Archive for December 2021

Begbies Traynor Executive Chairman, Ric Traynor and CFO, Nick Taylor outline the interim results for the period ended 31st October 2021.

Ric Traynor, Executive Chairman
00:32 What Begbies Traynor does
01:39 Summary of results

Nick Taylor, CFO
02:34 Financial highlights
03:33 Growth by division
05:53 Update on acquisitions
07:40 Cash

Ric Traynor, Executive Chairman
09:22 The insolvency market
11:39 Recovery and advisory developments
13:21 Property - growth opportunities
14:45 Growth strategy
16:00 Growth track record
16:38 Outlook
17:28 Q&A

Begbies Traynor Group plc is a business recovery, financial advisory and property services consultancy company. It operates through two segments: business recovery and financial advisory services, and property advisory and transactional services. It provides a range of services, including corporate and personal insolvency, corporate finance, financial advisory, valuations, transactional services, and property consultancy, planning, and management. The corporate and personal insolvency services include handling of corporate appointments in the United Kingdom, serving the mid-market and smaller companies. Its corporate finance services include buy and sell side support on corporate transactions. Its financial advisory services include debt advisory, due diligence, and transactional support, pensions advisory, business, and financial restructuring, forensic accounting and investigations. Its valuation services include valuation of property, businesses, machinery, and business assets.

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Richard talks through the thrills and spills of his year. Up 42.5% at his high, and still up over 30% when we spoke, now, probably higher with National World #NWOR reporting ahead of expectations on 16th December, a day after recording. A brilliant performance but not everything went to plan. As always, Richard gives us some great nuggets, take profits when your weighting goes above your comfort threshold; weight your position size according to the market cap, and he observes, the top holdings are where you make your money, the bottom is where you get whiplashed. His main learning of the year is to have more patience.

Richard may be long or short any companies mentioned, please do your own research.

00:58 Richard’s year to date performance
02:24 What went badly: Synthoma #SYNT
13:17 What went well? Polar Capital #POLR
17:47 Made.com #MADE
28:33 Best performer: Reach #RCH 35:37 National World #NWOR
37:22 UP Global Sourcing #UPGS; Macfarlane #MACF & Devro #DVO
39:57 Bloomsbury #BMY
43:39 IPOs and liquidity/illiquidity
44:40 Has the macro picture changed your stock selection criteria?
49:33 AB Foods #ABF; Homeserve #HSV
50:45 Cash
52:45 Santa rally
53:39 Seraphine #BUMP
59:40 Wincanton #WIN
01:01 52 Will the FTSE100 close up, down or flat by 15th December 2022?

Richard’s background in his own words:

My interest in the London stock market came about in the early 80’s – working over the summer holidays whilst at college, as a post boy – leading to being somewhat of a gofer for a man called Zimmerman, who help build Mercury Asset Management in the 1980s. The taste of the moving parts of the City gave me my first real joy of City life – and I loved it.

1986 – joined Lazard Brothers (via the back door) as a Trust Accountant, valuing and doing the daily book-keeping for investment trusts/unit trusts. Had my chance to move to the front office in 1988 as an assistant fund manager on the bond the international desks. Met my first real mentor John Innes, helping to manage and win major international global accounts – flying around the world in my mid 20’s.

Realised the real way to learn the skills needed to manage money was via mentors – very good ones. My real passion is to manage money invested directly in stocks and shares – where I saw the excitement and thrills – and having the belief I could make serious money. Passed my analyst and other professional exams then had the chance to join a real modern-day investment legend – Richard Smith – becoming his no.2 on the Lazard UK Small Companies desk. Over the following 5 years gained the opportunity to build the investment style foundation stones – I still follow today.

The importance of skilled mentors – is the real key to the success of any young professional – especially in the investment world. True 30 years ago – true today.

1997 – left Lazard to join the sell-side (stockbroking), Chaterhouse – specialising in small and mid-cap UK companies. An amazing experience, helping to take a mid-ranking firm to No1.

2001 – sold my soul to Merill Lynch.

2005 – returned to the buy-side with Cazenove to help run the UK-focused hedge funds – mixing my stock-picking skills to their business cycle style. Ended up with about £1.5billion of funds to manage and becoming one of the most successful performing UK hedge funds in the UK in that period, especially the GFC.

