Master Investors: Recent Episodes
James Faulkner
Ever wish you could get the inside track from the real movers and shakers of the investment world? Well, look no further than the Master Investors podcast. In this exciting new series, Master Investor Magazine Editor-in-Chief James Faulkner gets to pick the brains of fund managers, CEOs, big shot investors and various other luminaries from the investing world, in order to get you - the private investor - up to speed with all the latest themes in what is a very fast-moving and exciting industry.
February’s Global Economic Outlook ranges across a world under strain — and in transition. Victor Hill examines the brutal suppression of Iran’s January uprising and the role of food inflation as a political accelerant, before widening the lens to global markets, elections, and shifting power blocs. From gold’s surge toward historic highs and the weakening dollar, to oil, Japan’s bond market, and uncertainty at the US Federal Reserve, the financial landscape is anything but settled.Geopolitically, this episode explores Donald Trump’s pharaonic return to the world stage at Davos, the strategic logic behind America’s push for Greenland, and the growing importance of the Arctic and Antarctic in a new era of great-power competition. In Europe, Macron’s waning authority, a possible Berlin–Rome axis, and Labour’s mounting troubles in the UK point to profound political realignments, while upcoming elections from Japan to the United States add further volatility.Victor also delves into the escalating debate over social media regulation, free speech, and AI, the uneasy dance between Europe, China, and Trump’s America, and the long, grinding endgame of the war in Ukraine. A wide-ranging, unsparing survey of the forces shaping the global economy — and the politics that now drive it.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Donald Trump has passed his 100-days-in-office milestone with plenty of shock and awe bullets coming from the Oval Office. Has his administration boosted the world’s largest economy? Perhaps the truth is being reflected in the behaviour of the bond markets. In this podcast with financial economist Victor Hill and Master Investor’s Sarah Lowther, the pair discuss Trump, how the sidelining of Elon Musk has been good news for Tesla shareholders and wider geopolitics including the calm diplomacy of world leaders attending the funeral of Pope Francis. Equally symbolic, Hill reflects, is Charles III's opening of the new Canadian parliament. As politics is played out in real time, Victor also discusses on what is determining the gold, oil and cryptocurrency markets and what market watchers and the curious should be mindful of in terms of UK political manoeuvres and global events of consequence.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Wednesday, 9 April 2025, saw the U.S. impose a 104% tariff on China. Beijing retaliated and raised its levy on U.S. imports to 84%. Will this tit for tat erode globalisation, or had the world trade model started unravelling years before Trump took office the first time round? Financial economist Victor Hill talks to Sarah Lowther about the end-of-life psychology driving Donald Trump's executive orders and how equities aren't in the dire straits some commentators would have investors believe. Victor compares Trump's actions to the Nixon Shock of 1971 and argues that while tariffs could generate significant revenue, they could also lead to increased inflation and a potential recession. As usual there's a silver lining and threads of optimism as Victor concludes that despite market volatility, long-term US Treasury yields and safe-haven assets like gold and the Japanese Yen are showing resilience.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Global Markets: What’s Next? A Deep Dive into Macroeconomics, Markets & Future-Proof Investment Ideas.Join Wilfred Frost, renowned News Anchor at Sky News, in conversation with legendary investor and entrepreneur Jim Mellon at the Master Investor Show 2025. In this exclusive interview, Jim shares his sharp insights on the state of the US economy, upcoming political and market shifts, and how these developments are set to impact investors globally.They also explore emerging opportunities across asset classes and regions—from biotech to AI to alternative assets—offering actionable ideas and foresight into what the next big investment themes could be.
Donald Trump's 'new world order' may sound like a dystopian nightmare, but what impact are his flurry of executive orders and tariff policies having on the sleepless across the globe? Financial economist Victor Hill shares his insights with Master Investor's Sarah Lowther about how the U.S. President's administration is diminishing stock market performance and economic projections while cosying up to The Kremlin. Hill talks about 'Trump Whisperer' Keir Starmer and how the U.K. Prime Minister, his Chancellor of the Exchequer Rachel Reeves and Climate Change minister Ed Milliband are in precarious positions unlike Wes Streeting who is revolutionising the NHS with AI and data-led initiatives. No podcast is complete without an honourable Elon Musk mention and Hill outlines how the armies and mining geologists of the future may be transported to their destinations in Musk's SpaceX fleet.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Financial economist Victor Hill dissects the flurry of executive orders that have defined the first few weeks of Donald Trump's second Presidential term. Is he instigating a trade war or re-opening global negotiations of the past?In this talk with Master Investor's Sarah Lowther, Victor makes a prediction about the conflict in Ukraine and explains why Elon Musk views the upcoming election in Germany as "the most consequential European election since the war".The United Kingdom's fiscal situation is laid bare as is the fate of the 'Tech Bros' with some commentators foreshadowing the 'twilight of the U.S.'s tech oligarchs'.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
2025 heralds the second Trump administration predicted to be transactional and strategic, but will it result in ceasefires relating to wars and economic inertia?In this lookahead to 2025, financial economist Victor Hill discusses the global outlook through the lenses of politics, financial markets and the evolution of Muskonomics as the billionaire is used as a litmus test for the EV revolution in China.In this conversation with Master Investor's Sarah Lowther he also delves into the U.K. economic landscape and discusses if there's a sequel to Rachel Reeves' Autumn budget and whether she'll release her fiscal corset.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Greg Bailey, Co-founder and Executive Chairman at Juvenescence, joins Phil Newman for a chat at Investing in the Age of Longevity 2024. Highlighting 2025 as an inflection point for both Juvenescence and the industry as a whole, Greg outlines some of his company's assets as well as the progress made with getting therapeutics into clinical trials. He also looks back at the longevity investment marketplace, and why now is a golden opportunity for investors to get onboard. Summarising Juvenescence's approach as a mix of business models, Greg shares his view on the potential provided by the consumer marketplace. For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Kevin Slawin, M.D., Founder and CEO at Eos SENOLYTIX, Greg Bailey, Co-founder and Executive Chairman at Juvenescence, Deepankar (Deep) Nayak, CEO at Deep Longevity, and Dr. Emil Kendziorra, Founder and CEO at Tomorrow Bio, join Phil Newman for a panel discussion at Investing in the Age of Longevity 2024. In their chat, participants answer questions from the audience, and share their views on the envisaged timeline for blockbuster aging therapeutics, as well as realistic overall life span expectations.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Invest. Invest. Invest. Taxation. Taxation. Taxation. Is this the mantra and the reality of the Labour government's first budget in almost fourteen years? Financial economist Victor Hill explains whether the current economic climate and the new Chancellor's measures will reanimate growth in the UK against the country's debt to GDP ratio of over 100%. Hill calculates that by the end of the decade, the U.K. will still be rumbling along with a growth rate of around 1.2 to 1.4% which he says is not disastrous. What may put a spanner in the works for UK exporters though is another Trump presidency which has a fondness for tariffs on non-US made products. While Rachel Reeves' budget is still being scrutinised, Hill says the market expects more details to come about the measures and headline statements. The Bank of England has capitulated on its interest rate predictions before and time will tell if Reeves, as a former Bank of England economist, will do the same.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Brusk Korkmaz is keen to stress that the company he started in his spare bedroom 16 years ago is very much the shareholders company now.The business is Hercules Site Services (LON:HERC) and since 2008 the tech enabled construction company has grown every year with the exception of the year when Covid impacted businesses globally.Korkmaz is delighted with the recent financial milestone the business has achieved – that of the anticipated £105 million turnover for FY24 which is well ahead of market expectations."We can confidently say that we are well placed to continue growing organically each year," says Korkmaz.Hercules supplies both labour and white collar staff to blue chip clients in the infrastructure and construction sectors. It also has a construction services division where it takes on civil projects in the water industry and has a much-used excavator hire service solution.Significantly it has novel and modern methods for recruitment. It opened its Construction Academy at the beginning of the year to upskill existing and train up new entrants and has a recruitment app which alerts workers to available opportunities.With some £775 billion earmarked for investment in the infrastructure and construction sectors over the next 10 plus years, Hercules is positioning itself for opportunity and to help it grow organically and by acquisition it has successfully raised £8 million for that purpose.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Onward Opportunities Limited (LON:ONWD) was launched in March 2023 and just over one year later the investment company was crowned IPO of the Year at the 2024 Small Cap Awards.
