Bruce Packard and Mark Simpson discuss two of our most recent additions to our portfolios. UK inflation figures and whether the corresponding market moves are logical or not. We touch on house-builders and building product suppliers. How much investors should pay for quality companies such as Games Workshop?

Other key topics:

• Companies discussed include Reach (RCH), Games Workshop (GAW), Anglo-Eastern Plantations (AEP), M.P.Evans (MPE), National World (NWOR) and many more.
• A robust debate on how investors should apply their own adjustments to financial figures using REACH as an example.
• How do we manage the consistent flow of UK small-cap and wider market news?
• Debating the meaning of what a strong balance sheet means.
• Value vs. Quality throughout the discussion.

// SUPPORT US //

Join private investors Mark Simpson, Bruce Packard, Roland Head and Maynard Paton as they discuss their shares, portfolios, and the markets in a mix of healthy debates, lively conversations, and in-depth discussions. You can also submit your questions for the hosts to answer on The Investors Round Table Podcast.

The link to join the podcast subscription is here: https://bit.ly/447Mdw2

Timestamps:

3:00 Discussing how Bruce and Mark manage the consistent news flow.

6:00 Discussing UK inflation figures and whether the corresponding market moves are logical or not.

8:40: Discussing house builders and building product suppliers.

10:10 Discussing what a strong balance sheet is.

18:15 Discussing how much investors should pay for quality companies such as Games Workshop.

22:45 Discussing Bruce's recent purchase of M.P. Evans (MPE), modelling, and other commodity producers.

29:15 Discussing pension liabilities, and financial adjustments using Reach (RCH) as an example.

38:40 Discussing Mark's recent purchase of National World (NWOR).

42:00 Looking at unpopular corners of the market for value and closing thoughts.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Mark & Bruce Resources.

// LINKS //

Visit and join pipod here: https://bit.ly/447Mdw2

Buy Marks Book Here: http://excellentinvesting.org/

Visit Bruce's Blog: https://brucepackard.com/

Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/

// Social Links //

Follow Bruce on Twitter: https://twitter.com/bruce_packard

Follow Mark on Twitter: https://twitter.com/DangerCapital

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

This time on The Investors Round Table Maynard Paton, Roland Head, Mark Simpson, and Bruce Packard discuss asset allocation and the investment potential of Ocean Wilsons (OCN), Tristel (TSTL) & Arcontech (ARC).

A healthy four-way debate about the shares they own, their portfolios, and the markets.

//SUPPORT US//

Join private investors Mark Simpson, Bruce Packard, Roland Head and Maynard Paton as they discuss their shares, portfolios, and the markets in a mix of healthy debates, lively conversations and in-depth discussions. And submit your questions for the hosts to answer!

The link to join the podcast subscription is here: https://bit.ly/447Mdw2

Timestamps:

3:50 Why Bruce bought Ocean Wilsons (OCN).

5:30 A four-way discussion about the investment potential of Ocean Wilsons (OCN).

20:05 Why Mayanrd bought Tristel (TSTL).

23:35 A four-way discussion about the investment potential of Tristel (TSTL).

38:30 Why Mark bought Arcontech (ARC).

42:25 A four-way discussion about the investment potential of Arcontech (ARC).

51:05 A four-way discussion about the value of asset-allocation.

Thank you for listening, we hoped you enjoyed the episode.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Maynard, Roland Mark & Bruce Resources:

The link to join the podcast subscription is here: https://bit.ly/447Mdw2

Visit FYR for more investors related podcasts: https://www.fundyourretirement.com/

Follow Maynard on Twitter: https://twitter.com/maynardpaton

Visit Maynard's Quality UK Investment website here https://maynardpaton.com/

Follow Roland on Twitter: https://twitter.com/rolandhead

Visit Roland's Dividends Investing website here: https://www.rolandhead.com/

Follow Mark on Twitter: https://twitter.com/DangerCapital

Buy Marks Book Here: http://excellentinvesting.org/

Follow Bruce on Twitter: https://twitter.com/bruce_packard

Visit Bruce's Blog: https://brucepackard.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

This time Maynard Paton and Roland Head discuss the investment potential of investment platforms IntegraFin (IHP), AJ Bell(AJB) and Hargreaves Lansdown (HL), but which one?

