Stockopedia StockSlam - November 2018

Monday, Dec 03 2018 by
26

Last week I had the great pleasure of hosting the latest Stockopedia StockSlam at Mello London. To my mind this made for a perfect pairing; a day of intense, captivating presentations followed by a more lighthearted hour of fun courtesy of other private investors. In addition I'm very aware that the previous StockSlams have all taken place in Central London and this understandably excludes many people who'd like to attend; fortunately Mello draws investors from across the country (and further afield) and I know that for many people this was their first experience of a StockSlam.

Fortunately we had a great line-up of presenters for the evening with some really excellent ideas for investment. As Stockopedia made sure to record the event, and then have everything transcribed, what follows is pretty much a verbatim record of the event.

Hopefully this provides a flavour, for everyone who couldn't make it, of what it's like to take part in a StockSlam. Unfortunately you don't get any pizza with this write-up but you will if you manage to make it to a StockSlam in 2019!

Cheers,

Damian

Focusrite (TUNE)

Ok so, what do we have here, Focusrite. As you can see mid-cap company, £285m market cap reasonable stock rank 75, looks pretty decent to me. Now what does this company do? It's an audio products company. They do hardware, they do software. They allow people from amateurs to professionals to record their music, they also provide keyboards for electronic artists, they are very well known in this industry. They have been doing it for around 30 years.

They started targeting professionals, so they know what they're doing. They have found loads of amateurs to broaden their customer base and they now sell in something like 160 countries. So they're a global company selling high-end to mid-end audio products. They are still run by their founder Phil Dudderidge; he is the chairman of the company and he still owns 38% of the shares.

Now the company hasn't been listed that long, it listed in 2014. This was mainly so that Phil and other members of the team could realise some of their investments. Phil at that point had 53% of the shares. Now there's a pretty consistent track record of growth and profitability in this company; net profits have been steadily growing and the top line has been steadily growing. A reasonable bit of…

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As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


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Focusrite Plc is a music and audio products company supplying hardware and software products used by professional and amateur musicians. The Company is engaged in the development, manufacture and marketing of professional audio and electronic music products. It operates through three segments: Focusrite, Novation and Distribution. The Focusrite segment includes the sales of Focusrite branded products. The Novation segment includes the sales of Novation branded products. The Distribution segment includes distribution of third-party brands, including KRK speakers, Ableton, Stanton, Cakewalk and sE Electronics. The Company sells its products in approximately 160 territories and countries around the world. The Company offers Scarlett, which is an audio interface; Blocs Wave application, which is used by musicians to create their own sounds and songs on any iPhone Operating System (iOS) smartphone or tablet, and e-commerce Websites. more »

LSE Price
452.5p
Change
 
Mkt Cap (£m)
263
P/E (fwd)
25.1
Yield (fwd)
0.8

Capital Drilling Limited is a drilling services contractor. The Company is engaged in offering a range of drilling services and solutions to mining and exploration companies, starting from the exploration phase of the mining cycle through to production. The Company operates through two segments: Africa, which provides drilling services, and Rest of world, which provides drilling services and related logistic, equipment rental and Information Technology (IT) support services. The Company also provides survey and information technology services for mining and mining exploration companies. For exploration, drilling services are focused on diamond core, air core, reverse circulation and deep hole diamond; for mine development, its drilling services are focused on paste holes, geotechnical, dewatering and reverse circulation, and for blast and production, its services are focused on grade control, blast hole, underground, rotary and pre-splits. more »

LSE Price
39.5p
Change
 
Mkt Cap (£m)
53.6
P/E (fwd)
9.4
Yield (fwd)
3.9

AFH Financial Group Plc is an Independent Financial Advisor and Discretionary Investment Manager. The Company is a financial planning led wealth management firm. It offers a range of wealth management and financial planning services to its clients, including but not limited to investment management; pension and retirement planning; tax and inheritance planning; life cover and family protection, and mortgages. In addition, the Company offers Discretionary Investment Management services and operates two funds, the MGTS AFH Tactical Core Fund and the MGTS St Johns High Income Property Fund, which supports the Company's investment management offering to its clients. It provides wealth management advice and services to the mass affluent and high net worth private client market in the United Kingdom, as well as to a number of companies. more »

LSE Price
356p
Change
 
Mkt Cap (£m)
149.7
P/E (fwd)
11.7
Yield (fwd)
2.4



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11 Comments on this Article show/hide all

Weasel 4th Dec 1 of 11
2

Thanks Damian. Always good to read the summaries, especially for those of us who can't make it.

