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

Gordon B. Johnson

Frontier IP Team (LON:FIPP) 65p £32.9m  Frontier IP, a expert in commercialising intellectual home, has lifted its equity stake in portfolio company Celerum Restricted from ten for each cent to 33.eight for each cent.   Dish of the day Unconditional Dealings begin in Calisen () principal mkt top quality., elevating £300m. […]

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

 Frontier IP, a expert in commercialising intellectual home, has lifted its equity stake in portfolio company Celerum Restricted from ten for each cent to 33.eight for each cent.

 

Dish of the day

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

Off the menu

No Leavers Nowadays

 

 

What’s cooking in the IPO kitchen area?

Aim

Intention to float by Gemfields Team. No Funds Elevate. Now mentioned on JSE. (JMB:GML) at circa £122m.  The Group’s critical manufacturing belongings, the Kagem emerald mine in Zambia  (considered to be the world’s one largest manufacturing emerald mine) and the Montepuez ruby mine in Mozambique (one particular of the most important lately found out ruby deposits in the world), are each predicted to have extended mine-life with likely for growth. Also owns the  Faberge brand. Owing Valentines Working day 2020.

Major Current market (Common Checklist)

The  has introduced its intention to checklist on the Common Current market.  The Blockchain based mostly business enterprise, owns patents to a protocol which facilitates dispute resolution based mostly upon smart contract disputes.  Transaction specifics TBC. 

Major Current market (Quality)

DRI Healthcare—investment company focused on investments in healthcare Royalty Assets  searching to increase $350m. Owing 11 Mar.

Ninety Just one –proposed demerger and public listing of  Investec’s  global asset administration business enterprise on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of current shares. Anticipated free float of >60%. Owing 16 march.

Cabot Square—Closed ended financial commitment fund focussed on substitute belongings and asset supervisor. Seeking to increase £200m.  Will target financial commitment options that are predicted to produce an beautiful risk adjusted return and that can also make a optimistic ESG impression by concentrating on some of the largest difficulties going through societies and economies.  Owing fourteen Feb.

The World-wide Sustainable Farmland Cash flow Trust will commit in a diversified portfolio of operational farmland belongings situated in significant agricultural marketplaces which includes the United States, Europe, New Zealand, Australia and specific countries inside Latin and South The united states. Boosting up to $300m.   Owing 28 February.

Financial commitment firm  is in search of to increase up to £200m at an difficulty price tag of 100p for each share via an IPO.   The company aims to commit in a portfolio of quoted Japanese shares with current market capitalisations of up to $1bn.   To start with day of dealings predicted early February.

NEX Exchange

Banquet Buffet

Holdings  () 31.5p £19.9m

 The foremost global immunodiagnostics group, now announces its half yr outcomes for the six months ended 30 November 2019.

Biodesix to start EarlyCDT Lung in US by early March 2020

Support contract signed with a large pharmaceutical group

In late phase talks on many likely company contracts.

Income for the time period was £0.31m. Income £7.5m

Whole administrative costs had been £5.11m (H1 2018: £2.63m) of which c.£1.3m relates to reshaping the business enterprise (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to improved personnel prices) a even further £0.7m relates to the IPF credit rating facility and improved patent prices as the Protagen patent estate was integrated.

 The implementation of an ongoing cost reduction programme write-up the time period has shipped yearly cost financial savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix predicted to lead even further yearly cost financial savings of c.£2.2m.

 R&D prices had been £1.01m.

Fox Marble () 2.25p £5.9m

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

 

EBA Sh.p.K is a community architect and design company based mostly in Kosovo, and the items are destined for use in design tasks inside Kosovo. The materials picked for these items is Flora, Alexandrian White and Illirico Bianco. 

 

The stone will be processed at Fox Marble’s Lipjan factory, from current blocks of Illirico Bianco, Flora and Alexandrian White. The arrangement has no least purchase benefit, but pricing is based mostly on a least quantity of 2,000 square metres, which the Firm expects to source about the system of this economical yr.

 

Frontier IP Team () 65p £32.9m

 Frontier IP, a expert in commercialising intellectual home, has lifted its equity stake in portfolio company Celerum Restricted from ten for each cent to 33.eight for each cent. The boost is in return for an financial commitment of £25,000, converting a prior loan of £21,818 into equity, and for providing £50,000 worthy of of further strategic, business enterprise and hands-on software improvement companies. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is developing novel artificial intelligence to support companies increase the operational efficiency of logistics and source chains. It also has the likely to  deal with a host of other complex scientific, engineering and industrial difficulties. Frontier IP is stepping up its assist for the Firm in response to improved field curiosity.

