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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 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
Saturday Feb 02, 2019
Saturday Feb 02, 2019
Gareth Evans, Founder Progressive Equity Research interviewed by Tamzin Freeman, piworld
Gareth describes the role of the analyst, clarifying where the analyst sits within the bank/broker’s services, and where they sit commercially. He gives great insight to the delicate balance of client relationships, reputation and integrity. Finally, he covers off the effects of MiFID II.
Gareth has over 15 years research experience covering pan-European Chemicals & Technology sectors. He founded Progressive Equity Research in 2012. Formerly, Gareth held research positions at ABN AMRO, Canaccord & Investec, where he was Joint Head of Research and was awarded techMARK Analyst of the Year in 2006.
Gareth’s background – 00:25
Where does the analyst sit within a bank? – 02:30
What’s the typical day for an analyst? – 04:44
Do you cover the whole market? – 05:58
How are analysts briefed by their manager? – 11:14
Relationships within the corporate broker and the company – 13:09
The institutional investor v the company relationship – 15:32
The different roles of the corporate broker, analyst & salesman – 17:33
Broker ‘sell’ notes – 19:23
The poor results dilemma – 22:20
The effect of MiFID II – 26:14
How do you see research playing out on-going? – 31:29
Saturday Jan 26, 2019
Saturday Jan 26, 2019
By Carl Harald Janson, Lead Investment Manager, IBT
International Biotechnology Trust plc is an investment trust company. The Company's investment objective is to achieve long-term capital growth by investing in biotechnology and other life sciences companies. The Company will seek to achieve its objective by investing in a diversified portfolio of companies, which may be quoted or unquoted and whose shares are considered to have growth prospects, with experienced management and strong potential upside through the development and/or commercialization of a product, device or enabling technology. It may invest through equities, index-linked securities and debt securities, cash deposits, money market instruments and foreign currency exchange transactions. Investments may also be made in related sectors, such as medical devices and healthcare services. Its portfolio is split between large, mid and small-capitalization companies, primarily quoted on stock exchanges in North America. Its investment manager is SV Life Sciences Managers LLP.
Disclaimer and risk warning - 00:18
Agenda - 00:41
Video introducing IBT - 01:03
Management team - 03:50
SV Health Managers: The Manger of IBT - 04:18
Biotech is a high growth sector – 05:04
IBT dividend - 05:53
Growth drivers - 06:23
Risk: Politics in US and regulation - 09:28
Sector valuations at some of lowest in 20 yrs - 12:10
Performance of IBT - 12:47
Portfolio breakdown - 15:49
How to cope with pricing pressure and slow growth - 18:38
Portfolio changes - 19:09
Portfolio acquisitions in 17/18 - 19:47
Unquoted portfolio - 21:07
Investment process - 21:44
Risk mitigation - 22:52
Summary - 23:45
Friday Jan 25, 2019
Friday Jan 25, 2019
Introduced by Osman Abdulah, Group CEO.
Presentation by Paul Negus, Group Business Development Director
Petards Group plc (Petards) supplies advanced security and surveillance systems. The Company operates in the development, supply and maintenance of technologies used in advanced security, surveillance and ruggedized electronic applications segment. It offers software driven on-board digital video and sensor systems for fitment to new build or retrofitted to existing rolling stock, and its applications include driver only operation, condition monitoring, saloon car closed circuit television (CCTV), drivers view cameras and automatic passenger counting systems. It offers electronic defensive countermeasure systems for fitment to rotary and fixed wing aircraft, threat simulation systems and mobile radios predominantly for the United Kingdom Ministry of Defense. It offers mobile speed enforcement and automatic number plate recognition (ANPR) systems to law enforcement agencies, and is sold under the Provida brand. It serves markets, including transport, defense and emergency services.
Introduction, Osman Abdulah – 00:17
Paul Negus, Group Business Development Director – 01:09
Overview of PEG: Markets – 02:40
Executive board – 03:34
Strategic plan – 03:50
Order highlights – 05:44
Video of PEG products – 06:54
Technology highlights 2018 – 09:41
Value creation in the ‘New Build’ market – 14:40
UK rail market opportunities 2019/20 – 17:16
Product roadmap – 19:08
The Rail outlook – 22:03
Traffic technology offering & highlights – 23:23
Defence Services Offering – 24:25
Petards Group – 25:00
Q&A – 26:00
Saturday Jan 19, 2019
Saturday Jan 19, 2019
piworld’s Tamzin Freeman interviews Reg Hoare about the role of the Financial PR.
Reg’s background: Reg joined MHP in 2010 and has over 30 years City experience, initially gained with 11 years in investment banking and securities, principally at SG Warburg and Nomura. He switched to financial PR in 1995, and specialises in advising mid market companies, from FTSE 250 to AIM 100 across a number of sectors, and has a long track record of advising in complex situations including IPOs, fund raisings, M&A, crises and restructurings. He also served for 8 years as a Board member of the Investor Relations Society, Europe’s leading body for investor relations practitioners.
