PIWORLD Investor Podcasts

This week, Jeremy and Gareth mull over the macro situation - the US economy seems to be slowing (but inflation persists) while Europe, especially Germany, has been bullied into spending more than ever. The UK, and arguably Europe, haven't yet seen much benefit from the outflow of capital from the MAG Seven, but remember, the whole German market cap is not dissimilar to the value of Microsoft - so...

Secure Trust Bank CEO, David McCreadie provides an overview of the group's results for the 12 months to 31 December 2023. David McCreadie, CEO 00:29 Introduction 00:49 Vehicle Finance Sector challenges 02:03 Strategic goals & targets 04:31 2024 performance highlights 06:32 Strategic initiatives 08:39 Outlook and conclusion Founded over 70 years ago, Secure Trust Bank is a leading retail deposi...

This week, Gareth and Jeremy try to keep up with the gyrations from across the Atlantic - both around defence alliances and tariff policies. In terms of the impact on Europe and the UK, Germany is stepping up and spending big, which is driving up both (European) stock markets and (German) borrowing costs. Trump seems to be ignoring the stock market and is probably happy that US borrowing costs are...

Progressive's Gareth Evans recently sat down with Jason Paltrowitz, Executive Vice President, Corporate Services at OTC Markets. The two discuss how the business operates and the opportunities that the OTC offers for companies and investors. 00:00 Opener 00:31 What are OTC Markets, and how do they operate? 02:58 Are there any additional regulatory overheads? 04:50 Is the ability to offer easier-to...

Progressive Analysts, George O'Connor and Ian Robertson’s regular review of the technology sector. George updates us on PLC awards winners – all well deserved and fingers crossed for none of those traditional subsequent share price declines. Ian looks to Pinewood. AI and the issue of where the value really lies in AI. It looks to have paid a ‘full’ price for Seez, but it makes strategic sense, and...

Nexteq’s recently appointed management team of Duncan Faithfull, CEO, and Matt Straight, CFO, along with senior leaders from across the business present the Group's three-year plan and strategic ambitions for the end of 2027 at its 2025 Capital Markets Event. The presentations also showcase, through practical demonstrations, the Group's innovative new technology solutions which are being launched...

Jeremy  and  Gareth talk this week about Trump 2.0 launching with a number of "adults in the room" who Trump trusts, and who can get things done. One thing that might get done is a US/UK trade deal...Jeremy describes how the stars could align, and how the UK's separation from Europe might save us from the worst of Trump's tariffs. Absent much other UK stock news, Jeremy talks about LSEG, whose res...

Wynnstay Group CEO, Alk Brand and CFO, Rob Thomas present the group's results for the year ended 31 October 2024, followed by Q&A. Alk Brand, CEO 00:16 Introduction Rob Thomas, CFO 01:19 Business Summary 02:36 FY24 highlights Alk Brand, CEO & Rob Thomas, CFO 06:10 Feed and Grain 10:54 Fertiliser & Seed 13:41 Depot merchanting Rob Thomas, CFO 17:18 Income statement 19:09 Balance sheet 2...

This week, Progressive's Gareth Evans and Jeremy McKeown tackle the investment implications of Trump 2.0. After shocking the world with his suggestion of turning Gaza into the Riveria of the Middle East, Trump has moved on to Ukraine. Such events illustrate how the accepted World order has broken down. Where is the UN in all of this? One outcome has been a new all-time high in the gold price, indi...

SDI Group’s CEO, Stephen Brown, CFO, Amitabh Sharma and Head of Corporate Development, James Dimitriou, answer investor questions following the Group’s recent December Interims. Read the latest research here: https://progressive-research.com/company/sdi-group-plc/ 00:00 Opener 00:16 Introduction 00:45 Can you talk about opportunities going forward, and can you outline how you are encouraging colla...

Made Tech CEO, Rory MacDonald and CFO, Neil Elton present the group's results for the six months ended 30 November 2024, followed by a Q&A session. Rory MacDonald, CEO & Founder 00:16 Introduction 00:59 H1 FY25 Highlights Neil Elton, CFO 04:55 H1 FY25 Financial highlights 06:39 Revenue and Gross Profit 10:17 Sales bookings 11:01 Adjusted EBITDA bridge 12:24 Balance sheet 13:55 Cash flow Ro...

Progressive’s Gareth Evans is joined by tech analyst George O'Connor as they glance back at the week’s macro events and market themes and discuss the impact on investors and companies. They discuss selected UK company news and let us know what to look out for in the week ahead… 00:00 Introduction 01:12 Global Macro News 01:29 DeepSeek and its global impact 07:02 OpenAI's Operator and AI agents 07:...

Progressive’s Jeremy McKeown and Gareth Evans glance back at the week’s macro events and market themes and discuss the impact on investors and companies. They discuss selected UK company news and let us know what to look out for in the week ahead… 00:00 Introduction 01:02 Trump's first week back in office 04:05 The Stargate Project & the US Tech Industry 05:26 Trump & The World Economic Fo...

