May 22, 2026 · 37 min
Paul Scott keeps Friday’s small-cap briefing deliberately short
Paul's Podcast - Fri 22 May 2026
The episode offers a concise view of the podcast’s independent investing approach while pointing listeners toward its wider subscriber and event ecosystem.
- 1Paul Scott frames this as the week’s final, shorter podcast after a more extensive day of company coverage.
- 2The episode points listeners toward subscriber resources and the upcoming Mello Chiswick event.
- 3The podcast presents itself as independent, opinion-based commentary on UK small- and mid-cap investing.
Don't miss
Paul Scott contrasts this deliberately shorter Friday close with the previous day’s more extensive company coverage.
The brief
Paul Scott opens the week’s final podcast by welcoming free subscribers and explaining why this edition is shorter than the previous day’s extensive company coverage.
The episode foregrounds the podcast’s independent, opinion-based approach to investing rather than building a detailed case around one company or sector.
Subscriber resources and the upcoming Mello Chiswick event place the brief recording within a broader community built around UK small- and mid-cap investing.
The standout moment is the contrast between a shorter Friday close and the fuller company analysis that preceded it, clarifying the show’s weekly rhythm.
Taken together, the episode functions as a concise editorial sign-off: less a stock thesis than a guide to the podcast’s format, resources, and investing stance.
What was said on this episode
29 statements · 17 positive · 7 negative · 1 mixed · 4 neutral
Higher inflation is beginning another era
“we are entering another era of higher inflation”
Listen at 3:36
Input-cost inflation will not necessarily severely reduce profits
“it doesn't necessarily mean that profits are going to be hit particularly hard”
Listen at 5:01
Well-managed businesses can mitigate and pass on higher input costs
“A good, decent, well-managed businesses cope with higher input costs. They just manage it, they mitigate it, they pass it on.”
Listen at 6:27
UK mid-cap takeover bids are arriving rapidly
“the bids are coming thick and fast”
Listen at 6:51
Selected UK small and mid-cap shares offer excellent value
“selectively, we've got fabulous value in UK small and mid-caps”
Listen at 7:07
Filtronic’s valuation is speculative and excessive
“it's the valuation that's speculative and excessive”
Listen at 7:29
Apollo’s £8.85 Bodycote bid is fair
“I think the bid actually is fair, £8.85”
Listen at 12:03
Bodycote shareholders should probably accept Apollo’s offer
“personally, if it was me, I'd probably take the money from BodyCoat”
Listen at 12:45
A takeover bid validates value and reinforces bullishness
“I find it very comforting and, and reinforces my bullishness on a stock”
Listen at 13:22
Scott recommends buying rather than selling Brickability
“there's no way I'm going to sell my Brickability shares. I'm going to buy more”
Listen at 13:36
Concurrent is a very good but expensive company
“I think it's very good but rather expensive”
Listen at 14:30
The best companies often command expensive valuations
“the best companies often are”
Listen at 14:33
Scott views Advanced Medical Solutions as a buying opportunity
“I think this is an opportunity. So I've nipped in and I bought a few”
Listen at 16:17
Advanced Medical Solutions offers attractive upside at £2.20
“I think that's good upside”
Listen at 17:49
Advanced Medical Solutions remains attractive without a takeover
“I think it's, it's a good share that I'd be happy to own if the bid talks fall through again”
Listen at 18:04
Games Workshop is an exceptional business
“Games Workshop. Oh, stunning business. Amazing.”
Listen at 19:43
Games Workshop’s core business continues to grow well
“still good core growth there at Games Workshop”
Listen at 20:45
Games Workshop generates exceptionally strong cash flow
“It's just a monster cash machine.”
Listen at 21:26
Softcat is performing extremely well
“Softcat is firing on all cylinders”
Listen at 22:29
Softcat’s valuation probably reflects its current performance
“The valuation is probably up with events now”
Listen at 22:43
Softcat is a high-quality business
“that is a very nice business, I think”
Listen at 22:58
Interest rates may rise somewhat because inflation is higher
“I think interest rates may rise a bit, but I don't— because of higher inflation.”
Listen at 25:35
Helical appears potentially attractive
“Helical, I think, looks quite interesting”
Listen at 25:54
Creo Medical may offer an interesting opportunity
“I think there might be something here actually”
Listen at 27:48
Hercules is unattractive because of its qualified audit report
“I don't like this at all, actually”
Listen at 30:11
Mobico cannot currently be valued confidently
“we've just put it on no color, which is don't know”
Listen at 33:17
Hedlum is likely to become insolvent
“I think this is likely to go bust”
Listen at 34:32
Hedlum’s recent share-price rise is a temporary rebound
“I just think it's a dead cat bounce”
Listen at 34:51
Investors should avoid Hedlum because risk is too high
“I wouldn't get involved in Hedlum”
Listen at 35:42
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.
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