Archive for June 2020

This video can be seen at:


By Frank Sagnier, CEO & Rashid Varachia, CFO

A comprehensive overview illustrating significant progress across the Group. Growth in revenues, gross profit and digital sales. The period included the acquisition of Slightly Mad Studios. The outlook includes a strong pipeline of game releases and next generation platform for Microsoft & Sony. Trading has begun well.

Introduction - 00:33
About Codemasters – 00:57
CDM strategy - 01:40
CV19 response - 02:03
FY2020 highlights – 03:26
Financial highlights – 18:41
Outlook – 25:03
Summary – 37:00
Q&A – 38:10

Codemasters Group Holdings PLC, formerly Codemasters Group Holdings Limited, is a United Kingdom-based video game developer and publisher. Through its subsidiary, The Codemasters Software Company Limited, the Company designs, develops and produces driving and racing games. The Company’s driving and racing games include DiRT, GRID, Micro Machines, ONRUSH and Formula 1 series of videogames. It produces Formula One’s range of games for the Playstation 4 console.

Read Full Post »

This video can be seen at:


Brooks Macdonald’s announcement of their acquisition of Lloyds Bank International’s offshore wealth management and funds business.
Presentation by CEO Caroline Connellan, Finance Director Ben Thorpe & CEO International & Group Deputy CEO Andrew Shepherd.

Caroline Connellan, CEO

Introduction – 00:17
Highlights of the Acquisition – 02:00
The strategy - 02:43

Andrew Shepherd, CEO International

Progress of the International Division - 04:00
About the Acquisition - 05:05
The quality of the business - 05:53
The fit - 07:48

Ben Thorpe, FD

Key transaction terms – 09:45
Financial benefits - 11:28

Caroline Connellan, CEO

Conclusion - 12:38

Q&A – 14:04

Read Full Post »

This video can be seen at:


A comprehensive overview of Corporate Bonds, for the retail investor who wants to invest in this asset class, but isn't sure how to go about it. Paul is an ex Bond Trader, who very generously shares his knowledge with us. Well worth the hour, if you invest in Corporate Bonds, or you'd like to consider it.

Paul’s background - 00:46
What is a bond? – 04:30
The credit spread – 09:51
How big is the bond market? - 13:53
Bond issuance & trading - 15:45
LSE ORB – Order Book for Retail Bonds - 20:20
What drives the price of a corporate bond in the secondary market? - 23:43
What does a retail investor need to know? - 27:24
Negotiating with the market maker - 32:25
What’s the key thing that can go wrong with a bond? - 33:30
Who are the main investors in the Corporate Bond market? - 34:40
Which Corporate Bond Funds or Fund Managers would you recommend? - 35:53
Is volatility as extreme in bonds as it is in equities? - 38:19
Paul’s investing & performance - 39:39

Could you offer colour on irredeemable bank preference shares? - 40:45
How liquid are bonds - 41:40
Can you find out who owns bonds and in what proportion? - 43:04
What’s the meaning of cumulative, or non-cumulative bonds? - 44:52
Comments on floating coupons - 44:56
Tax on QCB v deep discount security rules – 45:50
Could you recommend information sources on bonds? - 47:10
How does a large (£1mio) or smaller (£100k) bond portfolio differ? - 48:03
How can you find out the minimum quantity for a bond? - 49:16
Out of Aviva Preference Shares, Burford & Provident Financial which would you buy? - 50:30
Can you hold a bond in an ISA? - 51:34
What drawdown did you see in March with bonds? - 52:13
How does a retail investor start a bond portfolio? - 53:22
Why does the bond market react less quickly than the equity market? - 55:11

About Paul
Paul was Head of Sterling Credit Trading, at consecutively, RBS, Barclays Capital and Santander. He has Securities Institute Diplomas: Bonds & Fixed Interest Markets; Private Client Investment Advice & Management.

Read Full Post »

This video can be seen at:


Analyst presentation given 16th June 2020

David Meaden, CEO
Introduction & vision – 00:18
FY20 Highlights – 04:27

Rob Grubb, CFO
Financial Review – 05:45
2020 guidance – 17:53

David Meaden, CEO
HY20 Operational Highlights – 19:42
Operational strategy – 24:24
Summary & Outlook – 30:30

Read Full Post »

This video can be seen at:


Robin takes us on a bearish economic journey, giving his view for the next few years, then forward to strength driven by China and India. Based on his research, he maps out how investors can optimise their investing returns to benefit from these future trends.

Robin’s background - 00:46
Where do markets go from here? - 04:09
Deflation followed by inflation - 07:52
Will the financial system collapse with the debt? - 11:06
Will the Fed stimulus devalue the dollar? - 13:13
Where do you see Gold headed? - 16:35
What happens after 2023? - 19:05
What should investors be doing? - 27:56

Robin’s portfolio - 40:13
Why invest in gilts? – 42:28
Views on Brexit? – 43:29
Economic recovery driven by millennials? - 45:15
Gold investments - 48:23 Silver - 50:46
Which instruments do you use to short indices? - 51:55
Global political tensions: US as a single country - 53:11
Robin’s newsletter - 56:06

Email to trial Robin’s research

Link to DITA Research Page

About Robin Griffiths
Robin Griffiths is one of the world’s most experienced and highly regarded market analysts. As well as being one of the two managing editors of Dynamic Investment Trends Alert, he is also currently Head of the Multi-Asset Research & Advisory team at the ECU Group. The team was awarded 'Independent Research House of the Year' and 'Best Independent Research House for Equities' in the Technical Analyst Awards 2018, 'Best Independent Research House for Fixed Income' and 'Best Independent Research House for Emerging Markets' categories of the 2017 Technical Analyst Awards and was also finalist in four categories of the 2016 Technical Analyst Awards.

