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

 

Dish of the day

Unconditional Dealings start in Calisen () primary mkt high quality., elevating £300m. Mkt cap £1.32bn.

Off the menu

No Leavers Now

 

 

What’s cooking in the IPO kitchen?

Aim

Intention to float by Gemfields Group. No Funds Raise. At this time stated on JSE. (JMB:GML) at circa £122m.  The Group’s vital making belongings, the Kagem emerald mine in Zambia  (considered to be the world’s single biggest making emerald mine) and the Montepuez ruby mine in Mozambique (one of the most considerable not long ago uncovered ruby deposits in the world), are both equally anticipated to have extensive mine-life with opportunity for growth. Also owns the  Faberge brand. Thanks Valentines Day 2020.

Key Industry (Standard Record)

The  has declared its intention to list on the Standard Industry.  The Blockchain centered business, owns patents to a protocol which facilitates dispute resolution centered upon good contract disputes.  Transaction particulars TBC. 

Key Industry (Quality)

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

Ninety One particular –proposed demerger and community listing of  Investec’s  worldwide asset administration business on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of present shares. Envisioned totally free float of >60{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627}. Thanks 16 march.

Cabot Square—Closed ended financial commitment fund focussed on option belongings and asset manager. On the lookout to increase £200m.  Will goal financial commitment alternatives that are anticipated to deliver an beautiful chance adjusted return and that can also make a positive ESG impression by focusing on some of the biggest worries experiencing societies and economies.  Thanks 14 Feb.

The Worldwide Sustainable Farmland Profits Trust will invest in a diversified portfolio of operational farmland belongings situated in major agricultural marketplaces including the United States, Europe, New Zealand, Australia and particular nations around the world inside Latin and South The usa. Boosting up to $300m.   Thanks 28 February.

Financial investment firm  is seeking to increase up to £200m at an situation rate of 100p for each share through an IPO.   The corporation aims to invest in a portfolio of quoted Japanese stocks with current market capitalisations of up to $1bn.   To start with day of dealings anticipated early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The major worldwide immunodiagnostics group, nowadays announces its fifty percent 12 months benefits for the six months ended 30 November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Service contract signed with a significant pharmaceutical group

In late stage talks on numerous opportunity service contracts.

Revenue for the interval was £0.31m. Income £7.5m

Total administrative fees have been £5.11m (H1 2018: £2.63m) of which c.£1.3m relates to reshaping the business (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to greater personnel charges) a further £0.7m relates to the IPF credit rating facility and greater patent charges as the Protagen patent estate was built-in.

 The implementation of an ongoing price tag reduction programme publish the interval has delivered once-a-year price tag cost savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix anticipated to lead further once-a-year price tag cost savings of c.£2.2m.

 R&D charges have 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 supply processed marble in the sort of tiles, stair treads and window lintels. 

 

EBA Sh.p.K is a local architect and building firm centered in Kosovo, and the products and solutions are destined for use in building tasks inside Kosovo. The materials picked for these merchandise is Flora, Alexandrian White and Illirico Bianco. 

 

The stone will be processed at Fox Marble’s Lipjan factory, from present blocks of Illirico Bianco, Flora and Alexandrian White. The agreement has no least buy benefit, but pricing is centered on a least quantity of 2,000 square metres, which the Company expects to offer around the course of this economic 12 months.

 

Frontier IP Group () 65p £32.9m

 Frontier IP, a professional in commercialising mental assets, has elevated its fairness stake in portfolio corporation Celerum Confined from ten for each cent to 33.8 for each cent. The raise is in return for an financial commitment of £25,000, changing a prior personal loan of £21,818 into fairness, and for supplying £50,000 value of supplemental strategic, business and hands-on program growth services. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is developing novel artificial intelligence to enable organizations enhance the operational performance of logistics and offer chains. It also has the opportunity to  deal with a host of other complicated scientific, engineering and industrial worries. Frontier IP is stepping up its aid for the Company in reaction to greater market desire.

 

Scapa Group () 193.5p £300m

Update on existing investing in advance of its economic 12 months-finish on 31 March 2020.

