Join private investors Mark Simpson, Bruce Packard, Roland Head and Maynard Paton as they discuss their shares, portfolios and the markets in a mix of healthy debates, lively conversations and in-depth discussions. And submit your questions for the hosts to answer!
Maynard Paton has been stock-picking for 25-plus years and is a well-known private investor within the UK small- cap community. Significant influences on Maynard’s investing style are the strategies of Warren Buffett, Peter Lynch and Jim Slater.
Roland Head has worked full-time as a freelance investment writer and equities analyst since 2012. Roland holds the CFA UK Investment Management Certificate (IMC) and has passed the CFA Level 1 exam.
Mark Simpson has been investing in individual stocks since 2003. Over the last decade, Mark has generated a 19% compound annual return following a Value methodology vs an FTSE All-Share Total Return Index that has returned less than 8% over the same period.
Bruce Packard is a Financial Analyst and a former equity research analyst who worked in the city specialising in the financial sector. He started his career at Credit Suisse followed by various other banks and stockbroking firms (Pali, Evolution, Seymour Pierce) before leaving so that he had more freedom to analyse and invest in companies for his own portfolio.
Bruce Packard and Mark Simpson discuss two of our most recent additions to our portfolios. UK inflation figures and whether the corresponding market moves are logical or not. We touch on house-builders and building product suppliers. How much investors should pay for quality companies such as Games Workshop?
Other key topics:
// SUPPORT US //
Join private investors Mark Simpson, Bruce Packard, Roland Head and Maynard Paton as they discuss their shares, portfolios, and the markets in a mix of healthy debates, lively conversations, and in-depth discussions. You can also submit your questions for the hosts to answer on The Investors Round Table Podcast.
The link to join the podcast subscription is here: https://bit.ly/447Mdw2
Timestamps:
3:00 Discussing how Bruce and Mark manage the consistent news flow.
6:00 Discussing UK inflation figures and whether the corresponding market moves are logical or not.
8:40: Discussing house builders and building product suppliers.
10:10 Discussing what a strong balance sheet is.
18:15 Discussing how much investors should pay for quality companies such as Games Workshop.
22:45 Discussing Bruce’s recent purchase of M.P. Evans (MPE), modelling, and other commodity producers.
29:15 Discussing pension liabilities, and financial adjustments using Reach (RCH) as an example.
38:40 Discussing Mark’s recent purchase of National World (NWOR).
42:00 Looking at unpopular corners of the market for value and closing thoughts.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Mark & Bruce Resources.
// LINKS //
Visit and join pipod here: https://bit.ly/447Mdw2
Buy Marks Book Here: http://excellentinvesting.org/
Visit Bruce’s Blog: https://brucepackard.com/
Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/
// Social Links //
Follow Bruce on Twitter: https://twitter.com/bruce_packard
Follow Mark on Twitter: https://twitter.com/DangerCapital
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
This time on The Investors Round Table Maynard Paton, Roland Head, Mark Simpson, and Bruce Packard discuss asset allocation and the investment potential of Ocean Wilsons (OCN), Tristel (TSTL) & Arcontech (ARC).
A healthy four-way debate about the shares they own, their portfolios, and the markets.
//SUPPORT US//
Join private investors Mark Simpson, Bruce Packard, Roland Head and Maynard Paton as they discuss their shares, portfolios, and the markets in a mix of healthy debates, lively conversations and in-depth discussions. And submit your questions for the hosts to answer!
The link to join the podcast subscription is here: https://bit.ly/447Mdw2
Timestamps:
3:50 Why Bruce bought Ocean Wilsons (OCN).
5:30 A four-way discussion about the investment potential of Ocean Wilsons (OCN).
20:05 Why Mayanrd bought Tristel (TSTL).
23:35 A four-way discussion about the investment potential of Tristel (TSTL).
38:30 Why Mark bought Arcontech (ARC).
42:25 A four-way discussion about the investment potential of Arcontech (ARC).
51:05 A four-way discussion about the value of asset-allocation.
