Small Caps Podcast with Paul Scott

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Put time stamps in here later.

Mains ones -

VLX (xx:xx))

TTG

SOLI

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Just my personal opinions, never advice or recommendations. Please always do your own more thorough research.

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Just my personal opinions, never advice or recommendations. Please always do your own more detailed research.

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As always, just my personal opinions, never advice. You must do your own, more detailed research please.

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Never advice, just my own personal opinions. Please always do your own research.

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My content has now moved to: https://paulypilot.substack.com/

Please join me there (it's free for a week or two, but will then become subscription for premium and current comment, but with some free stuff too).

A very reasonable £100/year, or £10/month, which given I create c.250 daily reports, and the same number of podcasts, plus access to all my other stuff, is deliberately set to be affordable and good value, I hope! It's a lot of quality content for not much money, but I know people prefer things to be free - bur independent commentary has to be paid for, and remember I don't take any money from companies, so my stuff is all brutally honest, not PR!

Also see my new weekly roundup show with Paul Hill on Vox Markets, the first show is here: https://www.youtube.com/live/fx6puuq21SE?si=9uUM335OSY7up5l5

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Just personal opinions, never advice or recommendations. Please always DYOR.

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See previous notes.

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10 companies covered in my Substack.com/@Paulypilot

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A short daily podcast on small/mid caps. Let me know if this is of interest!

As always, just my opinions, never advice, and please always do your own research & take professional advice if necessary.

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This week was totally dominated by the Budget, with this week's Small Cap Value Reports (on Stockopedia) giving extensive coverage & interesting reader comments debating the pros & cons. Overall, I think the removal of uncertainty in many areas now allows businesses and individuals to plan ahead again, and I'm positive on the potential for an autumn/winter recovery in small caps, which often starts around this time of year.

As usual, nothing is advice, these are just my personal opinions, which are sometimes right, and sometimes wrong - because nobody can reliably predict the future!

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Press reporting suggests a substantial hike in employers NICs could be announced on this coming Wed 30 Oct's budget. I crunch some numbers, which demonstrate that retail and especially hospitality could be facing significant falls in profit, hence maybe best avoided until the dust has settled?

Expect carnage if they cut AIM's IHT exemption, or a big rebound if they don't! Place your bets ...

Lots of companies reporting again, with 5 profit warnings, 8 GREENs (things we like the most), and 7 AMBER/GREENs (moderately positive).

As always, please remember I'm only giving my personal, fallible opinions here. You must do your own more detailed research, and not rely on my views, as they will sometimes be right, but sometimes wrong, and nobody knows what the future holds.

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Sorry this is a week late. I rattle through 51 companies reporting between 14-18 Oct 2024. As always we find some potentially interesting ideas (remember we're only doing quick reviews, you need to do your own much more detailed research, hence why nothing is recommendations, just quick opinions).

We're all waiting for the Budget, in case investors get clobbered. If not as bad as feared, then hopefully we could see buyers snap up UK small cap bargains.

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I have a good rant about "trading updates" that don't even state if the company is ahead/in line/below market expectations. We need clearer, more honest reporting, not increased PR obfuscation!

As always, my work is independent (my opinions cannot be bought!), but also fallible, since we cover so much ground and might not necessarily spot all the detail. Hence it is essential that you must do your own more detailed research. Our opinions are just that, they are never advice, nor recommendations, and are subject to change when the facts change, as they frequently do.

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Usual stuff! My personal opinions only, never advice. As we wait for the Budget on 30/10/2024 AIM seems wobbly. 7 profit warnings this week.

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Sorry it's so long, but there was masses of stuff to cover!

As usual these are just my personal, strictly independent opinions. I don't take any money from any listed companies, as my views are not for sale!

Please always do your own more detailed research, because our views are certainly not infallible, and we only do quick reviews. Also we're not time travellers from the future, so we don't know what the future holds, it's just guesswork for everyone.

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Lots of brief comments, due to the sheer volume of H1 results out this week. A few little gems buried in the mass of mostly "in line" performance.

As always, just my personal opinions, never advice, as you must do your own more detailed research.

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Another rapid summary of all the week's main small & mid caps news. Why I'm bullish on UK stocks. Please remember all my stuff is opinions only, not advice, and you must do your own research!

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My usual weekly recap on the Small Cap Value Reports, written by me & Graham Neary, only on Stockopedia.

As usual we never give advice, these are purely our personal opinions, which change as the facts change over time.

