PIWORLD Investor Podcasts

SDI Group CEO, Stephen Brown, CFO, Ami Sharma and Head of Corporate Development, James Dimitriou present the group's results for the year ended 30 April 2025, followed by a Q&A session. Stephen Brown, CEO 01:20 Introduction 03:47 Strategic Progress 04:40 FY25 Key Growth Initiatives 05:34 Industrial and Scientific Products Highlights 06:53 Industrial and Scientific Sensors Highlights 07:25 Labo...

Progressive Analysts George O'Connor and Ian Robertson catch up on events in and around the UK small and mid-cap listed tech. Big Beautiful Trade Prosperity deal – George tries to put in it some kind of context vs the scale of what is happening elsewhere. Has the UK sold its soul or did that really happen years ago?  Look to the positive and question Germany’s and France’s position. Then Oracle –...

The Pebble Group CEO, Chris Lee and CFO, Claire Thomson, present the group's results for the six months ended 30 June 2025, followed by Q&A. Chris Lee, CEO 00:16 Introduction 03:01 Investment case 04:24 HY25 Highlights Claire Thomson, CFO 06:34 HY25 Financial Highlights 07:34 Revenue 08:13 Income Statement 09:12 Balance Sheet 09:43 Cash flow 10:19 Cash Utilisation Principles Chris Lee, CEO 11:...

Progressive's Gareth Evans and Jeremy McKeown discuss the key factors that have impacted financial markets over the past week and take a look ahead to what lies ahead for investors. Bond markets got the yips over talks of IMF visits for France and the UK. However, no one informed the FX market, and the value of the £ remained solid, helped in part by the weakening of the $. However, it's all relat...

DF Capital CEO, Carl D'Ammassa provides an overview of the company's results for the six months ended 30 June 2025. 00:00 Opener 00:16 Introduction 01:09 H1 2025 Review 03:25 Strategy Update 04:14 Looking ahead DF Capital is a speciality lender providing flexible financing solutions that support the sales and growth of manufacturers, dealers and distributors operating in attractive underserved ret...

This week, Progressive's Jeremy McKeown and Gareth Evans debate Trump's ongoing attacks on the US Fed...perhaps Powell is rolling over, but the recently "sacked" board member Lisa Cook is not.  The dollar fell and long bond yields rose, but not by much.  France is showing renewed (and traditional) political risk, and the landscape across Europe feels pressured.  The UK is once again facing an Autu...

This week, Progressive's Jeremy McKeown talks to The Brawl Street Journal , a source that posts on “second-order thinking on Europe’s markets, energy, and the collision between regulation and reality.” The man behind this blog holds a PhD in international economic law, with a background in World Trade Organisation (remember them?) dispute settlements, and has worked with an international law firm....

This week has been relatively quiet. Progressive's Gareth Evans and Jeremy McKeown discuss the prospects for peace in Europe, the not quite so bad news, but still not good news, about the UK economy and our public finances. UK inflation and the long end of the gilt market both look like they might be getting out of control. UK inflation has now been above target for 49 out of the last 51 reports....

Progressive's Jeremy McKeown recently spoke to Charlie Morris, an investor, entrepreneur, and advocate for hard assets. Charlie has 27 years of experience in fund management, with a reputation for actively managing multi-asset portfolios. Charlie was previously the Head of Absolute Return at HSBC Global Asset Management, where he managed $3bn of assets. He writes research for private clients, prov...

In their usual weekly chat, Progressive's Jeremy McKeown and Gareth Evans cover the macro market news and events with a few thoughts on what it all means. While the UK reporting season is a bit dull, the US Q2 reports have been more positive. There is a long wait for the Autumn Budget in the UK, and many companies are likely to face a long wait for the inevitable tax increases. Lots of comments ou...

Progressive's George O'Connor and Ian Robertson catch up on US giants results, reflecting on very different approaches and perhaps outlooks, before considering whether the IPO noise is consistent with the share price performance of UK tech stocks. Microsoft – AI reality, talk of returns on its own investment on AI but no real idea on those of its customers. George argues that it’s the best placed...

Is China investable? If so, how do you go about it? What are the basic ground rules? Recently, Progressive's Jeremy McKeown spoke to an American fund manager living in the UK whose life has been intertwined with China since he was a young boy. Rufus Frazier of Variis Partners has a long career investing in emerging markets, and he believes China offers some of the best investment opportunities ava...

Gareth and Jeremy discuss macroeconomic developments and how they might impact financial markets. Plenty of noise around tariffs still, and still difficult to determine any signal. Meanwhile, the Fed and the BoE have both had contentious rate-setting meetings, highlighting the unprecedented way in which like-minded policymakers have differing views about the future path of monetary policy. Jeremy...

