On 10 February we were delighted to host our third virtual Investor Forum. The online webinar featured presentations from the managements of three companies, BBGI Global Infrastructure SA, Anglo Asian Mining and Tritax EuroBox; as well as guest speaker Savvas Savouri, Chief Economist at Toscafund.
We were pleased to see a healthy number of registrations for the event – a select mix of both retail investors and wealth managers. The highly engaged audience meant the Q&A sessions provided stimulating dialogue between the audience and presenting companies, with over 35 questions submitted throughout the event, leaving room for post-forum investor engagement to cover the remaining topics of interest.
Missed this Forum? Not to worry – catch up with recordings of each session and download the presentations below. If you would like to watch the full event, please head over to our YouTube channel here.
BBGI is a diversified social infrastructure investment company, registered in Luxembourg, and a FTSE-250 constituent. Its portfolio consists of long-term and low-risk essential infrastructure investments, which deliver stable, predictable cashflows, with progressive dividend growth and attractive, sustainable returns.
BBGI’s co-CEOs, Frank Schramm and Duncan Ball, highlighted the infrastructure investment company’s low-risk and globally diversified strategic assets and their ability to generate long-term, sustainable returns to investors.
With a robust balance sheet, BBGI’s overall finances are strong, allowing for continued dividend growth – on the back of a 3.3% average dividend growth rate since 2012. As stewards of critical infrastructure assets with a strong social and environmentally conscious purpose, BBGI fall comfortably within the bracket for ESG conscious investors.
The live questions for BBGI ranged across further information on inflation-proofing income streams from underlying investments, understanding the investment process (particularly with St Lawrence, Canada) and BBGI’s influence on securing ESG credentials for their assets.
Anglo Asian is an AIM quoted company with a portfolio of gold, copper and silver production and exploration assets in Azerbaijan. The Group has a 1,926-square kilometre portfolio of properties at various stages of the development cycle, and reported record revenues over $100m for FY 2020.
After an eventful start to the year for well-positioned miner Anglo Asian, we were pleased to have CFO Bill Morgan talk the audience through the company’s recent updates on production, costs and growth strategy.
Bill walked investors through the company’s three main contracting areas: Gedabek, Gosha and Ordubad, highlighting the new discovery Zafer, and new mineral discoveries at Gosha.
Investor questions focused on the Conroy Gold JV and the synergies surrounding this, as well as the five new exploration areas in Gedabek, and the three newly restored contract areas and how these would become operational over time.
Tritax EuroBox invests in very large logistics assets on prime sites on the continent, which are crucial to the growing and lengthening supply chain networks of logistics companies and online retailers.
Nick Preston, CEO of Tritax EuroBox, presented the company as the European logistics real estate investment company, adding value to investors through their innovative acquisitions and asset management in a highly supportive market.
The wave of online retailing and digitalisation has changed the dynamics of the logistics market, proving highly favourable for EuroBox and its tenants. Operationally, Nick shared with investors that 100% of their assets are income producing. These resilient and growing income streams underpin returns and future expansion may target assets at earlier stages of development, thus boosting yields further.
The live audience took interest in the investment trust with questions coming in about the gearing for further expansion, premium to NAV, key differences between EuroBox and the other Tritax (BigBox, which focuses on the UK), and about the relationship with Aberdeen Standard Life.
In a first for Hardman & Co’s Investor Forums, Savvas Savouri, Chief Economist at leading UK hedgefund Toscafund, presented his bullish investment story for the UK economy as it emerges from the shock of COVID-19.
A majority government, an economy dominated by ecommerce and services, and traditional external tourist spending diverted to the UK or savings are just some of the positives Savvas focused on, as he argued the UK economy is well positioned to outperform international economies.
Questions from the audience included concerns over the current level of government, corporate and household debt countering Savvas’ optimistic thesis.
The investor pack from the Forum, featuring speaker bios and all the research notes in one place, is available here. Please sign up here if you would like to join our mailing list for research, Hardman Talks events and future Forums.