MelloMonday, 10th June 2024, 5.30pm - 8.00pm
Programme
5:30pm Gervais Williams of Premier Miton presents UK Breakout – What Next?
6:00pm Company presentation by Impax Asset Management
6:30pm Company presentation by REACT Group plc
7:00pm BASH Panel featuring Mark Simpson (Ramsdens RFX) and Kevin Taylor (Polar Capital POLR)
Gervais Williams, Head of Equities at Premier Miton Investors presents UK Breakout – What Next?
Head of Equities at Premier Miton Investors
Fund Manager: The Diverse Income Trust plc, Miton UK MicroCap Trust plc, Premier Miton UK Multi Cap Income Fund, Premier Miton UK Smaller Companies Fund
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 President of the Quoted Companies Alliance. He was a member of the Patient Capital Review panel with the Chancellor of the Exchequer six 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).
Company Presentation – Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with approximately £39.6 billion as of 31 March 2024 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 approximately 300 employees across its offices in the United Kingdom, the United States, Ireland, Japan 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. 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, and is a board member of the Institutional Investors Group on Climate Change, the European membership body for investor collaboration on addressing climate change. He is also a commissioner with the Energy Transitions Commission, a global coalition of leaders developing transition roadmaps to achieve net-zero emissions. 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. He supports charities in the clean energy, healthcare and a range of scientific and environmental sectors.
Ian has a first-class honours degree in physics from Cambridge University and a Master’s in Public Administration from Harvard University.
Company Presentation – REACT (LON: REAT)
REACT Group plc is the UK’s leading specialist and contract cleaning business. A consistent business performer
A strong consistent performer year after year, with 87% contracted recurring revenue, an average organic growth rate of 24% per year over the last 4-years, converting 43% of its gross margin into £2.3m of operating profit for year ending 30th September 2023, which in-turn generated a free cashflow of £2.1m and an FCF yield of just over 14%.
REACT Group operates with three divisions: LaddersFree, one of the largest commercial window cleaning businesses in the UK; Fidelis Contract Services (“Fidelis”), a contract cleaning and facilities maintenance business; and REACT business, which primarily provides a solution to emergency and specialist cleaning situations, both through long-term framework agreements and on an ad-hoc basis
Spencer Dredge, Chief Financial Officer
Appointed January 2024, following a 5-month period working within the business on transformation projects. Spencer is a seasoned finance professional and a chartered management accountant with significant experience operating in mid-sized UK and global businesses
Shaun Doak, Chief Executive Officer
Appointed February 2020 having joined the group in March 2019 as Managing Director of REACT Specialist Cleaning with a proven track record of growing businesses in the specialist cleaning, facilities management and HVAC services sectors.
Mark Braund, Chairman
Appointed December 2020 having worked with the Group as its strategic & operational advisor throughout the turnaround period. Mark has a strong track record of leading teams through sustainable and profitable change and materially improving shareholder value. Mark has significant experience across a number of business sectors, both UK and overseas. He has been the CEO of two AIM listed businesses, the most recent being RedstoneConnect Plc., leading the team through a well-documented turnaround, the profitable sale of legacy assets and the development/carve-out of an exciting software technology business, now known as Smartspace Software Plc.
The Mello BASH (Buy, Avoid, Sell, Hold)
Mark Simpson Professional Investor
Kevin Taylor Private Investor
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