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Small Cap Wrap – Sareum Holdings, Creo Medical Group, Versarien and more…


07 Jan 2021



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Upon Admission to AIM, Nightcap will acquire The London Cocktail Club Limited (the “London Cocktail Club”), which is an award winning independent operator of ten individually themed cocktail bars in nine London locations and one location in Bristol. Offer TBC Due mid Jan.

HSS Hire Group, HSS.L transfer from Main to Aim. Mkt Cap c. £70m. Recently raised £52.6m. Leading supplier of tool and equipment for hire in the United Kingdom and Ireland and has provided equipment hire services in the United Kingdom for more than 60 years, primarily focusing on the B2B market.  Due 14 Jan.

VH Global Sustainable Energy Opportunities plc, a closed-ended investment Company focused on making sustainable energy infrastructure investments, today announces intends to launch an initial public offering  of shares on the Official List (Premium) of the Main Market of the London Stock Exchange.  Due by Early Feb.


Banquet Buffet

Sareum Holdings* 2.5p  £81.7m (LON:SAR)

The specialist drug development company delivering targeted small molecule therapeutics to improve the treatment of cancer and autoimmune diseases, announced that, further to its announcement of 8 October 2020, the United States Patent and Trademark Office has now formally approved its patent application (US Patent Application no. 16/351,620), in respect of an invention associated with Sareum’s proprietary SDC-1802 TYK2/JAK1 Kinase Inhibitor Programme. This programme is in preclinical development and targets cancer and cancer immunotherapy.  

Following the grant of this patent (US 10,882,829), Sareum has patent protection for the SDC-1802 molecule and pharmaceutical preparations thereof in the US and across all major territories in Europe, Japan and China.

Sareum’s CSO, Dr John Reader, commented : “The granting of this patent in the US completes the protection of the intellectual property for our proprietary SDC-1802 Programme across all major markets. The Board believes that the patent will enhance the value of its TYK2/JAK1 inhibitor programmes and the Company’s negotiating position as it continues to engage in discussions with potential licence partners.”


Creo Medical Group 204p  £322m (LON:CREO)

The medical device company focused on the emerging field of surgical endoscopy, announces that it has received 510(k) clearance from the US Food & Drug Administration (FDA)  for its tissue ablation device MicroBlate ™ Flex .

MicroBlate™ Flex is the fourth device within Creo’s portfolio of flexible endoscopy devices for the gastrointestinal (‘GI’) market to receive FDA regulatory clearance, alongside CE marking already received across the range in 2020. The first Creo product to receive FDA clearance, Speedboat™Inject, is being used by clinicians in the UK, EU, US, South Africa and APAC.

Creo’s suite of devices have been designed to be used with the CROMA Advanced Energy Platform, powered by Kamaptive™ full-spectrum adaptive technology, a seamless, intuitive integration of multi-modal energy sources, optimised to adapt to the tissue effect required for different procedures such as resection, dissection, coagulation and ablation.


Versarien 49.05p  £93.13m (LON:VRS)

The advanced materials engineering group, announced that Dr Stephen Hodge has been appointed as the Company’s Chief Technology Officer  and has joined the Company’s Board with immediate  effect. Dr Hodge is currently Head of Research at Versarien, a role he has held since July 2018. Prior to this, he was employed as a Principal Engineer at Cambridge Graphene Limited, a supplier of graphene inks and other graphene materials, and a subsidiary of Versarien. 


Judges Scientific 6350p  £400m (LON:JDG)

The Board of Judges Scientific PLC, a group focused on acquiring and developing companies in the scientific instrument sector , provides the following update on the Group’s trading performance for the financial year ended 31 December 2020. 

As previously disclosed, following the outbreak of Covid-19 and the subsequent difficult trading conditions associated with lockdowns across the globe, the main impact on the Group has been on order intake which fundamentally drives all other Group key performance metrics. For 2020, year-on-year Organic order intake receded by 13%. Notwithstanding this, the Group starts 2021 with a comfortable Organic order book, equivalent to 14.0 weeks of budgeted sales (31 December 2019: 13.2 weeks). Strong bookings by the recent acquisitions brings the total order book to 15.5 weeks.

