Oct 28, 2026 · 20 min
Paul Scott links autumn fatigue to a shortened market update
Morning Movers Podcast - Wed 28 Oct 2026
The episode is chiefly a personal explanation for a missed recording, with Scott cautioning that possible seasonal fatigue affected his ability to work.
- 1Paul Scott apologizes for missing the previous evening’s podcast after autumn fatigue left him too tired to record.
- 2He says seasonal affective disorder may be involved, while stressing that his views are personal and not financial advice.
- 3The Wednesday episode is deliberately brief, making the presenter’s health update its central subject rather than a market thesis.
Don't miss
Scott explains that autumn fatigue, possibly linked to seasonal affective disorder, caused him to miss the previous evening’s podcast.
The brief
Paul Scott opens the Wednesday morning podcast with a personal update and an apology for missing the previous evening’s recording, immediately setting a more subdued tone.
He says autumn fatigue left him too tired to record and suggests seasonal affective disorder may be contributing, while making clear that his views are personal.
The episode is intentionally brief, so its main subject is not a developed small-cap argument but the circumstances affecting the presenter’s schedule.
Scott closes the framing with a familiar boundary: his commentary is not financial advice, a relevant caveat when personal market views are the show’s premise.
What was said on this episode
26 statements · 17 positive · 7 negative · 2 mixed
Hunting has a very strong balance sheet with substantial net cash and tangible assets.
“HTG has an extraordinarily strong balance sheet with net cash and a huge net tangible asset value”
Listen at 0:54
Hunting is financially secure enough to withstand a downturn.
“it means it's financially secure for any downturn”
Listen at 1:07
The Middle East situation is negatively affecting the oil and gas industry.
“the Middle East situation is impacting the oil and gas industry”
Listen at 1:15
Hunting is a very good company exposed to large, irregular orders.
“it's a very good company, but you just have to accept large lumpy orders”
Listen at 1:42
Paul Scott continues to favor Hunting.
“we still like hunting”
Listen at 2:55
Brickability’s end markets are currently severely depressed.
“the end markets are very, very depressed”
Listen at 4:37
UK housing starts are currently very low.
“housing starts are ridiculously low”
Listen at 5:07
The building-products sector could experience a major valuation rerating.
“the whole sector, the building product sector, could re-rate and re-rate big time”
Listen at 6:05
Paul Scott recommends remaining invested in building-products companies.
“I definitely don't want to be out of this sector”
Listen at 6:19
A building-products sector rerating could occur very quickly.
“when a re-rate happens, it could happen really quickly”
Listen at 6:23
Paul Scott would buy Brickability shares at 43 pence rather than sell.
“I would certainly at 43p I'm a buyer rather than a seller”
Listen at 9:42
Brickability’s share price already reflects more than its downside risk.
“the downside risk with Brickability is more than priced in already”
Listen at 10:48
Brickability shares are extremely undervalued.
“it's ludicrously cheap, I think, Brickability”
Listen at 11:36
Pulsar would need to raise equity because of its weak balance sheet.
“it would need to do an equity raise”
Listen at 11:53
Investors should avoid Pulsar because it will need a fundraise.
“Why get involved in these things when it's blindingly obvious it's going to need to do a fundraise?”
Listen at 12:13
Concurrent Technologies has strong growth drivers.
“they have got very good growth drivers at Concurrent”
Listen at 12:44
Bolt-on acquisitions are less risky when the acquirer knows the target well.
“I like bolt-on acquisitions where the acquirer knows the company they're acquiring”
Listen at 13:46
Paul Scott favors Renew Holdings.
“we like Renew Holdings”
Listen at 14:12
Aston Martin Lagonda’s financial condition is extremely poor.
“it's a financial train wreck”
Listen at 14:18
S4 Capital’s latest update was broadly satisfactory.
“I thought today's update was all right”
Listen at 15:41
S4 Capital’s business continues to shrink.
“the business is still shrinking”
Listen at 16:57
Paul Scott would not discourage investors from buying S4 Capital.
“I wouldn't try and stop anyone if you said you were thinking about buying some of those, S4 Capital”
Listen at 17:17
Renalytics’ new distribution deal could be highly lucrative if successful.
“it's all about this new major distribution deal, which could be highly lucrative if it comes off”
Listen at 18:03
Renalytics is the only FDA-approved kidney test available in the United States.
“Renalytics is the only FDA-approved kidney test out in America”
Listen at 18:23
Renalytics shares could rise if the Quest deal succeeds, but fall if it fails.
“the ducks could be quacking nicely in the spring. Or if the Quest deal flops, the shares will flop”
Listen at 18:56
More Help to Buy details could trigger a strong afternoon market rally.
“hopefully we'll be looking at a nice strong rally this afternoon if we get more details on the help to buy scheme”
Listen at 19:33
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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