Robin began his career in the financial markets with Phillips & Drew in 1966, having taken a degree in economics at Nottingham University. He went on to become a partner at WI Carr, the first British stock broker to have offices in Hong Kong and Tokyo. Part of this firm was acquired by Grieveson Grant, with whom Robin enjoyed a stay in Japan. In 1986 Robin joined James Capel, which was already owned by HSBC. He stayed there until normal retirement age, and during that period travelled all over the world to meet their extended client base. For the last six years of that employment, Robin was resident in New York. Having left HSBC Investment Bank in 2004, Robin then joined Rathbones as head of asset allocation in 2005, where he stayed until 2007. During that period he advised Rathpeacon Management LLC – a hedge fund invested in the 500 largest Global companies.

Thereafter, he became the Technical Strategist for Cazenove Capital and managed the Worldwide Absolute Return hedge fund. Robin has been a regular on CNN, CNBC, Reuters and Bloomberg TV. He is a committee member and former chairman of the International Federation of Technical Analysts; former chairman, now fellow, of the British Society of Technical Analysts; and honorary member of the Swiss Association of Market Technicians (SAMT). Robin is also author of several notable financial market books, including Mapping the Markets, Future Storm, and has co-authored a chapter in the book Technical Analysis & Behavioural Finance in Fund Management: Discussions with Investment Managers and Analysts and Breakthroughs in Technical Analysis.  

Read Full Post »

This video can be seen at: 


Presentation by Marcus Phayre-Mudge, Fund Manager.

Marcus gives an overview of the fund, and some insight to the commercial property sector during the COVID-19 period. The fund yields 4%. At this time has a 9% discount to NAV. Worth a listen.

Introduction – 00:20
Agenda – 00:40
What are we? – 01:00
Product range – 3:17
The team – 3:41
Track record – 4:33
Standardised performance – 4:55
Dividend history – 05:06
Portfolio exposure – 06:57
Sub-sector performance – 08:05
Sub-sector positioning – 10:40
Top 20 positions equal 74% of NAV – 11:48
Fund positioning pre COVID-19 – 14:21
Physical property portfolio – 19:36
The Colonnades, Bayswater – 22:31
Ferrier street, Wandsworth – 23:55
Why it’s still ok to own(most of) this asset class now – 24:53
Outlook – 29:41
Q&A – 32:14

Read Full Post »

This video can be seen at:


Neal Gandhi (CEO) and Oliver Rigby (CFO) present an update on The Panoply, the structure, how the group is performing, the impact of CV19, and how the business will grow.

Neal Gandhi, CEO
Introduction – 00:18
Agenda – 00:34
About The Panoply – 01:14
The Group – 05:08
The value proposition – 06:23
Customers – 10:48
FY20 overview – 13:18
COVID-19 impact & response – 15:53

Oliver Rigby, CFO
Looking ahead – 19:25
Commercial vision – 19:38
Driving organic growth – 23:29
Acquisition strategy – 26:47

Neal Gandhi, CEO
Why invest – 28:40

Q&A – 32:28

Read Full Post »

This video can be seen here:


Excellent investing insight from David on current valuations, how he’s played the COVID-19 markets to date, and where an investor can find income. Forthright views on sectors, funds and the economy, which make you think. Superb investing entertainment.

David’s career & investing background – 00:42
What are your views on the market strength? – 05:15
Where have you been investing since January to date? – 09:50
Opportunities & themes on David’s watchlist – 16:57
Renewable Energy – 21:13
Gold – 24:57
Income investments including retail bonds – 31:14
Structured products – 39:00


Fundsmith and Lindsell Train Funds – 42:20
What are you views on housebuilders? – 43:28
Sectors to avoid? – 45:23
Where to find structured products? – 47:28
Recommended renewable fund – 48:11
Brexit investment strategy? – 51:13
Top publications for the retail investor – 52:52
Japanese fund – 55:03

Companies or Funds mentioned

Salesforce (NYSE: CRM), Spotify Technology (NYSE: SPOT), Microsoft (NASDAQ: MSFT), International Biotech Trust (IBT), Ryan Air (RYA), EasyJet (EZJ), Carnival Cruises (CCL), Scottish Mortgage IT (SMT); Melrose Industries (MRO); Gresham House Energy Storage Fund (GRID); Gore Street Energy Storage Fund (GSF) Polymetal International (POLY); Barra Resources (ASX: BAR); Foresight Energy LP; VT Gravis Infrastructure Fund

About David Stevenson

David has been writing the Adventurous Investor column for the FT for over a decade and is a columnist for MoneyWeek and Citywire. He’s also executive editor at and David’s blog:  

Read Full Post »

Podbean App

Play this podcast on Podbean App