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

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

 Frontier IP, a specialist in commercialising intellectual assets, has lifted its equity stake in portfolio business Celerum Confined from ten for each cent to 33.eight for each cent.

 

Dish of the day

Unconditional Dealings commence in Calisen () primary mkt premium., raising £300m. Mkt cap £1.32bn.

Off the menu

No Leavers Currently

 

 

What’s cooking in the IPO kitchen?

Intention

Intention to float by Gemfields Team. No Funds Increase. Presently mentioned on JSE. (JMB:GML) at circa £122m.  The Group’s vital making property, the Kagem emerald mine in Zambia  (considered to be the world’s single most significant making emerald mine) and the Montepuez ruby mine in Mozambique (one particular of the most significant recently identified ruby deposits in the earth), are equally predicted to have extensive mine-life with likely for growth. Also owns the  Faberge brand. Thanks Valentines Working day 2020.

Main Market (Normal Checklist)

The  has announced its intention to record on the Normal Market.  The Blockchain dependent company, owns patents to a protocol which facilitates dispute resolution dependent upon sensible deal disputes.  Transaction particulars TBC. 

Main Market (Quality)

DRI Healthcare—investment business concentrated on investments in healthcare Royalty Assets  on the lookout to elevate $350m. Thanks eleven Mar.

Ninety A single –proposed demerger and public listing of  Investec’s  world asset management company on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of present shares. Anticipated free of charge float of >60%. Thanks 16 march.

Cabot Square—Closed finished investment fund focussed on option property and asset supervisor. Seeking to elevate £200m.  Will focus on investment prospects that are predicted to deliver an eye-catching hazard adjusted return and that can also make a optimistic ESG impact by focusing on some of the greatest difficulties going through societies and economies.  Thanks 14 Feb.

The Global Sustainable Farmland Money Trust will spend in a diversified portfolio of operational farmland property positioned in big agricultural marketplaces together with the United States, Europe, New Zealand, Australia and specific nations within just Latin and South The us. Raising up to $300m.   Thanks 28 February.

Financial commitment firm  is trying to find to elevate up to £200m at an difficulty value of 100p for each share by way of an IPO.   The business aims to spend in a portfolio of quoted Japanese shares with industry capitalisations of up to $1bn.   Initial day of dealings predicted early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The major world immunodiagnostics team, currently announces its fifty percent calendar year outcomes for the 6 months finished 30 November 2019.

Biodesix to start EarlyCDT Lung in US by early March 2020

Support deal signed with a significant pharmaceutical team

In late stage talks on various likely service contracts.

Profits for the 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 company (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to greater staff fees) a further more £0.7m relates to the IPF credit history facility and greater patent fees as the Protagen patent estate was integrated.

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

 R&D fees had been £1.01m.

Fox Marble () 2.25p £5.9m

 The  company concentrated 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 supply processed marble in the kind of tiles, stair treads and window lintels. 

 

EBA Sh.p.K is a local architect and development agency dependent in Kosovo, and the solutions are destined for use in development jobs within just Kosovo. The materials picked for these objects is Flora, Alexandrian White and Illirico Bianco. 

 

The stone will be processed at Fox Marble’s Lipjan manufacturing unit, from present blocks of Illirico Bianco, Flora and Alexandrian White. The arrangement has no least order benefit, but pricing is dependent on a least volume of 2,000 sq. metres, which the Enterprise expects to offer above the study course of this money calendar year.

 

Frontier IP Team () 65p £32.9m

 Frontier IP, a specialist in commercialising intellectual assets, has lifted its equity stake in portfolio business Celerum Confined from ten for each cent to 33.eight for each cent. The improve is in return for an investment of £25,000, converting a former bank loan of £21,818 into equity, and for delivering £50,000 truly worth of further strategic, company and palms-on software package progress products and services. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is producing novel artificial intelligence to enable corporations boost the operational effectiveness of logistics and offer chains. It also has the likely to  tackle a host of other complicated scientific, engineering and industrial difficulties. Frontier IP is stepping up its support for the Enterprise in reaction to greater marketplace curiosity.

 

Scapa Team () 193.5p £300m

Update on latest investing forward of its money calendar year-close on 31 March 2020.