Thank you for listening, we hoped you enjoyed the episode.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Maynard, Roland Mark & Bruce Resources:
The link to join the podcast subscription is here: https://bit.ly/447Mdw2
Visit FYR for more investors related podcasts: https://www.fundyourretirement.com/
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Visit Maynard’s Quality UK Investment website here https://maynardpaton.com/
Follow Roland on Twitter: https://twitter.com/rolandhead
Visit Roland’s Dividends Investing website here: https://www.rolandhead.com/
Follow Mark on Twitter: https://twitter.com/DangerCapital
Buy Marks Book Here: http://excellentinvesting.org/
Follow Bruce on Twitter: https://twitter.com/bruce_packard
Visit Bruce’s Blog: https://brucepackard.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
This time Maynard Paton and Roland Head discuss the investment potential of investment platforms IntegraFin (IHP), AJ Bell(AJB) and Hargreaves Lansdown (HL), but which one?
IntegraFin (IHP) is an investment platform like Hargreaves Lansdown (HL) and AJ Bell (AJB) but for financial advisers only. IntegraFin was founded in 1999 and is an FTSE 250 company with a co-founder still on the board who is still a significant shareholder.
During this podcast, Maynard and Roland discuss IntegraFin and its reoccurring revenue from management and platform fees comparing them to AJ Bell and Hargreaves Lansdown, who are both looking cheap right now.
// SUPPORT US //
Join private investors Mark Simpson, Bruce Packard, Roland Head and Maynard Paton as they discuss their shares, portfolios and the markets in a mix of healthy debates, lively conversations and in-depth discussions. And submit your questions for the hosts to answer!
The link to join the podcast subscription is here: https://bit.ly/447Mdw2
Timestamps:
0:45 Important announcement about the podcasts hosted by Maynard, Roland, Mark & Bruce.
3:20 What does IntegraFin do and its impressive consistent net inflow of client money.
5:30 Discussing owner management.
6:45 Discussing the valuation and yield.
8:30 Discussing the varying different products on offer.
9:30 Comparing IntegraFin’s client base to AJ Bell
11:15 IntegraFin has a heritage of disruption and being a client champion.
15:30 Comparing the growth of IntegraFin to AJ Bell.
17:45 Discussing IntegraFin’s onshore and offshore bonds.
20:30 Discussing the profit notes in the accounts.
22:00 The top ten companies in this market and how much client money they have.
24:30 Discussing Blackrock who is a 7% shareholder.
27:05 Discussing the 22 billion of client finds that show up in IntegraFin’s accounts.
31:00 Discussing the management of IntegraFin.
35:10 Discussing staff creeping staff costs.
38:00 Discussing room for growth.
39:45 Discussing other growth projects in the pipeline.
41:05 discussing the valuation of IntegraFin.
42:30 Comparing IntegraFin to AJ Bell and Hargreaves Lansdown
45:15 Could these companies become cheaper?
46:15 Closing thoughts and wrap up
Thank you for listening, we hoped you enjoyed the episode.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Maynard, Roland & Podcast Resources:
// LINKS //
Visit our podcast subscription joining page here: https://bit.ly/447Mdw2
IntegraFin website: https://www.integrafin.co.uk/
Visit Maynard’s Quality UK Investment website here https://maynardpaton.com/
Visit Roland’s Dividends Investing website here: https://www.rolandhead.com/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
// SOCIAL //
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Follow Roland on Twitter: https://twitter.com/rolandhead
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
Bruce Packard and Mark Simpson discuss artificial intelligence, UK small-caps DX Group (DX), Bruce’s recent purchases of Frontier Developments (FDEV) and the most recent addition to Mark’s portfolio Paypoint (PAY).
Other key topics:
How to potentially play the artificial intelligence mania.
Attending Mello and listening to Lord Lee present.
Paypoint (PAY), DX Group (DX) Frontier Developments (FDEV).
When is the right time to use stop losses?
Broker forecasts and investor red flags to watch out for.
Private equity IPOs.
Timestamps:
1:15 discussing the AI mania, AI applications and potentially how to play it.
9:30 Attending Mello and listening to Lord Lee.
15:30 Discussing Paypoint (PAY)
19:10 When is the best time to use stop losses?
22:00 Discussing Frontier Developments (FDEV).
24:45 Brokers forecasts and red flags to look out for.
28:45 Frontier Developments and how companies use EBITDA.
32:00 Discussing DX Group (DX)and private equity IPOs
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Mark & Bruce Resources.
Follow Mark on Twitter: https://twitter.com/DangerCapital
Buy Marks Book Here: http://excellentinvesting.org/
Follow Bruce on Twitter: https://twitter.com/bruce_packard
Visit Bruce’s Blog: https://brucepackard.com/
Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
Welcome to the first episode of The Investor’s Round Table Podcast with Maynard Paton, Roland Head, Mark Simpson, and Bruce Packard. A healthy four-way debate about the shares we own, our portfolios, and the markets.
