Frontier Ip Share Price (FIPP)

Maybe the legendary ST is about to tip

again

lol

Good news from Fieldwork Robotics posted elsewhere by acuere - a £600k grant win and an impressive new CFO.

That's over £1.1m of grants won by Fieldwork Robotics in the last 3 months alone:

Https://fieldworkrobotics.com/fieldwork-wins-government-grant-and-appoints-new-cfo-christopher-levine/

Excellent coverage of Pulsiv's "groundbreaking" power charging tech, and particularly nice to see that a variant is to come to support the latest Apple MacBook:

Https://www.astutegroup.com/news/industrial/groundbreaking-usb-c-technology-from-pulsiv-and-astute-electronics-signals-the-end-of-bulky-wall-chargers/

FIPP are featured on i.i.i as an AIM growth share to consider:

Https://www.ii.co.uk/analysis-commentary/five-aim-growth-shares-your-isa-ii531086

"Frontier IP (FIPP)

Price: 42p

Technology investment company Frontier IP Group FIPP is different to the other companies because if it makes a profit it tends to be because of gains in its portfolio company valuations or those realised via disposals. Management’s relationships with a number of universities in the UK and Portugal provide it with opportunities. There are parts of the portfolio that are starting to mature and provide exits.

The model is that Frontier IP earns stakes in technology spin-outs in return for providing advice and services and not from investing cash directly. In the six months to December 2023, the net asset value (NAV) increased from 81.8p/share to 84.2p/share thanks to higher portfolio valuations and a sale of Exscientia shares.

Nasdaq listed investee company Exscientia is an example of the potential for gains, although not all early-stage portfolio investments will do well. Exscientia is a spin-out from the University of Dundee and uses artificial intelligence to help drug discovery. Frontier IP has raised £14 million from share sales, whereas the cost of the investment was less than £2,000.

Another investee company Alusid, a spin-out from the University of Central Lancashire, produces sustainable tiles and could be on course for a flotation. Other investee companies are making progress with Heriot Watt University spin-out Nandi Proteins singing a commercial licence with a global food ingredients company.

There was cash of £2.7 million at the end of 2023, while a further £1.7 million was subsequently raised from selling the remaining Exscientia shares.

There has been a sharp recovery in the share price this year, but it is still 45% lower than at the end of 2022. The 50% discount to NAV partially reflects the fact that the portfolio is predominantly unquoted. Even so, this discount is too high and should narrow, while positive news on Alucid could provide further upside."

Results are out and look highly encouraging imo.

NAV has held up nicely at 84.2p given the macro environment. Cash is up to £4.4m including the final Exscientia shares sales.

Above all, a number of companies look particularly exciting - namely Alusid, CamGraPhIC, Fieldwork Robotics, Nandi Proteins, Pulsiv and The Vaccine Group.

A number of these are on the cusp of or are now selling product in quantity. Alusid is once again mentioned as IPO-ing soon. GraphEnergyTech and CamGraPhIC sound particularly exciting.

FIPP are trading at less than 50% of NAV. Much too great a discount.