Capital Employed FM

Capital Employed FM #60The Advantage of TimeA conversation with Christopher GodfreyFor this episode we had the pleasure of being joined by Christopher Godfrey, Founder and Portfolio Manager of Headwaters Capital Management.Headwaters Capital Management is an actively managed, concentrated investment strategy focused on small and mid capitalization stocks.In this episode we discuss... * How Chris got started in investing.* The philosophy behind Headwaters Capital.* How he generates ideas.* What type of businesses Chris likes to invest in.* Two US stocks Chris is bullish on for the long term.More information about Christopher and his firm can be found at headwaterscapmgmt.com—Hosted by Jon Kingstontwitter.com/equitybaron—Support The ShowIf you enjoy the podcast you can help support the show by doing the following:Join our YouTube Channel.Leave a review on your podcast player.Or simply share the episode with your investing friends.Thanks for listening.DisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed FM #59Acquiring Profitable Online BusinessesA conversation with Dom Wells, CEO of Onfolio.For this episode we had the pleasure of being joined by Dominic Wells, Founder and CEO of Onfolio Holdings Inc.Onfolio acquire and grow profitable cash-flowing online businesses. The company is listed on the Nasdaq with the ticker $ONFO In this episode we discus... * How Dom got into buying online businesses.* What they look for when buying an online business.* Answering listeners questions including... hiring new management, funding new acquisitions, operational costs, deal flow, and warrants.* Plus much more.More information about Dominic and his firm can be found at onfolio.comDon't forget to join our YouTube channel.—Hosted by Jon Kingstontwitter.com/equitybaronDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #58Narrative ShiftsA conversation with Adam RackleyFor this episode we had the pleasure of being joined by Adam Rackley from Cape Wrath Capital.Adam is a traditional value investor who seeks opportunities where other investors have over-reacted to events and valuations no longer reflect fundamentals. After working as an analyst at the Alliance Trust, Adam joined Montanaro Asset Management, where he managed a smallcap income fund. Leaving the City in 2010, he taught the CFA qualification at BPP, and later managed equity research teams for CRISIL in Mumbai. In 2015 Adam returned to London and set-up Cape Wrath Capital. He has degrees in Philosophy, Politics & Economics, and Finance & Financial Law. Adam has served as a platoon commander with the 1st Battalion Black Watch, and is the Principal at Curzon Financial Training. Adam has also swum the English Channel, rowed the Atlantic, cycled from Lands End to John o’ Groats, and run across the UK.In this episode Adam discusses... * His background.* His value investment strategy.* Red-flags he looks for in the companies accounts.* Two stocks he’s bullish on.* Key lessons he has learned from investing for over 20 years.More information about Adam and his firm can be found at capewrathcapital.comDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #57Making Big Gains In Bear MarketsA conversation with Christian PutzFor this episode we have the pleasure of being joined by Christian Putz, Founder and Portfolio Manager of ARR Investment Partners.ARR Investment Partners is a London-based investment boutique advising a global long/short equity strategy for professional investors. Their goal is to generate attractive returns over the long run by outperforming during market downturns whilst maintaining strong performance during market rallies.In this episode Christian discusses… * How his love of investing started in his youth when he turned 5k into 100k.* How the Russian bear market of 2011-15 shaped his investment approach.* How his investment strategy aims to performs well in all market cycles.* Two companies he's bullish on.Stocks mentioned* Daqo New Energy (DQ)* Allkem (AKE)Apologies for the sound quality in parts of this recording.DisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #56High Quality Dividend GrowersA Conversation with John KinghamFor this episode we had the pleasure of being joined by John Kingham.John has been a private investor since 1995, an investment blogger since 2008, an investment newsletter publisher since 2011 and an author since 2016.He is the founder of the UK Dividend Stocks Newsletter, and author of The Defensive Value Investor that was published by Hariman House in 2016.In this episode John discusses his journey as a private investor, why he likes dividend stocks, his investing checklist/process, and two companies in his portfolio he's bullish on for the long term.Stocks mentionedLegal & General (LGEN)Telecom Plus (TEP)—More information about John can be found here - ukdividendstocks.comtwitter.com/UKValueInvestorThe Defensive Value Investor: A complete step-by-step guide to building a high-yield, low-risk share portfolioDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #55Patience Is KeyA Conversation with Harry WalshFor this episode we had the pleasure of being joined