Lead Fund Manager Laurence Hulse can only speculate why his company won the accolade. "We did what we said we would do. We raised some money. We invested it well and we've grown as a business and created value."
Onward’s purpose, says Hulse, is to aggregate a portfolio of investments, an eclectic mix of ideas and opportunities that could generate a lot of value. Indeed over the past twelve months the net asset value of the portfolio has increased by some 20%.
"The return we generated last year was in quite a severe bear market for AIM. This year things are looking a little bit more helpful and robust and reducing political uncertainty, I suspect, again, is helpful. There's a very, very healthy pipeline of opportunities to go for in H2. We've delivered 9% so far in the first six months of calendar year ‘24. Our aim is to try and do the same again in H2."
Hulse talks about the ‘dawn and dusk’ ethos of the company’s investment strategy giving portfolio constituent the housebuilder Springfield Properties as an example. After trading at "a deep discount to book value after a tough couple of years for house building, now we think that sort of journey is over", says Hulse. "Perhaps the shares are overlooked and offer value. So far that's been the case. The shares are up about 30% from where we bought them and still trade at a pretty clear discount to book value."
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Created by the 2023 merger of finnCap and Cenkos Securities, Cavendish Plc's (LON: CAV) remit as the U.K.'s newest investment house is a large one.
Joint chief executive Julian Morse describes the business as a 'full service investment bank'.
"We do everything from the equity capital market side. Look after companies as their brokers, help them raise money, produce research on all of our companies and others in the market, financial advice, but also go right across the spectrum to working with private companies."
In addition to Cavendish having highly regarded M&A and debt advisory departments, it also has one of the AIM market's largest equity capital markets tech team.
Tech in all its forms of MedTech, FinTech, MediaTech ad infinitum is one sector that contributes to the myriad small-cap growth companies that are the backbone of the U.K. economy and the ones that Cavendish is keen to support.
Cavendish is however firmly sector agnostic with a laser like focus on supporting small and medium enterprises. The ones that Morse says "foster innovation, entrepreneurialism and effectively give the economy a huge boost".
Cavendish itself fosters not just innovation, but loyalty keeping all of its client facing personnel and retaining 'all of that talent' after the combination of the two brokers which Morse describes as a true merger.
The company is now hiring as it expands 'cautiously'. By virtue of the business it is and as a listed entity, Cavendish is chasing results deploying "a platform that can be profitable, even in very tough markets".
Cavendish has been nominated as Broker of the Year in the 2024 Small Cap Network awards.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
As the world's first listed space tech fund, Seraphim Space Investment Trust has a first mover advantage in a sector that is starting to get crowded.
Private equity, sovereign wealth funds and climate-related funds are now appreciating what Seraphim had predicted years ago in that space tech provides the utilities required for sustainability, digitisation, climate protection and national defence.
Managing director and chief executive Mark Boggett says with its 126 strong space tech company portfolio Seraphim is "the most prolific and most active investor in the space market".
He talks about how economies are intrinsically linked to space related activities. "If you were to switch off the satellites", he says, "the loss to the U.K. over seven days would be $7 billion."
Boggett says the industry globally is worth $450 billion a year, and a few of the companies in Seraphim’s portfolio have already achieved single digit billion dollar valuations and "there's plenty of scope for them to be valued in tens of billions and beyond during the course of the next few years and we believe that there is evidence they are heading in that direction".
He and his team aspire to, and are accustomed to big numbers and big concepts. Chairman Will Whitehorn was a founding member of Virgin Galactic and advisor to Sir Richard Branson as was Seraphim’s Richard McCall. The roll call of entrepreneurial greats is a force that is strong within the company and includes Maureen Haverty, who was COO at space startup Apollo Fusion that was acquired for $145M.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
With economic indicators suggesting the U.K. isn't in as dire a condition as predicted, inflation tamed and the possibility of an interest rate cut just who are the beneficiaries?
In this Master Investor webinar, Jonathan Davis talks to Sarah Lowther about how a reduction in the Bank of England's base rate could provide a fillip to the stock markets as it offers relief to companies with stretched balance sheets and stimulates the property market.
They discuss the perils of elevating fund managers into rock stars and unpick both the open-ended funds and investment trusts that are doing well and the renewables vehicles on course for a rebound. Davis calls out JP Morgan's Global Growth & Income Trust, Greencoat UK Wind and Bluefield Solar Income Fund as investments that have provided solid returns.
"I wouldn't be surprised if you buy them and own them, you're going to get something like nine or ten percent compounded return over a period of years," says Davis who reminds investors that at the same time "You're doing something for the country. You're doing something for climate change."
Davis suggests the second quarter of 2024 may not see an extension of the optimism that has buoyed UK markets so far this year. He does though encourage adopting a long-term strategy to combat any short-term frothiness in stock exchanges.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
EnSilica Plc's (LON: ENSI) aim is to be recognised as Europe's leading ASIC supplier.
ASIC is the acronym for Application Specific Integrated Circuits which helps the analog world marry with the digital.
ASICs currently represent approximately seven percent of a silicon chip market forecast to grow to a trillion dollars by 2030. Within that space EnSilica customises ASICs for customers, and the bespoke benefits include better data security and supply chain resilience, which in a supply chain challenged world is a huge bonus.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
The fifteen acquisitions that Trident Royalties Plc (LON:TRR) has made in just over three years has been described as a "blistering pace" by its chief executive Adam Davidson.
Positioned in the resource sector, Trident acquires royalties in mining companies, and in doing so is entitled to a percentage of generated revenue.
"The mining royalty sector is not tiny,' says Davidson. "It's $80 billion in aggregate market cap of mining companies around the world."
While other royalty companies focus mainly on gold, Davidson realised there was a gap in the market for "a multibillion-dollar market cap diversified mining royalty company that's got iron ore and copper and zinc as well as gold."
Trident is building a pure diversified royalty business. This year it's made five acquisitions across copper, gold, silver, and mineral sands and Davidson is wanting to add nickel and zinc to the portfolio.
"We're trying to come up with an index fund style exposure. You can get your exposure to real assets to mining commodities through your holding and Trident because we get a royalty exposure across the whole depth and breadth of the sector."
With a robust register of institutional shareholders, the board is in alignment with its investors with directors buying shares when they can. The ultimate ambition according to Davidson is to build more scale within the portfolio and announce an inaugural dividend "when we can put in place a policy that's progressive."
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In addition to expanding resources to accommodate its growing register of really large and regular customers, Cerillion PLC (LON:CER) has added Generative AI into its product set which gives clients more tools to monetise existing infrastructure.
"It's going to be revolutionary across the board", says founder and chief executive Louis Hall, and he should know. He's been with the billing, charging and customer relationship management software solutions provider for over two decades and has been quick to adopt and provide initiatives for customers looking for economical solutions that can be deployed quickly.
