PIWORLD audio investor podcasts

The Market Call - Week Ending 14th February 2025

This week, Progressive's Gareth Evans and Jeremy McKeown tackle the investment implications of Trump 2.0. After shocking the world with his suggestion of turning Gaza into the Riveria of the Middle East, Trump has moved on to Ukraine. Such events illustrate how the accepted World order has broken down. Where is the UN in all of this?

One outcome has been a new all-time high in the gold price, indicating heightened risks and uncertainties for global investors. The US inflation data also came in hot. Yet, counter-intuitively, it didn't dent the gold bull market, indicating perhaps investor concerns over policy errors or breakdown in the relationship between the Treasury and the Fed.

Relative to other monetary metals, gold looks expensive, and silver or platinum might offer better opportunities to protect against fiat money debasement. Not advice; do your own research.

China's equity values have recovered strongly after the Deep Seek AI revelations. Alibaba's stock has risen over 40% in less than a month, indicating the impact of the dispersal trade.

The UK economy unexpectedly grew in Q4 last year. While negative sentiment surrounds the economy, UK assets remain relatively attractive to global investors.

This week, one example of how the UK government prioritises economic growth is emerging in the newsflow of the motor finance and retail sectors.

With significant exposure to car loans, Close Brothers and SU made constructive updates this week, indicating that motor finance might avoid the protracted drag on consumer lending that PPI became.

Gareth covers the impact of government policy on Progressive clients Secure Trust Bank and Vertu Motors.

Looking ahead, we will get UK inflation data next week, which is likely to indicate a flat annual rate of 2.5%.

Also, we get Japanese inflation data, and the accompanying risk of the yen carry-trade unwind.

SDI Group (SDI) Investor Q&A Session - February 2025

SDI Group’s CEO, Stephen Brown, CFO, Amitabh Sharma and Head of Corporate Development, James Dimitriou, answer investor questions following the Group’s recent December Interims.

Read the latest research here: https://progressive-research.com/company/sdi-group-plc/

00:00 Opener

00:16 Introduction

00:45 Can you talk about opportunities going forward, and can you outline how you are encouraging collaboration between the businesses?

04:17 Are there any larger one-off acquisitions?

07:09 Are you starting to see these synergies between the businesses drive margin or sales revenue?

08:30 What further comfort can you give on the ability to hit FY25 forecasts, and did the order book at the end of October give you similar levels of cover that you've seen in past years?

09:23 Is the orderbook strong across all three segments, and could you give some detail on the drivers of that?

10:43 Are you seeing any further weakness in China, and will this market be a focus going forward?
12:00 Can you talk about potential tariffs and the opportunities for geographical expansion?

15:23 Just looking at momentum, you've mentioned that trading has continued strongly into H2. Is the sequentially month-on-month?

15:56 Can you give us a sense of how much business is repeated, recurring revenues vs one-off capital equipment?

16:16 And we've seen generally tougher, challenging trading conditions, but as to your portfolio, where do you see the most growth come from, and what are you doing to address the opportunities?

18:08 You've had a strong track record in terms of free cash flow, and you've successfully funded acquisitions from cashflow, do you see a change to this strategy going forward?

19:39 Could you give a bit more colour around cost-cutting and investment in the business in capex?

21:35 When do you expect business growth to re-accelerate, and in particular, when did life sciences start picking up again?

22:54 Do you think the existing portfolio can generate growth between 5 and 10 percent?

24:00 What's the longer-term sustainable margin target?

24:55 Are there any other big operational or management structure changes that we should expect?

25:39 Are you happy with the structure in terms of managing the operations and driving growth through acquisitions?

26:40 Could you say any more about the M&A opportunities and your EBIT multiple opportunities for those?

28:07 You've outlined that there are benefits for companies that join SDI, can you just outline why companies become part of the SDI group?

28:38 Outro

SDI Group is an AIM-quoted group specialising in the acquisition and development of a portfolio of companies that design and manufacture niche analytical technology products for use within digital imaging and sensing and control applications in science, technology and medical markets. The group operates a well-established 'buy and build' strategy, supplementing organic growth with earnings-accretive acquisitions of complementary businesses that have sustainable profits and cash flows. Targets are primarily UK businesses with established reputations, capable of achieving significant organic growth through developing export markets. SDI Group takes a decentralised approach, with seasoned local management given broad discretion to run group businesses within defined limits. SDI Group typically acquires businesses generating up to ?1m EBIT for around 4-6 times EBIT plus net assets, including earnout payments.

Made Tech (MTEC) Interim Results FY25 presentation - February 2025

Made Tech CEO, Rory MacDonald and CFO, Neil Elton present the group's results for the six months ended 30 November 2024, followed by a Q&A session.

Rory MacDonald, CEO & Founder
00:16 Introduction
00:59 H1 FY25 Highlights

Neil Elton, CFO
04:55 H1 FY25 Financial highlights
06:39 Revenue and Gross Profit
10:17 Sales bookings
11:01 Adjusted EBITDA bridge
12:24 Balance sheet
13:55 Cash flow

Rory MacDonald, CEO & Founder
14:53 Market opportunity
19:17 Clients and Industries
20:37 Case studies
25:02 Service Lines
28:03 Software products
29:02 People
31:20 ESG
32:49 Outlook

34:45 Q&A

Made Tech is a provider of digital, data and technology services, which enable central government, healthcare, local government organisations and other regulated industries to digitally transform.

Made Tech's purpose is to "positively impact the future of society by improving public services technology". To achieve this the company has four key strategic missions: Modernise legacy technology and working practices; Accelerate digital service and technology delivery; Drive better decisions through data and automation; and Enable technology and delivery skills to build better systems.

The Group operates from four locations across the UK - London, Manchester, Bristol, and Swansea.

More information is available at https://investors.madetech.com/

The Market Call - Week Ending 31st January 2025

Progressive’s Gareth Evans is joined by tech analyst George O'Connor as they glance back at the week’s macro events and market themes and discuss the impact on investors and companies. They discuss selected UK company news and let us know what to look out for in the week ahead…

00:00 Introduction

01:12 Global Macro News

01:29 DeepSeek and its global impact

07:02 OpenAI's Operator and AI agents

07:55 Recruitment in the tech sector

10:07 Computacenter (CCC) & Sage (SGE)

12:27 Global Market news

13:10 Progressive client news: Idox (IDOX) & Van Elle Holdings (VANL)

13:52 Upcoming Macro news:

• EU Inflation figures (Mon 3 Feb)
• US PMI data (Weds 5 Feb)
• Bank Of England Rate Decision (Thurs 6 Feb)
• US Employment Metrics (Fri 7 Feb)

Gareth Evans has 25 years’ research experience covering the Technology sector. An Oxford University graduate, Gareth qualified as an accountant before starting his research career covering the Pan European Chemicals sector at the American Investment Bank Donaldson Lufkin & Jenrette (DLJ), later acquired by Credit Suisse. He then moved to cover the Technology sector at ABN AMRO, Canaccord and at Investec for eleven years, where he was Joint Head of Research. Gareth has received numerous awards for his work, including being voted techMark Analyst of the Year.

George O’Connor has been a financial analyst covering London-listed Software & IT Services, e-comm and hardware companies for the past 25 years. George has worked for a variety of firms including Albert E. Sharp, Panmure Gordon and Stifel where he researched and communicated investment cases, conducted IPOs, secondary placings and the odd rescue rights. George started his career at IT industry analysts IDC where over nine years he rose to become Research Manager.

The Market Call - Week Ending 24th January 2025

Progressive’s Jeremy McKeown and Gareth Evans glance back at the week’s macro events and market themes and discuss the impact on investors and companies. They discuss selected UK company news and let us know what to look out for in the week ahead…

00:00 Introduction

01:02 Trump's first week back in office

04:05 The Stargate Project & the US Tech Industry

05:26 Trump & The World Economic Forum

06:14 Trump & Interest Rates/Oil Prices

07:47 UK Government Regulatory easing

10:07 UK Economic data

10:59 Progressive Client news:

• Nexus Infrastructure (NEXS)
• Watkin Jones (WJG)
• Forterra (FORT)
• Gear4music (G4M)
• Sanderson Design Group (SDG)
• Intuitive Investments (IIG)
• Beeks Financial Cloud (BKS)
• SRT Marine Systems (SRT).

12:44 Upcoming Macro News:

• Fed Rates Decision (Weds 29 Jan)
• ECB Rate Decision (Thurs 30 Jan)
• Eurozone GDP & Employment data (Thurs 30 Jan)
• US PCE inflation data (Fri 31 Jan)

14:03 Outro

About:

Gareth Evans has 25 years’ research experience covering the Technology sector. An Oxford University graduate, Gareth qualified as an accountant before starting his research career covering the Pan European Chemicals sector at the American Investment Bank Donaldson Lufkin & Jenrette (DLJ), later acquired by Credit Suisse. He then moved to cover the Technology sector at ABN AMRO, Canaccord and at Investec for eleven years, where he was Joint Head of Research. Gareth has received numerous awards for his work, including being voted techMark Analyst of the Year.

Jeremy McKeown has a degree in economics and an MBA. He has been working in the City for over forty years, both as an investment manager and at a number of leading investment banks including Merrill Lynch and Investec. His passion is for meeting, investing in and advising small and mid-sized businesses – and his previous roles give him a vast array of experience on which to draw. Jeremy’s role at Progressive includes helping clients with their investment cases, providing high quality content to our subscriber base and giving the team a valuable macro “framework” within which to evaluate and position our customers’ propositions.

