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Content for investors by investors . These are audio podcast versions of our videos. Sometimes slides are referred to, to view as videos go to www.piworld.co.uk
Episodes
Friday Jan 24, 2020
Friday Jan 24, 2020
This video can be seen at: https://www.piworld.co.uk/2020/01/24/ultra-electronics-ule-capital-markets-day-january-2020/
CEO Simon Pryce and the ULE management team give details on Ultra's new Corporate Strategy and focus on Maritime and Intelligence & Communication divisions. The presentation also provides insight into the Focus, Fix, Grow improvement opportunities and broader growth ambitions for the Group.
Simon Pryce, CEO
Introduction
The Team
Ultra, the background and opportunity
Focus
Fix & grow
Richard Cashin, Strategy Director
Market dynamics
Thomas Link, SBU President
Maritime
Q&A
Mike Baptist, SBU President
Intelligence & Communications
Richard Cashin Strategy Director
Other specialist businesses
Q&A
Jos Sclater, CFO
First Impressions
Simon Pryce, CEO
Future aspiration
Key Takeaways
Q&A
Ultra Electronics Holdings plc provides solutions and products in the defence and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. Its market facing segments are Aerospace, Infrastructure, Nuclear, Communications, C2ISR, Maritime, Land and Underwater Warfare. The Aerospace & Infrastructure division produces high-integrity, safety critical electronic control systems for aircraft applications, including position sensing and control; airframe and engine ice protection and detection; electronic architectures; weapon control, and noise cancellation systems. The Communications & Security division provides mission critical, information dominance solutions. The Maritime & Land division provides sensors, combat management systems, power solutions for surface, sub-surface and unmanned platforms.
Friday Jan 10, 2020
Friday Jan 10, 2020
This video can be seen at: https://www.piworld.co.uk/2020/01/10/eis-investing-with-tim-j-grattan/
Tim gives us a tremendous overview of EIS investing, why governments offer EIS tax breaks, what they are, how to take advantage of them, the pitfalls, and his overall performance during the 10 years he’s been doing them. A great personal insight.
Tim Grattan’s background – 00:29
What is an EIS and why does the Government offer them? - 02:14
Have EIS schemes created growth in those companies? - 04:30
Will the tax incentive be taken away? - 05:27
The EIS tax benefits - 06:14
What’s the difference between a VTC and EIS? – 11:00
What are the capital limits for an EIS? - 11:38
What qualifies an SME for EIS? - 13:39
What type of EIS do you favour? - 17:05
Nex Markets – 22:44
Do any companies fall foul of their EIS requirements? - 23:15
What are the risks with EIS investments? - 25:47
What are your preferences for EIS opportunities? - 27:06
The winners and losers over the last 5 years - 28:24
What level of research do you do? - 34:35
What’s your overall performance been over the last 10 years? - 38:00
Why would you sell out before the 3-year period? - 38:54
About Tim J Grattan
Tim completed his post grad degree in Synthetic Chemistry in 1983 and then took up a position in the Pharmaceutical Industry working in Pharmaceutical development, he continued his career in the Pharmaceutical Industry working for a number of companies in different roles within R&D and took early retirement following a departmental reorganisation at his last employer having completed 24 years in the industry. Tim first became involved with share investments through the Thatcher era privatisations which lead to an interest in the wider market and he is now a full-time investor, focusing mainly on tax advantaged UK listed shares, namely VCTs and EIS qualifying AIM quoted shares in the Tech and Pharm Tech sectors.
Monday Dec 23, 2019
Monday Dec 23, 2019
By Paul Mines CEO, Biome Technologies plc
Introduction – 00:17
Group overview – 00:30
Addressing global trends – 00:46
Group profile – 01:16
2019 highlights – 01:32
Investment proposition – 02:43
Biome Bioplastics – 03:49
Bioplastics a changing market – 03:51
The business – 08:39
Bioplastics growth – 11:05
Industrial biotechnology – 12:30
Stanelco RF Technologies – 15:05
Fibre-optic furnaces – 16:02
Strategy & potential – 16:46
Financials – 17:19
Group: key data – 18:10
KPI’s – 18:51
2019 placing = 19:44
Investment proposition – 20:26
Q&A – 21:22
Biome Technologies plc is a United Kingdom-based company engaged in the development of its business in bioplastics. The Company’s operations are focused in two areas: Bioplastics and Radio Frequency (RF). The Company operates through three segments: Bioplastics, RF Technologies and Central costs. The Bioplastics division consists of Biome Bioplastics Limited and Aquasol Limited. The Bioplastics division supplies a range of bioplastic resins that replace existing oil based materials in a range of applications, such as flexible films, molded products, extruded sheets and food wraps. The RF Technologies division consists of Stanelco RF Technologies. RF Technologies division involves the design and manufacture of electrical/electronic systems based on advanced radio frequency technology. The Central costs division consists of senior management, corporate and administration functions, as well as facilities costs.
Friday Dec 20, 2019
Friday Dec 20, 2019
This video can be seen at: https://www.piworld.co.uk/2019/12/20/blue-whale-qa-december-2019/
Stephen Yiu, Chief Investment Officer, answers investors’ questions, sent into him.
The fund’s performance to date – 01:11
How does fx affect the fund? – 02:53
Companies jump in and out of the top 10, can you explain why? – 06:01
What is your view on timing the markets and volatility? – 11:13
Do you think some US stocks are in a bubble? – 15:54
Can you expand on Blue Whale’s managed funds category? – 20:54
Is there an opportunity cost of holding cash in the fund? – 22:20
What is your key man risk policy? – 25:43
Doesn’t frequent trading impact returns? – 27:00
What are your expectations for 2020? – 30:45
NOTE: All performance and ranking data is accurate as at midday on 10th December 2019.
Blue Whale investment objective: The investment objective of the fund is to achieve capital growth over the long-term by investing in equities on a global basis, with a current focus on developed markets. The portfolio will be concentrated, generally comprising between 25 to 35 stocks. In our view investments must fall into the below criteria in order to qualify for selection within the portfolio: 1. The business must be fundamentally attractive, this means • it has the ability to grow and improve profitability over the long term • it must not face structural or imminent cyclical issues 2. The business must have an attractive price; • the business must have a current valuation that is attractive relative to its future growth and profitability • we expect the business to receive favourable revisions of medium-term consensus growth and profitability expectations These criteria enable the Investment Manager to select investments from a broad range of geographies and sectors with no particular sector or style bias. The Investment Manager will conduct detailed bottom-up fundamental research on each potential investment and in most cases produce their own financial model and forecasts of future performance. Blue Whale fact shee: https://bluewhale.co.uk/factsheet/
Wednesday Dec 18, 2019
Wednesday Dec 18, 2019
By Gareth Powell, Co-Head healthcare team.
Gareth presents an overview of the healthcare sector including innovations, the political landscape in the US and the fund.
Introduction – 00:18
Why Healthcare? - 00:50
Immuno-oncology - 00:11
AstraZeneca - 02:24
Targeted Oncology - 03:37
Loxo Oncology - 04:05
Robots - 04:25
Stryker – 05:29
Why invest in Healthcare? - 05:31
Historical sector performance - 05:38
Sentiment & flows - 06:39
US politics & landscape - 07:11
Healthcare is being disrupted - 10:35
Innovation - 11:20
Diabetes management example - 11:52
Why Polar Capital? - 15:13
The team - 15:43
Products - 15:46
Q&A 16:32
Polar Capital Global Healthcare Trust plc, formerly Polar Capital Global Healthcare Growth and Income Trust plc, is a United Kingdom-based investment trust company. The Company's investment objective is to generate capital growth by investing in a global portfolio of healthcare stocks. The Company seeks to achieve its objective by investing in a diversified global portfolio, consisting primarily of listed equities issued by healthcare companies involved in pharmaceuticals, healthcare services, medical technology and biotechnology. The portfolio is diversified by geographic location and size of investee companies. The Company’s investment manager is Polar Capital LLP.
Friday Dec 13, 2019
Friday Dec 13, 2019
This video can be seen at: https://www.piworld.co.uk/2019/12/13/ilika-ika-capital-markets-day-december-2019-solid-state-battery-technology/
The CMD was held to enable investors to meet management and see the newly opened facilities in Hampshire. The roadmap for the future was outlined, where solid state batteries are important to EV development, but also for other early adopters, such as consumer electronics and domestic appliances. Guest speakers were Asad Farid, Analyst, Berenberg, on battery technology and the costs. And, Adam Collins, Analyst Liberum, about the EV road map.
