supply processed marble in the form of tiles, stair treads and window lintels. 

 

EBA Sh.p.K is a neighborhood architect and design business primarily based in Kosovo, and the solutions are destined for use in design jobs in just Kosovo. The content selected for these objects is Flora, Alexandrian White and Illirico Bianco. 

 

The stone will be processed at Fox Marble’s Lipjan manufacturing facility, from existing blocks of Illirico Bianco, Flora and Alexandrian White. The arrangement has no minimum amount purchase benefit, but pricing is primarily based on a minimum amount quantity of 2,000 square metres, which the Business expects to offer over the system of this fiscal calendar year.

 

Frontier IP Group () 65p £32.9m

 Frontier IP, a specialist in commercialising mental residence, has lifted its fairness stake in portfolio corporation Celerum Constrained from ten per cent to 33.eight per cent. The maximize is in return for an financial commitment of £25,000, changing a former financial loan of £21,818 into fairness, and for delivering £50,000 worthy of of supplemental strategic, organization and fingers-on application advancement providers. 

Celerum, a spin out from Robert Gordon College (“RGU”), Aberdeen, is acquiring novel artificial intelligence to aid firms boost the operational effectiveness of logistics and offer chains. It also has the potential to  deal with a host of other complex scientific, engineering and industrial challenges. Frontier IP is stepping up its assist for the Business in response to amplified business fascination.

 

Scapa Group () 193.5p £300m

Update on present trading ahead of its fiscal calendar year-stop on 31 March 2020.

Revenue c.£306m, broadly in line with market expectations. Nevertheless, trading gain is now predicted to be somewhere around £28m, considerably down below consensus. Healthcare revenue is believed to be somewhere around £139m, a little ahead of market expectations and larger than very last calendar year inspite of the loss of the ConvaTec contract. Health care trading gain is predicted to be lower than consensus, reflecting slower development in reducing prices than predicted at the time of the interim outcomes. Industrial revenue is predicted to be somewhere around £168m, which is a little down below market expectations but has a content effects on Group trading gain, largely the final result of adverse macroeconomic conditions. Scapa is concentrated on rigorous execution of the technique as it carries on to maximize effectiveness and convert its pipeline of chances to boost product sales and margin efficiency. Expects the macro atmosphere to keep on being challenging in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Assertion from the language, mental residence assist providers and localization vendors. “The fiscal calendar year ended 30 September 2019 was an outstanding calendar year for RWS, with all 3 divisions delivering document outcomes, enabling the Group to keep its unparalleled document of sixteen several years of unbroken development in revenues, earnings and dividends considering the fact that flotation in 2003. This accomplishment was recognized when RWS was named Business of the 12 months at the 2019 Purpose Awards.”

Latest trading and outlook

“We have continued to develop on our momentum in the initially couple months of the 2020 fiscal calendar year, with several outstanding new contract wins, specifically in just our IP Expert services division, leaving us on system to produce comprehensive calendar year outcomes in line with the Board’s underlying expectations, notwithstanding the current currency headwinds.”

 

 SolGold () eighteen.25p £351m

Update on exploration at its a hundred% owned Timbara Project in Southern Ecuador. The project is held in SolGold’s a hundred% owned subsidiary Environmentally friendly Rock Resources S.A.

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

Mineralisation mapped over a 600m strike duration demonstrates solid gold grades and remains open in both directions at Timbara 2. Mineralisation takes place in just an 18m extensive northwest trending silicified zone, internet hosting polymetallic quartz veins. Rock noticed channel sampling confirms the prospectivity of the Timbara 2 zone, with initial rock noticed channel samples returning:

7.7m @ 6.sixty three g/t Au (northern stream outcrops) -2m @ 5.sixteen g/ t Au (southern stream outcrops)

The mineralisation at the southern stream outcrop remains open at both finishes.

 Field teams are continuing with clearing to create supplemental outcrop exposures for even more mapping and sampling.

() ten.5p £4.5m

Final results of two several years of impartial baseline environmental data selection and monitoring at the Empire Mine, Idaho United states.  The outcomes of the monitoring will be used specifically for environmental permitting and the continued advancement of the Plan of Operations for all upcoming mining exercise, including Crimson Star and the Empire open-pit copper oxide deposit.

No vital habitat for threatened or endangered plant or wildlife was recognized in just the project location.

Floor and groundwater research show no impacts from legacy mining operations. No considerable cultural or archaeological artefacts recognized in the project location

No Sage Grouse or Sage Grouse leks (breeding websites) had been recognized at or in the vicinity of the project location.

The comprehensive Plant and Wildlife reports, archaeological reports, and hydrological reports can be seen on the Firm’s site at www.phoenixcopperlimit­ed.com/reports in the identify of Konnex Resources Inc, the subsidiary neighborhood running corporation of the Company 

7digital () .5p £11.3m

 The world chief in B2B stop-to-stop digital audio options, is happy to announce that its audio platform-as-a-assistance will energy jazzed, the world’s initially focused audio-visible streaming assistance for jazz and jazz-motivated audio.

jazzed is a multi-tier jazz streaming subscription assistance which has been produced by ETA Productions Ltd, a specialist in building new digital media platforms for leisure marketplaces. Released nowadays, it features a hugely curated audio, online video and editorial encounter for the jazz lover, featuring over 5m tracks and one of a kind specific channels. Underneath the conditions of the initial twelve month contract, which consists of set-up, regular and usage-primarily based written content expenses, jazzed will use 7digital’s API and platform access, playlist instruments, reporting providers and catalogue administration. This will let jazzed people to stream audio from 7digital’s comprehensive catalogue of jazz tracks. jazzed features an advertisement-funded freemium variation featuring ten hand-curated audio channels and a selection of online video written content, and a £5.99 regular subscription-primarily based tier with over 40 channels and distinctive online video written content.  

 

88 Strength () one.175p £83.5m

Update linked to operations for the approaching Charlie-one appraisal properly, on the North Slope of Alaska.

Highlights

·    Ice street now >80% total

Permit to Drill accepted for Charlie-one appraisal properly

·    Spud on monitor for late February

  () 3.85p £10.3m

 $one.9m inserting at $ten. While this does stand for a 237% top quality to the closing mid-market cost on 11 February 2020, it represents a one.one% top quality to the very last audited NAV per share of $nine.89 as at 31 May 2019.

The proceeds of the Putting Shares will be used to undertake investments even more to the Firm’s financial commitment technique. 

 

Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]

 

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