UK Small/Mid Caps Podcast with Paul Scott

Not my finest podcast this week, as I've been rather stressed with looking after Mum, who had a fall on Monday. She's on the mend though! It's been very quiet for company news, so we branched out into some interesting mid caps too.As always our opinions are just that - a snapshot view of the facts, figures & forecasts as we see them, on that day. We have no idea what the future holds, so our opinions are subject to change if the facts change. You must do your own research and not rely on us, as we might get something wrong (but try not to), and we only have time to do quick reviews of each company. Hosted on Acast. See acast.com/privacy for more information.

We've looked at dozens of interesting companies this week. Please remember we're only giving our personal opinions, never advice. So doing your own more detailed research is always vital. Hosted on Acast. See acast.com/privacy for more information.

Paul's usual summary of the week's Small Cap Value Reports on Stockopedia. Lots of interesting companies, and a mystery share! Hosted on Acast. See acast.com/privacy for more information.

A massive number of small to mid caps reporting, Paul rattles through most of them here Hosted on Acast. See acast.com/privacy for more information.

Most small-mid cap UK companies reported in line with expectations updates this week.We focus mainly on the above, and below expectations reports.Lots of interesting share ideas for you to properly research, do remember we're only doing quick reviews, so our stuff is never, ever advice or recommendations. Hosted on Acast. See acast.com/privacy for more information.

Huge number of small & mid caps reviewed this week! Hosted on Acast. See acast.com/privacy for more information.

Happy New Year! My usual weekly summary of the UK small caps trading updates.Also more macro data and news, which reinforce my positive outlook for the economy and stock market this year. Hosted on Acast. See acast.com/privacy for more information.

In the last podcast of 2023, I mention a few company updates, but mainly focus on investing themes of 2023 and performance - both markets overall, and my personal year (an excellent one, I'm pleased to say).I also note the 6 common traits of the most successful investors in my network. Hosted on Acast. See acast.com/privacy for more information.

UK small caps investor/commentator, Paul Scott, runs through the week's Small Cap Value Reports on Stockopedia.comAs usual we've unearthed some interesting shares for you to research yourselves. As always, we're only flagging ideas for you, not making any kind of recommendations.Also Paul reveals his (predictably) bullish outlook for small caps in 2024, with inflation now receding. Are we about to go from bust to boom on consumer spending?! Hosted on Acast. See acast.com/privacy for more information.

Paul's usual audio summary of the Small Cap Value Reports that I write with Graham Neary, on Stockopedia.A surprisingly good week for company updates, plus some major markets moving to new highs, thanks to the Fed changing stance on interest rate expectations for 2024, with 3 cuts now expected. This strikes me as an ideal time to be putting money to work in bombed-out UK small caps, where value abounds. As always, that's just my personal opinion, never advice. Hosted on Acast. See acast.com/privacy for more information.

Profuse apologies for this episode being 6 days late!We've had more takeover bids and profit warnings.I rattle through all the shares we reported on in our Stockopedia Small Cap Value Reports.As always, just my personal opinions, never advice or recommendations, you must do your own research. Hosted on Acast. See acast.com/privacy for more information.

This week we said goodbye to investing legend Charlie Munger, and I reflect on how Berkshire's stunning success is "only" about 20% pa compound - something that we should be able to replicate ourselves. Maybe not for 65 years though! It gives us something to aim for, and reinforces the vital quality of patience in investing.It was wonderful to catch up with everyone at Mello Chiswick, chatting to many Stockopedia subscribers there, and hearing from superb speakers and some excellent companies too.In this podcast I rattle through the 27 companies we wrote about in this week's Small Cap Value Reports on Stockopedia. Hosted on Acast. See acast.com/privacy for more information.

Paul runs through dozens of UK small caps that have reported either results or trading updates this week. All views are just my opinions, which could be right or wrong in future, when things have changed. So always do your own research please. The small caps market continues to be dominated by profit warnings and takeover bids, so quite a lottery at the moment! Will the big, inflation-busting pay rises for pensioners, benefits claimants, and Living Wage, plus the 2% cut in NICs from January, trigger a consumer boom in 2024 (just in time for the election!)? That seems the Govt's strategy, which seems to be pulling in the opposite direction to the Bank of England. So the usual chaos! Hosted on Acast. See acast.com/privacy for more information.

A notable week with 3 takeover bids just in one day! Bargains galore in the small caps space, evidenced by all the takeover bids. We've seen a strong rebound in the last 3 weeks, in both small and mid caps. Is this the (overdue!) start of a new bull market, or just another bear market bounce? No idea, we focus on company fundamentals, and we're seeing many smashing risk:reward situations as dislocated market liquidity throws numerous bargains at us, so Paul remains very enthusiastic (taking a medium term view). My picks for 2023 continue to strongly out-perform too. So it's not all doom & gloom at all! Hosted on Acast. See acast.com/privacy for more information.