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My usual weekly recap on small/mid cap results & trading updates. Remember these are only my personal opinions, never advice or recommendations. No rants this week, as nobody has pissed me off particularly! (that's a first!!) Hunting (HTG) is my favourite share of the week (I hold), looking a decent, quality growth company, on a modest valuation, and with a lovely balance sheet too. The mgt IMC webinar was an excellent briefing on what they do, worth watching the recording.

I expect we're now coming to the end of the quiet summer period, so we're bracing for a deluge of updates in Sept.

I also ponder if the widely anticipated attacks on savers & pensions from the Labour Govt (with it's incredibly poorly judged messaging of impending doom) might be harming markets by incentivising investors to cash out at a lower CGT rate?

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My usual weekly roundup of our Stockopedia reports. Plus a few macro factors, which all look encouraging to me.

And a rant about one of our (few) resident clowns who has resurfaced and irritated me in the comments section LOL!

I continue to see a positive autumn outlook for UK small/mid caps, but as always, anything could happen.

Just my views, never advice - so please always do your own research (DYOR).

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As usual this summary of the week's Small Cap Value Reports from Stockopedia are just mine and Graham's personal opinions, which will sometimes be right, and sometimes wrong, as the facts change over time. Therefore please always do your own research.

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My usual summary of the week's Small Cap Value Reports, written by Graham & I on Stockopedia.com

My take on the market volatility is that's it's provided me with some buying opps, let's hope I'm right.

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As usual, just mine & Graham's personal opinions on lots of companies reporting trading updates & results.

Please do your own more detailed research.

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Roland and Graham did a lot of the work this week, as I took 2 days off for a funeral of a lovely old friend from my Southampton days, Andy Symonds - one of the kindest, most supportive, loyal, funny, and likeable people I've ever had the good fortune to be part of my life.

Back to work now though. As usual we found some interesting share ideas to fling at you for further research.

As always, we never recommend - we just come up with some ideas, for you to do proper, detailed research on.

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Loads of interesting companies reporting this week. As always these are just my personal opinions, they're not recommendations, or infallible predictions of the future!

More detail can be found on Stockopedia - if you're already a member, thank you. If not, why not try a 2-week free trial and join our knowledgeable and friendly community?!

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Here's my latest weekly roundup of UK results/trading updates, covering 60 companies!

As always please remember these are just my independent (we are not paid by any companies other than Stockopedia) opinions, based on quick reviews of lots of companies. We may miss things, so it's vital you do your own research.

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Sorry I rambled on about politics too much! Plenty of shares to covered too.

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I rattle through 40 small/mid cap companies this week, with the usual mix of dross, interspersed with some good ideas!

As always, just my opinions after doing quick reviews, so these are never recommendations, you need to do your own much more detailed research.

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Another busy week, with some decent companies unearthed!

As always, these are mine/Graham's personal opinions, never advice or recommendations.

You must do your own more detailed research, as we're only doing brief reviews.

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A somewhat sorter podcast this week, as I'm away in Washington DC, meeting my American cousins (literally!) for the first time. What a gorgeous city too, I'll definitely be coming back, loads to see and do, and all so leafy & pleasant.

Thanks to Graham for covering for me especially on Thu & Fri.

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As always these are just my independent (nobody can buy our views!) opinions on many companies. You must do your own research, as we never give advice, just our view from a brief review of each share.

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Lots of companies to cover again this week, as I summarise our opinions on many company trading updates & results.

My macro view remains positive, as economic indicators improve, and I doubt the election is likely to have much effect either way.

Plus a mystery share from Friday's report!

Please remember we never give advice. These are just our honest, unbiased opinions, which are sometimes right, and sometimes wrong, as we cannot be expected to predict the future. So you must do your own research, and not rely on us, as we might miss something important, due to covering so many companies in a limited time available.

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29 companies reviewed this week by Paul & Graham, in the UK's leading independent small caps commentary.

Always just opinions, never recommendations. Remember nobody can buy our views, we do not take any money from companies.

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Usual stuff - views, not recommendations or advice. As always, you must do your own research.

The lovely bull market continues, about time too! I hope you're all making pots of money :-)

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Continuing my summary of the week's SCVRs. Always just my fallible opinions, never advice.

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Yes I'm back in Gozo, my favourite tiny island of them all. A few technical problems, and drinking Cisk in the sun, means things didn't go completely to plan. Also podcastle stopped me and demanded a 145 Euro fee to continue, which didn't amuse me. So I paid the ransom, against all my principles, and continue in part 2.