Progressive’s Jeremy McKeown and Gareth Evans discuss the week’s macro picture, the impact on investors, companies reporting & what to look out for next week. 00:00 Introduction 01:04 The Return of Bond Vigilantes 04:05 UK market news 06:24 National insurance rises 07:55 Progressive client news - Petro Matad (MATD), Xaar  (XAR) and Gamma (GAMA) 11:04 Upcoming macro news UK Unemployment figures...

Tern hosted an investor presentation and Q&A session on 9 January 2025. Presentations were given by the portfolio companies, which reinforced that all three businesses have made significant progress with major key accounts and important strategic partnerships. Read Progressive’s latest research note here or visit Tern's website here. Tim Metcalfe, Managing Director, IFC Advisory 00:16 - Introd...

Progressive’s Jeremy McKeown and Gareth Evans discuss the week’s macro picture, the impact on investors, companies reporting & what to look out for next week. 00:00 Opener 00:52 Uncertainty around Trump 04:38 UK macro backdrop for 2025 06:38 UK news: Trading updates from Retailers &  Christmas consumer spending 08:03 Investing in the UK with the current macro backdrop 12:37 Upcoming macro...

An Interview with SDI Group CEO, Stephen Brown, providing an overview of the business, its refreshed strategy and insight into the acquisition of InspecVision. Read the research here. 00:00 - Introduction 00:28 - Can you give a brief overview, and tell us about the breadth of the business and the technological expertise that sits within the SDI Group? 01:21 - Despite the difficult end markets, par...

Progressive's Jeremy McKeown is joined by Robert Marstrand, an author and investor who writes the investment stack OfWealth. They discuss Javier Milei, Argentina's 'Maverick President', covering Argentina's political and economic background and the effects of Milei's reforms. 00:00 Introduction - About Argentina and Javier Milei 08:07 Robert’s background 14:32 Argentina’s political background 17:2...

Progressive’s Jeremy McKeown and Gareth Evans discuss the week’s macro picture, the impact on investors, companies reporting & what to look out for next week. 00:50 US rate reductions 04:44 UK Inflation and interest rates 06:53 Japanese interest rates 07:36 Other news: China, Russia, Trump 09:18 Idox (IDOX) and Petro matad (MATD) 10:48 Artisanal Spirits (ART) 14:01 Outro About: Gareth Evans ha...

Progressive's Jeremy McKeown and David Seaman of Alpha Cygni Investment Management are joined by Richard Stuckey, the manager of the Ennismore Global Equity Fund, to discuss the management of a long-short strategy in smaller global companies. 00:22 - Introduction 09:49 - Managing risk in a long-short strategy 22:30 - How does shorting affect the overall portfolio structure? 24:11 - Genus (GNS) 33:...

Progressive’s Jeremy McKeown and Gareth Evans discuss the week’s macro picture, the impact for investors, companies reporting & what to look out for next week. 01:00 Overview: Middle East Uncertainty, Trump 01:41 China’s monetary policy 02:31 USA 05:40 Springfield Properties (SPR) and VanElle Holdings (VANL) 06:36 UK - Ashtead and Games Workshop (GAW) 12:29 Forthcoming news: Chinese production...

Begbies Traynor Executive Chairman, Ric Traynor and Group Finance Director, Nick Taylor present the group's results for the six months ended 31 October 2024, followed by Q&A. Ric Traynor, Executive Chairman 00:16 - Introduction 01:05 - H1 highlights Nick Taylor, Group Finance Director 03:04 - H1 financial highlights 06:45 - Reconciliation of adjusted EBITDA to statutory profit 07:38 - Financia...

SThree CEO, Timo Lehne and CFO, Andrew Beach give a trading update. Timo Lehne, CEO 00:16 - Introduction Andrew Beach, CFO 01:46 - Financial performance 02:24 - Contract order book 02:51 - Balance sheet Timo Lehne, CEO 03:14 - Summary & Outlook SThree plc brings skilled people together to build the future. We are the only global specialist talent partner focused on roles in Science, Technology...

Progressive Analysts, George O'Connor and Ian Robertson’s regular review of the technology sector, including an overview of Oxford Metrics full-year results, reported last week, and FD Technologies focussing on its KX database business. 00:00 - Introduction 01:15 - Oxford Metrics (OMG) 07:38 - FD Technologies (FDP) View Oxford Metrics (OMG) research here. About: George O'Connor has been a financia...

MindGym CEO, Christoffer Ellehuus and CFO, Emily Fyffe present the group's results for the six months ended 30 September 2024. Christoffer Ellehuus, CEO 00:16 - Introduction 04:04 - Market opportunity & dynamics Emily Fyffe, CFO 07:11 - HY FY25 financial highlights Christoffer Ellehuus, CEO 10:00 - Global energy framework case study 12:15 - Finastra case study 14:33 - Vision for growth 15:50 -...