Archive for December 2019

This video can be seen at: https://www.piworld.co.uk/2019/12/23/biome-biom-presentation-at-mello-london-november-2019/

 

By Paul Mines CEO, Biome Technologies plc

Introduction – 00:17
Group overview – 00:30
Addressing global trends – 00:46
Group profile – 01:16
2019 highlights – 01:32
Investment proposition – 02:43
Biome Bioplastics  – 03:49
Bioplastics a changing market – 03:51
The business – 08:39
Bioplastics growth – 11:05
Industrial biotechnology – 12:30
Stanelco RF Technologies – 15:05
Fibre-optic furnaces – 16:02
Strategy & potential – 16:46
Financials – 17:19
Group: key data – 18:10
KPI’s – 18:51
2019 placing = 19:44
Investment proposition – 20:26
Q&A – 21:22

 

Biome Technologies plc is a United Kingdom-based company engaged in the development of its business in bioplastics. The Company’s operations are focused in two areas: Bioplastics and Radio Frequency (RF). The Company operates through three segments: Bioplastics, RF Technologies and Central costs. The Bioplastics division consists of Biome Bioplastics Limited and Aquasol Limited. The Bioplastics division supplies a range of bioplastic resins that replace existing oil based materials in a range of applications, such as flexible films, molded products, extruded sheets and food wraps. The RF Technologies division consists of Stanelco RF Technologies. RF Technologies division involves the design and manufacture of electrical/electronic systems based on advanced radio frequency technology. The Central costs division consists of senior management, corporate and administration functions, as well as facilities costs.

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Blue Whale Q&A December 2019

This video can be seen at: https://www.piworld.co.uk/2019/12/20/blue-whale-qa-december-2019/

 

Stephen Yiu, Chief Investment Officer, answers investors’ questions, sent into him.

The fund’s performance to date – 01:11
How does fx affect the fund? – 02:53
Companies jump in and out of the top 10, can you explain why? – 06:01
What is your view on timing the markets and volatility? – 11:13
Do you think some US stocks are in a bubble? – 15:54
Can you expand on Blue Whale’s managed funds category? – 20:54
Is there an opportunity cost of holding cash in the fund? – 22:20
What is your key man risk policy? – 25:43
Doesn’t frequent trading impact returns? – 27:00
What are your expectations for 2020? – 30:45

NOTE: All performance and ranking data is accurate as at midday on 10th December 2019.

Blue Whale investment objective: The investment objective of the fund is to achieve capital growth over the long-term by investing in equities on a global basis, with a current focus on developed markets. The portfolio will be concentrated, generally comprising between 25 to 35 stocks. In our view investments must fall into the below criteria in order to qualify for selection within the portfolio: 1. The business must be fundamentally attractive, this means • it has the ability to grow and improve profitability over the long term • it must not face structural or imminent cyclical issues 2. The business must have an attractive price; • the business must have a current valuation that is attractive relative to its future growth and profitability • we expect the business to receive favourable revisions of medium-term consensus growth and profitability expectations These criteria enable the Investment Manager to select investments from a broad range of geographies and sectors with no particular sector or style bias. The Investment Manager will conduct detailed bottom-up fundamental research on each potential investment and in most cases produce their own financial model and forecasts of future performance. Blue Whale fact shee: https://bluewhale.co.uk/factsheet/

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This video can be seen at: https://www.piworld.co.uk/2019/12/18/polar-capital-global-healthcare-trust-pcgh-mello-london-november-2019/

 

By Gareth Powell, Co-Head healthcare team.

 

Gareth presents an overview of the healthcare sector including innovations, the political landscape in the US and the fund.