Multiple award-winning :-D small caps investor/commentator Paul Scott runs through this week's batch of trading updates & results statements, flagging value/GARP, and profit warnings. Just personal opinions, never advice remember. Hosted on Acast. See acast.com/privacy for more information.

I run through 23 UK small caps that we wrote about in this week's Small Cap Value Reports on Stockopedia.Also, I comment on markets overall (cheap, lots of takeover bids, but also plenty of profit warnings), and run through my spreadsheet keeping track of profit warnings (18 in October), and takeover bids (11 in October) - may not be comprehensive, as this is only the ones we wrote about on Stockopedia (companies between £10-1,000m market caps, and excludes some sectors).Thank you again for all the brilliant reader comments, which greatly add to our reports, from our engaged and knowledgeable (and usually polite!) subscribers. Hosted on Acast. See acast.com/privacy for more information.

Paul's usual rattle through what we've written about on Stockopedia this week.Quite a few bombshell profit warnings again this week.Terrible market conditions continue, with obvious signs of distressed sellers (instis with redemptions, and capitulating PIs probably).Some lovely bargains presented on a plate to us too. Hosted on Acast. See acast.com/privacy for more information.

As AIM grinds down to almost half of its 2021 peak, even the usually buoyant Paul is starting to get a bit miffed with this bear market.Not just small caps either, as Mid-caps are now down 10% YTD, and down 30% from the 2021 high.Yet the market is now cheap, and we're getting that confirmed almost daily, with takeover bids, often from the US, private equity or trade buyers.Plus a little rant about people who've annoyed me with their unpleasant & inaccurate comments! Hosted on Acast. See acast.com/privacy for more information.

Grim market conditions continue for UK small caps, now down c.17% YTD, and down c.47% from the 2021 high.Plenty of bargains, but also plenty of banana skins with some profit warnings this week - telecoms suppliers and building materials seem trouble hotspots. B2B generally is looking an increasing area of concern, but that's why share prices are so low. Hosted on Acast. See acast.com/privacy for more information.

I hope this is of interest, some more random stuff about small caps, markets, and macro - egAvoiding profit warnings from highly indebted companies - vital! Check those balance sheets!Will we get political pressure to force central banks back into QE & low rates?PER can be a flawed concept in a downturn.Top-down thoughts - finding sectors with tailwinds, avoiding ones with headwinds?Rising profits from interest on cash piles - but what about the deterioration in the real value of the cash pile?Switching from dead positions into more buoyant ones?AIM mostly rubbish, but a smaller number of lovely companies in there - needles in haystack!Frustration from prices grinding down on no news - do sellers know something? Probably not! Hosted on Acast. See acast.com/privacy for more information.

Some shock profit warnings this week, especially from Spirent (SPT) and XPP - one has sound finances, the other has an over-geared balance sheet, and now looks in trouble. It's vital to avoid over-stretched balance sheets right now.Also some nice opportunities I think too, with plenty of companies reporting in line. Hosted on Acast. See acast.com/privacy for more information.

3 mystery shares this week (for Stockopedia subscribers only!)Another very busy week, with dozens of company updates covered by Paul Scott in this podcast.As always, these are never recommendations, just quick reviews, and personal opinions, so it's vital to always do your own research. Hosted on Acast. See acast.com/privacy for more information.

I start off with a recap on my largest personal position, Plexus Holdings (POS).Quite a mixture of interesting companies doing well, eg Warpaint and Fonix Mobile. Plus plenty of awful, high risk things I'm avoiding! Hosted on Acast. See acast.com/privacy for more information.

Apologies for my absence last weekend, as I was sick with covid. Now mostly recovered, and testing negative, I'm pleased to report! Hosted on Acast. See acast.com/privacy for more information.

Lots of interesting companies reporting again this week. Paul rattles through dozens of small cap announcements, remember this is completely independent commentary, not PR! Companies cannot buy my opinion, it's not for sale! I just tell the truth as I see it. Also no ads, as your time is important, and I'm not going to try to earn 1p by wasting your time with some horrible annoying ads!Controversial topics this week included the CMA investigation into vets being acquired by corporates, and allegedly price gouging customers. Also does a large political donation by a vaping company's CEO merit attention? Hosted on Acast. See acast.com/privacy for more information.

A few profit warnings this week as tougher conditions start to bite in several cyclical sectors. It feels almost random how some bounce after a profit warning, whilst others continue falling. Very frustrating market conditions, with AIM now down 43% from its peak 2 years ago. However, Paul thinks we're over the worst, and relishes all the great value opportunities out there, but it's still a minefield. Hosted on Acast. See acast.com/privacy for more information.