The Market Call - Week Ending 17th January 2025

Progressive’s Jeremy McKeown and Gareth Evans discuss the week’s macro picture, the impact on investors, companies reporting & what to look out for next week.

00:00 Introduction
01:04 The Return of Bond Vigilantes
04:05 UK market news
06:24 National insurance rises
07:55 Progressive client news - Petro Matad (MATD), Xaar (XAR) and Gamma (GAMA)
11:04 Upcoming macro news

• UK Unemployment figures (Tues 21 Jan)
• UK Average earnings (Tues 21 Jan)
• Japanese inflation data (Thurs 23 Jan)
• Bank of Japan interest rate decision (Fri 24 Jan)

13:21 Outro

About:

Gareth Evans has 25 years’ research experience covering the Technology sector. An Oxford University graduate, Gareth qualified as an accountant before starting his research career covering the Pan European Chemicals sector at the American Investment Bank Donaldson Lufkin & Jenrette (DLJ), later acquired by Credit Suisse. He then moved to cover the Technology sector at ABN AMRO, Canaccord and at Investec for eleven years, where he was Joint Head of Research. Gareth has received numerous awards for his work, including being voted techMark Analyst of the Year.

Jeremy McKeown has a degree in economics and an MBA. He has been working in the City for over forty years, both as an investment manager and at a number of leading investment banks including Merrill Lynch and Investec. His passion is for meeting, investing in and advising small and mid-sized businesses – and his previous roles give him a vast array of experience on which to draw. Jeremy’s role at Progressive includes helping clients with their investment cases, providing high quality content to our subscriber base and giving the team a valuable macro “framework” within which to evaluate and position our customers’ propositions.

Tern (TERN) Portfolio Update - January 2025

Tern hosted an investor presentation and Q&A session on 9 January 2025. Presentations were given by the portfolio companies, which reinforced that all three businesses have made significant progress with major key accounts and important strategic partnerships.

Read Progressive’s latest research note here or visit Tern's website here.

Tim Metcalfe, Managing Director, IFC Advisory
00:16 - Introduction

Richard Vincent, CEO & Co-Founder, Fundamental Surgery
01:59 - Fundamental Surgery

Darren Antill, CEO, Device Authority
14:43 - Device Authority

Susant Patro, CEO & Co-Founder, Vortex IQ
33:39 - Vortex IQ

Jo Haliday, CEO & Founder, Talking Medicines
49:50 - Talking Medicines

01:07:11 - Q&A

Tern provides access to disruptive Internet of Things (IoT) start-ups with proven technology, not generally available to AIM investors. It operates a hybrid venture capital (VC) model, with shareholders acting as Limited Partners. This business model change was actioned in early 2017 following the acquisition of Device Authority Inc and Al Sisto becoming Tern CEO. Tern supports software companies that develop IoT security, enablement, and analytics solutions for the healthcare and industrial sectors. Tern is focused on accelerating the growth of portfolio companies from the point of investment to Series A or B, gaining external verification on valuations and maximising exit multiples. Tern has investments in: Device Authority (IoT security), Fundamental VR (VR haptic 'simulators' for surgery), Konektio, formerly InVMA (Industrial IoT), Wyld Networks AB (LoRa and Mesh), Talking Medicines (capturing the patient voice) and less than 1% of DiffusionData Ltd, formerly Push Technology (mission critical data). Tern has also committed to invest up to ?5m, over the 10-year life of the SVV UK Software Technology Fund.

The Progressive/PIWORLD Market Call - Week ending 10th January 2025

Progressive’s Jeremy McKeown and Gareth Evans discuss the week’s macro picture, the impact on investors, companies reporting & what to look out for next week.

00:00 Opener
00:52 Uncertainty around Trump
04:38 UK macro backdrop for 2025
06:38 UK news: Trading updates from Retailers &  Christmas consumer spending
08:03 Investing in the UK with the current macro backdrop
12:37 Upcoming macro news:

• US Non-Farm Payrolls (Fri 10 Jan)
• UK Inflation Data (Weds 15 Jan)
• US Inflation Data (Weds 15 Jan)
• UK GDP Data (Thurs 16 Jan)

14:27 Outro

About:

Gareth Evans has 25 years’ research experience covering the Technology sector. An Oxford University graduate, Gareth qualified as an accountant before starting his research career covering the Pan European Chemicals sector at the American Investment Bank Donaldson Lufkin & Jenrette (DLJ), later acquired by Credit Suisse. He then moved to cover the Technology sector at ABN AMRO, Canaccord and at Investec for eleven years, where he was Joint Head of Research. Gareth has received numerous awards for his work, including being voted techMark Analyst of the Year.

Jeremy McKeown has a degree in economics and an MBA. He has been working in the City for over forty years, both as an investment manager and at a number of leading investment banks including Merrill Lynch and Investec. His passion is for meeting, investing in and advising small and mid-sized businesses – and his previous roles give him a vast array of experience on which to draw. Jeremy’s role at Progressive includes helping clients with their investment cases, providing high quality content to our subscriber base and giving the team a valuable macro “framework” within which to evaluate and position our customers’ propositions.

SDI Group (SDI) Management Interview - January 2025

An Interview with SDI Group CEO, Stephen Brown, providing an overview of the business, its refreshed strategy and insight into the acquisition of InspecVision.

Read the research here.

00:00 - Introduction

00:28 - Can you give a brief overview, and tell us about the breadth of the business and the technological expertise that sits within the SDI Group?
01:21 - Despite the difficult end markets, particularly in lab equipment how have you navigated these external challenges?

01:50 - What is the strategy of SDI and how is that translated into a sustainable operational reality?

02:34 - Can you tell us a bit more about what you did as part of the Strategic review that has now completed and what has been Implemented as part of the new strategic framework?

03:45 - What are the Long-term growth drivers for SDI and which businesses are best placed?

04:07 - One of the key attractions has been the levels of cash generation in the business and the ability to fund acquisition, can you say any more on this?

04:40 - Tell us what you are seeing M&A wise and what are you looking for when you buy a business?

05:15 - Tell us more about your most recent acquisition, InspecVision? Where does it sit and what opportunities do you see going forward?

06:02 - You clearly have strong access to capital and a healthy balance sheet to support the active M&A pipeline. Can you talk more about acquisition opportunities?

06:44 - You have recently resegmented the group and introduced a very clear mandate to grow the business both via organic growth and acquisition. Can you tell us more about how this is progressing?

07:30 - Can you expand on any of the operational efficiency initiatives to support margin growth?

08:05 - What are the benefits for portfolio companies, being part of SDI Group? Why would a management team decide to sell their business to SDI?

08:56 - We’ve touched on what sets SDI apart as a preferred buyer but some of your recent acquisitions have given you a broader geographic reach also. Can you say anymore about further geographic expansion opportunities?

09:28 - Just to finish off with the conundrum between M&A and organic growth, can you just end with your thoughts on this and any closing comments on SDI?

SDl Group is an AIM-quoted group specialising in the acquisition and development of a portfolio of companies that design and manufacture niche analytical technology products for use within digital imaging and sensing and control applications in science, technology and medical markets. The group operates a well-established 'buy and build' strategy, supplementing organic growth with earnings-accretive acquisitions of complementary businesses that have sustainable profits and cash flows. Targets are primarily UK businesses with established reputations, capable of achieving significant organic growth through developing export markets. SDI Group takes a decentralised approach, with seasoned local management given broad discretion to run group businesses within defined limits. SDI Group typically acquires businesses generating up to £1m EBIT for around 4-6 times EBIT plus net assets, including earnout payments.

In the Company of Mavericks: Javier Milei, The Maverick President – with Robert Marstrand

Progressive's Jeremy McKeown is joined by Robert Marstrand, an author and investor who writes the investment stack OfWealth. They discuss Javier Milei, Argentina's 'Maverick President', covering Argentina's political and economic background and the effects of Milei's reforms.

00:00 Introduction - About Argentina and Javier Milei
08:07 Robert’s background
14:32 Argentina’s political background
17:24 How has Javier Milei met his goals?
20:17 What’s the evidence on the ground of the supply side response?
21:58 What’s the current political landscape?
24:07 Potential risks
28:01 What have been the effects of Milei’s changes to tariffs and taxes?
34:02 How fast will Milei move in his reforms?
35:31 Miliei’s relationship with Trump and the US
38:03 What’s been driving his popularity?
39:38 What does the future look like?
42:21 What does Argentina look like from an investor's perspective?
47:06 Conclusion

About:

Jeremy McKeown has a degree in economics and an MBA. He has been working in the City for over forty years, both as an investment manager and at a number of leading investment banks including Merrill Lynch and Investec. His passion is for meeting, investing in and advising small and mid-sized businesses – and his previous roles give him a vast array of experience on which to draw. Jeremy’s role at Progressive includes helping clients with their investment cases, providing high quality content to our subscriber base and giving the team a valuable macro “framework” within which to evaluate and position our customers’ propositions.

The Progressive/PIWORLD Market Call - Week ending 20th December 2024

Progressive’s Jeremy McKeown and Gareth Evans discuss the week’s macro picture, the impact on investors, companies reporting & what to look out for next week.

