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

 

Dish of the working day

Unconditional Dealings commence in Calisen () most important mkt top quality., increasing £300m. Mkt cap £1.32bn.

Off the menu

No Leavers Nowadays

 

 

What’s cooking in the IPO kitchen?

Aim

Intention to float by Gemfields Group. No Funds Elevate. At this time shown on JSE. (JMB:GML) at circa £122m.  The Group’s crucial making assets, the Kagem emerald mine in Zambia  (considered to be the world’s single major making emerald mine) and the Montepuez ruby mine in Mozambique (just one of the most major a short while ago identified ruby deposits in the world), are both predicted to have extended mine-lives with possible for expansion. Also owns the  Faberge brand. Owing Valentines Working day 2020.

Key Sector (Typical Listing)

The  has introduced its intention to listing on the Typical Sector.  The Blockchain dependent business enterprise, owns patents to a protocol which facilitates dispute resolution dependent on sensible deal disputes.  Transaction particulars TBC. 

Key Sector (High quality)

DRI Healthcare—investment corporation centered on investments in healthcare Royalty Assets  searching to increase $350m. Owing eleven Mar.

Ninety One –proposed demerger and public listing of  Investec’s  world asset management business enterprise on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of current shares. Envisioned totally free float of >60%. Owing 16 march.

Cabot Square—Closed ended investment decision fund focussed on option assets and asset supervisor. Wanting to increase £200m.  Will goal investment decision prospects that are predicted to deliver an appealing danger altered return and that can also make a positive ESG influence by concentrating on some of the most important difficulties experiencing societies and economies.  Owing fourteen Feb.

The World Sustainable Farmland Profits Trust will spend in a diversified portfolio of operational farmland assets located in significant agricultural marketplaces together with the United States, Europe, New Zealand, Australia and particular countries inside Latin and South The usa. Elevating up to $300m.   Owing 28 February.

Investment firm  is trying to find to increase up to £200m at an concern cost of 100p for each share by using an IPO.   The corporation aims to spend in a portfolio of quoted Japanese shares with marketplace capitalisations of up to $1bn.   Very first working day of dealings predicted early February.

NEX Exchange

Banquet Buffet

Holdings  () 31.5p £19.9m

 The primary world immunodiagnostics team, nowadays announces its half yr results for the 6 months ended thirty November 2019.

Biodesix to start EarlyCDT Lung in US by early March 2020

Company deal signed with a huge pharmaceutical team

In late phase talks on a number of possible services contracts.

Revenue for the period was £0.31m. Dollars £7.5m

Complete administrative bills were £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 elevated team prices) a further £0.7m relates to the IPF credit score facility and elevated patent prices as the Protagen patent estate was integrated.

 The implementation of an ongoing value reduction programme submit the period has delivered annual value savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix predicted to lead further annual value savings of c.£2.2m.

 R&D prices were £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 deliver processed marble in the type of tiles, stair treads and window lintels. 

 

EBA Sh.p.K is a area architect and construction company dependent in Kosovo, and the merchandise are destined for use in construction jobs inside Kosovo. The product chosen for these objects is Flora, Alexandrian White and Illirico Bianco. 

 

The stone will be processed at Fox Marble’s Lipjan manufacturing facility, from current blocks of Illirico Bianco, Flora and Alexandrian White. The agreement has no least order worth, but pricing is dependent on a least quantity of 2,000 square metres, which the Corporation expects to provide over the class of this financial yr.

 

Frontier IP Group () 65p £32.9m

 Frontier IP, a specialist in commercialising intellectual assets, has elevated its fairness stake in portfolio corporation Celerum Minimal from 10 for each cent to 33.eight for each cent. The boost is in return for an investment decision of £25,000, changing a prior mortgage of £21,818 into fairness, and for furnishing £50,000 really worth of further strategic, business enterprise and hands-on software package improvement providers. 

Celerum, a spin out from Robert Gordon College (“RGU”), Aberdeen, is establishing novel synthetic intelligence to aid companies increase the operational effectiveness of logistics and provide chains. It also has the possible to  deal with a host of other complicated scientific, engineering and industrial difficulties. Frontier IP is stepping up its aid for the Corporation in response to elevated field fascination.