The Group delivered significant profit in each month of 2020 and cash generation remained healthy throughout the period. Exchange rates remained favourable throughout the year in spite of Sterling strengthening in the run-up to the conclusion of a trade deal with the EU. In parallel, the Group continued to deliver on its acquisition strategy with the completion of two acquisitions.

The Group continues to prioritise the safety of its colleagues, and despite the numerous challenges posed by the pandemic, the Group’s performance has remained resilient with the second half of the financial year showing a gradual improvement in our trading environment. As a result, the Board anticipates that Adjusted Earnings Per Share for the full year ended 31 December 2020 will be ahead of market expectations.


Character Group 425p  £90.9m (LON:CCT)

The Designers, developers, and international distributor of toys, games, and giftware  announced that contracts have been exchanged for the sale of the Group’s UK overspill warehousing facility at Vernon Works, Oldham in Lancashire for £3.5 million in cash (excluding VAT).  Completion is scheduled to take place on 29 January 2021.  The freehold to the facility was acquired by the Group in July 2011 for a total cost of £1.78 million and had a net book value at 31 August 2020 of c. £1.44 million.


Mpac Group 462p  £93.3m (LON:MPAC)

Mpac Group plc, a global leader in high-speed packaging and automation solutions, provides a pre-close trading update (unaudited) for the year ended 31 December 2020. The Group expects to report underlying profit before tax for the full year 2020 above market expectations, primarily as a result of better than expected margins in Q4 driven by sector mix. Trading continues to be resilient, as Mpac serves essential healthcare, food, and beverage markets, deploying digital technology to mitigate travel restrictions despite the continued headwinds from the pandemic.  


Altus Strategies 91p  £63.78m (LON:ALS)

· Initial results from 10,000m RC drilling programme at Diba gold project in western Mali

· Intersections from Diba Deposit include: o  3.34 g/t Au over 60m from 17m (including 13.60 g/t Au over 9m). o  4.48 g/t Au over 15m from 22m (including 7.18 g/t Au over 9m).  22.11 g/t Au over 6m from 89m

 2.51 g/t Au over 12m from 3m (including 3.32 g/t Au over 7m)

· Two new zones discovered at the Diba NW prospect, 800m northwest of Diba Deposit.


Avacta Group   132p  £334m (LON:AVCT)

The developer of innovative cancer therapies and diagnostics based on its proprietary Affimer® and pre|CISIONTM platforms, has entered into a license agreement with POINT Biopharma Inc., to provide access to Avacta’s pre|CISION™ technology for the development of tumour-activated radiopharmaceuticals. 

The radiopharmaceutical market is expected to grow to $15 billion by 20251 and there is a substantial opportunity to grow much faster if safety and tolerability of these effective treatments can be improved. POINT Biopharma is a clinical-stage pharmaceutical company focused on developing radioligands2 as precision medicines for the treatment of cancer.


Eco Animal Health Group SUSPENDED (LON:EAH)

EAH has received a marketing authorisation from Brazil’s Ministry of Agriculture, Livestock and Food Supply for Circo/ MycoGard®, a vaccine for swine.

Circo/MycoGard® is used for the vaccination of healthy piglets against Porcine Circovirus type 2 (“PCV2”) and Mycoplasma hyopneumoniae, two of the most common primary pig respiratory disease pathogens affecting the health and productivity of swine globally.



The  mining and energy company has entered into a Relationship Agreement with Polo Resources Limited. Polo is currently a private limited company and owns 28.3% of the Company’s issued share capital. 

The purpose of the Relationship Agreement is to ensure that the Company is capable of carrying on, at all times, its business independently of Polo. 

The Relationship Agreement has a minimum term of one year from the execution date, and thereafter will terminate if the ordinary shares of the Company cease to be admitted to trading on AIM or Polo ceases to retain an aggregate interest of 25 per cent or more of the issued ordinary share capital of the Company. 


The Company confirms in relation to the Loan Facility with Polo announced on 3 February 2020, it has today drawn down a further £250,000 in accordance with the terms announced thereon. The Company has utilised currently £3.2million of the £3.5million facility. This current drawdown along with existing cash balances will be sufficient to fund the Company for a further 3 months.


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Derren Nathan

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