00:50 US rate reductions
04:44 UK Inflation and interest rates
06:53 Japanese interest rates
07:36 Other news: China, Russia, Trump
09:18 Idox (IDOX) and Petro matad (MATD)
10:48 Artisanal Spirits (ART)
14:01 Outro

About:

Gareth Evans has 25 years’ research experience covering the Technology sector.  An Oxford University graduate, Gareth qualified as an accountant before starting his research career covering the Pan European Chemicals sector at the American Investment Bank Donaldson Lufkin & Jenrette (DLJ), later acquired by Credit Suisse. He then moved to cover the Technology sector at ABN AMRO, Canaccord and at Investec for eleven years, where he was Joint Head of Research. Gareth has received numerous awards for his work, including being voted techMark Analyst of the Year.

Jeremy McKeown has a degree in economics and an MBA. He has been working in the City for over forty years, both as an investment manager and at a number of leading investment banks including Merrill Lynch and Investec. His passion is for meeting, investing in and advising small and mid-sized businesses – and his previous roles give him a vast array of experience on which to draw. Jeremy’s role at Progressive includes helping clients with their investment cases, providing high quality content to our subscriber base and giving the team a valuable macro “framework” within which to evaluate and position our customers’ propositions.

About Progressive Research.

Produced by Progressive Research, Distributed by PIWORLD

In the Company of Mavericks - Long Short Equity Management with Richard Stuckey of Ennismore

Progressive's Jeremy McKeown and David Seaman of Alpha Cygni Investment Management are joined by Richard Stuckey, the manager of the Ennismore Global Equity Fund, to discuss the management of a long-short strategy in smaller global companies.

00:22 - Introduction
09:49 - Managing risk in a long-short strategy
22:30 - How does shorting affect the overall portfolio structure?
24:11 - Genus (GNS)
33:38 - Paradox Interactive
40:51 - Geographic diversity & considering macro risks
43:18 - Managing market inefficiency driven by mega-cap tech stocks, passive investment and meme-driven markets
47:10 - Investing mistakes and learnings
50:32 - Conclusion

About:

Jeremy McKeown has a degree in economics and an MBA. He has been working in the City for over forty years, both as an investment manager and at a number of leading investment banks including Merrill Lynch and Investec. His passion is for meeting, investing in and advising small and mid-sized businesses – and his previous roles give him a vast array of experience on which to draw. Jeremy’s role at Progressive includes helping clients with their investment cases, providing high quality content to our subscriber base and giving the team a valuable macro “framework” within which to evaluate and position our customers’ propositions.

About Progressive Research.

Produced by Progressive Research, Distributed by PIWORLD

The Progressive/PIWORLD Market Call - Week ending 13th December 2024

Progressive’s Jeremy McKeown and Gareth Evans discuss the week’s macro picture, the impact for investors, companies reporting & what to look out for next week.

01:00 Overview: Middle East Uncertainty, Trump
01:41 China’s monetary policy
02:31 USA
05:40 Springfield Properties (SPR) and VanElle Holdings (VANL)
06:36 UK - Ashtead and Games Workshop (GAW)
12:29 Forthcoming news:

• Chinese production data (Mon 16 Dec)
• UK inflation data (Weds 18 Dec)
• US interest rates (Weds 18 Dec)
• Bank of Japan interest rates (Thurs 19 Dec)
• UK Interest rates (Thurs 19 Dec)

About:

Gareth Evans has 25 years’ research experience covering the Technology sector.  An Oxford University graduate, Gareth qualified as an accountant before starting his research career covering the Pan European Chemicals sector at the American Investment Bank Donaldson Lufkin & Jenrette (DLJ), later acquired by Credit Suisse. He then moved to cover the Technology sector at ABN AMRO, Canaccord and at Investec for eleven years, where he was Joint Head of Research. Gareth has received numerous awards for his work, including being voted techMark Analyst of the Year.

Jeremy McKeown has a degree in economics and an MBA. He has been working in the City for over forty years, both as an investment manager and at a number of leading investment banks including Merrill Lynch and Investec. His passion is for meeting, investing in and advising small and mid-sized businesses – and his previous roles give him a vast array of experience on which to draw. Jeremy’s role at Progressive includes helping clients with their investment cases, providing high quality content to our subscriber base and giving the team a valuable macro “framework” within which to evaluate and position our customers’ propositions.

About Progressive Research.

Produced by Progressive Research, Distributed by PIWORLD

Begbies Traynor (BEG) Half year results presentation - December 2024

Begbies Traynor Executive Chairman, Ric Traynor and Group Finance Director, Nick Taylor present the group's results for the six months ended 31 October 2024, followed by Q&A.

Ric Traynor, Executive Chairman
00:16 - Introduction
01:05 - H1 highlights

Nick Taylor, Group Finance Director
03:04 - H1 financial highlights
06:45 - Reconciliation of adjusted EBITDA to statutory profit
07:38 - Financial position
11:02 - Financial summary & outlook

Ric Traynor, Executive Chairman
12:22 - Insolvency levels
14:08 - Property market transaction levels
15:23 - Divisional growth
17:24 - Case studies
18:25 - Organic growth
19:58 - Growth strategy
20:43 - Growth in property advisory
21:33 - Historic performance
22:06 - Summary & outlook

22:48 - Q&A

Begbies Traynor Group plc is a leading UK advisory firm with expertise in business recovery, advisory and corporate finance, valuations, asset sales and property consultancy.

We have 1,300 colleagues operating from 45 locations across the UK, together with four offshore offices. Our multidisciplinary professional teams include insolvency practitioners, accountants, lawyers, funding professionals and chartered surveyors.

• Business recovery
  • Corporate and personal insolvency; contentious insolvency; creditor services
• Advisory and corporate finance
  • Debt advisory and finance broking; corporate finance; special situations M&A; financial advisory
• Valuations
  • Property, business and asset valuations
• Asset sales
  • Property, plant and machinery auctions; property and business sales agency
• Property consultancy
  • Building consultancy; transport planning; commercial property management; insurance and protection

Further information can be accessed via the group's website at https://ir.begbies-traynorgroup.com/.

SThree (STEM) Trading Update - December 2024

SThree CEO, Timo Lehne and CFO, Andrew Beach give a trading update.

Timo Lehne, CEO
00:16 - Introduction

Andrew Beach, CFO
01:46 - Financial performance
02:24 - Contract order book
02:51 - Balance sheet

Timo Lehne, CEO
03:14 - Summary & Outlook

SThree plc brings skilled people together to build the future. We are the only global specialist talent partner focused on roles in Science, Technology, Engineering and Mathematics ('STEM'), providing permanent and flexible contract talent to a diverse base of around 6,000 clients across 11 countries. Our Group's c.2,700 staff cover the Technology, Life Sciences and Engineering sectors. SThree is part of the Industrial Services sector. We are listed on the London Stock Exchange's Main Market, trading with ticker code STEM.

Talking Tech – Episode 13: Oxford Metrics (OMG) & FD Technologies (FDP)

Progressive Analysts, George O'Connor and Ian Robertson’s regular review of the technology sector, including an overview of Oxford Metrics full-year results, reported last week, and FD Technologies focussing on its KX database business.

00:00 - Introduction
01:15 - Oxford Metrics (OMG)
07:38 - FD Technologies (FDP)

View Oxford Metrics (OMG) research here.

About: George O'Connor has been a financial analyst for the past 25 years, covering London-listed Software & IT Services, e-comm and hardware companies. George has worked for a variety of firms including Albert E. Sharp, Panmure Gordon and Stifel where he researched and communicated investment cases, conducted IPOs, secondary placings and the odd rescue rights. George started his career at IT industry analysts IDC where over nine years he rose to become Research Manager.

Ian Robertson has over two decades of experience in the smaller companies and technology sectors working as investor, analyst and advisor. Ian Started his career by qualifying as a chartered accountant before moving onto roles in corporate finance at EY and then fund management at Gartmore and RSA. Ian then moved across to sell-side equity research at HSBC and subsequently worked at a number of UK small-cap specialist brokers, including Altium, Evolution and Seymour Pierce.

Find out more about Progressive Research here.

Produced by Progressive Research, Distributed by PIWORLD

MindGym (MIND) Half Year results presentation - December 2024

MindGym CEO, Christoffer Ellehuus and CFO, Emily Fyffe present the group's results for the six months ended 30 September 2024.

Christoffer Ellehuus, CEO
00:16 - Introduction
04:04 - Market opportunity & dynamics

Emily Fyffe, CFO
07:11 - HY FY25 financial highlights

Christoffer Ellehuus, CEO
10:00 - Global energy framework case study
12:15 - Finastra case study
14:33 - Vision for growth
15:50 - Packaged solutions
17:43 - Technology platform partnerships
18:56 - New product launches
22:01 - Diagnostics & analytics products
26:16 - Summary & outlook

MindGym is a company that delivers business improvement solutions using scalable, proprietary products which are based on behavioural science. The Group operates in three global markets: business transformation, human capital management and learning & development.

MindGym is listed on the London Stock Exchange Alternative Investment Market (ticker: MIND) and headquartered in London. The business has offices in London, New York and Singapore.

Further information is available at www.themindgym.com

Cerillion (CER) Full Year 2024 results presentation - November 2024

Cerillion CEO, Louis Hall and CFO, Andrew Dickson present the company's results for the year ended 30 September 2024, followed by Q&A.