 

Scapa Group () 193.5p £300m

Update on present-day buying and selling ahead of its financial yr-conclusion on 31 March 2020.

Revenue c.£306m, broadly in line with marketplace anticipations. Nevertheless, buying and selling revenue is now predicted to be close to £28m, noticeably beneath consensus. Healthcare profits is approximated to be close to £139m, marginally ahead of marketplace anticipations and larger than last yr in spite of the reduction of the ConvaTec deal. Healthcare buying and selling revenue is predicted to be decrease than consensus, reflecting slower development in lessening prices than predicted at the time of the interim results. Industrial profits is predicted to be close to £168m, which is marginally beneath marketplace anticipations but has a product influence on Group buying and selling revenue, mostly the consequence of adverse macroeconomic disorders. Scapa is centered on rigorous execution of the method as it proceeds to boost effectiveness and change its pipeline of prospects to increase sales and margin general performance. Expects the macro environment to keep on being demanding in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, intellectual assets aid providers and localization companies. “The financial yr ended thirty September 2019 was an superb yr for RWS, with all 3 divisions delivering document results, enabling the Group to maintain its unparalleled document of 16 decades of unbroken development in revenues, gains and dividends given that flotation in 2003. This achievement was recognized when RWS was named Corporation of the Yr at the 2019 Aim Awards.”

Present buying and selling and outlook

“We have ongoing to create on our momentum in the initial few months of the 2020 financial yr, with many superb new deal wins, especially inside our IP Solutions division, leaving us on class to produce full yr results in line with the Board’s underlying anticipations, notwithstanding the new currency headwinds.”

 

 SolGold () 18.25p £351m

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

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

Mineralisation mapped over a 600m strike length demonstrates sturdy gold grades and stays open up in both directions at Timbara 2. Mineralisation takes place inside an 18m vast 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:

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 stays open up at both ends.

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

() 10.5p £4.5m

Final results of two decades of unbiased baseline environmental knowledge collection and checking at the Empire Mine, Idaho Usa.  The results of the checking will be utilized directly for environmental permitting and the ongoing improvement of the System of Operations for all potential mining activity, together with Red Star and the Empire open up-pit copper oxide deposit.

No critical habitat for threatened or endangered plant or wildlife was identified inside the job space.

Floor and groundwater reports show no impacts from legacy mining functions. No major cultural or archaeological artefacts identified in the job space

No Sage Grouse or Sage Grouse leks (breeding internet sites) were identified at or around the job space.

The full Plant and Wildlife reports, archaeological reports, and hydrological reports can be considered on the Firm’s web site at www.phoenixcopperlimit­ed.com/reports in the title of Konnex Sources Inc, the subsidiary area operating corporation of the Company 

7digital () .5p £11.3m

 The world leader in B2B conclusion-to-conclusion electronic audio answers, is delighted to announce that its audio platform-as-a-services will energy jazzed, the world’s initial committed audio-visible streaming services for jazz and jazz-motivated audio.

jazzed is a multi-tier jazz streaming membership services which has been made by ETA Productions Ltd, a specialist in generating new electronic media platforms for amusement marketplaces. Released nowadays, it delivers a remarkably curated audio, movie and editorial knowledge for the jazz fan, that includes over 5m tracks and one of a kind personal channels. Under the terms of the preliminary twelve month deal, which incorporates established-up, regular and usage-dependent information fees, jazzed will use 7digital’s API and platform obtain, playlist resources, reporting providers and catalogue management. This will make it possible for jazzed users to stream audio from 7digital’s substantial catalogue of jazz tracks. jazzed delivers an ad-funded freemium model that includes 10 hand-curated audio channels and a range of movie information, and a £5.99 regular membership-dependent tier with over 40 channels and distinctive movie information.  

 

88 Strength () one.175p £83.5m

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

Highlights

·    Ice street now >80% comprehensive

Allow to Drill approved for Charlie-one appraisal perfectly

·    Spud on monitor for late February

  () three.85p £10.3m

 $one.9m placing at $10. While this does represent a 237% top quality to the closing mid-marketplace cost on eleven February 2020, it signifies a one.one% top quality to the last audited NAV for each share of $nine.89 as at 31 Might 2019.

The proceeds of the Positioning Shares will be utilized to undertake investments further to the Firm’s investment decision method. 

 

Head Cooks

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]