Small Caps Podcast with Paul Scott – Episode 8
Lots of interesting companies this week – I talk about several profit warnings, and also some little companies doing well. Lots of negative macro news this week, and the energy crisis is obviously worsening.
I don’t get any data on how many people listen to these podcasts, so please do leave a comment below on likes/dislikes/suggestions, or your own views on companies discussed. Thanks!
EDIT: 21 Aug – re CINE, I forgot about the big legal case against it, which is a claim of c.£1bn (a potential unsecured creditor) re its aborted takeover of Cineplex. Hence insolvency might be a way to extinguish this liability, and then refinance the business within a newco. I focused on lease liabilities in the podcast, but forgot about this legal case, which is more likely to be the key reason why debt for equity swap as a solvent solution wouldn’t be desirable to the debt holders. So another reason why the equity looks worth zero. Many thanks to Alun pointing for pointing this out to me, via today’s Sunday Times.