Event programme for MelloMonday, on 30th November

How to join the Zoom webinar:

1. Buy your ticket (unless you are an Annual Pass holder in which you case you already have a ticket).

2. The link will be sent to all those with a ticket on the morning of the event and you will be asked to Register & you can log in to the Webinar.

3. Spaces are limited (500 people), so please only register if you’re confident you will attend.  If you can’t attend, we’ll send all ticket holders a recording afterwards.

MelloBASH (Buy, Avoid, Sell, Hold)

The MelloBASH features a mix of Fund Managers and Private Investors including Kevin Taylor, Alan Charlton, Leon Boros, Ed Croft and Rosemary Banyard.  They will be giving their verdicts together with the audience on listed companies selected by you…our Mello delegates.  Companies that may be covered include Wey Education (WEY), Staffline (STAF), Kainos (KNOS), Versarien (VRS), Synairgen (SNG) and Carnival (CCL).

Donations will be made to their chosen charities to show our appreciation of their excellent research and diligent coverage of the selected companies.  This MelloMonday we will be covering Versarien.

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

Leon is a recently retired professional investor. Prior to his retirement he was founder and managing director of Equity Strategies, a boutique corporate finance firm. Leon started his career at EY where he qualified as a Chartered Accountant.

Leon has been investing since his late teens. In 1993 he opened his first PEP and has since achieved annualised returns of 18.42% (to Dec 2019).

Leon was previously a non-executive director of ShareSoc. Twitter: Leon Boros @Boros10  

Rosemary Banyard began her career with James Capel & Co where she was a senior investment analyst for 12 years before becoming a fund manager at AIB Govett. She rose to prominence and developed a reputation as one of the leading female fund managers in the UK after she joined Schroders in 1997. For almost 20 years she was known for running the acclaimed Schroder UK Smaller Companies Fund  with Andy Brough, and was for many years lead manager of the award-winning Schroder Mid Cap Fund PLC as well as heading up several other segregated UK equity mandates, managing total assets of circa £1 billion. In 2016 she joined Sanford DeLand to launch and manage the Free Spirit Fund. The Schroder UK Mid Cap trust returned 16%[1] pa while she was manager and in her two and a half years managing money at Sanford DeLand the Free Spirit Fund returned 31%[2] placing it in the top decile of the IA UK All Companies sector.

[1] Schroder UK Mid Cap Fund plc,  1st May 2003 to 31st March 2016. (Lead manager).

[2] Sanford DeLand Free Spirit Fund, 3 January 2017 to 30th June 2019

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.

Edward Croft is co-founder and CEO of Stockopedia.com. He previously worked as a wealth manager at Goldman Sachs and for a family office before founding Stockopedia. Ed graduated from Oxford University with first-class honours in Chemistry, is a Chartered Financial Analyst and Zend-Certified PHP Engineer.

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.

Specialist insights

Steve Clapham

Stephen Clapham of investment research and training consultancy Behind the Balance Sheet will be here again with the third 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.

Steve will also launch his book, The Smart Money Method, How to Invest Like a Hedge Fund Pro, and there is a free competition to enter to win one of three giveaway copies. The questions are good fun, too, so be sure to enter at Behind the Balance Sheet

Behind the Balance Sheet is an investment research consultancy which creates bespoke research for large institutional investors and produces training programmes for their analysts and portfolio managers. The firm was founded in 2012 by Steve Clapham, who has 30 years of experience analysing and investing in equities. He spent some 20 years as a rated sell-side equity analyst before becoming a partner of a multi billion hedge fund in London in 2005.

An interview with leading fund manager, Rosemary Banyard

Rosemary Banyard began her career with James Capel & Co where she was a senior investment analyst for 12 years before becoming a fund manager at AIB Govett. She rose to prominence and developed a reputation as one of the leading female fund managers in the UK after she joined Schroders in 1997. For almost 20 years she was known for running the acclaimed Schroder UK Smaller Companies Fund  with Andy Brough, and was for many years lead manager of the award-winning Schroder Mid Cap Fund PLC as well as heading up several other segregated UK equity mandates, managing total assets of circa £1 billion. In 2016 she joined Sanford DeLand to launch and manage the Free Spirit Fund. The Schroder UK Mid Cap trust returned 16%[1] pa while she was manager and in her two and a half years managing money at Sanford DeLand the Free Spirit Fund returned 31%[2] placing it in the top decile of the IA UK All Companies sector.

[1] Schroder UK Mid Cap Fund plc,  1st May 2003 to 31st March 2016. (Lead manager).

