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

Frontier IP Team (LON:FIPP) 65p £32.9m  Frontier IP, a expert in commercialising intellectual residence, has raised

Frontier IP Team (LON:FIPP) 65p £32.9m

 Frontier IP, a expert in commercialising intellectual residence, has raised its equity stake in portfolio business Celerum Constrained from ten per cent to 33.8 per cent.


Dish of the day

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

Off the menu

No Leavers Today



What’s cooking in the IPO kitchen area?


Intention to float by Gemfields Team. No Cash Increase. At the moment listed on JSE. (JMB:GML) at circa £122m.  The Group’s vital manufacturing belongings, the Kagem emerald mine in Zambia  (considered to be the world’s one premier manufacturing emerald mine) and the Montepuez ruby mine in Mozambique (1 of the most significant just lately found out ruby deposits in the entire world), are each anticipated to have extended mine-lives with opportunity for enlargement. Also owns the  Faberge brand name. Because of Valentines Day 2020.

Most important Industry (Typical List)

The  has declared its intention to record on the Typical Industry.  The Blockchain based mostly company, owns patents to a protocol which facilitates dispute resolution based mostly on wise deal disputes.  Transaction facts TBC. 

Most important Industry (Top quality)

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

Ninety A single –proposed demerger and general public listing of  Investec’s  worldwide asset management company on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of current shares. Expected cost-free float of >60%. Because of 16 march.

Cabot Square—Closed ended financial commitment fund focussed on choice belongings and asset supervisor. Seeking to elevate £200m.  Will concentrate on financial commitment possibilities that are anticipated to make an attractive threat altered return and that can also make a good ESG impression by focusing on some of the most important worries struggling with societies and economies.  Because of 14 Feb.

The Global Sustainable Farmland Earnings Trust will commit in a diversified portfolio of operational farmland belongings positioned in main agricultural markets such as the United States, Europe, New Zealand, Australia and selected international locations in Latin and South The us. Boosting up to $300m.   Because of 28 February.

Expense firm  is searching for to elevate up to £200m at an concern cost of 100p per share through an IPO.   The business aims to commit in a portfolio of quoted Japanese stocks with current market capitalisations of up to $1bn.   Very first day of dealings anticipated early February.

NEX Exchange

Banquet Buffet

Holdings  () 31.5p £19.9m

 The top worldwide immunodiagnostics group, currently announces its half calendar year outcomes for the six months ended 30 November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Services deal signed with a large pharmaceutical group

In late phase talks on multiple opportunity services contracts.

Income for the period was £0.31m. Money £7.5m

Whole administrative expenses had been £5.11m (H1 2018: £2.63m) of which c.£1.3m relates to reshaping the company (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to greater employees costs) a even more £0.7m relates to the IPF credit rating facility and greater patent costs as the Protagen patent estate was integrated.

 The implementation of an ongoing price tag reduction programme publish the period has shipped annual price tag personal savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix anticipated to add even more annual price tag personal savings of c.£2.2m.

 R&D costs had 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 settlement with EBA Sh.p.K with the intention to give processed marble in the kind of tiles, stair treads and window lintels. 


EBA Sh.p.K is a local architect and development organization based mostly in Kosovo, and the items are destined for use in development projects in 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 current blocks of Illirico Bianco, Flora and Alexandrian White. The settlement has no minimum amount purchase value, but pricing is based mostly on a minimum amount quantity of two,000 sq. metres, which the Corporation expects to offer over the course of this financial calendar year.


Frontier IP Team () 65p £32.9m

 Frontier IP, a expert in commercialising intellectual residence, has raised its equity stake in portfolio business Celerum Constrained from ten per cent to 33.8 per cent. The enhance is in return for an financial commitment of £25,000, converting a past personal loan of £21,818 into equity, and for offering £50,000 really worth of further strategic, company and palms-on computer software advancement expert services. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is establishing novel artificial intelligence to help businesses increase the operational efficiency of logistics and offer chains. It also has the opportunity to  deal with a host of other sophisticated scientific, engineering and industrial worries. Frontier IP is stepping up its assist for the Corporation in response to greater market interest.


Scapa Team () 193.5p £300m

Update on latest investing forward of its financial calendar year-close on 31 March 2020.

