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

Frontier IP Group (LON:FIPP) 65p £32.9m  Frontier IP, a expert in commercialising mental house, has raised

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

 Frontier IP, a expert in commercialising mental house, has raised its equity stake in portfolio corporation Celerum Confined from ten for every cent to 33.8 for every cent.

 

Dish of the day

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

Off the menu

No Leavers Currently

 

 

What is cooking in the IPO kitchen?

Intention

Intention to float by Gemfields Group. No Funds Increase. At this time outlined on JSE. (JMB:GML) at circa £122m.  The Group’s key manufacturing assets, the Kagem emerald mine in Zambia  (believed to be the world’s single largest manufacturing emerald mine) and the Montepuez ruby mine in Mozambique (a person of the most major not long ago uncovered ruby deposits in the earth), are both anticipated to have extensive mine-life with likely for expansion. Also owns the  Faberge manufacturer. Due Valentines Working day 2020.

Major Current market (Common List)

The  has announced its intention to list on the Common Current market.  The Blockchain primarily based company, owns patents to a protocol which facilitates dispute resolution primarily based upon wise agreement disputes.  Transaction information TBC. 

Major Current market (Premium)

DRI Healthcare—investment corporation centered on investments in healthcare Royalty Assets  hunting to raise $350m. Due 11 Mar.

Ninety 1 –proposed demerger and general public listing of  Investec’s  international asset management company on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of current shares. Expected no cost float of >60%. Due 16 march.

Cabot Square—Closed ended investment decision fund focussed on different assets and asset manager. Wanting to raise £200m.  Will focus on investment decision alternatives that are anticipated to produce an desirable possibility altered return and that can also make a constructive ESG impression by focusing on some of the major troubles struggling with societies and economies.  Due fourteen Feb.

The Global Sustainable Farmland Money Trust will make investments in a diversified portfolio of operational farmland assets positioned in big agricultural marketplaces such as the United States, Europe, New Zealand, Australia and specified international locations in just Latin and South America. Boosting up to $300m.   Due 28 February.

Financial investment firm  is trying to find to raise up to £200m at an challenge price of 100p for every share by means of an IPO.   The corporation aims to make investments in a portfolio of quoted Japanese stocks with market place capitalisations of up to $1bn.   Very first day of dealings anticipated early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The top international immunodiagnostics group, currently announces its 50 % 12 months success for the six months ended thirty November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Support agreement signed with a huge pharmaceutical group

In late phase talks on multiple likely company contracts.

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

Whole administrative costs were being £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 improved staff members charges) a even more £0.7m relates to the IPF credit history facility and improved patent charges as the Protagen patent estate was built-in.

 The implementation of an ongoing price reduction programme post the interval has shipped once-a-year price financial savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix anticipated to lead even more once-a-year price financial savings of c.£2.2m.

 R&D charges were being £1.01m.

Fox Marble () 2.25p £5.9m

 The  company centered on marble quarrying and processing in Kosovo and the Balkans region announces that it has entered into an agreement with EBA Sh.p.K with the intention to present processed marble in the form of tiles, stair treads and window lintels. 

 

EBA Sh.p.K is a local architect and development business primarily based in Kosovo, and the goods are destined for use in development initiatives in just Kosovo. The substance selected for these things is Flora, Alexandrian White and Illirico Bianco. 

 

The stone will be processed at Fox Marble’s Lipjan manufacturing unit, from current blocks of Illirico Bianco, Flora and Alexandrian White. The agreement has no minimum amount purchase price, but pricing is primarily based on a minimum amount volume of 2,000 square metres, which the Enterprise expects to supply over the system of this financial 12 months.

 

Frontier IP Group () 65p £32.9m

 Frontier IP, a expert in commercialising mental house, has raised its equity stake in portfolio corporation Celerum Confined from ten for every cent to 33.8 for every cent. The boost is in return for an investment decision of £25,000, converting a preceding financial loan of £21,818 into equity, and for supplying £50,000 well worth of supplemental strategic, company and palms-on computer software growth companies. 

Celerum, a spin out from Robert Gordon College (“RGU”), Aberdeen, is creating novel artificial intelligence to assistance enterprises strengthen the operational performance of logistics and supply chains. It also has the likely to  deal with a host of other elaborate scientific, engineering and industrial troubles. Frontier IP is stepping up its support for the Enterprise in reaction to improved sector interest.

 

Scapa Group () 193.5p £300m

Update on recent buying and selling ahead of its financial 12 months-stop on 31 March 2020.

