Playing FTSE

► Episode Notes: What parenting rite of passage has Steve W been through this week? Find out on this week’s PlayingFTSE Show! This week, Steve and Steve are in to talk about the news. There’s also a stock for Paul even though, in one of the smaller surprises for the week, there’s no Paul. We’re starting off with what we’ve been consuming. Steve D has been doing the decent thing and listening to people who disagree with him, whereas Steve W’s been taking the easy road and having his own views confirmed. Then it’s on to the most controversial issue of this week that we dare to talk about – fractional shares. With HMRC asking questions, do either of the Steves have a coherent view to offer on the legitimacy of fractionals in ISAs? After that, we’re in more familiar territory – Steve W promised a B&M piece last week and he’s finally delivering. Steve D seems impressed, but is it just because they’re headquartered in Hull? Last, it’s Forterra – the brick manufacturer that both Steves own. Things aren’t going well for the company at the moment, with more factories closing, but is the long-term thesis still intact? Only on this week’s PlayingFTSE Podcast! ► What We Consumed This Week: Jeremy Grantham: https://open.spotify.com/episode/0EYRzt0Wu1DELTN2wGh1fF Streetwise: https://open.spotify.com/episode/0E8yDDHIFyLcx9AabqgZSD ► 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps: 0:00 Intro 8:47 What We Consumed This Week? 26:27 Fractional Shares 42:53 B&M 55:02 Forterra Update ► 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

► Episode Notes: What does Steve W not wear during sex? Find out on this week’s PlayingFTSE Podcast! Paul is back this week and there’s a lot to catch up on. He’s got a new tattoo – where is it and what is it of? It turns out, this week, that all of the PlayingFTSE team have been listening to the same podcast. It’s The Memo, with Howard Marks – but what’s the latest episode about? After what we’ve been consuming, it’s on to the US consumers. Paul thinks they’re not in good shape, but Steve D has other ideas. That’s followed by an unscheduled detour into NextEra Energy. Both Steves sold this a while ago and they’re feeling good about themselves right now, but what would cause them to get back in? And Steve W’s finishing up with a stock for Paul – a UK REIT specialising in houses. The PRS REIT has been buying houses near Steve D, but is a 6% dividend yield enough to tempt Paul out of his bunker? Only on this week’s PlayingFTSE Show! ► What We Consumed This Week:Lex Fridman Podcast: https://youtu.be/MVYrJJNdrEg?si=jzH0V0To5wfDkFo1Behind The Memo: https://open.spotify.com/episode/6SM9yXtXJR9MjbHMLBCl1U?si=42a9b366c5bd4c9eJohn Rotonti: https://open.spotify.com/episode/3xNg1H5KHM0g0q6qCH0OfB?si=62c24befc9004d39Rational Reminder: https://open.spotify.com/episode/1aAJFnthqJqGO4S9qlNUQq?si=3a0873966d1742e0Book I couldn’t name at the time: https://www.rethinkx.com/humanity ► 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps:0:00 Intro9:41 What Have You Consumed This Week29:49 State of the US Consumer 42:59 Nextera48:25 PRS REIT ► 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