2010 – left Cazenove to join Trium – a private family wealth office – managing our own money – no clients – simply an absolute returned focused approach. Long – short. And both short and long-term objectives and managing my own pa. money alongside.

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Ilika (IKA) Capital Markets Day – December 2021

The Ilika management team outline the business, the market and the opportunities.  Further, five partners illustrate their use of Ilika's solid state batteries.  The day ends with a tour of the facilities.  This overview brings to life the scope of applications for both Stereax and Goliath and the path to commercialisation for Ilika.

Graeme Purdy, CEO
00:18 Overview of the day
01:32 Introduction to the presentation
02:05 The management team
03: 51 Business overview & global battery markets
05: 58 Solid state batteries
08:00 The business model: Stereax

John Tinson, VP Sales & Marketing
09:40 Stereax for Smart Orthopaedics
12:10 Nerve Stimulators by Stereax
14:12 Client testimonial: Vitruvens
15:40 Client testimonial: NXT STIM
17:41 Client testimonial: BLINK ENERGY
19:35 Client testimonial: WindTak

Graeme Purdy, CEO
21:08 Goliath addressable market growth

John Tinson, VP Sales & Marketing
24:00 Goliath cells for Super/Hyper cars
26:29 Goliath non-auto application

Robin Bell, VP Product Development
28:45 Goliath Technical progress
29:59 NPD to MVP
30:47 Goliath commercialisation pathway & manufacturing scale-up

Steve Boydell, CFO
32:24 Post year end fund raise
33:00 OTCQX

Graeme Purdy, CEO
34:00 Summary

34:33 Q&A
45:06 Facility tour
49:33 Graeme Purdy reflections on the day.

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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SThree CEO, Mark Dorman and CFO Andrew Beach give the full-year 2021 trading update to analysts and investors.

Mark Dorman, CEO
00:18 Introduction & full-year summary

Andrew Beach, CFO
02:55 Summary of contract and permanents fees
03:59 Regional and sector split
05:15 DACH
05:48 EMEA excluding DACH
06:27 USA
06:50 APAC
07:23 Contractor order book & balance sheet

Mark Dorman, CEO
08:30 Outlook

Mark Dorman, CEO & Andrew Beach, CFO
09:55 Q&A

Mark Dorman, CEO
25:26 Closing remarks

SThree plc is a United Kingdom-based 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 recruitment brands include Computer Futures, Progressive Recruitment, Huxley and Real Staffing. The Company’s other brands include Global Enterprise Partners, JP Gray, Madison Black, Newington International and Orgtel. The Company's markets include Germany, the Netherlands, the United States, the United Kingdom and Japan. The Company delivers contract, permanent, projects, retained and executive search recruitment solutions.

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WH Ireland's CEO Phillip Wale presents a short overview of the Group’s half year results for the six months ended 30 September 2021.

00:24 Introduction
00:32 Financial highlights
01:28 Operational highlights
02:23 Wealth Management
03:00 Capital Markets
03:40 Strategy & Outlook

WH Ireland Group plc is a holding company. The Company's principal activities are the provision of wealth management and corporate finance advice, research, products and services to the private clients, and small and medium sized companies. It operates through two segments, which include Private Wealth Management and Corporate Broking. The Private Wealth Management segment offers investment management advice and services to individuals and contains its wealth planning business, giving advice on and acting as intermediary for a range of financial products. The Corporate Broking segment provides corporate finance and corporate broking advice and services to the companies, and acts as nominated advisor to clients listed on the Alternative Investment Market (AIM). The Corporate Broking segment contains its institutional sales and research business, which carries out stockbroking activities on behalf of companies, as well as conducting research into markets of interest to its clients.

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A tremendous interview that gives some insight to the highs and lows of 2021. What companies and Andy have learned through Covid. The hunt for disrupters. Activists and bid activity. The attractions of the FTSE100. We hear how an institution exits a position. The attractiveness of an IPO, a placing or an overhang. Director buys and sells. Latterly, we discuss bitcoin and NFT’s (Non Fungible Tokens). Finally, for those who want the investing challenge (or fancy themselves as a Fund Manager!), we discuss the new PIWORLD series, Sell it to the City, and what the Fund Managers, Andy, Judith and Stephen are looking for from contestants. Please contact PIWORLD.CO.UK if you want to take part. A very engaging and informative listen. Thank you Andy!

