Frontier IP Group (LON:FIPP) 65p £32.9m
 Frontier IP, a professional in commercialising mental assets, has lifted its fairness stake in portfolio company Celerum Limited from 10 for every cent to 33.eight for every cent.


Dish of the working day

Unconditional Dealings start in Calisen () principal mkt premium., raising £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 Increase. At the moment detailed on JSE. (JMB:GML) at circa £122m.  The Group’s important producing belongings, the Kagem emerald mine in Zambia  (thought to be the world’s single biggest producing emerald mine) and the Montepuez ruby mine in Mozambique (a person of the most substantial just lately identified ruby deposits in the planet), are equally expected to have extended mine-life with likely for expansion. Also owns the  Faberge manufacturer. Due Valentines Working day 2020.

Principal Industry (Conventional Record)

The  has introduced its intention to record on the Conventional Industry.  The Blockchain dependent business enterprise, owns patents to a protocol which facilitates dispute resolution dependent upon sensible deal disputes.  Transaction particulars TBC. 

Principal Industry (Premium)

DRI Healthcare—investment company concentrated on investments in healthcare Royalty Assets  on the lookout to raise $350m. Due 11 Mar.

Ninety A single –proposed demerger and community listing of  Investec’s  global asset management business enterprise on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of current shares. Anticipated totally free float of >60{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2}. Due 16 march.

Cabot Square—Closed ended investment decision fund focussed on alternate belongings and asset supervisor. Seeking to raise £200m.  Will focus on investment decision options that are expected to make an attractive threat modified return and that can also make a favourable ESG affect by focusing on some of the biggest worries dealing with societies and economies.  Due 14 Feb.

The World wide Sustainable Farmland Cash flow Trust will make investments in a diversified portfolio of operational farmland belongings located in big agricultural marketplaces which includes the United States, Europe, New Zealand, Australia and certain countries inside Latin and South The usa. Elevating up to $300m.   Due 28 February.

Investment firm  is searching for to raise up to £200m at an difficulty value of 100p for every share by using an IPO.   The company aims to make investments in a portfolio of quoted Japanese stocks with industry capitalisations of up to $1bn.   Very first working day of dealings expected early February.

NEX Exchange

Banquet Buffet

Holdings  () 31.5p £19.9m

 The main global immunodiagnostics team, now announces its 50 {312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} yr final results for the six months ended 30 November 2019.

Biodesix to start EarlyCDT Lung in US by early March 2020

Provider deal signed with a big pharmaceutical team

In late stage talks on numerous likely assistance contracts.

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

Overall administrative expenditures had 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 increased workers charges) a more £0.7m relates to the IPF credit rating facility and increased patent charges as the Protagen patent estate was built-in.

 The implementation of an ongoing expense reduction programme put up the interval has sent once-a-year expense price savings of c.£1.0m, with the sale of the US subsidiary’s laboratory to Biodesix expected to contribute more once-a-year expense price savings of c.£2.2m.

 R&D charges had 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 sort of tiles, stair treads and window lintels. 


EBA Sh.p.K is a community architect and building business dependent in Kosovo, and the products and solutions are destined for use in building tasks inside Kosovo. The product selected for these things 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 agreement has no minimum order benefit, but pricing is dependent on a minimum volume of two,000 sq. metres, which the Enterprise expects to offer more than the program of this economical yr.


Frontier IP Group () 65p £32.9m

 Frontier IP, a professional in commercialising mental assets, has lifted its fairness stake in portfolio company Celerum Limited from 10 for every cent to 33.eight for every cent. The maximize is in return for an investment decision of £25,000, changing a preceding bank loan of £21,818 into fairness, and for giving £50,000 worth of more strategic, business enterprise and arms-on computer software improvement products and services. 

Celerum, a spin out from Robert Gordon College (“RGU”), Aberdeen, is developing novel synthetic intelligence to enable companies improve the operational performance of logistics and offer chains. It also has the likely to  deal with a host of other complex scientific, engineering and industrial worries. Frontier IP is stepping up its assistance for the Enterprise in response to increased sector fascination.


Scapa Group () 193.5p £300m

Update on recent trading ahead of its economical yr-close on 31 March 2020.