Reg’s background and how he got into financial PR – 00:39
What is the role of the financial PR? – 02:53
What makes a good RNS? – 05:49
Why companies don’t put the consensus forecasts on their website? – 07:15
What notice do you have of the good news, or bad news, of a trading update? – 08:43
Profit warnings – 09:56
What’s the biggest challenge for the PR? – 13:31
As a PR, how do you feel about the retail investor? – 15:21
How do you gear a comms strategy to include the retail investor? – 17:00
The regulation that the companies have to adhere to? – 18:24
Has MiFIDII affected you, as a financial PR? – 23:14
How has the PR function changed over the period? – 26:13
How has the proliferation of media affected you? – 29:50
As a PR, what are the constraints for you as a private investor? – 32:04
If you weren’t a financial PR, what would you do? – 34:35
Friday Dec 21, 2018
Friday Dec 21, 2018
This video can be seen at: https://www.piworld.co.uk/2018/12/21/palace-capital-pca-presentation-at-mello-london-november-2018/
By Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Richard Starr, Executive Director
Palace Capital plc is a property investment company. The Company invests in commercial real estate in the United Kingdom. The Company's property portfolio includes investment properties located throughout England, predominantly regional investments outside London and consists of a diverse portfolio of commercial buildings. The Company's properties include Hudson House, York; Fraser House, Staines, and Midsummer Boulevard, Milton Keynes. The Company invests in a range of sectors, such as leisure, auto, legal, hotels, retail, health, research and development, and car parking. The Company's subsidiaries include Palace Capital (Leeds) Limited, Palace Capital (Northampton) Limited, Palace Capital (Properties) Limited, Palace Capital (Developments) Limited, Palace Capital (Halifax) Limited and Property Investment Holdings Limited.
Introduction - 00:19
Investment case - 00:41
Regional UK commercial property market - 01:09
Track record of outperforming in UK Real Estate - 02:12
HY19 Sept 2018 highlights - 03:20
The financials - 04:24
The UK property market - 08:09
Permitted development impact on regional office stock - 08:59
Urbanisation & connectivity - 09:42
Portfolio overview - 10:29
Outlook - 16:00
Thursday Dec 20, 2018
Thursday Dec 20, 2018
eServGlobal (ESG) presentation at Mello London 2018
by John Conoley, Executive Chairman
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.
Introduction – 00:17
The two businesses – 01:05
The core business – 02:13
HomeSend – 03:20
Recent fundraise – 07:50
Newflow – 13:45
Typical finTechs – 15:40
Q&A – 20:34
Wednesday Dec 19, 2018
Wednesday Dec 19, 2018
John Rosier: reflections on 2018
John Rosier, a full time private investor with over 30 years’ investment experience and a regular contributor to the Investors Chronicle magazine.
John runs a website, which is a journal of two live portfolios. It reports on the progress, explains the rational behind each investment decision and comments on latest company news, portfolio strategy, topical issues and performance. http://johnsinvestmentchronicle.com
John’s background – 00:30
How’s the last year been? – 02:02
What have you learnt from the profit warnings? – 03:30
What are your views on the tricky market? – 09:13
What are your methods to remain balanced with a profit warning? – 14:08
What’s your cash position? – 16:37
The power of dividends – 18:00
What are you looking to buy? – 19:00
Where do you see the market going forward? – 25:00
Wednesday Dec 19, 2018
Wednesday Dec 19, 2018
Zotefoams (ZTF) investor presentation at Mello London November 2018
By David Stirling, Group CEO
Zotefoams plc is a United Kingdom-based cellular material technology company. The Company is engaged in the manufacture and sale of cross-linked block foams. The Company’s segments include Polyolefins, High-Performance Products (HPP) and MuCell Extrusion LLC (MEL). Polyolefins foams are made from olefinic homopolymer and copolymer resin. HPP foams include ZOTEK F foams and T-Tubes insulation, made from polyvinylidene fluoride (PVDF) fluoropolymer. Other products include foams made from polyamide (nylon) and PEBA. MEL licenses microcellular foam technology and sells related machinery. The Company offers a range of categories of products, such as AZOTE, including PLASTAZOTE, EVAZOTE and SUPAZOTE; ZOTEK, including ZOTEK F, ZOTEK N and ZOTEK PEBA, and T-FIT. Its products are used in a range of markets, including sports and leisure, packaging, transport, medical, Industrial, building and medical other construction, and other.
