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

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

 Frontier IP, a expert in commercialising mental residence, has raised its equity stake in portfolio business Celerum Limited from ten per cent to 33.eight per cent.


Dish of the day

Unconditional Dealings begin in Calisen () main mkt high quality., increasing £300m. Mkt cap £1.32bn.

Off the menu

No Leavers Nowadays



What is cooking in the IPO kitchen?


Intention to float by Gemfields Group. No Money Elevate. At the moment detailed on JSE. (JMB:GML) at circa £122m.  The Group’s vital developing property, the Kagem emerald mine in Zambia  (considered to be the world’s single major developing emerald mine) and the Montepuez ruby mine in Mozambique (1 of the most sizeable not too long ago uncovered ruby deposits in the world), are equally envisioned to have prolonged mine-lives with potential for enlargement. Also owns the  Faberge brand. Owing Valentines Day 2020.

Key Current market (Common Listing)

The  has introduced its intention to record on the Common Current market.  The Blockchain centered company, owns patents to a protocol which facilitates dispute resolution centered on sensible agreement disputes.  Transaction information TBC. 

Key Current market (High quality)

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

Ninety One particular –proposed demerger and community listing of  Investec’s  global asset management company on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of existing shares. Expected cost-free float of >60%. Owing 16 march.

Cabot Square—Closed finished expenditure fund focussed on different property and asset supervisor. Wanting to raise £200m.  Will goal expenditure prospects that are envisioned to produce an desirable danger modified return and that can also make a beneficial ESG impression by focusing on some of the most important challenges dealing with societies and economies.  Owing fourteen Feb.

The International Sustainable Farmland Profits Trust will make investments in a diversified portfolio of operational farmland property situated in key agricultural marketplaces which include the United States, Europe, New Zealand, Australia and certain nations in Latin and South America. Boosting up to $300m.   Owing 28 February.

Investment decision firm  is trying to find to raise up to £200m at an situation price tag of 100p per share by means of an IPO.   The business aims to make investments in a portfolio of quoted Japanese stocks with marketplace capitalisations of up to $1bn.   Very first day of dealings envisioned early February.

NEX Trade

Banquet Buffet

Holdings  () 31.5p £19.9m

 The major global immunodiagnostics group, now announces its 50 % yr effects for the 6 months finished thirty November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Assistance agreement signed with a large pharmaceutical group

In late stage talks on various potential services contracts.

Income for the period of time was £0.31m. Funds £7.5m

Total administrative expenditures 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 improved employees prices) a additional £0.7m relates to the IPF credit rating facility and improved patent prices as the Protagen patent estate was integrated.

 The implementation of an ongoing charge reduction programme put up the period of time has shipped yearly charge cost savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix envisioned to lead additional yearly charge cost savings of c.£2.2m.

 R&D prices had been £1.01m.

Fox Marble () 2.25p £5.9m

 The  company focused on marble quarrying and processing in Kosovo and the Balkans location announces that it has entered into an agreement with EBA Sh.p.K with the intention to present processed marble in the kind of tiles, stair treads and window lintels. 


EBA Sh.p.K is a nearby architect and construction company centered in Kosovo, and the solutions are destined for use in construction initiatives in Kosovo. The product selected for these objects 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 agreement has no minimum purchase value, but pricing is centered on a minimum quantity of 2,000 square metres, which the Enterprise expects to source in excess of the course of this economic yr.


Frontier IP Group () 65p £32.9m

 Frontier IP, a expert in commercialising mental residence, has raised its equity stake in portfolio business Celerum Limited from ten per cent to 33.eight per cent. The boost is in return for an expenditure of £25,000, changing a earlier personal loan of £21,818 into equity, and for providing £50,000 worthy of of added strategic, company and hands-on program progress expert services. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is building novel synthetic intelligence to assistance organizations increase the operational effectiveness of logistics and source chains. It also has the potential to  tackle a host of other sophisticated scientific, engineering and industrial challenges. Frontier IP is stepping up its assist for the Enterprise in reaction to improved sector fascination.


Scapa Group () 193.5p £300m

Update on present-day investing in advance of its economic yr-conclusion on 31 March 2020.