In our first episode, we discuss the UK housing market and the investment potential of Bellway (BHT) vs a sector ETF. Is wiring specialist Luceco (LUCE) a deep value play or a quality buffet-style compounder and whether fashion retailer Superdry (SDRY) will succeed with its turnaround strategy?
We finish off with an interesting discussion on how many stocks we own and the reasons why, our biggest holdings and dealing with missed opportunities such as selling too early, top slicing and much, much more.
Timestamps:
1:45 Why Roland bought Bellway (BHY)
3:45: A four-way discussion about the housing market and the investment potential of Bellway (BHY)
16:15 Why Mark bought Luceco (LUCE)
21:15 A four-way discussion about the lighting industry and the investment potential of Luceco (LUCE)
34:00 Why Bruce bought Superdry (SDRY)
36:00 A four-way discussion about the investment potential of Superdry (SDRY)
48:30 A four-way discussion about how many shares we own, our largest holding and our best buys.
Thank you for listening, we hoped you enjoyed the episode.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Maynard, Roland Mark & Bruce Resources:
Visit FYR for more investors related podcasts: https://www.fundyourretirement.com/
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Visit Maynard’s Quality UK Investment website here https://maynardpaton.com/
Follow Roland on Twitter: https://twitter.com/rolandhead
Visit Roland’s Dividends Investing website here: https://www.rolandhead.com/
Follow Mark on Twitter: https://twitter.com/DangerCapital
Buy Marks Book Here: http://excellentinvesting.org/
Follow Bruce on Twitter: https://twitter.com/bruce_packard
Visit Bruce’s Blog: https://brucepackard.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
This time Maynard Paton and Roland Head discuss UK housing market behemoth Bellway (BWY) and whether Bellway shares are a good buy right now.
Bellway is a UK residential property developer founded in 1946 and is listed on the FTSE 250 Index.
Roland has recently purchased Bellway shares at £17.00. Roland shares in detail the reasoning why he bought Bellway covering the long track record of the dividends, the 6% yield annualized, no debt with cash in the bank, and the outlook for the UK housing market.
As always, Maynard forensically examines the annual reports, and the financials and even compares the most recent accounts to the accounts from 2007/08 to see if there are any similarities to the present-day housing market concerns.
Timestamps:
1:20 Discussing Roland’s buy price.
2:45 Discussing why Roland bought Bellway.
5:00 Discussing how Bellway home sales and the cyclical nature of home sales.
6:30 Discussing the long track record of Bellway and 6% yield annualized.
8:45 Discussing the annual reports from the 80s looking at how much homes sold for in the 80s.
9:20 Discussing whether Bellway’s share rise is a result of house price inflation since the 80s.
13:00 Discussing the finances and cash flow of Bellway.
16:45 Discussing Bellway’s balance sheet.
18:20 Discussing Bellway’s land bank.
20:45 Discussing what could go wrong, could we experience another 2007/08 crash?
24:50 Discussing the management.
26:20 Discussing the management’s remuneration package.
29:00 Discussing Bellway’s order book and future projections.
32:20 Discussing Bellway’s share buyback programme.
34:30 Discussing the housing and mortgage market.
36:20 Discussing the forecast dividend cut.
37:20 Discussing the current low valuation of Bellway.
38:50 Closing thoughts and wrap up.
Thank you for listening, we hoped you enjoyed the episode.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Maynard, Roland & Bellway Resources:
Bellway Investor Centre: https://www.bellwayplc.co.uk/investor-centre
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Follow Roland on Twitter: https://twitter.com/rolandhead
Visit Maynard’s Quality UK Investment website here https://maynardpaton.com/
Visit Roland’s Dividends Investing website here: https://www.rolandhead.com/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
This time Maynard Paton and Roland Head discuss UK small-cap James Halstead (JHD), which is a family-run business with no debt, is cash-rich and has increased dividends for 45 years straight.
As with any company, nothing is perfect and there are concerns that Maynard and Roland discuss during this excellent breakdown of James Halstead and the investment potential of vinyl floor coverings.
Timestamps:
1:00 Discussing what James Halstead does.
3:30 Admiration from Maynard, Roland, and Lord Lee.
4:30 Discussing the global reach of James Halstead.
5:45 Discussing the concerns of the low growth.
8:45 Discussing the pension deficit.
10:20 Discussing the large increase in stock going up 85%.