Paul rattles through dozens of UK small company results & trading updates that we wrote about in the Stockopedia Small Cap Value Reports. Hosted on Acast. See acast.com/privacy for more information.

Paul's usual weekly recap of the small caps results/trading updates which we wrote about in the Stockopedia Small Cap Value Reports. Plus a few macro/market thoughts, and trying without complete success to avoid politics! Hosted on Acast. See acast.com/privacy for more information.

I'm only doing 1 podcast per week now, as macro stuff takes too long to prepare, and you can find it in lots of other places already.Loads of interesting shares again this week, many defying the macro gloom & doom, and priced attractively cheaply I think. As always, not recommendations or advice, so always do your own research, as I might have missed something. Hosted on Acast. See acast.com/privacy for more information.

Paul took a few days off to enjoy a family holiday in Norfolk, but kept a close eye on the markets nonetheless. So many thanks to Graham and Roland, who did the heavy lifting in this week's Small Cap Value Reports on Stockopedia, Mon-Weds. Loads of companies reporting, as always, we try to sort the wheat from the chaff! Hosted on Acast. See acast.com/privacy for more information.

Usual topics discussed, including -Yet more increases in central bank base rates,Orwellian de-banking scandal - we need to check that companies we invest in are not letting ESG matters become excessive & dangerous,Leveraged buyouts avoiding Corp Tax still?Positive US Q2 GDP dataUK energy prices - savings not being passed on to consumersConflicting data on UK consumer sentiment - GfK says it's fallen, PWC says it's rising and near-normal! Who's right?More profit warnings? HEAD, plus 2 in marketing - SFOR and TMG. Hosted on Acast. See acast.com/privacy for more information.

A huge number of small caps reporting this week, we covered about 50 in the Small Cap Value Reports! Several profit warnings, as a possibly slowing economy begins to bite in some sectors. But also some nicely performing, good value shares are covered. Rarely have I seen so much value on offer in small caps, so I remain very bullish about the medium term outlook. No idea in the short term of course! One mystery share for Stockopedia subscribers too. Thanks for listening. Hosted on Acast. See acast.com/privacy for more information.

I (Paul Scott) spotted strong profits/order book from Cohort's FY 4/2023 results, reviewed positively in the Stockopedia Small Cap Value Report of 19 July 2023. So I reached out to ask the CEO to do an independent, no fees interview with me. I only interview companies that I genuinely rate highly, as reasonably priced, and do them for general interest, not as a commercial thing.I do not hold a position in Cohort (but am considering one), I am not charging a fee, and this is NOT financial advice or a recommendation, please always do your own research, and don't rely on mine - because some of my share ideas will do well, and others badly. But because I'm not a time-travelling alien, I do not know what the future holds!The purpose of this interview was to get a better understanding of Cohort.See its investor relations website for - FY 4/2023 presentation slide deck. Hosted on Acast. See acast.com/privacy for more information.

Main points covered this week -Good news on UK inflation, which dropped more than expected, triggering a nice stock market rally.Supermarkets - Tesco & Sainsbury buying freeholds, highly indebted ASDA & Morrisons selling them!CMA report on supermarkets says they are not profiteering, their operating margin has actually fallen sharply.Ocado - more terrible results, why is it worth £5bn?!Chinese deflation?Scrap IHT? Labour would probably reinstate it anyway, so so threat to IHT AIM strategies looks unlikely.Accenture report says UK business confidence second highest in Europe, after Ireland.10-year Gilt yield falls back from danger level to 4.27%UK consumer confidence sharply down in July.Better than expected retail sales, per ONS.Danger of brand damage from shrinkflation - Andrex - soft, strong? Or very wrong?! Hosted on Acast. See acast.com/privacy for more information.

Taking a risk here, but Paul fires the starting pistol for a new bull market in UK small caps! (just an opinion remember, could be right or wrong). Valuations are now becoming so attractive, due to many investors pulling out, that opportunities galore are presenting themselves. Hence why I think this is now time to be loading up with decent company shares, at modest valuations. I think sentiment may have now bottomed out, and money could begin flowing back in. Time will tell! Hosted on Acast. See acast.com/privacy for more information.

Paul rattles through trading updates and results from 24 UK smaller companies this week, covered in the Stockopedia Small Cap Value Reports, written by Paul and Graham. As usual, we found some decent companies trading well, and reasonably or cheaply priced. One or two dogs too unfortunately, warning on profits through slipping out big broker downgrades (ZOO And TLY). Hosted on Acast. See acast.com/privacy for more information.

