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

 

Dish of the working day

Unconditional Dealings start in Calisen () major mkt top quality., boosting £300m. Mkt cap £1.32bn.

Off the menu

No Leavers Right now

 

 

What’s cooking in the IPO kitchen?

Goal

Intention to float by Gemfields Group. No Cash Elevate. At present stated on JSE. (JMB:GML) at circa £122m.  The Group’s crucial manufacturing property, the Kagem emerald mine in Zambia  (believed to be the world’s solitary most significant manufacturing emerald mine) and the Montepuez ruby mine in Mozambique (a person of the most significant not long ago learned ruby deposits in the entire world), are the two envisioned to have extended mine-lives with likely for growth. Also owns the  Faberge model. Owing Valentines Working day 2020.

Key Industry (Regular Listing)

The  has introduced its intention to listing on the Regular Industry.  The Blockchain dependent enterprise, owns patents to a protocol which facilitates dispute resolution dependent upon smart agreement disputes.  Transaction details TBC. 

Key Industry (Premium)

DRI Healthcare—investment business centered on investments in healthcare Royalty Assets  wanting to increase $350m. Owing 11 Mar.

Ninety A single –proposed demerger and community listing of  Investec’s  worldwide asset administration enterprise on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of present shares. Envisioned totally free float of >60{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654}. Owing 16 march.

Cabot Square—Closed ended expenditure fund focussed on substitute property and asset supervisor. Seeking to increase £200m.  Will focus on expenditure alternatives that are envisioned to generate an interesting risk adjusted return and that can also make a good ESG effect by concentrating on some of the greatest difficulties dealing with societies and economies.  Owing 14 Feb.

The World wide Sustainable Farmland Cash flow Trust will spend in a diversified portfolio of operational farmland property situated in major agricultural marketplaces like the United States, Europe, New Zealand, Australia and specified nations in Latin and South America. Raising up to $300m.   Owing 28 February.

Financial investment firm  is trying to get to increase up to £200m at an situation cost of 100p for every share by means of an IPO.   The business aims to spend in a portfolio of quoted Japanese shares with industry capitalisations of up to $1bn.   First working day of dealings envisioned early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The foremost worldwide immunodiagnostics group, right now announces its 50 {744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} year success for the six months ended thirty November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Services agreement signed with a massive pharmaceutical group

In late stage talks on several likely provider contracts.

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

Overall administrative charges were £5.11m (H1 2018: £2.63m) of which c.£1.3m relates to reshaping the enterprise (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to enhanced staff costs) a even further £0.7m relates to the IPF credit facility and enhanced patent costs as the Protagen patent estate was built-in.

 The implementation of an ongoing charge reduction programme submit the time period has shipped once-a-year charge cost savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix envisioned to contribute even further once-a-year charge cost savings of c.£2.2m.

 R&D costs were £1.01m.

Fox Marble () 2.25p £5.9m

 The  company centered on marble quarrying and processing in Kosovo and the Balkans area 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 regional architect and building company dependent in Kosovo, and the merchandise are destined for use in building assignments in Kosovo. The material chosen for these objects 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 arrangement has no least get benefit, but pricing is dependent on a least quantity of 2,000 sq. metres, which the Enterprise expects to source above the class of this financial year.

 

Frontier IP Group () 65p £32.9m

 Frontier IP, a expert in commercialising intellectual house, has lifted its equity stake in portfolio business Celerum Constrained from 10 for every cent to 33.8 for every cent. The increase is in return for an expenditure of £25,000, converting a preceding bank loan of £21,818 into equity, and for delivering £50,000 value of extra strategic, enterprise and palms-on software program growth solutions. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is creating novel artificial intelligence to aid corporations boost the operational performance of logistics and source chains. It also has the likely to  tackle a host of other complicated scientific, engineering and industrial difficulties. Frontier IP is stepping up its aid for the Enterprise in response to enhanced marketplace curiosity.

 

Scapa Group () 193.5p £300m

Update on current buying and selling forward of its financial year-finish on 31 March 2020.

