Monday 27th September 2021, 6pm – 9.30pm
6.00 pm Welcome and Mello News
6.05 pm Stockopedia’s IPO Survival Guide
6.30 pm Company presentation by Jupiter Emerging & Frontier Income Trust Plc
7.10 pm Andrew Hollingworth, Fund Manager
7.20 pm Company presentation by Galliford Try
7.50 pm Will Woodward Book review 8.00 pm David Stredder interviews Dorian Gonsalves CEO at Belvoir Group PLC
8.15 pm BASH Panel
Interview with CEO, Dorian Gonsalves, Belvoir Group plc
David Stredder interview with Dorian Gonsalves, Chief Executive of Belvoir Group on the Property Market in 2021 and beyond.
Dorian has extensive experience in the property industry having spent seven years with Countrywide before joining Belvoir in 2005 as Business Development Manager. Appointed Sales Director a year later and subsequently Chief Executive Officer, Dorian also spent five years as a director of The Property Ombudsman. Dorian has a deep understanding of franchising and the strategic vision to deliver a successful franchise operation.
Company Presentation – Jupiter Emerging & Frontier Income Trust Plc (LON: JEFI)
Jupiter is a specialist, high conviction, active asset manager. We exist to help our clients achieve their long-term investment objectives. From our origins in 1985, Jupiter now offers a range of actively managed strategies available to UK and international clients including equities, fixed income, multi-asset and alternatives. Jupiter is a constituent member of the FTSE 250 Index, and has assets under management of £60.3bn /$83.4bn /€70.3bn as at 30/06/2021.
Independence of thought and individual accountability define us. Our fund managers follow their convictions and seek those investment opportunities that they believe will ensure the best outcome for our clients. They do this through fundamental analysis and research, a clear investment process and risk management framework, with a focus on good stewardship.
Ross Teverson, Head of Strategy, Global Emerging Markets
Ross is a Fund Manager and Head of Strategy in the Global Emerging Markets team. He joined Jupiter in November 2014. Before joining Jupiter, Ross worked for 15 years at Standard Life Investments, where he managed a global emerging markets equity fund. Ross spent seven years in Standard Life Investment’s Hong Kong office, where he managed an Asian equity fund and was a director of the business. He began his investment career in 1999. Ross has a degree in Geography and is a CFA® charterholder.
Company Presentation – Galliford Try plc (LON:GFRD)
Galliford Try is one of the UK’s leading construction groups, working to improve the UK’s built environment, delivering positive, lasting change for the communities we work in on behalf of our clients.
Our business operates mainly under the Galliford Try and Morrison Construction brands, focusing on areas where we have core and proven strengths, namely in Building, Highways and Environment. We see long-term growth and appropriate margins in these markets.
Our company is founded on our values of excellence, passion, integrity and collaboration, and our vision is to be a people-orientated, progressive business, driven by our values to deliver lasting change for our stakeholders and the communities we work in.
Andrew Duxbury – Finance Director
Andrew Duxbury was appointed Group Finance Director in March 2019. Andrew joined Galliford Try in March 2012 as Group Financial Controller and from 2016, held a number of operational finance roles, including Finance Director of Linden Homes. Andrew is a Fellow of the Institute of Chartered Accountants and, prior to joining Galliford Try, he worked for PwC.
Ed Croft’s IPO Survival Guide
One of the most important measures of a healthy stock market is the number of companies that choose to float and raise new money from investors. Company IPOs – or initial public offerings – are vital to maintaining the depth, diversity and efficiency of the market. But are they really worth investing in?
This summer, Stockopedia set out to answer that with our new IPO Survival Guide. We wanted to discover how IPOs have performed in recent years and what investors should consider when it comes to buying into them. Using data covering 258 IPOs across the UK stock market between 2016 and 2021, we can now reveal:
• How do IPOs perform over both the short term and long term?
• Is there a difference in performance between high profile large-cap IPOs and less promoted small-cap IPOs?
• Do IPOs in certain economic sectors perform better than others?
• Does exposure to factors like Quality and Value improve the chances of success with IPOs?
• The importance of the issue price and whether the first day ‘pop’ really exists
• What investors should avoid when it comes to buying into IPOs
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.
Mello Annual Pass holder and investor William Woodward reviews John Neff on Investing by John Neff.
Will Woodward, Private Investor
John Neff is a life-long contrarian, proving time-and-again over the past three decades that bucking the system can pay off big. During his illustrious career as a money manager, Neff flew in the face of conventional wisdom by consistently passing over the big growth stocks of the moment, in favor of inexpensive, under performing ones-and he usually won. During his thirty-one years as portfolio manager for Vanguard’s Windsor and Gemini II Funds, he beat the market twenty-two times, through every imaginable stock market climate, while posting a 57-fold increase in an initial stake. When Windsor closed its doors to new investors in 1986, it was the largest mutual fund in the United States.
Now retired from mutual fund management, Neff is finally ready to share the investment strategies that earned him international recognition as the “investor’s investor,” and made him the one to whom other money managers come to manage their money. In John Neff on Investing, Neff delineates, for the first time, the principles of his phenomenally successful low p/e approach to investing, and he describes the strategies, techniques, and investment decisions that earned him a place alongside Warren Buffett and Peter Lynch in the pantheon of modern investment wizards.
The Mello BASH (Buy, Avoid, Sell & Hold)
The MelloBASH features a mix of Fund Managers and Private Investors including Kevin Taylor, Edward Roskill and Jack Brumby. 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. Do let us know which companies you’d like analysed in future MelloMonday BASH panels by emailing email@example.com.
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.
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.
Hardman & Co is a multi-disciplinary financial consultancy and investment research firm, employing highly experienced analysts and professionals with a broad range of capital markets expertise.
Click here for Hardman & Co research.
Progressive introduces you to new investment ideas. FCA authorised and regulated, we provide freely available equity research and connect investors with companies across every sector of the market.
Click here to receive our research and be invited to our regular investor events.