UK Small/Mid Caps Podcast with Paul Scott

Not a lot to report this week, but Paul ponders the general macro overview, and wonders whether the big & rapid interest rate hikes might be setting us up for a slide into recession?Also a motivational quote from a friend, on how to deal with heavy losses in the stock market. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott, UK small caps specialist, runs through the main items covered in this week's Small Cap Value Reports from Stockopedia.com, written by Paul and Graham Neary, with occasional help from Roland Head.Most companies are still reporting results in line with expectations, but some profit warnings too. Hosted on Acast. See acast.com/privacy for more information.

Paul talks about the latest news on interest rates, inflation, etc. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott runs through the companies covered in this week’s Small Cap Value Reports on Stockopedia.comAs usual, Paul doesn’t pull any punches with criticism of poor results, especially from eCommerce giants Asos and THG – both look like possible zeroes, if they’re not able to pull off their turnaround plans.Profit warnings from building products suppliers MSLH and ECEL come into focus – is the sector now cheap enough to bottom-fish for a recovery in 2024 and beyond? Maybe, who knows!?Plus dozens of other companies that Paul & Graham reviewed.Paul also explains our traffic light system – which we assumed would be obvious, but for anyone confused;Green means a company looks securely financed (so low risk of dilution/insolvency), is trading OK, and looks reasonably priced.Amber means no strong view either way, andRed means there are significant problems, especially over financing, dilution risk, see more detail in our reports which will spell out the risks.Can we predict what future share prices will do? No, because the market is driven by investor sentiment, and sometimes higher risk shares can produce strikingly good share price movements. All we’re saying with our traffic light system is – this is our initial view, and over to you for the detailed research of your own. Hopefully we save people time by flagging good and bad points about each share, that’s the idea! Hosted on Acast. See acast.com/privacy for more information.

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Dozens of small caps reported trading updates & results, which Paul rattles through here. Hosted on Acast. See acast.com/privacy for more information.

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Paul's usual commentary on UK small caps news & markets Hosted on Acast. See acast.com/privacy for more information.

Macro news discussed. Small caps still very depressed, with little volume, and not much sign of buoyant larger caps feeding through to investments in smaller companies. But lots of bargains to be had - so bad news is good news, longer term maybe? Hosted on Acast. See acast.com/privacy for more information.

Paul Scott runs through this week's small caps results & trading updates. Hosted on Acast. See acast.com/privacy for more information.

Paul regurgitates interesting snippets of news & views on broader macro & markets.Unfortunately, my voice recorder malfunctioned, and I thought I'd lost the recording, so there is a blank patch, and some swearing near the end, so my apologies for that.Also contains references to cross-dressing. Hosted on Acast. See acast.com/privacy for more information.

Lots of interesting shares covered this week. Paul summarises this week's Small Cap Value Reports, exclusively on Stockopedia.comAll reviews are just our personal opinions, never advice or recommendations.We tell it as we see it, so truly independent commentary that doesn't pull any punches! Hosted on Acast. See acast.com/privacy for more information.

This week has seen continued recovery in larger caps, but very depressed markets for small caps. Paul sees this positively - with very attractive (low!) valuations on many of the better quality small caps. Signs of slowing economies mean we're likely to see more profit warnings, which so far seem to be more in the BtoB sectors. Will consumer stocks surprise on the upside? It's possible, given 10% pay rises this month for pensioners, benefit claimants, and minimum wage - a major boost to household pay packets. Hosted on Acast. See acast.com/privacy for more information.

Paul was on holiday in Gozo, so this week's SCVRs were written by Graham & Roland.In this podcast, Paul runs through the week's small cap results & trading updates, and gives more detailed views on D4T4 and Saga updates.Part 2 will be up later, for macro/markets news & views. Hosted on Acast. See acast.com/privacy for more information.

