Archive for September 2021

Iain Staples, Fund Manager, on the UK Desk at Schroders, shares how he evaluates dynamic smaller companies for his funds. Firstly, they should make profit and have positive free cashflow, then he describes his four pillars, including their superiority through brand and reputation, then, what he describes as architecture, having the structures in place to operate in any environment; innovation to keep ahead, and strategic assets which make them untouchable. To illustrate, he picks companies with these qualities. He then goes on to give wise advice from his own mistake and gives a view on current markets. A thoroughly entertaining and enlightening interview.

00:41 Iain’s background
03:49 Sectors and themes Iain likes
05:11 Selection criteria for investments
09:58 Innovation: Oxford Instruments (OXIG), Spectris (SXS) Xp Power (XPP), Big Technologies (BIG)
11:54 Strategic assets: Elementis (ELM)
13:00 Are you limited in what you can invest in, by company size?
14:17 What companies offer good value at the moment?
15:03 Eurocell (ECEL)
15:26 Strix (KETL)
17:56 XP Power (XPP)
24:40 Battery storage: Invinity Energy Systems (IES).
(PIWORLD interview with CEO of IES https://www.piworld.co.uk/company-videos/piworld-interview-with-invinity-energy-systems-ies-ceo-larry-zulch/)
33:10 Meditech 33:34 Renalytix (RENX)
40:30 Luceco (LUCE)
(LUCE H120 results https://www.piworld.co.uk/company-videos/luceco-plc-luce-interim-results-september-2020/)
43:00 Learning from mistakes Saietta (SED); 46:13 NCC (NCC)
49:38 Current market valuations

Iain Staples works on:
Schroders UK Smaller Companies Fund:
Schroders Dynamic UK Smaller Companies Fund
https://www.schroders.com/

About Iain Staples:
Iain’s first proper job, after studying maths and theoretical physics at Cambridge and Manchester, was at LEK Consulting, the corporate strategy consultant. After cutting his teeth on anything from potash mines in Spain to launching a low cost carrier for BA, he moved to Hoare Govett in 1999 in its TMT equity research team, just before the dot com bubble started to expand. After it duly popped, he emerged somewhat wiser from the experience and worked for ten years on the sell side, ending up at Altium as a roving analyst. Since 2012, he has worked at Schroders and took on his first fund in 2015.

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Personal Group's CEO, Deborah Frost and CFO, Sarah Mace present the interim results for the period ended 30 June 2021. They are in the sweet spot providing benefits and services to improve employee wellbeing and engagement. Although hit by CV19 they are now benefiting from strong market tail winds with the insurance business picking up, Sage Employee Benefits demonstrating a significant growth in ARR and client numbers and HapiFlex delivered and live for the first client. This includes a helpful client testimonial from Sage.

Deborah Frost, CEO
00:17 – Introduction & business overview
02:40 – Highlights

Sarah Mace, CFO
05:15 – Financial results

Deborah Frost, CEO
12:51 – Strategic & operational review
21:48 – HapiFlex by Personal Group
24:45 – Sage Employee Benefits
30:30 – Innecto
31:51 – Let’s Connect
32:28 – Key takeaways

33:40 – Q&A
40:27 – Closing remarks

Personal Group Holdings PLC (PGH) is a United Kingdom-based employee benefits and services provider. The Company is principally engaged in transacting short-term accident and health insurance and providing employee services in the United Kingdom (UK). PGH's employee engagement and wellbeing services are delivered through its application, Hapi. The Company's segments include Core Insurance, IT Salary Sacrifice, software as a service (SaaS) and Other. The Core Insurance segment comprises of Personal Assurance Plc, a subsidiary of the Company, which is engaged in underwriting insurance policies. The IT salary sacrifice segment refers to the trade of PG Let's Connect, a salary sacrifice technology. The SaaS segment is engaged in offering Hapi platform. The Other segment consists of Berkeley Morgan Group (BMG) and its subsidiary undertakings, and Personal Management Solutions (PMS). Its clients include Francis Crick Institute, Bristol Airport, Arsenal Football Club and The British Library.

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Air Partner’s CEO Mark Briffa discusses interim results for the period ended 30 June 2021. A very positive period resulting in another upgrade to expectations for the full year. We start to see how the strategy is coming together, including the recent acquisition of Kenyon.