 

Scapa Team () 193.5p £300m

Update on existing investing in advance of its economical yr-finish on 31 March 2020.

Income c.£306m, broadly in line with current market anticipations. On the other hand, investing financial gain is now predicted to be somewhere around £28m, significantly under consensus. Healthcare profits is approximated to be somewhere around £139m, a little bit in advance of current market anticipations and better than very last yr despite the reduction of the ConvaTec contract. Healthcare investing financial gain is predicted to be reduced than consensus, reflecting slower progress in minimizing prices than predicted at the time of the interim outcomes. Industrial profits is predicted to be somewhere around £168m, which is a little bit under current market anticipations but has a materials impression on Team investing financial gain, principally the result of adverse macroeconomic problems. Scapa is focused on rigorous execution of the system as it continues to boost efficiency and convert its pipeline of options to increase revenue and margin effectiveness. Expects the macro environment to remain demanding in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, intellectual home assist companies and localization companies. “The economical yr ended 30 September 2019 was an outstanding yr for RWS, with all 3 divisions delivering file outcomes, enabling the Team to manage its unparalleled file of 16 decades of unbroken advancement in revenues, gains and dividends given that flotation in 2003. This accomplishment was recognized when RWS was named Firm of the Yr at the 2019 Aim Awards.”

Latest investing and outlook

“We have ongoing to create on our momentum in the 1st handful of months of the 2020 economical yr, with various outstanding new contract wins, notably inside our IP Solutions division, leaving us on system to deliver complete yr outcomes in line with the Board’s fundamental anticipations, notwithstanding the current currency headwinds.”

 

 SolGold () 18.25p £351m

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

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

Mineralisation mapped about a 600m strike duration demonstrates powerful gold grades and remains open in each directions at Timbara 2. Mineralisation takes place inside an 18m vast northwest trending silicified zone, web hosting polymetallic quartz veins. Rock saw channel sampling confirms the prospectivity of the Timbara 2 zone, with initial rock saw channel samples returning:

7.7m @ six.63 g/t Au (northern stream outcrops) -2m @ five.16 g/ t Au (southern stream outcrops)

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

 Field teams are continuing with clearing to produce further outcrop exposures for even further mapping and sampling.

() ten.5p £4.5m

Effects of two decades of unbiased baseline environmental details collection and checking at the Empire Mine, Idaho United states.  The outcomes of the checking will be employed right for environmental permitting and the ongoing improvement of the Prepare of Functions for all upcoming mining activity, which includes Purple Star and the Empire open-pit copper oxide deposit.

No vital habitat for threatened or endangered plant or wildlife was identified inside the project place.

Floor and groundwater scientific studies point out no impacts from legacy mining functions. No important cultural or archaeological artefacts identified in the project place

No Sage Grouse or Sage Grouse leks (breeding websites) had been identified at or in close proximity to the project place.

The complete Plant and Wildlife experiences, archaeological experiences, and hydrological experiences can be viewed on the Firm’s site at www.phoenixcopperlimit­ed.com/reports in the name of Konnex Assets Inc, the subsidiary community running company of the Company 

7digital () .5p £11.3m

 The global chief in B2B finish-to-finish digital audio remedies, is delighted to announce that its audio platform-as-a-company will electrical power jazzed, the world’s 1st focused audio-visible streaming company for jazz and jazz-affected audio.

jazzed is a multi-tier jazz streaming membership company which has been made by ETA Productions Ltd, a expert in creating new digital media platforms for amusement marketplaces. Introduced now, it offers a very curated audio, movie and editorial knowledge for the jazz admirer, featuring about 5m tracks and exceptional person channels. Underneath the phrases of the initial twelve month contract, which involves set-up, regular and usage-based mostly information expenses, jazzed will use 7digital’s API and platform accessibility, playlist equipment, reporting companies and catalogue administration. This will enable jazzed users to stream audio from 7digital’s extensive catalogue of jazz tracks. jazzed offers an advert-funded freemium version featuring ten hand-curated audio channels and a choice of movie information, and a £5.ninety nine regular membership-based mostly tier with about forty channels and exclusive movie information.  

 

88 Energy () one.175p £83.5m

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

Highlights

·    Ice street now >80% entire

Allow to Drill authorised for Charlie-one appraisal effectively

·    Spud on track for late February

  () three.85p £10.3m

 $one.9m putting at $ten. Whilst this does stand for a 237% top quality to the closing mid-current market price tag on 11 February 2020, it represents a one.one% top quality to the very last audited NAV for each share of $9.89 as at 31 May possibly 2019.

The proceeds of the Positioning Shares will be employed to undertake investments even further to the Firm’s financial commitment system. 

 

Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]

 

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