(sound starts at 00:28 – sorry, I don’t have my usual audio editing software with me, as I’m in Malta)Paul interviews renowned investor Richard Crow @CockneyRebel, who gives us his latest macro thoughts, and lots of stock ideas for us to research ourselves (Richard holds most of the shares we discuss)Our last interview was here in July 2022.Richard is bullish, seeing the market as exceptionally cheap right now. He’s also upbeat about the outlook for consumer-facing stocks, and runs through lots of interesting share ideas.As always, we’re never giving advice or recommendations, and some of these stock ideas will do well, and some badly. That’s the way it always goes. Richard has an excellent long-term track record, which is why I value his opinions.Here is the link to Richard's recently launched shares blogging website. Hosted on Acast. See acast.com/privacy for more information.

Is the banking turmoil receding? Possibly, we don’t know. Lots of other interesting snippets that I picked up over the week. Overall, as explained, I see positive signs, which combined with bombed out small cap valuations, means we’re seeing bargains galore. But the ever-present risk of profit warnings means it won’t be plain sailing.As always, just my views, which are sometimes right, sometimes wrong. Never advice or recommendations, you must do your own research, thanks. Hosted on Acast. See acast.com/privacy for more information.

Paul’s weekly podcast summary of UK small caps results & trading updates, covered in the Small Cap Value Reports on Stockopedia.com – many thanks to everyone who subscribes.As always, these are never share recommendations, we’re just flinging lots of ideas at you, for your own more detailed research if you like the sound of them. We always disclose if we hold any individual share personally.See part 2 for macro/markets news & views. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott interviews Mike Raybould, CEO of Portmeirion Group – owner, and manufacturer of famous pottery and homeware brands.2022 results impressed me, with the company back up to pre-pandemic level of profits. Yet the market has taken little notice, with the share price still bombed out, and offering obvious value to investors (forward PER of 6.8, and a 5% dividend yield, covered 3x).See the company’s investor relations website here for a downloadable slide presentation pack, very interesting.Also see InvestorMeetCompany for a recorded video webinar of recent results.In this interview I ask Mike about specific topics of interest to me, and I tried not to duplicate too much material available elsewhere.Please note this interview is for general interest, and is NOT advice or a recommendation. This is an independent interview – no fee was charged. Paul does have a personal shareholding in the company. These interviews are for general interest, not a commercial enterprise.I hope you find it interesting, and do leave your feedback/comments. Hosted on Acast. See acast.com/privacy for more information.

Belvoir has established an excellent track record of growth (e.g. profits up c.3-fold in the last 5 years). Yet the shares have been languishing of late, despite decent 2022 results announced this week. I see value in the shares, and like the 5% dividends, plus self-financed acquisitive growth.In this interview I tried not to duplicate a very comprehensive recent webinar here on InvestorMeetCompany, so suggest people watch that first, then my interview which tries to focus on some other points.The company’s comprehensive presentation slide deck is here, well worth a look, for more detail.Please note this interview is for general interest, and is NOT advice or a recommendation. This is an independent interview – no fee was charged, and Paul does not have any personal shareholding in the company. These interviews are for general interest, not a commercial enterprise. Hosted on Acast. See acast.com/privacy for more information.

A separate 30m podcast covering all the macro stuff, in a week once again dominated by banking turmoil. Hosted on Acast. See acast.com/privacy for more information.

A 2-part podcast on UK small caps news this week, as there's so much to cover - we reported on 48 small cap results/trading updates. One mystery share (for Stockopedia subscribers). Plenty of interesting companies reporting, and plenty of dogs to warn you about too! Hosted on Acast. See acast.com/privacy for more information.

Another week dominated by the banking crisis, with equity markets sharply down. Paul gives a personal view on the issues, and runs through some interesting smaller company results & trading updates. One mystery share this week - see Friday's SCVR for more details. Hosted on Acast. See acast.com/privacy for more information.

Paul runs through the UK small caps reporting results & trading updates. Plus thoughts on the WANdisco fraud, banking collapse of SVB, and lots of profit warnings. It's all looking rather wobbly again. Hosted on Acast. See acast.com/privacy for more information.

Paul's usual weekly recap of small caps news from Stockopedia small cap value reports Hosted on Acast. See acast.com/privacy for more information.