► Episode Notes: Whose digestive system went on strike this week? Find out on this week’s PlayingFTSE Show! It’s the start of Q4 and Steve D and Steve W are in to look at how the year’s been going and what might be in store for the rest of 2023. Plus, they’ve got Nike’s earnings and the answers to some of your questions. First of all, it’s time for a portfolio review. Steve W has had a quiet three months compared to Steve D, but what have we been buying and selling since July? Then it’s on to Nike, where things have been tough since pandemic-induced tailwinds have abated. But there’s some optimism around the stock, after a decent earnings report, so is this the opportunity the Steves have been waiting for? After that, it’s on to Realty Income, which is down 21% since the start of the year. Steve W reviews the case for and against, with a dividend yield approaching 5% and prospects for growth in Europe. Lastly, there’s a mystery s to look into – how is it possible for a company to be profitable before tax, but not after? The Steves have their thoughts, but they’re still on the lookout for such an elusive business… 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps:0:00 Intro14:11 Reviewing our portfolios26:36 Nike 46:38 Realty Income57:03 Listener Question ► 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 Free SharesWebull: https://www.webull-uk.com/s/9sLukBcojI7B3Pl3GITrading 212: https://www.trading212.com/invite/FfWDllxM ► Episode Notes: Where has Steve D been finishing lately? Find out on this week’s PlayingFTSE Show! This week, the Steves are talking about investing platforms, bank accounts, acquisitions, and FTSE 100 stocks. There’s a lot to talk about. First up, though, it’s consumption time. Both Steves have been on the podcast trail this week, so what have they been learning about in their spare time? After that, it’s on to Webull – the latest source of free shares. Is it a serious contender for Trading212, or is it just a short-term thing for both of the Steves? Then we’re talking about Nationwide and its 8% interest rate. What does Steve W think this shows about the banking sector and is Steve D about to switch his current account? Following that, we’re finally getting to some stocks. Growth has been slowing at Halma, according to its latest trading update, but is the sell-off in the stock a buying opportunity for Steve W? One company that has been getting ready to do some buying is Cisco. The network company is getting ready to buy Splunk – what do the Steves think of the deal and is this the start of a new wave of M&A? And we’re finishing with Taylor Wimpey. Steve W thinks their dividend policy is interesting and attractive, but Steve D is our construction expert and he’s not so sure… Only on this week’s PlayingFTSE Podcast! ► What We Consumed This Week:FT Behind The Money - https://www.ft.com/behind-the-moneyRich & Anonymous - https://open.spotify.com/episode/5ZGvKpnazrEQ1dFNBmkTWd?si=52ad3a08be3c43ffGS Exchanges - https://www.goldmansachs.com/intelligence/series/goldman-sachs-exchanges/ ► 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps: ► 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

► Episode Notes: Who’s been impressing the Steves with “proper cricket shots”? Find out on this week’s PlayingFTSE Podcast! It’s been an interesting week in the financial world and Steve and Steve are here to talk about the things that have been catching their eye. Things like Arm’s IPO, Adobe’s earnings, and Monzo’s new investment products. But we’re starting with things we’ve been consuming. Steve W has been diving into the world of banking with an email service he thinks is really helpful and Steve D has been exploring the ethically questionable world of Russian banking… and Chamath. With that out of the way, we’re looking at Arm’s IPO. It went well, with the stock now up at around $61 and Steve W’s been looking at the chip space, Arm’s prospects, and Softbank’s success. After that, it’s on to a private investment the Steves both own – Monzo. The challenger bank has launched some investment products and Steve D has the details of which funds are available to customers looking to put some money away for the long term. And we’re finishing with Adobe. After some strong earnings, the stock seemed to go down, but how much money has Steve D made with this stock… and how much has he left behind? Only on this week’s PlayingFTSE show! ► 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps: 0:00 Intro & Cricket 16:42 This Weeks Recommendations 26:04 Monzo Investments 42:24 ARM IPO 58:43 Adobe ► What We Consumed This Week: Industry Dive - https://www.industrydive.com/ Adyen Thesis - https://www.thewolfofharcourtstreet.com/p/adyen-nv-investment-thesis?s=09 FT Behind The Money - https://www.ft.com/behind-the-money ► 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

► Episode Notes: Who’s wrong so often they should change their name to ‘Steve?’ Find out on this week’s PlayingFTSE Podcast! Steve and Steve are talking stocks and sports again this week. England might have faded away horribly in the cricket, but our show is still pushing on regardless. Synthomer was Steve W’s pick for JKR’s competition at the mid-point of the year and it’s been a disaster. But with a rights issue helping to sort the balance sheet, might the company finally be through the worst? Next it’s UIPath – Romania’s contribution to the S&P 500, which was requested by some of our subscribers. Steve D’s been looking at this and thinks there might be some sneaky upside here to the business with the possibility of an acquisition… Sticking with the S&P 500, AirBnB is about to become the newest addition to the index. The stock is running up a little bit on the news, but Steve W thinks it might be worth keeping an eye open for a buying opportunity when the stock gets added. And we’re finishing this week with DocuSign. It’s more than copy and pasting signatures, but is one of Cathie Wood’s favourite stocks down enough to attract either of the Steves? Only on this week’s PlayingFTSE Show! ► Recommendations:https://amzn.to/3EvFQHN - Nick Magguili Book https://rationalreminder.ca/podcast/267 - Pessimism https://youtu.be/w3EYKuFGJ5c?si=Lk8VzeZ1DshdMaCL - James Jani https://youtu.be/gq1pqsSCT9o?si=E-mecSrB2nn6FdT4 - Wall St Millenial ► 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps:0:00 Intro & Cricket08:50 This Weeks Recommendations 20:52 Synthomer Blunder 34:10 UIPATH $PATH43:56 AirBNB $ABNB54:33 Docusign $DOCU ► 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