"A task that might take a good product marketing person, a couple of days sometimes can be completed within minutes", says Hall who recognises that AI is just as useful a tool for Cerillion itself 'in terms of productivity in developing and maintaining software'.
With the most recent figures showing record financial performance, the GenAI offering is one device dedicated to protecting Cerillion's long-term recurring revenue growth.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Manx Financial Group PLC (LON: MFX) celebrated a financial services first in October 2023 when its Conister Bank became the first Isle of Man bank authorised to accept deposits in the United Kingdom.
Chief executive Douglas Grant says being awarded a UK Branch Banking Licence demonstrated regulatory recognition of the company's "really transparent operating business model based on sound economics".
Expansion of the group's overall model says Grant will come through diversification. It will come from organic growth, acquisition and backing management teams. "We've got almost like an incubator kind of theory", enthuses Grant who references an FX business the company backed from 'zero' which now "makes a million pounds a year for us".
Depositors also have the company's back with Conister Bank passing on interest rate increases to its savers. While that magnanimous gesture resulted in corporate margin contraction, more importantly it made for happy customers.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In times of turbulence, the right investment decisions can make all the difference. Master Investor partnered with Netwealth to help you navigate the economic landscape with confidence and maximise your investment potential in 2024.
Master Investor’s Sarah Lowther is joined by Netwealth’s Iain Barnes to share his expert insights and perspectives on the volatile financial markets as well as tools and resources you can use for your own wealth management going into 2024.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Eleanor Davies, Dealflow Steward at VitaDAO, Alex Colville, Co-founder and General Partner at age1, and Patrick Burgermeister, Expert in Life science Investing at Kizoo Technology Ventures, join Phil Newman, Editor-in-Chief at Longevity.Technology, for a panel discussion at Investing in the Age of Longevity 2023. In their chat, participants outline the investment strategies and business models of their respective funds in the longevity sector, as well as their expectations for 2024.
Investing in the Age of Longevity 2023 was held on 16 November 2023. The masterclass featured presentations from scientists and business leaders at the cutting edge of the field, giving participants the inside track on the latest aging-related discoveries and investment opportunities.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Dr Richard Marshall CBE, CEO at Juvenescence, Bill Kapp, Co-founder and CEO at Fountain Life, and Jörg Rieker, Founding Partner at Maximon, join Phil Newman, Editor-in-Chief at Longevity.Technology, for a panel discussion at Investing in the Age of Longevity 2023. In their chat, participants present the business models and product pipelines of their respective companies in the longevity sector, and give an update on their current fundraising efforts.
Investing in the Age of Longevity 2023 was held on 16 November 2023. The masterclass featured presentations from scientists and business leaders at the cutting edge of the field, giving participants the inside track on the latest aging-related discoveries and investment opportunities.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Not only will the next 12 months be "fascinating" for investors, but according to investment trust authority Jonathan Davis, the UK stock market could do 'quite well' mainly because it's cheap.
While the word "cheap" may sound derogatory, buying low represents opportunity, and with 2024 being an election year in both the U.S. and the UK, investment opportunities may not ride on which parties are elected but what the 'voted in' can do to reinvigorate the economy.
In his wrapping up 2023 conversation with Master Investor's Sarah Lowther, Davis suggests that the direction of interest rates will continue to feature in market making strategies and in terms of his specialty field "things are looking quite good for the UK, wind and other renewable energy, renewable infrastructure trusts" with a hat tip to battery storage trusts, some of which have enjoyed gains of 30% recently.
"It's a very good time to become an investment trust investor", says Davis. "Discounts have widened and that's created all sorts of opportunities. Looking forward, there is at least the hope of some better times ahead."
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Greg Bailey, Co-founder and Executive Chairman at Juvenescence, joins Phil Newman, Editor-in-Chief at Longevity.Technology, for a chat at Investing in the Age of Longevity 2023.
Highlighting the importance of preventitive medicine in the healthcare sector, Greg gives his own estimate of how the longevity space is going to develop over the next five years. He also touches on the industry's focus on regulation, and gives advice on how private investors can participate in the longevity space. Having explained the Juvenescence model in more detail, Greg also gives an outlook on the company's product range in 2024.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
After years of cheap money and low interest rates, Master Investor's Jonathan Davis describes the year so far as a "reckoning postponed", and while he is gloomy about the markets he talks about the very much alive investment opportunities that exist.
Greencoat UK Wind (LON:UKW) is one such opportunity. "It has an inflation linked yield commitment which it's going to keep", says Davis who explains that while there's a lot of issues around wind power, "that's actually a positive because the worse the conditions are at the moment in wind power, the more likely you are to make money out of it when supply and demand comes back into balance".
Davis also says Japan and the yen look very interesting with the currency being "very, very weak" which is its historic behaviour before financial crises.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
The Artisanal Spirits Company (LON: ART) creates and sells what it describes as "outstanding limited edition whiskies and experiences around the world." It does so primarily through its Scotch Malt Whisky Society established some 40 years ago.
Crucially, Artisanal is not a distillery or a primary producer. It buys from a huge range of distilleries and has just bottled from its 157th malt whisky distillery.
Chief Executive Andrew Dane says Artisanal’s space within the global whisky market is in the ultra-premium price point of typically over £40 a bottle. "That part of the market is really significant and growing. It's over $8 billion and three quarters of that global market is in the markets in which we already have a presence."
The business is globally diversified with a recent franchise opening in South Korea attracting 300 members in 90 minutes.
Ultimately, Dane says the business is "about creating a highly profitable, highly cash-generative global premium spirits group, and we look to expand the ways that we can reach a broader audience, while keeping the society at the core of what we do."
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In Conversation with Sam Volkering, Editor of The Crypto Handbook.
The move towards more digital assets is “inevitable,” says Sam Volkering. The amount of physical cash in circulation in the U.K. is a mere 4% and society is becoming more comfortable with Bitcoin as a new form of money.
With its many gatekeepers and administrative demands on users, traditional finance doesn’t work argues Volkering. Bitcoin on the other hand is a new democratised digital asset that is inclusive for everybody. It’s many things says Volkering. “It's digital gold. It trades like a stock. It's money.”
There's a lot more to this wider crypto ecosystem than just the price of Bitcoin says Volkering, and it’s one that is developing and expanding and growing and providing opportunities for people.
“What people will start to hear a lot more about in the next 12 months is the tokenization of assets. Companies tokenizing their assets, funds tokenizing their assets, where and how things were exchanged and traded.”
In this video Volkering talks about how investors can buy, hold, own, sell and trade crypto directly and indirectly.
A free eBook of Volkering’s The Crypto Handbook is available on the Harriman House store.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
August 2023 saw ZOO Digital Group plc (LON:ZOO) updating investors about a fourth successive year of double digit revenue growth, margin improvement and record pre-tax profitability.
The company provides services to the entertainment industry including large streaming companies and other organisations that create content such as feature films and TV series.
With its proprietary cloud-based software 'ZOO' provides myriad services to its customers including subtitling and soundtrack dubbing which it does so in 80 languages.
Chief Executive Stuart Green and Chief Financial Officer Phillip Blundell tell Master Investor's Sarah Lowther about the pain that is being created by screenwriter and actor strikes in the U.S., but are confident that they will "come out of it stronger".
Irrespective of the industry-halting strikes, Green describes debt-free ZOO Digital as a disrupter "in prime position to be able to capitalise on new opportunities".