For those who just want a flavour of the day, and the key messages, just watch the short highlights video, (18sec-4m30s).
Short 4-minute highlights & site visit to new facility – 00:18-04:30
The full footage of the IKA Capital Markets Day – 04:30
Graeme Purdy, CEO
Introduction – 04:30
Ilika business overview & history – 05:10
Energy storage solutions – 08:05
Stereax product evolution – 10:03
Stereax commercial highlights – 13:05
Stereax development & manufacturing partners – 15:14
Ilika business model – 17:06
Goliath market needs for EVs – 19:30
Battery technologies: size and weight – 22:20
Solid-state batteries: advantages & challenges – 24:38
Solid-state competitive landscape – 26:49
Unit cost analysis /kWh – 29:42
How can Ilika beat the competition? – 30:44
Timeline – 35:15
Financial summary for H1 – 37:58
Summary – 40:43
Asad Farid, Analyst, Berenberg
Battery technology and costs – 42:13
Adam Collins, Analyst, Liberum
The EV battery roadmap – 01:55:57
Q&A – 01:12:32
Ilika plc is the holding company. The Company is engaged in the production, design and development of high throughput methods of material synthesis, characterization and screening. It has developed solid-state battery technology to meet the demands of the Internet of Things (IoT). The Company has materials development programs addressing a range of applications, including the solid-state battery, aerospace alloys and electronic materials. It has developed a type of lithium-ion battery, which, instead of using the usual liquid or polymer electrolyte, uses a ceramic ion conductor. It offers Stereax M250 rechargeable, thin film battery. It has applications in autonomous sensor devices, smart homes (heating, ventilation and air conditioning (HVAC), security, light), automotive (infotainment, sensors), logistics (asset tracking), medical devices (biometric monitoring) and wearables. It is also developing superalloys, self-healing alloys and smart materials for electronic data storage.
Friday Dec 06, 2019
Friday Dec 06, 2019
Spencer Crooks, ex Director of Market Making at Winterfloods talks to Tamzin Freeman.
We learn a little more about dark pools, tree shakes and much more. And yes, market makers can and do get it wrong!
Do you invest your own money? And how do you get the best price? – 00:28
What do you do on a profit warning? - 01:40
What are the tricks to the trade? - 05:40
Has regulation changed market making? - 07:05
Liquidity - 08:28
How do you see the future of the market? - 11:28
Dark pools - 16:13
Tree shakes - 18:54
Spoofing and layering - 22:36
Algorithmic trading - 26:04
RSP (Retail Sales Price) - 29:09
Direct market access - 35:23
How often does the market maker get it wrong? - 36:43
About Spencer Crooks: Joined Bisgood Bishop in 1985. After takeover of Bisgood Bishop, traded at County NatWest until 1988, before leaving to join Winterflood Securities. Became a director in August 1999. Appointed FSI 2006.
Friday Dec 06, 2019
Friday Dec 06, 2019
CO-CEO & Co-Founder Julie Lavington and Head of Finance, James Bowling present the company’s interim results to 30th September 2019.
Julie Lavington
Introduction & Overview – 00:18
James Bowling
Financial review – 02:29
Income statement – 02:33
H1 revenue progression - 02:43
Repeat order growth - 03:04
Investment in team & marketing - 03:42
Growing lifetime revenues - 04:29
Customer growth - 05:08
KPI’s - 05:44
Gross profit - 07:16
Average order value & margin - 07:46
Balance sheet - 08:17
Julie Lavington
Stronger foundations for growth - 09:01
Investment in team - 09:12
Product range expansion - 10:36
Marketing - 13:08
TV advertising - 16:18
Celebrities - 19:18
Industry recognition - 20:25
Outlook - 22:45
Q&A 23:40
Sosandar PLC, formerly Orogen PLC, is a United Kingdom-based company that operates an online women’s wear platform. The Company’s clothing categories include dresses, jackets and coats, knitwear, shirts and blouses, tops, skirts, trousers, jeans, leggings, footwear, leather and suede, occasion wear, work wear, autumn trends, velvet and holiday shop. Its footwear products include Pewter Metallic Chelsea Boot, Red Leather Ankle Boot, Velvet Cylinder Heel Ankle Boot, Black Leather Stud Detail Ankle Boot, Black Suede Closed Toe Mule, Grey Velvet Court Shoe With Jeweled Brooch, Black Suede And Pewter Metallic Court Shoe, Black Leather Front Zip Ankle Boot, Leopard Print Leather Chelsea Boot, Steel Blue Leather Snake Print Ankle Boot And Black Suede Knee Boot. It also offers latest edit of day-to-night dresses, on-trend separates, luxe leather and outfit-topping shoes through its platform.
Wednesday Dec 04, 2019
Wednesday Dec 04, 2019
By Andrew Fox, Executive Chairman & Mark Stewart, CEO
Andrew Fox, Executive Chairman
Introduction – 00:18
Mark Stewart, CEO
Organisation chart & customers - 00:58
IMC history - 02:28
IMC What they do - 07:25
IMC/Bank of Telecom PaaS – benefits - 09:14
IMC brands - 14:11
IMC Bank of Telecom revenues & financial performance to date - 15:26
IMC vision - 17:30
IMC performance & 19/20 plan - 18:25
Andrew Fox, Executive Chairman
The IMC investment opportunity - 19:16
IMC share price history - 21:56
Q&A - 24:15
About IMC
Established in the UK in 2012, Internet Mobile Communications Ltd (‘IMC’) is a FinTech and international telecommunications business. IMC has three divisions comprising International Carrier Services and settlements, Retail and Mobile Marketing, with presence in the UK, Moldova, Chile, India and Malta.
Tuesday Dec 03, 2019
Tuesday Dec 03, 2019
Blue Whale Capital investor presentation at Mello London November 2019
Presented by Stephen Yiu, Chief Investment Officer
Stephen outlines the investment objectives of the Blue Whale Growth Fund, and how they achieve their market beating performance.
What Blue Whale do? – 00:23
Flagship fund – Blue Whale Growth - 03:05
Investment process – significant out performance focussed - 04:02
Invest in high quality businesses - 05:47
What an attractive price means - 10:10
Portfolio construction – invest in what we know best - 17:20
What drives us to sell? - 20:28
How do we define risks? - 21:45
How we work as a team - 23:36
Portfolio characteristics - 25:10
Portfolio positions & Performance - 27:24
Blue Whale investment objective: The investment objective of the fund is to achieve capital growth over the long-term by investing in equities on a global basis, with a current focus on developed markets. The portfolio will be concentrated, generally comprising between 25 to 35 stocks. In our view investments must fall into the below criteria in order to qualify for selection within the portfolio: 1. The business must be fundamentally attractive, this means • it has the ability to grow and improve profitability over the long term • it must not face structural or imminent cyclical issues 2. The business must have an attractive price; • the business must have a current valuation that is attractive relative to its future growth and profitability • we expect the business to receive favourable revisions of medium-term consensus growth and profitability expectations These criteria enable the Investment Manager to select investments from a broad range of geographies and sectors with no particular sector or style bias. The Investment Manager will conduct detailed bottom-up fundamental research on each potential investment and in most cases produce their own financial model and forecasts of future performance.
Monday Dec 02, 2019
Monday Dec 02, 2019
Presented by Paul Fineman, CEO & Giles Willits, CFO
Paul and Giles run through a strong set of H1 results, in spite of Brexit and China headwinds. They continue to grow margins, through creating value for customers. EPS growth at a lower percentage than PTP growth, simply down to month weightings on the Impact acquisition. Going forward they look to achieve on-going double digit earnings growth, greater than 75% cash conversion and ROCE greater than 24%. To be achieved through both organic growth and acquisition.