This week, Jeremy and Gareth talk Turnberry and trade deals - with a backdrop of some tech titans' Q2 earnings reports with such strong results that "American Exceptionalism" seems as strong as ever.  The anticipated dispersion of capital to other venues will have to wait, as AI spend dominates and American giants are mainly the beneficiaries.    The US FOMC decision (to leave rates unchanged) all...

IG Design Group Interim Executive Chair, Stewart Gilliland and Chief Financial Officer Rohan Cummings present the group's results for the year ended 31 March 2025. 00:00 - Opener Stewart Gilliland, Interim Executive Chair 00:16 Introduction 02:48 FY2025 Summary Rohan Cummings, Chief Financial Officer 04:16 DG Americas FY2025 performance 06:32 DG Americas Divestment 08:52 DG International FY2025 pe...

Creightons PLC (CRL) Full Year 2025 results presentation for the year ended 31st March 2025, given by Paul Forster, Non Exec Chair, Philippa Clark, CEO and Qadeer Mohammed, CFO. Paul Forster, Non-Executive Chairman 00:00 Changes to the Board and Corporate Governance. Philippa Clark, CEO 02:51 Agenda 03:14 About Creightons 05:25 Financial highlights 06:40 Operational highlights Qadeer Mohammed, CFO...

Wynnstay Group CEO, Alk Brand and CFO, Rob Thomas, present the group's results for the six months ended 30 April 2025, followed by Q&A. Alk Brand, CEO 00:16 Introduction Rob Thomas, CFO 01:25 H1 Highlights 04:39 Income statement 06:09 Balance sheet 07:52 Cashflow statement 07:59 Net cash Alk Brand, CEO & Rob Thomas, CFO 08:31 Feed & Grain division 12:50 Arable division 15:45 Stores div...

This week Progressive's George O'Connor and Ian Robertson canter through the newsflow of recent weeks, Bytes, Accesso, Northcoders and Hostelworld. Is Bytes broken? No, but its reputation has taken another beating. Hostelworld’s direct marketing expense reminds us why many startups sometimes feel they are just working for Google. Reflecting on Salesforce’s recent wins with the US government, Georg...

This week, Progressive's Gareth Evans and Jeremy McKeown discuss how an emboldened Trump has raised the tariff temperature while also considering the potential for a version of the future to be one of US economic growth. But whatever the path forward, Paul Tudor Jones' mantra, that all roads lead to inflation, seems increasingly appropriate. Risk assets continue their march higher with Nvidia and...

Progressive's Jeremy McKeown and Gareth Evans discuss the week's macro market news and developments, comparing the plight of the Trump and Starmer administrations, which are six months and a year in, respectively. The differing outcomes, at least in part, reflect the degree to which the bond markets constrain the UK government more than the US. We are halfway through 2025 and have had a turbulent...

Progressive Analysts George O'Connor and Ian Robertson catch up on events in and around the UK small and mid-cap listed tech. Visma – potential London IPO. Parallels with Sage are inevitable. Visma has grown through acquisition, but still delivers on organic growth. It does not, however, scale per the SaaS storybook. A judgement in store not just for London vs the world but PE valuations vs realit...

WW3 is over, oil prices are plummeting, inflation is dead, Daddy Trump is putting the world back together, including doing a trade deal with China and getting interest rates down, even if it means sacking the man who is in his way. And the UK smaller company sector has discovered the Bitcoin magic money tree and is bathing in the prospect of free money. What a time to be alive! What could possibly...

Progressive's George O'Connor and Ian Robertson wish AIM a Happy 30th Birthday, consider its success and follow Charlie Munger’s edict of ‘invert, always invert’ to gain some context. 1,700 companies on AIM in 2007 was too many (polite way to say it), but 700 now is too few. The politically impossible bail out is not the answer, but what can be done for little cost and risk to the public purse? Pe...

This week, Progressive's Jeremy McKeown and Gareth Evams discuss the market reaction to Trump's potential intervention in the Israel-Iran conflict, as well as interest-rate "holds" from the US and UK in the face of ongoing inflationary pressure. Japan continues to confuse - and to present major risk - with high inflation and close-to-zero interest rates, while the US/Japan trade deal is still cons...

Progressive's George O'Connor and Ian Robertson catch up on events in and around the UK small and mid-cap listed tech. London Tech Week - George has been out and about and is enthused about by the talk by Gary Turner and Steve Vamas of Xero fame. More LSE departures - To read the eulogies you would think that Ricardo was the greater success story. Ricardo was just easy to explain and love. Spectri...