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

Truman Slate

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

 Frontier IP, a professional in commercialising intellectual assets, has elevated its equity stake in portfolio corporation Celerum Restricted from ten per cent to 33.8 per cent.

 

Dish of the day

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

Off the menu

No Leavers These days

 

 

What is cooking in the IPO kitchen area?

Aim

Intention to float by Gemfields Group. No Capital Elevate. Currently mentioned on JSE. (JMB:GML) at circa £122m.  The Group’s critical developing property, the Kagem emerald mine in Zambia  (thought to be the world’s solitary greatest developing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most sizeable not too long ago found out ruby deposits in the entire world), are equally envisioned to have prolonged mine-life with possible for enlargement. Also owns the  Faberge brand name. Due Valentines Working day 2020.

Principal Industry (Typical Checklist)

The  has declared its intention to record on the Typical Industry.  The Blockchain based mostly organization, owns patents to a protocol which facilitates dispute resolution based mostly on wise contract disputes.  Transaction particulars TBC. 

Principal Industry (Top quality)

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

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

Cabot Square—Closed ended expenditure fund focussed on alternative property and asset manager. On the lookout to increase £200m.  Will goal expenditure alternatives that are envisioned to make an desirable hazard adjusted return and that can also make a favourable ESG impact by focusing on some of the largest difficulties struggling with societies and economies.  Due 14 Feb.

The International Sustainable Farmland Income Trust will spend in a diversified portfolio of operational farmland property situated in important agricultural marketplaces which includes the United States, Europe, New Zealand, Australia and selected nations around the world within just Latin and South The united states. Elevating up to $300m.   Due 28 February.

Expense firm  is looking for to increase up to £200m at an problem rate of 100p per share by means of an IPO.   The corporation aims to spend in a portfolio of quoted Japanese stocks with market place capitalisations of up to $1bn.   First day of dealings envisioned early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The main world-wide immunodiagnostics team, nowadays announces its 50 percent yr effects for the six months ended thirty November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Provider contract signed with a massive pharmaceutical team

In late stage talks on many possible support contracts.

Profits for the time period was £0.31m. Funds £7.5m

Total administrative expenditures 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 increased employees costs) a further £0.7m relates to the IPF credit rating facility and increased patent costs as the Protagen patent estate was built-in.

 The implementation of an ongoing value reduction programme put up the time period has shipped once-a-year value savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix envisioned to contribute further once-a-year value savings of c.£2.2m.

 R&D costs had been £1.01m.

Fox Marble () 2.25p £5.9m

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

 

EBA Sh.p.K is a neighborhood architect and design company based mostly in Kosovo, and the products are destined for use in design projects within just Kosovo. The substance selected for these products is Flora, Alexandrian White and Illirico Bianco. 

 

The stone will be processed at Fox Marble’s Lipjan factory, from existing blocks of Illirico Bianco, Flora and Alexandrian White. The agreement has no bare minimum get value, but pricing is based mostly on a bare minimum volume of two,000 square metres, which the Firm expects to offer over the course of this economic yr.

 

Frontier IP Group () 65p £32.9m

 Frontier IP, a professional in commercialising intellectual assets, has elevated its equity stake in portfolio corporation Celerum Restricted from ten per cent to 33.8 per cent. The enhance is in return for an expenditure of £25,000, converting a previous financial loan of £21,818 into equity, and for providing £50,000 really worth of more strategic, organization and fingers-on software enhancement products and services. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is establishing novel artificial intelligence to assist organizations make improvements to the operational performance of logistics and offer chains. It also has the possible to  deal with a host of other sophisticated scientific, engineering and industrial difficulties. Frontier IP is stepping up its support for the Firm in response to increased field curiosity.

 

Scapa Group () 193.5p £300m

Update on current trading forward of its economic yr-conclusion on 31 March 2020.

