The Vox Markets Podcast 2223: Small-cap Investing with Paul Hill and Paul Scott
Oct 29, 2025
Join equity analyst Paul Scott, a seasoned commentator on UK small caps, as he dives into 21 promising stock ideas with host Paul Hill. They explore MJ Gleeson's appeal amidst rising mortgage rates, debate Idox's bid strategies, and assess MPac's recent surge. The duo also tackles Alumasc's undervaluation, Bioventix's competition challenges, and the implications of AI on RWS. Additional highlights include insights into Centaur Media's cash returns, Ingenta's growth potential, and the speculative nature of Creo Medical. An insightful listen for small-cap enthusiasts!
AI Snips
Chapters
Transcript
Episode notes
Top-Slice After Rapid Rerating
- Top-slice a rapidly re-rated holding after a big positive update to lock gains.
- Keep a core holding to benefit from further upside while reducing downside risk.
Factor Chinese Competition Into Building Stocks
- Be cautious with manufacturers reliant on Chinese supply because direct Chinese-to-consumer competition can undercut margins.
- Factor re-rating from past lows into any purchase decision for Norcross.
Distributors Benefit From Sourcing Skill But Face Cyclicality
- Owner-managed distributors can outperform when supply-chain skills and product sourcing matter.
- Structural gains (e.g., air-fryer boom) can be temporary, so adjust expectations.