Profits c.£306m, broadly in line with industry expectations. However, investing gain is now predicted to be approximately £28m, substantially under consensus. Healthcare income is believed to be approximately £139m, a little bit forward of industry expectations and greater than last calendar year in spite of the loss of the ConvaTec deal. Health care investing gain is predicted to be lessen than consensus, reflecting slower progress in decreasing fees than predicted at the time of the interim outcomes. Industrial income is predicted to be approximately £168m, which is a little bit under industry expectations but has a materials impact on Team investing gain, mainly the result of adverse macroeconomic situations. Scapa is concentrated on demanding execution of the strategy as it proceeds to improve effectiveness and change its pipeline of prospects to boost revenue and margin efficiency. Expects the macro environment to continue to be difficult 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 money calendar year finished 30 September 2019 was an great calendar year for RWS, with all 3 divisions delivering report outcomes, enabling the Team to preserve its unparalleled report of 16 decades of unbroken expansion in revenues, gains and dividends since flotation in 2003. This achievement was recognized when RWS was named Enterprise of the Calendar year at the 2019 Intention Awards.”

Present-day investing and outlook

“We have ongoing to create on our momentum in the 1st couple of months of the 2020 money calendar year, with various great new deal wins, specifically within just our IP Solutions division, leaving us on study course to produce complete calendar year outcomes in line with the Board’s fundamental expectations, notwithstanding the modern forex headwinds.”

 

 SolGold () eighteen.25p £351m

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

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

Mineralisation mapped above a 600m strike duration demonstrates strong gold grades and remains open in equally directions at Timbara 2. Mineralisation takes place within just an 18m broad northwest trending silicified zone, web hosting polymetallic quartz veins. Rock noticed channel sampling confirms the prospectivity of the Timbara 2 zone, with preliminary rock noticed channel samples returning:

seven.7m @ six.63 g/t Au (northern stream outcrops) -2m @ 5.16 g/ t Au (southern stream outcrops)

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

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

() ten.5p £4.5m

Results of two decades of unbiased baseline environmental knowledge assortment and monitoring at the Empire Mine, Idaho United states.  The outcomes of the monitoring will be utilised right for environmental permitting and the ongoing progress of the Plan of Functions for all long term mining action, together with Crimson Star and the Empire open-pit copper oxide deposit.

No important habitat for threatened or endangered plant or wildlife was discovered within just the challenge spot.

Area and groundwater scientific studies reveal no impacts from legacy mining operations. No significant cultural or archaeological artefacts discovered in the challenge spot

No Sage Grouse or Sage Grouse leks (breeding websites) had been discovered at or near the challenge spot.

The complete Plant and Wildlife reports, archaeological reports, and hydrological reports can be considered on the Company’s web site at www.phoenixcopperlimit­ed.com/reports in the name of Konnex Methods Inc, the subsidiary local running business of the Company 

7digital () .5p £11.3m

 The world chief in B2B close-to-close digital audio answers, is delighted to announce that its audio platform-as-a-service will power jazzed, the world’s 1st devoted audio-visible streaming service for jazz and jazz-influenced audio.

jazzed is a multi-tier jazz streaming subscription service which has been created by ETA Productions Ltd, a specialist in building new digital media platforms for leisure marketplaces. Released currently, it delivers a very curated audio, online video and editorial expertise for the jazz admirer, that includes above 5m tracks and distinctive person channels. Beneath the conditions of the preliminary 12 month deal, which consists of set-up, regular and usage-dependent content fees, jazzed will use 7digital’s API and platform obtain, playlist tools, reporting products and services and catalogue management. This will let jazzed users to stream audio from 7digital’s substantial catalogue of jazz tracks. jazzed delivers an advertisement-funded freemium version that includes ten hand-curated audio channels and a collection of online video content, and a £5.99 regular subscription-dependent tier with above forty channels and exclusive online video content.  

 

88 Electrical power () one.175p £83.5m

Update associated to operations for the impending Charlie-one appraisal effectively, on the North Slope of Alaska.

Highlights

·    Ice road now >80% total

Allow to Drill authorized for Charlie-one appraisal effectively

·    Spud on observe for late February

  () three.85p £10.3m

 $one.9m placing at $ten. Whilst this does characterize a 237% premium to the closing mid-industry value on eleven February 2020, it represents a one.one% premium to the last audited NAV for each share of $9.89 as at 31 Might 2019.

The proceeds of the Inserting Shares will be utilised to undertake investments further more to the Company’s investment strategy. 

 

Head Cooks

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]