Oct 7, 2026 · 17 min
Paul Scott flags market weakness and standout portfolio stocks
Morning Movers
The update frames a falling FTSE 100 against stronger performances among selected holdings, setting up a closer look at individual companies.
- 1The FTSE 100 declines as several portfolio stocks deliver stronger performances.
- 2Paul Scott previews a market-focused update built around individual company moves.
- 3Avon Technologies is among the companies positioned for closer examination in the update.
Don't miss
The key setup is the contrast between a falling FTSE 100 and strong performance among several portfolio stocks.
The brief
Paul Scott opens with a concise preview of the morning market action, recording a market update that contrasts broad weakness with stronger portfolio-stock performance.
The FTSE 100 is down, but several holdings are moving in the opposite direction, creating the episode’s central tension between index sentiment and company-specific results.
Avon Technologies is among the named companies in the update, bringing the focus from the market’s headline direction to the performance of an individual UK-listed business.
The preview points toward a fuller examination of the stocks behind the move, rather than treating the index decline as the whole story.
What was said on this episode
13 statements · 12 positive · 1 negative
Hollywood Bowl is high quality, highly cash-generative, and terrific value.
“I still think it's terrific value for a really high quality business that generates tons of cash.”
Listen at 5:54
Hollywood Bowl is probably the UK market leader.
“I'm pretty sure it's the market leader in the UK.”
Listen at 6:17
Hollywood Bowl has a net-cash balance sheet.
“You've got a net cash balance sheet at Hollywood Bowl as well. It's just a lovely business.”
Listen at 7:26
Likewise has become the market leader after Headlam’s collapse.
“likewise, the challenger, well, it's now the market leader”
Listen at 10:12
Likewise’s administrator asset purchase carries no liabilities.
“It's not going to need to take on any liabilities at all”
Listen at 10:47
Likewise shares should be worth more than 50p.
“shares are only up 6% to 38p, which is bonkers. This thing should be 50p plus.”
Listen at 12:15
Likewise revenue could reach £300–600 million in coming years.
“It's going to be 300 to 600 million revenues probably”
Listen at 12:31
Headlam’s breakup should give Likewise greater pricing power and higher margins.
“the margins will probably be higher than that because of the main competitor gone or broken up into small pieces. Likewise, we'll have more pricing power.”
Listen at 13:18
Likewise could achieve at least a 6% PBT margin.
“you could be looking at six. PBT margin as being the minimum.”
Listen at 13:30
Likewise’s market capitalization could double or triple medium term.
“you could be looking at doubling or tripling that number Medium term.”
Listen at 14:00
Likewise shares are significantly undervalued and a bargain.
“I think it's a bargain. I really do.”
Listen at 14:10
Paul Scott values Likewise at roughly £1 per share and will not sell below 50p.
“There's no way I'm going to sell any shares in Likewise below 50p. Even then, I'd want to hold for a quid because that's what I think it's worth.”
Listen at 14:12
Hostelworld’s EBITDA is approximately 10% below forecast.
“We think it's about a 10% miss versus forecast EBITDA.”
Listen at 14:46
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.