Overview of Zotefoams – 00:43
Products overview – 04:44
Clients and end users – 06:34
Current locations – 07:39
H1 2018 Segmental Overview – 08:28
Strategy – 09:38
Demand influenced by global megatrends – 10:43
Major investment history – 13:13
Global investment strategy – 14:24
Unique technology – 15:36
Financial highlights – 19:20
KPIs – 20:46
Revenue & profit momentum – 22:15
The Zotefoams investment case – 24:43
Common questions – 24:55
Q&A – 29:30
Wednesday Dec 19, 2018
Wednesday Dec 19, 2018
T Clarke (CTO) presentation at Mello November 2018 By Mark Lawrence, CEO and Trevor Mitchell, Group FD.
TClarke plc is a United Kingdom-based building services company, which delivers electrical, mechanical, and information and communications technology (ICT) services. The Company provides electrical and mechanical contracting and related services to the construction industry and end users. Its geographical segments include London and South East, Central and South West, the North and Scotland. The Company’s businesses include Intelligent Buildings Green Technologies, Facilities Management, Transport, Mission Critical, Manufacturing Services, Residential & Hotels, M&E Contracting and Design & Build. The Company within its M&E contracting business has capabilities in sectors, including commercial offices, retail, education, healthcare, financial services and media. Its Manufacturing Services business includes in-house precision prefabrication and engineering services. Its projects include Beckley Court, Chiswick Park, Kettering Hospital, Project Nova, Mitie Care Home and Rathbone Square.
Introductory video to T Clarke – 00:18
Mark Lawrence, Group CEO and Trevor Mitchell, Group FD – 02:15
What we do – 03:06
Target markets and customer relationships – 05:34
Financial highlights – 08:06
Investment case – 11:00
Risk management – 14:05
Market sectors – 19:28
Summary – 27:19
Q&A – 28:33
Wednesday Dec 19, 2018
Wednesday Dec 19, 2018
SmartSpace Software Plc
By Frank Beechinor, CEO
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.
Video overview – 00:22
SMRT history – 03:16
What SMRT do – 09:49
Clients – 13:34
Recent developments – 15:28
Financial highlights – 15:53
Growth by acquisition – 16:15
SwipedOn – 17:45
Summary – 23:07
Q&A – 26:04
Wednesday Dec 19, 2018
Wednesday Dec 19, 2018
SigmaRoc (SRC) presentation at Mello November 2018
By Max Vermorken, CEO
SigmaRoc plc (SigmaRoc), formerly Messaging International plc, is a United Kingdom-based company that pursues a buy-and-build strategy in construction materials in the European market. The Company invests in and operates construction material assets. It seeks to create value by purchasing assets in fragmented construction materials markets and extracting efficiencies through active management and by forming the assets into larger groups. It targets both the up and down stream heavy construction materials sectors, such as operating assets, value added products and services, associated infrastructure and supply chain. Its subsidiaries include Ronez Limited, supplier of building materials and services in the Channel Islands; SigmaPPG, which has locations in London, the Midlands and the east of England, trading through its entities of Topcrete, and Poundfield Products Ltd.
Introduction – 00:17
Two business models for heavy construction materials – 01:02
SRC products, services and applications – 05:11
Operational highlights 2018 – 06:06
Financials H1 2018 – 07:26
What’s next? – 09:00
Investment summary – 12:40
Q&A – 13:18
Wednesday Dec 19, 2018
Wednesday Dec 19, 2018
Shield Therapeutics (STX) presentation at Mello London 2018
By Tim Watts, CFO
Shield Therapeutics PLC is a specialty pharmaceutical company focused on the development and commercialisation of late-stage, hospital-focused pharmaceuticals. The Company’s product, Feraccru, is an oral treatment for iron deficiency anaemia (IDA) in patients for whom intravenous iron or blood transfusions is needed. It also has a pipeline of over three prescription pharmaceutical assets, including PT20, PT30 and PT40. PT20, which is in Phase II clinical trials, is used as a treatment for hypophosphatemia. PT30, which indicates advanced intravenous (IV) iron formulation, is in pre-clinical stage. Its PT40, which indicates generic IV iron formulation, is in pre-clinical trials. Feraccru, which indicates IDA in chronic kidney disease (CKD) and inflammatory bowel disease (IBD), is in Phase III clinical trials. Its other indications for Feraccru are in Phase II clinical trials.
Introduction – 00:17
Iron deficiency and Feraccru – 01:56
Norgine licence headlines – 11:28
USA – 14:00
Financial – 15:15
Management team – 15:47
Anticipated news flow – 17:00
Key messages and investment highlights – 18:12
Wednesday Dec 19, 2018
Wednesday Dec 19, 2018
Minds + Machines (MMX) presentation at Mello London November 2018
By Toby Hall, CEO
Minds + Machines Group Limited and its subsidiaries own and operate a portfolio of generic top-level domain assets (gTLDs). The Company operates in the domain name industry and provides end-to-end domain services. Its segments include Registry ownership (Registry), including applicant of top level domain name from Internet Corporation for Assigned Names and Numbers (ICANN) and wholesaler of domain names of those top level domain names; Registry service provider (RSP) and consulting services (segment B), which includes back end service provider for a registry, and Registrar (Registrar), which includes retailer of domain names. Its portfolio is focused around geographic domains, such as .london, .boston, .miami and .bayern; professional occupations, such as .law, .abogado and .dds; consumer interests, including .fashion, .wedding and .vip; lifestyle, including .fit, .surf and .yoga; outdoor activities, such as .fishing, .garden and .horse, and generic names, such as .work and .casa.