Introduction – 00:18
Why Healthcare? - 00:50
Immuno-oncology - 00:11
AstraZeneca - 02:24
Targeted Oncology - 03:37
Loxo Oncology - 04:05
Robots - 04:25
Stryker – 05:29
Why invest in Healthcare? - 05:31
Historical sector performance - 05:38
Sentiment & flows - 06:39
US politics & landscape  - 07:11
Healthcare is being disrupted - 10:35
Innovation - 11:20
Diabetes management example - 11:52
Why Polar Capital? - 15:13
The team - 15:43
Products - 15:46
Q&A 16:32

 

Polar Capital Global Healthcare Trust plc, formerly Polar Capital Global Healthcare Growth and Income Trust plc, is a United Kingdom-based investment trust company. The Company's investment objective is to generate capital growth by investing in a global portfolio of healthcare stocks. The Company seeks to achieve its objective by investing in a diversified global portfolio, consisting primarily of listed equities issued by healthcare companies involved in pharmaceuticals, healthcare services, medical technology and biotechnology. The portfolio is diversified by geographic location and size of investee companies. The Company’s investment manager is Polar Capital LLP.

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This video can be seen at: https://www.piworld.co.uk/2019/12/13/ilika-ika-capital-markets-day-december-2019-solid-state-battery-technology/

 

The CMD was held to enable investors to meet management and see the newly opened facilities in Hampshire.  The roadmap for the future was outlined, where solid state batteries are important to EV development, but also for other early adopters, such as consumer electronics and domestic appliances.  Guest speakers were Asad Farid, Analyst,  Berenberg, on battery technology and the costs.  And, Adam Collins, Analyst Liberum, about the EV road map.

For those who just want a flavour of the day, and the key messages, just watch the short highlights video, (18sec-4m30s).

 

Short 4-minute highlights & site visit to new facility – 00:18-04:30

 

The full footage of the IKA Capital Markets Day – 04:30

 

Graeme Purdy, CEO

Introduction – 04:30
Ilika business overview & history – 05:10
Energy storage solutions – 08:05
Stereax product evolution – 10:03
Stereax commercial highlights – 13:05
Stereax development & manufacturing partners – 15:14
Ilika business model – 17:06
Goliath market needs for EVs – 19:30
Battery technologies: size and weight – 22:20
Solid-state batteries: advantages & challenges – 24:38
Solid-state competitive landscape – 26:49
Unit cost analysis /kWh – 29:42
How can Ilika beat the competition? – 30:44
Timeline – 35:15
Financial summary for H1 – 37:58
Summary – 40:43

 

Asad Farid, Analyst, Berenberg

Battery technology and costs – 42:13

 

Adam Collins, Analyst, Liberum

The EV battery roadmap – 01:55:57

 

Q&A – 01:12:32

 

Ilika plc is the holding company. The Company is engaged in the production, design and development of high throughput methods of material synthesis, characterization and screening. It has developed solid-state battery technology to meet the demands of the Internet of Things (IoT). The Company has materials development programs addressing a range of applications, including the solid-state battery, aerospace alloys and electronic materials. It has developed a type of lithium-ion battery, which, instead of using the usual liquid or polymer electrolyte, uses a ceramic ion conductor. It offers Stereax M250 rechargeable, thin film battery. It has applications in autonomous sensor devices, smart homes (heating, ventilation and air conditioning (HVAC), security, light), automotive (infotainment, sensors), logistics (asset tracking), medical devices (biometric monitoring) and wearables. It is also developing superalloys, self-healing alloys and smart materials for electronic data storage.

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This video can be seen here: https://www.piworld.co.uk/2019/12/06/the-market-maker-part-2-more-insights-into-how-market-makers-set-the-price/

 

Spencer Crooks, ex Director of Market Making at Winterfloods talks to Tamzin Freeman.

We learn a little more about dark pools, tree shakes and much more. And yes, market makers can and do get it wrong!

Do you invest your own money? And how do you get the best price? – 00:28
What do you do on a profit warning? - 01:40
What are the tricks to the trade? - 05:40
Has regulation changed market making? - 07:05
Liquidity - 08:28
How do you see the future of the market? - 11:28
Dark pools - 16:13
Tree shakes - 18:54
Spoofing and layering - 22:36
Algorithmic trading - 26:04
RSP (Retail Sales Price) - 29:09
Direct market access - 35:23
How often does the market maker get it wrong? - 36:43   

About Spencer Crooks: Joined Bisgood Bishop in 1985. After takeover of Bisgood Bishop, traded at County NatWest until 1988, before leaving to join Winterflood Securities. Became a director in August 1999. Appointed FSI 2006.  

