PIWORLD Investor Podcasts

This video can be seen at: https://www.piworld.co.uk/2021/02/15/4basebio-4bb-investor-presentation-february-2021/   4basebio (4BB) lists on AIM on 17th March 2021. Heikki Lanckriet, CEO gives us an overview of the business, what it does, the market opportunity, and how it plans to capitalise on it; its capital structure, and its short-term objectives on listing. About Heikki Lanckriet, CEO – 00:18 About 4basebio UK Societas – 01:08 Admission to AIM – 04:15 Business focus - 04:47 Genomics assets - 06:16 Where are 4BB in terms of their development - 08:05 Market opportunity - 09:34 Non-viral delivery systems 10:12 Where is 4BB in the delivery of technology? - 11:59 Commercial summary - 12:39 4BB focus – summary – 13:46 Management & Capital Structure - 15:53 Financial expectations and near term objectives - 16:13 About 4basebio 4basebio UK Societas is a specialist life sciences group focused on therapeutic DNA for gene therapies and DNA vaccines and providing solutions for effective and safe delivery of these DNA based products to patients. Its main country of operation is the UK. The Company intends to become a market leader in the manufacture and supply of high purity, synthetic DNA for research, therapeutic and pharmacological use. The principal objective of 4bb is to validate and scale its DNA synthesis process with a view to manufacturing. Good Manufacturing Practice ("GMP") grade DNA, suitable for use in gene therapies and DNA vaccines.

This video can be seen at: https://www.piworld.co.uk/2021/02/11/piworld-interview-charlie-morris-all-about-bitcoin/   Charlie gives us a comprehensive overview of bitcoin. He helps us make sense of the febrile bitcoin market which is experiencing the Elon Musk's and Michael Saylor's impact. He outlines the key elements of bitcoins price, namely inflows and outflows; and more broadly talks of transaction speed; regulation; ESG credentials and more. We’re even told how we can buy our own bitcoin! Topical with this week’s market action. Charlie’s background – 00:38 The value of bitcoin - 01:26 What should investors look for to invest in bitcoin? - 03:22 Are institutions buying now? - 08:06 What’s a fair price for bitcoin? – 09:35 The cost of production - 11:43 Is bitcoin the only crypto currency, or are there others that are significant? - 13:55 Transactions per second – 16:00 Can you see bitcoin replacing fiat currency? – 18:57 Regulation - 21:39 ESG - 24:33 How do I buy bitcoin? – 26:23 Security and access to your bitcoin - 27:43 Is there an estimate of ‘lost’ bitcoin? - 28:36 Collective instruments in bitcoin? - 30:18 Asset allocation between gold-equities-bitcoin etc? - 31:22 Where to find Charlie - 33:52 About Charlie Morris Charlie is the Chief Investment Officer at ByteTree Asset Management (BTAM) and founder of ByteTree.com. He has 23 years’ experience in fund management, where he has built a reputation for managing actively managed, multi-asset portfolios, with an emphasis on efficient diversification and risk management. Although well versed in traditional asset classes, Charlie is best known for his expertise in alternative assets, notably gold and Bitcoin. In previous roles, Charlie was the head of Multi Asset at Atlantic House Fund Management until June 2020, where he managed Total Return Fund. At the time of his departure, his fund ranked 1st out of 47 funds in the Trustnet multi-asset, absolute return sector. Before that, he was the Chief Investment Officer at Newscape (2016 to 2018) and the Head of Absolute Return at HSBC Global Asset Management until (1998 to 2015) where managed $3bn of assets. Prior to fund management, Charlie was an officer in the Grenadier Guards, British Army. Charlie is also the editor of the leading UK investment newsletter, The Fleet Street Letter (est 1938) since 2015. While not working, he can often be found somewhere in the North Sea. Contact Charlie at ByteTree.com.  

