May 15, 2026 · 36 min
Paul Scott plans a remote return to Malta
Paul's Podcast - Fri 15 May 2026
The episode offers a personal glimpse into how Scott plans to balance remote work with warmer weather and renewed investing connections.
- 1Paul Scott announces plans to return to Malta while continuing his work remotely.
- 2The move is framed around warmer weather and reconnecting with friends from the investing community.
- 3The episode is a concise Friday update centered on Scott’s personal plans rather than a market thesis.
Don't miss
Paul Scott announces plans to return to Malta while continuing to work remotely.
The brief
Paul Scott opens his final podcast of the week with a personal update: he plans to return to Malta while continuing to work remotely.
The move is less a break from investing than a change of setting, combining Malta’s warmer climate with Scott’s ongoing professional routine.
Scott also expects the return to reconnect him with friends from the investing community, making the relocation socially relevant as well as practical.
The episode’s standout moment is the announcement itself: Scott outlines a Malta-based next chapter without presenting it as a departure from his work.
What was said on this episode
40 statements · 29 positive · 9 negative · 2 neutral
UK 10-year gilt yields are above 5%.
“the 10-year gilt over 5%”
Listen at 1:19
The US 10-year Treasury yield is 4.6%.
“the United States 10-year, for example, is now up at 4.6%”
Listen at 2:27
The UK is currently a G7 bond-yield outlier.
“the UK is now an outlier in the G7”
Listen at 2:39
Vistry may write down net tangible asset value and is less cheap than it appears.
“I suspect Vistri will have a big write-down of its net tangible asset value, so I don't think it's as cheap as it looks.”
Listen at 4:33
UK social-housing funding may unlock during the second half of 2026.
“there is quite a good fundamental backdrop for that, in that this social housing funding does seem to be imminent in terms of being unlocked for H2 of this year”
Listen at 4:45
Unlocked social-housing funding could benefit Vistry and housebuilders.
“So that could be an interesting bull point, possibly for Vistry, and maybe for the housebuilding sector generally.”
Listen at 4:57
Unlocked social-housing funding could benefit Vistry and housebuilders.
“that could be an interesting bull point, possibly for Vistry, and maybe for the housebuilding sector generally”
Listen at 4:57
UK first-quarter GDP growth exceeded expectations and led the G7.
“The UK GDP figures were better than expected. This is Q1, and the best in the G7.”
Listen at 5:07
Many cyclical recovery shares trade at low earnings multiples.
“there are so many cheap cyclical recovery shares that are on cheap PEs”
Listen at 6:59
Markets may soon price in a cyclical recovery.
“At some point, maybe in the not too distant future, the market's going to start pricing in a cyclical recovery.”
Listen at 7:14
Capital entering UK mid-caps may eventually reach small-caps.
“there must be money coming into the UK, uh, for mid-caps, and, and it'll trickle down to small caps eventually, I think, as well”
Listen at 8:18
Selectively undervalued equities have substantial upside potential.
“I think We've got all this upside from really severe undervaluations selectively”
Listen at 8:35
Higher bond interest rates negatively affect equities.
“higher interest rates on bonds and whatnot is bad for equities”
Listen at 9:13
The Ukraine and Gulf conflicts could escalate.
“Ukraine and the Gulf conflicts could escalate”
Listen at 9:28
High oil prices and Strait of Hormuz closure have not yet materially affected companies.
“I'm surprised actually the high oil price and the Strait of Hormuz being closed hasn't had a more immediate effect on companies.”
Listen at 9:35
Higher oil prices ration demand.
“the higher oil price means demand is rationed”
Listen at 10:01
Holding cash can cause investors to miss powerful market rallies.
“if you're out of the market hiding in cash, you'll miss some of the most powerful rallies you could see”
Listen at 10:44
Investors should sell after powerful rallies rather than during market gloom.
“The time to sell is after one of those powerful rallies, surely. Not when everyone else is in the doldrums.”
Listen at 10:49
Long-term investors can reasonably hold through macro uncertainty without acting.
“if you've got a medium to long-term investing horizon, actually, uh, doing nothing and sitting tight is a perfectly valid strategy.”
Listen at 12:27
DFS and Dunelm shares are currently remarkably good value.
“So I think that this is an opportunity because this means that your cyclical shares, your things like big things— I've loaded up on things like DFS, on Dunelm— these are remarkably good value at the moment.”
Listen at 16:18
Pessimism about the UK housing market is substantially mistaken.
“the doom and gloom surrounding the housing market is way off the mark. It's just plain wrong.”
Listen at 17:30
The Renters’ Rights Act is positive for estate-agent inquiries.
“And the Renters' Rights Act as well, they think is a positive because landlords are starting to panic about the huge fines if they get things wrong.”
Listen at 17:41
The Renters’ Rights Act is benefiting estate-agent inquiries.
“the Renters' Rights Act as well, they think is a positive because landlords are starting to panic about the huge fines if they get things wrong”
Listen at 17:41
TPFG and LSL Property Services are currently very good value.
“I think both are very good value now.”
Listen at 17:59
TPFG and LSL Properties are currently undervalued.
“both are very good value now”
Listen at 17:59
FRP Advisory offers attractive risk-reward for patient income investors.
“I think risk-reward on FRP Advisory, FRP, for patient, you know, income-seeking investors, I think looks very good.”
Listen at 26:15
FRP Advisory is cheap.
“FRP, uh, it's cheap basically, I think, in my opinion.”
Listen at 26:41
LSL Property Services is trading well and its shares are a bargain.
“My conclusion on LSL is this. Trading well, sounds confident, shares look a bargain.”
Listen at 27:50
LSL Properties trades at 7.4 times earnings with a 5.6% yield.
“PE 7.4 times, that's crazily cheap, and yield 5.6%.”
Listen at 27:56
Volvia is interesting for patient investors.
“So quite an interesting share for patient investors, I would say.”
Listen at 29:30
Unite Group shares are attractive given yield, buybacks, and NAV discount.
“We think the 7.8% dividend yield plus buybacks and a huge discount to NAV makes Unite Group shares really attractive.”
Listen at 30:50
Unite Group shares offer strong value.
“I think it's great value.”
Listen at 31:00
Grafton is reasonably valued and attractive.
“Grafton, I think, is good. It's reasonably priced.”
Listen at 31:30
Grafton guided to £190–£200 million of EBIT.
“So I actually hope they do do some more acquisitions. And, uh, the guidance they put out was between £190 and £200 million, uh, EBIT— that's operating profit.”
Listen at 31:52
Grafton should pursue additional acquisitions.
“So I actually hope they do do some more acquisitions.”
Listen at 31:52
The Irish property market cannot continue booming indefinitely.
“it can't keep booming forever”
Listen at 32:44
Glenveagh shareholders should consider downside risk as Irish property peaks.
“I would urge shareholders to just think about, you know, when the top of the cycle comes, what the downside risk could be.”
Listen at 33:00
TT Electronics shares look interesting.
“So TTG, yeah, actually looks quite interesting”
Listen at 33:41
DSW Capital merits closer research.
“It looks to me like it's worth a bit of a closer look, a bit more research on it.”
Listen at 34:53
Logistics Development may merit closer examination due to its NAV discount.
“Big discount, big discount to net tangible asset value. Maybe worth a closer look, John said here, for logistics development.”
Listen at 35:31
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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