00:29 Overview of the period
01:38 Strategy update
02:43 Kenyon
03:52 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).

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CVS Group's CEO Richard Fairman, CFO, Robin Alfonso & COO, Ben Jacklin present full year results for the year ended 30 June 2021. Impressive numbers with total sales growth up 19.2% and adjusted EBITDA +37.3% with strong tailwinds in the UK pet care sector.

Richard Fairman, CEO
00:17 – Introduction & agenda
00:50 – Overview
02:22 – Our integrated model
03:45 – Market & strategy update

Robin Alfonso, CFO
08:14 – Financial review

Ben Jacklin, COO
15:32 – Strategic & operational update

Richard Fairman, CEO
22:31 – Outlook

25:01 – Closing remarks

CVS Group plc is a holding company. The principal activities of the Company are to operate animal veterinary practices, veterinary diagnostic businesses, pet crematoria and an online pharmacy and retail business. Its segments are Veterinary Practice, Laboratories, Pet Crematoria and Animed Direct. The Veterinary Practice segment offers treatment for companion animals, equine and farm animals. The Laboratories segment provides diagnostic services to its veterinary practices and third-parties. Its laboratories provide Biochemistry, hematology, histology, serology and advanced allergy testing. The Pet Crematoria segment offers pet cremation services to its veterinary practices, third-party practices and directly to pet owners. The Animed Direct segment sells prescription and non-prescription drugs, pet food and other animal related products through its Website. It operates approximately 360 veterinary practices, four diagnostic laboratories, seven pet crematoria and an online dispensary.

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LCM's CEO, Patrick Moloney, Executive Vice Chairman, Nick Rowles-Davies & CFO, Mary Gangemi present full year results for the year ended 30 June 2021. They achieved sustained growth and strong financials in disrupted market conditions. Going forward they are growing AUM with increased capital available to facilitate continued growth, they have a mature portfolio of high yielding assets, and feel the future market conditions will drive demand for LCM's capital.

Patrick Moloney, CEO
00:17 – Introduction & Overview
03:21 – Building scale
06:10 – Maintaining performance

Mary Gangemi, CFO
08:44 – Financial review

Patrick Moloney, CEO
11:23 – Portfolio review

Nick Rowles-Davies, Executive Vice Chairman
20:15 – Market dynamics

Patrick Moloney, CEO
26:55 – Outlook

31:27 – Q&A
54:58 – Closing remarks

Litigation Capital Management Limited is an Australia-based litigation finance company. The Company is an alternative asset manager specializing in disputes financing solutions internationally. It operates through two business models: direct investments and funds management. LCM's investment strategies include single-case, portfolios, and acquisition of insolvency claims. Its single-case investment includes investment in a single dispute globally. Its portfolio includes funding a bundle of single disputes in which LCM's capital investment is collaterally secured against the proceeds of the entire portfolio of disputes. Its acquisition of insolvency claims includes investment in smaller disputes through the acquisition or assignment of the underlying cause of action. The Company's product includes Fully Litigation, Litigation for finance companies, Funding for financial international arbitrations, Law firm/Portfolio funding, Disbursement finance, Security for costs, and others.

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Judges' CEO, David Cicurel, Gp FD, Brad Ormsby and COO, Mark Lavelle, present interim results for the period ended 30 June 2021. The Board is confident that the Group will exceed market expectations for the year. The order intake, revenue, profit and cashflow have recovered well from CV19. The organic orders to the end of August are up 23% yoy, although the environment is still challenging,. They have a new £60m five-year bank facility to provide greater acquisition financing capability.

David Cicurel, CEO
00:16 – Introduction to Judges
03:02 – Key messages

Brad Ormsby, CFO
06:37 – Financial review

David Cicurel, CEO
21:35 – Growth strategy
32:40 – Outlook
35:11 – Investment case

36:35 – Q&A
51:16 – Closing remarks

Judges Scientific plc is a United Kingdom-based company, which is engaged in the acquisition and development of a portfolio of scientific instrument businesses. The Company's activities are predominantly in or in support of the design and manufacture of scientific instruments. Its segments include Materials Sciences and Vacuum. Its subsidiaries include Armfield Limited, engaged in the design and marketing of engineering equipment and research instruments; Fire Testing Technology Limited, which is engaged in the design, manufacture and service of instruments that measure the reaction of various materials to fire; Scientifica Limited, which offers micropositioning equipment, microscopes and advanced imaging systems used in electrophysiology and neuroscience; Quorum Technologies Limited, which manufactures scientific instruments primarily used for electron microscopy sample preparation, and Sircal Instruments (UK) Limited, which designs, manufactures and distributes rare gas purifiers.