Income c.£306m, broadly in line with current market expectations. Nevertheless, investing earnings is now anticipated to be close to £28m, drastically down below consensus. Healthcare earnings is estimated to be close to £139m, a little forward of current market expectations and increased than very last calendar year even with the reduction of the ConvaTec deal. Health care investing earnings is anticipated to be lessen than consensus, reflecting slower progress in decreasing costs than anticipated at the time of the interim outcomes. Industrial earnings is anticipated to be close to £168m, which is a little down below current market expectations but has a materials impression on Team investing earnings, primarily the result of adverse macroeconomic ailments. Scapa is centered on rigorous execution of the technique as it continues to enhance efficiency and convert its pipeline of possibilities to increase income and margin efficiency. Expects the macro natural environment to keep on being complicated in some of the industrial markets in which it operates.

() 601.5p £1.65bnm

AGM Assertion from the language, intellectual residence assist expert services and localization vendors. “The financial calendar year ended 30 September 2019 was an excellent calendar year for RWS, with all 3 divisions delivering record outcomes, enabling the Team to maintain its unparalleled record of 16 yrs of unbroken advancement in revenues, profits and dividends given that flotation in 2003. This achievement was recognized when RWS was named Corporation of the Calendar year at the 2019 Purpose Awards.”

Present investing and outlook

“We have ongoing to make on our momentum in the initially few months of the 2020 financial calendar year, with a number of excellent new deal wins, notably in our IP Solutions division, leaving us on course to produce entire calendar year outcomes in line with the Board’s fundamental expectations, notwithstanding the recent currency headwinds.”


 SolGold () eighteen.25p £351m

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

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

Mineralisation mapped over a 600m strike length demonstrates strong gold grades and continues to be open up in each instructions at Timbara two. Mineralisation occurs in an 18m huge northwest trending silicified zone, hosting polymetallic quartz veins. Rock noticed channel sampling confirms the prospectivity of the Timbara two zone, with preliminary rock noticed channel samples returning:

seven.7m @ 6.sixty three g/t Au (northern stream outcrops) -2m @ 5.16 g/ t Au (southern stream outcrops)

The mineralisation at the southern stream outcrop continues to be open up at each ends.

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

() ten.5p £4.5m

Success of two yrs of independent baseline environmental facts selection and monitoring at the Empire Mine, Idaho United states.  The outcomes of the monitoring will be used instantly for environmental permitting and the ongoing advancement of the Prepare of Operations for all upcoming mining activity, such as Pink Star and the Empire open up-pit copper oxide deposit.

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

Surface area and groundwater research point out no impacts from legacy mining functions. No significant cultural or archaeological artefacts identified in the task region

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

The entire Plant and Wildlife reports, archaeological reports, and hydrological reports can be viewed on the Firm’s internet site at www.phoenixcopperlimit­ in the name of Konnex Assets Inc, the subsidiary local working business of the Company 

7digital () .5p £11.3m

 The worldwide chief in B2B close-to-close electronic audio options, is happy to announce that its audio platform-as-a-services will ability jazzed, the world’s initially focused audio-visual streaming services for jazz and jazz-affected audio.

jazzed is a multi-tier jazz streaming membership services which has been produced by ETA Productions Ltd, a expert in producing new electronic media platforms for entertainment markets. Introduced currently, it gives a remarkably curated audio, video clip and editorial knowledge for the jazz fan, featuring over 5m tracks and unique specific channels. Below the phrases of the preliminary twelve month deal, which contains established-up, month-to-month and usage-based mostly content material charges, jazzed will use 7digital’s API and platform obtain, playlist tools, reporting expert services and catalogue management. This will allow jazzed consumers to stream audio from 7digital’s comprehensive catalogue of jazz tracks. jazzed gives an ad-funded freemium version featuring ten hand-curated audio channels and a choice of video clip content material, and a £5.ninety nine month-to-month membership-based mostly tier with over forty channels and exclusive video clip content material.  


88 Energy () one.175p £83.5m

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


·    Ice highway now >80% entire

Allow to Drill accepted for Charlie-one appraisal well

·    Spud on keep track of for late February

  () 3.85p £10.3m

 $one.9m placing at $ten. Although this does depict a 237% quality to the closing mid-current market cost on 11 February 2020, it signifies a quality to the very last audited NAV per share of $nine.89 as at 31 May possibly 2019.

The proceeds of the Positioning Shares will be used to undertake investments even more to the Firm’s financial commitment technique. 


Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]