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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
Monday Jun 17, 2019
Monday Jun 17, 2019
This video can be seen at: https://www.piworld.co.uk/2019/06/17/tavistock-investments-tavi-presentation-at-mello-may-2019/
By Brian Raven, CEO & Q&A with contribution from Oliver Cook, Chairman
Introduction - 00:18
Why invest in Tavistock? - 01:04
Why financial services? - 02:15
The strategy - 03:54
The brand - 05:44
Strategic partnerships - 07:01
Delivering explosive growth & business model - 08:02
The timeline - 11:13
The financials - 11:49
Group structure & detail - 15:57
Our process - 22:45
Leadership team - 23:40
The guaranteed product & Morgan Stanley - 27:41
i-Stock: free of charge account - 31:14
Summary – 33:24
Q&A – 33:54
Tavistock Investments Plc is engaged in the provision of support services to a network of independent financial advisories (IFAs) and the provision of investment management services. The Company's segments include Investment Management and Advisory Support. The Company operates in three businesses, including Tavistock Partners Limited (Tavistock Partners), Tavistock (Tavistock Financial) and Tavistock Wealth Limited (Tavistock Wealth). Tavistock Wealth provides retail clients with access to institutional quality portfolio management. Tavistock Partners provide administration and accounting services to the IFAs. The Company's subsidiaries include Tavistock Wealth Limited, Tavistock Partners Limited, Sterling McCall Limited, Cornerstone Asset Holdings Limited and Duchy Independent Financial Advisors Limited.
Wednesday Jun 12, 2019
Wednesday Jun 12, 2019
CEO Ian O’Doherty provides an overview of Park Group’s final results for the year ended 31 March 2019 and the implementation of the strategy.
Highlights - 00:22
Operational performance - 00:52
Implementing the strategy - 01:29
An evolving market place - 02:44
Summary & outlook - 04:27
Park Group plc is a multi-retailer gift voucher and prepaid gift card business, which is engaged in delivering rewards and prepaid products to the consumers and corporates in the United Kingdom. The Company focuses on consumer prepayments and corporate reward and incentive programs. The Company's segments include consumer and corporate. The consumer segment includes the Company's sales to consumers, utilizing its Christmas savings offering. The corporate includes the Company's sales to businesses, offering primarily sales of the Love2shop voucher, flexecash cards and other retailer vouchers to businesses for use as staff rewards/incentives, marketing aids and prizes and all online sales. Love2shop is the multi-retailer gift voucher and prepaid gift card, accepted at over 140 retailers with approximately 20,000 stores in the United Kingdom. It offers flexecash, which is its information technology infrastructure. Its Park Christmas Savings Club operates through a network of agents.
Tuesday Jun 11, 2019
Tuesday Jun 11, 2019
By CEO Sam Malafeh and CFO Bharat Guha.
Sam Malafeh (CEO)
Introduction – 00:18
History – 01:29
The management team – 03:18
The education industry – 05:21
The business model – 07:53
Why Malvern? - 11:44
Accreditation & partners – 14:48
Scalability - 17:47
Locations - 18:07
Financial progress – 19:10
Bharat Guha (CFO)
Bharat’s background - 19:37
Financial progress continued - 20:08
Group strategy - 22:55
Sam Malafeh (CEO)
Conclusion - 24:10
Q&A – 25:16
Malvern International (MLVN)
Malvern International plc, formerly AEC Education plc, is an investment holding company, which is engaged in the provision of educational consultancy services. The principal activity of the Company is to provide an educational offering that is principally towards preparing students to meet the demands of business and management. The Company's segments include Europe and South East Asia/Middle East. The Company's Europe segment includes London and Cyprus operations. The Company's South East Asia/Middle East segment includes Malaysia and Singapore. The Company offers courses, including certificate, diploma and pre-university programs; university degree and postgraduate programs; preparatory courses for professional examinations; tuition services for secondary school students, and English language teaching. The Company's schools include Malvern House, London; Malvern International, Kuala Lumpur, and Malvern House, Cyprus.
Tuesday Jun 11, 2019
Tuesday Jun 11, 2019
By Bozkurt Aydinoglu
Introduction – 00:17
A typical energy storage plant - 01:17
Summary of the fund - 02:29
Key investment characteristics - 06:11
Assets - 11:14
The market background - 11:45
Persistent volatility and wasted power - 13:42
A hedge for renewable investments - 15:09
Revenue opportunities - 17:07
Revenue assumptions - 20:40
Competitive advantages - 21:48
Upside return - 25:14
Noriker Power - 25:38
Conclusions - 26:39
Q&A - 28:50
Gresham House Energy Storage fund plc (GRID)
Gresham House Energy Storage Fund Plc is a United Kingdom-based closed-ended investment company. The Company’s investment objective is to provide investors with a dividend over the long term by investing in a diversified portfolio of utility-scale operational energy storage systems (ESS), which utilize batteries and also utilize engines, located in Great Britain. It also seeks to invest in projects with alternative battery technologies, such as sodium and zinc derived technologies or other forms of energy storage technology, such as flow batteries or machines and compressed air technologies. The Company also intends to invest in ESS Projects, which use gas generators or diesel or dual fuel diesel-and-gas reciprocating generators. The Company is managed by Gresham House Asset Management Limited.
Tuesday Jun 11, 2019
Tuesday Jun 11, 2019
By Graham Bird – Fund Manager
Gresham House overview – 00:17
Gresham House Strategic overview - 03:07
What is strategic public equity? - 07:38
Market opportunity - 10:30
Performance - 14:34
Process - 15:18
Qualifying opportunities - 19:11
Value enhancements - 22:04
Top 10 holdings – 24:30
Track record - 29:31
The team - 29:45
Conclusion - 30:08
Q&A - 31:35
Gresham House Strategic (GHS)
Gresham House Strategic plc, formerly SPARK Ventures plc, is a United Kingdom-based investment company. The Company invests primarily in the United Kingdom and European smaller public companies, applying private equity type of techniques and due diligence, alongside a value investment philosophy to construct a portfolio. In addition to publicly quoted companies, the Company may also invest approximately 30% of the portfolio in selected unquoted securities, including preference shares, convertible instruments, limited partnership interests and other forms of investments. The Company's investment manager is Gresham House Asset Management Ltd. The Company's subsidiaries include SPARK India Ltd, SPARK Services Ltd and Quester Venture GP Ltd.
Monday Jun 10, 2019
Monday Jun 10, 2019
By Andy Warne, MD & Mark Frankcom, FD
Introduction – 00:18
Delivering results and passionate about growth – 01:13
Milk we give the provenance of the product – 02:56
We partner & protect; we ensure and assure; we service and support – 03:52
Corporate overview – 05:45
The Board 06:56
What do we do? – 08:03
Revenue streams – 09:53
Milk recording – 10:17
Payment testing – 11:52
Disease testing – 13:10
Genomics – 15:04
Financials – 16:40
NMR Strategy on a page – 19:41
The growth strategy – 24:16
Investment case – 26:05
Liquidity – 27:18
Q&A – 28:45
National Milk Records plc is a supplier of dairy and livestock services. The principal activity of the Company includes provision of management information to dairy farmers through National Milk Records and the provision of milk payment testing services to milk buyers through National Milk Laboratories (NML). The Company is a supplier of milk recording services in the United Kingdom, providing management information on individual cow’s performance in terms of milk quality, yield and fertility. The Company also supplies aggregate data to over 30 dairy industry bodies, including milk buyers, Agriculture and Horticulture Development Board (AHDB) Dairy and breed societies. The Company offers various services, including disease testing, GeneTracker, bull semen, monitoring, pregnancy testing, energy balance, microbiology, fatty acid profiling and payment testing. Its software includes Herd Companion, Pocket Companion, iReports, InterHerd, InterHerd+, UNIFORM and Bull Search.
