Hardman & Co

Can Investor Relations professionals and companies afford to ignore Gen Z entering the market? In a recent insight, Senan Skalkos (a Gen Z) , our intern from University College Cork, dissects the key driving factors of change which is seeing a younger generation taking a keen interest in investing, far younger than their older peers, and favouring different asset classes. The changing dynamics of the market present a blend of opportunities and challenges, as Gen Z are a highly engaged younger demographic with an appetite for learning and absorbing information related to the financial markets. Yet, the challenge for IR professionals and companies is that the platforms and sources are changing, resulting in a rapidly growing need to adopt new ways of communication. As Gen Z's influence on the markets accelerates, it is essential to understand how to capitalise on catching the attention of the next generation of investors. Read the report in full here - https://lnkd.in/eBxSvhp9 #GenZ #investing #investors #capitalmarkets

Nigel Hawkins reviews the challenges facing infrastructure and renewable energy investors, analysing the share price performance of the Infrastructure Investment Companies and Renewable Energy Infrastructure Funds which have been impacted by the sharp interest rate rises in recent years. With a change of government in the UK and the possible relaxation of planning regulations for renewable energy, coupled with an improving picture from the Bank of England with expected interest rate cuts on the horizon, the sector could see a boost in valuations. Nigel's piece analyses the mixed performance among the IICs and REIFs as some have seen an improving picture despite the challenging economic environment. Read the full article here - https://lnkd.in/eGT4c5FK #reifs #renewableenergy #investing #investmentmanagement #infrastructureinvestment

Hardman & Co publication on Volta Finance Ltd (VTA): FY’24: another year of outperformance Volta’s monthly to its FY-end of July reported an NAV total return of 19.7% while annualised cash receipts are 22% of the July NAV, consistent with levels seen since mid’22. For 16 consecutive months, it has generated positive NAV returns. In this note, we detail the different elements that have driven this performance. We note both positive markets and incremental value added by the manager. To put Volta’s returns into perspective, YTD to end-July, there has been a +10.8% total NAV return, more than twice the level of high-yield debt markets (US and Europe), which returned ca.4.5%. The discount appears anomalous with such a performance. Read the full report, here: https://lnkd.in/eKd7XrGD #financials #research #results #investing

In this episode of Hardman Talks, Larissa Adams and Richard Angus discuss the concept of ROOM Risk (Running Out Of Money) and why this is critical in the current environment for private company valuations. Richard explains the definition of ROOM Risk and how a detailed modelling exercise can provide valuable insights for all stakeholders in a business. He highlights the importance of Boards and Senior Management teams having a detailed understanding of a business's current position and what this means when additional investment and external finance is required. We also explain the key factors and elements of a ROOM Risk assessment as well as key advice for businesses. #valuations #investing #investments #finance

Hardman & Co publication on Shield Therapeutics plc (#STX): Focusing on successful execution Shield is a commercial-stage pharma company delivering specialty products that address the unmet medical need of patients with iron deficiency (ID). Since its July 2021 US launch, Shield and Viatris have increased physician awareness of the differentiating characteristics of ACCRUFeR® as an oral ID drug, in order to generate sales traction. 1H’24 results have confirmed that sales continue to progress well, while costs have been closely controlled. Management is focused on successful execution and reaffirmed its view that the gross cash position coupled with expected growth will be sufficient to see Shield through to cashflow-breakeven in 2H’25. Click here to read the full report: https://lnkd.in/e8K8VP_M #research #investing #investment #pharmaceutical #biotechnology #lifesciences #healthcare #irondeficiency #treatments

In the latest edition of our newsletter, we focus on the world of Private Company Valuations with the first episode of The Private Company Valuation Forum with Seb Cartwright from Saffery joining Richard Angus and Douglas Lawson. We also highlight an event we recently hosted with pro-manchester entitled ‘Do you know the value of your business? It’s time you do.’, bringing together investors, entrepreneurs and advisers to discuss the importance and intricacies of knowing the true value of a business. #investing #valuations #mergersandacquisitions #businessstrategy #privatecompanies

Few people would deny that raising capital in 2023 and 2024 has been very challenging. In short, the key components of the market, the “two worlds” of corporates and investors, are nowadays often far apart in how they assess value. This has resulted in significant frustration and inertia, which, on a sustained basis, can have a significant negative impact on companies and the economy. This issue needs urgent attention, but is there any evidence that the situation is being addressed? #valuations #privatecompanies #mergersandacquistions #investmentportfolios #investing

Hardman & Co Insight: The TikTok generation are becoming “renegade” investors How Gen Z’s investing habits differ from past generations As the landscape of investing evolves, a new generation is stepping onto the stage with fresh perspectives and unique approaches that are reshaping financial markets. At Hardman & Co, we’ve always been committed to understanding these shifts, and our latest Insight delves into the rapidly changing ways in which Gen Z interacts with investment information and markets. Written by our intern, Senan Skalkos (himself a member of Gen Z), this report offers an inside look at how Gen Z – the youngest, yet increasingly influential group of investors – differs from their predecessors. From favouring alternative asset allocations to leveraging non-traditional sources of information, Gen Z is not only participating in the market earlier but is also driving trends that are crucial for investors and professionals to understand. This comprehensive analysis is essential reading for anyone looking to engage with this emerging demographic and stay ahead of the curve as Gen Z continues to grow in economic influence. Read the article: https://lnkd.in/eBxSvhp9 #research #investors #article #insight #genz #tiktok #fintok

The Enterprise Investment Scheme (#EIS) is now 30 years' old! To celebrate, we asked Christiana Stewart-Lockhart, Director General of the Enterprise Investment Scheme Association (EISA), onto the #EISNavigator podcast to discuss the past, present and future of the scheme with host Brian Moretta. We talk about the history of EIS, the challenges it has faced and how it can be grown going forward. Christiana brings together both the big picture on the importance of the #taxadvantaged schemes and the small scale that each company and investor represents. It's a great discussion - enjoy! Show notes and listen here: https://lnkd.in/eN29TTxi #eis #seis #vct #venturecapital #investing #investments #podcast

Q&A on Surface Transforms Plc (SCE): Strategic moves and market potential Surface Transforms plc is the topic of conversation when Mike Foster, analyst at Hardman & Co, speaks to DirectorsTalk Interviews. In this interview, Mike Foster discusses the recent developments at Surface Transforms plc, a company known for manufacturing carbon ceramic brake discs. The conversation covers the company's production challenges, its financial outlook, and the significant opportunities it faces in the automotive industry. Mike highlights the steps Surface Transforms is taking to overcome operational difficulties, expand its production capacity, and improve its financial performance. He also provides insights into the company's order book, market position, and future expectations, making this a compelling discussion for those interested in the automotive manufacturing sector. Listen here: https://lnkd.in/e3PxweDG #research #interview #financials #automotivecomponents #carbonceramics #automotiveindustry DirectorsTalk Interviews