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FireAngel (FA.) interim results overview September 2021

FA. Executive Chairman, John Conoley gives an introduction to the company and an overview of the results for the six months ending 30th June 2021.

John Conoley, Executive Chairman
00:34 – An introduction to FireAngel
04:04 – H1 21 overview
05:21 – Financial highlights
08:13 – How Have you started to deploy the net proceeds from the £9m fundraised in April?
13:55 – Strategic priorities
15:51 – Summary & outlook

Fireangel Safety Technology Group plc, formerly Sprue Aegis plc, is engaged in the business of design, sale and marketing of smoke and carbon monoxide (CO) detectors and accessories. The Company also operates its own CO sensor manufacturing facility in Canada. The Company is also a provider of home safety products. The Company's principal products include smoke alarms and CO alarms and accessories. Sprue manufactures CO sensors for use in all its CO alarms. Sprue serves in the United Kingdom retail and the United Kingdom's fire and rescue services. The Company offers a range of brands, including FireAngel, AngelEye, Pace Sensors, First Alert, SONA, BRK and Dicon brands. The Company's subsidiaries include Sprue Safety Products Limited, which is engaged in distribution of smoke and CO alarms, and Pace Sensors Limited, which is a manufacturer of CO sensors.

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Christopher Mills, CEO, Harwood Capital Management, is fundamentally a value investor with a strategy to extract that value so avoiding value traps. Often, an activist investor who will place management or himself on the board to ensure alignment with shareholders, as is seen in his success with EKF, MJ Gleeson, and Augean, which he discusses. As an early entrant to Life Sciences, he tells us what he likes about the sector, including a deep dive into Circassia, and an update on Sourebio following the lifting of CV19 testing for certain travel. He covers some of his investments that he's excited about, with each, we can hear his strategic thinking, for example with AssetCo where Martin Gilbert, ex Aberdeen Asset Management has joined as Chairman, who is starting to build another leading asset management company; likewise those building blocks with Frenkel Topping and Polar Capital. A very engaging interview that gives us a sense of Christopher, his razor sharp mind, and why he's such a successful investor.

00:49 Christopher’s career and Harwood Capital
03:33 What are you looking for in the companies in which you invest?
05:30 What about life sciences do you like?
08:03 Circassia (CIR)
12:45 Sourcebio International (SBI)
16:58 Clinigen (CLIN)
18:14 Polar Capital (POLR)
20:07 AssetCo (ASTO)
21:34 Frenkel Topping (FEN)
29:15 Successes: how do you find the right strategy & management? MJ Gleeson (29:40), EKF (30:24) & Augean (33:48)
35:50 When it goes wrong
39:03 Why is the discount to NAV so wide for the North Atlantic Smaller Companies IT (NASCIT)?
44:10 Remaining ambitions

Harwood Capital Management: https://www.harwoodcapital.co.uk/

About Christopher Mills
Chief Executive Officer and principal shareholder of Harwood Capital Management since 2011. He founded JO Hambro Capital Management with Jamie Hambro in 1993 acting as Chief Investment Officer and Harwood Wealth with Alan Durant in 2013 until their respective sales in 2011 and 2020. He is CEO of North Atlantic Smaller Companies Investment Trust (“NASCIT”) which he has managed since 1982 and Executive Director of Oryx International Growth Fund which he has managed since 1995. NASCIT has delivered a total NAV per share of nearly 200x under Mr Mills’ management and is the winner of numerous Micropal Sunday Telegraph and S&P investment trust awards. He has sat on the Board of over 100 companies during his career including most recently Augean, MJ Gleeson, SureServe, Frenkel Topping and is currently Chairman of EKF Diagnostics and Renalytix AI. He was awarded a scholarship to go to university by Samuel Montagu and has a BA in Business Studies.

