Fund Your Retirement Podcast Lee Cleasby from Fund Your Retirement

Today’s episode is less about individual companies and more about the wider investing concerns around UK PLC and what could be done to help the UK become more attractive for individual investors and more attractive for companies to list here.
Chris covers a wide range of concerns and solutions that could help improve conditions for investors, and the companies that list here.
Other key topics discussed:
·         Are UK shares cheap right now or one of the worst places to invest?
·         What can investors and the UK government do to improve conditions?
·         The changing nature of AIM over the last 10 years
·         How to become a better analyst
·         Solutions to encouraging more companies to list.
Timestamps:
1:15 Discussing whether UK shares are cheap right now or one of the worst places to invest.
3:15 Using British American Tobacco (BATS) as an example of a company that could do more.
5:50 Could the UK government do more to foster UK-focused investment?
6:45 Discussing Abcam (ABCM) leaving AIM, and what could be done to encourage companies to stay listed in the UK.
11:45 How to become a better analyst.
15:00 How to cultivate patience.
17:15 The rise of passive investing.
19:00 Discussing inheritance tax breaks and tax incentives to help encourage companies to list.
21:35 Closing thoughts and an invite for founder-led companies or long-term CEOs to get in touch and share their journey/story on the podcast.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Resources:
Fundamental Asset Management website: https://fundamentalasset.com/
Fundamental Asset Management contact us page: https://fundamentalasset.com/contact/
Follow Fundamental Asset on Twitter: https://twitter.com/fundasset
Connect with Chris on LinkedIn: https://www.linkedin.com/in/chris-boxall-835a4222/
Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/
Follow FYR on Twitter: https://twitter.com/FRetirement
 
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Graham Neary is a full-time private investor, and an investment analyst for Stockopedia writing the Small Cap Value Report along with Paul Scott. Graham is also the founder of the Investors Institute where he helps private investors navigate the markets and upgrade their investing IQ.
Graham began his career on the sell-side as a fixed-income analyst, before moving into the buy-side as an equity portfolio manager.
Timestamps:
1:95 Graham Neary’s investing journey and how he got started.
4:45 Graham's investment approach and style.
7:05 The key metrics Graham looks for in a good company.
9:10 Graham's largest holding and why he holds it.
11:45 Discussing Graham's portfolio, and Graham's investing universe.
14:30 Discussing Graham’s thoughts on AGM’s
16:25 Discussing Graham’s worst performers and what he learnt from them.
20:45 Graham's thoughts on stop losses.
22:40 Graham's thoughts on averaging down.
26:00 Discussing Graham's writings and the enjoyment he receives from that.
27:45 Graham sharing his thoughts on Nichols (NICL)
31:25 Discussing fixed income.
33:30 Dissuning where to get started investing if you’re new or just starting.
Hope you enjoy this episode and have a wonderful day.
The FYR Team
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Guest Links & Resources: 
Follow Graham on Twitter @GrahamNeary https://twitter.com/grahamneary?lang=en
Grahams Investors Intiture Newsletter: https://theinvestorinstitute.substack.com/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
 
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

John Rosier is a former city fund manager turned esteemed financial writer who runs the model portfolio. The JIC Portfolio which John started in 2012 has returned 303% vs, the FTSE all share of 125% over the same period.
During this episode, John shares:
His investing philosophy and approach.
the value of keeping a detailed investment diary.
What he’s been adding to his portfolios in recent months.
Back testing stop losses and when is a good time to sell?
John discusses the importance of dividends, which have grown from £2,000 a year to a projected £29,000.
Finally, John shares what he would say to those who are just getting started.
Timestamps:
1:20 When and how John started his investing journey.
3:40 The type of investor John is today, his investment philosophy and approach.
6:00 Discussing John’s model portfolio, how it started, the returns and the role dividends play in that.
10:15 John's 10 biggest contributors in terms of monetary gain.
15:45 Discussing some of John’s biggest losers in the model portfolio.
18:10 Discussing the use of stop losses and when is the right time to sell.
23:10 John shares why keeping a diary helps with discipline.
25:45 John shares what he would say to those just getting started.
28:45 Closing thoughts and where you can follow and connect with John
Hope you enjoy this episode and have a wonderful day.
The FYR Team
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Guest Links & Resources:
Visit John Rosier’s website and the JIC model portfolio here: https://www.jicuk.com/
Follow John on Twitter here: https://twitter.com/JohnRosier
John’s articles on the Investors Chronicle: https://www.investorschronicle.co.uk/john-rosier/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
 
