ShareSoc Company Seminar - March 2019

Saturday, Mar 16 2019 by
8

After a long break over the winter it's a pleasure to meet some new companies and catch up with familiar faces. Given how tumultuous the markets have been, since my last seminar back in October, it's instructive to remember that there are lots of good companies out there doing good work. The key is finding them and I certainly regard these ShareSoc seminars as very helpful in that respect.

Ten Lifestyle (TENG)

According to Alex Cheatle (CEO) Ten Lifestyle want to become the world's most trusted service platform, working behind global brands. What this means is that they provide the concierge services that Coutts, HSBC Private Banking and other high-end brands provide to their customers. If you're one of these rich individuals then TENG will help you discover, organise and book travel, dining and entertainment better than you could do yourself. This is clearly an attractive proposition and businesses are willing to pay for the service (as are some members who subscribe directly). In fact when the business started 20 years ago in 1998 it was all about member subscriptions but of course it's hard to grow with a B2C model. The breakthrough came when they realised that companies would pay for the service in order to improve customer loyalty (which is important when your customers are affluent and HNWI). In addition suppliers like TENG because clients spend more, cancel less often and want premium products - which is why the group can uncover services that are unavailable elsewhere.

After coming to the market at 134p in November 2017 it's fair to say that the business hasn't delivered on its initial promise with the price today just 66p. The reason for this is that their new platform was very late launching and they had to find a new CTO while creating a more mature, experienced team. Now the platform is live and the business is global with dedicated sales resources in the USA and more products on offer. So they have, eventually, made good on their growth plans although the group is still not profitable due to this expansion. On one side, adding more international offices, costs should start to level off as they hit a high enough coverage level. On the other side, spending on technology, it's likely that costs will remain level because they have a solid team and the website needs to remain current. So I can…

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Ten Lifestyle Group Plc, formerly Ten Lifestyle Holdings Limited, is a United Kingdom-based technology enabled lifestyle and travel platform company. The Company is focused on providing direct access to cultural, gastronomic and travel service. The Company offers a range of platforms such as Ten platforms Ten MAID (Management and Information Delivery), Ten Data, and Ten Content. Ten platforms enables user to access all the benefits of lifestyle concierge in the palm. Ten MAID is the repository of the Company’s knowledge-based, booking system, workflow, performance management, CRM and Management Information reporting infrastructure. Ten Data is focused on leveraging technology and delivers reporting, analytics, insights, and predictive modeling to stakeholders within and outside the business. Ten Content is the editorial and personalized/targeted communications. more »

LSE Price
130.34p
Change
3.0%
Mkt Cap (£m)
102
P/E (fwd)
n/a
Yield (fwd)
n/a

Avacta Group plc is a biotechnology company. Avacta's focus is on its proprietary Affimer technology which is an engineered alternative to antibodies that has application in Life Sciences for diagnostics, therapeutics and general research and development. Affimer technology has been designed to address performance limitations of antibodies. Affimer technology is based on a small protein that can be generated to bind with specificity and affinity to a range of targets to enable diagnostics, research assays and therapeutics. Avacta has a pre-clinical therapeutic development programme with an in-house focus on immuno-oncology and bleeding disorders as well as partnered development programmes. Avacta is commercialising non-therapeutic Affimer reagents through licensing to developers of life sciences research tools and diagnostics. more »

LSE Price
26.93p
Change
-0.3%
Mkt Cap (£m)
31.4
P/E (fwd)
n/a
Yield (fwd)
n/a

ECSC Group plc is a United Kingdom-based information and cyber security service provider. The Company offers a range of cyber security solutions and services to the sectors, including education, retail, legal, financial and local authorities. It offers services to e-commerce start-ups and global organizations. Its PROTECT division delivers the ECSC PCI DSS certified Security Operations Centre, which supports around the clock services for clients wishing to outsource their cyber security device management. The ECSC SOC supports a range of ECSC LABS security appliances, along with its ECSC SELECT vendor products. Its consultancy services, part of the ECSC ASSURE division, offer advice on compliance to industry standards. It offers a range of testing services, both technical and non-technical, to uncover its clients' vulnerabilities and suggest an appropriate plan to resolve them. As part of its testing service line from ECSC ASSURE, it also certifies to Cyber Essentials requirements. more »

LSE Price
77.5p
Change
 
Mkt Cap (£m)
7.1
P/E (fwd)
23.0
Yield (fwd)
n/a



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2 Posts on this Thread show/hide all

jonesj 16th Mar 1 of 2
2

Thank you for the summary Damian, very comprehensive.

This was the first Share Soc seminar I visited and I must say the organization was excellent.

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Maddox 17th Mar 2 of 2
1

Excellent write-up Damian and four really interesting company presentations - really well worth attending this event.

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