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The Property Franchise Group CEO, Gareth Samples and CFO, David Raggett present the H1 results for the period ended 30th June 2021. These are record results due to the increased activity in the sales and lettings market. Looking forward, they anticipate the full year to be ahead of expectations. Further, they update on the execution of the strategy with Ewe Move, Hunters, the partnership with LSL and the post-period acquisition of The Mortgage Genie. A very confident presentation.

Gareth Samples, CEO
00:17 – Introduction & company overview
06:02 – Summary of the period

David Ragget - CFO
07:01 – Financial results

Gareth Samples, CEO
18:34 – Strategic initiatives
29:08 – Hunters integration update
30:25 – Market update
35:01 – Outlook

36:27 – Q&A
52:31 – 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.

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Attraqt Group (ATQT) interim results 2021 overview

Attraqt's CEO, Mark Adams summarises the interim results for the period ending 30th June 2021.

00:30 H1 21 overview
01:45 Highlights of the period
02:49 Progress against strategic priorities
04:46 The new hires
05:30 The future

Attraqt Group plc is a United Kingdom-based company, which enables brands, manufacturers and retailers to optimize the electronic commerce site. Through its platforms, Fredhopper Discovery Platform, Early Birds and software Experience Orchestrator (XO), the Company provides a set of application programming interface (API)-enabled, algorithm-driven, intelligent software as a service (SaaS) services covering personalization, search, navigation, merchandising, recommendations and internationalization. The Company offers a search system that provides a machine learning-based solution for matching a text string entered into a search box on an electronic commerce site against the products on that site. The Company partners with brands and specialist retailers across sectors, including fashion, footwear, homeware, health and beauty, grocery, electronics, business to business (B2B), sports and outdoor.

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CVS's CEO, Richard Fairman gives an overview of full year results for the year ended 30th June 2021.

00:21 - FY20 highlights
02:03 - Strategic progress
05:26 - Outlook

CVS Group plc is a holding company. The principal activities of the Company are to operate animal veterinary practices, veterinary diagnostic businesses, pet crematoria and an online pharmacy and retail business. Its segments are Veterinary Practice, Laboratories, Pet Crematoria and Animed Direct. The Veterinary Practice segment offers treatment for companion animals, equine and farm animals. The Laboratories segment provides diagnostic services to its veterinary practices and third-parties. Its laboratories provide Biochemistry, hematology, histology, serology and advanced allergy testing. The Pet Crematoria segment offers pet cremation services to its veterinary practices, third-party practices and directly to pet owners. The Animed Direct segment sells prescription and non-prescription drugs, pet food and other animal related products through its Website. It operates approximately 360 veterinary practices, four diagnostic laboratories, seven pet crematoria and an online dispensary.

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Somero Enterprises (SOM) H1 results September 21

Somero CEO, Jack Cooney, CFO, John Yuncza and VP of Finance, Enzo LiCausi outline the interim results for the period ended 30 June 2021. They have experience unprecedented demand, delivering record revenue, profits and operating cashflow. In June, they introduced the Somero SkyStrip expanding their portfolio to 18 products. Looking forward they are planning to increase the operating capacity at the Michigan facility by 35%. As for the outlook, they are raising guidance, expecting revenues of $120m and EBITDA of $42m. A very confident presentation.

Jack Cooney, CEO
00:17 - H1 2021 Highlights

John Yuncza, CFO
02:51 - Financial highlights

Enzo LiCausi, VP of Finance
09:25 - Operating results

John Yuncza, CFO
13:22 - Strategy update
18:51 - ESG
21:15 - Outlook

23:49 - Q&A

Jack Cooney, CEO
52:26 - Closing remarks

Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The Company's equipment automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots in North America. The Company's products include S-22E, S-15R, S-15M, STS-11M, S-840, S-485, CopperHead XD 3.0, Mini Screed C, PowerRake 3.0, 3-D Profiler and SiteShape. Its Somero Floor Levelness System monitors Laser Screed performance, operator performance and reports alert percentages of issues. The Somero SiteShape System allows for grade shaping automatically using users' motor grader, dozer or other grading machine. The Somero 3-D Profiler System allows automatic paving of contoured sites using a Somero Laser Screed equipment. The CopperHead XD machine encounters applications, such as chaired rebar, low slump and poor subgrades. The Somero eXtreme Platform (SXP) allows users use their Laser Screed equipment.