01:02 How has 2021 been?
01:46 Omicrom?
03:28 Views on a Santa rally?
05:18 Inflation
07:05 Tapering
08:17 Disrupters Reach #RCH, Future #FUTR, Lookers #LOOK, Inchcape #INCH
12:15 Property - Grainger #GRI
13:11 FTSE100, FTSE250 v AIM Royal Mail #RMG; Land Securities #LAND; #WISE, Marks & Spencer #MKSN
17:18 Activists: Elliot, Glaxosmithkline #GSK, Taylor Wimpey #TW., Clinigen #CLIN, Pearson #PSON, Johnson Matthey #JMAT
17:50 Which holdings which will move the dial? Frasers #FRAS, Studio Retail #STU
19:00 Bid activity Clinigen #CLIN
19:47 Studio Retail #STU
22:43 Learnings from 2021
25:22 Tremor #TRMR
26:47 Bid pick for 2022 Indivior #INDV
28:39 Crystal Amber and selling an overhang #DLAR
30:57 Institutional pools of liquidity & IPOs
32:18 Preference to buy and IPO, placing or overhang?
34:18 Evolution of Covid: what went well and what went badly
37:44 Director buys and sells Telecom Plus #TEP; Tremor #TRMR Fraser #FRAS
40:19 Bitcoin
41:40 NFTs
42:14 Where to find Andy Brough & his funds
42:41 Sell it to the City: what is it? What the Fund Managers want to hear.
(Sell it to the City - Episode 1: https://www.piworld.co.uk/education-videos/piworld-sell-it-to-the-city-october-2021/)

About Andy Brough:
• Head of the UK & European Small and Mid Cap team
• Manager of the Schroder Mid 250 Fund and the Schroder UK Smaller Companies Fund
• Co-Manager of the Schroder UK Mid Cap Fund plc and Co-manager of the Schroder Institutional UK Smaller Companies Fund
• Co-manager of Schroder ISF European Smaller Companies
• Investment career commenced on joining Schroders in 1987
• Chartered Accountant
• BSc in Economics, Manchester University

https://www.schroders.com/

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MindGym CEO, Octavius Black and CFO, Richard Steele present the interim results for the period ended 30th September 2021.

Octavius Black, CEO
00:17 – Introduction
00:32 – Dominic Neary, CFO Designate
03:32 – Agenda
03:45 – Half Year results
04:56 – Regional growth

Richard Steele, CFO
06:40 – Revenue breakdown

Octavius Black, CEO
08:09 – Innovation

Richard Steele, CFO
12:32 – P&L Statement
13:47 – Balance sheet
15:11 – Cash flow

Octavius Black, CEO
15:39 – New digital products (Performa)
25:21 – Current trading & Outlook
26:17 – Closing remarks

Mind Gym PLC is a United Kingdom-based company that provides professional leadership skills and business relationship management services. The Company offers a range of solutions, such as performance management, management development, diversity and inclusion, change, ethics, reorganization, personal effectiveness, on-boarding, employee engagement, and customer services.

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WH Ireland CEO, Phillip Wale, CEO, Chairman, Phil Shelley, CFO, Simon Jackson & Head of Wealth Management, Stephen Ford, present the interim results for the period ended 30th September 2021.

Phillip Wale, CEO
00:18 – Introduction

Phil Shelley, NEC
01:54 – Financial Highlights
03:37 – Operational Highlights

Simon Jackson, CFO
05:45 – Income statement
06:51 - Gross revenue analysis
07:41 – Balance sheet & Regulatory capital

Stephen Ford, Head of Wealth Management
08:36 – Wealth management

Phil Shelley, NEC
11:07 – Capital markets
12:39 – Strategy
15:44 – Current trading & Outlook

WH Ireland Group plc is a holding company. The Company's principal activities are the provision of wealth management and corporate finance advice, research, products and services to the private clients, and small and medium sized companies. It operates through two segments, which include Private Wealth Management and Corporate Broking. The Private Wealth Management segment offers investment management advice and services to individuals and contains its wealth planning business, giving advice on and acting as intermediary for a range of financial products. The Corporate Broking segment provides corporate finance and corporate broking advice and services to the companies, and acts as nominated advisor to clients listed on the Alternative Investment Market (AIM). The Corporate Broking segment contains its institutional sales and research business, which carries out stockbroking activities on behalf of companies, as well as conducting research into markets of interest to its clients.