IntegraFin (IHP) is an investment platform like Hargreaves Lansdown (HL) and AJ Bell (AJB) but for financial advisers only. IntegraFin was founded in 1999 and is an FTSE 250 company with a co-founder still on the board who is still a significant shareholder.

During this podcast, Maynard and Roland discuss IntegraFin and its reoccurring revenue from management and platform fees comparing them to AJ Bell and Hargreaves Lansdown, who are both looking cheap right now.

// SUPPORT US //

Join private investors Mark Simpson, Bruce Packard, Roland Head and Maynard Paton as they discuss their shares, portfolios and the markets in a mix of healthy debates, lively conversations and in-depth discussions. And submit your questions for the hosts to answer!

The link to join the podcast subscription is here: https://bit.ly/447Mdw2

Timestamps:

0:45 Important announcement about the podcasts hosted by Maynard, Roland, Mark & Bruce.

3:20 What does IntegraFin do and its impressive consistent net inflow of client money.

5:30 Discussing owner management.

6:45 Discussing the valuation and yield.

8:30 Discussing the varying different products on offer.

9:30 Comparing IntegraFin's client base to AJ Bell

11:15 IntegraFin has a heritage of disruption and being a client champion.

15:30 Comparing the growth of IntegraFin to AJ Bell.

17:45 Discussing IntegraFin's onshore and offshore bonds.

20:30 Discussing the profit notes in the accounts.

22:00 The top ten companies in this market and how much client money they have.

24:30 Discussing Blackrock who is a 7% shareholder.

27:05 Discussing the 22 billion of client finds that show up in IntegraFin's accounts.

31:00 Discussing the management of IntegraFin.

35:10 Discussing staff creeping staff costs.

38:00 Discussing room for growth.

39:45 Discussing other growth projects in the pipeline.

41:05 discussing the valuation of IntegraFin.

42:30 Comparing IntegraFin to AJ Bell and Hargreaves Lansdown

45:15 Could these companies become cheaper?

46:15 Closing thoughts and wrap up

Thank you for listening, we hoped you enjoyed the episode.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Maynard, Roland & Podcast Resources:

// LINKS //

Visit our podcast subscription joining page here: https://bit.ly/447Mdw2

IntegraFin website: https://www.integrafin.co.uk/

Visit Maynard's Quality UK Investment website here https://maynardpaton.com/

Visit Roland's Dividends Investing website here: https://www.rolandhead.com/

Visit Fund Your Retirement: https://www.fundyourretirement.com/

// SOCIAL //

Follow Maynard on Twitter: https://twitter.com/maynardpaton

Follow Roland on Twitter: https://twitter.com/rolandhead

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Bruce Packard and Mark Simpson discuss artificial intelligence, UK small-caps DX Group (DX), Bruce's recent purchases of Frontier Developments (FDEV) and the most recent addition to Mark's portfolio Paypoint (PAY).

Other key topics:

How to potentially play the artificial intelligence mania.

Attending Mello and listening to Lord Lee present.

Paypoint (PAY), DX Group (DX) Frontier Developments (FDEV).

When is the right time to use stop losses?

Broker forecasts and investor red flags to watch out for.

Private equity IPOs.

Timestamps:

1:15 discussing the AI mania, AI applications and potentially how to play it.

9:30 Attending Mello and listening to Lord Lee.

15:30 Discussing Paypoint (PAY)

19:10 When is the best time to use stop losses?

22:00 Discussing Frontier Developments (FDEV).

24:45 Brokers forecasts and red flags to look out for.

28:45 Frontier Developments and how companies use EBITDA.

