Archive for May 2021

piworld interview: Ken Wotton’s Investing Principles

Ken Wotton, Managing Director, Public Equity at Gresham House, has an enviable track record as a fund manager. In this piworld interview, we learn more about how he achieves that, including the attraction of small and micro caps, how he selects companies in which to invest, the effect the pandemic had on his investing decisions, where he sees opportunities, and his views on the general market environment. This is rich fodder for all investors.

00:40 Ken’s background
02:47 Ken's funds at Gresham House
06:35 What performance Ken aspires to achieve across the funds
07:26 The attraction of the small and micro-cap sector
09:54 Market cap limits
12:13 Ken’s investing principles. How does he evaluate companies?
15:26 Valuing those companies and current valuations
20:43 Covid decisions: Loungers (LGRS), City Pub (CPC), Gym (GYM), Ten Entertainment (TEG), Everyman (EMAN)
27:28 Churn
29:08 What Ken's been selling and the opportunities
35:13 Ten Entertainment (TEG)
37:30 Inspired Energy (INSE) (Last two results presentations here)
40:18 Alpha FX (AFX) v Argentex (AGFX) (Last Argentex H1 results presentation here)
44:55 Inflation
46:51 Market volatility

Ken is Managing Director, Public Equity, and leads the investment team managing public equity investments. He is lead manager for Strategic Equity Capital plc, LF Gresham House UK Micro Cap Fund, LF Gresham House UK Multi Cap Income Fund, and manages AIM listed portfolios on behalf of the Baronsmead VCTs. Ken graduated from Brasenose College, Oxford, before qualifying as a Chartered Accountant with KPMG. He was an equity research analyst with Commerzbank and then Evolution Securities prior to spending the past 12 years as a Fund Manager at Livingbridge and now Gresham House specialising in smaller companies.

www.greshamhouse.com/individual/  

Read Full Post »

Charles Stanley full year results overview, May 2021

A short presentation by the management team summarising results, what's been achieved in the period and their objectives going forward.

Paul Abberley, CEO
00:24 – Overview

Ben Money-Coutts, CFO
01:35 – Financial Overview

Paul Abberley, CEO
05:43 – Business Transformation

Ian Sackfield, MD of IMS
06:54 – Investment Management Services

Andrew Meigh, MD of Financial Planning
08:32 – Financial Planning

John Porteous, MD of Central Financial Services
10:05 – Central Financial Services

Paul Abberley, CEO
12:43 – Outlook & Current Trading

Charles Stanley Group PLC is an investment company. The Company provides investment management services, financial planning and pension administration. The Company's segments are Investment Management Services, Asset Management, Financial Planning, Charles Stanley Direct and Support functions. The Investment Management Services division provides personal investment services to individuals, companies, trusts and charities and includes platform dealing, custody and self-invested personal pension (SIPP) and individual savings account (ISA) administration services. The Asset Management division provides specialist asset management services, through its range of pooled funds, active and passive model portfolios, inheritance tax

Read Full Post »

This is the third virtual StockSlam hosted by Damian Cannon. A very popular investor event where ten private investors ‘slam’ their best stock idea in just three minutes to a sophisticated investor audience, followed by questions which keep the slammers on their toes. Bite-sized nuggets to inspire your further research. Fast, factual and fun.

00:18 Introduction by Damian Cannon
03:00 Softcat (SCT) by Damian Cannon
09:44 Paypoint (PAY) by Jamie Streeter
16:40 CVS Group (CVSG) by D’Arcy Andrews
23:45 Ergomed (ERGO) by Lilian Nandi
31:33 Innovaderma (IDP) by Francis Evans
38:45 Just (JUST) by Dee O’Hare
45:36 Tremor International (TRMR) by Ed Croft
53:13 Orchard Funding (ORCH) by William Woodard
01:00:03 Celtic (CCP) by David O’Hara 01:07:31
Surgutneft Gas (SGGD) by Rob Mahan

The next StockSlam is Wednesday 25th June at 6pm, we hope you can join us then, registration will be available on our events page next week.  

