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

Dish of the working day

Unconditional Dealings start in Calisen () most important mkt premium., raising £300m. Mkt cap £1.32bn.

Off the menu

No Leavers Now

What’s cooking in the IPO kitchen area?

Goal

Intention to float by Gemfields Group. No Capital Increase. At present listed on JSE. (JMB:GML) at circa £122m.  The Group’s essential developing property, the Kagem emerald mine in Zambia  (believed to be the world’s single most significant developing emerald mine) and the Montepuez ruby mine in Mozambique (1 of the most substantial not long ago uncovered ruby deposits in the globe), are the two expected to have prolonged mine-life with opportunity for enlargement. Also owns the  Faberge brand. Thanks Valentines Working day 2020.

Main Market place (Normal Listing)

The  has announced its intention to checklist on the Normal Market place.  The Blockchain dependent business enterprise, owns patents to a protocol which facilitates dispute resolution dependent upon good agreement disputes.  Transaction details TBC. 

Main Market place (Top quality)

DRI Healthcare—investment company focused on investments in healthcare Royalty Assets  looking to increase $350m. Thanks eleven Mar.

Ninety A person –proposed demerger and community listing of  Investec’s  world wide asset management business enterprise on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of current shares. Predicted cost-free float of >60%. Thanks 16 march.

Cabot Square—Closed ended investment fund focussed on alternative property and asset supervisor. On the lookout to increase £200m.  Will focus on investment alternatives that are expected to deliver an beautiful threat altered return and that can also make a good ESG impression by focusing on some of the major issues struggling with societies and economies.  Thanks fourteen Feb.

The World-wide Sustainable Farmland Cash flow Trust will make investments in a diversified portfolio of operational farmland property located in key agricultural markets like the United States, Europe, New Zealand, Australia and selected countries in just Latin and South America. Raising up to $300m.   Thanks 28 February.

Expenditure firm  is trying to get to increase up to £200m at an situation price tag of 100p for each share via an IPO.   The company aims to make investments in a portfolio of quoted Japanese shares with marketplace capitalisations of up to $1bn.   First working day of dealings expected early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The major world wide immunodiagnostics team, currently announces its 50 % year success for the 6 months ended thirty November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Support agreement signed with a big pharmaceutical team

In late phase talks on numerous opportunity services contracts.

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

Whole administrative expenditures 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 members prices) a further more £0.7m relates to the IPF credit rating facility and enhanced patent prices as the Protagen patent estate was built-in.

 The implementation of an ongoing price reduction programme publish the period has delivered annual price cost savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix expected to contribute further more annual price cost savings of c.£2.2m.

 R&D prices were being £1.01m.

Fox Marble () 2.25p £5.9m

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

EBA Sh.p.K is a nearby architect and design firm dependent in Kosovo, and the products are destined for use in design initiatives in just Kosovo. The materials chosen for these things is Flora, Alexandrian White and Illirico Bianco. 

The stone will be processed at Fox Marble’s Lipjan manufacturing unit, from current blocks of Illirico Bianco, Flora and Alexandrian White. The agreement has no least order price, but pricing is dependent on a least volume of 2,000 sq. metres, which the Company expects to source over the system of this fiscal year.

Frontier IP Group () 65p £32.9m

 Frontier IP, a expert in commercialising intellectual house, has elevated its equity stake in portfolio company Celerum Constrained from ten for each cent to 33.eight for each cent. The increase is in return for an investment of £25,000, converting a earlier bank loan of £21,818 into equity, and for giving £50,000 worthy of of further strategic, business enterprise and arms-on computer software advancement products and services. 

Celerum, a spin out from Robert Gordon College (“RGU”), Aberdeen, is acquiring novel artificial intelligence to assist businesses boost the operational performance of logistics and source chains. It also has the opportunity to  tackle a host of other sophisticated scientific, engineering and industrial issues. Frontier IP is stepping up its guidance for the Company in response to enhanced market curiosity.

Scapa Group () 193.5p £300m

Update on present investing forward of its fiscal year-conclude on 31 March 2020.