Monday Jun 10, 2019
Monday Jun 10, 2019
By Richard Wolanski, FD
Introduction – 00:18
Company overview – 01:17
Snapshot of Avation – 08:22
Half Year 2019 Summary – 14:02
Historical Operation & Financial Performance – 14:56
Half Year 2019 Summary – 15:35
Attractive Industry Fundamentals – 20:28
Attractive Aircraft Portfolio – 23:14
Customers – 26:10
Growth and diversification continues – 26:50
Fleet growth – 28:24
Proven track record – 28:46
Summary – 29:37
Q&A – 32:14
Avation PLC is a United Kingdom-based company engaged in leasing of aircraft. The Company is a commercial passenger aircraft leasing group managing a fleet of 47 aircraft, which are leased to airlines globally. The Company’s fleet includes Airbus A220, A220-300 A320 and A321 narrow-body jets, Boeing 777-300ER and Airbus A330-300 twin-aisle jets, Boeing 737-800 NG, ATR 72 twin engine turboprop aircraft and five older Fokker 100 jets. It supplies regional, narrow-body and twin-aisle aircraft to the airline industry. It serves the commercial airlines. It owns, through its subsidiaries, a range of commercial passenger jet aircraft, which are leased to various airlines in Europe, Asia and Australia. The Company’s subsidiaries include Avation Capital S.A., which is engaged in financing, and Capital Lease Aviation Limited and MSN429 Leaseco Limited, which are engaged in aircraft leasing.
Monday Jun 10, 2019
Monday Jun 10, 2019
John Arnold, CEO, Edward Olins COO
Introduction – 00:20
Overview – 00:43
What we do – 02:53
Current portfolio – 04:32
The board & supporting team – 05:29
Company history – 07:19
Our strategy – 09:52
Market watch – falling supply in regional cities – 11:53
2018 Highlights – 13:19
The investment opportunity – 14:20
The reversionary opportunity – 15:46
Case Study – Somerset House, Birmingham – 17:07
Case Study – Great Charles Street, Birmingham – 19:16
Case Study – Kents Hill Business Park, Milton Keynes – 20:03
Financial summary – 22:44
Summary – Future Growth – 23:34
Appendix – 25:20
Q&A – 26:59
Circle Property Plc is an investment and development company. The Company invests in commercial properties. The Company’s portfolio consists of approximately 20 commercial property investments and developments in the United Kingdom. The portfolio totals approximately 640,150 square feet of accommodation, the majority of which, by floor area, is in the office sector. The Company’s property portfolio includes Baildon Bridge Retail Park, which is located in Shipley; Solstice Park Avenue, which is located in Amesbury; Winwick Road, which is located in Warrington; 141 Moorgate, which is located in London; Week Street, which is located in Maidstone; One Castlepark, which is located in Bristol; Kents Hill Business Park, which is located in Milton Keynes; 36 Great Charles Street, which is located in Birmingham; 135 Aztec West, which is located in Bristol; Elizabeth House, which is located in London Road, Staines, and Somerset House, which is located in Temple Street, Birmingham.
Monday Jun 10, 2019
Monday Jun 10, 2019
By Frank Sagnier, CEO and Rashid Varachia, CFO
Introduction – 00:20
Financial highlights – 00:53
Continued momentum – 01:36
Strategic partnerships – 03:57
Outlook – 05:37
An overview of Codemasters can be seen here.
Codemasters Group Holdings PLC, formerly Codemasters Group Holdings Limited, is a United Kingdom-based video game developer and publisher. Through its subsidiary, The Codemasters Software Company Limited, the Company designs, develops and produces driving and racing games. The Company’s driving and racing games include DiRT, GRID, Micro Machines, ONRUSH and Formula 1 series of videogames. It produces Formula One’s range of games for the Playstation 4 console.
Monday Jun 10, 2019
Monday Jun 10, 2019
By Frank Sagnier, CEO
Overview – 00:21
Strong franchises – 00:59
The business model – 02:24
The market – 03:44
The investment case – 04:55
Codemasters Group Holdings PLC, formerly Codemasters Group Holdings Limited, is a United Kingdom-based video game developer and publisher. Through its subsidiary, The Codemasters Software Company Limited, the Company designs, develops and produces driving and racing games. The Company’s driving and racing games include DiRT, GRID, Micro Machines, ONRUSH and Formula 1 series of videogames. It produces Formula One’s range of games for the Playstation 4 console.
Wednesday Jun 05, 2019
Wednesday Jun 05, 2019
By Adalsteinn Valdimarsson, CEO & Rob Price, CFO
Adalsteinn Valdimarsson, CEO
Introduction – 00:18
Business overview – 00:43
K3’s model – 02:32
Transformation Strategy – 04:15
Sales Strategy – 05:54
Customers – 08:13
IP Landscape – 09:12
K3 imagine – Cornerstone of IP Strategy – 11:18
Operational Highlights – 15:00
Rob Price, CFO
Financials – 5 year overview – 16:43
Financial highlights – 18:14
Own IP mix increasing – 18:48
Revenue & Gross Profit Analysis – 19:43
Operational cash generation – 20:29
The model – summary – 22:53
Financial summary – 23:35
Adalsteinn Valdimarsson, CEO
Outlook – 24:50
Q&A – 27:10
K3 Business Technology Group plc is a provider of integrated business solutions. The Company’s business solutions encompass Enterprise Resource Planning (ERP) software, Customer Relationship Management (CRM) software, Business Intelligence and e-commerce, hosting and managed services to the supply chain sector. The Company’s segments include Retail, and Manufacturing and Distribution. The Company’s offerings to manufacturers and distributors comprise SYSPRO, Sage, and Microsoft Dynamics AX and Microsoft Dynamics NAV solutions. The Company’s ax l offering is a retail and wholesale solution. The Company’s products include modules for CRM, planning and scheduling, warehouse management, pallet management, data integration, payroll and human resources (HR). The Company operates from various locations in the United Kingdom, the United States, Holland, Singapore, Denmark and Ireland. The Company’s subsidiaries include K3 BTG Limited, K3 Business Solutions Limited and K3 CRM Limited.
