Turmoil Ahead for UK Small Caps?

Playing FTSE

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► Episode Notes:

Who stole a life-sized cardboard cutout of Victoria Beckham? Find out on this week’s PlayingFTSE Show! It’s been a week of D&V in both the Steves’ households. But the stock market has been much more positive. We’ve got a UK theme this week, with a look at some of the stocks that don’t usually make the headlines. But we haven’t forgotten the Fed’s big news on interest rates from the US. Lots to get through in rapid news this week. Steve W has been looking at a 50-point rate cut from the US central bank and wondering whether a new CEO can get Nike back on track. Steve D has been paying attention to some potential tax changes close to home and watching a big fall on Progyny shares. And he’s also got a bit of stop-press surprise news for Steve W… Games Workshop announced its end-of-year results this week. And Steve W thinks they were strong, with decent growth in an environment that has been challenging for some. The big news, though, is that 27% of shareholders voted against the CEO’s pay package. Are they just being ungrateful, or is there more to the story here? Steve D has been looking at the AIM market. With companies like Ashtead Technology and Fevertree, it’s one that we’ve talked about before, but without really getting into the details. The new UK government is reported to be setting its sights on some of the benefits of being AIM-listed. But would this be a good idea, or a big mistake? W.H. Smith is a company we haven’t talked about before on the show. Mostly because it’s a boring FTSE 250 brick-and-mortar retailer that’s priced like a growth stock – or so it seems... Steve W thinks there’s more going on here. Around 75% of the company’s earnings come from a much more interesting area and a P/E multiple of 29 isn’t necessarily what it seems… Only on this week’s PlayingFTSE Podcast!

► What We Consumed This Week:

https://www.fidelity.co.uk/markets-insights/personal-finance/personal-finance/autumn-budget-how-labour-might-change-isas-and-the-dividend-tax/

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► Timestamps:

0:00 Intro & Our Weeks

5:45 Quick Rightmove

8:40 Quick FED

12:19 Quick ISA Raid

18:04 Quick Nike

20:25 Quick Progyny

24:45 Games Workshop

36:47 Inheritance Tax

47:15 WH Smith

► Show Notes:

What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy

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► Disclaimer:

This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.