A Different Perspective with Richard Penny and Simon Like from Oberon Investments

About this episode

Nick interviews Richard Penny and Simon Like, experienced UK small-cap fund managers from Oberon Investments, discussing their investment strategies and market insights.

This week Nick talks to Richard Penny and Simon Like Richard Penny and Simon Like are experienced UK small-cap fund managers at Oberon Investments , with decades in the market between them. Simon began his career in banking with Midland Bank, later HSBC, before setting up his own investment vehicle and eventually joining Oberon over 25 years ago. He has focused primarily on small and micro-cap stocks and is well known for running a Venture Capital Trust. Richard’s interest in investing began during the wave of UK privatisations in the 1980s. He started professionally in 1992 and has managed small-cap and recovery funds at large institutions including Legal & General before moving to a boutique model, specialising in concentrated stock picking within UK smaller companies. Both focus on undervalued UK small and micro-cap companies, particularly in recovery phases of the market cycle. They look for businesses with strong gross margins, operational gearing and management teams with proven track records. Richard highlights opportunities in high-margin software and technology businesses such as Xaar and Eagle Eye, as well as more contrarian situations like BATM, where valuations…

People in this episode

Host: Nick

Guests: Richard Penny, Simon Like

Topics covered

• small-cap investing
• UK market
• fund management
• investment strategies
• technology stocks
• venture capital

Keywords

• small-cap
• investing
• Oberon Investments
• UK market
• fund managers
• technology stocks
• venture capital

Mentioned in this episode

Organizations: Oberon Investments, Midland Bank, HSBC, Legal & General, Xaar, Eagle Eye, BATM, Audioboom, Winkworth, The Property Franchise Group

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