Read Full Post »

The Artisanal Spirits Company IPO

Here, David Ridley, MD gives us an overview of The Artisanal Spirits Company, which is to IPO. The Artisanal Spirits Company is the owner of The Scotch Malt Whisky Society (SMWS), the leading curator and provider of premium single cask Scotch malt whisky and other spirits, mainly selling online. The capital raised will be used to finance the growth of the business over the next 2-3 years, including investment in stock, supply chain efficiency; membership promotion and recruitment; selective investment in existing and new venues, and investment in brand and digital development.

To apply for share visit primarybid.com

00:21 – Introduction
00:39 – Who we are
01:59 – The business model
03:27 – The history
04:30 – Performance
05:55 – The market
07:30 – The growth strategy
08:38 – The investment case

The Artisanal Spirits Company plc is the owner of The Scotch Malt Whisky Society (SMWS), the leading curator and provider of premium single cask Scotch malt whisky and other spirits for sale primarily online to a discerning and passionate global membership.
SMWS was founded in Edinburgh in 1983 by Philip "Pip" Hills as a way for its members to discover and celebrate single malt whisky straight from the cask. The single cask, single malt Scotch whiskies sold by SMWS fall exclusively within premium and above price bands, and are available exclusively to members of SMWS, with each release being limited in supply to the volume extracted from the source cask.

In 2015, The Artisanal Spirits Company acquired SMWS from Glenmorangie (part of the LVMH group). Today, SMWS has a presence in over 30 international markets, including the US and China, and celebrates 28,000 members globally.

Read Full Post »

Trond Willikson, CEO and Septima Maguire, CFO present the H1 results, the strategy and the outlook.

Trond Willikson, CEO
00:18 Introduction
00:59 H1 2021 Highlights

Septima Maguire, CFO
08:17 Financial highlights

Trond Willikson, CEO
14:40 FY21 Outlook

Benchmark Holdings plc is engaged in the provision of aquaculture health, genetics and nutrition. The Company’s segments include genetics, advanced nutrition and health. The Company develops products that helps fish and shrimp to improve their sustainability and profitability by improving yield, quality, and by reducing mortality. The Company’s products include high genetic quality ova for salmon, shrimp and tilapia, and breeding, program, specialist feeds for early stage shrimp and fish; probiotics, biocides and medicines.

Read Full Post »

A results season overview by David Thornton, Editor of Growth Company Investor and ex Fund Manager. David has interviewed 129 companies so far in 2021. He is bullish about how companies are performing expecting many to upgrade as the year goes on. For investors, he suggests a value and recovery theme rather than growth stocks. He shares his insight on six companies that have stood out for him, interestingly four have been interviewed or presented on piworld, which we link to below.

00:43 What’s been the general theme of company results?
04:37 MISSION (TMG)
08:17 Tracsis (TRCS)
11:54 Quixant (QXT)
17:03 Belvoir (BLV)
21:08 The Property Franchise Group (TPFG)
21:59 Medica (MGP)
27:20 Somero (SOM)

Links to results from companies featured by both piworld and mentioned by David:

MISSION (TMG) Full Year 2020 results overview 
https://youtu.be/Zmpxr1RPi0U

Tracsis (TRCS) 2021 
Interim results presentation: https://youtu.be/3nVTcPU36ZQ
Interim results overview: https://youtu.be/aEQ_PTO1758

Quixant (QXT) Full year 2020 results overview 
https://youtu.be/Xc9_YYaoyiQ

The Property Franchise Group (TPFG) 
Full year 2020 results presentation: https://youtu.be/WNorQSjObI8
Full year 2020 results overview: https://youtu.be/tZrV3xeyivE