Paul Fineman, CEO
Half year highlights - 00:27
Revenue breakdown - 02:29
Giles Willits, CFO
Financial overview - 03:50
P&L - 05:29 Profit growth in key territories - 07:56
Cash flow - 12:05
Balance sheet reflects adoption of IFRS16 - 13:39
Brexit & China tariffs - 15:17
Future targets - 18:28
Paul Fineman, CEO
The strategy - 20:38
Experienced decentralised team - 24:28
Creating value for customers - 25:31
Opportunities by category & geography - 26:19
Acquisitions – 29:11
H2 focus - 32:21
Why invest? - 34:12
Q&A – 35:07
IG Design Group plc, formerly International Greetings plc, is engaged in the design, manufacture and distribution of gift packaging and greetings; stationery and creative play products, and design-led giftware. The Company's geographic segments include UK and Asia; Europe; USA, and Australia. The Company sells its products in over 150,000 stores across approximately 80 countries. It also offers a portfolio of licensed and customer bespoke products suitable for sale through multi channel distribution. The Company's products include crackers, pens and pencils, stickers, single cards and gift wrap. The Company offers its products under the brands A Star, B Stationery, Papercraft and Pepperpot. Its subsidiaries include Artwrap Pty Ltd, International Greetings UK Ltd, International Greetings USA, Inc, International Greetings Asia Ltd, The Huizhou Gift International Greetings Company Limited, Hoomark BV, Anchor International BV and Hoomark S.p.z.o.o.
Monday Dec 02, 2019
Monday Dec 02, 2019
Ian Smith, CEO and Ed Rimmer, COO give an overview of the business, and their strategy to grow from £140m loan book, to £350m by 2024.
Ian Smith, CEO
Introduction – 00:18
Who we are & what we do - 01:16
Market positioning - 02:46
Four operating divisions - 03:19
Core competencies - 07:10
Ed Rimmer, COO
The business model - 10:19
Financial highlights - 14:23
Strategic plan - 19:21
Management team - 25:47
Competition - 30:08
Summary - 31:47
Q&A – 33:25
1pm plc is a holding company. The Company provides financial services to the United Kingdom businesses. The Company finances a range of business assets to small and medium sized enterprises (SMEs). The Company offers small business loans, lease finance and hire purchase. The Company's leasing portfolio consists of a mixture of sectors and assets, such as garages, cleaners, fish and chip shops, and beauty salons. The Company offers equipment finance and hire purchase finance for various assets, such as Beauty equipment; Cleaning equipment; Manufacturing equipment; Medical equipment; Gym equipment; Catering/kitchen equipment; Restaurant/cafe/pub equipment; Copiers, faxes, scanners, projectors and printers; Security systems; Construction equipment; Furniture; Computers/Servers and hardware, and Telecoms equipment. The 1pm SME loan product is available to various businesses. The money borrowed can be used for various purposes, such as Audit fees, cash flow and Website design.
Friday Nov 29, 2019
Friday Nov 29, 2019
Spencer Crooks, ex Director of Market Making at Winterfloods talks to Tamzin Freeman, piworld.
Spencer gives us a fascinating insight into the day in the life of a Market Maker.
This is the first of two parts. The second part goes into more technical details of market making.
Both parts are a must watch, to understand what’s going on behind the scenes to determine how stocks are priced.
Spencer’s background – 00:22
What do Market Makers do? – 01:35
Risk management by Market Makers - 04:29
Market Makers: the institutions & retail - 06:22
Market Makers: the business model - 08:04
How do you set a price? - 11:37
How do you set the spread? - 14:32
How do you set the market size? - 16:11
The difference between quote driven or order driven stocks - 17:37
How helpful is Level 2 to the retail investor? – 19:18
The relationship with the broker – 21:40
What’s the relationship like between Market Makers? - 25:38
How large is the research function at Winterfloods? - 29:23
How many companies does an individual Market Maker cover? - 30:45
How is a stock priced on the morning of a profit warning? - 33:04
What makes a good market maker? - 35:34
About Spencer Crooks: Joined Bisgood Bishop in 1985. After takeover of Bisgood Bishop, traded at County NatWest until 1988, before leaving to join Winterflood Securities. Became a director in August 1999. Appointed FSI 2006.
Tuesday Nov 26, 2019
Tuesday Nov 26, 2019
Bernard Johnson, Group Managing Director, Paul Forster, Group Finance and Commercial Director and Pippa Clark summarise the last six months both financially and operationally, and update us on what we can expect, going forward.
Bernard Johnson, Group Managing Director
Introduction – 00:18
Current performance – 01:29
Paul Forster, Group Finance & Commercial Director
Financial highlights – 02:45
Revenue – 06:59
Operating profit – 08:28
Profit margins/ EPS / cash – 09:51
Pippa Clark, Global Sales and Marketing
Division performance – 14:55
Private label highlights – 17:30
Brand highlights – 20:56
Brand developments – 24:10
Drivers for growth – 27:45
Bernard Johnson, Group Managing Director
Outlook – 31:26
Martin Hawes, Group Operations Director
Introduces himself – 35:06
Q&A – 36:14
Creightons plc is engaged in the development, marketing and manufacture of toiletries and fragrances. The Company operates through three business streams: private label business, contract manufacturing business and branded business. Its private label business focuses on private label products for high street retailers and supermarket chains. Its contract manufacturing business develops and manufactures products on behalf of third party brand owners. Its branded business develops, markets, sells and distributes products it has developed and owns the rights to. Its product portfolio includes bath and shower care, haircare, body care, baby and maternity, and fragrances, among others. Its services include market analysis, creative concept generation, product development, brand development, manufacturing and logistics. Its brands include Frizz No More, Volume Pro, Argan Body, Argan Smooth, Keratin Pro, Perfect Hair, Bronze Ambition, Sunshine Blonde, Beautiful Brunette and Just Hair.
Tuesday Nov 26, 2019
Tuesday Nov 26, 2019
This video can be seen at: https://www.piworld.co.uk/2019/11/26/inspired-energy-inse-investor-presentation-at-mello-london-november-2019/
Mark Dickinson, CEO talks us through the business proposition of Inspired Energy, and his strategy going forward. Mark is an experienced pair of hands, with 20 years’ experience in the sector, having been CEO of M&C Energy before selling to Schneider Electric in 2013.
Introduction - 00:18
The Journey – 01:25
Key stats as at August 2019 – 02:14
What do INSE do? - 02:25
The Market Opportunity – 10:00
Competitors - 13:30
Growth strategy - 14:50
IGNITE investment - 19:50
The Opportunity – 23:02
Inspired Energy PLC provides energy purchasing and energy consultancy services to corporate, and small and medium-sized enterprise (SME) energy users. The Company's segments include The Corporate division (Corporate), The SME division (SME) and PLC costs. The Corporate segment includes operations of Inspired Energy Solutions Limited, Direct Energy Purchasing Limited, Wholesale Power UK Limited and STC Energy and Carbon Holdings Limited. Corporate's services are primarily in the review, analysis and negotiation of gas and electricity contracts on behalf of corporate clients. It provides additional services, which include energy review and benchmarking, negotiation and bill validation. The SME segment includes the operations of Energisave Online Limited, KWH Consulting Limited and Simply Business Energy Limited. Within the SME division, the Company's energy consultants contact prospective SME clients to offer reduced tariffs and contracts based on the situation of the customer.
Friday Nov 22, 2019
Friday Nov 22, 2019
An overview of Kape (formerly Crossrider), by Ido Erlichman, CEO. This was recorded BEFORE the game changing acquisition of LTMI Holdings. It gives great insight to the strategy, and the lay of the land before LTMI.
Introduction – 00:18
Investment highlights – 00:53
KAPE in numbers - 01:58
H1 highlights - 03:08
Consumer digital privacy market drivers - 05:22
Significant growth opportunity - 07:24
Core software products - 09:01
Consumer focussed interface - 10:12
Growing subscription base - 11:01
Financial performance - 11:51
Cash flow analysis - 12:45
ROI growth - 13:20
A de-risked revenue model with strong visibility - 15:04
Existing cohorts are a growing source of future collections - 17:06
KPIs - 17:43
ZenMate & Intego - 18:35
Ongoing growth strategy - 20:09
Summary - 22:18
Q&A - 23:32
Kape Technologies PLC, formerly Crossrider plc, is a United Kingdom-based online distribution and digital product company. The Company operates through three segments: App Distribution, Media, and Web Apps and License. Through the App Distribution segment, the Company offers Reimage, a computer repair software; DriverAgent, a driver repair software; CyberGhost, a virtual private network solution, and associated services. The Company’s Media division provides media and advertising technology services that include media buying, ad agency services, and ad serving technologies. It offers Ajillion, a mobile ad server and exchange; Definiti Media, an advertisement network, and crossmob, a mobile marketing application. Through the Web Apps and License division, the Company licenses web apps monetization platform and associated technologies.
