I have also repeated the bit about the Duxford Aerodrome Event on the day before - Monday 25th June - everyone is invited and it will be a fun day out I am sure.
Full disclosure, I am taking no commission or anything from David. He is a mate and we regularly chat about Stocks (he is an excellent Investor) and I am merely helping get the word around about the Event he is organising. It is up to Readers if they want to go or not and it could be a decent chance to talk to the Directors of some interesting quality companies.
West country manufacturer Gooch & Housego GHH are also going to be at ALPHA Investor Forum. This is one of AIM's most successful companies. The company has a £330m market capitalisation and enjoys a net cash position. Sales have increased every year for the last five years and the dividend has been increasing since 2011. Stockopedia awards the shares a Quality Rank of 95. Gooch & Housego shares are a longstanding favourite of famed private investor John Lee and it is not difficult to see why.
Legal firm NAHL (NAH) has had a mixed time on the markets since its 2014 IPO on AIM. The company has been forced to adjust its business model in response to regulatory changes around personal injury claims. However, the company has always been profitable and dividend paying. Even though a dividend cut is forecast for 2018, as the business shifts to a new 'Alternative Business Structure', a legal business that may be owned by outsiders (such as NAHL shareholders) rather than a group of lawyers in partnership. According to the consensus forecasts, NAHL stock looks very cheap. The 2018 forecast P/E is 6.9 with the expected yield being a chunky 7.4% (even after that dividend cut). Both CEO and FD are going to be at ALPHA Investor Forum in June so this is an excellent chance to get the inside track on what looks like a real bargain share.
The fourth company presenting is Learning Technologies Group LTG. There has been a lot of excitement around this company in recent years. The shares have approximately four-bagged in the last three years. The company is, as you would expect, a provider of online learning and testing software. Andrew Brode is Chairman of the company. Mr Brode is one of Britain's most successful business people, famed for his stake in RWS. CEO Jonathan Satchell will be representing the company on the day. Mr Satchell owns 17% of Learning Technologies Group. The most recent results from the company saw a 74% increase in adjusted diluted EPS and a 43% dividend hike.”
For the last couple of Years we have been holding the ‘Wheelie Bash’ in the vicinity of Windsor and it tends to be later in the Summer around September time for various logistical reasons. This has been a huge success and a really fun Day for all concerned and it looks set to become a regular feature of the UK Social Calendar (up with things like Trooping of the Colour, Wimbledon and the Boat Race), but the drawback is that we have plenty of Summer Months before to exploit and for more Northern based Readers it is not so easy to get to.
With that in mind, I have been thinking about arranging some sort of other informal event in the Summer and those of you with extra pinsharp memories may recall that last year during the Summer I met up with a couple of mates Steve and David (same chap !!) (@LairdElmski and @aimprospector on the Tweet machine) at Duxford Aerodrome (or is it an Airfield?) just off the M11 outside Cambridge and it struck me as a very cool place to meet people who are based up around there and at the same time the Museum bits are superb (especially the American Hanger with the stunning SR71 Blackbird).
Therefore, we will be doing a ‘Meet-up’ at Duxford Airfield/Dromey thing on Monday 25th June and I am expecting to get there myself around 12 Noon ish but because it is a proper full on Museum, anyone who is coming to join us can just turn up when they like and if you are early then take the chance to have a browse around the Planes etc. There is an Admission Price (not much) to get in but it stays open to about 6pm I think and there is a huge Car Park if you are driving there. Once I get through the Turnstile I will head for the Canteen/Restaurant bit and hopefully if the weather is nice we will be able to sit outside. Here is a link to the place:
As always everyone is invited and it would be brilliant to see you there - the more the merrier and all that !! Don’t worry if you have only been doing Shares for a short time - everyone is welcome and these kind of events are just a great chance to meet other like minded lunatics and to build relationships which can help you hugely.
This date was not chosen entirely at random - it happens to be the day before David is arranging an Investor Event in Cambridge with several Companies presenting including:
- Big Yellow Group BYG
- Cambridge Consultants
- Gooch & Housego plc GHH
- Learning Technologies Group plc LTG
- NAHL Group plc NAH
- Norman Rentrop
- Richard Power.
A few of these I know nothing about but I have to say that BYG, GHH, NAH and LTG are all decent businesses and could be worth knowing more about. Sadly I will not be at that Event myself because I cannot do 2 days on the trot due to Health complications !!
You can see details of the Event here:
The Charge for the Event is normally £159 but if you use this Link then you can attend for £124.99.