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mojomogoz 4th Dec 2 of 11
3

Very good event again. Thanks for organising and all the pitchers for doing a grand job.

Would it be possible in future to put the name/handle of people who pitched beside their stock so as we can ask questions/follow etc?

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Damian Cannon 4th Dec 3 of 11

In reply to post #424533

Well I do have the names but not everyone who pitches a stock wants their name to be publicly visible. I'm not sure if there's an easy way to square the circle on this one without getting the presenters to sign some sort of waiver!

Damian

Blog: Ambling Randomly
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herbie47 4th Dec 4 of 11

Sopheon (LON:SPE) is now up 40% in the last month, Stockopedia figures. Some good companies were pitched IMO, I only hold shares in 3 of them.

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doug2500 4th Dec 5 of 11

I've just been having a look at Sopheon (LON:SPE)

Is the share count wrong on the stockreport? It says 10.3M at YE17 and 8.99M TTM

The last RNS seems to agree with 10M + so are the per share metrics on the report correct?

Can anyone enlighten me?

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Gromley 4th Dec 6 of 11
1

In reply to post #424543

Well I'm happy to own up to having pitched Filtronic (LON:FTC) and my pitch was essentially built around a post I made on the company in the summer.

I don know that at least one of the other pitchers doesn't post on the boards at all.

BTW - thanks Damian for organising this - my first and I thoroughly enjoyed it, so hope to be back in the future - maybe just to watch next time as I found I could remember very little of whatever everyone else pitched - so the write up is very useful too.

Regards,

Tony

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mattD 5th Dec 7 of 11
1

Great to see & revisit through Damian's notes... excellent all round effort. Looking forward to StockSlam in 2019...I think during our turbulent times we're going to find supporting each other very useful in the private investing world.

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Damian Cannon 5th Dec 8 of 11

In reply to post #424608

Thanks Tony. I too couldn't remember much about the pitches except that they seemed to go down well - too busy watching the clock! So I agree that having these notes is very useful for later reference.

See you in 2019,

Damian

Blog: Ambling Randomly
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sharw 5th Dec 9 of 11
2

The question regarding forecasts for Fulham Shore (LON:FUL) shows why I always double check Stocko on this item.

On 15/12/17 finnCap forecast revenue to 3/18 and 3/19 as 57.1 then 71.2 and FD adjusted eps as 0.6 and 0.7. finnCap have not covered the company since. Although we have since had resuts to 3/18 (revenue 54.7 eps 0.6) these figures are still shown as forecasts in Reuters from whom I believe Stocko gets its figures.

https://www.reuters.com/financ...


In the meanwhile house broker Allenby put out its most recent note on 28/9 with 2019 forecast revenue 58 and eps 0.45 cf 0.56 - i.e. a decline compared to Stocko's 809% rise. The latter does not compare like for like as Stocko makes adjustments to the prior year figures that the forecasts do not.

The note can be found here: http://www.allenbycapital.com/...

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leoleo73 6th Dec 10 of 11
1

I was curious about how the beatboxing during the Sosandar would be transcribed! Never mind, I suppose for some things you just have to be there.

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Damian Cannon 7th Dec 11 of 11

In reply to post #425318

Ha ha! The mini fashion show was definitely part of the live experience. All is not lost though as piworld filmed the event and perhaps some of this will make the final edit...

Blog: Ambling Randomly
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About Damian Cannon

Damian Cannon

Ex-rocket scientist, computer programmer, urban cyclist, calmer parenting advocate, high yield investor, yoga apprentice, genealogist and explorer of the outer bounds

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