32:00 Discussing DX Group (DX)and private equity IPOs

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Mark & Bruce Resources.

Follow Mark on Twitter: https://twitter.com/DangerCapital

Buy Marks Book Here: http://excellentinvesting.org/

Follow Bruce on Twitter: https://twitter.com/bruce_packard

Visit Bruce's Blog: https://brucepackard.com/

Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Welcome to the first episode of The Investor's Round Table Podcast with Maynard Paton, Roland Head, Mark Simpson, and Bruce Packard. A healthy four-way debate about the shares we own, our portfolios, and the markets.

In our first episode, we discuss the UK housing market and the investment potential of Bellway (BHT) vs a sector ETF. Is wiring specialist Luceco (LUCE) a deep value play or a quality buffet-style compounder and whether fashion retailer Superdry (SDRY) will succeed with its turnaround strategy?

We finish off with an interesting discussion on how many stocks we own and the reasons why, our biggest holdings and dealing with missed opportunities such as selling too early, top slicing and much, much more.

Timestamps:

1:45 Why Roland bought Bellway (BHY)

3:45: A four-way discussion about the housing market and the investment potential of Bellway (BHY)

16:15 Why Mark bought Luceco (LUCE)

21:15 A four-way discussion about the lighting industry and the investment potential of Luceco (LUCE)

34:00 Why Bruce bought Superdry (SDRY)

36:00 A four-way discussion about the investment potential of Superdry (SDRY)

48:30 A four-way discussion about how many shares we own, our largest holding and our best buys.

Thank you for listening, we hoped you enjoyed the episode.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Maynard, Roland Mark & Bruce Resources:

Visit FYR for more investors related podcasts: https://www.fundyourretirement.com/

Follow Maynard on Twitter: https://twitter.com/maynardpaton

Visit Maynard's Quality UK Investment website here https://maynardpaton.com/

Follow Roland on Twitter: https://twitter.com/rolandhead

Visit Roland's Dividends Investing website here: https://www.rolandhead.com/

Follow Mark on Twitter: https://twitter.com/DangerCapital

Buy Marks Book Here: http://excellentinvesting.org/

Follow Bruce on Twitter: https://twitter.com/bruce_packard

Visit Bruce's Blog: https://brucepackard.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

This time Maynard Paton and Roland Head discuss UK housing market behemoth Bellway (BWY) and whether Bellway shares are a good buy right now.

Bellway is a UK residential property developer founded in 1946 and is listed on the FTSE 250 Index.

Roland has recently purchased Bellway shares at £17.00. Roland shares in detail the reasoning why he bought Bellway covering the long track record of the dividends, the 6% yield annualized, no debt with cash in the bank, and the outlook for the UK housing market.

As always, Maynard forensically examines the annual reports, and the financials and even compares the most recent accounts to the accounts from 2007/08 to see if there are any similarities to the present-day housing market concerns.

Timestamps:

1:20 Discussing Roland's buy price.

2:45 Discussing why Roland bought Bellway.

5:00 Discussing how Bellway home sales and the cyclical nature of home sales.

6:30 Discussing the long track record of Bellway and 6% yield annualized.

8:45 Discussing the annual reports from the 80s looking at how much homes sold for in the 80s.

9:20 Discussing whether Bellway's share rise is a result of house price inflation since the 80s.

13:00 Discussing the finances and cash flow of Bellway.

16:45 Discussing Bellway's balance sheet.

18:20 Discussing Bellway's land bank.

20:45 Discussing what could go wrong, could we experience another 2007/08 crash?

24:50 Discussing the management.

26:20 Discussing the management's remuneration package.

29:00 Discussing Bellway's order book and future projections.

32:20 Discussing Bellway's share buyback programme.

34:30 Discussing the housing and mortgage market.

36:20 Discussing the forecast dividend cut.

37:20 Discussing the current low valuation of Bellway.

38:50 Closing thoughts and wrap up.

