A piworld interview with David Thornton

Growth Company Investor update, October 2020

David Thornton is Owner & Editor of Growth Company Investor (GCI). He tells piworld of his new ownership of GCI, updates on companies he mentioned in July, and gives an overview of those companies he’s recently interviewed, which he feels have good growth prospects.

Introduction – 00:18
What does the new ownership mean for GCI & subscribers – 00:46
David’s background – 02:35
How did David’s July 20 recommendations do? – 03:25
Venture Life (VLG), Accrol (ACRL), Codemasters (CDM), Victoria (VCP), Manolete (MANO), AFH Financial (AFHP)
Current recommendations: Gaming Realms (GMR) – 08:23
DX Group (DX.) – 14:34
Think Smart (TSL) – 19:15
IMImobile (IMO) – 27:03
Motorpoint (MOTR) – 32:11
Inspired Energy (INSE) – 35:08

Q&A – 41:10
At DX. what does the balance sheet & return on capital look like? – 41:16
IMO – who are the big competitors – 43:20
IMO – would it list in the US, if so would it leave AIM? – 44:32
VLG – Are you worried about the cash conversion? – 45:00
GMR – will it need to raise cash as it grows? – 46:35
MANO – would you cut losses or average down? – 47:53
AGFX – what’s your take on the H1 trading update? – 49:44
CDM & GMR – will you be building your positions? – 52:29
GMR – what’s the next chance of US gaming news re lockdown and Slingo – 54:25
Do you look at mid caps or larger caps? – 55:28

 

About David Thornton
Following an extensive career in the City David is Editor & Owner of Growth Company Investor (GCI), an excellent publication about Small Cap Shares. David, graduated 1982 and went into the City as a trainee UK equity investment analyst with an insurance company. 1985 started managing money at Br Gas pension fund. 1987-04 fund manager at Henderson. Spent 4 years doing US equities before returning to UK desk. 2006-12 launched and ran an East European fund at a hedge fund boutique (Russia, Turkey, Poland, Hungary, Greece etc). Doing these markets turned out to be good training for looking at the nether reaches of AIM which was his next job! 2013 onwards – financial journalism focused on UK small caps. Initially Redhot Penny Shares newsletter (part of MoneyWeek) and since 2015 Growth Company Investor (GCI). In September 2020 David acquired GCI from the original owners, Bonhill plc.  

 

More piworld interviews & Webinars

piworld interview with Edmund Shing: The Idle Investor
22:55

piworld interview with Edmund Shing: The Idle Investor

Edmund is CIO at BNP Paribas Wealth management. He talks to us about his approach to investing, which he’s been doing since he was 14 years old. Today, he targets a 20%+ return pa. We learn more about his asset allocation, how he selects investments, some of his top holdings, and his outlook for the […]
Stockopedia/piworld Virtual StockSlam February 2021 with Damian Cannon
01:10:53

Stockopedia/piworld Virtual StockSlam February 2021 with Damian Cannon

The first virtual StockSlam was hosted by Damian Cannon, following the historical physical events in London. Over 1,350 investors joined the event live to hear 11 esteemed investors presenting their best stock idea in 3 minutes. Bite-sized nuggets to inspire your further research. Superb ideas and highly entertaining. 00:00 Start 00:18 Damian Cannon Introduction 03:35 […]
piworld interview – Charlie Morris: All about bitcoin
34:42

piworld interview – Charlie Morris: All about bitcoin

Charlie gives us a comprehensive overview of bitcoin. He helps us make sense of the febrile bitcoin market which is experiencing the Elon Musk’s and Michael Saylor’s impact. He outlines the key elements of bitcoins price, namely inflows and outflows; and more broadly talks of transaction speed; regulation; ESG credentials and more. We’re even told […]
Reg Hoare: Investment Trusts – An investing panacea for pandemics update
24:53

Reg Hoare: Investment Trusts – An investing panacea for pandemics update

Reg’s Investment Trust performance during 2020 played out very positively. Here, Reg follows-up on some of the Investment Trusts he mentioned in his last presentation (given May 2020), he tells us what he top sliced and what he’s bought into, his top pick, and the market outlook. If you didn’t see the original presentation it’s […]
piworld interview: The Signs Were There – Tim Steer & Andy Brough
36:03

piworld interview: The Signs Were There – Tim Steer & Andy Brough

Tim Steer, Author of The Signs were There, and Andy Brough, Head of the UK & European, Small & Mid Cap team, at Schroders, talk through different elements of Tim’s book. They help us identify some of the red flags in company accounts, including where profits are flattered by either balance sheet assets which should […]
piworld interview: Ben McKeown, Dowgate Capital
22:43

piworld interview: Ben McKeown, Dowgate Capital

Ben McKeown, CFA, Investment Director at Dowgate Capital, discusses how he manages money at Dowgate. We learn some of their investing criteria, and where he sees their current opportunities. Ben tells us that Dowgate Capital’s wealth management division is a younger, more dynamic wealth manager, where they aspire to generate returns of 20% a year, […]
piworld interview: Andrew Hollingworth – Reflections on 2020
36:33

piworld interview: Andrew Hollingworth – Reflections on 2020

Andrew Hollingworth, Founder, HollAnd Advisors, discusses his investment approach and running a fund during CV19: what went well and badly, and opportunities for 2021. We get a real sense of some of the aspects of fund management. Andrew’s background & HollAnd Advisors – 00:31 How’s the fund performed since it’s inception? – 4:57 Growth v […]
piworld 2020 round up interview: Mark Slater
12:57

