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

 

Dish of the day

Unconditional Dealings commence in Calisen () main mkt quality., elevating £300m. Mkt cap £1.32bn.

Off the menu

No Leavers Now

 

 

What’s cooking in the IPO kitchen area?

Purpose

Intention to float by Gemfields Team. No Capital Elevate. At this time stated on JSE. (JMB:GML) at circa £122m.  The Group’s critical making property, the Kagem emerald mine in Zambia  (considered to be the world’s one major making emerald mine) and the Montepuez ruby mine in Mozambique (a single of the most sizeable not long ago found ruby deposits in the world), are both equally predicted to have very long mine-lives with potential for growth. Also owns the  Faberge manufacturer. Due Valentines Working day 2020.

Main Market (Standard Record)

The  has announced its intention to checklist on the Standard Market.  The Blockchain centered business enterprise, owns patents to a protocol which facilitates dispute resolution centered upon intelligent deal disputes.  Transaction information TBC. 

Main Market (High quality)

DRI Healthcare—investment business centered on investments in healthcare Royalty Assets  searching to elevate $350m. Due 11 Mar.

Ninety 1 –proposed demerger and community listing of  Investec’s  international asset administration business enterprise on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of existing shares. Anticipated free float of >60%. Due sixteen march.

Cabot Square—Closed finished investment decision fund focussed on choice property and asset supervisor. Seeking to elevate £200m.  Will concentrate on investment decision prospects that are predicted to crank out an eye-catching possibility altered return and that can also make a good ESG impact by concentrating on some of the largest issues dealing with societies and economies.  Due 14 Feb.

The Global Sustainable Farmland Income Trust will make investments in a diversified portfolio of operational farmland property situated in significant agricultural marketplaces together with the United States, Europe, New Zealand, Australia and sure countries within Latin and South The united states. Raising up to $300m.   Due 28 February.

Financial investment firm  is trying to get to elevate up to £200m at an problem selling price of 100p for every share by way of an IPO.   The business aims to make investments in a portfolio of quoted Japanese shares with current market capitalisations of up to $1bn.   To start with day of dealings predicted early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The leading international immunodiagnostics group, nowadays announces its 50 percent 12 months final results for the six months finished 30 November 2019.

Biodesix to start EarlyCDT Lung in US by early March 2020

Company deal signed with a significant pharmaceutical group

In late phase talks on several potential support contracts.

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

Overall administrative expenses have been £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 amplified staff members costs) a even further £0.7m relates to the IPF credit score facility and amplified patent costs as the Protagen patent estate was integrated.

 The implementation of an ongoing charge reduction programme put up the time period has sent yearly charge personal savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix predicted to add even further yearly charge personal savings of c.£2.2m.

 R&D costs 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 arrangement 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 nearby architect and construction organization centered in Kosovo, and the merchandise are destined for use in construction tasks within Kosovo. The substance picked for these goods 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 arrangement has no least get price, but pricing is centered on a least volume of two,000 square metres, which the Enterprise expects to offer more than the class of this fiscal 12 months.

 

Frontier IP Team () 65p £32.9m

 Frontier IP, a professional in commercialising mental property, has lifted its equity stake in portfolio business Celerum Confined from 10 for every cent to 33.eight for every cent. The enhance is in return for an investment decision of £25,000, converting a prior personal loan of £21,818 into equity, and for giving £50,000 truly worth of further strategic, business enterprise and palms-on computer software advancement products and services. 

Celerum, a spin out from Robert Gordon College (“RGU”), Aberdeen, is building novel artificial intelligence to support corporations make improvements to the operational efficiency of logistics and offer chains. It also has the potential to  deal with a host of other elaborate scientific, engineering and industrial issues. Frontier IP is stepping up its help for the Enterprise in response to amplified industry interest.

 

Scapa Team () 193.5p £300m

Update on present investing in advance of its fiscal 12 months-end on 31 March 2020.

