Member Info for W13Ken

oRuin, it's probably the 38% sp increase in the last 6 months. It's still a 24% increase on their previous target though but brokers targets rarely tend to be bold.

Sage, I feel you're underestimating Draper by 2-3 years for that target but, if I'm right, at least you'll benefit from the early uplift. I thought I would be moving to less risky shares by now but there's no point replicating my pension funds.

https://www.proactiveinvestors.co.uk/companies/news/959878/iqgeo-group-lands-new-business-in-japan-for-typhoon-season-959878.html

JEFFERIES CUTS DRAPER ESPRIT TO 'HOLD' ('BUY') - TARGET 1,200 (967) PENCE

They had a change of CEO and that went pretty terribly. The main architect of their success is Steve Brown and he returned to head up accesso just before Covid kicked off. The quieter period during Covid allowed him to regroup, assess what needed to change and focus on the future and that is really paying off now with huge sp gains and a return to 2019 revenue already. Although it's climbed over 50% in the last month I did top up yesterday. H1 results next Tuesday so there should be some presentations and interviews to follow.

My ISA Top 5 in value order: GROW, K3C, ACSO, SEE & TM17.

Draper to buy 13% of spin-off...

"After seven years of quietly building banking experiences, Thought Machine’s creative arm, Cauldron, is being spun off as a standalone financial video game studio.

In what is likely one of UK fintech’s best-kept secrets, Cauldron has been releasing gamified apps including Nestlings and Nestlums, featured by Apple as an ‘App of the Day’, aimed at helping kids learn and manage their money.

Now the studio will be able to dedicate 100 per cent of its time to creating gaming experiences “within the finance industry and beyond”.

https://www.altfi.com/article/8301_hubble-bubble-toil-and-trouble-thought-machines-cauldron-spins-off-to-create-financial-video-games

https://www.thebusinessdesk.com/northwest/news/2084860-business-advisory-firm-expands-into-the-middle-east-with-dubai-office-launch

Any theories on why a Trading update was released just a week before H1 results? That's pretty unusual.

Maybe just to emphasise that good news separately and to focus on other things next week?

IQGeo Group PLC investor presentation for H1 2021 interim results

On the 15th of September at 4:30pm BST IQGeo will hold a live webinar to present our H1 interim results for 2021. This session will be hosted on the Investor Meet Company platform . You can register to attend this briefing using the link below.

Register for IQGeo H1 interim 2021 results presentation:
https://www.investormeetcompany.com/iqgeo-group-plc/register-investor

Features on accesso tend to focus on theme parks but they have developed market-leading queueing/ticketing technology for theatres, museums, sports arenas and airports too.

There's much more to come here and much of it is repeatable revenue as the solutions offered drive client sales...

45% up since I bought less than 3 months ago!

See my previous updates on "Brilliant Steve Brown interview". It's a long video but worth the watch as it convinced me to top up a few times. He's an exceptional leader.

https://youtu.be/1k_6Sbq6sfs

Good stuff Steph. I don't plan ahead as much as you but expect that we'll be at 2200p-2500p by then - whatever we'll need to make Martin Davis's FTSE 100 preduction come true.

Incidentally, I did mention my #3 share, accesso technology (ACSO), here a few weeks back and that is up 45% in a month. I blog on that one too and this video convinced me the CEO was one in a million:
https://youtu.be/1k_6Sbq6sfs

DYOR and good luck

"A deep tech startup whose patented technology dramatically improves the performance of GPS chips in smartphones, wearables and vehicles has hired a new CEO and established a base in the US.

Cambridge-based Focal Point Positioning’s US subsidiary will aim to accelerate the commercialisation of its technologies in the mobile, wearables and automotive sectors.

GPS expert Scott Pomerantz brings 30 years of experience in positioning and semiconductors. His company Global Locate won the race to bring GPS to the mass consumer smartphone market, supplying the first GPS chips to companies including Apple and Samsung before being acquired by Broadcom for $250m, including an $80m earn-out, in 2007.