Earnings c.£306m, broadly in line with industry anticipations. Nevertheless, trading earnings is now expected to be approximately £28m, substantially underneath consensus. Healthcare earnings is believed to be approximately £139m, a little bit ahead of industry anticipations and better than very last yr irrespective of the decline of the ConvaTec deal. Healthcare trading earnings is expected to be reduced than consensus, reflecting slower progress in cutting down charges than expected at the time of the interim final results. Industrial earnings is expected to be approximately £168m, which is a little bit underneath industry anticipations but has a product affect on Group trading earnings, largely the consequence of adverse macroeconomic problems. Scapa is concentrated on demanding execution of the strategy as it proceeds to maximize performance and change its pipeline of options to improve product sales and margin effectiveness. Expects the macro surroundings to continue to be difficult in some of the industrial marketplaces in which it operates.

() 601.5p £1.65bnm

AGM Assertion from the language, mental assets assistance products and services and localization providers. “The economical yr ended 30 September 2019 was an excellent yr for RWS, with all a few divisions delivering file final results, enabling the Group to sustain its unparalleled file of 16 a long time of unbroken development in revenues, profits and dividends since flotation in 2003. This accomplishment was recognized when RWS was named Enterprise of the Yr at the 2019 Goal Awards.”

Existing trading and outlook

“We have ongoing to construct on our momentum in the initial couple of months of the 2020 economical yr, with numerous excellent new deal wins, significantly inside our IP Providers division, leaving us on program to deliver comprehensive yr final results in line with the Board’s fundamental anticipations, notwithstanding the current forex headwinds.”


 SolGold () eighteen.25p £351m

Update on exploration at its a hundred{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} owned Timbara Task in Southern Ecuador. The job is held in SolGold’s a hundred{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} owned subsidiary Inexperienced Rock Sources S.A.

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

Mineralisation mapped more than a 600m strike length demonstrates strong gold grades and continues to be open in equally directions at Timbara two. Mineralisation occurs inside an 18m wide northwest trending silicified zone, internet hosting polymetallic quartz veins. Rock noticed channel sampling confirms the prospectivity of the Timbara two zone, with preliminary rock noticed channel samples returning:

7.7m @ six.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 equally finishes.

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

() 10.5p £4.5m

Final results of two a long time of unbiased baseline environmental facts collection and checking at the Empire Mine, Idaho United states of america.  The final results of the checking will be used immediately for environmental permitting and the ongoing improvement of the Approach of Functions for all future mining activity, which includes Purple Star and the Empire open-pit copper oxide deposit.

No essential habitat for threatened or endangered plant or wildlife was identified inside the job place.

Area and groundwater studies suggest no impacts from legacy mining operations. No substantial cultural or archaeological artefacts identified in the job place

No Sage Grouse or Sage Grouse leks (breeding websites) had been identified at or near the job place.

The comprehensive Plant and Wildlife reports, archaeological reports, and hydrological reports can be seen on the Firm’s site at www.phoenixcopperlimit­ in the name of Konnex Sources Inc, the subsidiary community operating company of the Company 

7digital () .5p £11.3m

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

jazzed is a multi-tier jazz streaming subscription assistance which has been created by ETA Productions Ltd, a professional in building new electronic media platforms for amusement marketplaces. Released now, it offers a highly curated music, video and editorial expertise for the jazz admirer, showcasing more than 5m tracks and distinctive specific channels. Underneath the conditions of the preliminary twelve month deal, which features set-up, every month and usage-dependent content charges, jazzed will use 7digital’s API and platform access, playlist instruments, reporting products and services and catalogue management. This will permit jazzed customers to stream music from 7digital’s comprehensive catalogue of jazz tracks. jazzed offers an advert-funded freemium version showcasing 10 hand-curated audio channels and a range of video content, and a £5.99 every month subscription-dependent tier with more than 40 channels and exceptional video content.  


88 Energy () one.175p £83.5m

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


·    Ice road now >80{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} complete

Allow to Drill authorized for Charlie-one appraisal effectively

·    Spud on observe for late February

  () three.85p £10.3m

 $one.9m putting at $10. While this does depict a 237{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} premium to the closing mid-industry value on 11 February 2020, it represents a{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} premium to the very last audited NAV for every share of $9.89 as at 31 May possibly 2019.

The proceeds of the Placing Shares will be used to undertake investments more to the Firm’s investment decision strategy. 


Head Cooks

Derren Nathan

0203 764 2344

[email protected]

Niall Pearson

0203 764 2343

[email protected]