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LCM's CEO, Patrick Moloney gives an overview of the period ended 30th June 2021.

00:25 – FY21 highlights
01:50 – Financial performance
02:47 – Portfolio development
05:10 – Measuring success
06:49 – Market dynamics
08:52 – Outlook

Litigation Capital Management Limited is an Australia-based litigation finance company. The Company is an alternative asset manager specializing in disputes financing solutions internationally. It operates through two business models: direct investments and funds management. LCM's investment strategies include single-case, portfolios, and acquisition of insolvency claims. Its single-case investment includes investment in a single dispute globally. Its portfolio includes funding a bundle of single disputes in which LCM's capital investment is collaterally secured against the proceeds of the entire portfolio of disputes. Its acquisition of insolvency claims includes investment in smaller disputes through the acquisition or assignment of the underlying cause of action. The Company's product includes Fully Litigation, Litigation for finance companies, Funding for financial international arbitrations, Law firm/Portfolio funding, Disbursement finance, Security for costs, and others.

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Diaceutics CEO, Peter Keeling and CFO, Philip White present the half year results for the period ending 30th June 2021. The DXRX platform services the unmet diagnostic commercialisation needs of the pharmaceutical industry. The engagement from clients on the DXRX platform is ahead of the Board's expectations, and the progress made with their laboratory network during H1, sets them in good stead for H2. They anticipate a more balanced first half, second half weighting compared to previous years.

Peter Keeling, CEO
00:17 - Introduction & overview
02:52 - Strategic roadmap
04:13 - Business transformation
09:00 - Highlights

Philip White, CFO
15:55 - Benefits of DXRX
18:19 - Financial highlights

Peter Keeling, CEO
26:24 - Outlook

33:01 - Q&A

49:56 - Closing remarks

Diaceutics PLC is a United Kingdom-based data analytics and implementation services company which services the global pharmaceutical industry. The Company offers end to end services that encompasses from understanding the diagnostic landscape to test implementation into treatment pathways to enable better treatment decisions for patients. The Company’s data analytics and implementation services, including Landscape, Tracking, and Primary Market Research, leverages the diagnostic testing information to provide data-driven insights to drive seamless integration of diagnostic tests into treatment pathways. Its implementation services include Planning, Commercialization and Reimbursement Landscapes, to build the strategies and implement the tactics that drives optimal test utilization, ensuring that patients are getting the right treatment.

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RAI's CEO, Soraya Narfeldt, COO, Lars Narfeldt & CFO, Andrew Bolter present H1 results for the period ending 30th June 2021, which are in line with expectations. More details are given on Mozambique, and the significant new contract awards which give a sense of the outlook and the strength of the business going forward. It includes Q&A from the investor audience.

Soraya Narfeldt, CEO
00:16 - Introduction & agenda
00:44 - H1 21 Headlines

Andrew Bolter, CFO
01:54 - Financial performance
06:01 - Operational focus

Lars Narfeldt, COO
06:34 - Mozambique update
09:17 - Strategic execution
16:54 - ESG

Andrew Bolter, CFO
18:54 - Outlook

Soraya Narfeldt, CEO
20:45 - Summary

21:51 - Q&A
31:51 - Closing remarks

RA International Group PLC is a United Kingdom-based remote site service provider. The Company offers integrated camp services, from the construction of camp facilities to full life support services- including camp catering and camp maintenance services for clientele operating in remote and challenging environments. It focuses on providing remote site solutions for those involved in humanitarian operations, and the oil and gas and mining industries. The Company’s service offerings include construction, operation and maintenance, integrated facilities management, supply chain, and accommodation. It provides its services to mining, oil and gas, and humanitarian.

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Bonhill Group (BONH) Interim results September 2021

Bonhill's CEO, Simon Stilwell and CFO, Sarah Thompson present the interim results for the period ended 30th June 2021.