Pomerantz (below) joins FocalPoint at a time of intense growth following a Series B round of investment led by VC firm Draper Esprit. "

https://businesscloud.co.uk/new-ceo-as-gps-trailblazer-focal-point-positioning-opens-us-base/

Ok, that is bold! :-)

I'm confident on this one otherwise I wouldn't mention it. Agree that GROW definitely has the faster trajectory and amuch higher profile now.

As for 2024, I don't pencil in prospective figures that far ahead. I look for good core businesses, sound financials at good value, strong leadership, market-leading services, momentum and measured but optimistic ambition. K3 Capital have expanded a lot in the last couple of years by acquisitions and everything I read and see about them is moving things in the right direction but they still are under the radar. They would benefit from a move from AIM to the main market in the future but they have a way to go and grow yet. Think of them as a potential Draper Esprit from 3 -4 years ago although it should be a steady rather than a spectacular climb.

Good luck!

Yep, GROW performance has been exceptional this year. I blogged that September would be good but it's exceeded my expectations by a huge margin, however, I have no plans to sell in the next 2 years. CEO Martin Davis talked about taking Draper to the FTSE 100 in the next 2-3 years and that is now looking possible.

GROW is my #1 share by some way but just a quick shout out for my clear 2nd favourite K3 Capital (K3C). You can find my summary on it on the LSE chat forum. Worth a read...

FY results should be released w/c 20th September including an Operational overview, Post period end and Current trading and outlook. All 3 should be extremely positive.

Here are my thoughts on why I believe K3C is very likely to jump 10% and be north of 400p within the next few weeks. It also has a good chance of hitting 500p by the end of 2021.

* The clues were there in the 15th June Trading update ("exceptionally strong performance, having successfully grown revenues and profits across all divisions", "significantly ahead of initial market expectations; beating multiple upgrades made to market expectations across the year" etc ) and the sp has gone sideways since then. Official confirmation in the FY results should wake up those that weren't convinced and reratings should follow.
https://polaris.brighterir.com/public/k3_capital/news/rns/story/xj3k81w
* K3C often underpromise and overdeliver, hence the multiple forecast upgrades last year.
* Continued measured international expansion: Just released today - Quantuma expands into Middle East with Dubai office launch http://www.tradearabia.com/news/IND_386721.html
* Quantuma grows headcount by 45% in 12 months: Quantuma has significantly diversified its offering in recent years to include aspects such as pensions and corporate finance advisory, the firm is still best known for its work helping clients under financial stress.
* Great financials: Investors' Chronicle highlight that K3C has excellent fundamentals and passes all 8 of their financial tests.
https://www.investorschronicle.co.uk/alpha/2021/08/13/financials-building-up-a-head-of-steam/
* Fair value of 819p on Simply Wall Street based on Discounted Cash Flow.
* K3C doing brilliantly in UK regions in the first half of this year: Midlands Financial Adviser: #1 (33 deals), North West FA: #1 (30 deals), South East FA: #2, South West FA: #4, Wales FA: =#2 (5 deals), Yorkshire & Humber FA: #1 (17 deals)

DYOR and good luck...

I should have said the 2nd week in September for 1200p :)

Excellent update Steph, I agree that forward-pricing valuations have been conservative and share your optimism that there will be a price reset, post H1 results. I expect 1200p+ by the 2nd week of October.

https://www.thisismoney.co.uk/money/share-investing/article-9957519/Which-stock-experts-pick-choose-one.html

When Draper Esprit first listed five years ago, its portfolio consisted of 24 tech companies that had a combined value of £74.9 million. It now has over 70 companies with its portfolio that were valued at £984 million at the end of 2020.

The firm’s market cap has experienced a more than 11-fold increase from its initial listing value of just over £120 million.

"Draper Esprit said admittance to the FTSE 250 would raise its profile, as well as potentially increase liquidity and enable its shares to be acquired by a wider group of investors."

https://www.irishtimes.com/business/technology/draper-esprit-admitted-to-ftse-250-with-a-1-6bn-market-cap-1.4663029