UK Small/Mid Caps Podcast with Paul Scott

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.