PIWORLD Investor Podcasts

This video can be seen at: https://www.piworld.co.uk/2020/04/24/piworld-thursday-webinar-leon-boros-investing-in-the-age-of-uncertainty/?preview_id=4456&preview_nonce=e65f1323ed&post_format=video&_thumbnail_id=4463&preview=true   Bear markets history and the future – 01:00 Portfolio performance ytd – 17:33 Bioventix (BVXP) – 19:17 Best of the Best (BOTB) – 21:29 Nintendo (TYO: 7974) – 23:18 4Basebio (ETR: 4BSB) – 25:40 Arcontech (ARC) – 27:45 4BaseBio (ETR: 4BSB) – 34:50 Placings – 46:57 Valuing a company incorporating debt – 51:44 Q&A – 59:05 About Leon Boros Leon is a recently retired private investor. Prior to his retirement he was founder and managing director of Equity Strategies, a boutique corporate finance firm. Leon started his career at EY where he qualified as a Chartered Accountant. Leon has been investing since his late teens. In 1993 he opened his first PEP and has since achieved annualised returns of 18.42% (to Dec 2019). Leon was previously a non-executive director of ShareSoc. Twitter: Leon Boros @Boros10  

This video can be seen at: https://www.piworld.co.uk/2020/04/23/xlmedia-xlm-2019-full-year-results-presentation/   By Stuart Simms, CEO XLM’s business - 00:28 XLM in numbers - 01:36 2019 overview - 02:48 Update on Google de-ranking - 05:07 COVID-19 update - 06:55 Current trading and outlook - 08:53 Financials - 10:07 Transformation strategy - 11:34 Summary - 17:10 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.

This video can be seen at: https://www.piworld.co.uk/2020/04/21/sumo-group-sumo-2019-full-year-results/   Carl Cavers, Founder & CEO, David Wilton, CFO present Sumo Group’s 2019 full year results.   Sumo Group plc is a United Kingdom-based company that provides development services to the video games and entertainment industries. The Company’s operating businesses include Sumo Digital Ltd. (Sumo Digital) and Atomhawk Design Ltd (Atomhawk). Sumo Digital is a developer of AAA-rated video games, providing both turnkey and co-development solutions to blue-chip client base. Atomhawk is a visual design company that provides services to the games, film and visual effects industries. Together, the Company delivers visual and development solutions, which include initial concepts and pre-production, production and development, and post-release support.  

This video can be seen here: https://www.piworld.co.uk/2020/04/17/jamie-streeter-webinar-investing-compounding-surviving-the-corona-crash/   The piworld Thursday webinar with Jamie Streeter, (aka @CompoundIncome) Jamie outlines his approach to investing and his Corona virus investing strategy. Overview – 00:51 Jamie’s background – 01:40 Evolution as an investor – 02:08 S&P over 35 years – 04:34 Poll: have we hit the low? – 07:26 Why Compound Income? – 08:27 Annualised real returns on asset classes – 11:30 Jamie’s investment philosophy – 13:38 Portfolio construction – 15:37 How Jamie finds shares & further research – 19:12 How Compound Income Scores work – 20:10 Metrics used to identify Quality Income Growth stocks Comparing Vodaphone & Unilever – 21:50 Performance since 2009? – 27:04 Outlook for dividends post Covid – 28:16 A tick shape or W shape recovery? – 30:39 Cycle of greed and fear – 32:06 Dead Cat bounce or ‘off to the races’? – 32:42 How’s Jamie dealing with CV19 & surviving it? – 39:14 Where are we now, and what does the future hold? – 40:18 Summary & concluding thoughts – 43:03 Q&A – 44:40 About Jamie Streeter Jamie worked in the City of London for over 20 years as a Fund Manager for a number of top institutions. In his career he managed billions of £’s across a whole range of different funds from Distribution funds, Investment Trusts, OEIC’s / Unit Trusts & Pension funds. He was also involved in the management of Income funds more generally. In March 2009, he quit the City, escaped the rat race to “retire” and manage my own investments. Jamie’s website: https://www.compoundincome.org/ Twitter: Jamie @CompoundIncome   The presentation slides can be viewed here.