Thank you for listening, we hoped you enjoyed the episode.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Maynard, Roland & Bellway Resources:

Bellway Investor Centre: https://www.bellwayplc.co.uk/investor-centre

Follow Maynard on Twitter: https://twitter.com/maynardpaton

Follow Roland on Twitter: https://twitter.com/rolandhead

Visit Maynard's Quality UK Investment website here https://maynardpaton.com/

Visit Roland's Dividends Investing website here: https://www.rolandhead.com/

Visit Fund Your Retirement: https://www.fundyourretirement.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

This time Maynard Paton and Roland Head discuss UK small-cap James Halstead (JHD), which is a family-run business with no debt, is cash-rich and has increased dividends for 45 years straight.

As with any company, nothing is perfect and there are concerns that Maynard and Roland discuss during this excellent breakdown of James Halstead and the investment potential of vinyl floor coverings.

Timestamps:

1:00 Discussing what James Halstead does.

3:30 Admiration from Maynard, Roland, and Lord Lee.

4:30 Discussing the global reach of James Halstead.

5:45 Discussing the concerns of the low growth.

8:45 Discussing the pension deficit.

10:20 Discussing the large increase in stock going up 85%.

12:15 Discussing the succession plan or lack of presently.

17:30 Discussing employee retention and revenue per employee.

19:10 Discussing remuneration of the board and the largest shareholders.

25:15 Discussing sustainability and energy use.

27:45 Discussing 2022 results

31:15 Closing thoughts on James Halstead and wrap up.

Thank you for listening, we hoped you enjoyed the episode.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Maynard, Roland & James Halstead Resources:

James Halstead website: https://www.jameshalstead.com/

Follow Maynard on Twitter: https://twitter.com/maynardpaton

Follow Roland on Twitter: https://twitter.com/rolandhead

Visit Maynard's Quality UK Investment website here https://maynardpaton.com/

Visit Roland's Dividends Investing website here: https://www.rolandhead.com/

Visit Fund Your Retirement: https://www.fundyourretirement.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Bruce Packard and Mark Simpson discuss a hand full of UK small to mid-cap companies including a recent addition to Bruce's portfolio; Hargreaves Lansdown (HL).

Bruce and Mark also discuss the investment potential of Abrdn (ABDN), iEnergizer (IBPO), Kape Technologies (KAPE), Quarto Group (QRT) and Superdry (SDRY).

Other key topics:

Whether it's better to be in cash or fully invested?

When will inflation peak and the surge in demand for money market funds?

Terry Smith's banned words and phrases.

Discussing placings and right issues; are they buying opportunities or something to avoid?

Timestamps:

1:30 Discussing whether it's better to be in cash or fully invested.

5:37 Discussing inflation and its impact on the share market.

7:10 Outflows from US banks and Credit Suisse.

7:45 Discussing the rising demand for money market funds.

8:15 Discussing the investment potential of Hargreaves Lansdown (HL).

12:45 Discussing the investment potential of Abrdn (ABDN).

13:50 Terry Smith banned words and phrases.

15:50 Discussing the investment potential of Abrdn (ABDN).

17:30 Interactive Investors, broker research tools and broker execution.

20:50 Companies that use buzzwords as a way of distracting investors.

22:50 Private equity taking over UK small caps.

25:00 Companies deciding to de-list such as iEnergizer (IBPO).

27:10 Discussing the current situation with Kape Technologies (KAPE).

28:20 Discussing Quarto Group (QRT) the book publishing company.

33:00 Discussing the investment potential of Superdry (SDRY)

37:00 Closing thoughts and wrap up.

Thank you for listening, we hoped you enjoyed the episode.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Mark & Bruce Resources.