Some thoughts from myself about the Companies at David’s Cambridge Forum thing
Big Yellow Group BYG
This is a sector I have been intrigued by for years (probably watching too much ‘Storage Wars’ on Discovery !!) and a while back I had Shares in Safestore SAFE but being really daft I sold them far too early. BYG is the ‘Big Daddy’ and extremely good at marketing itself simply by having huge Yellow Sheds which everyone sees as they drive around the UK. BYG is certainly a Quality Company but it is not ‘cheap’ as we will see in a mo - but if you want a ‘Bargain’ then perhaps the much smaller Lok ‘n Store LOK is the one to look at.
One of the beauties of this Sector is that People tend to stick stuff into Storage “for a few months” and invariably they forget all about it and the stuff (for which read ‘Junk’) stays in the Shed for years and years and the Customer keeps paying by Direct Debit and either forgets to cancel the Direct Debit and/or simply has better things to do than go sorting the stuff out (which by now probably stinks to kingdom come). The trend to smaller Homes and no Garages has exacerbated this problem of nobody having room and this is driving demand for Space at Storage Centres. It is another classic example of the UK following the USA in everything but with just a 10 or 15 year time lag - sadly this applies to Gang Crime as well…..
I have been a Subscriber to the superb ShareScope Software for millions of years (you should have seen it in the Stone Age - basic or what?!!) and a while back I started paying something like 50 squids extra to get access to SharePad as I can do that quickly on my Tablet and it saves me beaming up the Netbook (which I tend to delay until the Evening as a special treat). Anyway, the more I use SharePad the more I am impressed and they are constantly improving it and making changes - as they have always done with ShareScope. It is obvious that as time goes on they are moving SharePad to being the Platform for Long Term Investors and perhaps ShareScope is more focused on Short Term Traders - I am cool with that and I can see a future where I stop using ShareScope and totally switch to SharePad only - although that is a big psychological step !!
So, what I am trying to say is that here are some SharePad ScreenScrapes which should give the info we want but also give Readers more visibility of SharePad and also doing this gets me more used to using it because I simply don’t use it enough at the moment to really get the hang of how to fully exploit it. As always, if you click on the Pics they should grow bigger so you can see some detail.
The Screen below is one I always go to first when I look at a Stock because it is entirely configurable with millions of Columns and I have set these up because they are things that give me a very quick ‘Triage’ of some essential stuff for the way I invest. As you can see, BYG is on a Forward P/E 2 years out of 23.2 so I would not call it ‘cheap’ but of course you have to pay up for Quality. With a Forecast Dividend of 3.2% it is not a bad Divvy and the 2 Year Forecast is 3.4% - again, nice numbers. I would expect this to be a pretty reliable Dividend Payment although I do remember in the Credit Crunch that all Storage Stocks got hammered but then again every Stock got beat up !!
I couldn’t really remember what these guys do so I went over to the ‘News’ bit on SharePad and found this which is the most recent Trading Update.
My ‘List’ Screen is below (note, if you are a ShareScope user then this is extremely similar to how the List Screen on ShareScope works - maybe that is why I like it !!) and you should be able to see a Forward P/E 2 Years out of 22.7 and a Forward Divvy for 2 Years out of 0.9. With numbers like that GHH is clearly being seen by the Market as a Growth Stock (not much Income here folks !!) but that is fine as long as it delivers and the Update we just saw was very impressive. It says ‘Net Borrowing’ of -14.9m which means that at the last Results GHH had Cash of 14.9m which in effect means the true Forward P/E Ratio is lower than it appears by a bit - and of course Cash means a decent Balance Sheet (usually !!) and increases and Investor’s ‘Margin of Safety’.
Of the Stocks we are looking at here this is perhaps the least interesting to me in business terms (although as we will see it could be the most appealing in terms of Valuation) and it is very connected to Personal Injury Claims and stuff like that - it used to be called National Accident Helpline and it still runs that business but it also does some Property Stuff as well like Conveyancing and some Marketing Services.
First off we have the List Screen and you should be able to see a Forward P/E 2 years out of 6.2 and a Forward Divvy 2 years out of 8.1%. On the face of it, these are highly appealing numbers to a Value Investor. Note there is £12.1m of Debt shown here.
200p looks a difficult Resistance Level to get over - once it cracks that, it would suggest more gains to come.
This time we are starting with the LTG Chart because I am so peed off I missed this !! I even wrote it in my ‘Little Black Book’ a while back and put it on the ‘WheelieBin’ page as usual but I didn’t buy it myself. Gutted I tell you.
Anyway, it is still extremely bullish from a Chart viewpoint.
OK, I will leave it there. I hope this gives some insights into 4 potentially interesting Companies (or ones you already hold !!).