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This video can be seen at: https://www.piworld.co.uk/2019/12/06/sosandar-sos-h1-results-presentation-november-2019/

 

CO-CEO & Co-Founder Julie Lavington and Head of Finance, James Bowling present the company’s interim results to 30th September 2019.

 

Julie Lavington

Introduction & Overview – 00:18

James Bowling

Financial review – 02:29
Income statement – 02:33
H1 revenue progression - 02:43
Repeat order growth - 03:04
Investment in team & marketing - 03:42
Growing lifetime revenues - 04:29
Customer growth - 05:08
KPI’s - 05:44
Gross profit - 07:16
Average order value & margin - 07:46
Balance sheet - 08:17
Julie Lavington

Stronger foundations for growth - 09:01
Investment in team - 09:12
Product range expansion - 10:36
Marketing - 13:08
TV advertising - 16:18
Celebrities - 19:18
Industry recognition - 20:25
Outlook - 22:45

Q&A 23:40

 

Sosandar PLC, formerly Orogen PLC, is a United Kingdom-based company that operates an online women’s wear platform. The Company’s clothing categories include dresses, jackets and coats, knitwear, shirts and blouses, tops, skirts, trousers, jeans, leggings, footwear, leather and suede, occasion wear, work wear, autumn trends, velvet and holiday shop. Its footwear products include Pewter Metallic Chelsea Boot, Red Leather Ankle Boot, Velvet Cylinder Heel Ankle Boot, Black Leather Stud Detail Ankle Boot, Black Suede Closed Toe Mule, Grey Velvet Court Shoe With Jeweled Brooch, Black Suede And Pewter Metallic Court Shoe, Black Leather Front Zip Ankle Boot, Leopard Print Leather Chelsea Boot, Steel Blue Leather Snake Print Ankle Boot And Black Suede Knee Boot. It also offers latest edit of day-to-night dresses, on-trend separates, luxe leather and outfit-topping shoes through its platform.

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This video can be seen at: https://www.piworld.co.uk/2019/12/04/internet-mobile-communications-ltd-presentation-at-mello-london-may-2019/

 

By Andrew Fox, Executive Chairman & Mark Stewart, CEO

 

Andrew Fox, Executive Chairman

Introduction – 00:18

 

Mark Stewart, CEO

Organisation chart & customers - 00:58
IMC history - 02:28
IMC What they do - 07:25
IMC/Bank of Telecom PaaS – benefits - 09:14
IMC brands - 14:11
IMC Bank of Telecom revenues & financial performance to date - 15:26
IMC vision - 17:30
IMC performance & 19/20 plan - 18:25

 

Andrew Fox, Executive Chairman

The IMC investment opportunity - 19:16
IMC share price history - 21:56

 

Q&A - 24:15

 

About IMC

Established in the UK in 2012, Internet Mobile Communications Ltd (‘IMC’) is a FinTech and international telecommunications business.  IMC has three divisions comprising International Carrier Services and settlements, Retail and Mobile Marketing, with presence in the UK, Moldova, Chile, India and Malta.

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This video can be seen at: https://www.piworld.co.uk/2019/12/03/blue-whale-capital-investor-presentation-at-mello-london-november-2019/

 

Blue Whale Capital investor presentation at Mello London November 2019
Presented by Stephen Yiu, Chief Investment Officer

Stephen outlines the investment objectives of the Blue Whale Growth Fund, and how they achieve their market beating performance.

 

What Blue Whale do? – 00:23

Flagship fund – Blue Whale Growth - 03:05

Investment process – significant out performance focussed - 04:02

Invest in high quality businesses - 05:47

What an attractive price means - 10:10

Portfolio construction – invest in what we know best - 17:20

What drives us to sell? - 20:28

How do we define risks? - 21:45

How we work as a team - 23:36

Portfolio characteristics - 25:10

Portfolio positions & Performance - 27:24

 

Blue Whale investment objective: The investment objective of the fund is to achieve capital growth over the long-term by investing in equities on a global basis, with a current focus on developed markets. The portfolio will be concentrated, generally comprising between 25 to 35 stocks. In our view investments must fall into the below criteria in order to qualify for selection within the portfolio: 1. The business must be fundamentally attractive, this means • it has the ability to grow and improve profitability over the long term • it must not face structural or imminent cyclical issues 2. The business must have an attractive price; • the business must have a current valuation that is attractive relative to its future growth and profitability • we expect the business to receive favourable revisions of medium-term consensus growth and profitability expectations These criteria enable the Investment Manager to select investments from a broad range of geographies and sectors with no particular sector or style bias. The Investment Manager will conduct detailed bottom-up fundamental research on each potential investment and in most cases produce their own financial model and forecasts of future performance.