Simon Stilwell, CEO
00:17 – Introduction & Agenda
00:42 – H1 Headlines

Sarah Thompson, CFO
01:54 – Financial results

Simon Stilwell, CEO
04:42 – Rebranding
05:39 – Global events
06:46 – ESG
08:07 – H2 Focus on delivery
08:59 – Summary & Outlook

Bonhill Group PLC, formerly Vitesse Media Plc, is a United Kingdom-based business to business (B2B) media company. The Company provides business information, live events and data and insight propositions to international technology, financial services and diversity business communities. Business information includes digital/print magazines, online portal, digital content, video, audio, content syndication and marketing services. Live events include various formats, such as awards, summits, conferences, career fairs and workshops. Data and insight include industry research programs, white papers, market research and survey, directories, industry/company data product, workflow management solution and bespoke consultancy. The Company’s flagship titles include SmallBusiness.co.uk, Information Age, GrowthBusiness.co.uk and What Investment.

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MADE CEO, Philippe Chainieux and CFO Adrian Evans outline the highlights of the period, including a strategy update and financial review.

00:18 Introduction by Philippe Chainieux, CEO
00:40 Video highlighting the H1 achievements
02:17 The key figures & core strengths by Philippe Chainieux, CEO
07:10 The financial review by Adrian Evans, CFO
10:33 Summary and outlook by Philippe Chainieux, CEO

Made.com Group Plc is a United Kingdom-based holding company. The Company through its subsidiary, Made.com Limited, is engaged in the online retail of furnishings and homeware. The Company operates under two reportable segments: UK operations and Continental Europe operations. It sells its products across the United Kingdom, Germany, Switzerland, Austria, France, Belgium, Spain and the Netherlands through its e-commerce platform. The Company partners with over 150 established and up-and-coming designers, artists and collaborators. The Company's subsidiaries also include Made.com Design Ltd, Made.com Netherlands B.V, Made.com Trading Limited and Made.com Company Limited.

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SThree (STEM) Q3 2021 Trading update to analysts

SThree CEO, Mark Dorman and CFO, Andrew Beach give a trading update for Q3 2021. A very strong performance for the group with net fees up 11% in the quarter. Investment will gather pace through the remainder of the year with the benefits to be seen FY22. The outlook for the full year is anticipated to be significantly ahead of expectations , following the upwards revision provided in June 2021.

Mark Dorman, CEO
00:18 – Q3 Summary

Andrew Beach, CFO
01:53 – Financial highlights

Mark Dorman, CEO
07:38 – Q3 Outlook
08:56 – Q&A
16:30 – Closing remarks

SThree plc is an international staffing company, which provides specialist recruitment services in the science, technology, engineering and mathematics (STEM) industries. The Company provides permanent and contract staff to sectors, including information and communication technology (ICT), banking and finance, life sciences, engineering and energy. The Company's segments include the United Kingdom & Ireland (UK&I), Continental Europe, the USA, and Asia Pacific & Middle East (APAC & ME). The Company's recruitment brands include Computer Futures, Progressive Recruitment, Huxley and Real Staffing. The Company's other brands include Global Enterprise Partners, Hyden, JP Gray, Madison Black, Newington International and Orgtel. The Company delivers contract, permanent, projects, retained and executive search recruitment solutions. Its support and mobility services offer contracting, relocation and relevant visa support. It provides resources to support its brands with contractor services.

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The Pebble Group (PEBB) interim results presentation

Pebble's CEO Chris Lee, and CFO Claire Thomson present the interim results for the period ending 30 June 2021. Revenues are returning to strength, 39% ahead of HY20. Facilisgroup achieved an adjusted EBITDA margin of 54.6%, and they maintain their aspiration to grow annual recurring revenue to $50m by the end of FY24. Brand Addition revenues for FY21 are expected to be ahead of FY20 & FY19. For the outlook, management expect the full year to be at least in line with expectations.

Chris Lee, CEO
00:17 – Introduction
01:35 – HY21 highlights

Facilisgroup

Claire Thomson, CFO
02:24 –Financial highlights

Chris Lee, CEO
08:44 – Operational metrics

Brand Addition

Claire Thomson, CFO
19:27 –Financial highlights

Chris Lee, CEO
25:15 – Operational metrics

The Pebble Group

29:39 – ESG
31:09 – Outlook

32:18 – Q&A
38:41 – Closing remarks

The Pebble Group PLC is a United Kingdom-based company that provides products, services and technology to the global promotional products industry. The Company operates through two businesses: Brand Addition and Facilisgroup. Brand Addition is its promotional product merchandise business that provides promotional products to global brands. Brand Addition, through its network, sources and provides promotional product solutions to clients, who operate in sectors which include health and beauty, fast moving consumer goods, transport, technology, banking and finance and charity. Facilisgroup is the Company’s software as a service (SaaS) business that provides subscription-based services to small and medium enterprise (SME) promotional product distributors in the United States and Canada. Facilisgroup’s suite of services includes business intelligence software and community events.