This video can be seen here: https://www.piworld.co.uk/2021/02/05/reg-hoare-investment-trusts-an-investing-panacea-for-pandemics-update/   Reg’s Investment Trust performance during 2020 played out very positively. Here, Reg follows-up on some of the Investment Trusts he mentioned in his last presentation (given May 2020), he tells us what he top sliced and what he’s bought into, his top pick, and the market outlook. If you didn’t see the original presentation it’s worth a look. It provides a comprehensive guide to buying Investment Trusts, what they are, selection criteria, Reg’s preferences, and what to expect. Click here to watch it. For now, here’s the update: How did investment trusts perform in 2020? – 00:33 Reg’s performance 2020 - 03:36 Performance of the cashed-up ITs - 04:53 IT laggards in 2020 - 07:34 What’s Reg been buying or selling? - 10:00 Reg’s IT picks for 2021 - 16:20 Mercia Asset Management - 17:30 The market outlook for 2021 - 20:35 Other Investment Trusts mentioned 16:28: Chrysalis Investments (CRS), Allied Minds (ALM), BP March (BPM), Schroder UK Public Private (SUPP) Tetragon Financial Group (TFG), Macu Property Opportunities (MPO), Crystal Amber (CRS), Dunedin Enterprise (DNE), EPE Special Opportunities (ESO), Hansa Investment Company (HANA) About Reg Hoare Reg is a Managing Director of Engine MHP Communications, the leading Financial & Corporate PR firm where he specialises in advising mid-market companies, from FTSE 250 to AIM 100. He has over 35 years’ City experience including a decade in investment banking and securities. In his spare time he is an active private investor, managing his own SIPP and other investments. Reg can be followed on twitter @reghoare  

This video can be seen at: https://www.piworld.co.uk/2021/02/03/idox-idox-full-year-2020-results-analyst-presentation-2-2-21/   David Meaden, CEO and Rob Grubb, CFO, present FY20 results to analysts followed by Q&A. David Meaden, CEO Introduction – 00:17 About Idox - 00:58 Investment case - 03:15 Delivering the strategy - 05:43 FY20 financial highlights - 06:54 Rob Grubb, CFO Financial highlights - 08:55 Public sector – 10:57 Engineering information management - 13:45 Content, compliance & grants – 15:36 Income statement - 17:38 Balance sheet - 19:40 Cashflow – 21:02 Future guidance – 21:26 David Meaden, CEO Operations & strategy - 23:45 Operational highlights - 24:02 Four pillars strategic framework - 25:49 ESG – 27:39 Run & fly phases - 29:02 Summary & outlook – 30:09 Q&A – 31:27 Idox plc is a supplier of specialist information management solutions and services to the public sector and to regulated asset intensive industries around the world. The Company operates through five business segments: Public Sector Software (PSS), Engineering Information Management (EIM), Grants (GRS) and Compliance (COMP). PSS segment is an application provider to the United Kingdom local government for core functions relating to land, people and property, such as its planning systems and election management software. The EIM segment delivers engineering document management and control solutions to asset intensive industry sector. The GRS segment delivers funding solutions to private and third sector customers. The COMP segment provides compliance solutions to corporate, public and commercial customers.

This video can be seen at: https://www.piworld.co.uk/2021/02/03/nwf-group-nwf-interim-results-analyst-presentation-2-2-21/ Richard Whiting, Chief Executive & Chris Belsham, Group Finance Director present NWF’s interim results (to 30.11.20), to analysts, on 2nd Feburary 2021. Richard Whiting, Chief Executive Introduction – 00:17 Results summary – 00:47 Impact and response to COVID-19 – 01:46 Fuels highlights – 02:47 Food highlights – 03:50 Feeds highlights – 05:12 Impact and response to Cyber incident – 06:37 Chris Belsham, Group Finance Director Financial highlights – 07:42 Income statement – 07-50 Balance sheet- 09:23 Pension – 10:31 Cash flow – 11:36 Net debt – 12:08 Richard Whiting, Chief Executive Strategy summary – 13:17 UK fuel market – 14:23 Acquisition activity – 14:40 Chris Belsham, Group Finance Director Acquisition process – 16:36 Richard Whiting, Chief Executive ESG framework – 19:14 The NWF proposition – 21:02 Summary and outlook – 22:04 Q&A – 23:11 NWF Group plc is engaged in the manufacture and sale of animal feeds, the sale and distribution of fuel oils, and the warehousing and distribution of ambient groceries. The Company operates through three segments: Feeds, Food and Fuels. The Feeds segment is engaged in the manufacture and sale of animal feeds and other agricultural products. The Food segment is engaged in warehousing and distribution of clients’ ambient grocery and other products to supermarket and other retail distribution centers. The Fuels segment is engaged in the sale and distribution of domestic heating, industrial and road fuels. The Company’s subsidiary, Boughey Distribution Limited, is engaged in warehousing and food distribution. Its subsidiaries, NWF Agriculture Limited, S.C. Feeds Limited, New Breed (UK) Limited and Jim Peet (Agriculture) Limited, are engaged in animal feedstuffs and seeds supply. Its subsidiaries, NWF Fuels Limited and Staffordshire Fuels Limited, are engaged in fuel distribution.