Profits c.£306m, broadly in line with current market anticipations. Nonetheless, investing revenue is now predicted to be around £28m, noticeably under consensus. Healthcare profits is estimated to be around £139m, slightly in advance of current market anticipations and bigger than past 12 months inspite of the loss of the ConvaTec deal. Health care investing revenue is predicted to be reduce than consensus, reflecting slower progress in lowering costs than predicted at the time of the interim final results. Industrial profits is predicted to be around £168m, which is slightly under current market anticipations but has a substance impact on Team investing revenue, generally the result of adverse macroeconomic disorders. Scapa is centered on rigorous execution of the method as it proceeds to enhance efficiency and convert its pipeline of prospects to make improvements to sales and margin functionality. Expects the macro setting to stay difficult in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Assertion from the language, mental property help products and services and localization vendors. “The fiscal 12 months finished 30 September 2019 was an excellent 12 months for RWS, with all three divisions delivering document final results, enabling the Team to retain its unparalleled document of sixteen many years of unbroken advancement in revenues, earnings and dividends considering the fact that flotation in 2003. This accomplishment was recognized when RWS was named Enterprise of the Calendar year at the 2019 Purpose Awards.”

Present investing and outlook

“We have ongoing to create on our momentum in the initially couple months of the 2020 fiscal 12 months, with several excellent new deal wins, significantly within our IP Expert services division, leaving us on class to supply complete 12 months final results in line with the Board’s fundamental anticipations, notwithstanding the current forex headwinds.”

 

 SolGold () 18.25p £351m

Update on exploration at its a hundred% owned Timbara Job in Southern Ecuador. The venture is held in SolGold’s a hundred% owned subsidiary Environmentally friendly Rock Sources S.A.

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

Mineralisation mapped more than a 600m strike size demonstrates robust gold grades and continues to be open in both equally instructions at Timbara two. Mineralisation occurs within an 18m vast northwest trending silicified zone, hosting polymetallic quartz veins. Rock saw channel sampling confirms the prospectivity of the Timbara two zone, with initial rock saw channel samples returning:

7.7m @ 6.63 g/t Au (northern stream outcrops) -2m @ 5.sixteen g/ t Au (southern stream outcrops)

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

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

() 10.5p £4.5m

Outcomes of two many years of unbiased baseline environmental facts collection and checking at the Empire Mine, Idaho United states of america.  The final results of the checking will be utilised specifically for environmental permitting and the ongoing advancement of the Plan of Operations for all long run mining activity, together with Pink Star and the Empire open-pit copper oxide deposit.

No vital habitat for threatened or endangered plant or wildlife was discovered within the venture location.

Surface and groundwater studies show no impacts from legacy mining operations. No sizeable cultural or archaeological artefacts discovered in the venture location

No Sage Grouse or Sage Grouse leks (breeding web sites) have been discovered at or close to the venture location.

The complete Plant and Wildlife stories, archaeological stories, and hydrological stories can be considered on the Firm’s site at www.phoenixcopperlimit­ed.com/reports in the name of Konnex Sources Inc, the subsidiary nearby functioning business of the Company 

7digital () .5p £11.3m

 The international chief in B2B end-to-end digital songs alternatives, is pleased to announce that its songs system-as-a-support will electricity jazzed, the world’s initially committed audio-visual streaming support for jazz and jazz-affected songs.

jazzed is a multi-tier jazz streaming subscription support which has been formulated by ETA Productions Ltd, a professional in developing new digital media platforms for entertainment marketplaces. Launched nowadays, it features a highly curated songs, video and editorial practical experience for the jazz supporter, that includes more than 5m tracks and unique unique channels. Beneath the phrases of the initial twelve month deal, which incorporates established-up, month-to-month and usage-centered material charges, jazzed will use 7digital’s API and system access, playlist applications, reporting products and services and catalogue administration. This will enable jazzed consumers to stream songs from 7digital’s extensive catalogue of jazz tracks. jazzed features an ad-funded freemium edition that includes 10 hand-curated audio channels and a collection of video material, and a £5.99 month-to-month subscription-centered tier with more than forty channels and distinctive video material.  

 

88 Energy () one.175p £83.5m

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

Highlights

·    Ice road now >80% full

Permit to Drill approved for Charlie-one appraisal effectively

·    Spud on monitor for late February

  () three.85p £10.3m

 $one.9m positioning at $10. While this does stand for a 237% quality to the closing mid-current market selling price on 11 February 2020, it represents a one.one% quality to the past audited NAV for every share of $9.89 as at 31 May possibly 2019.

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

 

Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]