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This is the fifth virtual StockSlam hosted by Damian Cannon. Not only is it great fun, the track record has been pretty impressive with each portfolio of ten picks up as follows: from February 2021 +23%, April +18.5%, May +10% and June +9.6%. The single stock winner has been Tekcapital (TEK) up 186%, followed by Renold (RNO) +63% and Cakebox +51%.

The format, each ‘slammer’ has 3 minutes to ‘slam’ their stock followed by 3 minutes of audience questions. These are just ideas, the presenter probably is talking their own book. Please do all your own research! If you’d like to slam at a future StockSlam, please contact me via the PIWORLD contact page.

00:20 Introduction by Damian Cannon
03:00 Damian Cannon: Robert Walters (RWA)
09:11 Tamzin Freeman: Argentex (AGFX)
14:40 Alex Schlich: Capita (CPI)
21:36 David Carle: Belvoir (BLV)
28:15 Twenties Trader: AB Dynamics (ABDP)
35:34 Mark Simpson: Base Resources (BSE)
42:05 David Thornton: Totally (TLY)
48:40 Lawrence Judd: Watches of Switzerland (WOSG)
55:46 Edmund Shing: Geiger Counter (GCL)
01:02:45 Alan Firth: Quiz (QUIZ)
01:08:00 Damian Cannon closing remarks

Thank you to all the presenters. The next Stockopedia/PIWORLD StockSlam is Wednesday 8th October, 6pm, register via the events page

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EMIS Group (EMIS) Half-year results presentation 2021

Emis’s CEO, Andy Thornburn and CFO, Peter Southby present interim results for the six months ended 30 June 2021. Revenue and adjusted operating profit were ahead of both H1 20 and 19. Recurring revenue represents 79%. The dividend has grown to 10%. EMIS Enterprise was boosted by the use of the Outcomes4Health solution to support the CV19 roll-out in England. EMIS-X development continues and is building strong foundations for future growth. The outlook is in line with expectations for the full year.

Andy Thorburn, CEO
00:17 Introduction

Peter Southby, CFO
01:00 Financial highlights
02:43 Income statement
04:10 Segmental analysis
05:13 Revenue analysis
06:26 Cash flow
07:43 Balance sheet
08:21 Guidance and trends

Andy Thorburn, CEO
10:00 Operational review
11:17 H1 positive progress
14:50 Healthcare market evolution
18:00 Accelerating growth over the coming years
28:49 Market positioning and capabilities
29:55 Outlook

EMIS Group plc provides healthcare software, information technology and related services in the United Kingdom. The Company’s segments include Primary & Community Care and Community Pharmacy. The Company serves various healthcare markets under the EMIS Health brand. The Primary & Community Care division provides clinical information technology (IT) systems for general practitioners (GPs) and commissioners. The Community Pharmacy division is an integrated community pharmacy dispensary and retail system. EMIS Health provides clinical software to customers across the healthcare sector. Its brand EMIS Care specializes in the delivery of diabetic retinopathy eye screening.

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PIWORLD catches up with Larry Zulch, CEO at Invinity Energy Systems (IES), who gives an overview of the business and Vanadium Flow Batteries (VFB). We get details of some of the projects IES is working on and the exciting joint venture with Siemens Gemesa Renewable Energy. Finally, we get an update about the major shareholders and what investors can expect in the short, medium and long term.

00:32 What does Invinity Energy Systems (IES) do?
00:59 What is a Vanadium Flow Battery (VFB)?
03:09 What is the competitive landscape?
04:17 Projects IES are working on
06:07 The JV with Siemens Gemesa Renewable Energy
08:55 What Larry is most excited about at the moment?
09:57 The major shareholders
11:18 What should investors expect in the short, medium and long term?

