Join us for an in-depth conversation with Richard Penny of Oberon Investments, as we explore the current state of UK small and micro-cap stocks and the factors influencing this market.

Following a multi-year selloff, twice as severe as the downturn during the Global Financial Crisis, Richard discusses his perspective on market conditions, the trends he’s observing, and why he considers this a notable moment for the sector.

In this episode, topics discussed include:

• Why UK equities, especially small caps, are deeply undervalued
• How institutional outflows and global benchmarks have distorted prices
• The growing impact of buybacks, M&A, and foreign takeovers
• What role pension reform and regulation could play in revitalising UK markets

Whether you're an experienced investor or exploring how broader economic shifts are influencing UK markets, this episode delivers valuable insights and is packed with sharp analysis.

Don't Invest unless you are prepared to lose all your money. These are high risk investments and you are unlikely to be protected if something goes wrong.

CAPITAL AT RISK.INFORMATION IS CORRECT AT TIME OF RECORDING BUT IS SUBJECT TO CHANGE.