{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/a4c5de36-8260-4222-8e38-ff997dc73436/62692ca3469b7c0013252d4a?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Ken Wotton: Volatility is throwing up really interesting opportunities","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/61b9b44742e856e989985776/1651058950182-45390b2fcf49188bcd2ff9d653092c1b.jpeg?height=200","description":"<p>UK small caps have struggled against their larger cap peers in recent months, but if you can avoid the banana skins there are some very attractive entry points for businesses, according to Ken Wotton, manager of Strategic Equity Capital investment trust.&nbsp;</p><p><br></p><p>In this interview, Wotton tells the IC’s Mary McDougall where he thinks the best opportunities are, why he likes to run concentrated portfolios and what he has been buying and selling recently. He also describes how he approaches valuing companies, to what extent macro economic factors play into his decision making and what he wishes he had known when he started his career.</p><p><br></p><p>Timestamps:</p><p>00:00 - Intro</p><p>01:35 - Outlook for UK small caps</p><p>03:30 - Preferred valuation metrics</p><p>04:55 - Profitable holdings</p><p>05:48 - Macro factors effecting investment decisions</p><p>08:40 - Changes to Strategic Equity Capital since you took over</p><p>12:28 - Largest proportion of a company you own?</p><p>14:07 - Would you consider yourself an activist investor?</p><p>15:05 - Fund size</p><p>16:12 - Favourite holdings</p><p>20:10 - M&amp;A as part of investment case</p><p>22:25 - Quality UK PLC's leaving the market</p><p>23:52 - Participating in IPO's</p><p>24:39 - Healthcare and financial services sectors</p><p>26:57 - Filtering companies</p><p>28:05 - Areas of expertise</p><p>29:58 - Advice for your past self</p><p>31:02 - A book that's influenced you</p><p><br></p>","author_name":"Investors' Chronicle"}