Wednesday Jun 05, 2019
Wednesday Jun 05, 2019
By Frank Beechinor, CEO
Introductory video – 00:18
SMRT history – 03:17
The team – 04:16
SMRT product offering – 05:06
At a glance – 08:42
Our clients – 09:44
Final results – 13:18
– SwipedOn – 21:13
– Financial highlights – 30:47
Q&A – 32:35
Smartspace Software PLC, formerly RedstoneConnect PLC, is engaged in providing technology and services for smart buildings and commercial spaces through its core businesses, Redstone and Connect IB. The Company, through Redstone, provides a range of services, including design, build and installation; and software solutions. The managed services encompasses the provision of outsourcing services spanning network infrastructure management, smart buildings support services, desktop and data center support services and move, add and change services. Redstone offers OneSpace occupancy management product. The Company, through Connect IB, creates digital solutions. Connect IB develops and deploys applications, including those that address mapping and way finding of Smart Buildings and Smart Spaces, such as car parks or retail shopping centers. It serves customers of all sizes, including corporations, such as property developers, landlords and principal occupiers of commercial property.
Wednesday Jun 05, 2019
Wednesday Jun 05, 2019
By Ian Simm, Founder & CEO
Introduction – 00:18
Investment philosophy: A fund that specialises in the transition to a more sustainable economy 02:44
Impax Asset Management – overview – 04:54
Track record of assets under management 1998-2018 – 06:59
Landscape for Investment Managers – 08:20
Drivers for environmental products & services – 11:28
Investment opportunities in Environment markets – 20:18
Contribution to low carbon energy transition – 21:54
Offices and distribution partners – 23:34
Financial year 2018 milestones – 28:06
Financial highlights – 29:02
Shareholder register – 31:46
Q&A – 33:33
Impax Asset Management Group plc is an investment company offering listed and private equity strategies primarily to institutional clients. The Company has six listed equity strategies: Specialists, Leaders, Water, Asia-Pacific, Global Opportunities, and Food and Agriculture. Its real assets business comprises renewable power generation and sustainable property private equity funds. The Company has investments sectors, such as energy efficiency, which includes power network and buildings; alternative energy, which include solar, wind and biofuels; water infrastructure/technologies, which include treatment and utilities; pollution control, which include pollution control solutions, and testing and gas sensing; food, agriculture and forestry, which include logistics and sustainable forestry; waste management and technologies, which include tech equipment and hazardous, and environmental support services, which include consultancies and diversified environmental.
Tuesday Jun 04, 2019
Tuesday Jun 04, 2019
Interview with John Conoley, eServGlobal, Executive Chariman
eServGlobal announced it’s signed a conditional sale and purchase agreement to sell its core, eServGlobal operating business to Seamless Distribution Systems AB. John Conoley tells us more.
Can you tell us more about the announcement? – 00:21
Why now and more about the core business? – 01:29
How much are they paying for the legacy business? – 02:28
What are they buying? – 03:58
Can you update us on HomeSend? – 04:47
What can we expect short term & medium term? – 05:43
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.
Monday Jun 03, 2019
Monday Jun 03, 2019
By Jose Luis Vazquez, Founder & CEO
Mirada plc is engaged in the provision and support of products and services in the digital television and broadcast markets. The Company operates through the segments, including Digital TV & Broadcast and Mobile. The Company offers software for digital television platforms. Its products include Iris Client, xPlayer and Navi. Its Iris Client multi-screen solution merges traditional broadcast and over-the-top (OTT) services. Its xPlayer manages and deploys synchronized interactive content to a range of television platforms. Its xPlayer manages red and green button interactivity on behalf of a channel across satellite, digital terrestrial and cable. Its Navi is an interactive navigational solution for scalable vector graphic (SVG) browsers, built on Ericsson multi-screen middleware. Its Navi includes video on demand (VoD) and Pay-per-view (PPV) services, personal video recorder (PVR), content promotion and mini guide for linear television. Its services include development and consultancy.
Introduction – 00:18
Company overview – 01:06
Our market – 02:30
Our products:
Iris Inspire – 04:29
OTT Platform – 06:01
LOGICIQ – 06:57
Mirada Kids – 07:48
Video of the products – 08:19
Our clients – 09:10
Recent history – 12:28
The business model – 16:12
Our sales activities – 19:07
The pipeline of opportunities – 22:48
Financial growth – 24:27
Summary – 27:58
Monday Jun 03, 2019
Monday Jun 03, 2019
By Albert E Sisto, CEO and Sarah Payne FD
Tern Plc invests in, develops and sells private software companies with technology, based in the United Kingdom. The principal activity of the Company is investing in unquoted and quoted companies to achieve capital growth. The Company focuses on businesses in the cloud, Internet of Things (IOT) and mobile sectors. The Company focuses on building companies with technologies and services within the IOT market.
Introduction – 00:17
2018 overview – 00:50
Our journey – 04:11
IoT spending in manufacturing, by type – 05:54
Significant IoMT Market Growth Predicted – 06:40
M&A activity gaining momentum – 08:35
Tern’s vision – 09:29
Our investment thesis – 11:33
Solving specific problems – 14:23
Current portfolio – 19:37
Value development approach – 19:45
How we help our companies grow – 23:14
Case study: Device Authority – 24:30
Case Study: FundamentalVR – Stage 2 – 28:06
Tern financials – 32:25
Next steps: UK & US Co-Investor Network – 35:09
Q&A – 36:00
Monday Jun 03, 2019
Monday Jun 03, 2019
Presentation by Neal Gandhi, CEO & Co-Founder, with Oliver Rigby, CFO & Co-Founder and Jim Bowes, CIO
Introduction – 00:18
Overview – 00:52
The team – 02:15
What we do – 04:56
Financial Summary – 09:55
Growth strategy – 10:58
Key differentiators – 14:45
Summary – 19:45
Q&A – 22:08
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 May 31, 2019
Friday May 31, 2019
Charles Stanley CEO Paul Abberley and CFO Ben Money-Coutts talk about the Groups’ full year results to 31st March 2019.
Paul Abberley, CEO
Introduction – 00:22
Ben Money-Coutts, CFO
Financial highlights – 00:48
Profit margin – 04:07
Paul Abberley, CEO
Improving the business – 07:10
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 May 29, 2019
Wednesday May 29, 2019
Warwick Brady, CEO talks about Stobart Group’s full year results to 28th of February 2019.
Highlights: 00:20
Stobart Aviation: 00:49
Stobart Energy: 01:22
Stobart Rail & Civils: 02:06
Summary & outlook: 02:32
Stobart Group Limited is engaged in infrastructure and support service businesses operating in the biomass energy, aviation and railway maintenance sectors, as well as has investments in a national property and logistics portfolio. Its segments are Energy, Aviation, Rail, Infrastructure and Investments. The Stobart Energy segment specializes in supply of sustainable biomass for the generation of renewable energy. The Stobart Aviation segment specializes in operation of commercial airports and includes a joint venture investment in an airline. The Stobart Rail segment specializes in delivering internal and external civil engineering development projects including rail network operations. The Stobart Infrastructure segment specializes in management, development and realization of a portfolio of property assets, and investments in energy plants. The Stobart Investments segment holds non-controlling interests in a transport and distribution business and an aircraft leasing business.
Tuesday May 21, 2019
Tuesday May 21, 2019
This video can be seen at: https://www.piworld.co.uk/2019/05/21/entertainment-one-eto-fy19-results-presentation/
Full year results presentation for the 12 months ending 31st May 2019 by CEO Darren Throop & CFO Joe Sparacio
Darren Throop CEO
Highlights – 00:17
Family & Brands – 04:19
Film, Television & Music – 11:45
Joe Sparacio CFO
Financial review 19:46
Darren Throop CEO
Summary & outlook – 34:24
Q&A – 35:57
Presentation slides can be downloaded here.
