May 21, 2024


Built Business Tough

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

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

 Frontier IP, a specialist in commercialising intellectual home, has raised its equity stake in portfolio enterprise Celerum Minimal from 10 per cent to 33.8 per cent.


Dish of the working day

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

Off the menu

No Leavers Currently



What is cooking in the IPO kitchen area?


Intention to float by Gemfields Team. No Cash Raise. Presently shown on JSE. (JMB:GML) at circa £122m.  The Group’s essential producing assets, the Kagem emerald mine in Zambia  (considered to be the world’s solitary major producing emerald mine) and the Montepuez ruby mine in Mozambique (a single of the most considerable just lately learned ruby deposits in the earth), are the two envisioned to have long mine-lives with opportunity for growth. Also owns the  Faberge manufacturer. Because of Valentines Working day 2020.

Principal Sector (Regular List)

The  has introduced its intention to listing on the Regular Sector.  The Blockchain based mostly organization, owns patents to a protocol which facilitates dispute resolution based mostly upon clever deal disputes.  Transaction facts TBC. 

Principal Sector (Top quality)

DRI Healthcare—investment enterprise targeted on investments in healthcare Royalty Assets  on the lookout to increase $350m. Because of eleven Mar.

Ninety A single –proposed demerger and public listing of  Investec’s  international asset administration organization on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of current shares. Expected absolutely free float of >60%. Because of sixteen march.

Cabot Square—Closed finished investment decision fund focussed on substitute assets and asset manager. Looking to increase £200m.  Will goal investment decision possibilities that are envisioned to generate an desirable hazard altered return and that can also make a good ESG affect by concentrating on some of the biggest problems going through societies and economies.  Because of fourteen Feb.

The World wide Sustainable Farmland Cash flow Trust will devote in a diversified portfolio of operational farmland assets located in main agricultural marketplaces including the United States, Europe, New Zealand, Australia and particular nations inside Latin and South The us. Increasing up to $300m.   Because of 28 February.

Expenditure firm  is seeking to increase up to £200m at an concern value of 100p per share via an IPO.   The enterprise aims to devote in a portfolio of quoted Japanese shares with current market capitalisations of up to $1bn.   To start with working day of dealings envisioned early February.

NEX Exchange

Banquet Buffet

Holdings  () 31.5p £19.9m

 The leading international immunodiagnostics group, now announces its fifty percent year results for the 6 months finished 30 November 2019.

Biodesix to launch EarlyCDT Lung in US by early March 2020

Provider deal signed with a big pharmaceutical group

In late phase talks on many opportunity company contracts.

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

Total administrative fees have been £5.11m (H1 2018: £2.63m) of which c.£1.3m relates to reshaping the organization (£0.7m relate to the Biodesix and Protagen Diagnostics transactions and £0.6m relates to increased team fees) a further more £0.7m relates to the IPF credit facility and increased patent fees as the Protagen patent estate was integrated.

 The implementation of an ongoing charge reduction programme submit the period of time has sent once-a-year charge discounts of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix envisioned to lead further more once-a-year charge discounts of c.£2.2m.

 R&D fees have been £1.01m.

Fox Marble () 2.25p £5.9m

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


EBA Sh.p.K is a regional architect and development agency based mostly in Kosovo, and the merchandise are destined for use in development assignments inside Kosovo. The material selected for these goods is Flora, Alexandrian White and Illirico Bianco. 


The stone will be processed at Fox Marble’s Lipjan manufacturing facility, from current blocks of Illirico Bianco, Flora and Alexandrian White. The arrangement has no bare minimum get worth, but pricing is based mostly on a bare minimum volume of two,000 square metres, which the Organization expects to provide in excess of the program of this financial year.


Frontier IP Team () 65p £32.9m

 Frontier IP, a specialist in commercialising intellectual home, has raised its equity stake in portfolio enterprise Celerum Minimal from 10 per cent to 33.8 per cent. The improve is in return for an investment decision of £25,000, converting a preceding mortgage of £21,818 into equity, and for providing £50,000 value of extra strategic, organization and arms-on computer software advancement products and services. 

Celerum, a spin out from Robert Gordon University (“RGU”), Aberdeen, is building novel synthetic intelligence to enable corporations strengthen the operational performance of logistics and provide chains. It also has the opportunity to  deal with a host of other elaborate scientific, engineering and industrial problems. Frontier IP is stepping up its guidance for the Organization in response to increased sector desire.


Scapa Team () 193.5p £300m

Update on recent trading ahead of its financial year-conclude on 31 March 2020.