12:15 Discussing the succession plan or lack of presently.
17:30 Discussing employee retention and revenue per employee.
19:10 Discussing remuneration of the board and the largest shareholders.
25:15 Discussing sustainability and energy use.
27:45 Discussing 2022 results
31:15 Closing thoughts on James Halstead and wrap up.
Thank you for listening, we hoped you enjoyed the episode.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Maynard, Roland & James Halstead Resources:
James Halstead website: https://www.jameshalstead.com/
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Follow Roland on Twitter: https://twitter.com/rolandhead
Visit Maynard’s Quality UK Investment website here https://maynardpaton.com/
Visit Roland’s Dividends Investing website here: https://www.rolandhead.com/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
Bruce Packard and Mark Simpson discuss a hand full of UK small to mid-cap companies including a recent addition to Bruce’s portfolio; Hargreaves Lansdown (HL).
Bruce and Mark also discuss the investment potential of Abrdn (ABDN), iEnergizer (IBPO), Kape Technologies (KAPE), Quarto Group (QRT) and Superdry (SDRY).
Other key topics:
Whether it’s better to be in cash or fully invested?
When will inflation peak and the surge in demand for money market funds?
Terry Smith's banned words and phrases.
Discussing placings and right issues; are they buying opportunities or something to avoid?
Timestamps:
1:30 Discussing whether it’s better to be in cash or fully invested.
5:37 Discussing inflation and its impact on the share market.
7:10 Outflows from US banks and Credit Suisse.
7:45 Discussing the rising demand for money market funds.
8:15 Discussing the investment potential of Hargreaves Lansdown (HL).
12:45 Discussing the investment potential of Abrdn (ABDN).
13:50 Terry Smith banned words and phrases.
15:50 Discussing the investment potential of Abrdn (ABDN).
17:30 Interactive Investors, broker research tools and broker execution.
20:50 Companies that use buzzwords as a way of distracting investors.
22:50 Private equity taking over UK small caps.
25:00 Companies deciding to de-list such as iEnergizer (IBPO).
27:10 Discussing the current situation with Kape Technologies (KAPE).
28:20 Discussing Quarto Group (QRT) the book publishing company.
33:00 Discussing the investment potential of Superdry (SDRY)
37:00 Closing thoughts and wrap up.
Thank you for listening, we hoped you enjoyed the episode.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Mark & Bruce Resources.
Follow Mark on Twitter: https://twitter.com/DangerCapital
Buy Marks Book Here: http://excellentinvesting.org/
Follow Bruce on Twitter: https://twitter.com/bruce_packard
Visit Bruce’s Blog: https://brucepackard.com/
Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
Mark Simpson and Bruce Packard discuss one of the stand-out companies for Mark last year, TP ICAP (TCAP), whether the computer gaming industry is a value play or value trap covering Team 17 (TM17) and Tiny Build (TBLD). Are companies trading at cash or just below good companies to buy right now?
Mark shares the latest addition to his stock portfolio Luceco (LUCE) who are designers, suppliers & manufacturers of high-quality and efficient LED lighting.
How much research do Mark and Bruce carry out on companies including the metrics they look for as a quality and a deep value investor? Weaved into the conversation there are many more insights covering portfolio management, psychological biases and the challenges facing investors given the rising interest rate environment.
Timestamps:
2:00 Discussing portfolio diversification.
6:15 Discussing current market conditions, inflation, and interest rates.
8:45 Discussing TP ICAP (TCAP).
16:30 Companies trying to convince people they are a technology company.
18:30 Discussing the computer gaming industry.
23:00 Discussing what metrics Mark and Bruce like to look for in good companies.
25:30 Discussing Luceco (LUCE).
29:00 Discussing Tiny Build (TBLD).
32:30 Discussing companies trading at cash or just below.
38:30 Closing thoughts and wrap up.
Thanks for listening,
Mark & Bruce.
If you like this episode, please let us know by subscribing to future company reviews and insightful conversations about portfolio management and stock analysis.
Mark & Bruce Resources.
Mark on Twitter: https://twitter.com/DangerCapital
Buy Marks Book: http://excellentinvesting.org/
Bruce on Twitter: https://twitter.com/bruce_packard
Visit Bruce’s Blog: https://brucepackard.com/
Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
Welcome to the first episode of The Value Trapped Podcast, the podcast where private investors Bruce Packard and Mark Simpson discuss the UK small to mid-cap share market, including shares they own as well as shares they probably shouldn’t own. Weaved into the conversation will be insightful nuggets of information on portfolio management, stock analysis and the macro landscape for the UK share market.
