31/05/2020

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

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

 Frontier IP, a professional in commercialising intellectual property, has elevated its fairness stake in portfolio corporation Celerum Confined from ten for every cent to 33.eight for every cent.

 

Dish of the day

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

Off the menu

No Leavers Today

 

 

What is cooking in the IPO kitchen area?

Purpose

Intention to float by Gemfields Team. No Money Raise. At present shown on JSE. (JMB:GML) at circa £122m.  The Group’s key developing assets, the Kagem emerald mine in Zambia  (thought to be the world’s solitary major developing emerald mine) and the Montepuez ruby mine in Mozambique (a single of the most significant a short while ago identified ruby deposits in the environment), are the two expected to have extended mine-life with potential for enlargement. Also owns the  Faberge model. Owing Valentines Working day 2020.

Major Sector (Typical Listing)

The  has declared its intention to list on the Typical Sector.  The Blockchain primarily based enterprise, owns patents to a protocol which facilitates dispute resolution primarily based on sensible contract disputes.  Transaction particulars TBC. 

Major Sector (High quality)

DRI Healthcare—investment corporation focused on investments in healthcare Royalty Assets  wanting to raise $350m. Owing eleven Mar.

Ninety 1 –proposed demerger and community listing of  Investec’s  world asset management enterprise on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of current shares. Predicted no cost float of >60%. Owing sixteen march.

Cabot Square—Closed finished expense fund focussed on alternate assets and asset manager. Searching to raise £200m.  Will goal expense options that are expected to deliver an attractive hazard modified return and that can also make a constructive ESG impact by focusing on some of the largest issues experiencing societies and economies.  Owing fourteen Feb.

The World-wide Sustainable Farmland Earnings Trust will devote in a diversified portfolio of operational farmland assets situated in key agricultural markets including the United States, Europe, New Zealand, Australia and sure international locations inside Latin and South The us. Elevating up to $300m.   Owing 28 February.

Financial investment firm  is in search of to raise up to £200m at an difficulty selling price of 100p for every share by using an IPO.   The corporation aims to devote in a portfolio of quoted Japanese shares with industry capitalisations of up to $1bn.   First day of dealings expected early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The leading world immunodiagnostics team, right now announces its half year success for the 6 months finished thirty November 2019.

Biodesix to start EarlyCDT Lung in US by early March 2020

Service contract signed with a large pharmaceutical team

In late stage talks on various potential service contracts.

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

Total administrative fees have been £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 improved workers prices) a even further £0.7m relates to the IPF credit score facility and improved patent prices as the Protagen patent estate was integrated.

 The implementation of an ongoing expense reduction programme post the interval has delivered once-a-year expense cost savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix expected to add even further once-a-year expense cost savings of c.£2.2m.

 R&D prices have been £1.01m.

Fox Marble () 2.25p £5.9m

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

 

EBA Sh.p.K is a regional architect and building firm primarily based in Kosovo, and the products and solutions are destined for use in building projects inside Kosovo. The content picked for these products 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 arrangement has no bare minimum order benefit, but pricing is primarily based on a bare minimum volume of two,000 square metres, which the Corporation expects to source in excess of the course of this monetary year.

 

Frontier IP Team () 65p £32.9m

 Frontier IP, a professional in commercialising intellectual property, has elevated its fairness stake in portfolio corporation Celerum Confined from ten for every cent to 33.eight for every cent. The maximize is in return for an expense of £25,000, changing a preceding financial loan of £21,818 into fairness, and for furnishing £50,000 worthy of of further strategic, enterprise and fingers-on application growth products and services. 

Celerum, a spin out from Robert Gordon College (“RGU”), Aberdeen, is establishing novel artificial intelligence to assistance organizations boost the operational efficiency of logistics and source chains. It also has the potential to  deal with a host of other advanced scientific, engineering and industrial issues. Frontier IP is stepping up its help for the Corporation in response to improved market interest.

 

Scapa Team () 193.5p £300m

Update on existing trading in advance of its monetary year-finish on 31 March 2020.