Louis Hall, CEO
00:16 - Introduction
01:31 - About Cerillion
08:32 - FY24 Highlights

Andrew Dickson, CFO
11:24 - FY24 financial highlights
14:30 - Cash generation
17:02 - Income statement
18:53 - Balance sheet
19:20 - Cash flow statement

Louis Hall, CEO
19:31 - Operations
24:55 - Summary & Outlook

26:15 - Q&A

Cerillion has a 25-year track record in providing mission-critical software for billing, charging and customer relationship management ("CRM"), mainly to the telecommunications sector but also to other markets, including utilities and financial services. The Company has c. 80 customer installations across c. 45 countries.

Headquartered in London, Cerillion also has operations in India and Bulgaria as well as a sales presence in the USA, Singapore and Australia.

The business was originally part of Logica plc before its management buyout, led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.

Tracsis (TRCS) Full Year 2024 results presentation - November 2024

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly present the group's results for the year ended 31 July 2024, followed by Q&A.

Chris Barnes, CEO
00:16 - Introduction
03:31 - FY 2024 highlights
07:42 - UK Market
10:54 - US rail market

Andrew Kelly, CFO
13:20 - FY2024 financial highlights
16:41 - Divisional performance
18:43 - Cash position
19:53 - Operating model transformation
22:33 - Growth strategy

Chris Barnes, CEO
24:03 - Contract wins & pipeline growth

Andrew Kelly, CFO
34:41 - Summary & outlook

37:34 - Q&A

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis's products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

• Rail Technology & Services: A software, technology and product led business. It develops and supplies software that solves complex resource, asset optimisation and control problems for Train Operators, and smart ticketing, delay repay and other retail software to improve the customer experience for rail users. It also develops remote condition monitoring hardware, data acquisition software, and safety and risk management software for rail infrastructure providers.
• Data, Analytics, Consultancy & Events: A largely services led business that focuses on data capture, data analytics, GIS, earth observation, data insights, consultancy and event traffic management within a range of transport and pedestrian rich environments. The business provides technology and bespoke products and data that underpin large scale intelligent transport systems, smart city planning and positive environmental decision making.

Tracsis has a blue-chip client base which includes all major UK transport owning groups, Network Rail, Passenger and Freight Train Operating Companies, the Department for Transport, TfL, multiple local authorities, major outdoor music and sporting event organisers, and a wide variety of large engineering and infrastructure companies. In North America our clients include Class 1 rail freight companies, transit operators, shortline railroads and several large rail served ports and industrials.

The business drives growth both organically and through acquisition and has made seventeen acquisitions since 2008.

For more information on Tracsis please visit http://www.tracsis.com

Creightons (CRL) Interim results presentation - November 2024

Creightons Group Managing Director, Pippa Clark and Director of Finance, Qadeer Mohammed present the group's results for the six months ended 30 September 2024, followed by a Q&A session with them both and Paul Forster, Non-Executive Chairman.

Pippa Clark, Group Managing Director
00:16 - Introduction
00:43 - About Creightons
02:48 - Operational highlights
04:45 - Financial highlights

Qadeer Mohammed, Director of Finance
05:13 - Revenue streams
06:30 - Gross profit margin
07:44 - Operating profit before exceptional costs
08:40 - Cashflow movement

Pippa Clark, Group Managing Director
09:35 - Strategy summary
10:12 - Building brands
12:34 - Growing private label share
13:52 - Team & people development
15:32 - Maintaining business foundations
16:16 - R&D
18:04 - Manufacturing capability & investment
19:51 - Summary

21:54 - Q&A

Creightons plc is engaged in the development, marketing and manufacture of toiletries and fragrances. The Company operates through three business streams: private label business, contract manufacturing business and branded business. Its private label business focuses on private label products for high street retailers and supermarket chains. Its contract manufacturing business develops and manufactures products on behalf of third party brand owners. Its branded business develops, markets, sells and distributes products it has developed and owns the rights to. Its product portfolio includes bath and shower care, haircare, body care, baby and maternity, and fragrances, among others. Its services include market analysis, creative concept generation, product development, brand development, manufacturing and logistics. Its brands include Frizz No More, Volume Pro, Argan Body, Argan Smooth, Keratin Pro, Perfect Hair, Bronze Ambition, Sunshine Blonde, Beautiful Brunette and Just Hair.

DSW Capital (DSW) Half Year results presentation - November 2024

DSW Capital CEO, James Dow, CEO Designate, Shru Morris and CFO & COO, Pete Fendall present the group's results for the six-month period ended 30 September 2024, followed by Q&A.

James Dow, CEO
00:16 - Introduction
01:39 - H1 FY25 highlights
03:15 - The DSW licence model
05:47 - Current service lines

Pete Fendall, CFO & COO
06:25 - H1 FY25 financial highlights
08:48 - Income statement
10:21 - Balance sheet
11:08 - Cashflow
12:01 - Network KPI's
14:15 - Recriutment

Shru Morris, CEO designate
15:51 - Growth opportunities
18:39 - Acquisition of DR Solicitors Limited

James Dow, CEO
21:45 - Management changes
23:19 - Summary & Outlook

26:17 - Q&A

DSW Capital, owner of the Dow Schofield Watts and DR Solicitors brands, is a profitable, mid-market, challenger professional services network with a cash generative business model and scalable platform for growth. Originally established in 2002, by three KPMG alumni, Dow Schofield Watts is one of the first platform models disrupting the traditional model of accounting professional services firms. DSW Capital operates licensing arrangements with its businesses and has over 130 fee earners across 12 offices in the UK. These businesses trade primarily under the Dow Schofield Watts and DR Solicitors brands.

DSW Capital's vision is for our brands to become the most sought-after destinations for ambitious, entrepreneurial professionals to start and develop their own businesses. Through a licensing model, DSW Capital gives professionals the autonomy and flexibility to fulfil their potential.

Being part of the DSW Capital group brings support benefits in recruitment, funding and infrastructure. DSW Capital's challenger model attracts experienced, senior professionals, predominantly with a "Big 4" accounting firm or "Magic Circle" legal background, who want to launch their own businesses and recognise the value of DSW Capital's brands and the synergies which come from being part of the network.

DSW Capital aims to scale its agile model through organic growth, geographical expansion, additional service lines and acquisitions. The Directors are targeting high margin, complementary, niche service lines with a strong synergistic fit with the existing network.

Sosandar (SOS) Half Year results presentation - November 2024

Sosandar Co-CEOs, Julie Lavington and Ali Hall, and CFO, Steve Dilks, present the company's results for the six months ended 30 September 2024, followed by Q&A.

Julie Lavington, Co-CEO
00:16 - Introduction
00:56 - H1 highlights

Steve Dilks, CFO
02:17 - H2 Outlook

Ali Hall & Julie Lavington, Co-CEOs
03:58 - Store rollout
05:33 - Halo effect of stores
07:19 - First 10 weeks since opening

Steve Dilks, CFO
08:06 - Increasing margin
10:26 - H1 FY25 Financial highlights
11:27 - Income statement
12:34 - Balance sheet
13:32 - Cashflow

Ali Hall & Julie Lavington, Co-CEOs
14:28 - Product sucess
15:19 - New product categories
16:13 - Next homeware licencing partnership
17:17 - Summary & Outlook

18:19 - Q&A

Sosandar is a women's fashion brand in the UK targeting style conscious women who have graduated from lower quality, price-led alternatives. The Company offers this underserved audience fashion-forward, affordable, quality clothing to make them feel sexy, feminine, and chic. The business sells predominantly own-label exclusive product designed and tested in-house.

Sosandar's product range is diverse, providing its customers with an array of choice for all occasions across all women's fashion categories. The company sells through Sosandar.com and its own stores, and has a number of high value brand partnerships including with NEXT and Marks & Spencer.

Sosandar's success has been built on an exceptional product range, seamless customer experience and impactful, lifestyle marketing, all of which is underpinned by combining innovation with data analysis. Our growth strategy is focused on continuing to grow brand awareness and expand our addressable market and routes to market, reaching customers wherever they wish to shop. This is achieved both through direct to consumer channels and through chosen third-party partners.

Sosandar was founded in 2016 and listed on AIM in 2017. More information is available at www.sosandar-ir.com

IG Design Group (IGR) Half Year 2025 results presentation - November 2024

IG Design Group CEO, Paul Bal and CFO, Rohan Cummings present the group's results for the six months ended 30 September 2024, followed by Q&A.

Paul Bal, CEO
00:16 - Introduction
00:20 - HY2025 highlights
04:36 - HY2025 Financial summary
06:15 - Category performance
07:04 - DG Americas
12:27 - DG International

Rohan Cummings, CFO
15:40 - Group revenue
18:04 - Adjusted operating profit
19:55 - Profit & Loss
21:57 - Cash flow

Paul Bal, CEO
23:34 - Strategy
25:15 - Summary and outlook

28:21 - Q&A

IG Design Group plc is a United Kingdom-based company that is engaged in the design manufacture and distribution of celebration, craft & creative play, stationery, gifting and not-for-resale consumable products. The Company is a producer of Celebrations products, including greetings cards, gift wrap, Christmas crackers, gift bags and partyware. The Company design, manufacture and sources a range of stationery products for consumers of all ages, for use in education, commercial and home settings. Its not-for-resale consumables product combines Polaris business with Paper Twist Handle Bags. The Company’s segments include DG Americas and DG International. The DG Americas segment includes overseas operations in Asia, Australia, the United Kingdom (UK), India and Mexico, and the United States companies. The DG International segment comprises the consolidation of the separately owned UK, European and Australian businesses.