Somero (SOM) Full year 2020 results presentation
https://youtu.be/STMuRAadx08

About David Thornton: Following an extensive career in the City David is Editor & Owner of Growth Company Investor (GCI), an excellent publication about Small Cap Shares. David, graduated 1982 and went into the City as a trainee UK equity investment analyst with an insurance company. 1985 started managing money at Br Gas pension fund. 1987-04 fund manager at Henderson. Spent 4 years doing US equities before returning to UK desk. 2006-12 launched and ran an East European fund at a hedge fund boutique (Russia, Turkey, Poland, Hungary, Greece etc). Doing these markets turned out to be good training for looking at the nether reaches of AIM which was his next job! 2013 onwards – financial journalism focused on UK small caps. Initially Redhot Penny Shares newsletter (part of MoneyWeek) and since 2015 Growth Company Investor (GCI). In September 2020 David acquired GCI from the original owners, Bonhill plc.

www.growthcompany.co.uk

Twitter: @growthcompany

Read Full Post »

Daemmon Reeve, CEO and Richard Hope, CFO outline H1 results where they have seen revenue up 13.5%, with gross profit margin up 880bps; very strong growth has been enjoyed from the ‘healthier living’ categories. Good trading momentum continues with encouraging order book levels and further growth opportunities. Profit before tax and exceptionals for the current year is expected to be at least £20m, exceeding the current consensus of £18m.

Daemmon Reeve, CEO
00:16 – Introduction
01:26 – Growth Drivers
06:21 – ESG

Richard Hope, CFO
08:00 – Financial Highlights

Daemmon Reeve, CEO
14:38 – Case Study: Hard Seltzers
19:26 – Market Trends
21:48 – Partnership Model
23:10 – UK Site Relocation
26:24 – Current Trading & Outlook

Daemmon Reeve, CEO
Richard Hope, CFO
27:58 – Q&A

Daemmon Reeve, CEO
56:01 – Closing Remarks

Treatt PLC is a United Kingdom-based ingredients manufacturer and solutions provider to the flavor, fragrance and consumer goods markets. The Company’s geographical segments include United Kingdom, Rest of Europe, The Americas and Rest of the World. The Company’s products include Essential oils, Citrus, Treattarome, Functional ingredients, Chemicals, Organic essential oils, Vegetable oils and Treatt brew solutions. Its Essential oils include Amyris Oil, Angelica Oil and Aniseed Oil. Treattarome products include Pineapple Treattarome, Honey Treattarome and Cucumber Treattarome. Its Citrus products include citrus oils, CitrustT, TreattZest and Citrus add-back range. Its Functional ingredients include beverage specialties, fragrance ingredients and sugar reduction products. Its chemicals include aroma chemicals, natural chemicals and Treatt Flavour Wheel. Its Vegetable oils include Borage Oil and Baobab oil. Its organic essential oils include Organic Aniseed Oil and Organic Lime Oil.

Read Full Post »

Air Partner (AIR) Full Year 2021 overview

Mark Briffa, CFO outlines AIR's FY21 results giving more colour across the different divisions, and updates on how the new financial year has started.

00:35 Overview of 2021
02:16 Current trading
04:06 The USA region
05:58 The outlook

Air Partner PLC is a United Kingdom-based aviation services company. The Company provides worldwide solutions to industry, commerce, governments and private individuals. The Company has two divisions: Charter division comprising air charter broking and remarketing and the Air Partner Safety & Security division comprising the aviation safety consultancies, Baines Simmons, Clockwork Research and SafeSkys, as well as Air Partner's Emergency Planning Division. In addition, for reporting purpose, the Company is structured into four divisions: Commercial Jets, Private Jets, Freight (Charter) and Air Partner Safety & Security (Baines Simmons, Clockwork Research, SafeSkys and Air Partner's Emergency Planning Division).

Read Full Post »

We join Edmund Shing again to introduce us to funds, how we should construct a portfolio with funds, and what we should look for. A great introduction to the basics for any newbie investor.

1:02 What are your thoughts on using funds to invest?
04:20 When would you use a managed fund/unit trust?
05:25 How do you diversify your risk across asset classes?
07:07 How do I select funds?
10:56 How do you select an ETF?
13:17 Are there any ETF brand names that we should be more inclined to invest in?
14:53 How do I select an Investment Trust?
17:57 How many funds do you suggest someone starts off with?
20:18 Engaging your children in funds?

