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

Frontier IP Group (LON:FIPP) 65p £32.9m  Frontier IP, a specialist in commercialising mental residence, has raised

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

 Frontier IP, a specialist in commercialising mental residence, has raised its fairness stake in portfolio business Celerum Limited from ten for each cent to 33.8 for each cent.


Dish of the working day

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

Off the menu

No Leavers Today



What’s cooking in the IPO kitchen area?


Intention to float by Gemfields Group. No Money Increase. Now stated on JSE. (JMB:GML) at circa £122m.  The Group’s important generating property, the Kagem emerald mine in Zambia  (believed to be the world’s solitary greatest generating emerald mine) and the Montepuez ruby mine in Mozambique (one particular of the most major recently uncovered ruby deposits in the globe), are each predicted to have lengthy mine-lives with possible for growth. Also owns the  Faberge brand name. Owing Valentines Day 2020.

Key Market place (Common Record)

The  has announced its intention to list on the Common Market place.  The Blockchain based mostly business enterprise, owns patents to a protocol which facilitates dispute resolution based mostly on clever agreement disputes.  Transaction details TBC. 

Key Market place (High quality)

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

Ninety A single –proposed demerger and public listing of  Investec’s  global asset management business enterprise on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of existing shares. Expected cost-free float of >60%. Owing sixteen march.

Cabot Square—Closed finished expense fund focussed on choice property and asset manager. Hunting to raise £200m.  Will target expense possibilities that are predicted to generate an beautiful threat adjusted return and that can also make a positive ESG effects by focusing on some of the greatest difficulties facing societies and economies.  Owing 14 Feb.

The Global Sustainable Farmland Profits Trust will commit in a diversified portfolio of operational farmland property positioned in significant agricultural marketplaces together with the United States, Europe, New Zealand, Australia and specified nations within Latin and South The united states. Boosting up to $300m.   Owing 28 February.

Financial investment firm  is seeking to raise up to £200m at an situation value of 100p for each share via an IPO.   The business aims to commit in a portfolio of quoted Japanese stocks with industry capitalisations of up to $1bn.   Initial working day of dealings predicted early February.

NEX Exchange

Banquet Buffet

Holdings  () 31.5p £19.9m

 The main global immunodiagnostics team, these days announces its 50 percent 12 months success for the 6 months finished thirty November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Provider agreement signed with a significant pharmaceutical team

In late stage talks on numerous possible service contracts.

Earnings for the interval was £0.31m. Money £7.5m

Complete administrative expenditures have been £5.11m (H1 2018: £2.63m) of which c.£1.3m relates to reshaping the business enterprise (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to enhanced workers prices) a further £0.7m relates to the IPF credit score facility and enhanced patent prices as the Protagen patent estate was built-in.

 The implementation of an ongoing expense reduction programme publish the interval has sent yearly expense personal savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix predicted to lead further yearly expense personal savings of c.£2.2m.

 R&D prices have been £1.01m.

Fox Marble () 2.25p £5.9m

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


EBA Sh.p.K is a nearby architect and building business based mostly in Kosovo, and the products and solutions are destined for use in building assignments within Kosovo. The materials chosen for these items 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 arrangement has no minimum order price, but pricing is based mostly on a minimum volume of 2,000 square metres, which the Enterprise expects to source over the class of this economic 12 months.


Frontier IP Group () 65p £32.9m

 Frontier IP, a specialist in commercialising mental residence, has raised its fairness stake in portfolio business Celerum Limited from ten for each cent to 33.8 for each cent. The increase is in return for an expense of £25,000, converting a former personal loan of £21,818 into fairness, and for offering £50,000 truly worth of further strategic, business enterprise and arms-on program growth products and services. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is producing novel synthetic intelligence to assist enterprises make improvements to the operational effectiveness of logistics and source chains. It also has the possible to  tackle a host of other advanced scientific, engineering and industrial difficulties. Frontier IP is stepping up its aid for the Enterprise in response to enhanced business fascination.


Scapa Group () 193.5p £300m

Update on latest trading ahead of its economic 12 months-stop on 31 March 2020.