Invinity Energy Systems PLC, formerly Redt Energy Plc, is a jersey-based vanadium flow battery company. The Company’s vanadium flow batteries are a form of non-degrading energy storage, already deployed and a key alternative to conventional lithium-ion batteries. The vanadium flow batteries are a form of heavy-duty, stationary energy storage, used primarily in high-utilization applications such as being coupled with industrial scale solar generation for distributed, low-carbon energy projects. Its flow batteries store energy in a non-flammable, liquid electrolyte, held in tanks within a self-contained module. Its storage markets are Europe, North America, Asia, Australasia and Africa.

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Headlam's CEO, Steve Wilson & CFO, Chris Payne outline the interim results, key accomplishments in the period and current trading.

Steve Wilson, CEO
00:18 – Introduction & agenda
01:16 – Headlam overview & COVID-19

Chris Payne, CFO
05:05 – Financial performance

Steve Wilson, CEO
22:55 – Operational performance
29:35 – Key accomplishments in the period
33:51 – Corporate governance
36:21 – Current trading & Summary

Headlam Group Plc is a United Kingdom-based company, which is engaged in the marketing, supply and distribution of a range of floorcovering products. The Company's operations are focused on providing customers, principally independent floorcovering retailers and contractors, with a range of floorcovering products supported by a next day delivery service. The Company operates through 56 operating segments in the United Kingdom and five operating segments in Continental Europe. Each operating segment is a trading operation aligned to the sales, marketing, supply and distribution of floorcovering products. The Company's activities and facilities are located throughout the United Kingdom, France, Switzerland and the Netherlands. Its business in France operates from approximately two distribution centers and over 20 service centers, and the businesses in Switzerland and the Netherlands each operate from a single distribution center.

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With inflation, resources used in electrification, and for new technologies, there may be more appetite for mining stocks from investors who normally avoid the sector. Here, Richard Greenfield, Co-Founder of Tamesis Partners, specialists in global mining and natural resources, shares how newbies can evaluate mining stocks.

This is a fantastic overview that may require a few listens; everything from the market overview, where we’re at in the cycle, to how to dip your toe into the sector. Some great nuggets such as, ‘mines are made, not found’, the people are key; and he recommends that the mine should be large enough to attract institutional interest. Of course, the investment hinges on NPV, IRR (greater than 20%); and as with all investments CAPEX, margins and returns.

Richard ends with three examples of mining sector stocks that he likes using the evaluation criteria outlined. This is superb. A sector not without risk, but with Richard’s guidance, you should be better armed to understand those risks and the factors you need to evaluate.

00:18 Introduction
01:00 Richard’s background & Tamesis Partners
03:30 What’s the composition of the global metals and mining industry?
05:06 How important is London v other exchanges?
07:00 Where should we look to make money in the current climate?
09:53 Why have equities lagged commodity prices?
10:45 Commodities are highly priced at the moment, will that continue? And what are the drivers?
14:45 How do commodities and equities move with each other?
18:17 What’s the best way for a newbie to play the sector?
22:39 When do you want to get into a mine?
25:57 What makes a good mine and how do you value it?
30:29 What is a good margin for a mine?
32:48 What’s the returns and success rate?
37:57 What are the risks to look out for?
40:41 Richard’s picks of the sector for your further research:
44:04 Tridant Royalties (TRR)
50:04 Shanta Gold (SHG)
55:07 Capital (CAPD)

About Richard Greenfield
Richard qualified as a chartered accountant with PricewaterhouseCoopers in 2003 before commencing an investment banking career in 2005, almost all of which has focused on the mining sector. While at Ambrian Partners Richard worked alongside Charlie Bendon as part of that firm’s Extel #1 ranked mining team, acting as Nominated Adviser to a large portfolio of junior and mid-tier companies and concluding a wide range of IPO, secondary financing and M&A transactions. Richard joined GMP Securities Europe LLP as a partner in 2010 as part of a significant expansion of GMP’s London operations, with a particular focus on dual and overseas listed companies and cross-border advisory transactions.

www.tamesispartners.com
LinkedIn: www.linkedin.com/company/tamesis-partners-llp
Tamesis Partners research on Research Tree: www.research-tree.com/providers/tamesis-partners

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