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I've been bullish for small caps since autumn 2023, and it's looking increasingly that I was right. Takeover activity (esp from US private equity) is almost daily proof that UK mid caps especially are often too cheap. Graham & I have seen c.20% gains in our top ideas lists in just 4 months. This is an exciting time to be buying cheap, carefully selected UK stocks I think, ignore the doomsters, they're way behind the curve!

As always, we fling lots of ideas at you to look at, essentially doing your own more detailed research from our quick reviews. We're never recommending, just providing some ideas for research.

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My usual weekly roundup of many companies reporting. Plus a good rant about EBITDA!

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My usual weekly round-up of the 47 companies we reviewed in this week's Small Cap Value Reports.

As always, these are just mine (and Graham's) opinions, never recommendations or advice. You must do your own research, as we're only doing quick reviews, not in-depth research.

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My usual weekly recap of the small/mid cap companies reporting. Also some overall market thoughts (I remain very positive on the outlook for cheap small/mid caps, selectively). 3 more takeover approaches confirms that the market is too cheap in places.

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Paul's usual weekly roundup of small/mid caps results and trading updates.

To emphasise - we're never recommending anything, just giving our personal opinions after a quick review. So it's vital to do your own more detailed research please.

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As always, my weekly recaps on small/mid cap news & views are not advice or recommendations, just my personal views.

As usual I quickly run through all the companies myself & Graham have written about in the Stockopedia Small Cap Value Reports.

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My usual weekly summary of companies myself and Graham have written about in our small cap value reports on Stockopedia.com

As always, these are just my personal opinions, never advice. You must do your own research please, as we cover so many companies, we're only doing quick reviews, so might miss something important.

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Paul Scott summarises this week's Small Cap Value Reports on Stockopedia. Covering >50 companies, branching out into mid caps as well as all the usual small cap stuff. Please remember this is just news/views, never advice or recommendations.

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Coverage in the Small Cap Value Reports is extended now to plenty of mid caps, and big daily % movers, as well as the usual coverage of trading updates & results statements. Another very busy week.

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Nightmare! I've had to re-record part 2, due to terrible sound quality of original, sorry!

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After recovering from technical failure, Paul continues this week's roundup of many companies reporting updates, and price movers too - the theme this week is price spikes and subsequent fundraisings! Beware of that, there's a lot of it about.

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My usual weekly roundup of UK small caps was interrupted when my laptop recorder crashed. So I'll publish this with an abrupt stop, then record part 2 & publish that shortly.

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44 UK small & mid caps covered in this week's round up of the Small Cap Value Reports on Stockopedia.

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I last interviewed Gordon McArthur, Beeks CEO/Founder in Oct 2022. So I asked him back to talk through the recent surge in share price, following contract wins and increased broker forecasts for FY 6/2024.

Disclaimers - I do hold a small position (less than 1% of my portfolio) in Beeks shares. I did not charge a fee. This is not financial advice, it's just for general interest, and you must do your own more detailed research please.

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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.

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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.

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Paul's usual summary of the week's Small Cap Value Reports on Stockopedia. Lots of interesting companies, and a mystery share!

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A massive number of small to mid caps reporting, Paul rattles through most of them here

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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.

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Huge number of small & mid caps reviewed this week!

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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.

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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.

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UK small caps investor/commentator, Paul Scott, runs through the week's Small Cap Value Reports on Stockopedia.com

As 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?!

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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.

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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.

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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.

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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!

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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!

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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.

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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.

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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.

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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!

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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.

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I hope this is of interest, some more random stuff about small caps, markets, and macro - eg

Avoiding 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!

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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.

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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.

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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!

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Apologies for my absence last weekend, as I was sick with covid. Now mostly recovered, and testing negative, I'm pleased to report!

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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?

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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.

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Paul rattles through dozens of UK small company results & trading updates that we wrote about in the Stockopedia Small Cap Value Reports.

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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!

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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.

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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!

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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 data

UK energy prices - savings not being passed on to consumers

Conflicting 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.

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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.

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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.

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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?!

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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!

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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).

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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?

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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.

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As usual, inflation & interest rates dominate. Also water cos.

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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,

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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?

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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.

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All eyes on interest rates, inflation, GDP & AI! Paul sees contradictory signs.

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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.

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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.

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