This viedo can be seen at: https://www.piworld.co.uk/2021/01/29/piworld-interview-the-signs-were-there-tim-steer-andy-brough/   Tim Steer, Author of The Signs were There, and Andy Brough, Head of the UK & European, Small & Mid Cap team, at Schroders, talk through different elements of Tim’s book. They help us identify some of the red flags in company accounts, including where profits are flattered by either balance sheet assets which should appear as debits on the P&L, or with credits taken out of the balance sheet benefiting the P&L. Artfully, they take a dry subject, add some personality and humour so one learns and enjoys it! Tim’s background - 00:33 Andy’s involvement with The Signs Were There – 01:30 What do you look at first with a set of accounts? - 03:07 Auditors - 09:30 When is it appropriate to capitalise? - 11:11 When is EBITDA an appropriate measure of profit? - 17:08 How easily can we understand a company's accounts with CV19 provisions/ adjustments? - 20:40 How do you distinguish between good & bad acquisitive companies? - 23:27 Are high levels of debt ever appropriate to achieve shareholder returns? - 27:26 Are you surprised the ease at which companies can raise funds with CV19? – 28:40 Will there be continued enthusiasm for capital raises? - 30:17 Are you optimistic for the markets in 2021 and 2022? - 31:47 ESG - 33:52 About Andy Brough: • Head of the UK & European Small and Mid Cap team • Manager of the Schroder Mid 250 Fund and the Schroder UK Smaller Companies Fund • Co-Manager of the Schroder UK Mid Cap Fund plc and Co-manager of the Schroder Institutional UK Smaller Companies Fund • Co-manager of Schroder ISF European Smaller Companies • Investment career commenced on joining Schroders in 1987 • Chartered Accountant • BSc in Economics, Manchester University About Tim Steer Tim Steer toured with Meatloaf, Diana Ross, Cheap Trick, The Cars, Thin Lizzy and The Jam as a sound engineer, and managed the Pink Floyd’s old sound and lighting system after the release of The Wall. At the time it was one of the largest systems in the world. He then embarked on a new career and qualified as a Chartered Accountant with EY and after leaving there he became a highly rated investment analyst at HSBC James Capel and then Merrill Lynch, where he was Managing Director and Head of Research of Pan Euro Small/Mid Cap Companies. He puts his success entirely down to the excellent training he received at EY, BPP and from a partner called Richard Findlater. In 2000 he was a founding shareholder of New Star and in 2009 he joined Artemis where he was part of the team that purchased the business back from Fortis, then part of RBS. Tim Steer was one of the most highly ranked fund managers in the UK being rated Triple A by Citywire and he ran both long and absolute return funds. At its peak he ran $4 billion of assets, a significant portion of which was held in short positions, many of which are included in his book – ‘The Signs Were There’. He has written regularly for The Sunday Times where he had an investment column, and The Sunday Telegraph. The Signs Were There is a book that points out that for many company and share price disasters such as Autonomy, Aston Martin and Patisserie Valerie there are usually warning signs in the company’s financial statements for those who bother to look.