[2] Sanford DeLand Free Spirit Fund, 3 January 2017 to 30th June 2019

Company Presentation – Aquis Exchange PLC

Aquis Exchange PLC is an exchange services group, which operates pan-European cash equities trading businesses (Aquis Exchange), growth and regulated primary markets (Aquis Stock Exchange/AQSE) and develops/licenses exchange software to third parties (Aquis Technologies).

Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and France’s Autorité des Marchés Financiers to operate Multilateral Trading Facility businesses in the UK and in EU27 respectively. Aquis operates a lit order book and does not allow aggressive non-client proprietary trading, which has resulted in lower toxicity and signalling risk on Aquis than other trading venues in Europe. According to independent studies, trades on Aquis are less likely to lead to price movement than on other lit markets. Aquis uses a subscription pricing model which works by charging users according to the message traffic they generate, rather than a percentage of the value of each stock that they trade.

Aquis Stock Exchange (AQSE) is a stock market providing primary and secondary markets for equity and debt products. It is authorised as a Recognised Investment Exchange, which allows it to operate a regulated listings venue.

Aquis Technologies is the software and technology division of Aquis Exchange PLC. It creates and licenses cutting-edge, cost-effective matching engine and trade surveillance technology for banks, brokers, investment firms and exchanges.

Aquis Exchange PLC (AQX.L) is listed on the Alternative Investment Market of the LSE (AIM) market. For more information, please go to www.aquis.eu 

Alasdair is the founder and CEO of Aquis Exchange PLC. The Company, which is listed on AIM, is a leading exchange services group. It operates a pan-European MTF business (Aquis Exchange) covering stocks from 14 European countries and also develops and licenses exchange software and services to third parties (Aquis Technologies). In March 2020, Aquis acquired the primary listings business NEX Exchanged and rebranded it Aquis Stock Exchange (AQSE).

Alasdair is the former CEO of Chi-X Europe and was responsible for growing the business into Europe’s largest equities exchange and into profitability before its sale in late 2011. Prior to that, he spent 11 years heading up ITG’s international business, pioneering the introduction of electronic trading and crossing into the European and Asian marketplaces. Alasdair began his 30 plus-year career in the City with Morgan Grenfell and has held senior positions at a number of investment banks including HSBC and UBS.

Gamechangers – which company is transforming this month?

The second 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. 

Company Presentation – Ten Lifestyle Group plc

Ten Lifestyle Group plc is a leading technology-enabled, global concierge platform, helping wealthy and mass affluent individuals and their families to discover, organise, and enjoy dining, live entertainment, travel and premium retail with better results and quicker than they could themselves.

Underpinned by industry-first technology, Ten provides its services to more than 2 million members 24/7, 365 days a year, worldwide. Ten’s services are available through branded partners including HSBC Jade, Coutts, Royal Bank of Canada, China Merchants Bank, SMTC, Westpac and SwissCard. By providing concierge, our corporate clients get a return on investment from better customer acquisition through to retention and over time, increased card spends, assets under management and Net Promoter Score. 

Founded in 1998, the business listed on the AIM market of the London Stock Exchange in November 2017 (AIM: TENG). Ten Lifestyle Group’s vision is to become the most trusted service platform in the world

Alex Cheatle founded Ten in 1998 to become the world’s most trusted service business. Prior to Ten, Alex was a marketing manager at P&G and studied PPE at Oxford. He sometimes speaks at schools and reports that teenagers often understand the Ten model quicker than many 50-year old businessmen.

QQ – Quickfire Questions

Edwyn Newman is a Chartered Electronics Engineer and a former Group MD in Thorn-EMI, at a time when it was the 18th largest company in the FTSE.  His professional career came to a halt in 2002, after three redundancies, at which point he decided he was fed up with building successful businesses for other people and that he would instead spend his time investing his own savings. 

Edwyn joined the Motley Fool in 2002, posting as KingMcKong, and initiated a series of regular investor dinners in Edinburgh, mainly, but not exclusively, attended by Scottish Fools. He has tripled his portfolio since then, using a mixture of pinching ideas, sticking a pin into the FT and dumb luck. He is a genial character who will be well known to TMF posters and Mello attendees.

KingMcKong

Andrew Robinson is third generation running a food and drinks distribution business in Yorkshire. He has been company secretary since 1999 as well as a director of two other companies. His back ground is finance and accounting.

An investor for over 35 years, the secret is simple ….. make sure the winners are greater than those that go wrong.  Married to Hilary a successful children’s author and BBC producer he has 2 daughters who both work in the City of London. One for the government and the other at Dulwich college.

Contact Andrew via Twitter @castlefordtiger or ADVFN Castlefordtiger