PIWORLD Investor Podcasts

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.

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.

This video can be seen at: https://www.piworld.co.uk/2019/04/30/venture-life-group-vlg-overview-investment-case/   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.

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.

This video can be seen at: https://www.piworld.co.uk/2019/04/29/proactis-phd-interim-results-strategy-review-april-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.

This video can be seen at: https://www.piworld.co.uk/2019/04/24/sirius-real-estate-sre-investor-presentation-at-sharesoc-10th-april-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

This video can be seen at: https://www.piworld.co.uk/2019/04/18/aquis-aqx-investor-presentation-april-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

This video can be seen at: https://www.piworld.co.uk/2019/04/17/navigating-the-markets-with-stephen-english-part-2-of-2/   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. https://www.blankstonesington.co.uk/

This video can be seen at: https://www.piworld.co.uk/2019/04/12/taptica-tap-investor-presentation-april-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.

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