New opportunities may come in the form of a potential acquisition in Japan home to the greatest proportion of non-English content that's consumed on Netflix, and the second largest territory in Asia after China.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
As equity markets recover from the shocks of 2022, Jonathan Davis and James Harries of Troy Asset Management, manager of the STS Global Income and Growth trust, discuss the role that global equity income can play in delivering reliable medium term returns.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Cerillion plc (LON:CER) is a growth stock. It's recognised as such by the many long-term ‘sticky' shareholders and by a city-respected panel who recently recognised founder and CEO Louis Hall as Executive Director of the Year.
Hall owns more than 30% of the shares of the business that has seen "a quite steep rise in growth in share price within the last few years." That 'quite steep rise' is a seven-fold increase over the past five years.
The company at a simplistic level provides enterprise software to telecoms businesses and it's doing well at attracting new customers and keeping them.
Hall is proud of his team's efforts. "One of the things that we work very hard at is bringing onboard more of these larger customers and doing some larger, all-inclusive deals. We've gone from a business that ten years ago was selling perpetual software licenses and 20% maintenance support to a software service business selling quite large typically five-year, software or service deals that encompass license support, hosting a solution, managing the solution. And that's a much bigger stickier long-term recurring revenue scenario."
The ambition is simple. "We have to keep working at planning up the value chain ladder and continuing to win deals with bigger, bigger customers, bigger deals."
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In this month's Master Investor cogitation, Jonathan Davis and Sarah Lowther discuss whether the AIM market is suffering due to predictions of an impending Labour government and despite a plethora of bad news investor confidence is actually returning.
Davis considers the plight of indebted U.K. water companies using the Warren Buffett analogy of "You know who's been swimming naked when the tide goes up." He also references the third-party casualties of those with exposure to those utilities.
He shares his conversation with fund manager James Henderson who suggests now is the time to load up on mid and small cap shares. Lowther meanwhile shares her delight about Sam Volkering's just released "The Crypto Handbook" and how she's no longer afraid of a world she's long been in denial of.
The pair agree on the market adage that the value of shares can go down as well as up, and this lesson is learned the hard way by fools and the foolhardy. "What's the best way to become a millionaire? says Davis. "To start with a billion and invest in an airline stock."
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In times of turbulence, the right investment decisions can make all the difference. For our June podcast, Master Investor have partnered with Netwealth to help you navigate the uncertain economic landscape with confidence and maximise your investment potential.
Master Investor’s Sarah Lowther is joined by Netwealth’s Gerard Lyons and Matt Conradi to share their expert insights and perspective on the volatile financial markets as well as the tools and resources you can use for your own wealth management.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
With global uncertainty has come a renewed interest in the precious metal and we discuss the gold outlook with four companies in this space.
On 24 May 2023, Master Investor hosted four gold companies with exciting projects in development to help keep our investors ahead of the curve.
Participants:
Charlie Morris, Founder and Chief Investment Officer at ByteTree.com
Alexander Scanlon, CEO of Barton Gold
Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold + Copper
Natalie Bellis, CEO of Seventy Ninth Group
Mark Child, CEO of Condor Gold
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In this month's Master Investor podcast, Sarah Lowther and Jonathan Davis disagree about the direction of the markets. Lowther, at a grass roots level, sees market sentiment on the up while Davis cites renowned financial strategist Russell Napier who errs caution due to the global accumulation of debt.
Napier's thoughts are shared by United States Secretary of the Treasury Janet Yellen who suggests the U.S. government will run out of money at the beginning of June, and if that happens Davis says June will be 'a lively month'.
Davis shares Napier's thoughts on debt eradication and why ‘the right kind of equities’ could be a solution. Davis's own solution is 'rack up your risk tolerance', or 'do something less frenetic than watching the markets go up and down every day' which Lowther interprets as permission to study to become a vet.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
The electric vehicle economy is accelerating at full throttle, and as with all supply and demand there comes investment opportunities.
Emily Liu, Associate Director of Research at Hybridan talks to Master Investor’s Sarah Lowther about the regulatory stimulus driving the sector and the companies assisting the transition to clean tech and net zero decarbonisation ambitions.
Liu also talks about the recycling enterprises at the end of the value chain which are just as essential as the critical mineral explorers at the beginning. She talks about why 80% of UK-made vehicles are exported and whether Cornwall could be at the heart of the EV economy in the U.K..
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In their monthly gossip about the markets and dominant actors puppeteering the investment stage, Master Investor’s Jonathan Davis and Sarah Lowther consider whether it’s worth following legacy advice about selling up in May and returning in October.
May 2023 also coincides with the UK’s first royal coronation in seventy years, so will this noble event invigorate the market? Davis suggests the coming month might be dull unless China invades Taiwan when the advice would be 'it's better to panic early', but 2023 as a whole he suggests could be shaped by the amount of debt being held by the US, UK and European governments.
Davis and Lowther also talk about the highlights of the recent Master Investor Show, hoodwinking a young investment guru and the companies that are the gate keepers of 'affordable' and regulated alternative assets of the luxurious kind.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Master Investor’s Jonathan Davis and Sarah Lowther talk about why March 2023 was a mega merger month, and why there’s so much consolidation in the broking sector and activity in the private equity space.
Davis advises those with surplus income and the younger investor to consider venture capital trusts as they ‘essentially’ give investors tax breaks. “They are very risky,” says Davis, “but they do provide a very tax efficient alternative for higher risk, smaller company investment.”
With predictions of ‘more trouble to come’ for the UK economy and investment landscape, Davis describes the economy as a head-scratching conundrum with the consumer demonstrating resilience against a backdrop of higher interest rates and energy prices.
Jonathan and Sarah also wax lyrical about the state of Royal Mail, and columnist A N Wilson’s dark childhood boarding school experiences which contrasted with the light of his father’s eccentricity.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Graham Rowan, Chairman of Beaufort Private Equity, interviews Jim Mellon ahead of the forthcoming Master Investor Show (this recording was made before the date of the show was changed to the 15th of April 2023 due to rail strikes).
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Jonathan Davis talks to the manager of the highly regarded £3.5 billion Evenlode Income fund about the markets and his favourite UK stocks.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Master Investor’s Sarah Lowther and Jonathan Davis talk about what stopped the FTSE 100 from breaching the tantalising 8000 level, and the latest survey from FTSE creator Professor Dimson and friends.
Davis suggests foreign investors need to return to the UK market and reinvigorate its position in the World Equity Index after halving over the past two decades. He also reveals the golden rule concerning dividend yields and equity purchases.
Generous to a fault, Davis also summarises the latest 272-page survey from renowned financial historians Dimson, Marsh and Staunton and discusses how Gen Z’ers can still make money from investing, and why investment decisions are best made in the summer and not in March at the end of the financial year.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Master Investor’s Sarah Lowther and Jonathan Davis discuss the investment themes that have started to materialise this year.
With some equity market indices approaching or breaking through their 200 day moving averages, is this potentially a positive sign for the rest of 2023?
Davis talks about the phenomenal success of passively managed funds over the past two decades, and names the active fund managers who deserve honourable mentions.
Inflation in the UK is discussed. Will it return to the Bank of England’s 2% target and why is BOE Governor Andrew Bailey eating humble pie?
And discover why Davis says this is the year that the trip to the US should be a vacation destination and the Western Isles shouldn’t.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Glen Goodman interviews Hassam-Moussa Rawat, Co-Founder and CEO of revolutionary blockchain start-up Lingo, to find out how Lingo is using blockchain technology to create a token which enables real estate investment to deliver vacation rewards.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Sarah Lowther and Callum Macpherson, Head of Commodities at Investec, discuss the outlook for Oil and Gas investors.