We’ve seen profit-taking in the last fortnight, which is to be expected after such a good run in many shares since October’s lows.Apologies for last week’s absence, I’ve caught up by covering 2 weeks’ worth of UK small caps news in this latest podcast, summarising the best bits from Stockopedia’s famous Small Cap Value Reports, written by Paul Scott, Graham Neary, and guest star Roland Head.As always, we’re just expressing our opinions, which will sometimes turn out to be right, and sometimes wrong, because things change. Hosted on Acast. See acast.com/privacy for more information.

Paul's wondering if the big rally in small caps might be getting a bit overheated?The avalanche of company news is now receding, and Paul even managed a face-to-face company meeting this week, for the first time post covid, which was a great pleasure. There's really no substitute for meeting management. Hosted on Acast. See acast.com/privacy for more information.

Paul's usual commentary on UK small caps news & markets Hosted on Acast. See acast.com/privacy for more information.

With 2022 trading updates still coming thick & fast, Paul rattles through dozens of small cap shares that have updated the market.No time for macro comments. Quote at end is very interesting, from Guy Hands' autobiography, "The Dealmaker" - highly recommended. A warts & all account of his life, successes & failures. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott rattles through 62 (a new record!) UK small caps trading updates, written about in this week’s Small Cap Value Reports (exclusively available on Stockopedia)A big boost to my personal portfolio occurred on Friday, with a 200% premium takeover bid for Seraphine (BUMP). It was high risk: high reward, so I’m very relieved an excellent outcome has happened. Maybe more luck than judgement!Plus some brief macro news/views towards the end of this recording. I’m still a bit wary of this frantic “everything rally” we’ve had since October.Do leave feedback or reviews, thanks Paul. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott interviews Sam Bazini, founder/CEO of makeup company Warpaint London.I’ve been impressed with strong performance, and a series of “ahead of expectations” updates from W7L, so I approached the company to see what’s driving this out-performance, and whether it’s likely to be sustained.Please note this interview is for general interest, and is NOT advice or a recommendation. This is an independent interview – no fee was charged, and Paul does not have any personal shareholding in the company. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott’s weekly recap of interesting UK small cap announcements included in the Small Cap Value Reports on Stockopedia.comA deluge of trading updates, we’ve been super-busy, covering a record 46 companies! Mostly in line updates, and surprisingly some ahead of expectations ones too. 8 profit warnings. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott has written the Small Cap Value Reports on Stockopedia for the last 10 years, and reviews each day's small caps results & trading updates, offering analysis & opinion. Hosted on Acast. See acast.com/privacy for more information.

Recapping on a short week, with only 3 Small Cap Value Reports on Stockopedia.comPaul also ponders themes for 2022, and 2023.Wishing all listeners a very happy new year! Hosted on Acast. See acast.com/privacy for more information.

Part 2 of this week's UK small caps podcast from Paul Scott (and brother Andy on saxophone) Hosted on Acast. See acast.com/privacy for more information.

Sorry the voice recorder crashed after 14 minutes. The rest is in part 2.Paul's usual weekly summary of the main points in the week's Small Cap Value Reports (SCVRs) exclusively on Stockopedia.Never advice, just my personal opinions - sometimes wrong, sometimes right. Hosted on Acast. See acast.com/privacy for more information.

Paul's usual commentary on UK small caps results & trading updates Hosted on Acast. See acast.com/privacy for more information.

Paul's usual weekly recap of the SCVRs on Stockopedia Hosted on Acast. See acast.com/privacy for more information.

Apologies for this episode being late. I run through the companies we reported on last week, in the Stockopedia small cap value reports. Lots of profit warnings, which makes me nervous about this market rally. Hosted on Acast. See acast.com/privacy for more information.

This week's summary of UK small cap results, covers loads of companies, and macro points. Hosted on Acast. See acast.com/privacy for more information.

This week was dominated by the Mello Chiswick investor conference, which I thoroughly enjoyed. But Graham and I still managed to publish 5 Small Cap Value Reports, with an unprecedented 4 mystery shares!As always, this is never investment advice, nor recommendations, it's just my personal opinions. Hosted on Acast. See acast.com/privacy for more information.