Earnings c.£306m, broadly in line with market place anticipations. Nevertheless, buying and selling revenue is now anticipated to be approximately £28m, considerably beneath consensus. Healthcare income is estimated to be approximately £139m, a little ahead of market place anticipations and higher than past 12 months regardless of the decline of the ConvaTec agreement. Healthcare buying and selling revenue is anticipated to be lessen than consensus, reflecting slower development in minimizing charges than anticipated at the time of the interim success. Industrial income is anticipated to be approximately £168m, which is a little beneath market place anticipations but has a substance impression on Group buying and selling revenue, mostly the result of adverse macroeconomic ailments. Scapa is centered on arduous execution of the technique as it continues to boost performance and convert its pipeline of alternatives to strengthen revenue and margin overall performance. Expects the macro environment to keep on being tough in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Assertion from the language, mental house support companies and localization companies. “The financial 12 months ended thirty September 2019 was an fantastic 12 months for RWS, with all three divisions delivering report success, enabling the Group to maintain its unparalleled report of 16 decades of unbroken advancement in revenues, income and dividends since flotation in 2003. This achievement was recognized when RWS was named Enterprise of the Yr at the 2019 Intention Awards.”

Latest buying and selling and outlook

“We have ongoing to construct on our momentum in the very first few months of the 2020 financial 12 months, with many fantastic new agreement wins, specifically in just our IP Companies division, leaving us on system to produce whole 12 months success in line with the Board’s fundamental anticipations, notwithstanding the latest currency headwinds.”

 

 SolGold () eighteen.25p £351m

Update on exploration at its one hundred% owned Timbara Task in Southern Ecuador. The job is held in SolGold’s one hundred% owned subsidiary Eco-friendly Rock Sources S.A.

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

Mineralisation mapped over a 600m strike length demonstrates solid gold grades and stays open in both instructions at Timbara 2. Mineralisation happens in just an 18m vast northwest trending silicified zone, hosting polymetallic quartz veins. Rock saw channel sampling confirms the prospectivity of the Timbara 2 zone, with first rock saw channel samples returning:

seven.7m @ six.63 g/t Au (northern stream outcrops) -2m @ five.16 g/ t Au (southern stream outcrops)

The mineralisation at the southern stream outcrop stays open at both ends.

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

() ten.5p £4.5m

Effects of two decades of impartial baseline environmental details collection and monitoring at the Empire Mine, Idaho United states of america.  The success of the monitoring will be utilised specifically for environmental permitting and the ongoing growth of the Strategy of Operations for all future mining exercise, such as Purple Star and the Empire open-pit copper oxide deposit.

No important habitat for threatened or endangered plant or wildlife was discovered in just the job region.

Floor and groundwater scientific tests point out no impacts from legacy mining functions. No major cultural or archaeological artefacts discovered in the job region

No Sage Grouse or Sage Grouse leks (breeding web-sites) were being discovered at or around the job region.

The whole Plant and Wildlife reports, archaeological reports, and hydrological reports can be viewed on the Company’s web page at www.phoenixcopperlimit­ed.com/reports in the identify of Konnex Sources Inc, the subsidiary local running corporation of the Company 

7digital () .5p £11.3m

 The international chief in B2B stop-to-stop digital tunes remedies, is happy to announce that its tunes platform-as-a-company will energy jazzed, the world’s very first dedicated audio-visible streaming company for jazz and jazz-influenced tunes.

jazzed is a multi-tier jazz streaming membership company which has been designed by ETA Productions Ltd, a expert in building new digital media platforms for amusement marketplaces. Launched currently, it presents a very curated tunes, online video and editorial knowledge for the jazz fan, that includes over 5m tracks and exclusive particular person channels. Below the terms of the first 12 thirty day period agreement, which features established-up, month-to-month and usage-primarily based material charges, jazzed will use 7digital’s API and platform access, playlist tools, reporting companies and catalogue management. This will enable jazzed users to stream tunes from 7digital’s substantial catalogue of jazz tracks. jazzed presents an advert-funded freemium model that includes ten hand-curated audio channels and a variety of online video material, and a £5.ninety nine month-to-month membership-primarily based tier with over 40 channels and unique online video material.  

 

88 Vitality () 1.175p £83.5m

Update relevant to functions for the forthcoming Charlie-1 appraisal properly, on the North Slope of Alaska.

Highlights

·    Ice highway now >80% complete

Allow to Drill accepted for Charlie-1 appraisal properly

·    Spud on observe for late February

  () 3.85p £10.3m

 $1.9m positioning at $ten. Whilst this does represent a 237% top quality to the closing mid-market place price on 11 February 2020, it represents a 1.1% top quality to the past audited NAV for every share of $nine.89 as at 31 May 2019.

The proceeds of the Placing Shares will be utilised to undertake investments even more to the Company’s investment decision technique. 

 

Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]