This was recorded as part of Master Investor’s Oil & Gas Webinar. For a full recording of the webinar please visit events.masterinvestor.co.uk.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Master Investor’s Sarah Lowther and Jonathan Davis tackle the stories and themes that defined the investment landscape of 2022 – a year that saw the return of double digit inflation and a war on the continent of Europe.
The pair talk about the returns being made by investment trusts, the new wave of consolidation in the publishing industry, why you should worry if a company changes its name and whether we’re experiencing a short term or serious bear market and how investors can thrive regardless.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Phil Kent, manager of the GCP Infrastructure investment trust, puts the case to Jonathan Davis in our latest professional investor Q and A.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Auxico Resources (CSE:AUAG / OTC:AUXIF) is one of the few companies in the world selling monazite, the essential carrier mineral for rare earth elements deemed critical for economic security.
CEO and President Frederick Kozak explains the rare earth elements carried by monazite include the very difficult ones to produce and pronounce, and those of the highest value including praseodymium, neodymium, terbium, and dysprosium.
Kozak says Auxico’s contribution to the supply chain can help resolve what he calls an economic war with so many elements controlled and produced by the few.
Via its sister company in the Democratic Republic of Congo, Auxico is diversifying the supply chain in a market that has 'massive demand'. At the same time, it is progressing a resource estimate for its Minastyc Property in Columbia and the processing of its tin tailings project in Brazil.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Tamer Ozmen is the founder and CEO of innovative contemporary art investment platform, Mintus. Jonathan Davis speaks with him to find out how it works and what is in it for investors.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In the second part of this hour long two-part Q and A, Jonathan Davis and Nick Train, co-founder of Lindsell Train discuss bear markets, recent performance and why he is as passionate about UK quoted companies as ever.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In the first part of this hour long two-part Q and A, Jonathan Davis and Nick Train, co-founder of Lindsell Train discuss bear markets, recent performance and why he is as passionate about UK quoted companies as ever.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
With global uncertainty has come a renewed interest in precious metals in general, and gold in particular.
In this podcast episode, Sarah Lowther discusses the gold outlook with major investor, Jim Mellon.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
Gone is the helicopter money. Gone is the quantitative easing that supported U.K. plc, the general public and retail investors. What is here is volatility and the challenges high inflation presents.
Charles White-Thomson is chief executive of Saxo Markets UK, and he assures investors they can navigate this new economic paradigm not just by demanding more from their wealth managers but adjusting their own attitude to risk.
"It's all about risk management and understanding that your portfolio has many gears. It is not just long only. It is not just driving in the fourth gear. There are many things that we can do in order to tackle what is a pretty challenging environment."
White-Thomson says money can be made on the downside if there's portfolio diversification, and sage advice gleaned from those who have experience of emerging markets.
He argues there are ways to 'play inflation' including investing in commodities and gaining exposure to water and agriculture - both important solution providers to an imminent food and cost of living crisis if the naysayers are to be believed.
White-Thomson argues there is opportunity for the proactive and those who own their portfolio and don’t fall into the moral hazard trap inadvertently created by central bankers.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In the second part of this hour long two-part Q and A Jonathan Davis and Terry Smith, manager of the index-busting Fundsmith Equity Fund, discuss the fund's performance, why it was down sharply in the first half of 2022 after twelve consecutive years of positive returns, where it goes next and the future for its big tech and consumer holdings in particular.
For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.
In the first part of this hour long two-part Q and A Jonathan Davis and Terry Smith, founder and CEO of Fundsmith, as outspoken as ever, discuss bear markets, parallels with the 1970s, central bank mistakes and likely future market direction.
It has been an eventful year so far for Tech Investing, Jonathan Davis find out what the LTC looks for and what they expect from the future.
For 30 years tech company D4t4 Solutions Plc (LON:D4T4) has helped organisations get the best value from all their data assets. It's been recognised for its service winning many awards including Technology Company of the Year in the 2022 Small Cap Awards. The company operates in 27 countries, and as chief executive officer Bill Bruno explains the business mantra is applicable to customers everywhere - to help organisations better leverage data to make decisions, manage the ever evolving landscape of data privacy and help brands be the best stewards of their customer data. It’s a big responsibility and Bruno, who was handpicked to take over as CEO by business founder Peter Kear, is confident any competition is unable to compete at the level D4t4 can with “its technologies that do phenomenal things for customers,” including its pioneering data capture and contextualization platform that puts security and privacy compliance first. As a cash generative, profitable business D4t4 recently rewarded investors with a special dividend, and an increase in the standard payout. Bruno doesn’t make any promises about more special dividends, but is confident about the company’s future describing it as one “that is growing in a market that has the potential for further growth.”
Liontrust’s microcap fund had a great year in 2021, significantly outperforming its benchmark and gaining 33.6%. Alex Wedge tells Jonathan Davis what they look for in an investment and how the fund maintains a balanced portfolio.
Open Orphan PLC (AIM:ORPH) was the first contract research organisation (CRO) to conduct a Covid challenge trial, and in the words of chief executive Yamin 'Mo' Khan, it now has approximately 90% of the market in challenge studies whereby "we inoculate each healthy volunteer with a virus and then we test the drug under quarantine conditions."
That’s a unique USP, and Mo talks about how the business has divested into new streams of revenue such as offering clinical site services to customers, and challenge models including asthma and malaria.
The last set of results showed a 76% increase in revenue and almost a £9 million swing on EBITDA, and chief financial officer Leo Toole says "we see strong potential to continue that kind of growth into future periods with the company aiming to deliver double digit EBITDA percentage points in terms of revenue and profitability."
Toole says booking off revenue for 2023 is almost finished, and the planning horizon is now stretching into 2024.
Both he and Khan are frustrated with the share price particularly as the backlog order book is worth approximately £65 million pounds which is close to the company’s current (June 2022) market cap. Khan concludes that "as we continue to grow and we build we’ll see a much stronger future and a much improved share price."
As it approaches its 36th birthday, Nigel Newton CBE the founder and chief executive of Bloomsbury Publishing PLC (LON:BMY), says the publisher has "Never been a more fun company to run and to work at." One of the reasons for that he says is: "Success breeds success, and this 41% growth in sales that we’ve seen over the last two years and 70% increase in profits is a joy to manage." Newton says that the reading habit re-engaged with during lockdown has been "permanently reacquired" and that the company is trading in line with management expectations which he says are "high expectations." He talks not only about the joy of management but at the core of the business the joy of reading aiding those who are now pursuing hobbies that are well serviced by books. Bloomsbury, says Newton, is an unusual publisher describing it as half general, half academic which is platform agnostic selling authors’ works in hardback, paperback and e-book and as an audio book download. "We promote the story and leave the decision to how to consume it to the reader." It is also the leading publisher of ornithology and sailing and one of the lead publishers for baking. At its most fundamental level, says Newton, books are filling a new information need and there’s reading itself for ‘escape, enlightenment and entertainment.’ Bloomsbury is also a beneficiary of the self-publishing phenomenon with many of its authors starting out on that route including internationally renowned fantasy writer Sarah J Maas, who is also much recommended by the TikTok subcommunity #BookTok which has had over 60 billion interactions as of June 2022. Beloved by readers, Newton says that the company’s dividend policy makes it much beloved too by investors particularly growth funds in the city.
Neal Gandhi founded TPXimpact Holdings (AIM: TPX) with a mission to reduce, and eventually eradicate the bureaucracy that paralyses government programmes at local and central level.
The company is a technology-enabled services company focused on digital transformation which in Gandhi’s words: “Empower our teams at the edge to get the job done without bureaucracy.”