Entertainment One Ltd is a Canada-based independent entertainment company. It develops, produces, markets and distributes content. The Company’s segments include Film, Television, Music, Family and Brands, and Innovation. The Film segment in collaboration with partners develops, acquires, produces and finances film content. The Television segment through partnerships and global distribution network produces and distributes television content. The Music segment built musical brands, as the Company is part of the network eOne Management Group. The Family and Brands segment is involved in the creation of family content and develops, launches and roll out content-related products. The Innovation segment provides digital content, such as virtual reality (VR) and the platform to discover it.
Tuesday May 14, 2019
Tuesday May 14, 2019
This video can be seen at: https://www.piworld.co.uk/2019/05/14/interview-with-peter-kenyon-ceo-ramsdens/
by James Lynch, Fund Manager, Downing Strategic Micro-Cap Investment Trust
Ramsdens Holdings PLC (Ramsdens) is a financial services provider and retailer. The Company operates through four segments: Foreign Currency Exchange, Pawnbroking, Purchases of precious metals and Jewellery Retail. The Foreign Currency Exchange segment consists of primarily, the sale and purchase of foreign currency notes with prepaid travel cards and international bank to bank payments. The Pawnbroking segment is a form of asset backed lending where an item of value is given to the pawnbroker in exchange for a cash loan. Through its precious metals buying and selling service, Ramsdens offers to buy unwanted jewelry, gold and other precious metals from customers for cash. The Company is engaged in refurbishing items bought from customers and retailing them through its store network. The Company also provides ancillary services, including franchise fees, western union, sale and buy back of electronics, and credit broking. It has a portfolio of over 130 stores.
Introduction – 00:23
Peter Kenyon’s background – 00:53
Operating areas of the business – 02:45
Diversification – 04:12
Growth strategy – 05:25
Retail rents & footfall? – 06:45
Ramsdens locations? – 09:35
What’s the strategy to expand the estate? – 11:20
What are the growth opportunities? – 12:35
New stores’ journey to profitability – 16:18
Cash generation – 17:07
Dividends and capital allocation – 18:02
Summary of the investment case – 19:27
The longer term outlook – 20:04
Friday May 10, 2019
Friday May 10, 2019
This Video can be seen at: https://www.piworld.co.uk/2019/05/10/proactis-phd-h1-2019-results-presentation/
CEO, Tim Sykes talks us through interim results for the period ending 31st January 2019
PROACTIS Holdings PLC is a United Kingdom-based company, which is a Spend control and e-Procurement solution provider. The Company is engaged in the development and sale of business software, installation and related services. It offers a range of solutions, such as PROACTIS Source-to-Contract, PROACTIS Purchase-to-Pay and PROACTIS Supplier Network solutions. It offers managed services, such as procurement-related managed services, such as Sourcing and Content Management; Finance-related managed services, such as Invoice Data Capture and Accelerated Payment Facility, and information technology (IT)-related managed services, such as Application Hosting & Management. Its Solutions for Finance and Procurement include cloud, hosted or on-premise software applications. PROACTIS Spend Analysis offers company-wide data on users’ laptop, tablet or mobile. Its PROACTIS Invoice Data Capture turns paper, fax and Portable Document Format (PDF) invoices into system-ready electronic records.
Strategic, commercial & operational highlights – 00:33
Financial highlights – 05:42
Challenges faced – 06:55
Net debt and cash flow – 16:06
Operational review – 27:16
Group strategy & focus – 35:42
Build: Supplier side – 38:08
Summary and outlook – 41:15
Q&A – 42:23
Wednesday May 08, 2019
Wednesday May 08, 2019
This video can be seen at: https://www.piworld.co.uk/2019/05/08/attraqt-atqt-early-birds-acquisition/
Attraqt Group plc (AIM: ATQT), the provider of SaaS solutions that power online shopping experiences, has announced the conditional acquisition of Early Birds SAS for consideration of €15.89 million and a conditional placing to raise £17.1 million at 27.0 pence per share.
Attraqt CEO Luke McKeever talks about the acquisition of Early Birds, and how it represents a transformational step for the Group.
About Attraqt – 00:19
Early Birds acquisition – 01:32
AI & Machine Learning – 04:32
Outlook – 05:18
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.
Friday May 03, 2019
Friday May 03, 2019
This video can be seen at: https://www.piworld.co.uk/2019/05/03/gervais-williams-investor-interview/
Senior Executive Director, Miton Group plc
Gervais talks to piworld about his background, who influenced his investing style, the macro themes, liquidity, the outlook for the markets and how his funds are positioned.
Introduction & Gervais’ background – 00:20
Who have been the main influencers in your career – 01:55
What was the attraction of joining Miton? – 03:40
Has your investing style changed over time? – 04:32
What macro factors must investors understand? – 05:30
Macro themes – 07:22
When do you sell? – 08:23
What’s your time line when you buy into a position? – 10:54
Your stock picking strategy over time? – 11:38
Regulation and liquidity? – 12:42
Are funds moving out of small caps? – 14:27
Diversity of holdings – 17:40
The views of companies on Brexit – 20:05
Outlook for the markets – 21:41
Do you feel we’re heading for a global recession? – 23:10
How do you justify the market pull back in November 2018 – 24:18
Is quantitative tightening inevitable? – 26:14
What cash can you hold? – 27:56
Gervais Williams background
Gervais has been an equity portfolio manager since 1985. He spent five years with Throgmorton Investment Management (later part of the Framlington Group), three years with Thornton Investment Management (part of Dresdner Bank) and 17 years with Gartmore Group Ltd, where he was Head of UK Small Companies investing in UK smaller companies and Irish equities.
Gervais has extensive investment experience particularly in UK smaller companies. He is well versed in AIM listed companies and understands the forces shaping changes to the investment industry. He won Investor of the Year as awarded by Grant Thornton at their Quoted Company Awards in both 2009 and 2010. Gervais is on the EU Taskforce reviewing why the number of smaller IPOs has declined over recent decades. Gervais has published three books: ‘Slow Finance’, ‘The Future is Small’ and ‘The Retreat of Globalisation’ setting out his investment philosophy for the post credit boom world. He was awarded Fund Manager of the Year 2014 by What Investment.
Tuesday Apr 30, 2019
Tuesday Apr 30, 2019
This video can be seen at: https://www.piworld.co.uk/2019/04/30/venture-life-group-vlg-2018-results/
Venture Life (VLG) CEO Jerry Randall, presents highlights of the Group’s 2018 results.
Results highlights – 00:22
A transformational year – 00:45
Growth outlook – 02:09
Venture Life Group plc is an international consumer self-care company. The Company focuses on developing, manufacturing and commercializing products for the ageing population. Its segments include Brands, which includes sales of branded healthcare and cosmetics products direct to retailers and under distribution agreements, and Manufacturing, which includes sales of products and services under contract development and manufacturing agreements. Its product range includes the UltraDEX oral care range, which is primarily sold in the United Kingdom through the pharmacy and grocery retailers. Its product range also includes food supplements for lowering cholesterol and maintaining brain function, dermo-cosmetics for addressing the signs of ageing and medical devices for conditions, such as hemorrhoids, minor aches and pains, and women’s intimate health issues. It also provides development and manufacturing services to other companies in the healthcare and skincare sectors.