MMX at a glance – 01:10
MMX portfolio – 04:53
The turnaround – 07:23
Global sales channel – 12:20
Growing registration & recurring revenue – 13:20
Ongoing strategy – 16:33
Organic growth – 19:57
Portfolio management – 27:27
Innovation: the digital identifier universe – 30:16
Blockchain: .luxe – 31:32
MMX investment case – 35:05
Summary – 37:11
Wednesday Dec 19, 2018
Wednesday Dec 19, 2018
Downing Monthly Income Fund presentation at Mello London 2018
By James Lynch, Fund Manager
Covering the key points of the fund, and how they do it
- Top quartile yield: the fund is committed to providing a market and sector beating yield.
- High conviction portfolio: 30 – 40 holdings allow best ideas to drive performance.
- Risk-adjusted portfolio construction: with our bottom-up approach, we believe we have a full understanding of our investments. Strong balance sheets, good cash generation and efficient operations reduce risk.
- Value-led: we aim to buy businesses at attractive valuations, to improve returns and protect against downside risk.
- Multi-cap approach: the fund applies Downing’s small-cap expertise across a range of UK market capitalisations.
- Distributions: income is paid monthly.
Duke Royalty (DUKE) – 00:27
Downing Monthly Income Fund – 01:21
Market backdrop – 01:31
Philosophy – 05:16
The positions: Adept Technology (ADT) – 07:50
Photo-Me International (PHTM) – 11:19
Maintel Holdings (MAI) – 14:29
Lock ‘nStore Group (LOK) – 17:14
Summary about Downing Monthly Income – 19:02
Q&A – 21:07
Thursday Dec 06, 2018
Thursday Dec 06, 2018
This video can be seen at: https://www.piworld.co.uk/2018/12/05/frontier-developments-fdev-presentation-at-mello-london-november-2018/
Frontier Developments (FDEV) presentation at Mello November 2018
By Alex Bevis, CFO
Frontier Developments plc (‘Frontier’), is a world-class video game developer and publisher with multiple revenue generating franchises.
Founded in 1994 by David Braben, co-author of the seminal Elite (1984), Frontier achieved success as a work-for-hire games developer over a twenty year period, with a proven track record over a variety of genres and many platforms.
The rise of digital distribution was the catalyst to transition to a more profitable self-published model, and in 2013 Frontier supported the development of a self-published title, Elite Dangerous, through a combination of kickstarter funding and an IPO on AIM (FDEV). Elite Dangerous launched in December 2014, followed by Planet Coaster in November 2016 and Jurassic World Evolution in June 2018.
Frontier is therefore well positioned having successfully launched three revenue generating game franchises. The most recent, Jurassic World Evolution, achieved the biggest launch to date – 1 million units in just 5 weeks. Frontier has a proven track record of sustaining and nurturing existing franchises to deliver multi-year revenues, with each new franchise release providing a step-up in overall financial performance. Franchise four is now in full development and targeted for release in FY20, and two more new franchises are in earlier stages of development.
Frontier employs over 400 people in Cambridge and utilises its proprietary ‘COBRA’ game development technology to create innovative games, currently focusing on video game consoles and personal computers. Revenue in FY18 (year ended 31 May 2018) was £34 million and analysts expectations for FY19 are £75-88 million.
Agenda – 00:30
FDEV overview – 0-:51
Our industry – 01:49
FDEV history to date – 04:32
Launching and sustaining a game franchise – 07:47
Financial performance with scale up of franchises – 12:17
Financial performance FY12 to FY22 – 13:54
Income statement – 15:28
Players in Games – 20:40
Future opportunities – 22:11
Summary and outlook – 25:15
Q&A – 25:49
Monday Dec 03, 2018
Monday Dec 03, 2018
Biome Technologies (BIOM) presentation at Mello London November 2018
By Paul Mines, CEO
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.
Introduction – 00:18
Overview - 01:05
Key data - 01:43
Biome Bioplastics - 02:22
The business – 09:24
Stanelco RF Technologies - 10:52
Growth potential - 14:05
Summary: investment proposition - 14:45
KPIs - 15:36
Q&A - 16:30
Further viewing explaining the plastic predicament: What’s wrong with plastic?