Tracsis (TRCS) Full Year 2024 results overview - November 2024

Tracsis CEO, Chris Barnes and CFO, Andrew Kelly provide an overview of the group's results for the year ended 31 July 2023.

Chris Barnes, CEO
00:22 - Operational highlights

Andrew Kelly, CFO
02:28 - Financial highlights

Chris Barnes, CEO
06:03 - Commercial successes and opportunities

Andrew Kelly, CFO
08:23 - Operating model transformation

Chris Barnes, CEO
10:24 - Outlook

Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

Tracsis’ products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.

The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

– Rail Technology & Services: A software, technology and product led business. It develops and supplies software that solves complex resource, asset optimisation and control problems for Train Operators, and Smart Ticketing, Delay Repay and other retail software to improve the customer experience for rail users. It also develops remote condition monitoring hardware, data acquisition software, and safety and risk management software for rail infrastructure providers.

– Data, Analytics, Consultancy & Events: A largely services led business that focuses on data capture, data analytics, GIS, earth observation, data insights, consultancy and event traffic management within a range of transport and pedestrian rich environments. The business provides technology and bespoke products and data that underpin large scale intelligent transport systems, smart city planning and positive environmental decision making.

Tracsis has a blue-chip client base which includes all major UK transport owning groups, Network Rail, Passenger and Freight Train Operating Companies, the Department for Transport, TfL, multiple local authorities, major outdoor music and sporting event organisers, and a wide variety of large engineering and infrastructure companies. In North America our clients include Class 1 rail freight companies, transit operators, shortline railroads and several large rail served ports and industrials.

The business drives growth both organically and through acquisition and has made seventeen acquisitions since 2008.

For more information on Tracsis please visit http://www.tracsis.com

ActiveOps (AOM) Interim results presentation - November 2024

ActiveOps Executive Chair, Richard Jeffery and CFO, Emma Salthouse present the group's results for the six months ended 30 September 2024.

Richard Jeffery, Executive Chair
00:16 - Introduction
01:37 - Key strengths
03:35 - Fidelity International case study
04:56 - H1 FY25 highlights

Emma Salthouse, CFO
06:58 - Commercial model
08:20 - H1 FY25 financial highlights
09:41 - EBITDA bridge
11:11 - SaaS ARR
13:14 - Australian Tier 1 banking customer case study
16:19 - Financial Summary

Richard Jeffery, Executive Chair
17:00 - Market drivers
18:19 - AI opportunity
21:25 - Control IQ Series 4.0
22:48 - Sales team expansion
24:57 - Addressable market
26:35 - Summary & outlook

ActiveOps is a Software as a Service business, dedicated to helping organisations create more value from their service operations. ActiveOps' Decision Intelligence software solutions are specifically designed to support leaders with the vast number of decisions they make daily in the running their operations. Our customers make better decisions and consume less time and effort making them. The outcomes are significantly improved turnaround times and double-digit improvements in productivity with backlogs of work materially reduced. Customers also leverage the capacity created to invest in transformation and development, and more efficiently utilise resources.

The Company's AI-powered SaaS solutions are underpinned by 15+ years of operational data and its AOM methodology which is proven to enhance cross departmental decision-making.

The Company has approximately 190 employees, serving a global base of enterprise customers from offices in the UK, Ireland, USA, Canada, Australia, India, and South Africa. The Group's customers are predominantly in the banking, insurance, healthcare administration and business process outsourcing (BPO) sectors, including Nationwide, TD Bank, Elevance and Xchanging.

Introduction to Concurrent Technologies plc (CNC) - November 2024

Miles Adcock CEO & Kim Garrod, CFO gives an overview for investors of Concurrent.

00:18 What it does
01:30 The business model
02:18 The market
03:20 Lifetime value of contracts
03:50 Geographic split & market sectors
04:21 Investment & growth strategy
05:31 The future

Concurrent Technologies Plc develops and manufactures high-end embedded plug-in cards and systems for use in a wide range of high-performance, long-life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest generation embedded Intel® Core™ processors, Intel® Xeon® and Intel Atom™ processors. The products are designed to be compliant with industry specifications and support many of today's leading embedded operating systems. The products are sold worldwide.

Secure Trust Bank (STB) Capital Markets Event - November 2024

Secure Trust Bank management provides an overview of its Commercial Finance Business and its role in helping the business achieve its medium-term targets.

The Commercial Finance management team outline the product offering, the size of the market, the team's track record, further growth opportunities, the recurring revenue benefits of the model, as well as their approach to structuring and risk management.

David McCreadie, CEO
00:16 - Introduction

John Bevan, Managing Director, Commercial Finance
07:04 - Introduction to commercial finance
12:01 - Business growth
13:18 - Collaborative model
15:03 - Addressable market
16:15 - Growth drivers
16:43 - Commercial finance summary

Sean Powell, National Sales Director, Commerical finance
17:10 - Business proposition
19:27 - Target market
21:29 - Hobbycraft case study
22:32 - Income growth
23:29 - Routes to market
24:58 - Market opportunity

James Hodkinson, COO, Commercial Finance
26:26 - Benefits of the relationship model
32:06 - Client satisfaction
33:46 - Client retention
34:31 - BM Steel case study

Will Airey, Head of Risk, Commercial Finance
36:01 - Specialist underwriting
38:32 - Balance sheet protection
40:28 - Case study
41:47 - Cost of risk

David McCreadie, CEO
42:40 - Summary & Outlook

44:56 - Q&A

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with over 70‐years of trading history. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and had 897 employees (full‐time equivalent) as at 30 September 2024. The Group's diversified lending portfolio currently focuses on two sectors:

(i) Business finance through its Real Estate Finance and Commercial Finance divisions, and

(ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Braemar (BMS) Half Year 2025 results presentation - November 2024

Braemar CEO, James Gundy and CFO, Grant Foley present the group's results for the six months ended 31 August 2024, followed by a Q&A session.

James Gundy, CEO
00:16 - Introduction
00:33 - H1 25 Highlights
01:57 - Investment case

Grant Foley, CFO
03:21 - Income statement
05:02 - Revenue mix
05:32 - Revenue Diversification
07:20 - Operating costs
07:55 - Liquidity
08:22 - KPIs

James Gundy, CEO
10:04 - Market and rates
12:30 - Summary & outlook

14:18 - Q&A

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.

Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.

For more information visit www.braemar.com and follow Braemar on LinkedIn.

Sosandar (SOS) Half Year 2025 Trading Update - October 2024

Sosandar Co-CEOs, Julie Lavington and Ali Hall, and CFO, Steve Dilks outline the highlights for Half Year 2025, followed by Q&A.

Julie Lavington, Co-CEO
00:16 - Introduction & Overview

Ali Hall, Co-CEO
01:46 - Strategic highlights

Steve Dilks, CFO
03:55 - Financial highlights

Julie Lavington, Co-CEO
06:03 - Outlook

06:58 - Q&A

Sosandar is a women's fashion brand in the UK targeting style conscious women who have graduated from lower quality, price-led alternatives. The Company offers this underserved audience fashion-forward, affordable, quality clothing to make them feel sexy, feminine, and chic. The business sells predominantly own-label exclusive product designed and tested in-house.

Sosandar's product range is diverse, providing its customers with an array of choice for all occasions across all women's fashion categories. The company sells through Sosandar.com and its own stores, and has a number of high value brand partnerships including with Next and Marks & Spencer.

Sosandar's success has been built on an exceptional product range, seamless customer experience and impactful, lifestyle marketing, all of which is underpinned by combining innovation with data analysis. Our growth strategy is focused on continuing to grow brand awareness and expand our addressable market and routes to market, reaching customers wherever they wish to shop. This is achieved both through direct to consumer channels and through chosen third party partners.

Sosandar was founded in 2016 and listed on AIM in 2017. More information is available at www.sosandar-ir.com.

1Spatial (SPA) Half Year 2025 results presentation - October 2024

1Spatial CEO, Claire Milverton and CFO, Stuart Ritchie present the group's results for the six-month period ended 31 July 2024.

Claire Milverton, CEO
00:16 - Introduction
02:41 - H1 FY25 highlights
05:13 - Virginia & Georgia DOT wins

Stuart Ritchie, CFO
07:41 - H1 FY25 Financial highlights
09:25 - Income statement
10:50 - Cashflow
12:43 - Regional revenue
14:21 - Recurring revenue growth
15:04 - Gross profit
15:37 - Business model evolution

Claire Milverton, CEO
16:20 - Market opportunity
17:33 - NG9-1-1
20:55 - 1Streetworks
27:01 - Outlook

1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software, solutions and business applications, primarily to the Government, Utilities and Transport sectors via the 1Spatial platform and SaaS offerings. Our solutions ensure data governance, facilitating the efficient, effective and sustainable operation of customers around the world. It allows them to master their data on any device, anywhere, anytime and can be deployed as SaaS in the cloud, on-premise, or as a hybrid of both. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.

We have two SaaS offerings for which we see considerable potential - NG9-1-1 and 1Streetworks. 1Streetworks automates the production of traffic management plans, diversion routing and asset inventory lists in the UK, producing a comprehensive, site-specific traffic management plan in just a few minutes. Our Public Safety NG-9-1-1 solution combines a powerful rules engine and data aggregator with a self-service cloud platform to support public safety entities with their data readiness needs.