Friday Nov 22, 2019
Friday Nov 22, 2019
This video can be seen at: https://www.piworld.co.uk/2019/11/22/what-went-wrong-at-woodford-a-forensic-investigation-of-the-woodford-equity-income-fund-history/
By Edward Page Croft, Founder Stockopedia, speaking at Mello London 2019.
Ed uses the research tools offered by Stockopedia to expose the investing themes across the lifetime of the Woodford Equity Income Fund. Although nothing can be done to reverse events for Woodford holders, there are insights we can all learn for our own more successful investing; especially with the help of Stockopedia!
Agenda – 01:49
Woodford: The Perpetual Years 1988-2014 – 02:28
2012: A sign of things to come? – 03:07
Woodford Capital: 2014-2018 – 04:31
Stockopedia: framework for analysis – 05:21
Woodford Fund holdings 2014 – 15:03
Woodford Fund holdings 2015 – 21:02
Woodford Fund holdings 2016 – 23:57
Northwest Biotherapeutics – 26:35
Speculative, healthcare, momentum? – 27:47
Woodford Fund holdings 2017 – 28:20
WEIF Assets under management – 28:53
2017 the tipping point – 29:23
PurpleBricks & Burford Capital – 31:16
Woodford Fund holdings 2018 & redemptions – 32:49
AstraZeneca – 37:51
2019 – 38:33
WEIF portfolio over time – 41:20
The insights we can all learn – 46:20
About Edward Page Croft.
Ed has been the steward of the Stockopedia mission since day one with the goal of building the systematic toolkit to solve his own behavioural biases. Ed was an Oxford Scholar, graduating with first class honours before going on to work as an asset manager and private client broker at Goldman Sachs. Ed has a mystery song on Youtube that gets playlisted more than the Beatles and likes to bowl awkward fast medium bouncers.
Thursday Nov 21, 2019
Thursday Nov 21, 2019
This video can be seen at: https://www.piworld.co.uk/2019/11/21/charles-stanley-cay-interim-results-to-30-09-19/
Paul Abberley, CEO, and Ben Money-Coutts, CFO, give an overview financially and operationally on the first half, inspiring confidence for the full year.
Paul Abberley, CEO
Results overview - 00:24
Ben Money-Coutts, CFO
Financial highlights - 00:57
Transformation programme: financial – 04:01
Paul Abberley, CEO
Transformation programme: sales – 06:19
Transformation programme: Operational efficiency – 07:11
Outlook – 08:36
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 (IHT) services and investment research to the Investment Management Services division and clients. The Financial Planning division provides financial planning and advice. Charles Stanley Direct provides direct-to-client online dealing and fund broking services.
Wednesday Nov 20, 2019
Wednesday Nov 20, 2019
By Paul Haworth, CFO.
Paul describes the background of GetBusy, their products, their markets, and their vision for growth.
What does GETB do? – 00:35
Origins to the present – 00:54
Major shareholders – 01:58
GETB products – 02:23
The problems GETB solve – 03:17
GETB document management products – 06:10
GETB markets – 08:11
GETB growth drivers – 09:05
Customers – 10:26
Pricing – 12:02
Competitors – 14:17
The strategy – 16:12
GetBusy new product – 19:32
Financials – 23:10
Upcoming events – 27:07
Summary & priorities – 27:59
Q&A – 29:05
GetBusy plc is a United Kingdom-based company. The company is engaged in document management software business. The Company’s product offering includes Virtual Cabinet and SmartVault. The Virtual cabinet is document management software focused on the medium size to enterprise size content management (ECM) markets. It is used by accounting firms in the United Kingdom. SmartVault product is document management software targeting the professional small and medium enterprise (SME) market. The Company has operations across the United Kingdom, United States, Australia and New Zealand.
Monday Nov 18, 2019
Monday Nov 18, 2019
By Nick Brind, Fund Manager
Introduction – 00:18
The financial sector 10 yr performance - 01:38
Bank balance sheets - 02:10
Banks appetite for risk reduced - 03:32
Few signs of balance sheet stress – 05:19
Banks have significantly more liquidity - 06:17
FinTech - 07:37
Monzo & Revolut v One Savings Bank & Close Brothers v peer to peer - 08:30
Peak regulations for banks? - 14:00
How are the banks reacting to challengers? - 16:03
Capital return - 18:20
US Consumer leverage has fallen - 19:27
Have macro concerns outweighed fundamentals - 21:07
Bank have significantly de-rated - 22:40
Polar Capital Global Financials Trust - 25:43
PCFT performance v UK banks and competitor funds - 26:43
Top holdings & Geographic exposure - 27:25
Q&A - 28:18
Polar Capital Global Financials Trust plc is an investment trust company. The Company's investment objective is to generate for investors a growing dividend income together with capital appreciation. The Company seeks to achieve its objective by investing in a global portfolio consisting of listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other sub-sectors. The portfolio is diversified by geography, industry sub-sector and stock market capitalisation. It may invest through equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options and other instruments, including derivatives. It offers investors a range of funds diversified by asset class, geographical and sectorial specialisation. The Company's investment manager and advisor is Polar Capital LLP.
Monday Nov 18, 2019
Monday Nov 18, 2019
By Dorian Gonsalves, CEO
Introduction & overview – 00:18
The Belvoir business – 04:07
Belvoir’s markets - 11:37
Belvoir’s future - 17:36
The investment case - 24:58
Q&A - 26:30
Belvoir Group PLC, formerly Belvoir Lettings PLC is a United Kingdom-based company engaged in selling, supporting and training residential lettings franchises. The Company operates a nationwide property franchise group with four brands that offer a range of services in property rental, property management, residential lettings, buy to let and property sales. Its property franchise group manages approximately 58,000 properties in Grantham, Lincolnshire.
Thursday Nov 07, 2019
Thursday Nov 07, 2019
By Stuart Green, CEO & Phil Blundell, CFO
Stuart Green, CEO
ZOO at a glance – 00:18
Phil Blundell, CFO
Financial highlights - 02:36
Stuart Green, CEO
Operational highlights - 04:32
OTT video market - 09:57
Growth – Four Strategic Pillars - 14:10
Innovate - 14:59
Scale – 17:30
Collaboration – 18:50
Partner – 20:51
Phil Blundell, CFO
Statement of income - 21:50
Consolidated financial position - 24:36
Segmental analysis - 25:40
Stuart Green, CEO
Outlook – 27:55
Investment summary - 29:58
Q&A – 32:00
ZOO Digital Group plc is a holding company. The Company's principal activities include provision of a range of services to allow television and movie content to be subtitled in any language and prepared for sale with online retailers, and research and development of productivity software in those areas. The Company operates through two segments: Software solutions, which includes development, consultancy and software sales, and Media production, which includes localization and design. The Company offers services, including subtitling, captioning, dubbing and digital distribution. The Company offers services through its cloud computing platforms, including ZOOsubs, which offers subtitling and captioning services; ZOOcore, which is a workflow management platform; ZOOstudio, which is a self-service distribution platform for ordering, tracking and delivering digital content packages, and ZOOdubs, which is a dubbing process management platform.
Wednesday Nov 06, 2019
Wednesday Nov 06, 2019
CEO Phillip Wale presents an overview of the Group's half year results to 3oth September 2019.
Overview - 00:19
Financial highlights - 00:50
Wealth Management - 01:39
Corporate and institutional broking - 02:12
Board appointments - 02:55
Proposed placing - 03:27
Summary & outlook - 04:00
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.
Tuesday Nov 05, 2019
Tuesday Nov 05, 2019
CEO Dean Dickinson and CFO Haywood Chapman, talk about the Group’s interim results for the period ending 30th September 2019
Introduction – 00:22
Recent challenges & solutions– 00:37
Financial highlights – 05:49
Operational progress – 07:14
Client wins – 10:26
Cross-selling – 11:42
Growth Strategy – 12:46
Summary & outlook – 13:10
Castleton Technology plc, formerly Redstone PLC, is an investment holding company. The Company is engaged in providing software and managed services to the public and not-for-profit sectors, mainly the social housing sector. Its segments include Managed Services, which consists of Castleton Managed Services Limited and Keylogic Limited, and Software Solutions, which consists of the results of Castleton Software Solutions Limited, Kypera Limited and Kypera Pty. It offers KYPERA FINANCIALS, a finance solution, which uses a single ledger format; EDRM, which is an electronic document and records management system that allows organization to manage its documents and supporting information; P2P, which manages repairs and non-repairs processes and integrates finance and repairs system; AGILE, OPUS SERVICE CHARGES and MANAGED SERVICES. Its subsidiaries include Castleton Technology Intermediate Holding Company Limited, Castleton Group Holdings Limited and Castleton Information Group Limited.
