PIWORLD Investor Podcasts

This video can be seen at: https://www.piworld.co.uk/2019/06/11/gresham-house-energy-storage-fund-plc-grid-presentation-at-mello-trusts-funds-may-2019/ By Bozkurt Aydinoglu Introduction – 00:17 A typical energy storage plant - 01:17 Summary of the fund - 02:29 Key investment characteristics - 06:11 Assets - 11:14 The market background - 11:45 Persistent volatility and wasted power - 13:42 A hedge for renewable investments - 15:09 Revenue opportunities - 17:07 Revenue assumptions - 20:40 Competitive advantages - 21:48 Upside return - 25:14 Noriker Power - 25:38 Conclusions - 26:39 Q&A - 28:50 Gresham House Energy Storage fund plc (GRID) Gresham House Energy Storage Fund Plc is a United Kingdom-based closed-ended investment company. The Company’s investment objective is to provide investors with a dividend over the long term by investing in a diversified portfolio of utility-scale operational energy storage systems (ESS), which utilize batteries and also utilize engines, located in Great Britain. It also seeks to invest in projects with alternative battery technologies, such as sodium and zinc derived technologies or other forms of energy storage technology, such as flow batteries or machines and compressed air technologies. The Company also intends to invest in ESS Projects, which use gas generators or diesel or dual fuel diesel-and-gas reciprocating generators. The Company is managed by Gresham House Asset Management Limited.

This video can be seen at: https://www.piworld.co.uk/2019/06/11/gresham-house-strategic-plc-ghs-presentation-at-mello-trusts-funds-may-2019/   By Graham Bird – Fund Manager Gresham House overview – 00:17 Gresham House Strategic overview - 03:07 What is strategic public equity? - 07:38 Market opportunity - 10:30 Performance - 14:34 Process - 15:18 Qualifying opportunities - 19:11 Value enhancements - 22:04 Top 10 holdings – 24:30 Track record - 29:31 The team - 29:45 Conclusion - 30:08 Q&A - 31:35 Gresham House Strategic (GHS) Gresham House Strategic plc, formerly SPARK Ventures plc, is a United Kingdom-based investment company. The Company invests primarily in the United Kingdom and European smaller public companies, applying private equity type of techniques and due diligence, alongside a value investment philosophy to construct a portfolio. In addition to publicly quoted companies, the Company may also invest approximately 30% of the portfolio in selected unquoted securities, including preference shares, convertible instruments, limited partnership interests and other forms of investments. The Company's investment manager is Gresham House Asset Management Ltd. The Company's subsidiaries include SPARK India Ltd, SPARK Services Ltd and Quester Venture GP Ltd.

This video can be seen at: https://www.piworld.co.uk/2019/06/10/national-milk-records-nmrp-presentation-at-mello-may-2019/   By Andy Warne, MD & Mark Frankcom, FD Introduction – 00:18 Delivering results and passionate about growth – 01:13 Milk we give the provenance of the product – 02:56 We partner & protect; we ensure and assure; we service and support – 03:52 Corporate overview – 05:45 The Board 06:56 What do we do? – 08:03 Revenue streams – 09:53 Milk recording – 10:17 Payment testing – 11:52 Disease testing – 13:10 Genomics – 15:04 Financials – 16:40 NMR Strategy on a page – 19:41 The growth strategy – 24:16 Investment case – 26:05 Liquidity – 27:18 Q&A – 28:45 National Milk Records plc is a supplier of dairy and livestock services. The principal activity of the Company includes provision of management information to dairy farmers through National Milk Records and the provision of milk payment testing services to milk buyers through National Milk Laboratories (NML). The Company is a supplier of milk recording services in the United Kingdom, providing management information on individual cow’s performance in terms of milk quality, yield and fertility. The Company also supplies aggregate data to over 30 dairy industry bodies, including milk buyers, Agriculture and Horticulture Development Board (AHDB) Dairy and breed societies. The Company offers various services, including disease testing, GeneTracker, bull semen, monitoring, pregnancy testing, energy balance, microbiology, fatty acid profiling and payment testing. Its software includes Herd Companion, Pocket Companion, iReports, InterHerd, InterHerd+, UNIFORM and Bull Search.

