What podcasts say about Stuart Widdowson
Every statement, with the speaker, the exact quote and the moment it was said.
What Stuart Widdowson has said on podcasts
14 statements · 10 positive · 3 negative · 1 neutral
Global small caps are cheap and could gain from valuation mean reversion, excluding the UK.
“small caps generally, particularly small caps, are very cheap. UK is an outlier within that. If you believe in reversion to mean there's still upside on rating.”
Open the episode · The Case for Buying Small Caps NowListen at 2:13
New investment trusts can be more agile because they start without legacy constraints.
“you can be really agile. You start day one with a clean piece of paper, no legacy.”
Open the episode · The Case for Buying Small Caps NowListen at 13:02
Buybacks and M&A are offsetting fund outflows and creating positive small-cap share-price momentum.
“buybacks and m&a is more than compensating for small outflows and actually good news is is is actually creating positive momentum in share prices”
Open the episode · The Case for Buying Small Caps NowListen at 16:20
Small caps appear to be nearing the end of their forced-selling phase.
“small cap is towards the end of the clearing phase.”
Open the episode · The Case for Buying Small Caps NowListen at 16:44
Global small caps are among the cheapest assets available today.
“small caps are some of the cheapest assets around, quite the small caps are the cheapest assets around in the world today.”
Open the episode · The Case for Buying Small Caps NowListen at 21:05
Small-cap forward returns could be attractive over the next decade after inflation.
“the forward returns from these points post-inflation that potentially very attractive for the next 10 years.”
Open the episode · The Case for Buying Small Caps NowListen at 21:15
US mega-cap returns may only slightly exceed inflation over the next decade.
“the forward returns from the mega caps in the US. appear to only potentially just be beating inflation for the next 10 years.”
Open the episode · The Case for Buying Small Caps NowListen at 21:20
Odyssean favors companies that can improve through management action regardless of market conditions.
“we particularly like companies that have the potential to improve themselves through some sort of management action irrespective of what's going on in the market.”
Open the episode · The Case for Buying Small Caps NowListen at 25:35
Odyssean bought Zotefoams at roughly 60% of its real asset value.
“we think we've probably got in at around 60 percent of the the real asset value”
Open the episode · The Case for Buying Small Caps NowListen at 29:08
Odyssean reduces holdings when forecast annualized returns fall below 15% or alternatives are better.
“if that annualized return goes below 15% or isn't as good as other things in the portfolio or other things we want to buy, we reduce or move it on.”
Open the episode · The Case for Buying Small Caps NowListen at 31:08
Higher debt costs make private-equity takeovers harder to justify and reduce their risk to small caps.
“where the cost of debt is now, it's much harder to justify taking companies private. So I don't see so much risk from private equity.”
Open the episode · The Case for Buying Small Caps NowListen at 36:35
Private-equity activity and small-cap market conditions are cyclical over the medium to long term.
“medium to long-term. I think these things do go in cycles.”
Open the episode · The Case for Buying Small Caps NowListen at 37:30
A strong IPO market could emerge in three or four years.
“It wouldn't surprise me if we have a boomy IPA market in three or four years' time.”
Open the episode · The Case for Buying Small Caps NowListen at 38:31
Global small caps are cheap and have valuation upside, while the UK is an exception.
“small caps generally, particularly small caps are very cheap. UK is an outlier within that. If you believe in reversion to mean there's still upside on rating.”
Open the episode · The Case for Buying Small Caps NowListen at 43:21
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.