{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/4cf401e4-d184-543c-b73b-5fa7140b9811/69e947cd738b0d0aa5e58caa?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Balance Sheets, Retail Risks & Small‑Cap Lessons | Under The Radar","description":"<p>In this episode, <strong>Richard Hemming</strong> from <strong><em>Under the Radar Report</em></strong> returns to break down what “quality” really means in small‑cap investing, and why the balance sheet is the first place he looks.</p><p><br></p><p>We cover:</p><p>• How to define quality in a small‑cap company</p><p>• Why free cash flow matters more than profit</p><p>• The key metric: Net Debt / EBITDA</p><p>• Why retailers can be both exciting and dangerous</p><p>• Case studies: Myer, KMD Brands, Kogan, Clover, Tuas, Amplitude Energy</p><p><br></p><p>Episode Blog Post: <a href=\"https://www.sharesforbeginners.com/blog/under-the-radar-quality\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.sharesforbeginners.com/blog/under-the-radar-quality</a></p><p><br></p><p>📈 CHECK OUT THE <a href=\"https://undertheradarreport.com.au/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>UNDER THE RADAR REPORT</strong></a>:&nbsp;</p><p><br></p><p><strong>Find Tomorrow’s Market Winners Today</strong>&nbsp;Under the Radar Report uncovers quality small caps&nbsp;<em>before they hit the headlines</em>. <a href=\"https://undertheradarreport.com.au/\" rel=\"noopener noreferrer\" target=\"_blank\">Save 10% with promo code&nbsp;<strong>SFB</strong></a>.</p><p><br></p><p><strong><em>Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they’re offering something of value.</em></strong></p><p><br></p><h5><strong><em>Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Opinions expressed by guests are theirs alone and may not represent the views of Finpods, Money Sherpa, or Phil Muscatello. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD, and obtain appropriate financial advice tailored towards your needs.&nbsp;Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,&nbsp;AFSL - 451289.</em></strong></h5>","author_name":"Philip Muscatello - Australian Investor Education"}