Tuesday Oct 29, 2019
Tuesday Oct 29, 2019
Stephen shares his investing wisdom, in his engaging and entertaining style. Highly recommended.
Retail Life Cycle – 01:14
Domino’s Pizza – 02:40
Shoe Zone - 06:19
Buy and build strategy - 12:02
Restore - 20:37
Earnings accretive can value destruct – 25:58
Gartners hype cycle - 27:27
Vertu Motors: forward PE de-rating - 30:23
Rumsfeldian investing – unknowns can be profitable - 31:48
KPI’s – 34:56
For the traders: charts - 35:37
Formula for success - 37:05
About Stephen English BA(Hons), CFA Chartered FCSI Investment Director – Head of AIM stocks, Blankstone Sington Stephen joined Blankston Sington in 2002 and works as an analyst generating research and investment recommendations across large and mid-cap companies as well as collective investment funds. Stephen is also responsible for selecting stocks in the Inheritance Tax Portfolio, comprised of AIM listed companies, which has been successfully managed since its inception in 2010. Stephen is a Chartered Fellow of the Chartered Institute for Securities & Investment (FSCI) and also holds the Chartered Financial Analyst® designation (CFA®). The CFA® designation is globally recognised and attests to a holder’s success in a rigorous and comprehensive study program in the field of investment management and research analysis. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. https://www.blankstonesington.co.uk/
Friday Oct 25, 2019
Friday Oct 25, 2019
Phil Reason, CEO, gives a comprehensive overview of the investment case for Instem.
Introduction by Gareth Evans, Progressive Equity Research – 00:18
Phil Reason, CEO
Introduction – 01:05
What is Instem? – 03:02
Market leader – 06:22
Market drivers – 08:38
INS from discovery to post marketing – 13:13
Study management – 16:42
Regulatory solutions – 19:43
SEND Outsourced Services Growth – 23:04
Informatics – 26:10
Financial highlights H1 19 – 29:50
Summary – 30:20
Q&A – 31:27
Instem plc is a supplier of information technology (IT) applications to the early development healthcare market delivering solutions for data collection, management and analysis across the research and development continuum. The Company is engaged in Global Life Sciences operations. Its lead product suite, Provantis, is an application in the Early Development Safety Assessment (EDSA) market. The Provantis solution incorporates a suite of modules required for managing and recording EDSA studies, from receipt of the compound through to the automated assembly of statistical analyses and final reports. Its software allows scientific staff to collect, analyze and share data across the organization and externally. It also offers ALPHADAS, an early phase clinical software solution. The Company offers Centrus suite, which provides pre-built applications, as well as the ability to utilize a range of business intelligence and analysis tools.
Friday Oct 25, 2019
Friday Oct 25, 2019
This video can be seen at: https://www.piworld.co.uk/2019/10/25/ecsc-group-ecsc-presentation-at-sharesoc-october-2019/
by Ian Mann, CEO and Founder
Introduction - 00:18
What ECSC do - 01:41
The market - 08:09
New cyber security vulnerabilities - 09:37
Major GDPR fines - 10:56
Jan-June 19 financial performance -15:10
Organic revenue growth - 18:11
KPIs - 19:00
Outlook - 20:08
Summary - 21:10
Q&A - 21:50
ECSC Group plc is a United Kingdom-based information and cyber security service provider. The Company offers a range of cyber security solutions and services to the sectors, including education, retail, legal, financial and local authorities. It offers services to e-commerce start-ups and global organizations. Its PROTECT division delivers the ECSC PCI DSS certified Security Operations Centre, which supports around the clock services for clients wishing to outsource their cyber security device management. The ECSC SOC supports a range of ECSC LABS security appliances, along with its ECSC SELECT vendor products. Its consultancy services, part of the ECSC ASSURE division, offer advice on compliance to industry standards. It offers a range of testing services, both technical and non-technical, to uncover its clients' vulnerabilities and suggest an appropriate plan to resolve them. As part of its testing service line from ECSC ASSURE, it also certifies to Cyber Essentials requirements.
Monday Oct 21, 2019
Monday Oct 21, 2019
An overview of Everyman H1 results by Crispin Lilly, CEO & Elizabeth Lake, CFO, presenting in the Everyman cinema at Kings Cross.
Crispin Lilly, CEO
Introduction - 00:18
Overview - 01:36
The evolution of Everyman - 03:04
What makes EMAN unique - 05:28
Food and drink - 06:31
Film content - 07:42
Motivated team - 09:13
Highlights of the period - 10:11
KPIs – 18:08
Elizabeth Lake, CFO
Introduction - 19:37
P&L - 20:17
EBITDA bridge - 24:20
Balance sheet - 25:33
Cashflow statement - 27:13
Crispin Lilly, CEO
Estate profile – 29:04
New markets - 33:20
UK cinema market - 34:43
Streaming - 36:28
Conclusion - 38:23
Q&A - 38:58
Everyman Media Group plc is a United Kingdom-based holding company. The Company is an independent cinema group in terms of cinema venues, screens and admissions. The Company's segments include film and entertainment, food and beverages, and other. The Company and its subsidiaries are engaged in the ownership and management of cinemas in the United Kingdom. It has a portfolio of over 20 venues and approximately 40 screens operating under the Everyman brand. It shows a range of current and classic films alongside event cinema productions. The Company has its venues in the following locations, such as at the Mailbox in Birmingham; Hampstead, Baker Street, Barnet, Belsize Park, Canary Wharf, Islington, Maida Vale and Muswell Hill in London; Hampshire in Winchester; Surrey in Walton-On-Thames, Surrey in Reigate and others. The Company's subsidiaries include Everyman Media Holdings Limited and Everyman Media Limited, both of which are engaged in the cinema management and ownership.
Thursday Oct 17, 2019
Thursday Oct 17, 2019
By Helen Steers, Partner and Andrew Lebus, Partner
A fascinating overview of the private equity markets by Helen, followed by Andrew who talks specifically about Pantheon International, and what it offers investors.
Helen Steers, Partner
Introduction – 00:18
Private Equity market – 02:10
Opportunity set in Private Markets - 09:00
Types of private equity - 10:13
Typical private equity structure - 12:11
Lifecycle of a PE fund - 13:07
How PE creates value - 15:27
Andrew Lebus, Partner
Accessing Private Equity - 20:07
What PIP offers - 24:29
Approach for portfolio construction - 26:28
PIP : A cash generative portfolio - 28:16
PIP: Access to international growth companies - 29:32
Summary - 30:43
The Company's primary investment objective is to maximise capital growth by investing in a diversified portfolio of private equity funds and directly in private companies.
Tuesday Oct 15, 2019
Tuesday Oct 15, 2019
This video can be seen at: https://www.piworld.co.uk/2019/10/15/eagle-eye-eye-fy19-results-september-2019/
A comprehensive overview of the year operationally & financially by Tim Mason, CEO & Lucy Sharman-Mundy, CFO
Tim Mason, CEO
Eagle Eye - 00:44
Executive summary – 02:04
eCommerce tools to bricks & mortar retailers - 02:40
EYE KPI’s - 04:41
EYE investment case summary - 05:36
Lucy Sharman-Mundy, CFO
Revenue split by business model - 07:28
Price per transaction - 08:47
Illustrative contract lifecycle - 10:16
Tim Mason, CEO
Strategic update - 11:37
Delivering on customer strategy - 12:44
Loblaw’s 14:26
Innovation - 15:48
New geographies - 17:30
Operations - 20:38
Looking ahead - 23:54
Lucy Sharman-Mundy, CFO
Financial results FY19 - 26:38
Tim Mason, CEO
Outlook - 33:05
Q&A – 34:20
Eagle Eye Solutions Group plc is a software as a solution (SaaS) technology company. The Company is engaged in the marketing, validation and redemption of digital promotions in real-time for the grocery, retail and hospitality industries. The Company's software platform, Eagle Eye AIR, integrates with all existing point of sale (POS) systems and creates digital offers, rewards and vouchers then delivers them to customers by e-mail, text or through a loyalty application for instant redemption. Eagle Eye AIR enables brands and merchants to set up targeted campaigns, choosing various media channels to reach specific demographics. Eagle Eye AIR captures real-time data on consumer activity and campaign success. Eagle Eye Promote is a rules-based platform for brands and retailers, which creates, builds and manages their promotional campaigns. Eagle Eye Gift allows tracking of gift vouchers, including redemption data. Eagle Eye Reward supports and enables the digitization of loyalty schemes.