TPX does that, he says, by pulling together multi-disciplinary teams, to create solutions that work and deliver against the goal for companies. He adds it’s about sharing findings, ensuring great value for taxpayers with the ultimate goal of benefiting society.
The client list is impressive and includes DEFRA, the Food Standards Agency and the NHS. TPX counts 50 of the largest 160 local authorities as its clients, and commercial customers include Legal & General and HSBC.
While society benefits, Gandhi wants to make sure shareholders do too. He says the business is incredibly cash generative, and on a run rate basis his and the team’s goal is to deliver £200 million revenue by March 2025.
In our latest podcast, Mark Slater, founder of Slater Investments, and manager of the Slater Growth and Slater Recovery funds, talks bear markets and stock opportunities in conversation with Jonathan Davis.
Andrew Newland founded ANGLE PLC (AIM:AGL) in 1994. Twenty-eight years on and his company has won FDA clearance for ANGLE's liquid biopsy Parsortix initiative which in the U.S. alone has a $100 billion per annum addressable market. "We're solving an enormously challenging and important medical question," says Newland who says the ultimate growth of Parsortix is unbounded.
CentralNic Group PLC (AIM:CNIC) global operator and developer of software systems reports on its fantastic start to the year. Revenues were up 86% to $156.6m ($84.4m), its adjusted EBITDA was 83% better at $18.5m ($10.1m), its operating profit was $10.0m ($1.4m), while its net debt was down 18% to $61.3m.
The figures reflect the potential of its strong marketplace for Online Presence and Online Marketing services.
Ben Crawford, CEO of CentralNic Group PLC, joins us to discuss its successes, the future and what potential acquisitions may lie ahead.
David Whelan was stony broke after the 2008 financial crash, but after a €1,000 loan from his sister, and an investment into Oculus headsets he is now the chief executive of dual-listed virtual reality software company ENGAGE XR Holdings PLC (LON:EXR) which is dedicated to the deployment of the metaverse.
The metaverse, according to Whelan, is the evolution of how we communicate online. Currently the internet is like a flat page filled with text and video. Compare that to the metaverse which is about engagement and a breakaway from the internet which can be solitary and divisive.
He talks to Master Investor about the company’s pathway to profitability, how everybody should have a stake in the metaverse and the customer profile which tellingly includes Facebook.
The field of longevity has long been considered to be theoretical and one for the future, but that future is here now. The science of ketosis promises lucrative opportunities in a wide range of therapeutic areas, and the global keto market is expected to rise to $15 billion by 2027.
Juvenescence has brought together the leading experts in the ketone metabolism research field for a panel discussion on the revolution happening with ketones and the direction the research is leading the key players in this space. We cover how ketones can modulate fundamental aspects of human physiology, including glucose metabolism, brain function and heart health.
Juvenescence was founded with a mission to transform what aging means to the world. Science around aging is accelerating at an extraordinary pace so we’ve set out to further that science through a coalition of the best scientists, physicians and investors creating cutting-edge therapies and products that will empower people to chart their own path forward. Our company represents a modality-agnostic portfolio of therapies developed by seasoned drug developers augmented by machine learning. We have raised over $200MM to date and are organized around two major divisions: JuvRx (Drug Therapies) and JuvLife (NonRx IP-protected and clinically-studied food ingredients and dietary supplements).
Get the experts’ insights on the latest research and development, hear from our founders, Dr. Greg Bailey and Jim Mellon on the opportunity areas in the market.
Nicola Foulston is wanting to accelerate growth at professional services group RBG Holdings plc (AIM:RBGP). As the chief executive she is driving the business that has the “best in class of professional services” brought together in a platform. Her aim is to add other niche brands that are specialists in their field while focussing on share price growth and the maintenance of the dividend and its yield.
Do we lean into inflation or panic? Commodity investment expert Simon Popple advises invest in areas that are going to go up in price. Think fuel, think energy and think about the opportunities that some well-run mining companies will present to those not risk averse and those with the time to do their research.
Popple is founder of Brookville Capital, a service dedicated to educating about commodities, portfolio diversification and stock recommendations including Chalice Mining which has increased ’65 times’ since Popple’s endorsement.
In this podcast he shares his BRIDGE stock analysis technique, and belief that investors should ‘spend time in the market instead of timing the market.’ Simon also gifts viewers and listeners of this Master Investor interview with an inflation busting exclusive discount code to his weekly Brookville Capital Intelligence Report.
Download Simon's presentation slides: https://masterinvestor.co.uk/simon-popple-slides
To save £100 on a yearly subscription of the "Brookville Capital Intelligence Report", enter code – Master – when placing your order (you will have to click on the full amount and then enter this coupon code (which is highlighted in blue) before you enter your bank details. Then you get the discount and pay last year’s price (£445) rather than this year’s (£545)).
This deal is valid until 30 May 2022.
Please visit https://www.brookvillecapital.com to find out more.
Stephen Yiu, the manager of the Blue Whale Growth Fund, seeded in 2017 by Peter Hargreaves with £25 million of his own money, was a very popular speaker at the Master Investor show 10 days ago.
Jonathan Davis, our newest contributor, caught up with him with a series of follow-up questions about this year's market sell-off and how the £960 million fund is responding to the challenges it poses.
Jonathan Davis and Charlie Morris, founder and CIO of ByteTree Asset Management, discuss the outlook for equities, precious metals and crypto-currencies in the wake of the Ukraine invasion.
Jonathan Davis is the editor of the Investment Trusts Handbook and a regular contributor to Master Investor - catch him at the Master Investor show this year. Charlie Morris, former Head of Asset Allocation at HSBC, has taken a special interest in analysing and modelling the behaviour of gold and bitcoin for more than a decade.
Sarah Lowther interviews the CEO and CFO of Northcoders Group PLC, Chris Hill and Charlotte Prior to find out more about their growth plans, business model and what they are doing with the money raised from their 2021 IPO.
Sarah Lowther is joined by Derren Nathan of Hybridan who describes the advances being made in Fintech, and the companies engineering the industry’s progress.
Tax-free investments specialist Alex Davies, founder of the Wealth Club, tells Jonathan Davis why Venture Capital Trusts are pulling in record sums from savvy investors this year.
Following a strong year, are Smiths News Group shares now undervalued? Sarah Lowther interviews CEO, Jon Bunting and CFO, Paul Baker.
2021 was a bumper year for IPOs, with Microlise Group PLC one of the most promising. Sarah Lowther interviews CEO, Nadeem Raza and CFO, Bill Wynn about the performance and the future of the business.
2022 promises to be an 'interesting' year for investing. This webinar addresses the major themes and assesses how investors can make the most out of the year ahead.
Sarah Lowther is joined by Victor Hill, Mark Watson-Mitchell and Jonathan Davis for a look at the major themes and opportunities that lie ahead.
SDI Group has enjoyed sustained growth with the pandemic seemingly unable to hold it back. Sarah Lowther speaks to CEO, Mike Creedon about cash generation and Covid-19.
Jonathan Davis interviews Martin Gilbert, founder of Aberdeen Asset Management and currently Chairman of both AssetCo PLC and Revolut (amongst others). Martin discusses his experiences with Aberdeen, the value being created by AssetCo and the state of the current economic cycle.
SulNOx Group is rapidly becoming the energy transition environmental stock to watch as its fuel conditioners, emulsifiers and stabilizers are adopted by more and more customers. CEO Ben Richardson explains to Sarah Lowther how its products make modes of transport from ships to the family car go further, faster and cleaner and how the company doesn't require large sums of capital to progress to the next stage.
