On 14 November 2024, Hardman & Co hosted an Investor Forum, led by Richard Angus, Head of Business Development.
The online event offered a chance for investors to hear from the leadership teams of Shield Therapeutics, Windward, Custodian Property Income REIT and EDX Medical Group. The sessions concluded with an insightful presentation on Real Estate Investment Trusts (REITs) by Mike Foster, Hardman & Co’s Property analyst. Collectively, the presentations explored growth strategies and opportunities in the post-budget economic landscape, featuring discussions on market resilience and innovation across sectors.
Missed this Forum? Not to worry – you can watch the whole event, or download the research and presentations below.
Shield Therapeutics (STX) outlined its ambitious plans for expansion and highlighted the significant growth of its flagship product, Accrufer, over the past year. Management focused on achieving cash flow positivity while addressing shareholder queries about territorial growth and the implications of potential fundraising efforts. The company emphasised its commitment to navigating the challenges associated with scaling up operations and ensuring long-term value creation.
Shield Therapeutics research note | Shield Therapeutics slide pack
Windward (WNWD) provided a detailed overview of its maritime AI platform, showcasing its advanced technology and application across risk management and maritime domain awareness. CEO Ami Daniel presented the company’s latest results, underlining how recent global developments, including the US elections, are expected to bolster the business. The session highlighted Windward’s layered AI offerings, reinforcing its position as a transformative force in the maritime sector.
Windward research note | Windward slide pack
Custodian Property Income REIT (CREI) delivered a compelling presentation centred on three pillars: timing, income, and risk. Fund Manager Richard Shepherd-Cross articulated how current private equity activity signals an impending market recovery, with rental growth prospects looking robust. Custodian’s strategy, focused on smaller properties, was presented as a reliable income source, complemented by a diversified portfolio that mitigates risk through geographic and sectoral diversification, alongside quality tenants.
Custodian research note | Custodian slide pack
EDX Medical Group (EDX) emphasised its innovative approach to digital diagnostics, which facilitates personalised treatments for patients. CEO Mike Hudson’s presentation underscored the strength of its customer portfolio, bolstered by international partnerships and strong financial backers. EDX’s pipeline of medical products and ongoing fundraising initiatives were presented as key drivers of its growth trajectory in the dynamic healthcare landscape.
EDX Medical background information | EDX Medical slide pack
Mike Foster presented a focus talk on REITs as part of his ongoing video series, The REIT Report. Mike discussed whether REITs are a good investment and the best way to get real estate exposure. This video will be available shortly, or you can catch Mike’s talk at 1:32:00 of the full recording.
Overall, the November Investor Forum provided a valuable platform for understanding diverse investment opportunities across a broad range of industries. We thank all the presenting companies and speakers for joining us and engaging with the Hardman & Co investor community.
The investor pack from the Forum, featuring speaker bios as well as all the research and background information in one place, is available here. Please sign up here if you would like to join our mailing list for Hardman Talks events and future Investor Forums.