Earnings c.£306m, broadly in line with marketplace anticipations. Nonetheless, investing income is now expected to be approximately £28m, considerably beneath consensus. Healthcare revenue is approximated to be approximately £139m, slightly forward of marketplace anticipations and larger than last year inspite of the reduction of the ConvaTec agreement. Health care investing income is expected to be reduced than consensus, reflecting slower development in cutting down prices than expected at the time of the interim success. Industrial revenue is expected to be approximately £168m, which is slightly beneath marketplace anticipations but has a materials impression on Group investing income, mostly the end result of adverse macroeconomic circumstances. Scapa is focused on demanding execution of the method as it proceeds to increase performance and change its pipeline of alternatives to boost revenue and margin overall performance. Expects the macro atmosphere to remain difficult in some of the industrial markets in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, intellectual house guidance products and services and localization vendors. “The fiscal year ended thirty September 2019 was an excellent year for RWS, with all 3 divisions offering document success, enabling the Group to keep its unparalleled document of 16 several years of unbroken progress in revenues, income and dividends considering that flotation in 2003. This accomplishment was recognized when RWS was named Company of the Calendar year at the 2019 Goal Awards.”

Latest investing and outlook

“We have ongoing to make on our momentum in the 1st few months of the 2020 fiscal year, with various excellent new agreement wins, especially in just our IP Companies division, leaving us on system to provide full year success in line with the Board’s underlying anticipations, notwithstanding the the latest currency headwinds.”

 SolGold () 18.25p £351m

Update on exploration at its a hundred% owned Timbara Project in Southern Ecuador. The project is held in SolGold’s a hundred% owned subsidiary Eco-friendly Rock Means S.A.

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

Mineralisation mapped over a 600m strike size demonstrates strong gold grades and remains open in the two directions at Timbara 2. Mineralisation occurs in just an 18m extensive northwest trending silicified zone, internet 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.sixty three 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 the two ends.

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

() ten.5p £4.5m

Outcomes of two several years of unbiased baseline environmental data collection and monitoring at the Empire Mine, Idaho United states.  The success of the monitoring will be made use of immediately for environmental permitting and the ongoing advancement of the System of Operations for all future mining activity, like Purple Star and the Empire open-pit copper oxide deposit.

No significant habitat for threatened or endangered plant or wildlife was discovered in just the project region.

Floor and groundwater research reveal no impacts from legacy mining functions. No substantial cultural or archaeological artefacts discovered in the project region

No Sage Grouse or Sage Grouse leks (breeding web sites) were being discovered at or around the project region.

The full Plant and Wildlife experiences, archaeological experiences, and hydrological experiences can be viewed on the Company’s site at www.phoenixcopperlimit­ed.com/reports in the identify of Konnex Means Inc, the subsidiary nearby working company of the Company 

7digital () .5p £11.3m

 The world wide leader in B2B conclude-to-conclude electronic new music answers, is happy to announce that its new music platform-as-a-services will electrical power jazzed, the world’s 1st dedicated audio-visible streaming services for jazz and jazz-motivated new music.

jazzed is a multi-tier jazz streaming membership services which has been developed by ETA Productions Ltd, a expert in building new electronic media platforms for leisure markets. Released currently, it offers a very curated new music, online video and editorial working experience for the jazz fan, featuring over 5m tracks and one of a kind person channels. Beneath the phrases of the preliminary 12 month agreement, which incorporates set-up, month to month and usage-dependent articles charges, jazzed will use 7digital’s API and platform accessibility, playlist resources, reporting products and services and catalogue management. This will permit jazzed buyers to stream new music from 7digital’s substantial catalogue of jazz tracks. jazzed offers an ad-funded freemium edition featuring ten hand-curated audio channels and a collection of online video articles, and a £5.ninety nine month to month membership-dependent tier with over forty channels and unique online video articles.  

88 Strength () one.175p £83.5m

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

Highlights

·    Ice road now >80% total

Permit to Drill permitted for Charlie-one appraisal effectively

·    Spud on track for late February

  () 3.85p £10.3m

 $one.9m putting at $ten. While this does depict a 237% premium to the closing mid-marketplace price tag on eleven February 2020, it signifies a one.one% premium to the last audited NAV for each share of $nine.89 as at 31 Might 2019.

The proceeds of the Inserting Shares will be made use of to undertake investments further more to the Company’s investment method. 

Head Cooks

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]