This video can be seen here: https://www.piworld.co.uk/2020/04/10/stephen-english-webinar-a-plague-on-all-our-houses-how-to-repair-some-of-the-damage/   The piworld Thursday webinar with Stephen English. Stephen gives us his interpretation of the current COVID-19 markets and his investing strategy to navigate where we're at. Peppered with Stephen's wry humour, and full of investing gems. It's superb! Intro - 00:19 For those who don’t know you, give us a very short overview of your background – 00:42 What’s your thoughts on the current market, did you see it coming? – 01:17 Do you think the market has hit the bottom? – 04:17 What is your strategy? – 16:50 Has this changed the business case for any companies you hold? - 24:25 Liquidity: Could you sell if you wanted to? - 27:13 Who will be the winners? - 31:29 Who will be the losers? - 39:29 What are you looking for in companies? - 44:46 Do you think there will be a credit squeeze, everyone holding onto their cash, so severe cashflow pressure? - 46:54 Will there be more M&A: survival of the fittest? Do you see this in any specific sector? - 47:46 What sort of recovery do you think we will have? U, V, W, L or a letter that doesn’t exist? - 50:57 And what structurally will change? (Supply chain, etc) - 54:11 How will government monetary and fiscal policy be financed? Do you think the IHT BPR status is in danger, or other taxes imposed? - 57:15 Q & A 1:02:43 Companies mentioned: Tristel (TSTL). Accrol (ACRL). Smart Metering Systems (SMS). Begbies Traynor (BEG). FRP Advisory (FRP). Strix (KETL). Tracsis (TRCS). Oxford Metrics (OXG). Shoe Zone (SHOE). K3 Business Technology (KBT) Alliance Pharma (APH). EMIS (EMIS). The Property Franchise Group (TPFG). Hollywood Bowl (BOWL). RA International (RAI). The webinar slides can be downloaded here. Stephen's Investment philosophy can be downloaded here.   About Stephen English Stephen is a Director of Investment Services, at Blankstone Sington. Stephen has managed Blankstone Sington’s award-winning AIM IHT service since inception in 2010. He’s an avid student of markets, authoring his own 12-page investment philosophy, he believes that investing is more ‘art than science’. Stephen is a Chartered Fellow of the Chartered Institute for Securities & Investments (CISI) and a CFA Charterholder. https://blankstonesington.co.uk https://www.linkedin.com/in/stephen-english-cfa-chtd-fcsi-32a04718/    