A powerful rally in markets continued, as hopes for peak inflation & interest rates have grown. However, the UK is moving into a recession, and corporate earnings have only begun falling. So could this be a bear market rally? I'm cautious, but also excited by some of the very low individual company valuations.As always, nothing in this podcast is advice or recommendations, just my personal opinions – which sometimes turn out to be wrong, sometimes right.I appreciate any feedback, so please feel welcome to leave comments about companies or macro, or these podcasts more generally. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott interviews Nick Kelsall, CEO of bathroom fittings group, Norcros (NXR).Resilient H1 results were published this week by Norcros. I ask Nick about various topical issues, such as inflation, sourcing from China, recession, acquisitions, bank borrowings, the low valuation on NXR shares despite many legacy issues now having been dealt with, or greatly reduced (e.g. pension deficit).Please bear in mind that this is for general interest, it is NOT a recommendation or financial advice. You need to do your own research, and take advice as appropriate. I did not charge a fee, and I do not hold any shares personally. Hosted on Acast. See acast.com/privacy for more information.

I asked to speak to the CEO of Virgin Wines, after being impressed with resilient results for FY 6/2022. VINO also has a strong balance sheet, with net cash. The share price has fallen a lot since IPO, and now strikes me as being decent value, providing holds up during the seemingly likely recession.NB. These podcasts are for general interest only, they are not recommendations or advice. I did not receive a fee (or any free wine!), and do not hold any shares personally. Please always do your own research. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott & Graham Neary write the daily Small Cap Value Reports on Stockopedia.This is a summary of the companies we looked at, and also some macro/markets thoughts from Paul nearer the end. Hosted on Acast. See acast.com/privacy for more information.

Andy Gossage of UPGS answers my questions following publication today of strong results for FY 7/2022. Also a solid current trading update. So where's the consumer downturn? Andy makes lots of interesting points about supply chain, freight costs, gross margins, and other things of wider read-across to many other companies. UPGS sailed through the pandemic, and they seem pretty confident about sailing through this downturn too.As always, this is just for general interest, and is NOT a recommendation, nor advice. I did not charge a fee, and do not hold the shares personally. Hosted on Acast. See acast.com/privacy for more information.

Continuing my series of CEO interviews, where I approach companies that are performing particularly well. Revenues & profits have shot up at Cerillion since 2020, and its founder/CEO Louis Hall explains how various factors have come together to create a big opportunity for this software company specialising in providing mission-critical services for telcos globally.Please note this interview is for general interest, and is NOT advice or a recommendation. This is an independent interview - no fee was charged, and Paul does not have any personal shareholding in the company. Hosted on Acast. See acast.com/privacy for more information.

Paul's recap of the week's Small Cap Value Reports on Stockopedia Hosted on Acast. See acast.com/privacy for more information.

With interest rates on bonds now being much more attractive, and safer than equities, are they worth considering as part of a balanced portfolio?NB. This is a specialist area, so please take appropriate advice. This is for general interest only, and we're not making any recommendations or giving any advice. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott’s regular weekly recap of the Stockopedia.com Small Cap Value Reports (now in its 10th year!)Please remember this is all just my personal opinions, it's never advice or recommendations. Our ethos at Stockopedia is to encourage everyone to do your own research. Hosted on Acast. See acast.com/privacy for more information.

Paul Scott interviews David Stirling, CEO of Zotefoams (ZTF).These are my criteria for choosing companies that I ask to do an interview (it’s by invitation only!)Good recent trading & outlook,Strong balance sheet,Good management & strategy, executing well, andReasonable share price valuation.Zotefoam fits the bill, so here I run through some questions with its CEO, David Stirling. Note that he was at a trade show in Germany, so the mobile phone signal wasn’t ideal, apologies for this, but it’s fine I think, we can hear what he says.A written summary will be posted later on Stockopedia.Disclaimers – I did not charge any fee for this interview. I do not hold shares personally in ZTF. This podcast is for general interest only, it is NOT financial advice nor a recommendation, so as always, please do your own research. Hosted on Acast. See acast.com/privacy for more information.