Results Round Up, Thursday 14th October 2021, 1pm – 5.30pm
1.00 pm Welcome & Company presentation by Avation plc
1.35 pm Results Review Part 1 with Mark Simpson
1.50 pm Company presentation by On The Market
2.20 pm Spreadbetting Q&A with Spreadex
3.00 pm Company presentation by NetScientific plc
3.40 pm Book Reviews with Roger Lawson from ShareSoc and Andrew Latto of FundHunter
4.00 pm Company presentation by Crimson Tide
4.30 pm David interviews Steve Clapham
4.45 pm Results Review Part 2 with Richard Crow
5.00 pm Company presentation by Trinity Exploration & Production
Company Presentation – On The Market plc (LON: OTMP)
The AIM-listed OnTheMarket plc is a leading UK property portal, majority-owned by estate and lettings agents, delivering a premier property search service through OnTheMarket.com. The portal, launched in January 2015, was established and supported by leading UK estate and lettings agents as an alternative to other portal providers and is now firmly established as one of the largest portals in the UK residential property market in terms of visitor traffic. The portal offers full functionality and value-adding services to customers at sustainably low pricing, providing growing customer leads to its expanding agents and new homes developers audience. Agent backing and support enable OnTheMarket to display “New & Exclusive” properties to serious property-seekers 24 hours or more before agents release these properties to other portals.
Jason Tebb, CEO
Jason Tebb was appointed CEO of OnTheMarket plc in September 2020 and took up his post on 14 December 2020. Jason has an extensive background in the property and estate agent sectors over a 19-year career. His most recent post was Chief Operating Officer of Ultimate Holdings Group (UHG), a group of companies specialising in property investment and finance, property management, property development and property technology with a turnover in excess of £150m.
As COO of UHG, a position he held for three years, Jason oversaw the growth of a number of leading companies including Go Develop, a UK funding provider for SME housebuilders, Ultimate Capital, which provides short-term financing to housebuilders and developers, and Blewbury Homes, a bespoke housebuilder with eight current live schemes across the UK.
Prior to this, Jason was Regional Managing Director for LSL Property Services plc, one of the largest estate agent chains in the UK, as well as holding key roles at Foxtons and Chesterton Humberts over a ten-year period. Jason also successfully launched, scaled and exited Ivy Gate, a bespoke estate and letting agency.
Jason’s extensive background at a variety of leading estate agents offers the ideal foundation for OnTheMarket’s unique agent-ownership structure, close client interaction and plans for future growth. He takes over from CFO Clive Beattie, who had held the post of Acting CEO until Jason took up his post.
Clive Beattie, CFO
Clive joined the business in March 2017. Having qualified as a chartered accountant with PriceWaterhouse he spent 12 years working in investment banking with UBS before working six years at ThruVision, a security technology business, initially as CFO and then also as CEO. Clive then spent three years as CEO/CFO at Croft Associates, a business specialising in containers for the transport and disposal of radioactive materials.Interviews – videos and podcasts
Company Presentation – Avation plc (LON:AVAP)
Avation PLC is a commercial passenger aircraft leasing company that was incorporated in England and Wales in 2006 and whose shares are admitted to the standard segment of the UK listing authority’s official list and are traded on the Main Market of the London Stock Exchange (LSE: AVAP).
Avation owns and manages a fleet of aircraft which it leases, through its subsidiaries, to airlines across the world. Our customers include Loganair, Air France, easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, Garuda Indonesia, Galistair, airBaltic and Danish Air Transport. The company’s fleet includes Airbus A320 and A220 aircraft, Boeing 737 NG and 777-300ER aircraft and ATR 72 aircraft.
Mr Richard Wolanski, B.Comm, ACA, is a Chartered Accountant and his qualifications include a Bachelor of Commerce from the University of Western Australia.
He has provided corporate, strategic and financial advisory assistance to public companies in Australia, Singapore and the United Kingdom. Mr Wolanski has significant corporate experience during his career serving in a range of Executive Director and Chief Financial Officer Company roles. In his current role as Finance Director at Avation PLC, he is primarily responsible for maintaining access to equity capital.
Company Presentation – Trinity Exploration and Production plc (TRIN)
Trinity is an independent oil production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity’s portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its nine licences and, across all of the Group’s assets, management’s estimate of the Group’s 2P reserves as at the end of 2020 was 19.55 mmbbls. Group 2C contingent resources are estimated to be 31.06 mmbbls. The Group’s overall 2P plus 2C volumes are therefore 50.61 mmbbls.
Nicholas is British and has provided strategic and corporate finance advice to, and has been a Non-Executive Director of, numerous public and private oil and gas companies since 2007. Prior to that, he held a series of senior oil and gas corporate finance roles, including Global Co-Head of Oil and Gas Corporate Finance for Canaccord Adams and Global Head of Oil and Gas Corporate Finance for Dresdner Kleinwort Wasserstein.
