Playing FTSE

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: Who’s had a worse week than Steve D? Find out on this week’s PlayingFTSE Show! It’s been an exciting week in the stock market, with news all over the place. The Steves are in to discuss some of the earnings highlights, but there’s a lot more making things interesting right now. Shares in ASML have taken a bit of a hit recently. The company reported solid earnings and a decent outlook, though, so could there be a buying opportunity here? International relations – especially with China – are a constant question over semiconductor stocks. So has Steve D been thinking about the implications of a Trump presidency for the business? It’s that time of the quarter where we talk about what we’ve been looking at on Netflix. And also how the company has been developing in terms of members, revenues, and profits. Earnings look reasonable and the stock is slightly higher despite a modest guide. But what’s the bigger story here – consolidation, or growth in the ad-supported offering? VAT Group is a near-monopoly in the semiconductor space. And it has a P/E ratio to match – but the company has some optimistic predictions for the next couple of years. This is one that Steve D has been looking at and the stock has been falling on the back of the latest report. So is there a buying opportunity here? We’ve not talked about Domino’s on the show before, but Steve W has been taking a look. The stock is down after the latest earnings report offered weak guidance. The company has an interesting franchise model, making it smaller than it might seem. But is a temporary delay to the number of outlets enough to draw in show’s value investor in? Only on this week’s PlayingFTSE Podcast! ► What We Consumed This Week: ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps 0:00 INTRO & OUR WEEKS 6:35 ASML 28:27 NETFLIX 43:22 VAT GROUP 1:02:05 DOMINOS  Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: How far is Cumbernauld from Hull City Centre? Find out on this week’s PlayingFTSE Show! There’s lots to talk about on this week’s show. Steve and Steve have had a good week in the markets and are dying to talk about it. It’s no secret that the London Stock Exchange has been struggling to attract listings lately with the likes of Arm, TUI, and Flutter looking elsewhere. But the FCA has some ideas for how to change this. A raft of measures have been announced including removing market cap restrictions and relaxing profitability requirements, but will any of them work? Steve and Steve have some ideas. Earnings season in the US has kicked off and – as usual – Steve W has been looking at the banking sector. Wells Fargo, Citigroup, and J.P. Morgan have all reported earnings with more to come. Despite beats almost across the board, the stocks are all down. But is a rise in investment banking revenue something for shareholders to get excited about over the next few months and years? Terry Smith has been catching investors up on the progress of Fundsmith’s results. The UK’s Warren Buffett has been underperforming the S&P 500 – but he has a good reason. Not owning Nvidia has led a lot of investors to miss out on some spectacular returns. But Steve D is doubtful that this is the only reason for the fund’s underperformance over the last year. A.J. Barr is a stock we haven’t spoken about on the podcast before – at least, not in any depth. But Steve W thinks it might be an interesting opportunity at the moment. As the company embarks on its ‘margin rebuild’ programme after a 2022 acquisition, earnings are set to rise. Could that – plus some multiple expansion – generate a 30% return by the end of 2026? Only on this week’s PlayingFTSE Podcast! ► What We Consumed This Week: ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps: 0:00 INTRO & OUR WEEKS 10:25 FCA CHANGES 23:48 US BANKS 38:01 TERRY SMITH UNDERPERFORMS 50:36 AG BARR ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: Who didn’t get what they voted for in this week’s election? Find out on this week’s PlayingFTSE Show! It’s been a really good week for UK shares. The election going as the market expected has helped prices in the FTSE 100 and the FTSE 250. Steve and Steve are in to talk about the election, but not just the election. There’s a lot to talk about in terms of stocks to consider buying. We’ve talked about the election quite a lot over the last few weeks, so feels right to have a debrief now that it’s all done. Labour won in a landslide and there were big gains for Reform and the Greens. What lessons should investors – and UK citizens more generally take from this one? Steve and Steve have their ideas, but from now, it’s mostly about looking forward. Monzo has been boosting its security recently. The bank that brought in a notification to say they’re not calling you now has some interesting new features. There’s now the ability to set locations for transferring large amounts, so if your phone goes missing there’s a bit more protection. Would Steve and Steve be willing to sign up for it? Labour’s plan to build 1.5m new houses over the next three years is ambitious. But it could be a big boost for Forterra – the show’s favourite brick manufacturer. The stock is climbing after the election result on the promise of strong demand. Steve W is wondering whether this is time to buy, sell, or hold, though. We haven’t discussed McDonald’s on the PlayingFTSE Show before. Most people – certainly us – know what it does, but there’s more going on than meets the eye. Widening margins and a declining share count aren’t what we might expect from a stock at a 52-week low. So is there a buying opportunity here for either of the Steves? Only on this week’s PlayingFTSE Podcast! ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps: 0:00 Intro & How’s Your Week Been? 9:38 Election Debrief 21:01 Monzo 33:26 Forterra 49:58 Mcdonalds ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: Are the Labour party taxing condoms? Find out on this week’s PlayingFTSE Show! It’s the last show before the UK election and the end of the first half of 2024. That means it’s a good time for Steve and Steve to have a look forward in politics and back in the stock market. Steve D has managed to keep his churn relatively low. A run through his portfolio indicates there have only been a few big sells, with Deckers and Cava among them. So what has Steve been buying? There’s a UK stock in the mix and could there possibly be a return to his portfolio for an old favourite? Steve W has also sold one big position and one smaller one. But with the start of the new financial year, he’s been taking the opportunity to get started on his Stocks and Shares ISA. It’s been a UK-heavy quarter for Steve W. But which of his stocks has Steve D also been buying since the end of March? The Green Party have an ambitious manifesto that is focused on investing heavily. And they’re not scared to borrow money to do it. Predictably, they have a lot on their minds to do with renewable energy and the climate. But what else is part of the Green Party’s plan for Britain if they – somehow – win the election? Top of Reform’s priorities is – unsurprisingly – immigration. The party has plans to spend heavily on the local and national services, cutting the foreign aid budget to fund it. The odds of Reform winning the election are very long indeed. But should investors pay attention to a quiet part of society that might make itself known when voting time comes? Only on this week’s PlayingFTSE Podcast! ► UBI Link: https://jacobin.com/2016/05/richard-nixon-ubi-basic-income-welfare/ ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps: 0:00 Intro & How’s Your Week Been? 6:24 Steve D Review 24:56 Steve W Review 44:06 Green Party 1:03:16 Reform Review ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: Who’s birthday is it this week? Find out on this week’s PlayingFTSE Show! Steve and Steve have been mad busy this week. One of them has been staring at a pile of exam papers on Aesthetics, the other has been stuck doing his civic duty. Both are in to talk about the latest news, though. It’s been quite a week for the UK and we wouldn’t miss it for the world. The Labour Party’s manifesto is an interesting document. There’s lots to think about, but one question is how much of it they’re actually in a position to deliver on. Steve W has some strong views on a potential windfall tax on oil and gas companies, and Steve D is interested in housing. What else is on the cards if there’s a change of government on the way? Inflation in the UK hit 2% this week, but there’s plenty below the surface for investors to keep an eye on. Core inflation is still high and prices are still up a long way from where they were in 2020. Interest rates aren’t coming down yet. But that isn’t stopping the housing market, which is back to all time highs, despite prices going up below the rate of core inflation… The Liberal Democrats have a manifesto for this election and there’s a lot to like in it. It’s not just a watered-down version of Labour’s policy document, there’s plenty that makes a lot of sense. Does any of it matter, though? With the party trailing badly in the polls, is there any reason to vote for them given that their intentions do look strikingly similar to those of another party with better odds? It’s time for another look at B&M European Value. The FTSE 100 retailer is down 25% since Steve W thought it looked like decent value at the start of the year. The business is performing well, though. So could a rising dividend yield be an opportunity for a company with some of the lowest costs in the industry? Only on this week’s PlayingFTSE Podcast! ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps: 0:00 Intro & How’s Your Week Been? 9:16 Labour Manifesto 30:19 Macro update 43:40 Lib Dem Update 1:03:43 B&M Bargains (Bargain Shop Bargain Price) ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: What’s Steve D doing this week? Don’t find out on this wek’s PlayingFTSE Show! It’s been a bruising week in the markets for both Steve and Steve, with UK stocks struggling as interest rate cuts are delayed. But they’re here to talk about itwith everyone. With the election on the horizon, Steve D has been taking a look at some manifestoes. We’re starting this week with the Conservative Party and what they’re planning. There are plans for National Insurance, defence, education, and energy. A lot have been trailed in advance, but do any of them resonate with Steve and Steve? Halma is one of Steve W’s favourite UK stocks and it reported its full-year results this week. The stock is up 12% as earnings look positive, but is a P/E ratio of 40 too much to pay? High-performing conglomerates can be great investments, but they tend to slow down over time. So is Halma anywhere near that point, or is the company’s growth just speeding up? Wise is a stock that has confused the Steves before. Last time it provided an update, the stock went down but it wasn’t entirely clear why – and it’s doing it again… Interest income is high with interest rates up. But with the stock now at 75% of its IPO price, at what point does it become a bargain that’s too good to pass up? Only on this week’s PlayingFTSE Podcast! ► What We Consumed This Week: ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps: 0:00 Intro & How’s Your Week Been? 9:48 Tory Manifesto 33:12 Halma 47:21 Wise ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: Did Steve D buy those Diageo shares from last week? Find out on this week’s PlayingFTSE Show! Steve and Steve are talking stocks to consider buying this week. There’s some news left over from last time and three more to add to the watchlists. We’ve had a request from a viewer on Spotify to talk about Games Workshop. Steve W has been looking at this one and there’s a lot to like about the company. Strong intellectual property makes for some attractive economics. But why does Steve think it will upset both value investors and dividend investors? Steve D has been hunting for bargains and the place he’s been looking is Ollie’s Bargain Outlet. Discount retail is in at the moment and this is a stock we’ve looked at before. Strong growth from new stores as well as some more affluent customers refusing to trade back up as inflation subsides is pushing things along. Is the stock (or Five Below) a buy? Rentokil Initial isn’t a stock we’ve talked about on the show before, but it’s catching Steve W’s attention. Pest control is about as acyclical as it gets, but the stock is down big. A potentially transformative acquisition is the reason, but could the damage to the balance sheet be temporary? And after a 7% rally, is it too late for UK investors to get buying? MongoDG is a database software business that’s on the move higher. Stock-based compensation is growing swiftly, but so is the overall business. A big drop might be an opening for the Steves to start taking an interest. With the industry in a cyclical downtrend, could it be time to make a move with others on the sidelines? Only on this week’s PlayingFTSE Podcast! ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps: 0:00 Intro & How’s Your Week Been? 7:38 Games Workshop 25:44 Ollies Bargain Outlet 44:41 Rentokil 58:51 Mongodb ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: What’s Steve D been thinking about in bed this week? Find out on this week’s PlayingFTSE Show! There’s been a lot going on in the world and Steve and Steve are on deck to talk about some of the highlights. They’re talking bank accounts, earnings, and a stock for investors to consider buying. Marcus have been pulling in their interest rates – and both Steves have noticed it. Holding cash in the Goldman savings account isn’t as attractive as it might once have been. There’s now clear daylight between its rate and the rate on the Trading212 account. But Steve W is wondering whether this might be a sign of things to come. If rates are about to come down, dividend yields are likely to follow. So could time be running out to invest in the stock market with prices at bargain levels? The latest earnings report from Salesforce is also out. The market didn’t much like it, with margins coming down, but Steve D thinks there’s a lot to like about it. Stock-based compensation is relatively high, at 8% of revenues. But is this something investors should be ok with given the company’s performance across the board? Growth has been strong across the board and Salesforce is in a position where nobody wants to compete with them. With the stock down, Steve D is having a closer look. Steve W has been looking at Diageo. With the FTSE 100 up solidly over the last year, the stock has been going the other way. A strong brand portfolio and a huge distribution network give it a big advantage over its competitors. So why has the stock been going backwards? A premium portfolio in a world of high interest rates hasn’t been a winning combination. But with Guinness holding up well, Steve W thinks things might be about to turn around. ► What We Consumed This Week: ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps: 0:00 Intro & How’s Your Week Been? 7:47 Savings Rates Are Being Cut 20:55 Salesforce 43:58 Diageo ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: