Monday 13th June 2022, 5pm – 9pm
5.00 pm Mello welcome and Company presentation by Impax AM with Ian Simm
5.30 pm Gervais Williams – Inflation changes everything – How the UK stock market could come to be the asset of choice for global investors
6.00 pm Nicky Foulston CEO at RBG Holdings shares her insights into the recent RNS concerning the share register
6.30 pm Paul de Gruchy presents – Alternative Funds: more than a safe port in a storm?
6.50 pm Company presentation by Hercules Site Services
7.30 pm Vector Vest – a more detailed presentation will be given on Wednesday 15th June from 1 pm (webinar link button above)
7.45 pm Specialist insight – Steve Clapham looks at The Wire Card Fraud
8.00 pm Mello BASH: Admiral Insurance & GMS
Company Presentation – Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with approximately £41.4 billion as of 31 December 2021 in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Impax has ca. 225 staff across six offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector’s largest investment teams dedicated to sustainable development.
Ian Simm is the Founder and Chief Executive of Impax Asset Management Group plc, one of the world’s leading investment managers dedicated to investing in the transition to a more sustainable economy. Impax, which Ian founded in 1998, currently manages ca. £41 billion in listed equity, private equity and fixed income strategies, primarily for institutional owners. Prior to Impax, Ian was an engagement manager at McKinsey & Company advising clients on environmental strategy.
Outside Impax, Ian is a member of the UK government’s Net Zero Innovation Board, which provides strategic oversight of public sector funding of energy innovation programmes. He is also a board member of the Institutional Investors Group on Climate Change, the European membership body for investor collaboration on addressing climate change, a member of the Energy & Climate Change Board of the Confederation of British Industry, and a Commissioner with the Energy Transitions Commission. Between 2013 and 2018 he was a board member of the Natural Environment Research Council (NERC), the UK’s leading funding agency for environmental science.
Ian Simm, Founder and Chief Executive
Inflation changes everything – How the UK stock market could come to be the asset of choice for global investors Gervais Williams, Premier Miton
Gervais Williams is Head of Equities at Premier Miton Investors and manages a number of funds and trusts that aggregate to over £1.5bn, he joined the group in 2011. His fund management career extends over 30 years including 17 years at Gartmore Group Ltd, where he was Head of UK Small Companies investing in UK smaller companies and Irish equities. Gervais is a member of the AIM Advisory Council, and a board member of the Quoted Companies Alliance. He was a member of the Patient Capital Review panel with the Chancellor of the Exchequer two years ago where the recommendations were put into legislation in the subsequent budget. Gervais Williams has published three books, ‘Slow Finance’ in the autumn of 2011 (Bloomsbury), ‘The Future is Small’ published in November 2014 (Harriman House) and ‘The Retreat of Globalisation’ published in December 2016 (Harriman House).
Gervais Williams, Head of Equities, Premier Miton Investors
Strategic Management of the RBG Holdings Share Register
Some shareholders have raised questions about the recent announcement of share sales by company employees. RBG Holdings’ CEO, Nicky Foulston will be discussing the rationale, and her proactive approach to managing the interests of shareholders, and share lock-ins at the Company, and will be happy to take any questions on this and other issues.
Recent RNS – Limited Employee Share Sale to Satisfy Investor Demand
RBG Holdings plc (AIM: RBGP), the professional services group, announces that today certain employees and the Trustee of the Company’s employee benefit trust (“EBT”) sold in aggregate 2,000,000 ordinary shares of 0.2 pence each in the capital of the Company (“Ordinary Shares”) at a price of 100 pence per share in order to satisfy new institutional investor demand for the Ordinary Shares of the Company. The shares sold by employees represent 2.5% of the total number of the Company’s shares that are held by employees.
These employees have been allowed by the Company to sell Ordinary Shares that were subject to lock-in agreements as the Company believes it is important to be able to satisfy the investor demand received as a result of the Company’s marketing activities to attract new institutional investors onto the Company’s register and improve liquidity.
