Investors' Chronicle

Third-quarter earnings season (Q3) is under way and it’s taking place amid some renewed wobbles for AI and chip stocks.

With this in mind, this week’s show considers two companies that could be construed as defensive. First, we turn to emerging market-focused asset manager Ashmore – while not the most obvious port in a storm, its focus on debt rather than stocks means it offers resilience. Mark Robinson explains its recent trading update.

We then look at healthcare giant Johnson & Johnson, perhaps less of a defensive staple than it once was following the spin-off of its consumer division, but still a potential haven nonetheless. Julian Hofmann has the details and explores why, after a good year so far, its Q3 figures were not well received.

Julian also dives into this week’s Big Read: How to profit from profit warnings. He talks through recent trends, market reactions and what it all means for the wider economy.

Timestamps:
00:00 Intro
01:02 Ashmore
10:16 Profiting from profit warnings
23:14 Johnson & Johnson

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Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.
Hosted on Acast. See acast.com/privacy for more information.

This week’s episode marks the publication of the first half of our annual Aim 100 special report – our review of the biggest companies trading on London’s junior market.

While Aim has had its share of issues in recent years, there are still plenty of stocks worth investors’ attention. The episode kicks off with one business that has had some problems of its own, including US budget cuts: equipment maker Judges Scientific. Julian Hofmann weighs up whether it can make a comeback.

We also dig into rare earths business Mkango Magnetic Materials, which combines exploration and recycling projects and has several global ventures to keep tabs on. Mark Robinson explains what’s going on with the company.

For those who are more risk-averse or looking to add a bit of balance to their holdings, we examine the state of play for wealth-preservation trusts: the trio of funds that often act as countercyclical portfolio picks. Holly McKechnie has the details on Ruffer, Personal Assets and Capital Gearing.

Timestamps:
00:00 Intro
01:11 Judges Scientific
10:59 'Safe' funds
20:06 Mkango Magnetic Materials

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.
Hosted on Acast. See acast.com/privacy for more information.

This week’s episode begins by looking into Labour’s new ‘Your First Home’ scheme, a replacement for the controversial Help to Buy programme. Announced by Prime Minister Andy Burnham, it is designed to give more people a chance of buying their first property. But what does it actually entail? And will it succeed, or will it just prop up the housing market and housebuilders like its predecessor? Hugh Moorhead discusses the potential beneficiaries.

We then cast our ears to another bid for a UK-listed company: materials specialist RHI Magnesita’s attempt to acquire rival Vesuvius. Mike Fahy outlines what the takeover will look like and whether it’s likely to succeed.

We wrap up with our Big Read of the week on what history teaches us about investing. James Norrington explains why we need to look further than the recent past. From the 17th century to the pandemic, James discusses rising debt levels, trade wars and much more.

Timestamps
00:00 Intro
01:05 'Your First Home' scheme
11:35 Bid for Vesuvius
22:07 Future-proofing portfolios

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.
Hosted on Acast. See acast.com/privacy for more information.

Lord John Lee and Alex Newman are back on the mics to get into the nitty-gritty of small-cap stocks, looking at software provider Pebble Beach Systems (PEB).

With a market capitalisation of £38mn, the company is a bright spot in Lord Lee’s portfolio and specialises in ‘playout’ automation and solutions for broadcasters and streamers.

The duo are in the studio with the Aim stock’s chief executive Peter Mayhead to discuss how Pebble benefits services both traditional broadcasters and increasingly streamers. They also explore the group’s competitive advantage, its balance sheet turnaround and a potential dividend.

Elsewhere, the podcast looks at tumultuous market conditions, what this means for Lord Lee’s portfolio and how he plans to ride out the volatility.

Time stamps
01:01 The markets
04:47 Inside Pebble Beach
20:22 Pebble’s turnaround
36:41 What’s behind the growth
42:42 Lord Lee’s portfolio updates

Let us know your thoughts, or if you have any questions or any suggestions for future guests, by emailing alex.newman@ft.com

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Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.
Hosted on Acast. See acast.com/privacy for more information.

This week’s episode kicks off with the latest batch of London-listed AI players. Up first are the IT resellers who are reaping the rewards of the boom; we discuss Computacenter and Softcat, the latter of which tapped investors for several hundred million pounds last week.

On the other side of the ledger, there has been a fresh sell-off for the likes of Rightmove after Meta released its AI agent, Muse. But the question is: have these ups and downs gone too far? Our technology reporter Arthur Sants discusses the prospects for resellers, Meta, and online marketplaces.

We then cast our ears to the burgeoning business of prize draws, be it high-profile ‘win your dream home’ competitions or all manner of niche prizes. Is this a new UK national obsession? Which companies are trying to muscle in on the sector? And what does all this say about our saving habits? Erin Withey has the answers.

The show wraps up with a look at our pensions special report: all you need to know about using a personal pension, how to invest it and how to plan the perfect retirement, in one helpful guide. Helen Kirrane explains when to use a pension versus an Isa and outlines some quirks to watch out for.

Timestamps:
00:00 Intro
1:09 AI winners
18:47 British prize draw boom
31:30 Planning your pension: Our special report

Listen to more podcasts from Investors’ Chronicle on Apple, Spotify and YouTube

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.
Hosted on Acast. See acast.com/privacy for more information.