Aug 28, 2026 · 21 min
Paul Scott takes the small-cap show to Malta
Paul’s Podcast - Fri 28 Aug 2026
The episode offers a brief look at how Scott plans to maintain his regular small-cap investing routine while working remotely abroad.
- 1Paul Scott records early before taking his mother out, giving the episode a personal opening.
- 2Scott plans to work remotely from Malta for a month while maintaining his usual work routine.
- 3The episode’s opening establishes a temporary change of setting rather than a shift in Scott’s investing focus.
Don't miss
Paul Scott explains how he intends to keep his usual work routine while recording from Malta.
The brief
Paul Scott opens by explaining that he is recording early before taking his mother out, adding a personal note before the investing discussion begins.
The main update is practical rather than market-driven: Scott plans to work remotely from Malta for the next month while keeping his usual routine.
The episode frames Malta as a temporary change of setting, with Scott’s regular focus on UK small and mid-cap companies continuing in the background.
What was said on this episode
14 statements · 6 positive · 7 negative · 1 mixed
McBride’s 24% share-price rise is justified by the partnership announcement.
“shares are up at lunchtime, which is about 1 o'clock today. Shares up in McBride 24%. That's fantastic. So, and I think it's deserved. I think that is justified.”
Listen at 2:36
Paul Scott would sell Goodwin shares because the takeover outcome is too speculative.
“if I held it personally, I'd be— I would have sold by now because it's just a punt.”
Listen at 5:49
Goodwin management probably will not sell the business without receiving an exceptional price.
“if management don't get a knockout price, they probably won't sell it.”
Listen at 6:01
Paul Scott prefers owning Brave Bison shares to System One shares.
“if it was me, I would rather have shares in Brave Bison than in System One.”
Listen at 8:29
Paul Scott would probably buy more Brave Bison shares if their price declines.
“if it does dip at any point, I'll probably buy more.”
Listen at 10:02
Watkin Jones’s cash pile will largely be consumed over the next few years.
“So work on the basis that the Watkin Jones cash pile will dissipate largely over the next few years.”
Listen at 11:53
Watkin Jones is unlikely to regain its historical profitability absent a return to near-zero interest rates.
“I can't see that Watkin Jones is likely to get back to the historical levels of profitability.”
Listen at 12:38
Paul Scott rates Watkin Jones no higher than an amber investment assessment.
“I can't go above amber on Watkin Jones.”
Listen at 12:47
Morgan Advanced Materials offers limited investment appeal and remains rated amber.
“So it's difficult to see much attraction to this share really. And so MGAM, so I'm just leaving that at amber.”
Listen at 15:20
Logistics Development trades at a 36% discount to its stated portfolio value.
“It's at a 36% discount to what the company values its portfolio at.”
Listen at 15:55
The Facebook compensation claim should provide Cuth with a strong multi-year tailwind.
“you would think, you would imagine this is a nice strong tailwind, multi-year tailwind for Cuth, and I think that's right.”
Listen at 17:18
Paul Scott believes his purchase of Cuth shares at approximately £1.88 should perform acceptably.
“but I think that should be all right.”
Listen at 17:31
Paul Scott strongly advises against investing in Hedlums.
“Super high risk. I wouldn't touch it with a barge pole.”
Listen at 18:03
Paul Scott considers Evoke very high risk and would not invest in it.
“Evoke has dropped 4%. That is very high risk risk. I wouldn't touch that one personally.”
Listen at 19:44
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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MaltaListen to the full episode and explore every guest, topic, and moment on PodLume.