Mark Simpson has been investing in individual stocks since 2003. Over the last decade, Mark has generated a 19% compound annual return following a Value methodology vs an FTSE All-Share Total Return Index that has returned less than 8% over the same period. He has achieved this out-performance by developing a strategy that plays to his unique strengths and overcomes his weaknesses, in particular finding practical ways to overcome behavioural biases. His book Excellent Investing describes this approach and how investors of all types can generate higher and more consistent returns by developing their own strategy that plays to their strengths and overcomes their weaknesses.
Bruce Packard is a Financial Analyst, and a former equity research analyst who worked in the city specialising in the financial sector. He started his career at Credit Suisse followed by various other banks and stockbroking firms (Pali, Evolution, Seymour Pierce) before leaving, so that he had more freedom to analyse and invest in companies for his own portfolio. In 2008 he predicted the nationalisation of the UK banking industry.
Bruce’s investing style is a low-frequency, buy-and-hold strategy focused on quality. Bruce writes regularly for Share Pad, Money Week and his non-conformist thoughts on his own blog brucepackard.com.
Timestamps:
1:30 Silicon Valley Bank (SVB) and the wider banking crisis.
8:55 Sylvania Platinum (SLP) and Tharisa Minerals (THS)
17:54 Arcontech Group (ARC)
22:18 The dark side of share tips and following them blindly.
27:57 Bank of Georgia (BGEO) and the political problems arising in Georgia
34:07 WANdisco (Wand) discussion
38:19 Closing thoughts and wrap up.
Thank you for listening, we hoped you enjoyed our first episode.
If you like this episode, please let us know by subscribing to future company reviews and insightful conversations about portfolio management and stock analysis.
Mark & Bruce Resources.
Mark on Twitter: https://twitter.com/DangerCapital
Buy Marks Book: http://excellentinvesting.org/
Bruce on Twitter: https://twitter.com/bruce_packard
Visit Bruce’s Blog: https://brucepackard.com/
Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decision
This time Maynard Paton and Roland Head discuss ITV and the investment potential of commercial television.
Roland owns ITV making his first purchase in 2019 with subsequent purchases in 2020. Roland believes ITV is currently undervalued, making the case that the market is undervaluing the studio side of the business and that ITV’s shift to digital streaming is actually going much better than they are being credited for. This Combined with a 6% yield makes it an attractive position for Roland’s dividend-producing portfolio.
This is a great analysis of a company that perhaps many have dismissed due to the rise of streaming but ITV has done a fairly good job of navigating this transition with the rise of the studio business becoming a large part of their revenue.
Roland shares the bull case for ITV while Maynard looks at the company with his trademark forensic analysis of ITVs strategy, financials and management.
Is Maynard convinced, or has Roland missed something that could change his mind?
Timestamps:
2:15 Overview of ITV's recent financials and strategy.
3:35 Discussing the 6% dividend yield.
5:00 Roland’s bull case for ITV.
6:20 Discussing the financial record of ITV.
8:15 Discussing the studio’s part of the business.
10:00 Discussing other income streams such as high-value scripted content.
12:20 The KPIs for the studios.
13:30 Discussing the traditional advertising side of the business.
15:25 Shifting to ITVs new streaming platforms ITVX, Planet V and Brit Box.
21:35 Discussing the valuation of ITV and pension deficits.
29:25 Discussing the revenue per employee.
30:15 Discussing the Debt of ITV.
32:00 Discussing current management, AGM votes and CEO Carolyn McCall’s remuneration.
36:45 ITV’s relationship with System 1.
38:30 Final thoughts and wrap up.
If you like the episode, please subscribe for future company reviews.
Maynard & Roland.
You can listen to more investor content from our partner podcasts The Value Trapped Podcast and The Fund Your Retirement Podcast.
Maynard, Roland & ITV Resources:
ITV.com/investors: https://www.itvplc.com/investors
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Follow Roland on Twitter: https://twitter.com/rolandhead
Visit Maynard’s Quality UK Investment website here https://maynardpaton.com/
Visit Roland’s Dividends Investing website here: https://www.rolandhead.com/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
This time Maynard Paton and Roland Head discuss Telecom Plus (TEP) and the income potential of Utility Warehouse.
Telecom Plus (TEP) has a long history of increasing dividends with a forecast of a 4% yield for this year which could rise to 6% in the coming years, based on company projections.