Tuesday Apr 30, 2019
Tuesday Apr 30, 2019
Venture Life (VLG) CEO Jerry Randall presents an overview of the Group, how they will grow and the investment case.
Overview – 00:20
The business model – 01:14
The market environment – 02:07
The growth strategy – 02:54
The investment case – 03:45
Venture Life Group plc is an international consumer self-care company. The Company focuses on developing, manufacturing and commercializing products for the ageing population. Its segments include Brands, which includes sales of branded healthcare and cosmetics products direct to retailers and under distribution agreements, and Manufacturing, which includes sales of products and services under contract development and manufacturing agreements. Its product range includes the UltraDEX oral care range, which is primarily sold in the United Kingdom through the pharmacy and grocery retailers. Its product range also includes food supplements for lowering cholesterol and maintaining brain function, dermo-cosmetics for addressing the signs of ageing and medical devices for conditions, such as hemorrhoids, minor aches and pains, and women’s intimate health issues. It also provides development and manufacturing services to other companies in the healthcare and skincare sectors.
Tuesday Apr 30, 2019
Tuesday Apr 30, 2019
This video can be seen at: https://www.piworld.co.uk/2019/04/30/deepmatter-dmtr-overview-investment-case/
DeepMatter Group plc is a technology company currently deploying its integrated software, hardware and machine learning enabled platform – DigitalGlassware™
CEO Mark Warne presents an overview of the Group, it’s technology and the investment case.
Introduction – 00:17
The technology – 01:07
The roadmap – 02:38
Infochem acquisition – 03:24
The investment case – 04:29
Deepmatter Group Plc, formerly Cronin Group Plc, is a United Kingdom-based company engaged in the digitization of chemical space coupled with chemical drug discovery, through its subsidiary, Cronin 3D Limited (Cronin 3D). Cronin 3D is a spin-out company, which is created to commercialize a platform technology to research and develop proprietary chemistry. The platform technology is intended to be used in the discovery, optimization and portable manufacture of small molecules and nano materials, with applications that are relevant in the pharmaceutical, formulation and materials science industries. Cronin 3D’s platform technology comprises a technology to implement a digital code for the discovery and manufacturing of molecules thereby digitizing chemistry, and is enabled through the application of 3D printing and related technologies for proprietary chemistry. Cronin 3D is engaged in developing the Chemputer, an autonomous universal digital synthesis engine.
Monday Apr 29, 2019
Monday Apr 29, 2019
Tim Sykes, CEO, gives an overview of the interim results for the period ending 31st January 2019, further he outlines the strategic review highlights, and how PHD are positioning to take the strategy forward.
Introduction & results overview – 00:35
Strategic review – 01:20
New business – 01:44
Existing customers & retention – 02:44
Leadership & management – 04:02
Financial position – 04:35
Summary & outlook – 05:24
PROACTIS Holdings PLC is a United Kingdom-based company, which is a Spend control and e-Procurement solution provider. The Company is engaged in the development and sale of business software, installation and related services. It offers a range of solutions, such as PROACTIS Source-to-Contract, PROACTIS Purchase-to-Pay and PROACTIS Supplier Network solutions. It offers managed services, such as procurement-related managed services, such as Sourcing and Content Management; Finance-related managed services, such as Invoice Data Capture and Accelerated Payment Facility, and information technology (IT)-related managed services, such as Application Hosting & Management. Its Solutions for Finance and Procurement include cloud, hosted or on-premise software applications. PROACTIS Spend Analysis offers company-wide data on users’ laptop, tablet or mobile. Its PROACTIS Invoice Data Capture turns paper, fax and Portable Document Format (PDF) invoices into system-ready electronic records.
Wednesday Apr 24, 2019
Wednesday Apr 24, 2019
Presentation by Andrew Coombs CEO.
Sirius Real Estate Limited (Sirius) is a real estate holding company. The Company is engaged in the investment in and operation and development of commercial property to provide smart and flexible workspace in Germany. The Company has a portfolio of approximately 60 business parks across Germany. The Company invests in mixed-use commercial real estate assets in Germany, which are sub-divided into offices, storage, production and workspaces, and has over 1.4 million square meters of the total lettable space. The Company’s properties include Sirius Business Park Wuppertal, Sirius Business Park Schenefeld, Sirius Business Park Rostock, Sirius Business Park Mainz, Sirius Business Park Pfungstadt, Sirius Business Park Offenbach, Sirius Business Park Neuss, Sirius Business Park Nuremberg, Sirius Business Park Hamburg, Sirius Business Park Berlin, Sirius Business Park Kassel and Sirius Business Park Markgroningen.
Introduction – 00:19
Net operating income development – 02:22
Assets – 03:31
Why invest in Sirius? – 04:13
Returns achieved – 07:23
Sirius/AXA joint venture – 13:28
Asset management – 15:05
The operating platform – 17:37
Returns profile – 19:10
Portfolio at a glance – 20:17
Value-add portfolio split – 22:12
Earnings & NAV potential – 25:15
Vacant space analysis – 25:42
Original Capex programme – 27:16
Acquisition Capex programme – 27:59
Summary – 28:34
Q&A – 29:42
Thursday Apr 18, 2019
Thursday Apr 18, 2019
By Alasdair Haynes, CEO & Jonathan Clelland, CFO & COO
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.
Introduction – 00:18
What is Aquis? – 00:54
Aquis: price movement of trades – 11:00
Competitive edge – 14:11
Market share and listing – 20:03
Transparency: Why does AQX benefit from MiFIDII? – 23:42
The subscription model: 27:37
The scope of the market share, and other asset classes? – 28:32
Capacity? – 31:18
Future potential – 32:44
Pricing – 35:19
Liquidity provided by AQX – 37:46
AQX the disrupter – 40:03
Who are AQX’s customers? – 45:37
Brexit – 46:33
Regulatory capital – 47:28
The customer journey – 49:04
A summary of the investment case – 50:58
Aquis Exchange at a glance – 52:23
Wednesday Apr 17, 2019
Wednesday Apr 17, 2019
Stephen English BA(Hons), CFA Chartered FCSI
Blankstone Sington: Investment Director – Head of AIM stocks
Another fascinating 30 mins with Stephen, where he discusses the structure of AIM and liquidity. Interestingly, he suggest that the next financial event will be due to lack of liquidity. Pleasingly he’s an enthusiast of retail investors managing their own money. He gives us some strategies for current markets. And, he discusses his criteria for stock selection, and gives some great examples.
The structure of AIM – 00:37
Is there enough liquidity in AIM for institutional funds? – 06:40
What’s your view on holding cash? – 11:33
When do you sell? – 14:15
What’s the most important criteria for any stock you’ll buy – 27:06
How often do you change your strategy? – 28:27
What outlook do you see for the the stock market for the rest of this year? – 31:05
About Stephen English:
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.
Friday Apr 12, 2019
Friday Apr 12, 2019
Ofer Druker outlines the Taptica business, and where the RhythmOne acquisition fits in.