He started his career with BP, before moving into financial services where he specialised in the oil and gas sector. He brings to the Board 37 years of experience within the oil and gas sector both as a practitioner, a director, and as an adviser. He currently serves as a Non-Executive Director of Alpha Petroleum Resources Limited. Nicholas is the Chairman of Trinity’s Remuneration Committee and a member of the Audit Committee.
Executive Director / Chief Executive Officer
Jeremy is a Trinidadian and is a qualified accountant (Chartered Institute of Management Accountants (“CIMA”), 2006) with a BSc. in Management Studies from the University of the West Indies (2000). Prior to joining Trinity in 2012, he worked in financial services at PricewaterhouseCoopers (T&T) and Operis Group plc (London), mainly in an advisory role on various transactions across a number of jurisdictions.
In the past 8 years with Trinity, he has held roles across the Financial, ICT and supply chain disciplines and assumed the role of CFO of Trinity in January 2016 and combined dual role of Managing Director effective March 2019.
Company Presentation – NetScientific plc (LON: NSCI)
NetScientific Plc is a holding company, that invests in, develops, commercialises and realises shareholder value in life sciences/healthcare, sustainability and technology companies, which offer significant growth potential in predominately the UK and USA, as well as globally.
The Group leverages trans-Atlantic relationships and global opportunities to deliver shareholder value. NetScientific looks to maximise shareholder returns through focused execution of its investment strategy with current portfolio companies, and targeted investments in existing and new investments.
NetScientific develops a customized investment and realisation strategy for its portfolio companies by adding value through management, incubation, advisory services and fund-raising support.
The group facilitates the companies it works with, to access the right type of funding, proactive management support and resources specific to their sector, stage of development and available opportunities.
Dr Ilian Iliev, Chief Executive Officer
Ilian founded EMV Capital (EMVC), a corporate finance and VC investment firm acquired by NetScientific in August 2020, upon which he became CEO of NetScientific PLC.
EMVC is a London-based investor in the industrial sustainability, industrials and healthcare sectors. EMVC’s investments in Europe, Israel and the US cover a range of technologies including robotics and AI, machine learning, materials science, IoT, advanced engineering, power electronics and medical devices. Prior to that he co-founded and was CEO of CambridgeIP Ltd, which he built into a leading market and technology business intelligence provider in the UK. He is a Board member at a number of Net Scientific and EMVC portfolio companies, including PDS Biotechnology Inc., Glycotest Inc., Sofant Technologies, Pointgrab, Q-Bot, Wanda Health, and also serves as Executive Chairman at Vortex Biosciences Inc. Ilian holds a PhD from Cambridge University ’s Judge Business School, focused on Venture Capital business models in emerging economies, Mcom in Economics, and BA in Politics, Economics and International Relations from the University of Witwatersrand, South Africa. He has published widely on entrepreneurship, venture capital, and market trends in energy and healthcare, and has won awards for academic excellence.
John Clarkson, Executive Chairman
John is an experienced business professional and qualified accountant, who had a successful early career working in various financial, audit and management positions in the UK and overseas. John then completed a full time MBA at Cranfield University, before moving into management consultancy with Deloitte Haskins + Sells. There he provided a range of business and consultancy services to various public & private sectors organisations and blue-chip clients. He established a management strategy/ performance improvement service and founded a construction, real estate and project management group. John was partner in charge of the developing services consultancy division in Coopers Deloitte (now PWC). He left the firm to create a private hotel group in North America, but then took on the role of vice chairman of Laura Ashley Inc. based out of Boston, USA, with a worldwide remit for restructuring, cost reduction and business turnaround. John brings many years of commercial expertise in leadership roles, including that of CEO, Chairman and Non-Executive Director. He has been a member of a number of business and professional groups and has written articles and undertaken speaking engagements in both the UK and Europe. John is a Fellow of the Association of Chartered Certified Accountants, a qualified Public Finance Accountant, a Fellow of the Institute of Consulting and Chartered Manager. He is an active investor in start-ups, high-tech and growing businesses, where he has been involved in strategy development, fundraising, contract negotiations, remuneration and corporate governance arrangements. In addition to his responsibilities as Executive Chairman of NetScientific/EMVC, John is actively involved in the portfolio companies, in particular as Chairman of ProAxsis, and Non-Executive Director of Glycotest and SageTech.
Book reviews featuring Roger Lawson and Andrew Latto
Roger Lawson from ShareSoc reviews Terry Smith’s classic book Accounting for Growth
Andrew Latto of FundHunter reviews Roger Lawson’s book Business Perspective Investing
Company Results Reviewed by Richard Crow and Mark Simpson