Telecom Plus was founded in 1996 and is now an FTSE 250 company with a revenue of £967.4 million in 2022, an operating profit of £50.9 million and a market cap of 1.5 billion.
One of Telecom Plus’s subsidiaries is Utility Warehouse where they supply energy, broadband, mobile and now insurance to the general public and small businesses through a unique way of selling, known as multi-level network marketing.
This method of selling to the public has been a key part in the rise of Utility Warehouse helping them become a well-known brand which in turn has seen the share price of Telecom Plus rise from £2.00 in 2000 to over £18.00 currently, with a high of £24.00 in 2022.
As always, Maynard and Roland discuss the finer details of Telecom Plus, what the future holds for Telecom Plus and whether this method of selling utilities is a sustainable method for the next 10 to 20 years.
Timestamps:
1:11 What does Telecom Plus and Utility Warehouse do?
2:57 What is multi-level marketing, and how does Utility Warehouse use it to its advantage?
4:30 Customer numbers and services are taken out.
5:40 Share price and a long track record of paying dividends.
7:50 Past and present competition
9:38 First half of their financial year numbers March to September
11:05 New streams of income for Utility Warehouse.
13:58 Targeting an extra 1 million customers and improving services.
17:47 Will they change their sales model?
21:09 How they acquire current customers.
23:52 Charles Wigoder the founder and Chairman of Telecom Plus.
25:40 The management, AGM and protest votes.
28:03 Discussing the current valuation and dividend yield.
31:02 Closing thoughts on Telecom Plus and Utility Warehouse.
Hope you enjoy it and have a wonderful day.
Maynard & Roland.
If you like the episode, please subscribe for future company reviews and leave us a review.
Maynard, Roland & Telecom Plus Resources:
Telecom Plus Latest Results & Annual Report: https://telecomplus.co.uk/latest-results-and-annual-report
United Utilities Warehouse website: https://uw.co.uk/
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Follow Roland on Twitter: https://twitter.com/rolandhead
Visit Maynard’s Quality UK Investment website here https://maynardpaton.com/
Visit Roland’s Dividends Investing website here: https://www.rolandhead.com/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
This time Maynard Paton and Roland Head discuss the investment potential of Bioventix (BVXP) and diagnostic antibodies.
Both Maynard and Roland hold AIM-listed Bioventix with Maynard first purchasing in 2016 and Roland later in 2021. Bioventix is now 12% of Maynard’s portfolio making it his largest holding.
Maynard and Roland break down this incredibly profitable company which has operating margins of over 70% and has maintained those margins for over five years.
They discuss the recent AGM attended by Maynard, how Bioventix generates cash, future pipeline, the financials, dividends and current risks to the value and share price of this AIM-listed UK company, Bioventix.
Hope you enjoy it and have a wonderful day.
Maynard & Roland.
If you like the episode, please subscribe for future company reviews.
Maynard & Roland Resources:
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Follow Roland on Twitter: https://twitter.com/rolandhead
Visit Maynard’s Quality UK Investment website here https://maynardpaton.com/
Visit Roland’s Dividends Investing website here: https://www.rolandhead.com/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
This time Maynard Paton and Mark Atkinson discuss the investment potential of Fundsmith and whether Fundsmith is still a good buy.
Mark owns Fundsmith making his first purchase in 2014 at £1.64. Mark shares how his investment in Fundsmith has been life-changing and why he believes Fundsmith is still a good place to hold 40% of his liquid wealth despite the price rising considerably since his purchase in 2014.
Maynard puts forward what he thinks about Fundsmiths’s current situation covering their recent purchases of Meta, Amazon and Alphabet and Fundsmith’s future growth potential. As always, is it a hold, a buy or a sell?
Hope you enjoy it and have a wonderful day.
Maynard & Mark
If you like the episode, please subscribe for future company reviews.
Mark & Maynard Resources:
Learn more about Maynard Paton by visiting his excellent Quality UK Investment Blog here https://maynardpaton.com/
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Connect or follow Mark Atkinson on LinkedIn: https://www.linkedin.com/in/mark-atkinson-10824b71/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
This time Maynard Paton and Mark Atkinson review FTSE Small-Cap City of London Investment and the investment potential of fund managers.
Maynard shares why he owns the City of London Investment and covers in detail why he started buying the City of London Investment, what CLIG does, attending the recent City of London AGM and what Maynard thinks about their current situation and future growth potential. Is it a further buy, a hold or a sell?