Introduction – 00:19
TAP in numbers – 00:50
TAP strong growth record – 01:50
RhythmOne (RTHM): period to acquisition – 03:35
Taptica International Today – 04:20
Benefits of TAP’s acquisition of RTHM – 05:32
New group structure – 06:19
TAP’s video clients – 08:23
Global digital video market – 08:58
The divisions – 10:20
Integration plan – 13:11
Investment summary – 14:06
Taptica International Ltd 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.
Wednesday Apr 10, 2019
Wednesday Apr 10, 2019
This video can be seen at: https://www.piworld.co.uk/2019/04/10/arena-group-plc-are-fy-results-to-31st-december-2018/
CEO Greg Lawless and CFO Piers Wilson, present an overview of the Group’s full year results.
Arena Events Group plc is a United Kingdom-based international turnkey event design and delivery company. The Company provides managed solutions from concept and design through to the construction and delivery of temporary structures, seating and interiors for a host of sporting, outdoor and leisure events around the world. Its contracts range in size and complexity from a simple equipment rental for a local outdoor event, to an integrated solution of multiple structures and interiors for an international sporting event. It provides a wide range of services from temporary demountable seating and project management, to the installation of ice rinks as well as the provision of high end catering equipment and event furniture. The Company has operations in the United Kingdom and Europe, Middle East and Asia and the Americas.
Introduction – 00:19
Financial highlights – 00:50
UK operation – 02:11
Organic growth – 03:40
Acquisitions – 05:48
Contract wins – 06:30
Outlook – 07:13
Tuesday Apr 09, 2019
Tuesday Apr 09, 2019
The Property Franchise Group plc, formerly MartinCo PLC (MartinCo), is engaged in residential property franchise business. The Company operates as a franchise model focused on the United Kingdom residential lettings and property management services offered to private clients. It also offers estate agency services. Its brands include Martin & Co, Xperience, Ellis & Co, CJ Hole, Parkers and Whitegates. Martin & Co is a national brand with approximately 200 offices distributed across the United Kingdom. Martin & Co is a specialist lettings and property management business. Xperience brand includes is the property franchise business. Ellis & Co has over 20 offices within the M25 and one office in Tonbridge, Kent. CJ Hole is engaged in selling property within the estate agency market in the South West with over 20 offices throughout Bristol, Somerset and Gloucestershire. Its subsidiaries include Martin & Co (UK) Limited, Xperience Franchising Limited and Whitegates Estate Agency Limited.
Highlights – 00:22
The Market – 01:25
Growth – 02:25
EweMove – 03:46
Outlook – 04:28
Tuesday Apr 09, 2019
Tuesday Apr 09, 2019
by Andrew Day, CEO & David Broderick, CFO given on 8.4.19
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.
Thursday Apr 04, 2019
Thursday Apr 04, 2019
Stephen English BA(Hons), CFA Chartered FCSI
Blankstone Sington: Investment Director – Head of AIM stocks
Stephen gives great insight on the macro economic environment investors face today, and where he sees the opportunities. He talks about some criteria for his stock selection, illustrated with examples. He discusses catalysts for selling. He speaks of the changes to the market structure. He spots the themes illustrating where public markets are, in some instances, priced cheaper than private markets, which can mean PE buying listed companies too cheaply. And much, much more.
A fantastic 40 mins … and there’s another 40 mins to go in a second interview to follow.
What are your views on the macro picture for investors? – 00:20
What’s your strategy to take advantage of this macro picture? – 04:29
Growth stocks: what PE are you prepared to pay? – 09:12
Weighting of growth stocks? – 12:28
Which part of your portfolio are you uncomfortable with? – 16:09
What’s your timing on holdings? – 20:21
Which sectors are ripe for Private Equity now? – 25:24
Where do you think we are at in the tech cycle? – 27:23
Where are the opportunities in tech? – 33:33
About Stephen English:
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.
Friday Mar 29, 2019
Friday Mar 29, 2019
Friday Mar 29, 2019
This video can be seen at: https://www.piworld.co.uk/2019/03/29/somero-enterprises-som-2018-full-year-results-presentation/
Jack Cooney (CEO), Howard Hohmann (EVP Sales) and John Yuncza (CFO) present Somero’s final results to 31st December 2018.
Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The Company’s equipment automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots in North America. The Company’s products include S-22E, S-15R, S-15M, STS-11M, S-840, S-485, CopperHead XD 3.0, Mini Screed C, PowerRake 3.0, 3-D Profiler and SiteShape. Its Somero Floor Levelness System monitors Laser Screed performance, operator performance and reports alert percentages of issues. The Somero SiteShape System allows for grade shaping automatically using users’ motor grader, dozer or other grading machine. The Somero 3-D Profiler System allows automatic paving of contoured sites using a Somero Laser Screed equipment. The CopperHead XD machine encounters applications, such as chaired rebar, low slump and poor subgrades. The Somero eXtreme Platform (SXP) allows users use their Laser Screed equipment.
Jack Cooney, CEO
Introduction – 00:18
History of Somero – 00:32
The Somero Customer – 04:28
Customer care – 07:10
2018 review – 08:50
Howard Hohmann, EVP of Sales
Global reach – 09:47
Sales by territory – 10:04
Sales by product – 14:26
John Yuncza, CFO
Financial Highlights – 16:05
Operating results – 17:39
Financial position – 19:26
Cash flow – 20:12
Dividends – 21:50
Jack Cooney, CEO
Current trading & outlook – 24:13
Q&A – 26:56
Thursday Mar 28, 2019
Thursday Mar 28, 2019
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.
Strategic realignment – 00:24
Share buyback - 01:45
Regulation - 02:13
Website ranking recovery - 05:30
Acquisitions – 05:58
Outlook - 06:22
Tuesday Mar 26, 2019
Tuesday Mar 26, 2019
This video can be seen at: https://www.piworld.co.uk/2019/03/26/xlmedia-xlm-fy18-results-presentation-26-3-19/?preview=true&_thumbnail_id=2549
By Ory Weihs, CEO
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.
XLM in numbers - 01:18
Key highlights - 02:02
Gambling regulatory summary - 04:18
Financials - 09:52
Revenue diversification – 10:50
Income statement - 11:33
Cash flow statement - 12:55
Balance sheet - 13:35
Growth strategy - 14:08
Focus on Publishing Expertise - 15:00
Reduced exposure to media activities - 15:33
The Personal Finance Sector - 16:04
US gambling opportunity - 16:35
M&A - 17:29
Summary & outlook - 18:03
Tuesday Mar 26, 2019
Tuesday Mar 26, 2019
By David Cicurel, CEO & Brad Ormsby, CFO, present the group’s results for year end 31.12.18
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.
David Cicurel, CEO
Introduction – 00:18
About Judges Scientific – 01:10
Acquisitions – 03:18
Key messages – 04:50
Brad Ormsby, CFO
Financial highlights – 07:05
Performance – 08:49
Order intake – 10:03
Revenue summary – 11:21
Profit bridge – 12:38
Balance sheet & cash flow – 12:47
Return on Total Invested Capital – 13:58
Diversification – 15:10
Financial history – 15:43
David Cicurel, CEO
Growth drivers – 16:44
Acquisition criteria & delivery – 23:53
Outlook – 26:26
Investment case – 28:15
Q&A – 30:00
Friday Mar 22, 2019
Friday Mar 22, 2019
by Tim Mason CEO & Lucy Sharman-Munday CFO.