This video can be seen at: https://www.piworld.co.uk/2021/01/28/sthree-stem-full-year-2020-analyst-presentation-25-1-21/ Alex Dorman, CEO & Alex Smith, CFO present FY20 results to analysts followed by Q&A. Alex Dorman, CEO Alex Smith - 00:24 Overview of the FY20 - 01:43 Execution across the period - 07:00 Alex Smith, CFO Financials - 10:32 Alex Dorman, CEO Strategy & outlook - 27:40 ESG - 33:34 Market outlook - 35:24 Outlook & focus going forward - 38:15 Q&A - 39:40 SThree plc is an international staffing company, which provides specialist recruitment services in the science, technology, engineering and mathematics (STEM) industries. The Company provides permanent and contract staff to sectors, including information and communication technology (ICT), banking and finance, life sciences, engineering and energy. The Company's segments include the United Kingdom & Ireland (UK&I), Continental Europe, the USA, and Asia Pacific & Middle East (APAC & ME). The Company's recruitment brands include Computer Futures, Progressive Recruitment, Huxley and Real Staffing. The Company's other brands include Global Enterprise Partners, Hyden, JP Gray, Madison Black, Newington International and Orgtel. The Company delivers contract, permanent, projects, retained and executive search recruitment solutions. Its support and mobility services offer contracting, relocation and relevant visa support. It provides resources to support its brands with contractor services.

This video can be seen at: https://www.piworld.co.uk/2021/01/25/sthree-stem-fy20-results-overview/   Mark Dorman, CEO & Alex Smith, CFO outline the full year results and discuss the outlook, where they believe SThree are in the best markets, taking market share, and investing to become the number one STEM talent provider in the best STEM markets. Mark Dorman, CEO Overview of the period - 00:23 Alex Smith, CFO Financials – 03:32 Mark Dorman, CEO Covid-19 - 05:30 Operational highlights - 06:26 Outlook – 07:00 SThree plc is an international staffing company, which provides specialist recruitment services in the science, technology, engineering and mathematics (STEM) industries. The Company provides permanent and contract staff to sectors, including information and communication technology (ICT), banking and finance, life sciences, engineering and energy. The Company's segments include the United Kingdom & Ireland (UK&I), Continental Europe, the USA, and Asia Pacific & Middle East (APAC & ME). The Company's recruitment brands include Computer Futures, Progressive Recruitment, Huxley and Real Staffing. The Company's other brands include Global Enterprise Partners, Hyden, JP Gray, Madison Black, Newington International and Orgtel. The Company delivers contract, permanent, projects, retained and executive search recruitment solutions. Its support and mobility services offer contracting, relocation and relevant visa support. It provides resources to support its brands with contractor services.

This video can be seen at: https://www.piworld.co.uk/2021/01/22/knights-group-kgh-h1-analysts-presentation-19-1-21/   David Beech, CEO, Kate Lewis CFO & Richard King, COO present H1 results to analysts, followed by Q&A. David Beech, CEO Scalable business - 00:37 Track record of profit - 02:44 Key financial highlights - 04:51 Kate Lewis, CFO Financials - 05:42 David Beech, CEO Scaling the business – 20:31 Acquisition of OTB Eveling - 28:47 Acquisitions as a platform for growth - 30:01 Richard King, COO Technology enabling growth - 33:28 David Beech, CEO Summary & current trading - 42:16 Questions - 44:13 Knights Group Holdings plc is a United Kingdom-based law company. The Company that is focuses on providing legal and professional services. The Company also provides corporate and commercial legal services at scale and across a broad sector basis, similar to the larger national law firms. The Company operates six offices: Newcastle-Under-Lyme, Wilmslow, Chester, Derby, Cheltenham and Oxford. The Company’s service lines include real estate, litigation, corporate, and private client.

This video can be seen at: https://www.piworld.co.uk/2021/01/21/bonhill-bonh-fy20-trading-update-january-2021/   Simon Stilwell, CEO discusses highlights of 2020, the impact of CV19, the opportunities, and the outlook for 2021. Key highlights FY20 – 00:23 Financials - 01:38 Covid-19 - 03:13 Events - 06:10 2021 strategy - 08:42 The return of live events - 09:55 Outlook – 10:48 About Bonhill: Bonhill Group PLC, formerly Vitesse Media Plc, is a United Kingdom-based business to business (B2B) media company. The Company provides business information, live events and data and insight propositions to international technology, financial services and diversity business communities. Business information includes digital/print magazines, online portal, digital content, video, audio, content syndication and marketing services. Live events include various formats, such as awards, summits, conferences, career fairs and workshops. Data and insight include industry research programs, white papers, market research and survey, directories, industry/company data product, workflow management solution and bespoke consultancy. The Company’s flagship titles include SmallBusiness.co.uk, Information Age, GrowthBusiness.co.uk and What Investment.