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ENGAGE XR management introduce us to their metaverse. Their clients include BMW, 3M and Facebook. There are numerous applications of the metaverse, for staff, for customers and for many aspects of our lives. Is this our new reality? Will we all be hanging out in the metaverse and buying our NFTs? Their revenue model including one off payments, a subscription model and market place purchases with Non Fungible Tokens, NFT's. A fascinating business at the forefront of this fast developing virtual market.

00:21 - Opening remarks

David Whelan, CEO
00:59 - Introduction

Chris Madsen, US Business Development
01:50 - What is the 'Metaverse'?

David Whelan, CEO
02:43 - Evolution of the web
04:00 - Trailer for 'Engage Oasis'
06:43 - Our market opportunity
07:44 - How does the Engage Metaverse work?
08:27 - Our revenue model
09:17 - Use case (3M)

Seamus Larrissey, CFO
16:48 - Finance update

21:02 - Q&A

ENGAGE XR Holdings plc (ENGAGE XR), formerly VR Education Holdings PLC, is an Ireland-based company. The Company is focused on providing virtual communications solutions through its software platform, ENGAGE. ENGAGE provides users with a platform for creating, sharing, and delivering virtual reality (VR) content for communication, training, and online events. It provides it’s for education, training, and online events through its three solutions: Virtual Campus, Virtual Office, and Virtual Events. The ENGAGE platform supports both VR and non-VR devices with regular updates to its supported devices list. ENGAGE supports the six degrees of freedom (DoF) headsets including: Oculus, Vive, Pico and Windows Mixed Reality (MR) devices. It also supports standard Windows 10 personal computer (PC), phones and tablets running either Android or Apple iOS. It offers customization options and the ability to upload private content to either ENGAGE servers or to custom hosting solution on request.

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TXPimpact CEO & Co-Founder Neal Gandhi and CFO, Oliver Rigby present the interim results for the period ended 30th September 2021.

Neal Ghandi, CEO & Co-Founder
00:17 – Introduction & Agenda
00:53 – Half Year summary

Oliver Rigby, CFO & Co-Founder
02:47 – Financial results
05:23 – ESG
07:04 – Revenue and EBITDA growth
07:27 – Cash flow
08:18 – Revenue breakdown
08:52 – Income statement
09:15 – Adjusted PBT reconsolidation
12:30 – Adjusted EPS
13:22 – Statement of financial position

Neal Ghandi, CEO & Co-Founder
14:28 – Operational review
19:29 – Our market
22:10 – Our strategy
29:49 – EBITDA % to date
30:31 – Commercial vision for 2025
32:09 – ESG vision for 2025
32:56 – Outlook

33:53 – Q&A
42:23 – Closing remarks

TPXimpact Holdings PLC, formerly The Panoply Holdings PLC, is a United Kingdom-based technology-enabled services company. The Company is focused on digital transformation. The Company's segments include Consulting and innovation, Software development and Automation. The Consulting and innovation services include strategy consulting and service design. The Software development services include digital transformation, technical software development, cloud-based services and information technology (IT) implementation. The Automation services include automation, robotics, chatbots and artificial intelligence (AI). The Company's subsidiaries include Bene Agere Norden AS, Manifesto Digital Limited, Questers Resourcing Limited, iDisrupted Limited and Greenshoot Labs Limited. Bene Agere Norden AS is a strategic and management consultancy with a focus on digital transformation. Manifesto Digital Limited is a digital experience agency.

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Highlights of Oxford Metrics' full year results for the year ended 30 September 2021. This illustrates the technology, the 5 year growth strategy to achieve 2.5x revenue and to return adjusted Pre Tax Profit to 15%, and closes with the shorter term outlook.

