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

Elvera Bartels

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

 Frontier IP, a expert in commercialising intellectual home, has raised its fairness stake in portfolio business Celerum Confined from ten for each cent to 33.8 for each cent.

 

Dish of the working day

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

Off the menu

No Leavers Today

 

 

What’s cooking in the IPO kitchen area?

Aim

Intention to float by Gemfields Team. No Money Increase. Currently shown on JSE. (JMB:GML) at circa £122m.  The Group’s vital creating property, the Kagem emerald mine in Zambia  (believed to be the world’s single major creating emerald mine) and the Montepuez ruby mine in Mozambique (one particular of the most substantial not long ago found ruby deposits in the entire world), are both equally envisioned to have long mine-lives with opportunity for expansion. Also owns the  Faberge model. Due Valentines Day 2020.

Main Sector (Normal Listing)

The  has announced its intention to listing on the Normal Sector.  The Blockchain based mostly business enterprise, owns patents to a protocol which facilitates dispute resolution based mostly upon sensible agreement disputes.  Transaction specifics TBC. 

Main Sector (High quality)

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

Ninety A single –proposed demerger and general public listing of  Investec’s  world wide asset management business enterprise on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of current shares. Predicted no cost float of >60%. Due sixteen march.

Cabot Square—Closed ended expenditure fund focussed on choice property and asset supervisor. On the lookout to raise £200m.  Will concentrate on expenditure opportunities that are envisioned to make an desirable hazard modified return and that can also make a optimistic ESG effect by focusing on some of the largest challenges experiencing societies and economies.  Due fourteen Feb.

The World Sustainable Farmland Income Trust will devote in a diversified portfolio of operational farmland property situated in important agricultural markets together with the United States, Europe, New Zealand, Australia and specified nations within just Latin and South The us. Increasing up to $300m.   Due 28 February.

Expense firm  is seeking to raise up to £200m at an challenge rate of 100p for each share via an IPO.   The business aims to devote in a portfolio of quoted Japanese shares with industry capitalisations of up to $1bn.   1st working day of dealings envisioned early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The leading world wide immunodiagnostics group, today announces its 50 percent yr final results for the 6 months ended thirty November 2019.

Biodesix to start EarlyCDT Lung in US by early March 2020

Provider agreement signed with a huge pharmaceutical group

In late stage talks on many opportunity company contracts.

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

Total administrative charges were being £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 enhanced staff expenditures) a even more £0.7m relates to the IPF credit rating facility and enhanced patent expenditures as the Protagen patent estate was built-in.

 The implementation of an ongoing cost reduction programme post the time period has delivered yearly cost price savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix envisioned to lead even more yearly cost price savings of c.£2.2m.

 R&D expenditures were being £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 settlement with EBA Sh.p.K with the intention to deliver processed marble in the form of tiles, stair treads and window lintels. 

 

EBA Sh.p.K is a neighborhood architect and construction business based mostly in Kosovo, and the merchandise are destined for use in construction initiatives within just Kosovo. The material picked for these products 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 settlement has no minimal purchase price, but pricing is based mostly on a minimal quantity of two,000 sq. metres, which the Firm expects to supply above the program of this fiscal yr.

 

Frontier IP Team () 65p £32.9m

 Frontier IP, a expert in commercialising intellectual home, has raised its fairness stake in portfolio business Celerum Confined from ten for each cent to 33.8 for each cent. The enhance is in return for an expenditure of £25,000, changing a earlier financial loan of £21,818 into fairness, and for supplying £50,000 worth of added strategic, business enterprise and hands-on computer software improvement companies. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is establishing novel artificial intelligence to aid enterprises strengthen the operational efficiency of logistics and supply chains. It also has the opportunity to  deal with a host of other intricate scientific, engineering and industrial challenges. Frontier IP is stepping up its guidance for the Firm in response to enhanced sector desire.

 

Scapa Team () 193.5p £300m

Update on recent trading forward of its fiscal yr-finish on 31 March 2020.