by Harry Walsh, who is the Investment Director at Tyndall Investment Management.Founded in 2017, Tyndall is a forward-looking, dynamic investment management company with a sole focus: to provide genuine high-conviction, active management for their clients.Harry started his career at a city stockbroking firm, later moving to Jupiter Asset Management where he spent 10 years looking after private client portfolios, charities, and trusts. He moved with the team to Rathbones in September 2014 where he managed more than £350 million in client assets with his team.In this episode Harry discusses the advice he’s giving his clients in this economic environment, areas of the markets he likes, and two London listed microcaps he feels have great potential.Stocks mentioned* POLX – Polarean Imaging* ZPHR – Zephyr Energy—More information about Tyndall can be found heretyndallim.co.ukDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #54Long Gold and ItalyA Conversation with Theron de RisFor this episode we had the pleasure of welcoming back to the show Theron de Ris, who is the founder and manager of Eschler Asset Management, based in London.Eschler Asset Management is an independent investment practice modelled on the original Buffett Partnership.In this episode Theron discusses how his fund has performed so far this year, why he’s still bullish on gold, and two stocks he’s recently added to the portfolio.Stocks mentioned* Agnico Eagle Mines (AEM)* Anima Holding Spa (ANIM)—Follow Theroneschlerasset.comDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #53How We're Navigating The MarketsA Conversation with Richard SimmonsFor this episode we had the pleasure of welcoming back to the show Richard Simmons, who is the founder and manager of Derby Street Managers, based in London.Derby Street Managers is a long-only, value-oriented fund managing UK Equities and European Equities strategies.Richard has been managing equity investments since 1998. He holds an MA from Oxford and an MBA from Cass Business School. He is also the author of Buffett Step by Step (Financial Times/Pitman Publishing) and most importantly, he has his own money invested in both funds.In this episode Richard discusses how he is managing both funds through these volatile markets, which sectors interest him, and two companies he's currently researching.Stocks mentioned* Naked Wines (WINE)* Robert Walters (RWA)* Synergie (SDG)* Flutter Entertainment (FLTR)* Polar Capital (POLR)* St. James Place (STJ)* Gruppo Mutuionline Spa (MOL)* Lvmh Moet Hennessy Louis Vuitton (LVMH)* Kering (KER)* Hostmore (MORE)—Follow Richardderbystreetmanagers.comDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #52Founder Led MicrocapsA conversation with Chris aka Zippy CapitalFor this episode we have the pleasure of being joined by Chris, who also goes by the name of Zippy Capital.Chris is a private investor/writer, and likes to delve into the smaller end of the market cap spectrum.In this episode Chris talks about the types of companies he likes to invest in, and his thesis for investing in two US listed microcaps.Stocks featured* Delta Apparel Inc (DLA)* Table Trac Inc (TBTC)—Follow Christwitter.com/zippy_capitalDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #51Long Term Owner of Public BusinessesA conversation with Avi Fisher from Long Cast AdvisorsFor this episode we had the pleasure of being joined by Avi Fisher, Founder and Manager of Long Cast Advisors.Long Cast Advisers, based in New York, is a boutique investment manager catering to select investors. The aim of the fund is to generate uncorrelated returns via long term concentrated ownership of under followed and undervalued securities.Stocks featured* Quest Resource Holding (QRHC)* Senestech Inc (SNES)—Follow Avi* longcastadvisers.com* thepatientinvestors.blogspot.com* twitter.com/longcastadviserDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #50Thematic Small Cap InvestingOpportunities in International Small CapsFor this episode we had the pleasure of being joined by Andy Brown, Manager of Aberdeen International Small Cap Fund.The Fund seeks to achieve its objective by investing in equity securities of small non-U.S. companies. The team employs a fundamental, bottom-up investment process, based on firsthand research.In this episode Andy talks about the types of companies the fund likes to invest in, and three companies they’re bullish on for the long term.Stocks featured* Kornit Digital (KRNT)* Nova (NVMI)* Cts Eventim (EVD)—Fund Informationhttps://www.abrdn.com/en-us/us/investor/fund-details/aberdeen-international-small-cap-fund/a/us0030218210DisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #49Hidden Gems Down UnderA conversation with Peter JohnsFor this episode we had the pleasure of being joined by Peter Johns, Founder/Manager of Westferry Investment Group based in Brisbane, Australia.The Group operates a single investment strategy for wholesale investors with a bias toward small and micro-cap companies.In this episode Peter talks about his investment style, and two microcaps he’s bullish on for the long term.Stocks featured* PTB (PTB)* Schaffer (SFC)—Follow Peter* westferry.com.au* twitter.com/GroupWestferryDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