Income c.£306m, broadly in line with current market expectations. Having said that, trading earnings is now envisioned to be close to £28m, appreciably under consensus. Healthcare revenue is believed to be close to £139m, slightly ahead of current market expectations and better than past year despite the decline of the ConvaTec deal. Health care trading earnings is envisioned to be lessen than consensus, reflecting slower development in lessening fees than envisioned at the time of the interim results. Industrial revenue is envisioned to be close to £168m, which is slightly under current market expectations but has a material affect on Team trading earnings, mainly the consequence of adverse macroeconomic problems. Scapa is targeted on rigorous execution of the tactic as it continues to improve performance and change its pipeline of possibilities to strengthen sales and margin efficiency. Expects the macro natural environment to remain tough in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Assertion from the language, intellectual home guidance products and services and localization companies. “The financial year finished 30 September 2019 was an superb year for RWS, with all a few divisions providing document results, enabling the Team to preserve its unparalleled document of sixteen yrs of unbroken progress in revenues, income and dividends considering the fact that flotation in 2003. This achievement was recognized when RWS was named Organization of the Calendar year at the 2019 Goal Awards.”

Recent trading and outlook

“We have ongoing to make on our momentum in the 1st handful of months of the 2020 financial year, with many superb new deal wins, particularly inside our IP Expert services division, leaving us on program to deliver full year results in line with the Board’s underlying expectations, notwithstanding the the latest currency headwinds.”


 SolGold () eighteen.25p £351m

Update on exploration at its one hundred% owned Timbara Undertaking in Southern Ecuador. The project is held in SolGold’s one hundred% owned subsidiary Environmentally friendly Rock Assets S.A.

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

Mineralisation mapped in excess of a 600m strike size demonstrates solid gold grades and stays open in the two directions at Timbara two. Mineralisation happens inside an 18m large northwest trending silicified zone, web hosting polymetallic quartz veins. Rock noticed channel sampling confirms the prospectivity of the Timbara two zone, with first rock noticed channel samples returning:

7.7m @ six.63 g/t Au (northern stream outcrops) -2m @ five.sixteen g/ t Au (southern stream outcrops)

The mineralisation at the southern stream outcrop stays open at the two ends.

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

() 10.5p £4.5m

Benefits of two yrs of unbiased baseline environmental facts assortment and monitoring at the Empire Mine, Idaho United states of america.  The results of the monitoring will be employed right for environmental permitting and the ongoing advancement of the Program of Functions for all long term mining exercise, including Red Star and the Empire open-pit copper oxide deposit.

No crucial habitat for threatened or endangered plant or wildlife was discovered inside the project space.

Area and groundwater experiments reveal no impacts from legacy mining operations. No considerable cultural or archaeological artefacts discovered in the project space

No Sage Grouse or Sage Grouse leks (breeding web pages) have been discovered at or close to the project space.

The full Plant and Wildlife reports, archaeological reports, and hydrological reports can be viewed on the Company’s site at www.phoenixcopperlimit­ in the identify of Konnex Assets Inc, the subsidiary regional operating enterprise of the Company 

7digital () .5p £11.3m

 The international leader in B2B conclude-to-conclude electronic new music methods, is delighted to announce that its new music system-as-a-company will power jazzed, the world’s 1st dedicated audio-visual streaming company for jazz and jazz-influenced new music.

jazzed is a multi-tier jazz streaming subscription company which has been formulated by ETA Productions Ltd, a specialist in building new electronic media platforms for entertainment marketplaces. Introduced now, it delivers a remarkably curated new music, online video and editorial expertise for the jazz admirer, showcasing in excess of 5m tracks and exclusive particular person channels. Underneath the terms of the first 12 month deal, which contains established-up, monthly and usage-based mostly content material fees, jazzed will use 7digital’s API and system obtain, playlist tools, reporting products and services and catalogue administration. This will allow for jazzed customers to stream new music from 7digital’s considerable catalogue of jazz tracks. jazzed delivers an ad-funded freemium model showcasing 10 hand-curated audio channels and a range of online video content material, and a £5.99 monthly subscription-based mostly tier with in excess of forty channels and unique online video content material.  


88 Power () one.175p £83.5m

Update relevant to operations for the future Charlie-one appraisal well, on the North Slope of Alaska.


·    Ice road now >80% entire

Allow to Drill authorised for Charlie-one appraisal well

·    Spud on track for late February

  () 3.85p £10.3m

 $one.9m inserting at $10. Although this does depict a 237% high quality to the closing mid-current market value on eleven February 2020, it signifies a high quality to the past audited NAV per share of $9.89 as at 31 May well 2019.

The proceeds of the Inserting Shares will be employed to undertake investments further more to the Company’s investment decision tactic. 


Head Cooks

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]