Edmund Shing: Introducing your kids to investing - Part 1 can be seen here.

Edmund on Twitter: @TheIdleInvestor

Edmund Shing has over 25 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris. Since 2015, he has held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology. He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

Read Full Post »

Gareth Samples, CEO and David Raggett, CFO present FY20 results, and give an overview of the Hunters Property acquisition and the strategic partnership with LSL.

00:16 – Opening

Gareth Samples, CEO
00:17 – Introduction
00:46 – About The Property Franchise Group
01:52 – Summary of 2020

David Raggett, CFO
06:25 – Financial results

Gareth Samples, CEO
17:20 – EweMove’s highlights
21:05 – LSL partnership
23:55 – Covid-19 update

Gareth Samples, CEO
David Raggett, CFO
26:12 – Acquisition of Hunters

Gareth Samples, CEO
36:14 – What does TPFG look like?
40:09 – Q1 21 Trading update
46:27 – Growth initiatives
50:49 – The management team
54:05 – The market
55:34 – Outlook

Gareth Samples, CEO
David Raggett, CFO
56:12 – Q&A

Gareth Samples, CEO
1:08:50 – Closing Remarks

The Property Franchise Group plc, formerly MartinCo PLC (MartinCo), is engaged in residential property franchise business. The Company operates as a franchise model focused on the United Kingdom residential lettings and property management services offered to private clients. It also offers estate agency services. Its brands include Martin & Co, Xperience, Ellis & Co, CJ Hole, Parkers and Whitegates. Martin & Co is a national brand with approximately 200 offices distributed across the United Kingdom. Martin & Co is a specialist lettings and property management business. Xperience brand includes is the property franchise business. Ellis & Co has over 20 offices within the M25 and one office in Tonbridge, Kent. CJ Hole is engaged in selling property within the estate agency market in the South West with over 20 offices throughout Bristol, Somerset and Gloucestershire. Its subsidiaries include Martin & Co (UK) Limited, Xperience Franchising Limited and Whitegates Estate Agency Limited.

Read Full Post »

1Spatial (SPA) Full Year 2021 Results Presentation

This video can be seen at: https://www.piworld.co.uk/2021/05/04/1spatial-spa-full-year-2021-results-presentation/

 

Claire Milverton, CEO & Andrew Fabian, CFO present FY21 results followed by Q&A. FY21 results were in line expectations with a positive outlook. Annual recuring revenue (ARR) +10%. Gross margin 53% (20: 52%). Free cash flow £0.9m. Impressive US growth of 29%, albeit from a small base but there is huge scope and it's helpful having referral clients to sell into new states. FY22 trading in line with expectations.

Claire Milverton, CEO
00:17 – Introduction
00:54 – Agenda
01:36 – About 1Spatial
08:42 – Overview of 2021

Andrew Fabian, CFO
11:35 – Financial results

Claire Milverton, CEO
19:18 – Strategic review
25:26 – ESG
27:11 – FY22 key priorities
28:20 – Outlook

Andrew Fabian, CFO
Claire Milverton, CEO
29:16 – Q&A

Claire Milverton, CEO
36:08 – Closing remarks

 

1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software and solutions, primarily to the Government, Utilities and Transport sectors. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.

Today - as location data from smartphones, the Internet of Things and great lakes of commercial Big Data increasingly drive commercial decision-making - our technology drives efficiency and provides organisations with confidence in the data they use.

We unlock the value of location data by bringing together our people, innovative solutions, industry knowledge and our extensive customer base.  We are striving to make the world more sustainable, safer and smarter for the future. We believe the answers to achieving these goals are held in data. Our 1Spatial Location Master Data Management (LMDM) platform incorporating our 1Integrate rules engine delivers powerful data solutions and focused business applications on-premise, on-mobile and in the cloud. This ensures data is current, complete, and consistent through the use of automated processes and always based on the highest quality information available.

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

For more information visit  www.1spatial.com

Read Full Post »

Podbean App

Play this podcast on Podbean App