4 High Quality Aussie MicrocapsA conversation with Mark TobinFor this episode we welcome back to the podcast Mark Tobin, founder of Coffee Microcaps.Mark is the go-to man when it comes to quality microcaps listed on the ASX. Mark began his career as an equity analyst in Sydney by working at Wilson Asset Management, a small and microcap specialist manager.In 2020, Mark launched Coffee Microcaps, which is a weekly subscription newsletter and also Virtual Events.In this episode Mark provides an update of the two companies he discussed last time he was on the podcast, as well as two new stocks he’s bullish on.Stocks featured* SDI (SDI)* Energy One (EOL)* Raiz Invest (RZI)* Hitech Australia (HIT)—Follow Marktwitter.com/cmicrocapsDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #47Temporary Value DislocationsA conversation with Tim Delaney, Co-Founder of Immersion InvestmentsFor this episode we had the pleasure of being joined by Tim Delaney, Co-Founder of Immersion InvestmentsTim founded Immersion Investments with David Polansky. Together they run a concentrated portfolio of small and micro-cap equities.“At our previous firm, David and I found an incredible amount of success searching for publicly-traded companies with long-term growth potential. We believe most of these opportunities reside in smaller capitalization companies where large institutional investors cannot participate. Frequently, our investments carry some level of misunderstanding by the marketplace, which depresses the valuation afforded to the company. Where there is long-term growth opportunity and temporary value dislocation, we believe there is ample opportunity to generate significant returns.”In this episode we discuss the Immersion investing style, research process, and two stocks in they’re bullish on for the long term.Stocks featuredLegacy Housing (LEGH)eDreams Odigeo Sa (EDR)—Follow Tim and David* twitter.com/boringpmguy* twitter.com/davidhpolansky* immersioninvest.comDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #46Microcap Multi-baggersA chat with private investor Robert MulcahyFor this episode we had the pleasure of being joined by Robert Mulcahy, a private microcap investor.Robert runs a concentrated portfolio focused on finding under-the-radar microcaps that he believes can become multi-baggers over time.In this episode we discuss his investing style, process, and two stocks in his portfolio he’s bullish on for the long term.Stocks featured* Crexendo (CXDO)* Intellinetics (INLX) —Follow Roberttwitter: @tinystockninjaDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #45A Generational Investment OpportunityA chat with Aaron Edelheit from the Mindset Cannabis Value FundFor this episode we had the pleasure of being joined by Aaron Edelheit from the Mindset Cannabis Value Fund.Aaron recently wrote the Cannabis Manifesto, which does a great job of laying out the thesis of why the cannabis industry in North America is a such a compelling investment opportunity. In this episode we discuss his thesis, and three stocks in his portfolio he is bullish on for the long term.Stocks featured* Verano Holdings (VRNO)* Ayr Wellness (AYR)* Glass House Brands Inc (GLASF)—Follow Aaron* website: mindsetcapital.com* twitter: @aaronvalue* The Cannabis ManifestoDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #44The Craft Brewers of Stock Market InvestingA conversation with David Collins of Howay Investments.For this episode we had the pleasure of being joined by David Collins, founder of Howay Investments and fund manager of the Howay Equity Fund.Over the 20 years prior to founding Howay Investments, David worked in both London and the United States in senior management and investing roles for Prudential, Och-Ziff Capital (now Sculptor Capital) and Morgan Stanley. We formed Howay Investments to create something a little different in the world of fund management. We like to think of ourselves as being the investing equivalent of a small, craft brewer. We want to craft something better than what the large institutional fund managers offer. For too long they have churned out bland, mass-produced funds that often fail to deliver for investors.' - David Collins.In this episode David talks about his investing style, how he generates ideas, and provides a superb breakdown of two quality companies he's bullish on for the long run.Stocks featured* Clipper Logistics (CLG)* Games Workshop (GAW)* Supreme (SUP)—Follow David* website: howay.co.uk* twitter: @howayinvestmentDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #43Business Perspective InvestingAn interview with Eric Burns.For this episode we had the pleasure of being joined by Eric Burns who is the Chief Analyst for both the Free Spirit and UK Buffettology Fund at Sanford DeLand.In this episode Eric talks about the Business Perspective Investing methodology used at Sanford DeLand. We also touch upon Porter's Five Forces Analysis for identifying moats, and his thesis for investing in two stocks he's bullish on for the long term.Stocks featured* Bytes Technology (BYIT)* Ekf Diagnostics Holdings (EKF)—Follow Sanford DeLandsanford-deland.comDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #42Quality Companies for the Long RunAn interview with David Ridland from Castlebay Investment Partners.For this episode we had the pleasure of being joined by David Ridland, Manager and CIO of Castlebay Investment Partners.David likes to invest in high quality companies with strong cashflows, high operating margins, and high returns on invested capital.In this episode David talks about his investment philosophy, process, and his thesis for investing in two stocks he's bullish on for the long term.