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This video can be seen at: https://www.piworld.co.uk/2019/12/02/ig-design-group-igr-h1-results-presentation-2019/

Presented by Paul Fineman, CEO & Giles Willits, CFO

Paul and Giles run through a strong set of H1 results, in spite of Brexit and China headwinds. They continue to grow margins, through creating value for customers. EPS growth at a lower percentage than PTP growth, simply down to month weightings on the Impact acquisition. Going forward they look to achieve on-going double digit earnings growth, greater than 75% cash conversion and ROCE greater than 24%. To be achieved through both organic growth and acquisition.

Paul Fineman, CEO

Half year highlights - 00:27
Revenue breakdown - 02:29

Giles Willits, CFO

Financial overview - 03:50
P&L - 05:29 Profit growth in key territories - 07:56
Cash flow - 12:05
Balance sheet reflects adoption of IFRS16 - 13:39
Brexit & China tariffs - 15:17
Future targets - 18:28

Paul Fineman, CEO

The strategy - 20:38
Experienced decentralised team - 24:28
Creating value for customers - 25:31
Opportunities by category & geography - 26:19
Acquisitions – 29:11
H2 focus - 32:21
Why invest? - 34:12

Q&A – 35:07

 

IG Design Group plc, formerly International Greetings plc, is engaged in the design, manufacture and distribution of gift packaging and greetings; stationery and creative play products, and design-led giftware. The Company's geographic segments include UK and Asia; Europe; USA, and Australia. The Company sells its products in over 150,000 stores across approximately 80 countries. It also offers a portfolio of licensed and customer bespoke products suitable for sale through multi channel distribution. The Company's products include crackers, pens and pencils, stickers, single cards and gift wrap. The Company offers its products under the brands A Star, B Stationery, Papercraft and Pepperpot. Its subsidiaries include Artwrap Pty Ltd, International Greetings UK Ltd, International Greetings USA, Inc, International Greetings Asia Ltd, The Huizhou Gift International Greetings Company Limited, Hoomark BV, Anchor International BV and Hoomark S.p.z.o.o.

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This video can be seen at: https://www.piworld.co.uk/2019/12/02/1pm-opm-investor-presentation-at-mello-london-november-2019/

 

Ian Smith, CEO and Ed Rimmer, COO give an overview of the business, and their strategy to grow from £140m loan book, to £350m by 2024.

 

Ian Smith, CEO

Introduction – 00:18
Who we are & what we do - 01:16
Market positioning - 02:46
Four operating divisions - 03:19
Core competencies - 07:10

Ed Rimmer, COO

The business model - 10:19
Financial highlights - 14:23
Strategic plan - 19:21
Management team - 25:47
Competition - 30:08
Summary - 31:47

Q&A – 33:25

1pm plc is a holding company. The Company provides financial services to the United Kingdom businesses. The Company finances a range of business assets to small and medium sized enterprises (SMEs). The Company offers small business loans, lease finance and hire purchase. The Company's leasing portfolio consists of a mixture of sectors and assets, such as garages, cleaners, fish and chip shops, and beauty salons. The Company offers equipment finance and hire purchase finance for various assets, such as Beauty equipment; Cleaning equipment; Manufacturing equipment; Medical equipment; Gym equipment; Catering/kitchen equipment; Restaurant/cafe/pub equipment; Copiers, faxes, scanners, projectors and printers; Security systems; Construction equipment; Furniture; Computers/Servers and hardware, and Telecoms equipment. The 1pm SME loan product is available to various businesses. The money borrowed can be used for various purposes, such as Audit fees, cash flow and Website design.

 

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