Profits c.£306m, broadly in line with market place anticipations. Having said that, trading revenue is now envisioned to be about £28m, substantially down below consensus. Healthcare earnings is approximated to be about £139m, marginally forward of market place anticipations and better than previous yr even with the reduction of the ConvaTec contract. Healthcare trading revenue is envisioned to be reduced than consensus, reflecting slower progress in lessening costs than envisioned at the time of the interim effects. Industrial earnings is envisioned to be about £168m, which is marginally down below market place anticipations but has a substance impact on Group trading revenue, principally the end result of adverse macroeconomic conditions. Scapa is centered on rigorous execution of the tactic as it carries on to enhance performance and change its pipeline of alternatives to make improvements to revenue and margin effectiveness. Expects the macro surroundings to remain tough in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, intellectual assets support products and services and localization providers. “The economic yr ended thirty September 2019 was an superb yr for RWS, with all three divisions providing report effects, enabling the Group to keep its unparalleled report of sixteen a long time of unbroken development in revenues, revenue and dividends considering the fact that flotation in 2003. This accomplishment was recognized when RWS was named Firm of the Yr at the 2019 Aim Awards.”

Recent trading and outlook

“We have continued to build on our momentum in the initial several months of the 2020 economic yr, with quite a few superb new contract wins, specifically within just our IP Companies division, leaving us on course to supply whole yr effects in line with the Board’s underlying anticipations, notwithstanding the latest currency headwinds.”

 

 SolGold () 18.25p £351m

Update on exploration at its a hundred% owned Timbara Undertaking in Southern Ecuador. The task is held in SolGold’s a hundred% owned subsidiary Green Rock Methods S.A.

Ø The Timbara task 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 sturdy gold grades and continues to be open up in equally instructions at Timbara two. Mineralisation happens within just an 18m vast northwest trending silicified zone, web hosting polymetallic quartz veins. Rock saw channel sampling confirms the prospectivity of the Timbara two zone, with first rock saw channel samples returning:

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

The mineralisation at the southern stream outcrop continues to be open up at equally finishes.

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

() ten.5p £4.5m

Results of two a long time of unbiased baseline environmental data selection and checking at the Empire Mine, Idaho Usa.  The effects of the checking will be utilised straight for environmental permitting and the continued enhancement of the System of Functions for all upcoming mining action, which includes Crimson Star and the Empire open up-pit copper oxide deposit.

No crucial habitat for threatened or endangered plant or wildlife was identified within just the task place.

Area and groundwater scientific studies point out no impacts from legacy mining operations. No sizeable cultural or archaeological artefacts identified in the task place

No Sage Grouse or Sage Grouse leks (breeding sites) had been identified at or close to the task place.

The whole Plant and Wildlife studies, archaeological studies, and hydrological studies can be considered on the Company’s internet site at www.phoenixcopperlimit­ed.com/reports in the name of Konnex Methods Inc, the subsidiary neighborhood working corporation of the Company 

7digital () .5p £11.3m

 The world-wide leader in B2B conclusion-to-conclusion electronic songs solutions, is delighted to announce that its songs system-as-a-support will electrical power jazzed, the world’s initial devoted audio-visible streaming support for jazz and jazz-motivated songs.

jazzed is a multi-tier jazz streaming membership support which has been produced by ETA Productions Ltd, a professional in building new electronic media platforms for enjoyment marketplaces. Launched nowadays, it presents a hugely curated songs, video and editorial expertise for the jazz fan, featuring over 5m tracks and special personal channels. Beneath the conditions of the first twelve month contract, which consists of set-up, month to month and usage-based mostly articles fees, jazzed will use 7digital’s API and system access, playlist tools, reporting products and services and catalogue administration. This will enable jazzed customers to stream songs from 7digital’s intensive catalogue of jazz tracks. jazzed presents an advert-funded freemium variation featuring ten hand-curated audio channels and a selection of video articles, and a £5.ninety nine month to month membership-based mostly tier with over 40 channels and exceptional video articles.  

 

88 Electricity () one.175p £83.5m

Update connected to operations for the future Charlie-one appraisal perfectly, on the North Slope of Alaska.

Highlights

·    Ice street now >80% total

Permit to Drill approved for Charlie-one appraisal perfectly

·    Spud on observe for late February

  () 3.85p £10.3m

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

The proceeds of the Putting Shares will be utilised to undertake investments further to the Company’s expenditure tactic. 

 

Head Cooks

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]

 

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