1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in the UK, Ireland, USA, France, Belgium, Tunisia, and Australia.

www.1spatial.com

Eneraqua Technologies (ETP) Half Year results presentation - October 2024

Eneraqua Technologies CEO, Mitesh Dhanak and Interim CFO, James Lamb present the group's results for the six months ended 31 July 2024, followed by Q&A.

Mitesh Dhanak, CEO
00:16 - Introduction
01:49 - HY 2025 Operational highlights

James Lamb, Interim CFO
05:21 - Income statement
06:27 - Balance sheet
07:27 - Net debt bridge

Mitesh Dhanak, CEO
08:27 - Orderbook
10:27 - Solutions
12:23 - Technology IP
13:58 - Addressable market
16:34 - Growth strategy
18:00 - Case studies
20:58 - Outlook

22:52 - Q&A

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water efficiency. The Group has two divisions energy and water. Energy is the larger division, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support Net Zero and decarbonisation goals.

The water division is a growing service offering focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes.

The activities in both divisions are underpinned by the Company's wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.

The Company's main country of operation is the United Kingdom. The Company's head office is based in London with additional offices in Leeds, Washington (Sunderland), India, Spain and the Netherlands. The Company has 168 employees, with the majority employed within the UK. Eneraqua Technologies has received the London Stock Exchange's Green Economy Mark.

To find out more, please visit: www.eneraquatechnologies.com

Eneraqua Techonologies (ETP) Half Year results overview - October 2024

Mitesh Dhanak, CEO gives an overview of the interim results for the six months ended 31 July 2024.

00:25 Results highlights
01:24 Financial performance
02:18 Strategic and operational highlights
03:55 Outlook

Eneraqua Technologies plc (AIM:ETP) is a specialist in energy and water efficiency. The Group has two divisions energy and water. Energy is the larger division, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support Net Zero and decarbonisation goals.

The water division is a growing service offering focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes.

The activities in both divisions are underpinned by the Company's wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.

The Company's main country of operation is the United Kingdom. The Company's head office is based in London with additional offices in Leeds, Washington (Sunderland), India, Spain and the Netherlands. The Company has 168 employees, with the majority employed within the UK. Eneraqua Technologies has received the London Stock Exchange's Green Economy Mark.
www.eneraquatechnologies.com

Netcall (NET) Full Year 2024 results presentation - October 2024

Netcall CEO, James Ormondroyd and CFO, Richard Hughes present the group’s results for the year ended 30 June 2024.

James Ormondroyd, CEO
00:16 – Introduction
03:05 – FY24 highlights
05:55 – Liberty platform
09:31 – Market drivers
13:34 – Platform expansion
15:58 – M&A

Richard Hughes, CFO
19:25 – FY24 financial highlights
21:01 – Reccuring subscription model
22:20 – ACV
24:27 – Order book
25:26 – Revenue Growth
27:23 – Operating margins
28:33 – Cash flow
29:21 – EPS & dividends
30:06 – Net funds

James Ormondroyd, CEO
31:03 – Summary & Outlook

Netcall’s Liberty software platform with Intelligent Automation and Customer Engagement solutions helps organisations digitally transform their businesses faster and more efficiently, empowering them to create a leaner, more customer-centric organisation.

Netcall’s customers span enterprise, healthcare and government sectors. These include two-thirds of the NHS Acute Health Trusts and leading corporates including Legal and General, Lloyds Banking Group, Aon and Santander.

For further information, please go to www.netcall.com.

Made Tech (MTEC) Full Year 2024 results presentation - September 2024

Made Tech CEO, Rory MacDonald and CFO, Neil Elton present the group's results for the year ended 31 May 2024, followed by Q&A.

Rory MacDonald, CEO
00:16 - Introduction
01:04 - FY24 highlights

Neil Elton, CFO
04:32 - FY24 financial highlights
06:13 - Diversification & client rentention
08:52 - Bookings & Revenue
09:43 - Adjusted EBITDA bridge
11:58 - Balance sheet
12:39 - Cashflow

Rory MacDonald, CEO
13:47 - Operational highlights
16:02 - Clients & Industries
17:11 - Services
19:59 - Case studies
22:40 - Software products
26:03 - Case studies
28:32 - Outlook

29:44 - Q&A

Made Tech is a provider of digital, data and technology services, which enable central government, healthcare, local government organisations and other regulated industries to digitally transform.

Made Tech's purpose is to "positively impact the future of society by improving public services technology". To achieve this the company has four key strategic missions: Modernise legacy technology and working practices; Accelerate digital service and technology delivery; Drive better decisions through data and automation; and Enable technology and delivery skills to build better systems.

The Group operates from four locations across the UK - London, Manchester, Bristol, and Swansea.

More information is available at https://investors.madetech.com/

CT Automotive (CTA) Interim results presentation - September 2024

CT Automotive CEO, Simon Phillips and CFO, Anna Brown present the group's results for the half year ended 30 June 2024, followed by Q&A.

Simon Phillips, CEO
00:16 - Introduction
00:34 - About CT Automotive

Anna Brown, CFO
03:16 - HY24 Financial highlights

Simon Phillips, CEO
05:18 - HY24 Operational highlights

Anna Brown, CFO
07:06 - Income statement
09:13 - Revenue bridge
10:41 - Gross profit margin bridge
12:26 - Adjusted EBITDA bridge
13:47 - Balance sheet
14:42 - Net debt bridge
16:17 - ESG

Simon Phillips, CEO
17:09 - Operational review
19:23 - Automation
20:31 - Outlook

22:00 - Q&A

CT Automotive is engaged in the design, development and manufacture of bespoke automotive interior finishes (for example, dashboard panels and fascia finishes) and kinematic assemblies (for example, air registers, arm rests, deployable cup holders and storage systems), as well as their associated tooling, for the world's leading automotive original equipment suppliers ("OEMs") and global Tier One manufacturers.

The Group is headquartered in the UK with a low cost manufacturing footprint. Key production facilities are located in Shenzhen and Ganzhou, China complemented by additional manufacturing facilities in Mexico, Türkiye and Czechia.

CT Automotive's operating model enables it to pursue a price leadership strategy, supplying high quality parts to customers at a lower overall landed cost than competitors. This has helped the Group build a high-quality portfolio of OEM customers, both directly and via Tier One suppliers including Forvia and Marelli. End customers include volume manufacturers, such as Nissan, Ford, GM and Volkswagen Audi Group, and premium luxury car brands such as Bentley and Lamborghini. In addition, the Group supplies all our customer base with a range of products for PHEV and BEV platforms and supplies electric car manufacturers, including Rivian and a US based major EV OEM.

The Group currently supplies component part types to over 57 different models for 22 OEMs. Since its formation, the Group has been one of the very few new entrants to the market, which is characterised by high barriers to entry.

Judges Scientific (JDG) Interim results presentation - September 2024

Judges Scientific CEO, David Cicurel, CFO, Brad Ormsby, COO, Mark Lavelle and Group Business Development Director, Tim Prestidge present the group's results for the six months ended 30 June 2024, followed by Q&A.

David Cicurel, CEO
00:16 - Introduction
05:22 - Aquisition criteria and process
08:22 - H1 Key messages

Brad Ormsby, CFO
11:11 - H1 FInancial highlights
14:34 - Performance
15:16 - Financial summary
17:33 - Profit Bridge
18:13 - Balance sheet and cashflow
19:42 - Amendment of banking facilities
20:32 - Return on Total Invested Capital
21:24 - Group diversification
22:30 - Financial history

David Cicurel, CEO
23:17 - Growth Strategy
23:27 - Aquisitions

Mark Lavelle, COO & Tim Prestidge, GBDD
29:34 - Organic model

David Cicurel, CEO
40:19 - Outlook & investment case

42:36 - Q&A

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group now consists of 25 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen's Awards for innovation and export.

The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the reduction of debt, organic growth and dividends.

For further information, please visit www.judges.uk.com

Somero Enterprises (SOM) 2024 Interim results presentation - September 2024

Somero Enterprises CEO, Jack Cooney, CFO, Enzo LiCausi and COO, Jesse Aho present their interim results for the six months ended June 30, 2024, followed by Q&A.

Jack Cooney, CEO
00:16 - Introduction
00:24 - H1 2024 highlights
01:43 - Sales by territory
03:23 - Sales by product

Enzo LiCausi, CFO
04:41 - Financial highlights
06:03 - Operating results
07:13 - Financial position
08:13 - Cash flows

Jesse Aho, COO
08:59 - New products

Jack Cooney, CEO
10:20 - International growth (Europe)
10:46 - International growth (Australia)
11:07 - 2024 Outlook

12:09 - Q&A

Somero Enterprises provides industry-leading concrete-levelling equipment, training, education and support to customers in over 90 countries. The Company's cutting-edge technology allows its customers to install high-quality horizontal concrete floors faster, flatter and with fewer people. Somero® equipment that incorporates laser-technology and wide-placement methods is used to place and screed the concrete slab in all building types and has been specified for use in a wide range of commercial construction projects for numerous global blue-chip companies.

Somero pioneered the Laser Screed® market in 1986 and has maintained its market-leading position by continuing to focus on bringing new products to market and developing patent-protected proprietary designs. In addition to its products, Somero offers customers unparalleled global service, technical support, training and education, reflecting the Company's emphasis on helping its customers achieve their business and profitability goals, a key differentiator to its peers.

For more information, visit www.somero.com

SThree (STEM) FY24 Q3 Trading Update - September 2024

SThree CEO, Timo Lehne and CFO, Andrew Beach give a trading update for Q3 Full Year 2024.