00:11 - Period overview
01:11 - Five-year growth plan & the technology
02:36 - Sensing capabilites, analysis & embed technology
03:09 - Financial aims
03:45 - Outlook: Vicon, Yotta & the group

Oxford Metrics develops software that enables the interface between the real world and its virtual twin. Our smart sensing software helps over 10,000 customers in more than 70 countries, including all of the world’s top 10 games companies and all of the top 20 universities worldwide. Founded in 1984, we started our journey in healthcare, expanded into entertainment, winning an OSCAR® and an Emmy®, then moved into defence and engineering. We have a track record of creating value by incubating, growing and then augmenting through acquisition, unique technology businesses.

The Group trades through two market-leading divisions: Vicon and Yotta. Vicon is a world leader in motion measurement analysis to thousands of customers worldwide, including Guy’s Hospital, Industrial Light & Magic, MIT and NASA. Yotta’s cloud-based infrastructure asset management software enables central and local government agencies and other infrastructure owners to digitally manage their assets. Yotta has a large number of high-profile clients including VicRoads in Australia , Auckland Motorway System in New Zealand, and, in the UK, National Highways and over 160 local authorities.

 

The Group is headquartered in Oxford with offices in Leamington Spa, Gloucester, California, Colorado, and Auckland. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company listed on AIM, a market operated by the London Stock Exchange.

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Sosandar Co-CEOs & Co-Founders, Ali Hall and Julie Lavington and CFO, Steve Dilks present the financial results for the six months ended 30 September 2021 and give an update on current trading.

Ali Hall, Co-CEO & Co-Founder
00:17 – Introduction & Agenda
00:36 – Overview of the period

Julie Lavington, Co-CEO & Co-Founder
02:53 – HY22 Highlights

Steve Dilks, CFO
04:50 – Financial & KPI Review

Julie Lavington & Ali Hall
14:09 – Product strategy

Julie Lavington, Co-CEO & Co-Founder
18:14 – Driving growth through third parties
19:48 – Powerful marketing strategy

Steve Dilks, CFO
23:47 – Supply chain

Julie Lavington, Co-CEO & Co-Founder
26:30 – Outlook

27:35 – Q&A
39:06 – Closing remarks

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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Treatt CEO, Daemmon Reeve and CFO, Richard Hope present the full year 2021 results to analysts, for the period ending 30th September 2021.

Slides can be downloaded here:
https://drive.google.com/file/d/1Mywkrr6kIV_zaqlRGBQt-MdiS9GqBFqd/view?usp=sharing

Daemmon Reeve, CEO
00:04 – Introduction
00:39 – Overview of the period
01:27 – Performance
03:55 – Growth trends
07:20 – ESG

Richard Hope, CFO
08:55 – PBT growth
10:08 – Dividends
10:37 – 2021 Financial review
11:31 – Cash flow
12:30 – Individual product categories
14:57 – Revenue
16:18 – Strategic evolution
17:02 – Financial metrics

Daemmon Reeve, CEO
17:42 – Market overview & Strategic priorities
19:16 – Accessing market growth opportunities
21:27 – Benefits of new UK site
24:08 – Current trading & Outlook

26:27 – Q&A
43:50 – 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.

Produced by BRR Media. Distributed by PIWORLD.

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TPXimpact (TPX) HY22 results overview

TPXimpact Co-Founder and CEO, Neal Gandhi and Co-Founder and CFO, Oliver Rigby give an overview of the interim results for the period ending 30th September 2021.

Neal Gandhi, Co-Founder & CEO.
00:40 H1 overview

Oliver Rigby, Co-Founder & CFO.
01:42 Financial highlights
02:48 Impact goals update

Neal Gandhi, Co-Founder & CEO.
03:14 Growth strategy
04:57 Rebrand
05:59 Market opportunity
06:50 Outlook

TPXimpact Holdings PLC, formerly The Panoply Holdings PLC, is a United Kingdom-based technology-enabled services company. The Company is focused on digital transformation. The Company's segments include Consulting and innovation, Software development and Automation. The Consulting and innovation services include strategy consulting and service design. The Software development services include digital transformation, technical software development, cloud-based services and information technology (IT) implementation. The Automation services include automation, robotics, chatbots and artificial intelligence (AI). The Company's subsidiaries include Bene Agere Norden AS, Manifesto Digital Limited, Questers Resourcing Limited, iDisrupted Limited and Greenshoot Labs Limited. Bene Agere Norden AS is a strategic and management consultancy with a focus on digital transformation. Manifesto Digital Limited is a digital experience agency.

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