Profits c.£306m, broadly in line with industry anticipations. However, trading profit is now envisioned to be about £28m, considerably down below consensus. Healthcare earnings is estimated to be about £139m, a little forward of industry anticipations and larger than previous yr despite the decline of the ConvaTec agreement. Healthcare trading profit is envisioned to be lower than consensus, reflecting slower development in lessening expenditures than envisioned at the time of the interim final results. Industrial earnings is envisioned to be about £168m, which is a little down below industry anticipations but has a material effect on Team trading profit, principally the outcome of adverse macroeconomic disorders. Scapa is focused on demanding execution of the technique as it carries on to enhance efficiency and transform its pipeline of opportunities to strengthen gross sales and margin functionality. Expects the macro surroundings to stay demanding in some of the industrial markets in which it operates.

() 601.5p £1.65bnm

AGM Assertion from the language, intellectual home guidance companies and localization suppliers. “The fiscal yr ended thirty September 2019 was an superb yr for RWS, with all a few divisions delivering record final results, enabling the Team to manage its unparalleled record of sixteen years of unbroken expansion in revenues, profits and dividends since flotation in 2003. This accomplishment was recognized when RWS was named Firm of the Calendar year at the 2019 Aim Awards.”

Existing trading and outlook

“We have continued to construct on our momentum in the 1st couple months of the 2020 fiscal yr, with numerous superb new agreement wins, especially within just our IP Expert services division, leaving us on program to supply full yr final results in line with the Board’s underlying anticipations, notwithstanding the latest forex headwinds.”

 

 SolGold () 18.25p £351m

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

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

Mineralisation mapped above a 600m strike length demonstrates robust gold grades and remains open up in both equally directions at Timbara two. Mineralisation occurs within just an 18m extensive northwest trending silicified zone, web hosting polymetallic quartz veins. Rock saw channel sampling confirms the prospectivity of the Timbara two zone, with preliminary rock saw channel samples returning:

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

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

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

() ten.5p £4.5m

Results of two years of unbiased baseline environmental details selection and monitoring at the Empire Mine, Idaho Usa.  The final results of the monitoring will be used straight for environmental permitting and the continued improvement of the Approach of Operations for all long term mining exercise, together with Purple Star and the Empire open up-pit copper oxide deposit.

No crucial habitat for threatened or endangered plant or wildlife was discovered within just the job spot.

Floor and groundwater reports suggest no impacts from legacy mining functions. No substantial cultural or archaeological artefacts discovered in the job spot

No Sage Grouse or Sage Grouse leks (breeding web pages) were being discovered at or near the job spot.

The full Plant and Wildlife studies, archaeological studies, and hydrological studies can be seen on the Firm’s web page at www.phoenixcopperlimit­ed.com/reports in the name of Konnex Means Inc, the subsidiary neighborhood functioning business of the Company 

7digital () .5p £11.3m

 The world wide leader in B2B finish-to-finish electronic audio options, is delighted to announce that its audio system-as-a-company will electric power jazzed, the world’s 1st committed audio-visible streaming company for jazz and jazz-affected audio.

jazzed is a multi-tier jazz streaming membership company which has been created by ETA Productions Ltd, a expert in building new electronic media platforms for entertainment markets. Introduced today, it gives a extremely curated audio, video and editorial experience for the jazz admirer, showcasing above 5m tracks and exclusive specific channels. Underneath the conditions of the preliminary twelve thirty day period agreement, which incorporates set-up, monthly and usage-based mostly written content expenses, jazzed will use 7digital’s API and system entry, playlist equipment, reporting companies and catalogue management. This will permit jazzed consumers to stream audio from 7digital’s in depth catalogue of jazz tracks. jazzed gives an ad-funded freemium edition showcasing ten hand-curated audio channels and a choice of video written content, and a £5.ninety nine monthly membership-based mostly tier with above forty channels and distinctive video written content.  

 

88 Energy () one.175p £83.5m

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

Highlights

·    Ice highway now >80% complete

Allow to Drill accepted for Charlie-one appraisal well

·    Spud on monitor for late February

  () three.85p £10.3m

 $one.9m inserting at $ten. Although this does stand for a 237% top quality to the closing mid-industry rate on 11 February 2020, it represents a one.one% top quality to the previous audited NAV for each share of $nine.89 as at 31 Could 2019.

The proceeds of the Inserting Shares will be used to undertake investments even more to the Firm’s expenditure technique. 

 

Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]

 

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