Timo Lehne, CEO
00:16 - Introduction
00:26 - Highlights

Andrew Beach, CFO
01:59 - Financial highlights
02:34 - Per segment performance
03:06 - Regional performance
05:07 - Headcount
05:28 - Contract order book
05:56 - Balance sheet

Timo Lehne, CEO
06:12 - Summary and outlook

SThree plc brings skilled people together to build the future. We are the only global specialist talent partner focused on roles in Science, Technology, Engineering and Mathematics ('STEM'), providing permanent and flexible contract talent to a diverse base of over 5,400 clients (with whom we worked in the Q3 year to date period) across 11 countries. Our Group's c.2,600 staff cover the Technology, Life Sciences and Engineering sectors. SThree is part of the Industrial Services sector. We are listed on the London Stock Exchange's Main Market, trading with ticker code STEM.

Eagle Eye (EYE) Full Year 2024 results presentation - September 2024

Eagle Eye CEO, Tim Mason and CFO, Lucy Sharman-Munday present the Group's results for the year ended 30 June 2024.

Tim Mason, CEO
00:16 - Introduction
03:48 - Market opportunity
06:08 - FY24 Highlights

Lucy Sharman-Munday, CFO
07:46 - FY24 Financial highlights
08:21 - ARR growth
09:57 - FY24 Revenue analysis
12:53 - Sector split
14:23 - Income statement
16:38 - Direct profit
18:15 - Net cash bridge
19:49 - Financial summary

Tim Mason, CEO
21:28 - Geographic opportunities
22:18 - Key initiatives
22:40 - Increased focus on 'Win'
25:50 - Partnerships
28:32 - Packaged products
30:58 - EagleAI
35:11 - Case study
36:17 - People
38:23 - Summary & outlook

Eagle Eye is a leading SaaS technology company enabling retail, travel and hospitality brands to earn the loyalty of their end customers by powering their real-time, omnichannel and personalised consumer marketing activities.

Eagle Eye AIR is a cloud-based platform, which provides the most flexible and scalable loyalty and promotions capability in the world. More than 850 million personalised offers are executed via the platform every week, and it currently hosts over 500 million loyalty member wallets for businesses all over the world. Eagle Eye is trusted to deliver a secure service at hundreds of thousands of physical POS destinations worldwide, enabling the real-time issuance and redemption of promotional coupons, loyalty offers, gift cards, subscription benefits and more.

The Eagle Eye AIR platform is currently powering loyalty and customer engagement solutions for enterprise businesses all over the world, including Asda, Tesco, Morrisons, Waitrose and John Lewis & Partners, JD Sports, Pret a Manger, Loblaws, Southeastern Grocers, Giant Eagle, and the Woolworths Group. In January 2024, Eagle Eye launched EagleAI, a next-generation data science solution for personalisation, already being used by leading retailers worldwide including Carrefour, Auchan and Pattison Food Group. Web - www.eagleeye.com.

The Pebble Group (PEBB) Half Year results presentation - September 2024

The Pebble Group CEO, Chris Lee and CFO, Claire Thomson present the group's results for the six months ended 30 June 2024, followed by Q&A.

Chris Lee, CEO
00:16 - Introduction
01:19 - Market Opportunity
02:33 - Investment case
03:37 - HY24 highlights

Claire Thomson, CFO
04:52 - HY24 financial highlights
05:25 - Key financial dynamics
05:56 - Income statement
06:15 - Balance sheet
06:43 - Cash flow
07:13 - Use of capital

Chris Lee, CEO
08:26 - Facilis Group performance

Claire Thomson, CFO
15:45 - Brand addition performance

Chris Lee, CEO
18:16 - ESG
20:09 - Summary & Outlook

21:12 - Q&A

The Pebble Group is a provider of digital commerce, products and related services to the global promotional products industry, comprising two differentiated businesses, Facilisgroup and Brand Addition, focused on specific areas of the promotional products market. For further information, please visit www.thepebblegroup.com.

Inspired PLC (INSE) FY24 Interim results overview - September 2024

Mark Dickinson, CEO, gives an overview of Inspired's interim results for the period ending 30th June 2024.

00:00 Opening
00:23 Overview
00:53 Financial highlights
01:28 Ignite Deed of Variation
02:00 Divisional performance: Assurance Services
02:38 Divisional performance: ESG Services
03:28 Divisional performance: Optimisation Services
05:20 Divisional performance: Software Services
05:50 Summary & Outlook

Inspired PLC is a United Kingdom-based technology enabled service provider supporting businesses in their drive to reduce energy consumption, deliver net-zero, control energy costs and manage their response to climate change. Its segments include Assurance, Optimisation, Software and ESG. Assurance segment provides services that include the review, analysis and negotiation of gas and electricity contracts on behalf of clients in the United Kingdom and Ireland. Optimisation segment is focused on the optimisation of a client's energy consumption and provides services that include forensic audits, energy efficiency projects and water solutions. Software segment comprises the provision of energy management software to third parties. ESG segment manages the data collection and validation of consumption data to provide the resources for the creation of mandatory ESG disclosures, such as Streamlined Energy and Carbon Reporting and Task Force on Climate related Financial Disclosures reporting.

Tribal Group (TRB) Half Year results presentation - August 2024

Tribal Group CEO, Mark Pickett & CFO, Diane McIntyre present interim results for the six months ended 30 June 2024.

00:00 Opening

Mark Pickett, CEO
00:18 Introduction to Tribal
01:40 H1 overview
03:52 New wins & successful implementations

Diane McIntyre, CFO
06:33 Financial performance summary
08:38 Segments: SIS & ETIO
12:33 Cashflow
14:07 Summary of financial performance

Mark Pickett, CEO
14:50 The strategy
23:23 Summary & Outlook for H2 2024

Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio includes Student Information Systems; a broad range of education services covering quality assurance, peer review, benchmarking and improvement; and student surveys that provide the leading global benchmarks for student experience. Working with Higher Education, Further and Tertiary Education, schools, Government and State bodies, training providers and employers, in over 55 countries; Tribal Group’s mission is to empower the world of education with products and services that underpin student success.

H&T Group (HAT) Half Year results presentation - August 2024

H&T Group CEO, Chris Gillespie and CFO, Diane Giddy present the group's results for the six months ended 30 June 2024, followed by Q&A.

Chris Gillespie, CEO
00:16 - Introduction
00:34 - H1 Overview
01:36 - About H&T Group
03:27 - Product offering & profit contribution
03:59 - Physical stores & digital platform

Diane Giddy, CFO
05:13 - H1 Financial summary
07:54 - Income statement
08:53 - Balance sheet
09:58 - Cashflow
10:49 - Segmental performance

Chris Gillespie, CEO
17:33 - Maxcroft acquisition
19:29 - Store estate
23:41 - Retail strategy
26:22 - Macroeconomic factors
27:21 - H&T investment case
29:46 - Summary & outlook

31:55 - Q&A

H&T is the UK's largest pawnbroker, a leading retailer of high quality new and pre-owned jewellery and pre-owned watches and provides a range of financial products tailored for a customer base which has limited access to or is excluded from the traditional banking sector. These products include Pawnbroking, Retail and Foreign Currency.

H&T's store estate of over 280 stores across the UK provide customers with small-sum short-term non-recourse pawnbroking loans secured by pledged personal property, which consists primarily of gold, jewellery items and watches. H&T also buys and sells new and pre-owned gold, jewellery items and watches along with providing foreign currency exchange, international money transfer, third-party cheque encashment and watch repair services to its customers.

H&T is regulated by the Financial Conduct Authority for its pawnbroking activities.

H&T's common stock (ticker symbol "HAT") is traded on AIM, which is the London Stock Exchange's market for small and medium size growth companies.

For more information regarding H&T and the services the Group offers, please visit H&T's website at http://handt.co.uk.

Secure Trust Bank (STB) Interim results presentation - August 2024

Secure Trust Bank CEO, David McCreadie and CFO, Rachel Lawrence present their results for the six months to 30 June 2024, followed by Q&A.

David McCreadie, CEO
00:22 - Introduction
01:01 - H1 2024 overview

Rachel Lawrence, CFO
08:02 - Income statement
09:42 - Net interest margin
1!:04 - Cost of funds
11:39 - Operating expenses
12:42 - Project Fusion cost savings
13:35 - Impairment charges and provisions
16:34 - Balance sheet
17:53 - Capital
18:14 - Funding and Liquidity

David McCreadie, CEO
18:50 - Strategic focus
19:11 - Strategic progress
23:53 - Retail Finance
25:39 - Vehicle Finance
27:05 - Real Estate Finance
28:13 - Commercial Finance
29:43 - Savings
30:44 - Summary and outlook

32:48 - Q&A

Secure Trust Bank PLC is a United Kingdom-based retail bank. The Company’s segments include Real Estate Finance, Commercial Finance, Vehicle Finance and Retail Finance. Real Estate Finance is engaged in lending secured against property assets to a maximum 70% loan-to-value ratio, on fixed or variable rates over a term of up to five years. Commercial Finance is engaged in lending predominantly against receivables, typically releasing 90% of qualifying invoices under invoice discounting facilities. Other assets can also be funded either long or short-term and for a range of loan-to-value ratios alongside these services. Vehicle Finance include hire purchase lending for used cars to prime and near-prime customers and Personal Contract Purchase lending into the consumer prime credit market, both secured against the vehicle financed. Retail Finance provides online e-commerce service to retailers, providing unsecured lending products to prime United Kingdom customers.