piworld 2020 round up interview: Mark Slater

Mark Slater, Chairman & CIO, Slater Investments, looks back at 2020. Codemasters (CDM) played out very well, as anticipated. The learnings repeated: in a crisis, don’t panic and take advantage of it; aggressively. Finally, Mark gives us his expectations for the UK markets in 2021, which he feels are attractive. What’s the fund’s ytd performance? […]
piworld 2020 round up interview: David Thornton
16:03

piworld 2020 round up interview: David Thornton

David’s performance from the lows of March to December 2020, was +99%, with a ytd performance (to 14.12.20) of +10%. Here David outlines what went well, with Tremor (TRMR), which endorses the need for patience and taking a long term view. IMImobile (IMO) didn’t go so well, selling out two weeks before their bid. However, […]
piworld 2020 round up interview: Stephen English
21:53

piworld 2020 round up interview: Stephen English

We interviewed Stephen back in April 2020. Now he updates us on joining Stellar Asset Management, on 1st September 2020. He discusses, what has gone well and how to avoid value traps, advising don’t buy a recovery stock unless it’s rallied significantly, citing Volex (VLX). What didn’t go so well and learnings, where he discusses […]
piworld 2020 round up of the year: John Rosier
17:49

piworld 2020 round up of the year: John Rosier

John called the market to perfection, when we spoke to him back in April 2020. He outlines how it’s played out for him throughout the rest of the year, what went well, what went less well, and what he’s most bullish about for 2021. A sanguine thought, if he’d have done nothing this year, he’d […]
piworld 2020 round up: Leon Boros
14:02

piworld 2020 round up: Leon Boros

Leon has had an exceptional performance this year, up 37%. His top contributor is Best of the Best (BOTB) which he continues to hold. He regrets selling Games Workshop (GAW) in the 40’s, but swallowed his pride and bought back recently. For 2021, he believes Wey Education (WEY) should outperform. Hopefully we’ll catch up with […]
piworld 2020 round up: Paul Scott
16:44

piworld 2020 round up of the year: Paul Scott

Paul’s achieved outstanding returns for the year, where he used hedging. Interesting flatter where he has no hedges. He highlights some great learnings both about using hedges, and separately that cheap companies can get a lot cheaper! For 2021, he is very bullish about BooHoo. Delivered in Paul’s usual charming and relaxed style. Enjoy! Paul’s […]
piworld 2020 round up of the year: Richard Leonard
29:46

piworld 2020 round up of the year: Richard Leonard

Richard’s had a rollercoaster of a year, in April he was down over 40% and has now recovered to c +8%, from peak to trough, up about 80%. His biggest regret, moving to almost 100% cash in March, but he got back on the horse quickly, buying Polar Capital amongst others. Hear more of his […]
piworld round up of the year: Cockney Rebel.
12:48

piworld round up of the year: Cockney Rebel.

One of a series of short interviews to round up 2020. Having spent most of the CV19 crash, cashed out and crashed out, Richard returned in top gear from June onwards. Here he tells us a few of the highlights, and his most favoured stock for 2021. Performance year to date c+35% – 00:50 What […]
piworld interview: An hour with Paul Jourdan
58:53

piworld interview: An hour with Paul Jourdan

A fabulous hour with Paul Jourdan, CEO and Co-Founder of Amati Global Investors. We get a real sense of his investing rationale and thinking. Paul talks about where he sees market opportunities. How Amati dealt with CV19. Companies he thinks are interesting. What he’s learned from mistakes. Particularly thought provoking, his comment, it’s not the […]
piworld interview: An hour with Andy Brough & Richard Leonard
58:14

piworld interview: An hour with Andy Brough & Richard Leonard

We are privileged to spend an hour chatting to Andy Brough, Head of the UK & European Small & Mid Cap Team at Schroders, and Richard Leonard who co-runs a Family Office, an amazing duo. Firstly, we discuss their different perspectives as a family office and institutional fund, then, cover the macro picture, and drill […]
A piworld interview with David Thornton
58:49

A piworld interview with David Thornton

Growth Company Investor update, October 2020 David Thornton is Owner & Editor of Growth Company Investor (GCI). He tells piworld of his new ownership of GCI, updates on companies he mentioned in July, and gives an overview of those companies he’s recently interviewed, which he feels have good growth prospects. Introduction – 00:18 What does […]
piworld interview: An Hour with Cockney Rebel
57:24

piworld interview: An Hour with Cockney Rebel

Cockney Rebel AKA Richard Crow, has a name for making money in small caps, with a knack for perfect timing. He has an annual investment return of 30%+, and runs a private chatroom of over 250 members, who discuss stocks. In this interview we glean more about how Richard invests to get such good returns, […]
A piworld interview: An Hour With Castleford Tiger
54:11

A piworld interview: An Hour With Castleford Tiger

Castleford Tiger has been making around 30-40% annual returns from his small cap portfolio, over time. Here he discusses his investing criteria with some stocks as examples, where he feels there is scope for significant upside. CT’s career background and how he got into investing? – 00:48 CT’s annual return – 05:24 What CT looks […]

You might be interested in