This video can be seen at: https://www.piworld.co.uk/2019/06/10/avation-avap-presentation-at-mello-may-2019/   By Richard Wolanski, FD Introduction – 00:18 Company overview – 01:17 Snapshot of Avation – 08:22 Half Year 2019 Summary – 14:02 Historical Operation & Financial Performance – 14:56 Half Year 2019 Summary – 15:35 Attractive Industry Fundamentals – 20:28 Attractive Aircraft Portfolio – 23:14 Customers – 26:10 Growth and diversification continues – 26:50 Fleet growth – 28:24 Proven track record – 28:46 Summary – 29:37 Q&A – 32:14 Avation PLC is a United Kingdom-based company engaged in leasing of aircraft. The Company is a commercial passenger aircraft leasing group managing a fleet of 47 aircraft, which are leased to airlines globally. The Company’s fleet includes Airbus A220, A220-300 A320 and A321 narrow-body jets, Boeing 777-300ER and Airbus A330-300 twin-aisle jets, Boeing 737-800 NG, ATR 72 twin engine turboprop aircraft and five older Fokker 100 jets. It supplies regional, narrow-body and twin-aisle aircraft to the airline industry. It serves the commercial airlines. It owns, through its subsidiaries, a range of commercial passenger jet aircraft, which are leased to various airlines in Europe, Asia and Australia. The Company’s subsidiaries include Avation Capital S.A., which is engaged in financing, and Capital Lease Aviation Limited and MSN429 Leaseco Limited, which are engaged in aircraft leasing.

This video can be seen at: https://www.piworld.co.uk/2019/06/10/circle-property-crc-presentation-at-mello-may-2019/   John Arnold, CEO, Edward Olins COO Introduction – 00:20 Overview – 00:43 What we do – 02:53 Current portfolio – 04:32 The board & supporting team – 05:29 Company history – 07:19 Our strategy – 09:52 Market watch – falling supply in regional cities – 11:53 2018 Highlights – 13:19 The investment opportunity – 14:20 The reversionary opportunity – 15:46 Case Study – Somerset House, Birmingham – 17:07 Case Study – Great Charles Street, Birmingham – 19:16 Case Study – Kents Hill Business Park, Milton Keynes – 20:03 Financial summary – 22:44 Summary – Future Growth – 23:34 Appendix – 25:20 Q&A – 26:59 Circle Property Plc is an investment and development company. The Company invests in commercial properties. The Company’s portfolio consists of approximately 20 commercial property investments and developments in the United Kingdom. The portfolio totals approximately 640,150 square feet of accommodation, the majority of which, by floor area, is in the office sector. The Company’s property portfolio includes Baildon Bridge Retail Park, which is located in Shipley; Solstice Park Avenue, which is located in Amesbury; Winwick Road, which is located in Warrington; 141 Moorgate, which is located in London; Week Street, which is located in Maidstone; One Castlepark, which is located in Bristol; Kents Hill Business Park, which is located in Milton Keynes; 36 Great Charles Street, which is located in Birmingham; 135 Aztec West, which is located in Bristol; Elizabeth House, which is located in London Road, Staines, and Somerset House, which is located in Temple Street, Birmingham.

This video can be seen here: https://www.piworld.co.uk/2019/06/10/codemasters-cdm-2019-full-year-results/   By Frank Sagnier, CEO and Rashid Varachia, CFO Introduction – 00:20 Financial highlights – 00:53 Continued momentum – 01:36 Strategic partnerships – 03:57 Outlook – 05:37   An overview of Codemasters can be seen here.   Codemasters Group Holdings PLC, formerly Codemasters Group Holdings Limited, is a United Kingdom-based video game developer and publisher. Through its subsidiary, The Codemasters Software Company Limited, the Company designs, develops and produces driving and racing games. The Company’s driving and racing games include DiRT, GRID, Micro Machines, ONRUSH and Formula 1 series of videogames. It produces Formula One’s range of games for the Playstation 4 console.

This video can be seen at: https://www.piworld.co.uk/2019/06/10/codemasters-cdm-overview-investment-case/   By Frank Sagnier, CEO Overview – 00:21 Strong franchises – 00:59 The business model – 02:24 The market – 03:44 The investment case – 04:55 Codemasters Group Holdings PLC, formerly Codemasters Group Holdings Limited, is a United Kingdom-based video game developer and publisher. Through its subsidiary, The Codemasters Software Company Limited, the Company designs, develops and produces driving and racing games. The Company’s driving and racing games include DiRT, GRID, Micro Machines, ONRUSH and Formula 1 series of videogames. It produces Formula One’s range of games for the Playstation 4 console.