Maynard --AGM visit/recent top-up purchase
Maynard - history of purchases/ownership
Maynard - what the business does
Mark/Maynard - financials overview -- margins, net cash, dividend.
Maynard - competitive advantage/attractions in a bear market?
Mark - general bear case -- fees, trackers, risk of underperformance,
Maynard - AGM comments on fees, vs S&P 500,
Mark - consistent outflows until recently, merger partner Karpus performance not great, profit share
Maynard - AGM comments on flows, Karpus performance, profit share
Mark - was George there?
Maynard - AGM comments from George K, has read my blog
Mark - frosty AGM as per SYS1?
Maynard - general AGM thoughts, attendance, voting card etc.
Mark - more on AGMs in general?
Mark - Valuation
Mark/Maynard - Buy, sell hold etc.
Hope you enjoy it and have a wonderful day.
Maynard & Mark
If you like the episode, please subscribe for future company reviews.
Mark & Maynard Resources:
Learn more about Maynard Paton by visiting his excellent Quality UK Investment Blog at: https://maynardpaton.com/
Maynard's City of London Blog: https://maynardpaton.com/2022/10/21/city-of-london-investment-h2-2022-profit-drops-20-and-fum-slides-to-8-5b-although-yield-now-tops-8-and-run-of-net-inflows-extends-to-4-quarters/
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Connect or follow Mark Atkinson on LinkedIn: https://www.linkedin.com/in/mark-atkinson-10824b71/
City of London Investment Group PLC Shareholder presentation 2022: https://maynardpaton.com/wp-content/uploads/2022/10/CLIG-FY-2022-slides.pdf
City of London Investment Group Annual Report: https://maynardpaton.com/wp-content/uploads/2022/10/CLIG-AR-2022.pdf
Visit Fund Your Retirement: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
This time Maynard Paton and Mark Atkinson review Aim Listed Small-Cap System 1 and the investment potential of testing adverts.
System 1 is Maynard's largest holding starting with his first purchase in March of 2016, since then Maynard has further added to his position.
As always Maynard covers in detail why he started buying System 1, what System 1 does, attending the recent System 1 AGM and what Maynard thinks about their current situation and future growth potential. Is it a buy, a hold or a sell?
Hope you enjoy it and have a wonderful day.
Maynard & Mark
If you like the episode, please subscribe for future company reviews.
Mark & Maynard Resources:
Learn more about Maynard Paton by visiting his excellent Quality UK Investment Blog at: https://maynardpaton.com/
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Connect or follow Mark Atkinson on LinkedIn: https://www.linkedin.com/in/mark-atkinson-10824b71/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
The AGM on Investor Meet Company: https://www.youtube.com/watch?v=WEuZBrV9CWw
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
Welcome to The Private Investor’s Podcast. This time Maynard and Mark’s share review of FTSE of 250 listed Greggs (GRG) and the investment potential of sausage rolls.
Mark first bought Greggs in 2003 before selling it in 2005. Mark began buying again in 2017 at £10.24 adding several times with the latest purchase at £18.00
Greggs is now one of Mark’s top five holdings accounting for 5% of his overall portfolio.
The question is; what does the future hold for Greggs? Will Maynard be buying, does Mark hold, buy more, or sell?
Main Topics Covered:
Hope you enjoy it and have a wonderful day.
Maynard & Mark
If you like the episode, please leave us a review and subscribe for future company reviews.
Mark & Maynard Resources:
Learn more about Maynard Paton by visiting his excellent Quality UK Investment Blog at: https://maynardpaton.com/
Follow Maynard on Twitter: https://twitter.com/maynardpaton
Connect or follow Mark Atkinson on LinkedIn: https://www.linkedin.com/in/mark-atkinson-10824b71/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
Greggs Capital Markets Day Slide Deck 2021: https://corporate.greggs.co.uk/sites/default/files/Greggs-Capital-Markets-Days-presentation-full-%28website-version%29.pdf
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
Welcome to The Private Investor’s Podcast. This time Maynard and Mark’s review of AIM listed small-cap Somero Enterprises (SOM) and the investment potential of concrete levelling machines.
Mark first bought Somero (SOM) in April 2016 adding a further nine purchases making it one of the largest holdings in his portfolio.