Revenue c.£306m, broadly in line with industry expectations. On the other hand, trading revenue is now expected to be somewhere around £28m, drastically under consensus. Healthcare income is approximated to be somewhere around £139m, somewhat in advance of industry expectations and increased than past year despite the loss of the ConvaTec contract. Health care trading revenue is expected to be reduce than consensus, reflecting slower progress in lessening prices than expected at the time of the interim success. Industrial income is expected to be somewhere around £168m, which is somewhat under industry expectations but has a content impact on Team trading revenue, generally the final result of adverse macroeconomic circumstances. Scapa is focused on arduous execution of the strategy as it carries on to maximize efficiency and convert its pipeline of options to boost product sales and margin effectiveness. Expects the macro setting to stay hard in some of the industrial markets in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, intellectual property help products and services and localization vendors. “The monetary year finished thirty September 2019 was an superb year for RWS, with all three divisions delivering report success, enabling the Team to sustain its unparalleled report of sixteen decades of unbroken expansion in revenues, earnings and dividends since flotation in 2003. This achievement was recognized when RWS was named Corporation of the 12 months at the 2019 Purpose Awards.”

Latest trading and outlook

“We have continued to develop on our momentum in the first number of months of the 2020 monetary year, with various superb new contract wins, notably inside our IP Solutions division, leaving us on course to provide comprehensive year success in line with the Board’s underlying expectations, notwithstanding the modern currency headwinds.”

 

 SolGold () 18.25p £351m

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

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

Mineralisation mapped in excess of a 600m strike duration demonstrates potent gold grades and continues to be open up in the two instructions at Timbara two. Mineralisation takes place inside an 18m huge northwest trending silicified zone, web hosting polymetallic quartz veins. Rock observed channel sampling confirms the prospectivity of the Timbara two zone, with original rock observed channel samples returning:

seven.7m @ six.sixty three 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 up at the two finishes.

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

() ten.5p £4.5m

Success of two decades of unbiased baseline environmental info assortment and monitoring at the Empire Mine, Idaho United states.  The success of the monitoring will be applied directly for environmental permitting and the continued growth of the Approach of Operations for all upcoming mining exercise, including Crimson Star and the Empire open up-pit copper oxide deposit.

No vital habitat for threatened or endangered plant or wildlife was determined inside the project space.

Surface and groundwater studies reveal no impacts from legacy mining functions. No significant cultural or archaeological artefacts determined in the project space

No Sage Grouse or Sage Grouse leks (breeding web sites) have been determined at or around the project space.

The comprehensive Plant and Wildlife studies, archaeological studies, and hydrological studies can be seen on the Firm’s site at www.phoenixcopperlimit­ed.com/reports in the identify of Konnex Means Inc, the subsidiary regional functioning corporation of the Company 

7digital () .5p £11.3m

 The world chief in B2B finish-to-finish electronic songs solutions, is pleased to announce that its songs system-as-a-service will electric power jazzed, the world’s first focused audio-visible streaming service for jazz and jazz-influenced songs.

jazzed is a multi-tier jazz streaming subscription service which has been produced by ETA Productions Ltd, a professional in generating new electronic media platforms for enjoyment markets. Released right now, it presents a extremely curated songs, movie and editorial encounter for the jazz supporter, featuring in excess of 5m tracks and unique individual channels. Underneath the conditions of the original 12 thirty day period contract, which includes established-up, month-to-month and usage-primarily based content material costs, jazzed will use 7digital’s API and system obtain, playlist instruments, reporting products and services and catalogue management. This will permit jazzed consumers to stream songs from 7digital’s considerable catalogue of jazz tracks. jazzed presents an ad-funded freemium edition featuring ten hand-curated audio channels and a variety of movie content material, and a £5.99 month-to-month subscription-primarily based tier with in excess of forty channels and exceptional movie content material.  

 

88 Vitality () one.175p £83.5m

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

Highlights

·    Ice road now >80% finish

Allow to Drill accredited for Charlie-one appraisal effectively

·    Spud on monitor for late February

  () three.85p £10.3m

 $one.9m inserting at $ten. Whilst this does signify a 237% quality to the closing mid-industry selling price on eleven February 2020, it represents a one.one% quality to the past audited NAV for every share of $nine.89 as at 31 Could 2019.

The proceeds of the Putting Shares will be applied to undertake investments even further to the Firm’s expense strategy. 

 

Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]