Michael Laurier, Group Chief Executive of Symphony Environmental Technologies Plc talks to Sarah Lowther about the company’s long quest creating solutions to eradicate the global plastic pollution crisis. He explains that while plastic is essential, the type of plastic used can be reconfigured to no longer pose a problem once its purpose has been fulfilled.
Sarah Lowther is joined by Derren Nathan of Hybridan to discuss the rapidly developing technology and industries surrounding the evolution of the hydrogen economy.
Cannabis has long been surrounded by stigma and misconceptions remain. However cannabis-related companies have now listed on the UK stock exchange and investors have exposure to the plant and its benefits.
Ahead of 2021’s Cannabis Europa London conference, Ed McDermott founder of Emmac Life Sciences and chief executive of Seed Innovations talks to Master Investor about cannabis’s corporate history and the multiple investment opportunities in the cannabinoid space.
Ahead of the Small Cap Awards, Tim Corcoran interviews the CEO of one of the nominees for ESG Company of the Year, Larry Zulch of Invinity Energy Systems Plc.
Sarah Lowther is joined by Stuart Fieldhouse (Armchair Trader) and Mark Watson Mitchell (Master Investor) for a discussion of which small cap stocks look attractive and which are less appealing for private investors.
Following the historical low of 2019, public markets in the UK are experiencing something of a resurgence in IPO activity at present, with 2021 already exceeding the volume of IPOs in 2020. Strong investor demand combined with a greater range of listing options offered by the London Stock Exchange and the Aquis Exchange has made the prospect of going public more attractive to companies seeking growth and investment, but notable disappointments such as Deliveroo have demonstrated that successful floatations are not a given, mistakes can seriously hamper a floatation.
This insightful podcast episode examines the process, benefits and potential pitfalls for companies considering going public. A panel of experts in the legal, financial and logistical aspects of IPOs is sharing their valuable knowledge and experience and addressing the pressing questions of the businesses who may be considering this as an option for the future.
Jim Mellon answers your questions in a live webinar.
From the financial crisis, to biotech, and now longevity and clean meat, Jim Mellon is consistently ahead of the game when it comes to anticipating big structural trends - the money trees that can make investors a fortune.
Chief Economic Strategist of Netwealth, Gerard Lyons in discussion with Master Investor. Over a long career in the City, Gerard has demonstrated excellent foresight on the issues and themes that have driven economies and markets at home and globally. He has a long track record of calls, many non-consensus, that have proved right. What does he foresee now and what lies ahead for markets and investors over the next five years?
The man the Daily Mail dubbed "The King of the Short Sellers", Evil Knievil (aka Simon Cawkwell) is Britain’s most feared bear-raider. A big man with a bigger reputation, Evil Knievil famously made £1 million by short selling shares in Northern Rock during its collapse. He also uses his knowledge and experience to buy shares, often resulting in the same devastating effect.
From the financial crisis, to biotech, and now longevity and clean meat, Jim Mellon is consistently ahead of the game when it comes to anticipating big structural trends - the money trees that can make investors a fortune.
Mark Brownridge, Director General at EISA and Fran O'Brien, Head of Clients & Investments at Syndicate Room explore and discuss the opportunities and challenges for private investors looking to take advantage of EIS and SEIS investments.
- Understanding the fundamentals of EIS
- The opportunity and benefits for investors
- Ways to access EIS
- An opportunity to ask questions about EIS
The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) support the UK economy by encouraging the flow of private capital from taxpaying individuals to some of the country’s brightest companies.
In exchange for providing capital, investors are granted a series of generous tax reliefs by the UK government, helping them to mitigate the risks and enhance the returns that can be generated from investing in growing companies.
Building a Buy To Let business can be a great way to build sustainable wealth and mitigate risk. This discussion will give you a clear understanding of the most suitable Buy To Let fundamentals to use to achieve success in 2021 and beyond. It will cover current trends in the market as well as research on Buy To Let hot spots. This will allow you to understand the current market opportunities and how best you can utilise them.
Jim Mellon has written Moo’s Law to provide the reader with the first-ever review of the entire alternative protein category, and the associated supply chain of meat, poultry, seafood and allied industries, and also goes a step further with his investment assessment of every leading company in this space. He is joined on this webinar with two of the leading authorities in the industry, Mark Post (Chief Scientific Officer, Mosa Meat) and Lou Cooperhouse (President & CEO of BlueNalu) for what promises to be an enlightening hour for both those familiar with the cellular agriculture sector and those who are new to the New Agrarian Revolution.
The progress being made in extending life- and health-spans represents both a challenge and an opportunity. How can we ensure our investments see us comfortably through an extended life and how can we capitalise on the huge financial possibilities that successful treatments for aging would present? This panel brings together three of the leading investors in the field of Longevity to discuss the opportunities and potential pitfalls.
We are on the cusp of a revolution in our understanding of the causes and consequences of aging. As aging research gathers pace, this panel discussion brings together some of the leading experts in the field of gerontology to discuss the cutting edge scientific work being done to advance the fight against aging.
Join James Faulkner and veteran mining analyst John Cornford for a wide-ranging discussion and how-to guide for assessing small-cap mining stocks.
The small-cap mining sector carries great allure for private investors by virtue of the sometimes enormous returns that are on offer for those lucky enough to find a winner. But for many investors, the sector can be nothing short of a minefield.
All too often, investors pile into the next hot issue, just to see their holdings diluted in the next placing. For those who don’t come from a mining background, the industry jargon can be confusing and the broker research can be misleading.
But having been an analyst himself, John knows exactly what to look out for when it comes to dissecting the target prices of brokers and research houses.
In this podcast episode we’ll cover:
- Why so many PIs come a cropper in small cap mining sector
- Why brokers and research houses ’target prices’ should be taken with a pinch of salt
- How to value mining companies - what is the NPV and how is it constructed?
- How to evaluate management
…and much more besides.
James Faulkner, Jim Mellon and Phil Newman discuss some of the amazing opportunities and challenges presented by the advancement of longevity science with particular reference to how private investors can learn more and get involved.
From the financial crisis, to biotech, and now longevity and clean meat, Jim Mellon is consistently ahead of the game when it comes to anticipating big structural trends - the money trees that can make investors a fortune.
In an exclusive webinar, Master Investor brings you Simon Cawkwell, aka Evil Knievil. The man the Daily Mail dubbed "The King of the Short Sellers", Evil Knievil (aka Simon Cawkwell) is Britain’s most feared bear-raider. A big man with a bigger reputation, Evil Knievil famously made £1 million by short selling shares in Northern Rock during its collapse. Evil now writes exclusively for Master Investor. Evil discusses all things investing.
James Faulkner interviews Lord Lee of Trafford, the UK’s first recorded ISA millionaire. Lord Lee discusses the performance of his portfolio during lockdown and how his preference for reliable, established businesses where management have ’skin in the game’ sets him in good stead to weather the storm. Lord Lee also reveals his five favourite small caps stocks.
The Master Investor himself Jim Mellon talks to James Faulkner about his latest investing activities and thoughts on the markets. Topics covered include:
- Has the stock market rally gone too far too fast?
- Are gold and precious metals stocks a buy on the dip?
- Other commodity stocks of interest in an inflationary environment
- Clean meat and 'Moo's Law'
- The US election and Brexit
It is looking increasingly likely that Coronavirus will continue to affect us all for the short and, potentially, medium term. If that proves to be the case, investors should be prepared for a period of increased market uncertainty and volatility.
