Vox Markets - Weekly Small Caps Roundup 26 June 2025
With Paul Hill & Paul Scott
Published yesterday, Alun came up with the idea that I also publish them as standalone Substack posts, to hopefully reach a bigger audience.
As always, these are just our personal opinions, never advice or recommendations. Please always do your own research.
Timestamps -
00:00 Recent buys/sells and equity outlook
04:35 Intercede
08:45 Volex
13:35 Smarter Web Company
17:25 One Health Group
19:35 Spire Healthcare
24:05 Next 15
29:25 Avingtrans
34:50 Cavendish
39:35 Tissue Regenix
45:10 RM plc
53:00 Ultimate Products
58:55 Liontrust AM
1:02:40 Marks Electrical
1:05:25 Plexus
1:08:25 Hunting
1:10:20 Made Tech
1:13:20 Hargreaves Services
1:16:40 PZ Cussons
Am in the throes of deeply researching PZ Cussons for a purchase, having been tracking it for a while, so your analysis was interesting!
One thing that will hold this share back at a lower rating is the removal of any bid potential. The founding family concert party holds 45%+ of the shares I believe, with the cornerstone being the charitable trust.
The flip side is that dividends are prioritised by the charitable trust and presumably other members of the family living off their inheritance. So I can easily see this go back to a 6p+ dividend, which provides ample support for the current SP.