This video can be seen at: https://www.piworld.co.uk/2020/04/03/which-way-from-here-for-the-markets-a-webinar-with-john-rosier-recorded-2-4-20/   John offers great insight to previous bull and bear markets, and how he pieced together when it was time to start buying again, because ‘no one rings a bell at the bottom!’ He shares both recent buys and sells, and answers extensive questions from those on the webinar, including the oil price, house builders, inflation and much more. Well worth watching if you're trying to make sense of the markets today. John’s background - 00:33 Learnings from historic bear markets - 02:54 John’s view on where we’re at & the outlook for short and medium term? – 07:40 John’s 2019/20 strategy - 13:46 Gold - 15:37 & 22:31 How did you know it was time to buy in mid March? - 23:00 Don’t you worry about the high risk? – 30:32 Q&A – 34:30 Stocks or companies mentioned: Wisdom Tree Physical gold ETF - 15:16; Anglo Asian Mining 15:22; L&G Gold mining ETF - 15:27; Van Eck Turner Gold Mines – 15:30; Strix (KETL) – 17:06&20:27; SDI Group (SDI) - 17:14; Anglo Pacific (APF) - 17:19&20:31; TR European Growth Trust (TRG) - 17:22; Baillie Gifford Shin Nippon (BGS) - 17:24&20:28; Scottish Mortgage Trust - 17:37; Worldwide Healthcare Trust & Biotech Growth Trust (18:14&38:40); Renew Holdings (RNWH) - 18:24 Bioventix (BVXP) - 18:52; Rockrose Energy (RRE) & Serica (SQZ) - 19:15 Games Workshop (GAW) – 20:30; Moneysupermarket.com (MONY) – 20:37&36:50; Watkin Jones (WJG) – 20:38; Paypoint (PAY) – 20:39; Schroder UK Mid Cap Fund - 20:40&21:36; Sylvania Platinum (SLP) – 21:16; Easyjet (EZY) - 31:47; International Hotel Group - 33:50; Next (NXT) – 37:30; Aberdeen Standard European Logi (ASLI) 49:16.   https://johnsinvestmentchronicle.com/   The presentation slides can be downloaded here.   About John Rosier In June 1984, John left university with a degree in Zoology and started work in The City of London. He enjoyed the first 14 years of his career at Fleming Investment Management, initially as an analyst and then as a UK portfolio manager; in 1997 he was appointed Head of UK Equities. He was a director at Henderson Global Investors from 1998 until 2004, before moving to the West End and working for two hedge funds. John’s investment career at Flemings and Henderson was focused on managing UK equity portfolios for corporate and local authority final salary defined benefit pension schemes as well as the reserve fund for the NSPCC. During 2009 John left full time employment since when he has been managing his own portfolio.    

This video can be seen at: https://www.piworld.co.uk/2020/04/02/tremor-trmr-2019-full-year-results-presentation-april-2020/   Tremor CEO Ofer Druker presents the Company's 2019 full year results. Introduction - 00:17 The business - 00:46 Tremor today - 01:13 Tremor's new position in the market - 02:05 2019 highlights - 02:34 Traditional TV budgets shifting to digital video - 04:26 Ad spend trends in the US - 05:13 Business flow - 05:56 Global presence - 07:21 Advertisers & clients - 07:31 Brand advertising (Tremor Video) - 08:17 Growth in PMP & Self-serve - 08:58 Connected TV - 10:24 The Exchange - 11:20 Data audiences - 11:57 Unruly acquisition - 12:49 Growth engine - 15:07 Summary - 15:39 Outlook - 16:59 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.

This video can be seen at: https://www.piworld.co.uk/2020/03/31/empresaria-group-emr-fy19-results-presentation-march-2020/   Empresaria CEO Rhona Driggs and CFO Tim Anderson present the Group’s 2019 full year results. This presentation was recorded on the 18th of March 2020 Rhona Driggs, CEO Introduction – 00:17 Overview – 00:38 Tim Anderson, CFO Financial review – 06:54 Summary income statement – 06:58 Profit bridge – 07:18 Earnings – 10:34 Adjusted net debt – 11:07 Investment in ConSol – 11:47 Rhona Driggs, CEO Strategy & delivery – 12-34 Stronger Together initiative – 16:44 A focused sector approach – 21:36 Sectors and brands – 24:36 Summary and outlook – 25:22 Coronavirus – 25:26 Outlook – 31:05   Empresaria Group plc is a United Kingdom-based international specialist staffing company. The Company’s principal activity is the provision of staffing and recruitment services. The Company is organized across three regions: UK, Continental Europe and Rest of the World and operates across seven key sectors. The Company targets a balanced and diversified spread of operations across its regions and sectors. The Company also targets professional and specialist job levels where its brands can offer value added services to clients. The Company has three main service lines, temporary recruitment, permanent recruitment and offshore recruitment services. The Company’s offshore recruitment services represents a range of different recruitment services and provides training services in South East Asia. The Company’s brands include Alternattiva, Ball and Hoolahan, Become, FastTrack and Greycoat. It has operations in 21 countries.  