Revenue c.£306m, broadly in line with industry expectations. Nonetheless, buying and selling revenue is now envisioned to be around £28m, substantially under consensus. Healthcare earnings is approximated to be around £139m, somewhat forward of industry expectations and greater than very last year inspite of the loss of the ConvaTec agreement. Health care buying and selling revenue is envisioned to be reduce than consensus, reflecting slower development in minimizing costs than envisioned at the time of the interim success. Industrial earnings is envisioned to be around £168m, which is somewhat under industry expectations but has a material effect on Group buying and selling revenue, generally the consequence of adverse macroeconomic circumstances. Scapa is centered on arduous execution of the strategy as it continues to increase performance and change its pipeline of alternatives to boost product sales and margin general performance. Expects the macro atmosphere to continue being tough in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, intellectual house aid solutions and localization vendors. “The financial year ended thirty September 2019 was an fantastic year for RWS, with all 3 divisions delivering file success, enabling the Group to maintain its unparalleled file of 16 many years of unbroken advancement in revenues, revenue and dividends considering that flotation in 2003. This accomplishment was recognized when RWS was named Enterprise of the Yr at the 2019 Goal Awards.”

Present-day buying and selling and outlook

“We have continued to develop on our momentum in the first number of months of the 2020 financial year, with numerous fantastic new agreement wins, specifically in our IP Providers division, leaving us on class to deliver total year success in line with the Board’s fundamental expectations, notwithstanding the new forex headwinds.”

 

 SolGold () eighteen.25p £351m

Update on exploration at its one hundred{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} owned Timbara Undertaking in Southern Ecuador. The challenge is held in SolGold’s one hundred{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} owned subsidiary Inexperienced Rock Means S.A.

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

Mineralisation mapped above a 600m strike length demonstrates strong gold grades and remains open up in the two directions at Timbara 2. Mineralisation occurs in an 18m vast northwest trending silicified zone, hosting polymetallic quartz veins. Rock saw channel sampling confirms the prospectivity of the Timbara 2 zone, with original rock saw channel samples returning:

7.7m @ 6.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 the two ends.

 Field teams are continuing with clearing to make extra outcrop exposures for even further mapping and sampling.

() 10.5p £4.5m

Outcomes of two many years of impartial baseline environmental data assortment and monitoring at the Empire Mine, Idaho United states.  The success of the monitoring will be made use of specifically for environmental permitting and the continued growth of the System of Functions for all upcoming mining action, like Red Star and the Empire open up-pit copper oxide deposit.

No significant habitat for threatened or endangered plant or wildlife was identified in the challenge region.

Area and groundwater studies show no impacts from legacy mining functions. No significant cultural or archaeological artefacts identified in the challenge region

No Sage Grouse or Sage Grouse leks (breeding web sites) were identified at or near the challenge region.

The total Plant and Wildlife studies, archaeological studies, and hydrological studies can be viewed on the Firm’s web page at www.phoenixcopperlimit­ed.com/reports in the identify of Konnex Means Inc, the subsidiary regional functioning business of the Company 

7digital () .5p £11.3m

 The worldwide chief in B2B finish-to-finish electronic new music remedies, is pleased to announce that its new music platform-as-a-provider will electrical power jazzed, the world’s first dedicated audio-visual streaming provider for jazz and jazz-influenced new music.

jazzed is a multi-tier jazz streaming membership provider which has been made by ETA Productions Ltd, a expert in generating new electronic media platforms for entertainment marketplaces. Released right now, it features a extremely curated new music, movie and editorial expertise for the jazz admirer, showcasing above 5m tracks and special unique channels. Underneath the phrases of the original 12 month agreement, which includes set-up, monthly and usage-dependent written content costs, jazzed will use 7digital’s API and platform access, playlist tools, reporting solutions and catalogue administration. This will allow for jazzed end users to stream new music from 7digital’s substantial catalogue of jazz tracks. jazzed features an advert-funded freemium version showcasing 10 hand-curated audio channels and a assortment of movie written content, and a £5.99 monthly membership-dependent tier with above forty channels and distinctive movie written content.  

 

88 Electricity () one.175p £83.5m

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

Highlights

·    Ice street now >80{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} finish

Permit to Drill accepted for Charlie-one appraisal well

·    Spud on keep track of for late February

  () 3.85p £10.3m

 $one.9m placing at $10. While this does depict a 237{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} top quality to the closing mid-industry cost on 11 February 2020, it represents a one.one{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} top quality to the very last audited NAV for every share of $nine.89 as at 31 Could 2019.

The proceeds of the Inserting Shares will be made use of to undertake investments even further to the Firm’s expenditure strategy. 

 

Head Cooks

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]