Join master investor Jim Mellon and Netwealth's CEO Charlotte Ransom as they discuss:
- How investing during bear markets can be highly rewarding over the long run
- Strategies to deploy capital during volatile markets
- Cyclicals vs defensives
- Mental discipline and investor psychology
Charlotte Ransom
Charlotte is CEO of Netwealth, a challenger wealth manager. Having started her career at JP Morgan, she spent 20 years at Goldman Sachs, serving as partner for 10 years. Charlotte holds the CISI Private Client Investment Advice and Management qualification, and is one of PAM's 50 Most Influential 2019 and 2020.
Jim Mellon
Jim is an entrepreneur with flair for identifying emerging global trends, building a worldwide business empire. He is among the top 10% in the “Sunday Times Rich List” and often described as the British Warren Buffett. He predicted the Credit Crunch of 2007-08 in a book entitled “Wake Up! Survive and Prosper in the Coming Economic Turmoil”. Jim followed this with many other best sellers, most recently, “Juvenescence” (2017). His monthly “Mellon on the Markets” column in Master Investor Magazine has gained him cult status among investors. He holds a master’s degree in Politics, Philosophy and Economics from Oxford University
James Faulkner
James drew on his love of investing to pursue a career in financial media at t1ps.com, then part of the Rivington Street Holdings group of companies. James quickly progressed to become Editor-in-Chief of Master Investor and is responsible for all Master Investor content.
In this live webinar recording, James Faulkner hosts a lineup of some of the most insightful investment experts on the planet: Jim Mellon, James Ferguson and Victor Hill. The discussion delves into the coronavirus crisis and its implications for markets.
James Faulkner and legendary trader Evil Knievil discuss the recent sell-off and Evil reveals the biggest position in his portfolio right now.
Welcome to the third episode of The View from the Trenches, the show where we give listeners the rundown on all the latest action right from the Heart of the City of London. In this episode, we discuss two new IPOs and some of the more interesting situations in the small cap space.
James Faulkner is joined by the managers of Henderson European Focus Trust. We discuss why Europe is a stock picker’s market, and why the continent is poised to become a world leader in what looks set to become one of the biggest markets on the planet.
For UK investors. Capital at risk. For a full glossary of terms mentioned within this episode please visit www.janushenderson.com/ukpi/content/glossary.
Fintech special: James Faulkner is joined by Tim Levene of Augmentum Fintech and Richard Wilson of Interactive Investor to discuss the Fintech sector and its potential to massively disrupt traditional financial services. Fortunes will no doubt be made and lost in the process.
Today’s guest is Ben Lofthouse of Henderson International Income Trust. We’ll be talking about why investors should look further afield than the UK in their search for income, and we’ll also be taking a closer look at some of the investment themes that drive Ben’s approach to income investing.
For UK investors. Capital at risk. For a full glossary of terms mentioned within this episode please visit www.janushenderson.com/ukpi/content/glossary.
Welcome to the second episode of The View from the Trenches, the show where we give listeners the rundown on all the latest action right from the Heart of the City of London. In this episode, we discuss the market outlook for 2020 and the key themes that could dominate in the year ahead.
This episode is the first in a new series entitled The View from the Trenches. We’ll be giving listeners an insight into the markets from the vantage point of institutional stockbroker Hybridan. Each month, I’ll be joined by Hybridan Director Niall Pearson and we’ll be discussing all the latest market developments from the coal face in the City of London. The first episode looks at the slowdown in the IPO market and its implications for investors.
James Faulkner is joined by Laura Foll, co-manager of the Lowland Investment Company. Laura explains how she’s finding value across the market cap spectrum in the UK, with a more detailed look at some of the portfolio constituents.
Glossary
Gearing: A measure of a company’s leverage that shows how far its operations are funded by lenders versus shareholders. It is a measure of the debt level of a company. Within investment trusts it refers to how much money the trust borrows for investment purposes.
James Faulkner interviews Lord Lee of Trafford, perhaps the UK’s first ISA millionaire. Previously a minister in Margaret Thatcher’s government, Lord Lee is also a very successful private investor. His tendency towards investing in well run and often family owned businesses, where management have significant ’skin in the game’ has served him very well over the years. His first book, How to Make a Million Slowly, was recently followed up by Yummy Yoghurt, an introduction to investing for children.
In this episode we’re joined by Job Curtis, the manager of City of London Investment Trust. We’re going to be talking about the outlook for UK dividends, and there’s probably nobody better placed to talk about this than Job, as City of London is one of the AIC’s dividend heroes, with 53 consecutive years of dividend growth under its belt.
For UK investors. Capital at risk. For a full glossary of terms mentioned within this episode please visit www.janushenderson.com/ukpi/content/glossary.
Alex Barr of Henderson Alternative Strategies Trust invests in a range of alternative assets, many of which wouldn’t normally be readily accessible to retail investors. We’ll be talking about why alternative assets are such a useful diversifier, especially in a bull market that’s looking pretty late cycle after ten years of rising share prices and we’ll also be taking a closer look at some of the portfolio constituents.
For UK investors. Capital at risk. For a full glossary of terms mentioned within this episode please visit www.janushenderson.com/ukpi/content/glossary.
James Faulkner, editor of Master Investor Magazine, is joined by Jamie Ross, manager of Henderson EuroTrust to talk about why Europe is such an unloved destination for investors right now and why that’s throwing up some very interesting opportunities.
For UK investors. Capital at risk. For a full glossary of terms mentioned within this episode please visit www.janushenderson.com/ukpi/content/glossary.
James Faulkner interviews Evil Knievil, the man who made £1 million shorting Northern Rock. Evil discusses the recent market-sell-off, the gold price and a few stock-specific situations he finds interesting right now.
James Faulkner speaks with James Henderson of Janus Henderson Investors about his long and distinguished career in fund management and how he spots investment opportunities for Henderson Opportunities Trust, one of three trusts that James manages.
For UK investors. Capital at risk. For a full glossary of terms mentioned within this episode please visit www.janushenderson.com/ukpi/content/glossary.
James Faulkner is joined by the well-known fund manager and market commentator Tim Price to discuss strategies to preserve wealth in an era of financial repression and central bank intervention in markets.
James Faulkner talks to Mike Kerley, manager of Henderson Far East Income Limited, about investing for income in Asia and the Far East. The conversation covers the ongoing trade war between the US and China, along with the particular attractions of Asian stocks for income investors, and a breakdown of Mike’s portfolio in terms of geography, sector and individual stocks.
For UK investors. Capital at risk. For a full glossary of terms mentioned within this episode please visit www.janushenderson.com/ukpi/content/glossary.
James Faulkner talks to David Smith, manager of Henderson High Income Trust, about the prospects for UK stocks against the backdrop of Brexit turmoil. The conversation covers valuations, the risks stemming from Brexit, the hunt for income, and how David is navigating the markets with his own holdings within the trust.
For UK investors. Capital at risk. For a full glossary of terms mentioned within this episode please visit www.janushenderson.com/ukpi/content/glossary.
Hi everyone and welcome to the Master Investors podcast. We’ve got a very special guest for you today. Jim Mellon is one of the most successful private investors in the UK and he’s developed a reputation for calling really big trends that have the potential to make investors a lot of money. Most recently he’s done this with biotech, which has had a phenomenal run over the past few years. But today we’re going to find out about where Jim is looking for his next money fountain, as he likes to call them. Here’s the interview and I hope you enjoy listening.
Disclaimer: The value of investments can go down as well as up, so you may get back less than you invest. The information in this podcast is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. Past performance is not a reliable indicator of future returns.
In this trailer for our brand new podcast series, James Faulkner, Master Investor’s Editor in Chief, outlines what you can expect from the show.