This video can be seen at: https://www.piworld.co.uk/2020/03/27/the-investing-principles-of-andrew-hollingworth-part-two/   This is the second interview with Andrew Hollingworth, Founder and Fund Manager at HollAnd Advisors. Here, Andrew covers more about risk management, meeting management, what he’s learnt managing the fund, and much more. Note, this was recorded during February 2020, before COVID-19 gripped the nation, and torpedoed markets. It would be interesting to get Andrew’s perspective on where we are now! How has MIFIDII affected you and the industry? – 00:30 How do you gauge your margin of safety? - 02:26 How do you manage risk? - 04:17 Position sizes? - 06:12 Number of holdings? - 08:44 Cash position? - 09:57 Do you think we’re in a high-risk environment? - 12:10 What’s your view on meeting management? - 13:40 Do you invest in IPOs? - 17:30 Are there any companies you regret you didn’t buy? - 18:44 What’s your worst mistake, and learnings? - 19:30 What’s the best thing you’ve done for the fund? - 22:00 Coronavirus and the macro picture - 24:14 The fund - 27:37 Companies mentioned: JD Weatherspoon (LON:JDW) 03:30; Sports direct (LON;SPD) 15:30; Amazon (NASDAQ:AMZN) 19:25 See Part one of Andrew's interview, here. About Andrew Hollingworth: Andrew started working in the investment industry when he was just 18 years old, having bought his first share when he was just 14. Andrew founded Holland Advisors around 15 years ago. At the time, Andrew realised that there was a proven way to be a more successful investor. The core driver behind the investment process at Holland is the use of investment approaches proved successful by the likes of Buffett and John Templeton. These clear processes helps them take a long-term approach in assessing companies, their managements and their prospects when trying to find the high-quality franchises that they think will compound at a good rate over time. Then, they will only buy shares in them if they are at an attractive price. Andrew says, “We think our USP is the disciplined application of proven value-investing approaches in an often efficient, but occasionally mispriced market. Our approach differs from many others in two important ways. First, we strongly believe you have to know what you are looking for in an investment before you go shopping. Our study of great investors has helped us refine our process. As a result we are very clear about the company business models we find attractive and why, and we only buy something when it comes with a margin of safety. The second point is our desire to learn. It is human nature to want to get better at something, but it is easy in this industry to be too busy to have the time to do so. There are always opportunities to learn and we welcome them.” The HollAnd Advisors website has a vast wealth of educational resources and is well worth checking out. Look for the pdfs, including: “How we invest and Think”, and the latest article: “The Perfect Storm – Peak Fear – What to buy and when.” To find out more about Andrew and his fund: http://www.hollandadvisors.co.uk/    

This video can be seen at: https://www.piworld.co.uk/2020/03/26/eagle-eye-solutions-eye-interim-results-for-6-months-ended-31st-december-2019/   EYE H1 results presentation to analysts by Tim Mason, CEO & Lucy Sharman-Munday, CFO, March 2020. Tim Mason, CEO Overview & Executive Summary – 00:16 Addressable market - 02:43 Lucy Sharman-Munday Financials - 04:47 Tim Mason, CEO Strategic update - 13:08 Delivering on our customer strategy - 13:59 Innovation - 15:46 North America update - 18:32 Australia and New Zealand update - 22:47 Better, Simpler, Cheaper - 23:35 Outlook - 24:59 Q&A - 27:06 Eagle Eye Solutions Group plc is a software as a solution (SaaS) technology company. The Company is engaged in the marketing, validation and redemption of digital promotions in real-time for the grocery, retail and hospitality industries. The Company's software platform, Eagle Eye AIR, integrates with all existing point of sale (POS) systems and creates digital offers, rewards and vouchers then delivers them to customers by e-mail, text or through a loyalty application for instant redemption. Eagle Eye AIR enables brands and merchants to set up targeted campaigns, choosing various media channels to reach specific demographics. Eagle Eye AIR captures real-time data on consumer activity and campaign success. Eagle Eye Promote is a rules-based platform for brands and retailers, which creates, builds and manages their promotional campaigns. Eagle Eye Gift allows tracking of gift vouchers, including redemption data. Eagle Eye Reward supports and enables the digitization of loyalty schemes.