Wednesday Oct 09, 2019
Wednesday Oct 09, 2019
By Ron Series, Executive Chairman, Lloyd Dunn, CEO & David Mulligan, CFO
A comprehensive outline of DX Group by the management, who joined from 2017, summarising what they’ve achieved over this time.
Ron Series, Executive Chairman
Who are DX.? - 00:32
Executive Team - 01:37
Divisional Structure - 02:35
Summary FY19 – 03:55
Lloyd Dunn, CEO
DX Freight - 04:38
DX Express – 07:52
David Mulligan, CFO
Financial overview FY19 - 12:20
Ron Series, Executive Chairman
Summary – 16:02
DX (Group) plc is engaged in the provision of parcels, mail and logistics services in the United Kingdom and Ireland. The Company's segments include parcels and freight, mail and packets, and logistics. The parcels and freight segment offers services, such as DX 1-Man, engaged in the delivery of irregular dimension and weight items; DX Courier, which provides next day parcel services, and DX 2-Man, which offers a business to consumer home delivery solution for heavier and bulkier items. The mail and packets segment comprises services DX Exchange, a business to business (B2B) mail service providing its customers with collection and delivery times; DX Secure, which provides security, and DX Mail, a mail service offering downstream access for smaller volume users. The logistics segment includes the provision of customer-liveried vehicles and uniformed personnel, such as fleet management solutions and integration with customer's business operations.
Tuesday Oct 08, 2019
Tuesday Oct 08, 2019
piworld’s Tamzin Freeman talks to CEO Mark Briffa about the Group’s half year results for the period ended 31st July 2019.
Introduction – 00:22
Financial highlights – 00:53
Operational highlights – 02:12
Market backdrop – 03:07
Pipeline – 04:37
NGS partnership – 05:22
Outlook – 06:07
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 Consulting & Training 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 Consulting & Training (Baines Simmons, Clockwork Research, SafeSkys and Air Partner’s Emergency Planning Division).
Thursday Oct 03, 2019
Thursday Oct 03, 2019
By Alasdair Haynes, CEO & Jonathan Clelland, CFO
Overview on H1 19 both operationally and financially, and more detail on the proposed acquisition of the NEX Exchange.
Introduction – 00:18
Aquis Exchange at a glance – 01:16
H1 19 overview - 08:35
KPIs - 10:30
Liquidity - 13:45
Aquis Exchange growth - 16:23
Financial performance H1 19 - 18:19
Progress at the Exchange division – 23:17
Progress on technologies division and market data - 28:27
Proposed acquisition of NEX Exchange - 33:57
Q&A - 41:26
Aquis Exchange PLC, formerly Aquis Exchange Limited, is a United kingdom-based company that operates as a pan-European cash equities trading exchange. The Company’s lit order book allows institutional traders to trade the stocks from 14 European countries. Its Market at Close order type allows members to enter orders on Aquis Exchange at the closing price of the market-of-listing end-of-day auction. It offers trading in a range of European financial instruments, including the constituents of the European indices from various markets. Its software and technology division, Aquis Technologies, develops trade surveillance and matching engine software for banks, investment firms and exchanges. Aquis Market Surveillance is a market surveillance platform for exchanges, multilateral trading facility, brokers and other trading firms. The features of its AMS include case management, market abuse indicators, management information system, order book replay and intraday alert parameter control.
Wednesday Oct 02, 2019
Wednesday Oct 02, 2019
With an introduction by Gareth Evans, Progressive Equity Research. Sam Smith, CEO, outlines the business model for finnCap, the rationale behind the recent IPO and what's happened since. Tom Hayward, CFO runs through the financials, and combining with Cavendish.
Sam Smith, CEO
Overview of finnCap - 00:33
Market opportunity - 02:02
Financial highlights - 03:31
The ambition - 03:57
Tom Hayward, CFO
Financials - 5:48
KPIs - 10:04
Rationale for combining with Cavendish - 10:55
Sam Smith, CEO
What the combined group has achieved to date - 13:57
finnCap business strategy - 15:17
Q&A - 17:16
finnCap Group Plc is a United Kingdom-based investment adviser and broker. The Company focuses on providing the financial services to public or private sectors. Its principal activities are equity capital market focused and delivered through teams specializing in corporate finance and broking, equity sales, agency trading and market making and research.
Monday Sep 30, 2019
Monday Sep 30, 2019
Founder & CEO Carl Cavers and CFO David Wilton present the Group’s interim results for the six months ended 30th June 2019.
Sumo Group plc is a United Kingdom-based company that provides development services to the video games and entertainment industries. The Company's operating businesses include Sumo Digital Ltd. (Sumo Digital) and Atomhawk Design Ltd (Atomhawk). Sumo Digital is a developer of AAA-rated video games, providing both turnkey and co-development solutions to blue-chip client base. Atomhawk is a visual design company that provides services to the games, film and visual effects industries. Together, the Company delivers visual and development solutions, which include initial concepts and pre-production, production and development, and post-release support.
Friday Sep 27, 2019
Friday Sep 27, 2019
This video can be seen at: https://www.piworld.co.uk/2019/09/27/the-panoply-tpx-capital-markets-day-september-2019/
With Neal Gandhi, Oliver Rigby
A helpful overview of TPX which IPO’d December 2018. The overview by Neal and Ollie gives the purpose and vision for the company. The presentation by FutureGov, Human + & Greenshoot Labs, gives a sense of their acquisitions and the people behind them.
Introduction – 00:18
Financial highlights FY19 – 04:36
Sticky customers – 06:25
The team – 07:14
The history – 11:39
What clients want – 13:39
Companies in the group – 15:10
The sectors – 18:47
The services – 20:04
How TPX work – 21:52
The purpose – 22:50
Clients – 27:45
Key differentiators – 29:16
Growth strategy – 31:55
The M&A pipeline – 32:50
Group investments – 34:15
Financial summary – 36:28
Summary & outlook – 37:58
Q&A – 40:30
FutureGov, Dominic Campbell, CEO – 47:36
Human+, David Biden, CEO – 1:08:09
Greenshoot Labs, Ronald Ashri – Founder 01:20:45
Closing remarks, Neal Gandhi – 1:46:06
Panoply Holdings PLC is a United Kingdom-based technology services company. The Company operates through its subsidiaries, including Bene Agere Norden AS (Bene Agere), Manifesto Digital Limited (Manifesto Digital), Not Binary Limited (Not Binary) and Questers Global Group Limited (Questers). It operates through Experience, anything as a service (XaaS), Intelligence, Transformation and Automation segments. Bene Agere is a strategy and management consultancy business. Manifesto Digital is a digital experience agency. Not Binary is an information technology (IT) consultancy. Questers provides onshore and nearshore agile software development services. Not Binary is focused on software development and automation.
Friday Sep 27, 2019
Friday Sep 27, 2019
With David Cicurel, CEO & Brad Ormsby, CFO
A very comprehensive overview of Judges Scientific, what they do and their KPIs. What’s happened in the period. Their strategy going forward.
David Cicurel, CEO
Introduction – 00:18
About Judges - 01:05
The Judges Group - 03:09
Judges customers - 03:50
Key messages - 04:45
Brad Ormsby, CFO
Financial highlights - 06:40
Performance - 08:30
Order intake - 10:42
Revenue split - 12:49
H1 19 Profit bridge - 13:40
Balance sheet and cash flow - 14:50
ROTIC - 17:05
Diversification - 18:20
Financial history - 18:50
David Cicurel, CEO
Growth drivers - 19:58
Acquisition criteria - 25:29
Post acquisition - 29:55
Outlook - 32:28
Investment case - 33:14
Q&A with David Cicurel, CEO, Brad Ormsby, CFO
& Mark Lavelle, COO - 35:45
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.
Thursday Sep 26, 2019
Thursday Sep 26, 2019
By Ory Weihs
Ory runs through the key highlights of the period, and growth initiatives going forward.
