Small Caps
Small-cap investing explained plainly. What they are, how they work, and how to approach them.
Secondaries and Sell Downs: What a Shareholder Sale Can Mean
Learn what secondaries and sell downs can reveal about ownership, seller exposure and company funding, and which conclusions require more…
Small Caps Get Pumped by Themes: A Grounded Sanity Check
Small caps get pumped by themes like AI or ESG, but the label alone proves nothing. Learn how to test…
Strategic Review Announcements in Small-Caps: What They Can Mean
Learn how to interpret strategic review announcements, distinguish possible outcomes from decisions, and assess company finances, risks and later updates.
How to Read a Small-Cap Investment Presentation Like a Detective
Learn how to read a small-cap investment presentation by checking its claims against ownership, governance, cash flow, accounts and financial…
Adjusted Profit: When Add-Backs Are Honest and When They Become a Habit
Learn how adjusted profit add-backs can clarify performance or hide recurring costs, and how to test exclusions against cash flow…
Working Capital Squeezes: Why Record Revenue Can Still Mean a Cash Crisis
Learn how working capital squeezes can turn record revenue into cash strain, and which figures reveal whether a growing small-cap…
What AIM Nomads Do: The Historical Role and What It Means for Investors
Explore the historical role behind what AIM nomads do, including admission checks, ongoing oversight, adviser resignations and key investor risks.
Dilution Math Made Simple: What a Placing Did to Your Holding
Learn dilution math made simple to calculate your ownership after a placing, check enlarged share capital and avoid the common…
The share register explained: why ownership shapes small-cap price moves
Two small companies can release the same upbeat trading update and one rises while the other falls. The story is…
Customer Concentration in Small Caps
A Small Caps guide to customer concentration, showing how annual reports, contract renewals and channel dependence can make growth look…