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Chris Boxall discusses three recent success stories: Castings (CGS), with squeaky clean reporting and a nice dividend. Kooth (KOO), wins a big contract with the state of California and Kitwave (KITW) just keeps going from strength to strength. In a sea of constant negativity, there are some shining lights.
In contrast at the other end of the scale, Chris discusses Marlowe (MRL) and Gooch & Housego (GHH) who have been on an acquisition bonanza of late. These acquisitions haven’t worked out as the management would have hoped but may do in time. Chris has been doing some deep research into Marlowe (MRL) and shares some of those insights in this conversation.
Chris finishes by sharing how he creates an internal and external environment that enables him to invest patiently.
Key topics covered:
Castings (CGS), squeaky clean accounts with a nice dividend
Kooth (KOO), wins a big contract win with the state of California
Kitwave (KITW) just keeps going from strength to strength
When acquisitions go bad; discussing Marlowe (MRL) and Gooch & Housego (GHH)
Creating an internal and external environment for patient investing
Timestamps:
1:20 Castings (CGS).
2:45 Kooth (KOO).
4:40 Kiwave (KITW).
6:05 Marlowe (MRL).
9:00 Gooch & Housego (GHH).
11:20 Acquisitions; do they always make sense?
13:00 The importance of having skin in the game.
14:45 The need for patience when investing.
20:05 The importance of cash flow for a company.
21:10 Wrap up.
Thank you for listening, we hoped you enjoyed the episode.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Resources:
Fundamental Asset Management website: https://fundamentalasset.com/
Fundamental Asset Management contact us page: https://fundamentalasset.com/contact/
Follow Fundamental Asset on Twitter: https://twitter.com/fundasset
Connect with Chris on LinkedIn: https://www.linkedin.com/in/chris-boxall-835a4222/
Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Rosemary Banyard is an award-winning fund manager specialising in UK medium and smaller companies with over 30 years of experience in understanding business models, industry structures, barriers to entry, and risks, on both the buy and sell side.
Rosemary started her career in 1979 at James Capel as a senior investment analyst where she spent 12 years. Rosemary then moved into fund management starting at AIB Govett asset management before moving on to Schroders where she spent almost 20 years running a smaller companies Fund with Andy Brough.
In 2016 she joined Sanford DeLand to launch and manage the Free Spirit Fund. The Schroder UK Mid Cap trust returned 17%* p.a. while she was manager and in her two and a half years managing money at Sanford DeLand the Free Spirit Fund returned 31%. Rosemary joined Downing in March 2020 to launch the VT Downing Unique Opportunities Fund.
Rosemary talks about her investing journey and how it has evolved over the years from investing in quality businesses to sharing some of her best investments and some not so good. Rosemary shares her guiding principles, Investor red flags to look out for in company accounts and of course much, much more.
Timestamps:
1:45 Rosemary’s investing journey starting at the beginning.
7:00 Rosemary shares her overarching investing strategy and how that has evolved over time.
9:15 Discussing UK software company Kainos Group PLC (KNOS).
14:40 Discussing UK software company Alfa Financial Software Holdings PLC (ALFA).
18:00 Discussing James Fisher & Sons PLC (FSJ).
20:45 Discussing when to cut and investor red flags to look out for.
26:10 Discussing the differences between a fund manager and a private investor.
28:15 Does Rosemary feel any pressure from time to time?
29:30 What makes a good investor?
31:40 Rosemary’s essential reading for investors.
Hope you enjoy this episode and have a wonderful day.
The FYR Team
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Guest Links & Resources:
Visit Rosemarys Profile on The Dowing Website Here: https://www.downing.co.uk/investor/offers/vt-downing-unique-opportunities-fund
Visit Fund Your Retirement: https://www.fundyourretirement.com/
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Neil was a fantastic guest sharing many valuable insights that would benefit the experienced investor and the new investor. During this conversation, Neil shares the macro view of the UK stock market, including insights from Neil’s extensive network of fund managers.
Neil Shah is the director of research at Edison Group, an investment research and advisory company with over 80 investment analysts spanning the globe.
Neil shares some of the best and some of the worst performers from Edison’s model portfolio the illuminator that has returned over %1300 since its inception in 2008.
Neil discusses the key metrics his team looks for before adding or removing a company from the portfolio and how he improves those analytical skills over time. He gives an in-depth review of what Edison research does and how this benefits the wider investor community.
Timestamps:
1:35 Neil’s background and journey.
2:50 The macro view of the UK share market with a 6 to 12-month outlook.
5:30 Companies being taken out and spotting value in the UK share market.
7:30 Discussing the illuminator model portfolio's best and worst performers and its %1300+ gain.
11:20 Discussing having a concentrated portfolio vs a diversified portfolio.
14:15 Neil discusses the latest addition to the illuminator model portfolio.
16:15 Improving your skills as a stock analyst starting with the basics.
22:10 What does Edison Research do?
28:15 Closing thoughts and wrap up.
Hope you enjoy this episode and have a wonderful day.
The FYR Team.
If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.
Guest Links & Resources:
Visit Edison Research Group: https://www.edisongroup.com/
Edison Twitter Profile: https://twitter.com/Edison_Inv_Res
Edison LinkedIn Profile: https://www.linkedin.com/company/edison-group-/
Visit Fund Your Retirement: https://www.fundyourretirement.com/
 
Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.