Introduction – 00:18
The business - 00:38
Key highlights - 01:24
Current trading - 02:15
Gambling Regulatory Summary - 03:00
Financial highlights - 06:40
Revenue diversification - 07:27
Income statement - 08:58
Cash Flow Statement - 09:24
Balance Sheet - 10:18
Growth strategy: personal finance; US gambling - 11:07
Growth initiatives - 13:00
Summary and Outlook - 13:45
XLMedia PLC is the United Kingdom-based online performance marketing company. The Company focuses on paying users from multiple online and mobile channels and directs them to online businesses who, in turn, convert such traffic into paying customers. The Company's segments include Publishing, Media and Partners Network. The Company owns over 2,000 informational Websites in approximately 20 languages. Its Media division acquires online and mobile advertising targeted at online traffic with the objective of directing it to its customers. It buys advertising space on search engines, Websites, mobile and social networks and places advertisement referring users to its customers Websites or to its own Websites. It manages marketing partners, whose role is to direct online traffic to its customers. Its partner program enables affiliates to have a single point of contact for directing traffic.
Wednesday Sep 25, 2019
Wednesday Sep 25, 2019
By CEO Ofer Druker, who runs through H1 2019 results, gives an operational update and guides on the outlook.
Introduction – 00:18
Our business – 00:45
Our vision – 01:51
A unique proposition – 02:21
Clients and Partners – 03:33
Significant opportunity in video – 04:15
Traditional TV budgets shifting to Digital video – 05:05
Company structure – 06:29
Global presence – 07:11
H1 2019 highlights – 07:34
Integration – 08:59
Revenue split by division – 11:12
Growth engines – 11:46
Outlook – 12:27
Tremor International PLC offers data-focused marketing solutions that drive execution and brand insight in mobile, leveraging video, native, and display to reach the users for every application, service, and brand. The Company’s technology is based on artificial intelligence and machine learning at big data scale. The Company works with more than 450 advertisers, including Amazon, Disney, Facebook, Twitter, OpenTable, Expedia, and Zynga, and more than 50,000 supply and publishing partners worldwide.
Thursday Sep 19, 2019
Thursday Sep 19, 2019
By Gordon McArthur, CEO & Fraser McDonald, CFO
A very comprehensive update on FY19, and how BKS are positioned for the coming year.
Introduction – 00:18
Delivering on the growth strategy – 00:48
Private Cloud & Hybrid Cloud Management – 04:05
BKS global network – 06:12
Financials – 08:02
Income statement – 10:59
Capacity – 11:20
Balance Sheet – 11:48
Cashflow – 13:25
Capturing the Tier 1 market – 14:20
Strategic priorities – 23:06
Summary and Outlook – 28:03
Q&A – 30:29
Beeks Financial Cloud Group PLC is a United Kingdom-based provider of custom computer programming company. The Company is focused on providing niche cloud computing and connectivity services for automated trading in futures and forex financial products. The Company’s platform designed for latency sensitive automated trading environments and provides on demand low latency computing resources to its clients through its direct connectivity. The Company offers server infrastructure and connectivity to its clients which enables same day trading of forex and futures on financial exchanges and trading venues. The Company’s products include dedicated server, VPS, and Co-Location.
Thursday Sep 19, 2019
Thursday Sep 19, 2019
This video can be seen at: https://www.piworld.co.uk/2019/09/19/keywords-studios-kws-h1-2019-results-presentation/
CEO Andrew Day & CFO David Broderick present the Groups interim results for the 6 months ended 30th June 2019.
Keywords Studios Plc supplies localization and localization testing services. The Company's segments include Localization Services, which relate to translation and cultural adaptation of in-game text and audio scripts across multiple game platforms and genres; Localization Testing, which involves in testing the linguistic correctness and cultural acceptability of computer games; Audio/Voiceover Services, which relate to the audio production process for computer games and includes script translation, actor selection and talent management through pre-production, recording and post-production; Functional Testing, which relates to quality assurance services provided to game producers to ensure games functions as required; Art Creation Services, which relate to the production of graphical art assets for inclusion in the video game, and Customer Support, which relates to the live operations support services, such as community management, player support and associated services.
Wednesday Sep 18, 2019
Wednesday Sep 18, 2019
Attraqt CEO Luke McKeever talks about the Group’s half year results for the period ending 30th June 2019.
H1 overview - 00:21
Early Birds - 01:57
Growth Strategy - 04:02
Market conditions - 07:13
Outlook - 07:38
ATTRAQT Group PLC (ATTRAQT) provides visual merchandising, site search and product recommendation technology. The principal activity of the Company is the development and provision of e-commerce site search, merchandising and product recommendation technology. The Company's Freestyle Merchandising platform provides a range of merchandising disciplines within a single platform. The Company's platform acts as a plugin for a retailer's e-commerce site and provides tools to enable retailers to merchandise. The Company's Freestyle Merchandising enables retailers to control how the products are merchandised through the e-commerce sites, including site search and navigation, product recommendations, category pages, product detail pages, check-out basket, e-mail, order tracking and in-store devices. Over 100 retailers use the ATTRAQT Platform, including various multi-national retailers. The Company's subsidiaries include ATTRAQT Limited and ATTRAQT Inc.
Tuesday Sep 17, 2019
Tuesday Sep 17, 2019
CEO Ido Erlichman and CFO Moran Laufer present the Group’s interim results for the six months ended 30th June 2019.
Introduction – 00:18
Investments highlights – 00:28
Kape in numbers – 01:13
H1 Highlights – 01:42
Market drivers – 03:30
Growth opportunity – 03:48
Core products – 04:49
Consumer focused UI - 05:54
Growing subscription base – 06:31
Financial performance – 07:509
Cash flow – 08:16
ROI growth – 09:18
De-risked revenue model – 09:46
Cohorts – 11:22
KPI’s – 11:54
Zen Mate & Intego integration – 12:59
Growth strategy – 14:01
Summary – 14:48
Kape Technologies PLC, formerly Crossrider plc, is a United Kingdom-based online distribution and digital product company. The Company operates through three segments: App Distribution, Media, and Web Apps and License. Through the App Distribution segment, the Company offers Reimage, a computer repair software; DriverAgent, a driver repair software; CyberGhost, a virtual private network solution, and associated services. The Company’s Media division provides media and advertising technology services that include media buying, ad agency services, and ad serving technologies. It offers Ajillion, a mobile ad server and exchange; Definiti Media, an advertisement network, and crossmob, a mobile marketing application. Through the Web Apps and License division, the Company licenses web apps monetization platform and associated technologies.
Monday Sep 16, 2019
Monday Sep 16, 2019
Jeremy Bridglalsingh, Managing Director & CFO talks through the latest results (half year ending 30th June 2019), released 10th September 2019.
Why Trinidad? – 00:18
Who is Trinity? And management shareholdings – 02:49
Asset Summaries – 04:22
2019 Interim results & post period highlights – 05:56
Increasing margins & financial resilience – 11:10
Margin drivers – 12:01
Organic growth path: Reserves & Production – 14:59
Onshore: optimising base production – 16:54
Onshore: growing base production: doing it differently – 19:28
FCF generation – 22:26
Offshore: Further development of Galeota Anticline – 27:39
Modus operandi – 30:02
Summary – 30:39
Q&A: 30:56
Trinity Exploration & Production plc is an independent oil and gas company focused solely on Trinidad & Tobago. The Company operates a portfolio of producing and development assets both onshore and offshore, in the shallow waters West and East Coasts of Trinidad. The Company operates through the segment of production, development and exploration and extraction of hydrocarbons. It operates in Trinidad & Tobago with assets onshore and offshore the East and West Coast. The Company holds approximately 100% interest in the exploration license for the Pletmos Inshore block, which covers an area of approximately 11,000 square kilometers. The Trinidad & Tobago is a prolific hydrocarbon basin. Trinidad & Tobago offers a fiscal regime and regulatory environment. The Company’s total average net production is approximately 2,900 barrels of oil per day (bopd). All non-current assets of the Company are located in Trinidad & Tobago.
Monday Sep 16, 2019
Monday Sep 16, 2019
Presentation by Cathal Friel, Co-Founder
ORPH came out of a reverse takeover of Venn Life Sciences earlier this year. Cathal Friel outlines what they’re up to, and their vision.