Somero Enterprises is a US domiciled company listed on the UK AIM share market that specialises in concrete levelling machines for large warehouses, fulfilment centres, large factories and data centres. It's quite a popular share among private investors with 13% of the shares owned by clients of Hargraves Landsdown and Interactive Investor, which comes to a collective investment of 30 million pounds, which sounds a lot for what is a small American business with just a 250 million market cap.
Last year was exceptional for Somero because sales before the pandemic were between 80 and 90 million rising to 133 million indirectly benefitting from the growth of eCommerce.
The question is; what does the future hold for Somero? Will this growth continue, are there any black holes in the accounts and what will Mark do with his holdings after this detailed breakdown of Somero Enterprises (SOM)?
Timestamps:
0:00 to 1:46 Introduction to Somero Enterprises.
1:47 to 2:37 W-8BEN form.
2:38 to 4:50 Mark’s first purchase of Somero and moving brokers.
4:51 to The growth of eCommerce and dying high street.
6:20 to 7:30 Somero’s USP.
7:31 to 12:15 The financials and accounts.
12:16 to 13:30 The international growth of eCommerce.
13:30 to 15:00 The different products Somero sells.
15:01 to 18:20 Breaking down the disclosure in the annual report.
18:21 to 20:30 Somero management team.
20:31 to 22:97 Special dividends.
22:98 to 28:40 What will cause a re-rating for Somero and previous headwinds?
28:41 to 30:12 Closing thoughts and wrap up.
Hope you enjoy it and have a wonderful day.
Maynard & Mark
If you like the episode, please leave us a review and subscribe for future company reviews.
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
Welcome to The Private Investor’s Podcast. This time Maynard and Mark review UK small-cap Tristel (TSTL) and the investment potential of medical cleaning wipes and disinfectants.
Maynard bought Tristel in 2013, while Mark bought it in 2017. Both Maynard and Mark recently attended Tristel’s shareholders’ Open Day learning key insights about the potential growth of the company. The question is; do we buy more, hold or sell our holdings?
Timestamps:
0:00 to 1:31 Introduction to Tristel open day and when we bought.
1:31 to 2:59 What does Tristel do and its unique selling point.
3:00 to 5:55 Tristel’s market cap, profits and revenue streams.
5:56 to 7:00 The price Maynard bought at and when he started selling.
7:01 to 12:50 Discussing the trading update and the potential growth in the US.
12:51 to 16:20 We discuss the different products Tristel offer.
16:21 to 18:25 Discussing debt and restructuring of assets.
18:26 to We discuss the shareholders’ open day.
20:90 to It’s a high-margin business.
21:92 to 23:43 Concerns about the patents expiring in the next couple of years.
23:44 to 26:23 Discussing the CEO, CFO, the board and their skill-sets.
26:24 to 29:40 Now we have reviewed Tristel; do we buy more, hold or sell?
29:41 to 30:23 Closing remarks and wrap up.
Hope you enjoy and have a wonderful day.
Maynard & Mark
If you like the episode, please leave us a review and subscribe for future company reviews.
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.
Welcome to the first episode of The Private Investor’s Podcast. The podcast where keen stock pickers, Mark Atkinson, and Maynard Paton talk about managing their share portfolios.
Mark began buying shares in 1984, and Maynard started in 1993. In this episode we cover UK small-cap cover Photo-Me and the investment potential of passport photos and self-service washing machines.
Timestamps:
0:00 to 0:51 Introduction and % return of each other's portfolio for 2022.
0:52 to 5:09 What does Photo-ME do and how does it make money (Mark has been buying).
5:10 to 9:25 Is self-service laundry a winning revenue stream for Photo-ME?
9:26 to 12:15 Is fruit juice and pizza vending the winning formula for Photo-ME?
12:16 to 13:50 The financials of Photo-Me?
13:51 to 19:00 The CEO, Serge Crasnianski, recently bought £20,000,000 worth of shares. What does he know?
19:01 to 19:50 Is it a red flag that there is no CFO on the board?
19:51 to 20:23 Trading statement, revenue and expected revenue.
20:24 to 22:50 Is Mark still bullish, would he buy more after this deep dive into Photo-ME?
22:51 to 23:25 How big of a position has Mark already taken in Photo-Me?
23:26 to 25:35 Would Maynard now buy Photo-Me after this deep dive?
25:36 to 25:51 Wrap up.
If you liked our first episode, please let us know by subscribing, sharing and leaving us a review. This will let us know if you want more content like this, and encourage us to do many more reviews of UK companies.
Maynard & Mark
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.