Of the shares held by Group employees, 31% are subject to lock in agreements. Those sellers who are employees of Convex Capital were subject to lock-in agreements that were due to expire in September 2022. The remaining shares held by these Convex Capital employees will remain subject to this lock-in arrangement which has been extended by an additional four months to 16 January 2023. The sellers who were Partners of Memery Crystal (and now employees of RBGLS Ltd) were subject to lock-in agreements that were due to expire in May 2023. The remaining Ordinary Shares held by these RBGLS employees will be subject to a further 12-month lock-in agreement which will expire in May 2024.
Nicky Foulston, CEO
Nicky Foulston took over the commercial management of Rosenblatt in September 2016. She had been a client of the Firm for nearly 30 years. Nicky’s background was the acquisition, in 1992, of the Brands Hatch Circuit Group and the subsequent stock market listing in 1996. Brands Hatch was acquired three years later by Interpublic, returning IPO investors a 6-7x return on their money.
Paul de Gruchy – Alternative Funds: more than a safe port in a storm?
Paul de Gruchy has a background in law, latterly as Head of Legal for BNP Paribas Offshore, where he helped establish a large number of listed investment funds. Before that he spent time developing financial services policy and legislation for the regulator and government in Jersey.
Since moving to the UK in 2016, he has focused on investing, running a high conviction portfolio of small cap, cash generative stocks that are overlooked by the market but have potential for significant growth. Paul is also a non-executive director of GCP Infrastructure Investments, a FTSE 250 listed investment company, which gives him a direct understanding of the responsibilities of the modern board.
Paul de Gruchy, Specialist Investment Trusts and Funds investor
Company Presentation – Hercules Site Services plc
Hercules is a leading tech enabled labour supply company for the UK infrastructure sector. Founded in 2008, Hercules has an established track record of profitability and fast-growth and has built a blue-chip customer base which includes Balfour Beatty, Costain, Kier, Skanska, Dyer & Butler and Volker Fitzpatrick. The Company has been appointed to provide labour for a range of high-profile infrastructure projects, such as HS2, due to its agile, innovative, digital first approach and complete service offering. It is well-placed to benefit from any government increase in infrastructure spending and its experienced management team has identified multiple opportunities for growth.
Brusk Korkmaz, CEO & Founder
Brusk Korkmaz has worked in the construction industry for 20 years. Prior to founding Hercules in 2008, he held positions with MJ Gleeson, Black and Veatch and Hochtief UK, gaining experience across a range of civil engineering projects and labour supply for various sectors, including highways, rail, water industry and utilities. He is a member of the Institute of Civil Engineers and holds a BEng Honours Degree from University College London.
Paul Wheatcroft, CFO
Paul Wheatcroft has spent 25 years as a Finance Director working in a number of industry sectors including construction, building materials, energy, wholesale, manufacturing. He joined Hercules in February 2020 and brings with him significant business experience in M&A, raising finance and financial management. Previously, Paul was Finance Director in three subsidiaries of Hanson PLC for over 13 years, and Group Finance Director of Ecotricity Group, a green energy company for eight years, responsible in all these roles for financial, legal, HR and IT matters. Paul is a Fellow of the Chartered Institute of Management Accountants
VectorVest – Safe and Consistent Portfolio Growth
VectorVest is the only stock analysis and portfolio management system that analyzes, ranks and graphs over 16,500 stocks each day for value, safety and timing and gives a clear buy, sell or hold rating on every stock every day. VectorVest now comes complete with the UK, USA, CA, AU and all of Europe databases.
VectorVest gives you ANSWERS, not just data. What to buy. What to sell. Most importantly, WHEN. Unbiased, independent answers. Investment guidance provided at a glance or through your own analysis.
Specialist Insight’s – The Wirecard Fraud
Steve will talk about the Wirecard fraud and his interview with Dan McCrum author of the new book Money Men which is published on Thursday. This was one of the biggest frauds of the century and the largest in Europe and it’s a truly amazing story.
Stephen Clapham of investment research and training consultancy Behind the Balance Sheet will be here again with another instalment of his accounting red flags and investing tips series. In accounting red flags he will talk about comparing operating cash flow to earnings, and give some tips on adjustments to ensure you are comparing like with like. In the investing tips series, he will explain why supply is often a much better indicator to use than demand when evaluating the outlook for industry pricing.
The Mello BASH (Buy, Avoid, Sell & Hold)
Edward Roskilll, Private Investor
Simon Young, AXA
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