► Episode Notes: It’s promotion and relegation time! Only on this week’s PlayingFTSE Show! With the cricket season coming to an end, Steve W’s club are in battles at either ends of various divisions. But who are the winners and losers from the latest FTSE reshuffle? Brian Feroldi has a list of investing lessons that he’s learned the hard way. But what do the Steves think of them? Lastly, Steve D has been paying attention to the latest earnings from MongoDB. The database software business is bigger than it seems, but is its price tag also too large? Find out 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps: 0:00 Intro 11:03 FTSE Reshuffle 28:35 38 Investing Lessons 1:03:23 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

► Episode Notes: Who’s been buying houses lately? Find out on this week’s PlayingFTSE Podcast! Steve and Steve are talking about tech this week – there’s an IPO and three lots of earnings to go over. In general, it’s been a good week in the stock market for both of them. First up it’s Arm holdings. This is a company that isn’t about to be a FTSE 100 stock and the Steves find it hard to blame them, but is the upcoming IPO something that’s on their radar? Then it’s on to Autodesk – a Steve D stock. Steve W thinks this one might be sneakily cheaper than it looks at a quick first sight, so with Steve D knowing the company’s products well, could there be an opportunity? Next it’s Nvidia (of course it is, look at their earnings) which jumped on Wednesday and settled down towards the end of the week. The share price is up but there’s some impressive underlying growth – enough to tempt either Steve into action? Lastly, it’s Splunk (with an ‘L’) – one of the leading cybersecurity firms in the US. Unlike the company, the CEO has a strong name and the stock has a had a good week, so what have investors been seeing in it lately? Only on this week’s PlayingFTSE Show! ► 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps:0:00 Intro11:06 The Cricket13:57 ARM IPO29:04 Autodesk40:41 Nvidia54:56 SPLUNK ► 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

► Episode Notes: Why did Steve D have to pull over this week? Find out on this week’s PlayingFTSE Show! There’s been a lot going on this week – Steve D’s been buying cheese and Steve W’s been watching cricket. But we’ve also got the latest news from the UK, as well as earnings from Adyen, Admiral, and Tencent. We’re starting off with the latest macroeconomic news from the UK. Inflation has been coming down as wages have been going up – but why is Steve D cross about basically everything? Then it’s on to some earnings, starting with Adyen. The stock has taken a big 40% hit this week, but the business is growing – so is this a buying opportunity for either Steve? After that, we’re looking at Admiral, which Steve W thinks is better than most investors are thinking. Inflation is weighing on the company’s bottom line, so why did the stock rise by 5% this week? And we’re finishing with Tencent – a stock that we haven’t looked at recently. It’s quietly grown into an impressive business, with a lot of different operations but one in particular has caught Steve D’s eye. 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps: 0:00 Intro 13:42 UK Economy 28:27 Adyen 42:30 Admiral 55:12 Tencent ► 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

► Episode Notes: Which stock is the one that got away from Steve D and Steve W? Find out on this week’s PlayingFTSE Show! It’s back to business as usual on this week’s PlayingFTSE show. We’re looking at stocks and earnings from the last seven days and we’ve got five companies on our radar. First is AirBnB. At $130 stock had a dip after its earnings call last week, but which Steve is keen to buy and which one is holding back at this point? Next, we’re on to Amazon – a stock that both Steves own and one that has been doing well lately. But why does Steve W’s investment thesis keep changing with this company? After that, we’re looking at Fortinet, which is a new stock for our channel. Steve D has been loading up after a dive following the recent earnings performance, but why is the stock down? Then it’s on to Disney, which is a complicated old mess at the moment. With a new gambling initiative, slowing D+ subscribers, and a shift to profitability, are the Steves buying? Last, we’re talking about MercadoLibre. Both Steves used to own it and they don’t any more, but with the company going from strength to strength, is that a decision they now regret? 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!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps: 0:00 Intro 04:38 Airbnb  20:51 Amazon  33:27 Fortinet  42:43 Disney 56:55 MercadoLibre ► 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