Whose town has been taken over by a bunch of Karens? Find out on this week’s PlayingFTSE Show! We’re getting straight into the action this week – there’s a General Election on the way. And Steve and Steve have plenty to think about here. It comes on the back of an impressive inflation reading that the FTSE 100 didn’t like very much. But what should investors be looking for next from the UK? Nvidia reported earnings this week and the numbers came in impressive. With AI spending still going, the company annoucned 600% revenue growth. The question for investors is what the supply and demand balance looks like. Steve W is more concerned about supply and Steve D thinks the real question is around demand. Rolls-Royce has had an impressive couple of years. It’s not been going full Nvidia, but a recovery in engine flying hours has been driving things forward. The company announced this week that it’s on track to its £3.1bn free cash flow target in 2027. But the stock didn’t move, so Steve W is taking a closer look at a potential bargain. Bloomsbury has been a terrific stock for Steve D. Led by the output of Sarah J. Mass, the company has been growing impressively and put up some strong numbers. What does it look like if the publication cadence slows down, though? Steve D has the answer, but in the meantime, there’s a 25% dividend increase for investors to enjoy. Experian share trade at a price-to-earnings (P/E) ratio of 40. And with company growing at 6% per year, it looks like it’s grossly overpriced. Steve W thinks there’s more going on with the stock, though. But is a cyclical recovery in the US and a strong presence in Latin America enough to get the company growing enough to justify its price tag? Deckers is a stock that has had Steve D doing victory laps for some time. And the company announced a strong set of earnings this week. The growth looks steady, rather than spectacular. Steve is rethinking his investment as a result. But what’s the ideal timeline for him to make a sell with the pound holding up well against the dollar in the face of the latest election news? ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps: 0:00 Intro & How’s Your Week Been? 6:25 UK Election 19:54 Nvidia 38:03  Rolls Royce 50:20 Bloomsbury 1:06:23 Experian 1:19:49 Deckers ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

► Get a free share! This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! https://www.trading212.com/Jdsfj/FTSE ► Get 15% OFF Finchat.io: Our friends at Finchat.io have kindly offered our subscribers 15% off any paid subscription on their site. We highly recommend this tool for stock analysis and summarising earnings calls! https://finchat.io/playingftse/?lmref=iQl2VQ ► Episode Notes: What do Steve and Steve not talk about? Find out on this week’s PlayingFTSE Show! It’s been a busy week in the financial markets and Steve and Steve have been watching what’s going on. There’s 13F news and earnings reports from around the (developed) world to get stuck into. Warren Buffett has been buying a secret new stock over the last 9 months. Well, the secret is out – and the stock is Chubb. It’s not a UK security and fire safety company, it’s a Swiss insurer. Steve W has been looking at the stock and the underlying business. Chubb is a better-than-average stock at a below-average price. With Buffett’s experience in insurance, it’s easy to see why he’s been buying – but is either Steve interested? Euronext released a trading update this week and it looks strong. Revenues are growing nicely and the company has been expanding its clearing division. Steve and Steve compare the largest EU exchange to LSEG – which runs Refinitiv and the London Stock Exchange. Long story short, things are much more straightforward across the channel. Steve D owns this one, is Steve W about to join in? And could LSEG finally be in the clear to start optimising for profits and cash flows? Diploma is one of Steve W’s favourite stocks. The share price has been going higher again this week after the latest earnings release. It’s a story of a lot of little things adding up to a big one. With revenues growing, margins widening, and cash conversion improving, there’s plenty for shareholders to be pleased about. The stock isn’t cheap, but it hasn’t been cheap for ages. And if the growth is set to continue, there’s going to be plenty good returns for investors before the company gets too big to expand. Monday.com has been a big winner for Steve D. The stock rocketed higher this week as a strong set of earnings revealed a business doing an impressive job in a crowded industry. The stock has a P/E ratio north of 500, but that’s set to come down significantly. And with growth showing good momentum, the multiple could get a lot lower in a short space of time. There’s also a takeover angle to ► What We Consumed This Week: ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Timestamps: 0:01 Intro & How’s  Your Week Been? 8:11 Berkshire Buys Chegg 23:58 Euronext 40:23 Diploma 53:32 Monday.com ► Show Notes: What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com