piworld video investor podcasts

TPFG CEO Ian Wilson & CFO David Raggett present the Group’s interim results for the period ending 30th June 2019

Ian Wilson, CEO

Introduction - 00:18

TPFG overview & history - 01:43

Results overview - 05:18

David Raggett, CFO

Introduction & background - 11:28

Financial highlights - 14:50

Financial performance - 17:35

Group revenue by source - 18:53

MSF, traditional brands - 19:51

EweMove license fees - 21:15

EweMove transactions completed - 22:17

Ian Wilson, CEO

Operational Performance - 24:00

Long serving franchisees - 27:41

Tennant fee ban - 28:46

Initiatives for growth - 33:41

Outlook - 35:19

Q&A – 39:28

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.

TPFG CEO Ian Wilson & CFO David Raggett present the Group’s interim results for the period ending 30th June 2019

Ian Wilson, CEO

Introduction - 00:18

TPFG overview & history - 01:43

Results overview - 05:18

David Raggett, CFO

Introduction & background - 11:28

Financial highlights - 14:50

Financial performance - 17:35

Group revenue by source - 19:04

MSF, traditional brands - 20:01

EweMove license fees - 21:28

EweMove transactions completed - 22:28

Ian Wilson, CEO

Operational Performance - 24:09

Long serving franchisees - 27:52

Tennant fee ban - 28:57

Initiatives for growth - 33:52

Outlook - 35:32

Q&A – 39:40

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.

Blue Whale was launched in September 2017, since when it’s achieved an annualised return of 21%. Here, Stephen gives us an insight to how he achieves those return, and what they do differently. An interesting insight to those who manage their own money, or those who are interested specifically in Blue Whale Capital.

Introduction - 00:18

How do you know Peter Hargreaves - 00:34

Why did you launch Blue Whale in 2017? – 01:00

What does Blue Whale offer vs other funds? - 02:07

What are you investing caveats? - 05:28

Modelling - 06:55

Timing the market - 10:23

How much movement in the top 10 holdings? - 13:17

Are there any holdings that didn’t go so well? - 16:05

Have you had any holdings you’ve lost money on? - 19:07

What time period do you use to judge performance? - 21:45

How long do you spend on research? - 23:54

How quickly can you respond to results? - 29:30

Why do you predominantly invest in the US? – 32:12

Which other markets would you look at? - 36:55

Why large caps? – 37:54

What should we expect the average stock turnover pa? - 40:16

How much is the AMC? - 42:33

What are your ambitions for Blue Whale? - 43:03

Blue Whale investment objective:

The investment objective of the fund is to achieve capital growth over the long-term by investing in equities on a global basis, with a current focus on developed markets. The portfolio will be concentrated, generally comprising between 25 to 35 stocks. In our view investments must fall into the below criteria in order to qualify for selection within the portfolio:

1. The business must be fundamentally attractive, this means

• it has the ability to grow and improve profitability over the long term

• it must not face structural or imminent cyclical issues

2. The business must have an attractive price;

• the business must have a current valuation that is attractive relative to its future growth and profitability

• we expect the business to receive favourable revisions of medium-term consensus growth and profitability expectations

These criteria enable the Investment Manager to select investments from a broad range of geographies and sectors with no particular sector or style bias. The Investment Manager will conduct detailed bottom-up fundamental research on each potential investment and in most cases produce their own financial model and forecasts of future performance.

Blue Whale fact shee: https://bluewhale.co.uk/factsheet/

With Jeremy Bridglalsingh Managing Director & CFO interviewed by Tamzin Freeman, piworld.

Jeremy runs through the highlights of H1 19, TRIN's focus, and what investors can expect for the rest of the year.

What are the key developments in H1? – 00:27

With strong revenue & profitability where does that leave the balance sheet? - 01:52

Where will growth come from? - 02:37

Sustainable and significant cash flow generation - 03:44

Where does that sit alongside SPT? - 04:36

What is it that TRIN does differently, in the region? - 06:12

Production volumes - 7:53

Offshore production – 08:22

Summary and outlook - 10:50

Trinity Exploration & Production plc is an independent oil and gas company focused solely on Trinidad & Tobago. The Company operates a portfolio of producing and development assets both onshore and offshore, in the shallow waters West and East Coasts of Trinidad. The Company operates through the segment of production, development and exploration and extraction of hydrocarbons. It operates in Trinidad & Tobago with assets onshore and offshore the East and West Coast. The Company holds approximately 100% interest in the exploration license for the Pletmos Inshore block, which covers an area of approximately 11,000 square kilometers. The Trinidad & Tobago is a prolific hydrocarbon basin. Trinidad & Tobago offers a fiscal regime and regulatory environment. The Company's total average net production is approximately 2,900 barrels of oil per day (bopd). All non-current assets of the Company are located in Trinidad & Tobago.

A piworld interview.

Lord Lee, the veteran of stock market investing, continues to impart his wisdom. In this interview, he reflects on stock market cycles, and shares some of the companies he’s buying into after his windfall from Tarsus.