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 digitisation of loyalty schemes.
Tim Mason CEO
Our mission – 00:38
The Market Opportunity – 02:45
Investment case – 05:17
H1 exec summary – 06:02
Lucy Sharman-Munday, CFO
Financial KPI’s – 07:08
The business model – 10:04
Contract lifecycle – 13:20
Tim Mason CEO
Strategic update – 16:11
Delivering on our strategy – 17:17
New products and innovation – 20:07
Google Cloud Platform (GCP) – 24:07
New geographies – 27:03
Lucy Sharman-Munday, CFO
H1 19 Income statement – 29:56
Bridge IFRS 15/16 – 32:39
Half on half analysis – 35:27
Cash bridge – 37:21
Half on half volumes – 38:40
Tim Mason CEO
Outlook – 40:19
Q&A – 41
Tuesday Mar 19, 2019
Tuesday Mar 19, 2019
David Barron, CEO, gives an overview of the Group’s 2018 full year results.
Miton Group plc is an investment management company. The Company provides fund management services. Its funds are invested in a range of asset classes under various investment mandates, including multi-asset, equity and portfolios of collective investment schemes.
Highlights – 00:20
Performance – 01:04
Resilience – 02:02
The outlook – 03:00
Tuesday Mar 19, 2019
Tuesday Mar 19, 2019
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 organisations. 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.
What do we do? – 00:17
Our market – 05:12
2018 Financial Performance – 07:12
Organic growth – 11:35
KPIs – 12:01
Outlook – 17:00
Summary – 18:15
Q&A – 18:46
Tuesday Mar 19, 2019
Tuesday Mar 19, 2019
This video can be seen at: https://www.piworld.co.uk/2019/03/19/duke-royaltys-ceo-neil-johnson-interviewed-by-james-lynch-fund-manager-downing/
Downing bought a position in Duke Royalty (DUKE) in 2018.
James elicits the key investment attractions of DUKE, and Neil gives a great overview of DUKE, royalty finance, the market place, risk management and much more, to answer all the questions investors may have.
Duke Royalty Limited is a Guernsey-based diversified royalty investment company. The Company specialises in diversified royalty financing and provides alternative capital solutions to a diversified range of businesses in Europe and abroad. The Company’s investment policy is to invest in, without limitation and restrictions (including geographical restrictions), long-term, revenue-based royalties in private and/or public companies, and or other alternative asset classes and/or financing instruments from time to time that bear similar risk and return characteristics. The Company provides financing solutions to private companies that are in need of capital but whose owners wish to maintain equity control of their business. It provides capital to companies in exchange for rights to a small percentage of future revenues.
Introduction by James Lynch – 00:26
Neil Johnson & DUKE’s background – 01:18
What’s the royalty finance model? – 02:22
The length of the funding? – 03:07
What’s the economics of the agreements? – 03:44
What is the investment case for DUKE? – 04:37
How big is the European market? – 05:52
What’s the market opportunity? – 06:39
Are there competitors? – 07:33
Capital Step acquisition? – 07:50
Can you explain the participation element? – 08:19
How do you see the DUKE portfolio evolving over the coming months? – 09:49
How do you manage risk? – 10:30
Royalty payment cover – 12:54
Alignment of interests with royalty partners? – 14:13
What’s the demand for royalty financing? – 16:27
On-going business with our royalty partners? – 17:57
DUKE management’s alignment with shareholders – 18:55
DUKE’s LTIP? – 19:42
The outlook? – 20:30
Sunday Mar 17, 2019
Sunday Mar 17, 2019
This viedo can be seen at: https://www.piworld.co.uk/2019/03/17/the-non-executive-director-with-chris-spencer-phillips-interviewed-by-tamzin-freeman/
Chris Spencer Phillips is MD of First Flight Non Executive Directors, who recruit NEDs and Chairs. Chris gives us a little insight into the world of Non Exec Directors (NED). What they do? Their background? How they are recruited. With case studies of when it works, and when it doesn’t.
How did you get involved with recruitment of NEDs? – 00:48
What does a NED do for a company? – 02:08
Can you give an example where a NED has made a profound difference? – 03:17
How many hours does a NED contribute? – 04:24
What are the qualities and qualifications required of a NED? 04:58
Is a NED just an extra cost? – 05:58
(Guest appearance by Lord Lee – 06:18)
What do you look for when selecting NED candidates for companies? – 07:33
Do the company’s board know what they want of a NED – 09:07
How do you find candidates? – 09:52
What qualifies a candidate to be considered – 10:32
Do you recruit mainly for listed or private companies? – 11:14
A successful NED: Angle – 12:17
A failed NED – 14:50
Patisserie Valerie (CAKE) – 14:58
Gender equality? – 18:16
What’s the optimum age for a NED? – 20:03
How much does a NED cost? – 21:42
How many NEDs should a company have? – 22:29
How should a company get the best out of their NED? – 23:20
Going forward do you see any changes in the NED arena? – 25:26
Find out more about First Flight Non-Executive Directors: https://firstflightnonexec.com
Friday Mar 15, 2019
Friday Mar 15, 2019
By Dr Alastair Smith, Chief Executive
Shaping the Future of Cancer Therapy
Dr Smith gives a comprehensive overview of Avacta, followed by Q&As.
Avacta Group plc is a biotechnology company. Avacta’s focus is on its proprietary Affimer technology which is an engineered alternative to antibodies that has application in Life Sciences for diagnostics, therapeutics and general research and development. Affimer technology has been designed to address performance limitations of antibodies. Affimer technology is based on a small protein that can be generated to bind with specificity and affinity to a range of targets to enable diagnostics, research assays and therapeutics. Avacta has a pre-clinical therapeutic development programme with an in-house focus on immuno-oncology and bleeding disorders as well as partnered development programmes. Avacta is commercialising non-therapeutic Affimer reagents through licensing to developers of life sciences research tools and diagnostics.
Introduction – 00:20
What are immuno-therapies? – 03:20
Patient survival is not reflecting the early promise of Immuno-therapies – 05:05
How do we improve survival? – 07:18
Affimer technology – 09:40
Avacta Therapeutics Strategy – 11:33
The tumour micro-environment – 14:09
Drug Conjugate – 15:35
Data from animal studies from lead inhibitor – 16:18
The immune cycle – 18:48
Sensitive linkers – 19:20
Principal Programme Milestones – 20:39
Pipeline: principal In-house Programmes – 24:02
Summary – 25:43
Q&A – 26:51
Sunday Mar 03, 2019
Sunday Mar 03, 2019
Digital currency adoption by Government, Central Banks and much more
Tamzin Freeman is joined by Erik Townsend, the originator of macrovoices.com, and the author of Beyond Blockchain – the death of the dollar and the rise of digital currencies. Erik discusses how initially he ignored digital currency, and latterly realised its scope could change the world. He’s not a bitcoin or ICO fan but sees the scope of what they offer with distributed ledger technology, which could be revolutionary for the financial system.