Income c.£306m, broadly in line with marketplace expectations. Nevertheless, investing earnings is now envisioned to be approximately £28m, appreciably below consensus. Healthcare revenue is approximated to be approximately £139m, marginally in advance of marketplace expectations and greater than previous yr inspite of the decline of the ConvaTec agreement. Health care investing earnings is envisioned to be reduced than consensus, reflecting slower progress in cutting down prices than envisioned at the time of the interim effects. Industrial revenue is envisioned to be approximately £168m, which is marginally below marketplace expectations but has a product impression on Group investing earnings, largely the end result of adverse macroeconomic circumstances. Scapa is focused on rigorous execution of the method as it proceeds to boost effectiveness and convert its pipeline of prospects to increase gross sales and margin functionality. Expects the macro atmosphere to keep on being tough in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Assertion from the language, mental residence assist expert services and localization companies. “The economic yr finished thirty September 2019 was an outstanding yr for RWS, with all three divisions providing file effects, enabling the Group to manage its unparalleled file of 16 several years of unbroken development in revenues, revenue and dividends since flotation in 2003. This accomplishment was recognized when RWS was named Enterprise of the Calendar year at the 2019 Goal Awards.”

Present investing and outlook

“We have ongoing to build on our momentum in the initially number of months of the 2020 economic yr, with numerous outstanding new agreement wins, specifically in our IP Companies division, leaving us on course to deliver total yr effects in line with the Board’s fundamental expectations, notwithstanding the recent currency headwinds.”


 SolGold () 18.25p £351m

Update on exploration at its 100% owned Timbara Job in Southern Ecuador. The challenge is held in SolGold’s 100% owned subsidiary Eco-friendly Rock Methods S.A.

Ø The Timbara challenge 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 powerful gold grades and remains open in equally directions at Timbara 2. Mineralisation takes place in an 18m vast northwest trending silicified zone, web hosting polymetallic quartz veins. Rock noticed channel sampling confirms the prospectivity of the Timbara 2 zone, with first rock noticed channel samples returning:

seven.7m @ 6.63 g/t Au (northern stream outcrops) -2m @ five.16 g/ t Au (southern stream outcrops)

The mineralisation at the southern stream outcrop remains open at equally ends.

 Field teams are continuing with clearing to generate added outcrop exposures for additional mapping and sampling.

() ten.5p £4.5m

Final results of two several years of impartial baseline environmental knowledge selection and monitoring at the Empire Mine, Idaho United states of america.  The effects of the monitoring will be utilized instantly for environmental permitting and the ongoing progress of the Prepare of Functions for all long run mining exercise, which include Purple Star and the Empire open-pit copper oxide deposit.

No critical habitat for threatened or endangered plant or wildlife was recognized in the challenge location.

Surface and groundwater studies indicate no impacts from legacy mining operations. No sizeable cultural or archaeological artefacts recognized in the challenge location

No Sage Grouse or Sage Grouse leks (breeding sites) had been recognized at or in the vicinity of the challenge location.

The total Plant and Wildlife studies, archaeological studies, and hydrological studies can be considered on the Company’s web-site at www.phoenixcopperlimit­ in the title of Konnex Methods Inc, the subsidiary nearby functioning business of the Company 

7digital () .5p £11.3m

 The global chief in B2B conclusion-to-conclusion digital new music alternatives, is pleased to announce that its new music system-as-a-services will electricity jazzed, the world’s initially committed audio-visual streaming services for jazz and jazz-affected new music.

jazzed is a multi-tier jazz streaming subscription services which has been developed by ETA Productions Ltd, a expert in creating new digital media platforms for enjoyment marketplaces. Launched now, it offers a really curated new music, online video and editorial expertise for the jazz enthusiast, featuring in excess of 5m tracks and exclusive particular person channels. Beneath the conditions of the first twelve thirty day period agreement, which contains set-up, every month and usage-centered articles fees, jazzed will use 7digital’s API and system obtain, playlist instruments, reporting expert services and catalogue management. This will permit jazzed end users to stream new music from 7digital’s extensive catalogue of jazz tracks. jazzed offers an advert-funded freemium variation featuring ten hand-curated audio channels and a selection of online video articles, and a £5.ninety nine every month subscription-centered tier with in excess of 40 channels and exceptional online video articles.  


88 Electrical power () 1.175p £83.5m

Update connected to operations for the forthcoming Charlie-1 appraisal well, on the North Slope of Alaska.


·    Ice street now >80% comprehensive

Allow to Drill approved for Charlie-1 appraisal well

·    Spud on monitor for late February

  () three.85p £10.3m

 $1.9m inserting at $ten. While this does symbolize a 237% high quality to the closing mid-marketplace price tag on eleven February 2020, it signifies a 1.1% high quality to the previous audited NAV per share of $9.89 as at 31 May well 2019.

The proceeds of the Putting Shares will be utilized to undertake investments additional to the Company’s expenditure method. 


Head Cooks

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]