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

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

 Frontier IP, a professional in commercialising mental property, has elevated its fairness stake in portfolio company Celerum Confined from 10 for each cent to 33.8 for each cent.


Dish of the day

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

Off the menu

No Leavers Now



What is cooking in the IPO kitchen?


Intention to float by Gemfields Group. No Money Raise. At the moment shown on JSE. (JMB:GML) at circa £122m.  The Group’s important generating property, the Kagem emerald mine in Zambia  (considered to be the world’s solitary greatest generating emerald mine) and the Montepuez ruby mine in Mozambique (one particular of the most significant lately uncovered ruby deposits in the earth), are both equally anticipated to have extended mine-lives with potential for expansion. Also owns the  Faberge brand name. Because of Valentines Day 2020.

Key Industry (Common Checklist)

The  has announced its intention to listing on the Common Industry.  The Blockchain dependent business, owns patents to a protocol which facilitates dispute resolution dependent on smart deal disputes.  Transaction information TBC. 

Key Industry (Top quality)

DRI Healthcare—investment company concentrated on investments in healthcare Royalty Assets  looking to raise $350m. Because of eleven Mar.

Ninety One particular –proposed demerger and community listing of  Investec’s  world-wide asset management business on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of present shares. Envisioned no cost float of >60%. Because of 16 march.

Cabot Square—Closed ended expenditure fund focussed on different property and asset supervisor. Searching to raise £200m.  Will focus on expenditure prospects that are anticipated to deliver an appealing hazard modified return and that can also make a good ESG influence by concentrating on some of the most important issues struggling with societies and economies.  Because of fourteen Feb.

The World Sustainable Farmland Money Trust will devote in a diversified portfolio of operational farmland property found in key agricultural markets which include the United States, Europe, New Zealand, Australia and certain nations around the world inside of Latin and South The usa. Raising up to $300m.   Because of 28 February.

Financial investment firm  is searching for to raise up to £200m at an issue cost of 100p for each share by means of an IPO.   The company aims to devote in a portfolio of quoted Japanese stocks with sector capitalisations of up to $1bn.   Initial day of dealings anticipated early February.

NEX Exchange

Banquet Buffet

Holdings  () 31.5p £19.9m

 The foremost world-wide immunodiagnostics team, now announces its fifty percent calendar year final results for the 6 months ended thirty November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Assistance deal signed with a massive pharmaceutical team

In late phase talks on various potential service contracts.

Profits for the time period was £0.31m. Funds £7.5m

Complete administrative charges have been £5.11m (H1 2018: £2.63m) of which c.£1.3m relates to reshaping the business (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to increased staff members costs) a even further £0.7m relates to the IPF credit facility and increased patent costs as the Protagen patent estate was integrated.

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

 R&D costs have been £1.01m.

Fox Marble () 2.25p £5.9m

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


EBA Sh.p.K is a neighborhood architect and development business dependent in Kosovo, and the items are destined for use in development assignments inside of Kosovo. The product chosen for these products is Flora, Alexandrian White and Illirico Bianco. 


The stone will be processed at Fox Marble’s Lipjan manufacturing unit, from present blocks of Illirico Bianco, Flora and Alexandrian White. The agreement has no minimum amount get value, but pricing is dependent on a minimum amount quantity of 2,000 square metres, which the Firm expects to supply more than the program of this economic calendar year.


Frontier IP Group () 65p £32.9m

 Frontier IP, a professional in commercialising mental property, has elevated its fairness stake in portfolio company Celerum Confined from 10 for each cent to 33.8 for each cent. The boost is in return for an expenditure of £25,000, converting a former mortgage of £21,818 into fairness, and for supplying £50,000 really worth of extra strategic, business and palms-on program enhancement services. 

Celerum, a spin out from Robert Gordon College (“RGU”), Aberdeen, is developing novel synthetic intelligence to support companies enhance the operational effectiveness of logistics and supply chains. It also has the potential to  tackle a host of other sophisticated scientific, engineering and industrial issues. Frontier IP is stepping up its help for the Firm in reaction to increased sector interest.


Scapa Group () 193.5p £300m

Update on latest investing in advance of its economic calendar year-stop on 31 March 2020.