A fascinating 45 minutes.
Erik’s background and how it led to the book – 01:29
Cryptocurrency falsely judged, instead what benefits it could offer to Government? – 02:34
What needs to happen technically to make digital currency a reality? – 05:23
How quickly will it happen? – 09:00
Doesn’t the technology have to be in place before the Government can adopt it? – 10:52
Adoption of digital currency by central banks: the pros and cons – 13:41
What catalyst will lead to adoption of a digital currency by Governments? – 16:06
Who are the pioneers in the digital currency space? – 17:20
What’s Russia & China’s position? – 20:09
How could a digital currency get the trust that the Dollar has? – 23:23
Is a digital sovereign bond market possible? – 29:25
Where do international boundaries and foreign exchange fit in? – 33:56
How would Erik go about implementing a digital currency? – 37:48
Link to Erik’s book Beyond Blockchain: https://www.macrovoices.com/bb
Link to Macrovoices: https://www.macrovoices.com
About Erik Townsend
Erik Townsend is a retired software entrepreneur turned hedge fund manager. Throughout his career, Erik has capitalized on his ability to understand complex systems and anticipate paradigm shifts far in advance of the mainstream. A teenage computer protégé, he spent most of his high school years at MIT’s Artificial Intelligence laboratory, where he taught himself several computer programming languages. Erik became an independent software development and design consultant to Digital Corporation’s manufacturing systems technology group at age 17. By age 20 he owned his first private aircraft, after earning his private and commercial pilot’s licenses.
From his experience at MIT, Erik recognized that the IT industry’s failure to embrace distributed computing translated to an exceptional entrepreneurial opportunity. At age 21, Erik committed himself to developing and commercializing distributed application software technologies he was first exposed to at MIT in the late ’70s. By the mid-1980s, Erik had invented an approach to distributed system design that is now widely known as Service-Oriented Architecture (SOA). After applying SOA concepts initially at Digital Equipment Corp (where he consulted for nearly 10 years), in 1992 Erik founded the Cushing Group, a boutique consultancy focused exclusively on bringing advanced distributed application computing technologies to market. The Cushing Group’s work with Wells Fargo Bank in the early 1990s paved the way for Wells Fargo to become the world’s first Internet Bank by early 1995.
By 1998, Erik had grown The Cushing Group to 35 employees, $10mm annual revenues, and an exceptional 28% net operating income. The Cushing Group was well on its way to becoming the premier authority on SOA, and many expected the company to go public after a few more years. But Erik recognized that valuations for IT Service companies were ridiculously high at the time, and that an exit through acquisition was more prudent than waiting for an IPO in a market where Erik was convinced a bubble was forming.
After selling the Cushing Group to Ciber, Inc. (NYSE: CBR) in 1998, Erik briefly engaged a well-known investment bank to manage his assets, but was profoundly disappointed with their services. He subsequently took a deep dive into macroeconomic/fundamental investing and educated himself on the mechanics of derivatives trading. Erik has actively traded energy, grains, and precious metals futures markets since 2008, and has become a recognized expert in Peak Oil investing, having given lectures on that topic to Parliament in Belgium and at the ASPO technical conference. Erik has also become a financial podcast personality, having appeared regularly as the commodities commentator on a popular weekly financial program for several years.
Erik has become a passionate world traveller. He moved to Hong Kong in 2009 to get a better perspective on changing global economics. While living in Hong Kong, several hedge fund professionals he met there observed that through his own passionate trading activities, Erik was “already doing all the work of running a hedge fund except for picking up the phone and calling a lawyer and turning it into a fund”. Erik was flattered by the advice of his peers in Hong Kong to launch his own hedge fund, but wanted to finish his boots-on-ground evaluation of the global economy first. He spent just over sixteen months in 2011 and 2012 exploring the world, living in 28 cities in 18 countries during that period. Erik continues to live a very international lifestyle, and presently has homes in Hong Kong, Mexico and the United States.
Erik eventually took his Hong Kong friends’ advice to heart, and founded Fourth Turning Capital Management, LLC in 2013. Through that asset management company, he launched a Global Macro-strategy hedge fund in July 2013. In February 2016, Erik launched Macro Voices, a new weekly financial podcast program which will target professional finance, high net worth, and other “sophisticated” investors who desire financial content at a level of sophistication and complexity above what the retail investment-focused podcasts on the Internet presently offer.
Tuesday Feb 19, 2019
Tuesday Feb 19, 2019
RA International Group PLC is a United Kingdom-based remote site service provider. The Company offers integrated camp services, from the construction of camp facilities to full life support services- including camp catering and camp maintenance services foe clientele operating in remote and challenging environments. It focuses on providing remote site solutions for those involved in humanitarian operations, and the oil and gas and mining industries. The Company’s service offerings include construction, operation and maintenance, integrated facilities management, supply chain, and accommodation. It provides its services to mining, oil and gas, and humanitarian.
RAI: who are we and what do we do? – 00:18
Management – 00:45
What RAI does? – 01:20
The background – 02:50
Competitive position – 05:15
Customers – 06:32
RAI locations – 08:19
Financial summary – 09:48
Business profile in a new country – 11:24
Overview of contracts – 15:05
Financials – 17:54
Growth strategy – 18:30
Market opportunity & pipeline – 20:40
Our differentiators – 22:14
The tender process – 27:59
Compliance led approach – 31:40
IPO overview – 33:15
The Board – 33:28
Summary – 34:24
Monday Feb 18, 2019
Monday Feb 18, 2019
This video can be seen at: https://www.piworld.co.uk/2019/02/18/the-journey-of-the-investor-from-beginner-to-pro-with-graham-neary/
The journey of the investor, from beginner to pro – interview with Graham Neary by Tamzin Freeman, piworld.
Graham discusses the investing options for individuals who want to manage their future financial security. He starts with an IFA, covers the use of passive funds, and then moves into the more sophisticated skills of self-investing. Graham describes aspects of his own investing journey, with reference to specific holdings in his own portfolio.
Graham Neary is Director of Cube.Investments, the platform for objective, independent financial analysis, and writes the Stockopedia Small Cap Value Report with Paul Scott.
Graham is a full-time investor and analyst with a decade of financial markets experience. He has worked on the sell-side as a fixed income analyst at independent research firms, and on the buy-side as equity portfolio manager for an international financial services organisation.
Graham is a CFA Charterholder, also holding the Investment Management Certificate and the STA Diploma in Technical Analysis. He graduated in mathematics from Trinity College, Dublin.
Introduction to Graham – 00:38
Graham’s views on IFA’s – 02:30
Passive funds – 03:49
Managing your own money - 07:56
Where to start doing your own research? – 10:02
What’s Graham’s style of investing? - 11:13
Losses? Being OK with a 50% drawdown - 12:57
What is the catalyst for Graham to sell? - 14:44
Value v Quality - examples - 15:49
Organic growth v acquisitions – 18:05
Tandem Group (TND) – low earnings multiple – 20:47
Quality holdings in Graham’s portfolio – 23:09
Customer concentration – 26:00
Financial stocks – 26:37
What rate of return are you looking to achieve? – 29:00
Risk management - 30:20
Position size in portfolio - 32:10
Outlook for 2019 – 33:51