Secure Trust Bank (STB) Interim results overview - August 2024

David McCreadie, CEO gives an overview of the interim results for the period ending 30th June 2024.

00:26 Summary of the period
01:26 Highlights
02:23 Efficiencies & cost saving targets
03:10 Risk adjusted margins
03:50 Tangible book value & dividend
04:10 Strategic progress
06:16 Retail Finance
07:03 Vehicle Finance
07:32 Business Finance
08:09 Commercial Finance
08:47 Savings capability to support lending
09:17 Outlook

Secure Trust Bank PLC is a United Kingdom-based retail bank. The Company’s segments include Real Estate Finance, Commercial Finance, Vehicle Finance and Retail Finance. Real Estate Finance is engaged in lending secured against property assets to a maximum 70% loan-to-value ratio, on fixed or variable rates over a term of up to five years. Commercial Finance is engaged in lending predominantly against receivables, typically releasing 90% of qualifying invoices under invoice discounting facilities. Other assets can also be funded either long or short-term and for a range of loan-to-value ratios alongside these services. Vehicle Finance include hire purchase lending for used cars to prime and near-prime customers and Personal Contract Purchase lending into the consumer prime credit market, both secured against the vehicle financed. Retail Finance provides online e-commerce service to retailers, providing unsecured lending products to prime United Kingdom customers.

Hill & Smith (HILS) Half Year results presentation - August 2024

Hill & Smith Executive Chair, Alan Giddins and Chief Financial Officer, Hannah Nichols present the group’s results for the six months ended 30 June 2024.

Alan Giddins, Executive Chair
00:16 – H1 2024 highlights

Hannah Nichols, Chief Financial Officer
02:25 – H1 2024 financial highlights
04:15 – Group Overview
05:23 – Divisional performance
12:16 – Cash generation
14:28 – Financial framework

Alan Giddins, Executive Chair
15:46 – US end markets
19:49 – M&A update
22:07 – Investment case
24:20 – Outlook

Hill & Smith PLC is a leading provider of sustainable infrastructure products and services. The Group employs c.4,500 people worldwide with the majority employed by its autonomous, agile, customer focussed operating businesses based in the UK, USA, Australia and India. The Group office is in the UK and Hill & Smith PLC is quoted on the London Stock Exchange (LSE: HILS.L).

The Group’s operating businesses are organised into three main business divisions:

Galvanizing Services: increasing the sustainability and maintenance free life of steel products including structural steel work, lighting, bridges and other products for industrial and infrastructure markets.

Engineered Solutions: supplying engineered steel and composite solutions for a wide range of infrastructure markets including power generation and distribution, marine, rail and housing. The division also supplies engineered pipe supports for the water, power and liquid natural gas markets and seismic protection solutions.

Roads & Security: supplying products and services to support road and highway infrastructure including temporary and permanent road safety barriers, intelligent traffic solutions, street lighting columns and bridge parapets. In addition, the division includes two businesses which are market leaders in the provision of off-grid solar lighting and power solutions. The security portfolio includes hostile vehicle mitigation solutions, high security fencing and automated gate solutions.

NWF Group (NWF) Full Year 2024 results presentation - July 2024

NWF Group CEO, Chris Belsham and CFO, Katie Shortland present the group's results for the year ended 31 May 2024.

Chris Belsham, CEO
00:16 - Introduction
02:32 - Full Year highlights
03:56 - Operating highlights

Katie Shortland, CFO
10:43 - Income statement
14:29 - Balance sheet
15:47 - Pension summary
16:28 - Cash flow
17:04 - Net debt

Chris Belsham, CEO
17:50 - Purpose, Mission and Values
19:34 - ESG
20:08 - Strategy
23:00 - M&A

Katie Shortland, CFO
26:25 - Lymedale warehouse investment

Chris Belsham, CEO
28:31 - Investment case
29:18 - Summary and outlook

NWF Group plc is a specialist distributor of fuel, food, and feed across the United Kingdom. The principal activities of the Company and its subsidiaries are the sale and distribution of fuel oils, the warehousing and distribution of ambient groceries, and the manufacture and sale of animal feeds. The Company’s segments include Fuels, Food, and Feeds. The Fuels segment is engaged in the sale and distribution of domestic heating, industrial and road fuels. The Food segment is engaged in the warehousing and distribution of clients’ ambient grocery and other products to supermarkets and other retail distribution centers. The Feeds segment is engaged in the manufacture and sale of animal feeds and other agricultural products. The Company operates through its subsidiaries, which include NWF Agriculture Limited, New Breed (UK) Limited, Boughey Distribution Limited, and NWF Fuels Limited.

Information for investors, including analyst consensus forecasts, can be found on the Group’s website at www.nwf.co.uk .

Creightons (CRL) FY24 results presentation - July 2024

Creightons Group Managing Director, Pippa Clark and Director of Finance, Qadeer Mohammed present the group’s results for the year ended 31 March 2024. Followed by a Q&A session with them both and Martin Stevens, Group Manufacturing Director/Deputy MD & Paul Forster, Non-exec Chairman.

00:00 – Opener

Pippa Clark, Group Managing Director
00:16 – Introduction
00:40 – Overview of Creightons
02:42 – FY24 Financial highlights
03:17 – FY24 Operational highlights

Qadeer Mohammed, Director of Finance
05:16 – FY24 financial summary
07:29 – Revenue
09:22 – Operating profit
10:41 – Cash generation
11:59 – Working capital
12:55 – Impairment of Emma Hardie brand value
13:48 – Dividend

Pippa Clark, Group Managing Director
14:21 – Strategy
14:36 – Private label development
16:16 – Development of core brands
20:04 – Expansion with new brands
20:55 – R&D Investment
22:51 – Digital sales
25:12 – Manufacturing strategy
26:16 – ESG targets
27:07 – Summary and outlook

29:03 – Q&A

Creightons plc is engaged in the development, marketing and manufacture of toiletries and fragrances. The Company operates through three business streams: private label business, contract manufacturing business and branded business. Its private label business focuses on private label products for high street retailers and supermarket chains. Its contract manufacturing business develops and manufactures products on behalf of third party brand owners. Its branded business develops, markets, sells and distributes products it has developed and owns the rights to. Its product portfolio includes bath and shower care, haircare, body care, baby and maternity, and fragrances, among others. Its services include market analysis, creative concept generation, product development, brand development, manufacturing and logistics. Its brands include Frizz No More, Volume Pro, Argan Body, Argan Smooth, Keratin Pro, Perfect Hair, Bronze Ambition, Sunshine Blonde, Beautiful Brunette and Just Hair.

SThree (STEM) Investor Briefing: ECM Explained - July 2024

SThree CEO, Timo Lehne, CFO, Andy Beach, Chief Legal Officer, Kate Danson and Client Director, Rakesh Patel provide an overview of the group's Employed Contractor Model (ECM) offering, outlining the demand for employed contractors, the details of providing the service, and the impact of the Technology Improvement Programme (TIP) on this segment of the business.

Timo Lehne, CEO
00:16 - Introduction
03:48 - SThree's resourcing solutions

Rakesh Patel, Client Director
09:09 - ECM Structural growth drivers
11:14 - Case studies
12:24 - ECM Growth

Kate Danson, Chief Legal Officer
14:10 - Regulatory complexity & risk mitigation
16:59 - Infrastructure requirements

Andy Beach, CFO
18:22 - Financial dynamics
20:07 - Technology Improvement Programme (TIP) impact 

Timo Lehne, CEO
21:23 - M&A opportunities
22:39 - Key takeaways

SThree plc brings skilled people together to build the future. We are the only global specialist talent partner focused on roles in Science, Technology, Engineering and Mathematics ('STEM'), providing permanent and flexible contract talent to a diverse base of over 7,200 clients across 11 countries. Our Group's c.2,600 staff cover the Technology, Life Sciences and Engineering sectors. SThree is part of the Industrial Services sector. We are listed on the London Stock Exchange's Main Market, trading with ticker code STEM.

SThree (STEM) Half Year 2024 results presentation - July 2024

SThree CEO, Timo Lehne and CFO, Andrew Beach present half year results for the period ended 31 May 2024.

Timo Lehne, CEO
00:16 - Introduction
02:52 - HY24 Highlights

Andrew Beach, CFO
04:20 - Net fee & operating profit performance
07:43 - Regional mix & skill mix
08:45 - Net fees by service
09:23 - Contract order book
10:38 - Productivity
11:03 - Technology improvement programme expenditure
11:57 - Operating profit bridge
12:33 - Net cash
12:54 - Capital allocation policy
13:14 - Financial summary

Timo Lehne, CEO
14:15 - Strategic pillars
14:37 - Market investment
15:39 - Technology improvement programme progress
17:35 - People
19:11 - Market position
19:58 - ESG
21:00 - Summary & outlook

SThree plc brings skilled people together to build the future. We are the only global specialist talent partner focused on roles in Science, Technology, Engineering and Mathematics (STEM), providing permanent and flexible contract talent to a diverse base of nearly 4,800 clients (with whom we worked in H1 FY24) across 11 countries. Our Group's circa 2,600 staff cover the Technology, Life Sciences and Engineering sectors. SThree is part of the Industrial Services sector. We are listed on the London Stock Exchange's Main Market, trading with ticker code STEM.