What have you learned from stock market cycles throughout your investing history? - 00:35

Your cash position? - 04:18

Portfolio positioning with the economic cycle - 07:38

What mistakes have you learnt the most from? - 08:45

What are the catalysts to sell? - 11:12

Do you think meeting management is positive or negative? - 15:34

Who would you nominate top CEO? - 19:57

Funds v shares? - 22:22

What’s Lord Lee adding to? - 23:20

Photo-Me - 26:05

Where do you source your stock ideas? - 27:24

What might lead young people to start investing? - 30:04

Where you can buy Lord Lee’s book, and who it’s for - 32:12

Lord Lee has just published an introduction to investing for his grandchildren: Yummi Yoghurt: A First Taste of Stock Market Investment!

Find it here on Amazon:

https://www.amazon.co.uk/gp/product/178623520X?pf_rd_p=330fbd82-d4fe-42e5-9c16-d4b886747c64&pf_rd_r=9B7NC8T8FXP7Z1HZRN6Y

By Rhona Driggs, CEO & Tim Anderson, CFO

Operations - Rhona Driggs, CEO

Introduction – 00:18

Diversified business model - 01:44

Overview of the half year - 03:18

What are we doing differently? - 06:20

Strategy & delivery - 11:00

Sectors & brands – 11:35

Investing in the business - 13:10

Financials – Tim Anderson, CFO

Income statement - 16:35

Earnings – 20:04

Adjusted net Debt - 21:23

Sectors - 22:44

Cash flow – 37:11

Rhona Driggs, CEO

Summary - 38:32

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 organised 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.

Rhona Driggs, CEO and Tim Anderson, CFO, talk about the Group’s interim results for the 6 months ending 30th June 2019.

Introduction - 00:18

Financial highlights - 01:29

Driving growth and profitability - 02:17

Outlook - 03:39

If you’re trying to get your teenage relative(s) into investing, watch this.

Ryan began investing at 11 years old, having made money from car boot sales, and other entrepreneurial activities. He opened his account with £1,000. Over the last 6 years, has achieved an average annual return of around 100%! Here, he outlines how he became interested in investing, how he taught himself, and how he goes about achieving those exceptional returns. Hopefully it will inspire more young people to take an interest in investing.

What attracted you to investing? - 04:26

How did you have the money to invest? – 06:30

How did you teach yourself investing? - 09:07

The first position – 11:28

Opening accounts – 12:25

Resources and oil and gas shares – 13:29

What are your criteria for stock selection? – 14:22

Footasylum – 20:45

What returns are you looking to achieve? – 23:37

How long will you hold a position? - 24:43

Have you had a wipe out year, when you made nothing? - 25:40

How would you encourage more young people to invest? - 26:32

What do you want to do with your career? - 28:57

What is QuantiumResearch.co.uk? – 30:46

Ryan refers to his research website, here: https://www.quantiumresearch.co.uk

He can be found on Twitter: @Ryankia2 or @quantiumcast

By Simon Pryce, CEO & Amitabh Sharma, Group FD.

Simon Pryce, CEO

Results overview - 00:18

Changing strategy - 03:26

Fix: Progress - 06:50

Grow: Tech strength delivering on new programmes - 09:59

Ami Sharma, Group FD

Financial highlights - 13:29

Revenue & profit bridges - 15:21

Divisional performances - 16:50

Average working capital turn - 20:14

Long term contract receivables - 21:01

Investment update – 22;13

2019 technical guidance - 23:18

Simon Pryce, CEO

Summary & H2 – 24:53

Q&A – 28:40

c. 50 minutes

Ultra Electronics Holdings plc provides solutions and products in the defence and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. Its market facing segments are Aerospace, Infrastructure, Nuclear, Communications, C2ISR, Maritime, Land and Underwater Warfare. The Aerospace & Infrastructure division produces high-integrity, safety critical electronic control systems for aircraft applications, including position sensing and control; airframe and engine ice protection and detection; electronic architectures; weapon control, and noise cancellation systems. The Communications & Security division provides mission critical, information dominance solutions. The Maritime & Land division provides sensors, combat management systems, power solutions for surface, sub-surface and unmanned platforms.

Ultra Electronics CEO Simon Pryce talks about the group’s interim results for the six months ending 30th of June 2019.

Are you pleased with the H1 results? – 00:19

Have your findings about Ultra remained the same? Have there been any more surprises? – 00:48

Is there any update on strategy? – 01:22

What is the benefit of this strategy? – 02:17

How is the Fix element of the Focus; Fix; Grow initiative progressing? – 03:12

Why have operating margins stayed flat? – 04:17

You’ve sold two businesses this year, are there any further businesses to be sold? – 05:14

What’s the outlook for the rest of 2019? – 05:40

Ultra Electronics Holdings plc provides solutions and products in the defence and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. Its market facing segments are Aerospace, Infrastructure, Nuclear, Communications, C2ISR, Maritime, Land and Underwater Warfare. The Aerospace & Infrastructure division produces high-integrity, safety critical electronic control systems for aircraft applications, including position sensing and control; airframe and engine ice protection and detection; electronic architectures; weapon control, and noise cancellation systems. The Communications & Security division provides mission critical, information dominance solutions. The Maritime & Land division provides sensors, combat management systems, power solutions for surface, sub-surface and unmanned platforms.