This video can be seen at: https://www.piworld.co.uk/2019/06/05/k3-business-technology-group-kbt-presentation-at-mello-may-2019/   By Adalsteinn Valdimarsson, CEO & Rob Price, CFO Adalsteinn Valdimarsson, CEO Introduction – 00:18 Business overview – 00:43 K3’s model – 02:32 Transformation Strategy – 04:15 Sales Strategy – 05:54 Customers – 08:13 IP Landscape – 09:12 K3 imagine – Cornerstone of IP Strategy – 11:18 Operational Highlights – 15:00 Rob Price, CFO Financials – 5 year overview – 16:43 Financial highlights – 18:14 Own IP mix increasing – 18:48 Revenue & Gross Profit Analysis – 19:43 Operational cash generation – 20:29 The model – summary – 22:53 Financial summary – 23:35 Adalsteinn Valdimarsson, CEO Outlook – 24:50 Q&A – 27:10 K3 Business Technology Group plc is a provider of integrated business solutions. The Company’s business solutions encompass Enterprise Resource Planning (ERP) software, Customer Relationship Management (CRM) software, Business Intelligence and e-commerce, hosting and managed services to the supply chain sector. The Company’s segments include Retail, and Manufacturing and Distribution. The Company’s offerings to manufacturers and distributors comprise SYSPRO, Sage, and Microsoft Dynamics AX and Microsoft Dynamics NAV solutions. The Company’s ax l offering is a retail and wholesale solution. The Company’s products include modules for CRM, planning and scheduling, warehouse management, pallet management, data integration, payroll and human resources (HR). The Company operates from various locations in the United Kingdom, the United States, Holland, Singapore, Denmark and Ireland. The Company’s subsidiaries include K3 BTG Limited, K3 Business Solutions Limited and K3 CRM Limited.

This video can be seen at: https://www.piworld.co.uk/2019/06/05/smartspace-software-smrt-presentation-at-mello-may-2019/   By Frank Beechinor, CEO Introductory video – 00:18 SMRT history – 03:17 The team – 04:16 SMRT product offering – 05:06 At a glance – 08:42 Our clients – 09:44 Final results – 13:18 – SwipedOn – 21:13 – Financial highlights – 30:47 Q&A – 32:35 Smartspace Software PLC, formerly RedstoneConnect PLC, is engaged in providing technology and services for smart buildings and commercial spaces through its core businesses, Redstone and Connect IB. The Company, through Redstone, provides a range of services, including design, build and installation; and software solutions. The managed services encompasses the provision of outsourcing services spanning network infrastructure management, smart buildings support services, desktop and data center support services and move, add and change services. Redstone offers OneSpace occupancy management product. The Company, through Connect IB, creates digital solutions. Connect IB develops and deploys applications, including those that address mapping and way finding of Smart Buildings and Smart Spaces, such as car parks or retail shopping centers. It serves customers of all sizes, including corporations, such as property developers, landlords and principal occupiers of commercial property.  

This video can be seen at: https://www.piworld.co.uk/2019/06/05/impax-asset-management-ipx-presentation-at-mello-may-2019/   By Ian Simm, Founder & CEO Introduction – 00:18 Investment philosophy: A fund that specialises in the transition to a more sustainable economy 02:44 Impax Asset Management – overview – 04:54 Track record of assets under management 1998-2018 – 06:59 Landscape for Investment Managers – 08:20 Drivers for environmental products & services – 11:28 Investment opportunities in Environment markets – 20:18 Contribution to low carbon energy transition – 21:54 Offices and distribution partners – 23:34 Financial year 2018 milestones – 28:06 Financial highlights – 29:02 Shareholder register – 31:46 Q&A – 33:33 Impax Asset Management Group plc is an investment company offering listed and private equity strategies primarily to institutional clients. The Company has six listed equity strategies: Specialists, Leaders, Water, Asia-Pacific, Global Opportunities, and Food and Agriculture. Its real assets business comprises renewable power generation and sustainable property private equity funds. The Company has investments sectors, such as energy efficiency, which includes power network and buildings; alternative energy, which include solar, wind and biofuels; water infrastructure/technologies, which include treatment and utilities; pollution control, which include pollution control solutions, and testing and gas sensing; food, agriculture and forestry, which include logistics and sustainable forestry; waste management and technologies, which include tech equipment and hazardous, and environmental support services, which include consultancies and diversified environmental.