Christmas Special

Monday 14th December, from 6pm

Christmas Special Programme

Interview with leading Fund Manager Keith Ashworth-Lord, Founder and CIO, Sanford DeLand The Buffettology Fund

Keith Ashworth-Lord

“Ask Keith Anything”! For the best chance of getting a question asked – e mail us now at info@melloevents.com and we’ll try and ask it on the night.

Keith is a Chartered Fellow of the Chartered Institute for Securities & Investment, having formerly been an individual member of the Stock Exchange, and he holds the Investment Management Certificate of the United Kingdom Society of Investment Professionals.

Prior to setting up the business and the UK Buffettology Fund, he was a self-employed Consultant working with a variety of stockbroking, fund management and private investor clients. His work has been rewarded with the accolade of winning three top-three sectoral, and one top-ten general, Thomson-Reuters StarMine stock-picking awards in 2008, 2009 and 2010.

Keith experienced investment epiphany in the 1990s when he discovered the achievements of ‘The Superinvestors of Graham-and-Doddsville’. This group of successful investors drew their inspiration from the father of securities analysis, Benjamin Graham. They consistently outperformed the Standard & Poors 500 stock index year-in, year-out, despite having very different individual investment styles.

The common factor was their investment compass where Ben remained true north. Names such as Walter Schloss, Tom Knapp, Bill Ruane and Rick Guerin hardly register in most UK investors’ minds but they are certainly ‘superinvestors’.

Two better known superinvestors are Warren Buffett and his investment partner, Charlie Munger. Keith has had the privilege of meeting these doyens of our industry on two separate occasions in Omaha, Nebraska. In addition to Graham, the influence of Philip Fisher can be found at work with Buffett and Munger. Learning from these masters transformed Keith’s understanding of investment philosophy and with it, his investment performance.

 


Since the fund began in 2010, the CFP SDL UK Buffettology Fund has demonstrably outperformed the UK Stockmarket, winning attention from the national press, receiving top ratings and collecting a number of industry awards.

MelloBASH (Buy, Avoid, Sell, Hold)

The MelloBASH features a mix of Fund Managers and Private Investors including Kevin Taylor, Jack Brumby and David Thornton.  They will be giving their verdicts together with the audience on listed companies selected by you…our Mello delegates.   Donations will be made to their chosen charities to show our appreciation of their excellent research and diligent coverage of the selected companies.  

Companies which may be analysed include Volex (VLX), Bioventix (BVXP), Staffline (STAF), Polar Capital holdings (POLR), Argentex (AGFX).

Do let us know which companies you’d like analysed in future MelloMonday BASH panels.

Kevin began his City career 27 years ago, training as an actuary with a focus on defined benefit pension schemes. In 1997 he moved over to Investment Banking and joined a structured finance team working on complex projects and debt finance for large corporates. During those 27 years of financial markets experience Kevin has been a keen small cap investor looking after his family’s portfolios and trading on both the long and the short side of markets. Kevin is one of the more sceptical member of our panel and likes to see proof that demonstrate management’s claims before investing in a management team.

David went into the City after graduating from Oxford University in PPE in 1982 and spent 30 years in fund management. Most of his career was at Henderson where he was a Director and Head of UK Institutional Equities. He has also managed US equity portfolios and founded an Emerging Markets fund focused on Eastern Europe. David became a financial journalist in 2013 and has been Editor of Growth Company Investor since 2015. He is now also the owner of GCI, which is a long-established subscription newsletter focusing on UK small cap equities.

I’m looking for compounding investments  

I started off in Leisure – a part of the market I still love, but an area where stocks can appear “cheap” for years without going anywhere. It made me realise that valuation is only one part of the puzzle. 

Now I sift through a much broader universe of stocks in search of small, high quality operators with large addressable markets, strong and maintainable margins, and clear share price catalysts. 

@jpbrumby

Introduction to a new Company…. SUMO Group plc

Sumo Group’s businesses provide acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, Canada and the US.

Sumo Digital, as the Group’s primary business, is one of the UK’s largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Leamington Spa, Warrington and Pune, India. The business has acquired three studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room in Brighton, Red Kite Games in Leeds and Lab42 in Leamington Spa. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.

Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film and visual effects industries.

The Group recently acquired Pipeworks, an innovative, well-established, and respected US video games developer based in Eugene, Oregon. Pipeworks provides full development, co-development, and live operations to premier video game publishers and other partners.

The Company conducted a successful IPO and was admitted to trading on AIM in December 2017 at placing price of 100p

David Wilton, CFO

Appointment date: David joined in November 2017 before the Group’s IPO in December 2017.
Experience: Big four qualified chartered accountant with more than 30 years’ post qualification experience as CFO, Non-Executive Director and Consultant after many years in corporate finance, primarily in mid cap M&A with NM Rothschilds. David has held roles in both plc and private equity backed companies including as Group Finance Director of WYG plc and as Non-Executive Director and Chair of the Audit Committee of Sweett Group plc
External appointments: None
Skills brought to the Board: Financial management, M&A and investor relations
Sector experience: Broad range with focus on people and professional services

Professional Investor Introduction….. The Double-Up!

Gordon Jones (@glasshalfull)

Gordon has been a full-time investor for the last 18 months having “retired” last year after a quarter of a century in the demanding career of law enforcement, no longer able to juggle his vocation with the increasing demands of an investment hobby that outgrew his wildest dreams. Gordon has posted on investment sites for over a decade under the pseudonym “Glasshalfull” with a focus mainly on small caps & contrarian opportunities. He is now solely on Twitter & regularly posts updates on his portfolio (or squad), investment rationale plus the highs & lows of his investment journey. Having invested for many years, Gordon has been fortunate to generate a compounded return approaching 3,000% or CAGR of 42% on investments during the last decade.
Twitter: @glasshalfull1

Alan Charlton

Alan is a Full Time Professional Investor, having enjoyed a 30 year career working  the Retail Industry, and been a Director of many well know High Street names. He has been fortunate to work directly for some of the greatest Retailers of the last generation, including Lord Kirkham, Sir Philip Green (interesting experience!!) and Sir Stuart Rose. Fortunate to have learned from some of the very best. 
Alan posts occasionally on message boards as “Simso”…going right back to PaulyPiliots Pub and the old Motley Fool days! Current investment strategy is specifically focussed on stocks which benefit from the current environment

QQ – @wheeliedealer

I am a middle aged bloke named Pete who lives in Windsor under lots of planes. I fortunately gave up work in December 2009 at the ripe old age of 44 when a lucky circumstance of a Voluntary Redundancy package aligned with me having built up enough capital to make the bold decision to Change my Life.

I aim to make about 10% to 15% a year gains on my Stock Portfolio, compounded over many years. In practice this means I will have dire years where I lose 25% and cracking years where I gain 25% – and a range of outcomes in between (or even outside this range !!) – but over longer periods I should get near my targets. It is important to have realistic expectations – 10% COMPOUNDED ANNUALLY over many years will grow your cash into a huge sum.

You can read more about my investing history via this Link.

My mantra is “Get Rich Slowly”………

Wheelie Dealer

Gamechangers – which company is transforming this month?

The third in our series of “Gamechangers” – An introduction to a company that has had a transformational announcement which may not have been fully understood by investors. The company will not be pre-announced beforehand but leading investors and directors talk us through the company gamechanger. 

ShareSoc Active Campaigns update

ShareSoc will be talking about their latest developments including the recently launched campaign about the failure of the Woodford Equity Income Fund as well as their successes in helping ex SVS clients regain control of their portfolios.