—Stocks featured* Avon Protection (AVON)* Croda International (CRDA)—Follow Castlebay Investment Partnerscastlebayinvestments.comDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #41High ROCE and Widening MoatsAn interview with the masterminds behind the Partnership Investing Newsletter.For this episode we had the pleasure of being joined by the guys behind the excellent Partnership Investing Newsletter.In this episode they talks us through the characteristics they seek in a business, and where they're finding opportunities in todays market environment.They also provide their thesis for investing in two small caps they think have lots of growth potential. One listed in the US, and the other in the UK.Timestamps -0.00 - Episode Introduction.1.30 - An overview of their backgrounds.3.10 - Why they started the newsletter and the objective.4.20 - What type of businesses they like to invest in.6.30 - How, and where, they’re finding ideas.8.30 - Thesis for investing in Naked Wines.12.00 - Thesis for investing in Intellicheck Inc.17.10 - Where to find them online.—Stocks featured* Naked Wines (WINE)* Intellicheck Inc (IDN)—Follow Partnership Investinghttps://twitter.com/PartnershipInvPartnership Investing NewsletterDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #40Engineer By Day Microcap Investor By NightAn interview with Dan Schum from No Name Stocks.For this episode we had the pleasure of being joined by Dan Schum, who is a private investor and writer of the popular No Name Stocks blog.Dan seeks to invest in micro and nano cap stocks that have little research and are under-followed, but have the potential of becoming multi-baggers.In this episode Dan talks us through is process, and also provides his thesis for investing in two US listed nanocaps he thinks have great potential upside.Timestamp - 0.00 Episode Introduction1.20 Dan provides an overview of his investing style8.15 Where Dan finds his investment ideas11.20 Thesis for investing in GSE17.35 Thesis for investing in PGNT20.20 Where to find Dan online—Stocks featured* Gse Systems Inc GVP* Paragon Technologies Inc PGNT—Follow Dannonamestocks.comDisclaimerThis podcast is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #392 Stocks I'm Bullish On (w./ Peter Rabover)Two small caps with great valuationsFor this episode we had the pleasure of being joined by Peter Rabover, who is the founder and portfolio manager of Artko Capital.Peter likes to focus on small/microcap companies and special situations, within a concentrated portfolio.In this episode Peter discusses his investment style, how he finds investment ideas, and the types of companies he likes to invest in.He also provides a breakdown of his thesis for investing in two small caps he thinks can generate great returns.—Stocks featured…* Currency Exchange International CXI (listed in Canada).* Gaia Inc GAIA (listed in the US).—Follow Peterhttps://twitter.com/ArtkoCapitalPlease note this podcast is for education and information only. Stocks, or investment themes, covered in the show are not recommendations. Please do your own research before investing in any stock, fund, product, or service. Get full access to Capital Employed at www.capitalemployed.com/subscribe

Capital Employed Podcast #38Exchanges and Cream CakesExamining two quality growth stocks on AIMFor this episode we were joined by Jeremy McKeown from Dowgate Wealth. Dowgate Wealth, based in London, create bespoke portfolios for their clients. They select investments based on their fundamental qualities and their ability to generate above-market returns regardless of economic cycles. Jeremy joined Dowgate Wealth in November 2020. He has worked in the City for over 4 decades in both fund management and stockbroking. He also writes an excellent blog called Hyper Normal Times, which we recommend listeners subscribe to. In this episode Jeremy discusses what type of companies he likes to invest in. He also provides a superb breakdown of two quality AIM listed small caps that he thinks have much more growth to come. Stocks featured…* Aquis Exchange AQX* Cake Box Holdings CBOXFollow Jeremy* https://hypernormaltimes.com* https://twitter.com/TimesHyper* https://dowgatewealth.co.ukPlease note this podcast is for education and information only. Stocks, or investment themes, covered in the show are not recommendations. Please do your own research before investing in any stock, fund, product, or service. Get full access to Capital Employed at www.capitalemployed.com/subscribe