Sep 25, 2026 · 27 min
Paul Scott frames a different kind of small-cap podcast
Paul’s Podcast - Fri 25 Sept 2026
The episode establishes how Scott’s relaxed evening format differs from his morning show and Paul Hill’s Vox Markets appearance.
- 1Paul Scott positions the evening podcast as a distinct format serving a different audience.
- 2The introduction separates this show from Scott’s morning podcast and Paul Hill’s Vox Markets appearance.
- 3The episode provides context for a discussion focused on UK small- and mid-cap investing.
Don't miss
Scott explains that the relaxed evening podcast is intended for a different audience from his morning show and Vox Markets appearance.
The brief
Paul Scott opens the Friday, September 25, 2026 evening podcast by welcoming listeners and setting a relaxed tone for the discussion ahead.
The introduction draws a clear line between this show, Scott’s morning podcast and Paul Hill’s appearance on The Vox Markets Podcast.
That distinction is editorial rather than cosmetic: Scott says the evening format serves a different audience within the UK small- and mid-cap investing conversation.
What was said on this episode
19 statements · 13 positive · 6 negative
UK consumer outlook is more comfortable than commonly portrayed
“the outlook for the consumer is a lot more, um, comfortable, if you like, than the media and the economics profession keep telling us”
Listen at 4:09
Peel’s £1.87 Harworth offer is fair
“£1.87 It's now a recommended bid. I think it's a very fair price”
Listen at 5:36
Peel’s acquisition of Harworth is highly likely to complete
“this looks highly likely to happen, I think”
Listen at 5:44
Brave Bison should not increase its System1 offer
“I don't think they should try and increase it again”
Listen at 7:40
Brave Bison remains attractive
“I remain bullish on Brave Bison”
Listen at 8:11
Brave Bison will profit from its System1 investment
“Brave Bison, I think, will come out, uh, in profit on this”
Listen at 9:34
Bango annualized recurring revenue increased 31%
“ARR, annualized recurring revenue, was up 31%. That is the number that stands out to me”
Listen at 11:13
Bango could rise from 72p to approximately £1
“I wouldn't be surprised to see this go up from 72p to maybe up to about a quid”
Listen at 14:50
Bango is probably worth approximately £1 per share
“I think it's probably worth a quid a share”
Listen at 14:57
Robinson Packaging shares have no appeal
“I don't see any appeal to the share at all, I'm sorry”
Listen at 18:19
Speculative cash-strapped companies are best bought after refinancing and dilution
“the time to buy them is after they've refinanced and they've diluted everyone else to buggery”
Listen at 19:18
Investors should avoid speculative companies running out of cash
“you never buy them when they're running out of cash because it's, it's inevitable you're going to get skewered”
Listen at 19:28
Tandem management may become more receptive to unlocking shareholder value
“maybe the wind is changing a little bit on that”
Listen at 21:44
Tandem’s 50% NAV discount is potentially attractive
“the 50% discount to NAV is quite interesting there”
Listen at 22:10
SafeStay’s takeover bid was blatant market manipulation
“It's blatant market manipulation, I think”
Listen at 23:05
SafeStay currently appears unattractive
“it looks crap”
Listen at 23:29
Power Probe’s planned production relocation is inherently risky
“they are going to try and move their production from Taiwan to America, which sounds inherently risky”
Listen at 24:01
Paul views Cuth favorably after its recent webinar
“I'm seeing it glass half full, so I quite like that one, Cuth”
Listen at 25:38
Travelers should obtain health coverage abroad
“I need to make sure I've got some health cover when I go abroad”
Listen at 26:29
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
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