Earnings c.£306m, broadly in line with industry expectations. Having said that, trading gain is now predicted to be close to £28m, noticeably under consensus. Healthcare earnings is approximated to be close to £139m, a bit ahead of industry expectations and increased than past 12 months in spite of the loss of the ConvaTec agreement. Healthcare trading gain is predicted to be lower than consensus, reflecting slower development in cutting down prices than predicted at the time of the interim success. Industrial earnings is predicted to be close to £168m, which is a bit under industry expectations but has a materials effects on Group trading gain, primarily the final result of adverse macroeconomic conditions. Scapa is centered on demanding execution of the method as it carries on to increase effectiveness and transform its pipeline of possibilities to make improvements to gross sales and margin efficiency. Expects the macro setting to continue being difficult in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Statement from the language, mental residence aid products and services and localization vendors. “The economic 12 months finished thirty September 2019 was an great 12 months for RWS, with all three divisions providing file success, enabling the Group to preserve its unparalleled file of sixteen several years of unbroken expansion in revenues, earnings and dividends since flotation in 2003. This accomplishment was recognized when RWS was named Enterprise of the 12 months at the 2019 Purpose Awards.”

Latest trading and outlook

“We have ongoing to establish on our momentum in the initial number of months of the 2020 economic 12 months, with numerous great new agreement wins, significantly within our IP Products and services division, leaving us on class to deliver comprehensive 12 months success in line with the Board’s fundamental expectations, notwithstanding the the latest currency headwinds.”


 SolGold () eighteen.25p £351m

Update on exploration at its 100% owned Timbara Challenge in Southern Ecuador. The challenge is held in SolGold’s 100% owned subsidiary Environmentally friendly Rock Resources S.A.

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

Mineralisation mapped over a 600m strike duration demonstrates powerful gold grades and continues to be open up in each directions at Timbara 2. Mineralisation happens within an 18m broad northwest trending silicified zone, web hosting polymetallic quartz veins. Rock saw channel sampling confirms the prospectivity of the Timbara 2 zone, with preliminary rock saw channel samples returning:

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

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

 Field groups are continuing with clearing to build further outcrop exposures for further mapping and sampling.

() ten.5p £4.5m

Success of two several years of unbiased baseline environmental facts assortment and monitoring at the Empire Mine, Idaho United states of america.  The success of the monitoring will be employed straight for environmental permitting and the ongoing growth of the Plan of Operations for all long run mining exercise, together with Purple Star and the Empire open up-pit copper oxide deposit.

No vital habitat for threatened or endangered plant or wildlife was recognized within the challenge location.

Area and groundwater reports reveal no impacts from legacy mining functions. No major cultural or archaeological artefacts recognized in the challenge location

No Sage Grouse or Sage Grouse leks (breeding internet sites) have been recognized at or near the challenge location.

The comprehensive Plant and Wildlife experiences, archaeological experiences, and hydrological experiences can be viewed on the Firm’s site at www.phoenixcopperlimit­ in the identify of Konnex Resources Inc, the subsidiary nearby operating business of the Company 

7digital () .5p £11.3m

 The global chief in B2B stop-to-stop electronic music solutions, is pleased to announce that its music platform-as-a-service will power jazzed, the world’s initial devoted audio-visual streaming service for jazz and jazz-influenced music.

jazzed is a multi-tier jazz streaming subscription service which has been developed by ETA Productions Ltd, a specialist in building new electronic media platforms for leisure marketplaces. Introduced these days, it offers a extremely curated music, movie and editorial knowledge for the jazz lover, featuring over 5m tracks and exclusive individual channels. Beneath the terms of the preliminary 12 month agreement, which features set-up, every month and usage-based mostly material charges, jazzed will use 7digital’s API and platform accessibility, playlist instruments, reporting products and services and catalogue management. This will allow for jazzed consumers to stream music from 7digital’s considerable catalogue of jazz tracks. jazzed offers an advertisement-funded freemium variation featuring ten hand-curated audio channels and a range of movie material, and a £5.99 every month subscription-based mostly tier with over 40 channels and special movie material.  


88 Electrical power () 1.175p £83.5m

Update connected to functions for the future Charlie-1 appraisal properly, on the North Slope of Alaska.


·    Ice road now >80% complete

Permit to Drill permitted for Charlie-1 appraisal properly

·    Spud on keep track of for late February

  () three.85p £10.3m

 $1.9m placing at $ten. Whilst this does depict a 237% high quality to the closing mid-industry value on 11 February 2020, it represents a 1.1% high quality to the past audited NAV for each share of $9.89 as at 31 Could 2019.

The proceeds of the Inserting Shares will be employed to undertake investments further to the Firm’s expense method. 


Head Chefs

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]