Revenue c.£306m, broadly in line with current market expectations. Nonetheless, investing financial gain is now anticipated to be about £28m, drastically down below consensus. Healthcare income is estimated to be about £139m, a little bit in advance of current market expectations and increased than very last 12 months even with the decline of the ConvaTec contract. Health care investing financial gain is anticipated to be lessen than consensus, reflecting slower development in minimizing charges than anticipated at the time of the interim benefits. Industrial income is anticipated to be about £168m, which is a little bit down below current market expectations but has a materials impression on Group investing financial gain, largely the consequence of adverse macroeconomic conditions. Scapa is centered on demanding execution of the system as it continues to raise performance and change its pipeline of alternatives to enhance revenue and margin overall performance. Expects the macro surroundings to remain complicated in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, mental assets aid services and localization providers. “The economic 12 months ended 30 September 2019 was an superb 12 months for RWS, with all 3 divisions offering record benefits, enabling the Group to manage its unparalleled record of 16 decades of unbroken development in revenues, gains and dividends due to the fact flotation in 2003. This accomplishment was recognized when RWS was named Company of the 12 months at the 2019 Aim Awards.”

Existing investing and outlook

“We have ongoing to create on our momentum in the 1st few months of the 2020 economic 12 months, with quite a few superb new contract wins, significantly inside our IP Solutions division, leaving us on course to provide complete 12 months benefits in line with the Board’s fundamental expectations, notwithstanding the the latest currency headwinds.”

 

 SolGold () eighteen.25p £351m

Update on exploration at its one hundred{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627} owned Timbara Project in Southern Ecuador. The task is held in SolGold’s one hundred{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627} owned subsidiary Eco-friendly Rock Means S.A.

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

Mineralisation mapped around a 600m strike duration demonstrates solid gold grades and remains open up in both equally directions at Timbara 2. Mineralisation happens inside an 18m huge northwest trending silicified zone, internet hosting polymetallic quartz veins. Rock observed channel sampling confirms the prospectivity of the Timbara 2 zone, with initial rock observed channel samples returning:

seven.7m @ six.sixty three g/t Au (northern stream outcrops) -2m @ five.16 g/ t Au (southern stream outcrops)

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

 Field groups are continuing with clearing to produce supplemental outcrop exposures for further mapping and sampling.

() ten.5p £4.5m

Outcomes of two decades of independent baseline environmental data collection and monitoring at the Empire Mine, Idaho Usa.  The benefits of the monitoring will be used right for environmental permitting and the ongoing growth of the Strategy of Functions for all upcoming mining action, including Pink Star and the Empire open up-pit copper oxide deposit.

No important habitat for threatened or endangered plant or wildlife was identified inside the task space.

Area and groundwater research reveal no impacts from legacy mining functions. No considerable cultural or archaeological artefacts identified in the task space

No Sage Grouse or Sage Grouse leks (breeding web sites) have been identified at or in close proximity to the task space.

The complete Plant and Wildlife reviews, archaeological reviews, and hydrological reviews can be viewed on the Firm’s web-site at www.phoenixcopperlimit­ed.com/reports in the name of Konnex Means Inc, the subsidiary local working corporation of the Company 

7digital () .5p £11.3m

 The worldwide chief in B2B finish-to-finish electronic songs solutions, is delighted to announce that its songs system-as-a-service will energy jazzed, the world’s 1st committed audio-visual streaming service for jazz and jazz-motivated songs.

jazzed is a multi-tier jazz streaming membership service which has been formulated by ETA Productions Ltd, a professional in generating new electronic media platforms for amusement marketplaces. Introduced nowadays, it presents a extremely curated songs, online video and editorial knowledge for the jazz admirer, that includes around 5m tracks and exclusive specific channels. Less than the conditions of the initial twelve thirty day period contract, which incorporates established-up, every month and usage-centered articles charges, jazzed will use 7digital’s API and system accessibility, playlist tools, reporting services and catalogue administration. This will allow for jazzed customers to stream songs from 7digital’s intensive catalogue of jazz tracks. jazzed presents an ad-funded freemium version that includes ten hand-curated audio channels and a assortment of online video articles, and a £5.ninety nine every month membership-centered tier with around 40 channels and exceptional online video articles.  

 

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

Update connected to functions for the forthcoming Charlie-one appraisal very well, on the North Slope of Alaska.

Highlights

·    Ice road now >80{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627} full

Allow to Drill permitted for Charlie-one appraisal very well

·    Spud on monitor for late February

  () three.85p £10.3m

 $one.9m putting at $ten. Although this does signify a 237{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627} high quality to the closing mid-current market rate on 11 February 2020, it represents a one.one{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627} high quality to the very last audited NAV for each share of $nine.89 as at 31 Might 2019.

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

 

Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]