Follow Mark on Twitter: https://twitter.com/DangerCapital

Buy Marks Book Here: http://excellentinvesting.org/

Follow Bruce on Twitter: https://twitter.com/bruce_packard

Visit Bruce's Blog: https://brucepackard.com/

Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Mark Simpson and Bruce Packard discuss one of the stand-out companies for Mark last year, TP ICAP (TCAP), whether the computer gaming industry is a value play or value trap covering Team 17 (TM17) and Tiny Build (TBLD). Are companies trading at cash or just below good companies to buy right now?

Mark shares the latest addition to his stock portfolio Luceco (LUCE) who are designers, suppliers & manufacturers of high-quality and efficient LED lighting.

How much research do Mark and Bruce carry out on companies including the metrics they look for as a quality and a deep value investor? Weaved into the conversation there are many more insights covering portfolio management, psychological biases and the challenges facing investors given the rising interest rate environment.

Timestamps:

2:00 Discussing portfolio diversification.

6:15 Discussing current market conditions, inflation, and interest rates.

8:45 Discussing TP ICAP (TCAP).

16:30 Companies trying to convince people they are a technology company.

18:30 Discussing the computer gaming industry.

23:00 Discussing what metrics Mark and Bruce like to look for in good companies.

25:30 Discussing Luceco (LUCE).

29:00 Discussing Tiny Build (TBLD).

32:30 Discussing companies trading at cash or just below.

38:30 Closing thoughts and wrap up.

Thanks for listening,

Mark & Bruce.

If you like this episode, please let us know by subscribing to future company reviews and insightful conversations about portfolio management and stock analysis.

Mark & Bruce Resources.

Mark on Twitter: https://twitter.com/DangerCapital

Buy Marks Book: http://excellentinvesting.org/

Bruce on Twitter: https://twitter.com/bruce_packard

Visit Bruce's Blog: https://brucepackard.com/

Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Welcome to the first episode of The Value Trapped Podcast, the podcast where private investors Bruce Packard and Mark Simpson discuss the UK small to mid-cap share market, including shares they own as well as shares they probably shouldn't own. Weaved into the conversation will be insightful nuggets of information on portfolio management, stock analysis and the macro landscape for the UK share market.

Mark Simpson has been investing in individual stocks since 2003. Over the last decade, Mark has generated a 19% compound annual return following a Value methodology vs an FTSE All-Share Total Return Index that has returned less than 8% over the same period. He has achieved this out-performance by developing a strategy that plays to his unique strengths and overcomes his weaknesses, in particular finding practical ways to overcome behavioural biases. His book Excellent Investing describes this approach and how investors of all types can generate higher and more consistent returns by developing their own strategy that plays to their strengths and overcomes their weaknesses.

Bruce Packard is a Financial Analyst, and a former equity research analyst who worked in the city specialising in the financial sector. He started his career at Credit Suisse followed by various other banks and stockbroking firms (Pali, Evolution, Seymour Pierce) before leaving, so that he had more freedom to analyse and invest in companies for his own portfolio. In 2008 he predicted the nationalisation of the UK banking industry.

Bruce's investing style is a low-frequency, buy-and-hold strategy focused on quality. Bruce writes regularly for Share Pad, Money Week and his non-conformist thoughts on his own blog brucepackard.com.

Timestamps:

1:30 Silicon Valley Bank (SVB) and the wider banking crisis.

8:55 Sylvania Platinum (SLP) and Tharisa Minerals (THS)

17:54 Arcontech Group (ARC)

22:18 The dark side of share tips and following them blindly.

27:57 Bank of Georgia (BGEO) and the political problems arising in Georgia

34:07 WANdisco (Wand) discussion

38:19 Closing thoughts and wrap up.

Thank you for listening, we hoped you enjoyed our first episode.

If you like this episode, please let us know by subscribing to future company reviews and insightful conversations about portfolio management and stock analysis.

Mark & Bruce Resources.

Mark on Twitter: https://twitter.com/DangerCapital

Buy Marks Book: http://excellentinvesting.org/

Bruce on Twitter: https://twitter.com/bruce_packard

Visit Bruce's Blog: https://brucepackard.com/

Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decision