Introduction – 00:18
A pharma services company – 02:02
The founders – 03:14
The orphan drug sector – 06:48
Combining high-margin pharma with digital & data offerings – 10:35
Founders investment – 12:15
Transforming Venn Life Sciences – 13:04
Targetting to add Eu30m in high margin revenues by 2022 – 15:45
Virtual Rep & Access platform – 18:45
Open Orphan’s Geonomic Health Data Platform – 23:03
Summary – 28:15
Q&A – 30:45
Open Orphan plc, formerly Venn Life Sciences Holdings plc, is engaged in the pharma services business. The Company is also engaged in building an orphan drug consulting services platform that helps pharma companies commercialize their products in Europe. The Company consists of four elements: a European clinical research organization and consultancy; an orphan drug services business; a Virtual Rep and Data Access Platform consisting of physicians, and a Health Data Platform. The Company provides fragmented orphan drug services. The Company acquires and consolidates series of orphan drug services companies. It also provides digital data platforms to support companies in research & development and commercialization.
Wednesday Sep 11, 2019
Wednesday Sep 11, 2019
This video can be seen at: https://www.piworld.co.uk/2019/09/11/blue-whale-interview-with-stephen-yiu-chief-investment-officer-cio/
Blue Whale was launched in September 2017, since when it’s achieved an annualised return of 21%. Here, Stephen gives us an insight to how he achieves those return, and what they do differently. An interesting insight to those who manage their own money, or those who are interested specifically in Blue Whale Capital.
Introduction – 00:18 How do you know Peter Hargreaves – 00:34
Why did you launch Blue Whale in 2017? – 01:00
What does Blue Whale offer vs other funds? – 02:07
What are you investing caveats? – 05:28
Modelling – 06:55
Timing the market – 10:23
How much movement in the top 10 holdings? – 13:17
Are there any holdings that didn’t go so well? – 16:05
Have you had any holdings you’ve lost money on? – 19:07
What time period do you use to judge performance? – 21:45
How long do you spend on research? – 23:54
How quickly can you respond to results? – 29:30
Why do you predominantly invest in the US? – 32:12
Which other markets would you look at? – 36:55
Why large caps? – 37:54
What should we expect the average stock turnover pa? – 40:16
How much is the AMC? – 42:33
What are your ambitions for Blue Whale? – 43:03
Blue Whale investment objective: The investment objective of the fund is to achieve capital growth over the long-term by investing in equities on a global basis, with a current focus on developed markets. The portfolio will be concentrated, generally comprising between 25 to 35 stocks. In our view investments must fall into the below criteria in order to qualify for selection within the portfolio: 1. The business must be fundamentally attractive, this means • it has the ability to grow and improve profitability over the long term • it must not face structural or imminent cyclical issues 2. The business must have an attractive price; • the business must have a current valuation that is attractive relative to its future growth and profitability • we expect the business to receive favourable revisions of medium-term consensus growth and profitability expectations These criteria enable the Investment Manager to select investments from a broad range of geographies and sectors with no particular sector or style bias. The Investment Manager will conduct detailed bottom-up fundamental research on each potential investment and in most cases produce their own financial model and forecasts of future performance.
Blue Whale fact shee: https://bluewhale.co.uk/factsheet/
Tuesday Sep 10, 2019
Tuesday Sep 10, 2019
With Jeremy Bridglalsingh Managing Director & CFO interviewed by Tamzin Freeman, piworld.
Jeremy runs through the highlights of H1 19, TRIN's focus, and what investors can expect for the rest of the year.
What are the key developments in H1? – 00:27
With strong revenue & profitability where does that leave the balance sheet? - 01:52
Where will growth come from? - 02:37
Sustainable and significant cash flow generation - 03:44
Where does that sit alongside SPT? - 04:36
What is it that TRIN does differently, in the region? - 06:12a
Production volumes - 7:53
Offshore production – 08:22
Summary and outlook - 10:50
Trinity Exploration & Production plc is an independent oil and gas company focused solely on Trinidad & Tobago. The Company operates a portfolio of producing and development assets both onshore and offshore, in the shallow waters West and East Coasts of Trinidad. The Company operates through the segment of production, development and exploration and extraction of hydrocarbons. It operates in Trinidad & Tobago with assets onshore and offshore the East and West Coast. The Company holds approximately 100% interest in the exploration license for the Pletmos Inshore block, which covers an area of approximately 11,000 square kilometers. The Trinidad & Tobago is a prolific hydrocarbon basin. Trinidad & Tobago offers a fiscal regime and regulatory environment. The Company's total average net production is approximately 2,900 barrels of oil per day (bopd). All non-current assets of the Company are located in Trinidad & Tobago.
Friday Aug 30, 2019
Friday Aug 30, 2019
This video can be seen at: https://www.piworld.co.uk/2019/08/30/wameja-wja-h1-2019-overview-by-john-conoley-executive-chairman/
We catch up with John Conoley, Executive Chairman on the interims and outlook, at Wameja (WJM), fomerly eServGlobal (ESG)
Can you tell us how the structure of the business has changed, as Wameja? - 00:22
What is unique about Wameja? – 01:54
The KPIs - 02:38
Latest liquidity request - 04:47
Transaction volumes - 05:46
Overview of H1 19 results - 06:24
The relationship with Mastercard – 08:40
M&A in cross board payments - 09:11
Summary - 09:55
Website: www.wameja.com
Twitter: @wameja_jv
LinkedIn: www.linkedin.com/company/wameja
Wameja Limited, formerly eServGlobal Limited, is a provider of mobile financial technology, offering mobile money solutions. The Company covers a spectrum of mobile financial services, including mobile wallet, mobile commerce, analytics, advanced recharge, promotions and agent management. The Company is engaged in the provision of telecommunications software solutions to mobile and financial service providers on a global basis. The Company's solutions include Mobile Money, Remittance and Recharge. The Company's PayMobile platform is an end-to-end solution for mobile money and mobile financial services. PayMobile is a recharge solution, which includes a featured prepaid account recharge solution. The Company's Remittance solution allows sending money. The PayMobile interfaces with the HomeSend global payments hub. The HomeSend is a solution, which enables cross-border transfer between mobile money accounts, payment cards, bank accounts or cash outlets.
Friday Aug 30, 2019
Friday Aug 30, 2019
A piworld interview.
Lord Lee, the veteran of stock market investing, continues to impart his wisdom. In this interview, he reflects on stock market cycles, and shares some of the companies he’s buying into after his windfall from Tarsus.
What have you learned from stock market cycles throughout your investing history? – 00:35
Your cash position? – 04:18
Portfolio positioning with the economic cycle – 07:38
What mistakes have you learnt the most from? – 08:45
What are the catalysts to sell? – 11:12
Do you think meeting management is positive or negative? – 15:34
Who would you nominate top CEO? – 19:57
Funds v shares? – 22:22
What’s Lord Lee adding to? – 23:20
Photo-Me – 26:05
Where do you source your stock ideas? – 27:24
What might lead young people to start investing? – 30:04
Where you can buy Lord Lee’s book, and who it’s for – 32:12
Lord Lee has just published an introduction to investing for his grandchildren: Yummi Yoghurt: A First Taste of Stock Market Investment! Find it here on Amazon:
Thursday Aug 29, 2019
Thursday Aug 29, 2019
By Rhona Driggs, CEO & Tim Anderson, CFO
Operations – Rhona Driggs, CEO
Introduction – 00:18
Diversified business model – 01:44
Overview of the half year – 03:18
What are we doing differently? – 06:20
Strategy & delivery – 11:00
Sectors & brands – 11:35
Investing in the business – 13:10
Financials – Tim Anderson, CFO
Income statement – 16:35
Earnings – 20:04
Adjusted net Debt – 21:23
Sectors – 22:44
Cash flow – 37:11
Rhona Driggs, CEO
Summary – 38:32
Empresaria Group plc is a United Kingdom-based international specialist staffing company. The Company’s principal activity is the provision of staffing and recruitment services. The Company is organised across three regions: UK, Continental Europe and Rest of the World and operates across seven key sectors. The Company targets a balanced and diversified spread of operations across its regions and sectors. The Company also targets professional and specialist job levels where its brands can offer value added services to clients. The Company has three main service lines, temporary recruitment, permanent recruitment and offshore recruitment services. The Company’s offshore recruitment services represents a range of different recruitment services and provides training services in South East Asia. The Company’s brands include Alternattiva, Ball and Hoolahan, Become, FastTrack and Greycoat. It has operations in 21 countries.