Paul starts by examining Chinese eCommerce company TEMU, and its very aggressive business model, clearly designed to hoover up market share, through heavy subsidies. My mystery shop has recently been air freighted into the UK, both uneconomic and polluting, but all in the name of research.4 positive, and 4 negative things about the UK economy right now.Large and mid-caps have now joined AIM in being significantly down year-to-date. When will the pain end? Does the UK market have structural problems, as well as more competition for funds from cash deposits & fixed interest.House prices are falling heavily in real terms now, but does it matter?Will hydrogen power heavy vehicles in future? Or solid state batteries? Which tech is the one to back? Hosted on Acast. See acast.com/privacy for more information.

Another really difficult week for UK shares, and not just small caps - FTSE 100 and mid-caps also now well down for the year.Lots of shares to avoid are flagged by Paul, but also some small cap nuggets too getting more & more affordable with each passing week, it seems. Hosted on Acast. See acast.com/privacy for more information.

As usual, inflation & interest rates dominate. Also water cos. Hosted on Acast. See acast.com/privacy for more information.

33 companies covered this week, in the Stockopedia Small Cap Value Reports, written by Paul Scott, Graham Neary, and Roland Head. In this week's episode, Paul runs through the good, the bad, and the ugly! We're seeing many minnows run out of runway and being suspended/delisted - maybe it's a good thing to have a clear-out? As usual, we find some gems each week too, for you to have a closer look at. Remember our reviews are not detailed enough to be used for investment decisions, you must do your own research please. Always opinions, never recommendations, Hosted on Acast. See acast.com/privacy for more information.

Small caps commentator/investor Paul Scott runs through various macro points of interest that have cropped up this week. The main issues being stubbornly high inflation readings, and the 0.5% hike in interest rates by the Bank of England. Paul reviews the MPC Minutes, as well as other interesting data (such as continuing strong improvements in consumer confidence), and wonders if the economic picture may not be as bad as feared? Hosted on Acast. See acast.com/privacy for more information.

Loads of news this week, including a takeover bid for Paul's largest personal shareholding, the second time that's happened this year! Sadly no 200% premium this time (as I got for Seraphine in January). One "mystery share" held back for Stockopedia subscribers, the company which has impressed me the most this week with good results & upbeat outlook.Horrible market conditions continue for small caps, but there's fantastic value out there for investors who take a longer-term view. Hosted on Acast. See acast.com/privacy for more information.

All eyes on interest rates, inflation, GDP & AI! Paul sees contradictory signs. Hosted on Acast. See acast.com/privacy for more information.

Lots of small caps (and a few mid/large caps too!) reviewed this week, with a few profit warnings, and a few ahead of expectations updates too. Hosted on Acast. See acast.com/privacy for more information.

Paul's usual rattle through noteworthy news & views on macro. As usual, a rant about interest rates going up too far, and too fast, which is increasingly making me worry that we might be heading for a recession, due to policy mistakes by central banks. Hosted on Acast. See acast.com/privacy for more information.

Unconstrained by file size limit, Paul goes completely over the top in this detailed, but very long-winded review of the week's small-mid cap company results & trading statements.We have one mystery share too, which is Paul's best idea for the week, reserved for Stockopedia subscribers, because they're paying me! My commentary is always honest and independent, I never take money from any companies to promote them. Although as with everyone in the investment world, some of my stock ideas will be good, and some will be bad. That's because we cannot predict the future with 100% reliability. But my top 20 share picks for 2023 are now up 10% YTD, when the small caps market is down - not a bad start! Hosted on Acast. See acast.com/privacy for more information.

A rather depressing outlook for macro/markets this week, as excessive interest rate hikes look set to possibly tip us into recession, and increase debt defaults. Hosted on Acast. See acast.com/privacy for more information.

Some interesting, and controversial companies reporting this week. Paul Scott and Graham Neary write the Small Cap Value Reports on Stockopedia, along with civilised and sensible community commentary from our subscribers. In these podcasts, Paul rattles through the week's reports in an audio format to please the UK's dog-walking and gym-going small cap investor community :-) Hosted on Acast. See acast.com/privacy for more information.

Paul Scott ponders the interesting news & views picked up this week, with a rise in UK core inflation being the main jolt, which has increased interest rate expectations. It's all looking rather more negative unfortunately. Hosted on Acast. See acast.com/privacy for more information.

Lots of interesting company updates in the UK small caps space, including several profit warnings. It's feeling more cautious out there, for sure.This regular weekly podcast is a fast-paced monologue from Paul Scott, lead writer of the Small Cap Value Reports on Stockopedia.com Hosted on Acast. See acast.com/privacy for more information.