Episode 17 of my weekend podcast has just been published - it's on podcast platforms (search for "Paul Scott small caps"). Or also audio is available here on my website here. My style is relaxed & conversational.
I thought it would be a nice service for Stockopedia subscribers if I also type up a summary for you, which also makes clear what the "mystery shares" are - these are my best ideas from the week's results/trading updates.
Weekend Podcast Summary
Another tumultuous week, with Liz Truss' resignation. A shares blog should be about shares! So no half-baked political views from me here. John Authers (Bloomberg) brilliant daily email pointed out that political factors are now irrelevant, because the Gilt & forex markets now dictate policy.
CEO interviews - I’m doing more of these (audio), and putting written summaries for Stockopedia subscribers only. I only approach companies if they demonstrate -
- Strong current trading
- Strong balance sheet
- Good business model
- Strong management, executing well
- Shares reasonably priced.
Many things meeting my criteria are dirt cheap. Rich pickings, if you’re prepared to look through macro. I’m super bullish on many individual shares. Companies with recurring revenues, contract wins, could sail through.
Monday -
Interview with Lisa Montague at Sanderson Design (LON:SDG) - excellent CEO, good turnaround. Good recent update. I must buy some shares myself, but haven’t got any spare cash. Very impressive & entertaining interview - she’s a strong character, and good fun too.
ASOS (LON:ASC) - ominous press reports of bank negotiations & trade credit insurer reducing cover.
Made.Com (LON:MADE) - hanging by a thread. Needs interim funding from anyone that wants to buy it. So why not just wait for it to go bust, and buy it cheaper from the administrator? Very high risk.
Audioboom (LON:BOOM) - Q3 update. Could struggle against tougher LY comps from now. Advertisers pulling back? Cash position OK. Mgt doing a good job. Crowded space (podcasting), low margin. Someone might buy it though, for US revenues.
Graham looked at Eve Sleep - gone bust, no surprise, we concluded in Jan 2022 that it was a dead loss. Rubbish business model, and well-funded competition. Graham also looked at Victoria (LON:VCP) and RM (LON:RM.)
Tuesday -
Mystery share no.1 - for Stockopedia subscribers only! (it’s Sosandar (LON:SOS) )
finnCap (LON:FCAP) - received…