Profits c.£306m, broadly in line with sector expectations. Having said that, investing financial gain is now anticipated to be around £28m, substantially down below consensus. Healthcare income is believed to be around £139m, slightly in advance of sector expectations and higher than previous calendar year even with the decline of the ConvaTec deal. Healthcare investing financial gain is anticipated to be reduced than consensus, reflecting slower development in cutting down costs than anticipated at the time of the interim final results. Industrial income is anticipated to be around £168m, which is slightly down below sector expectations but has a product influence on Group investing financial gain, generally the end result of adverse macroeconomic problems. Scapa is concentrated on rigorous execution of the approach as it carries on to boost effectiveness and change its pipeline of prospects to enhance income and margin performance. Expects the macro surroundings to keep on being tough in some of the industrial markets in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, mental property help services and localization suppliers. “The economic calendar year ended thirty September 2019 was an outstanding calendar year for RWS, with all three divisions providing document final results, enabling the Group to retain its unparalleled document of 16 yrs of unbroken development in revenues, gains and dividends given that flotation in 2003. This achievement was recognized when RWS was named Firm of the Yr at the 2019 Aim Awards.”

Current investing and outlook

“We have continued to construct on our momentum in the initially several months of the 2020 economic calendar year, with many outstanding new deal wins, especially inside of our IP Products and services division, leaving us on program to deliver comprehensive calendar year final results in line with the Board’s underlying expectations, notwithstanding the latest currency headwinds.”


 SolGold () eighteen.25p £351m

Update on exploration at its 100% owned Timbara Job in Southern Ecuador. The job is held in SolGold’s 100% owned subsidiary Inexperienced Rock Resources S.A.

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

Mineralisation mapped more than a 600m strike size demonstrates strong gold grades and continues to be open in both equally directions at Timbara 2. Mineralisation takes place inside of an 18m extensive northwest trending silicified zone, web hosting polymetallic quartz veins. Rock noticed channel sampling confirms the prospectivity of the Timbara 2 zone, with initial rock noticed 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 continues to be open at both equally ends.

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

() 10.5p £4.5m

Effects of two yrs of impartial baseline environmental information selection and monitoring at the Empire Mine, Idaho United states of america.  The final results of the monitoring will be applied specifically for environmental permitting and the continued enhancement of the Plan of Operations for all potential mining exercise, which include Crimson Star and the Empire open-pit copper oxide deposit.

No vital habitat for threatened or endangered plant or wildlife was identified inside of the job space.

Area and groundwater scientific studies reveal no impacts from legacy mining operations. No significant cultural or archaeological artefacts identified in the job space

No Sage Grouse or Sage Grouse leks (breeding web sites) have been identified at or near the job space.

The comprehensive Plant and Wildlife stories, archaeological stories, and hydrological stories can be viewed on the Firm’s website at www.phoenixcopperlimit­ in the name of Konnex Resources Inc, the subsidiary neighborhood running company of the Company 

7digital () .5p £11.3m

 The world-wide leader in B2B stop-to-stop digital music solutions, is delighted to announce that its music system-as-a-service will power jazzed, the world’s initially devoted audio-visual streaming service for jazz and jazz-affected music.

jazzed is a multi-tier jazz streaming membership service which has been made by ETA Productions Ltd, a professional in developing new digital media platforms for enjoyment markets. Introduced now, it offers a extremely curated music, movie and editorial knowledge for the jazz admirer, that includes more than 5m tracks and exceptional person channels. Less than the conditions of the initial twelve thirty day period deal, which incorporates set-up, month to month and usage-dependent information service fees, jazzed will use 7digital’s API and system access, playlist equipment, reporting services and catalogue management. This will enable jazzed customers to stream music from 7digital’s extensive catalogue of jazz tracks. jazzed offers an ad-funded freemium variation that includes 10 hand-curated audio channels and a assortment of movie information, and a £5.ninety nine month to month membership-dependent tier with more than forty channels and unique movie information.  


88 Strength () 1.175p £83.5m

Update relevant to operations for the approaching Charlie-1 appraisal nicely, on the North Slope of Alaska.


·    Ice street now >80% finish

Permit to Drill authorised for Charlie-1 appraisal nicely

·    Spud on track for late February

  () three.85p £10.3m

 $1.9m inserting at $10. Whilst this does depict a 237% quality to the closing mid-sector cost on eleven February 2020, it signifies a 1.1% quality to the previous audited NAV for each share of $nine.89 as at 31 May perhaps 2019.

The proceeds of the Positioning Shares will be applied to undertake investments even further to the Firm’s expenditure approach. 


Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]