Bruce Packard
@brucebsky.bsky.social
Analysing financial stuff in the UK. Sometimes for Moneyweek, Sharepad or others.
Black Friday offer for Sharescope. New and returning subscribers 30% OFF ANNUAL SUBSCRIPTIONS for ShareScope. www.sharescope.co.uk/sharescope.jsp sign up then add my special code bpbf25 into the blue promo code box on the basket view screen before you check out. Offer ends Sun 7th Dec.
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www.sharescope.co.uk
November 26, 2025 at 6:27 PM
Black Friday offer for Sharescope. New and returning subscribers 30% OFF ANNUAL SUBSCRIPTIONS for ShareScope. www.sharescope.co.uk/sharescope.jsp sign up then add my special code bpbf25 into the blue promo code box on the basket view screen before you check out. Offer ends Sun 7th Dec.
My latest for Sharescope knowledge.sharescope.co.uk/2025/11/12/b... #DGE sales struggling in China, #CWR hydrogen finally coming good? And #SOLI finding a floor
Bi-Weekly Market Commentary | 12/11/2025 | DGE, CWR and SOLI | Post Presentation Performance - ShareScope Articles
Bruce Packard reviews how past Mello London presenters have performed, revealing funds outpacing most small-cap companies. He also analyses updates from
knowledge.sharescope.co.uk
November 19, 2025 at 10:34 AM
My latest for Sharescope knowledge.sharescope.co.uk/2025/11/12/b... #DGE sales struggling in China, #CWR hydrogen finally coming good? And #SOLI finding a floor
knowledge.sharescope.co.uk/2025/10/15/b... companies covered #DIA, #IHC & #TSTL Riding the wave across the pond, and mixing my metaphors with US bubbles versus UK outflows
October 22, 2025 at 6:58 AM
knowledge.sharescope.co.uk/2025/10/15/b... companies covered #DIA, #IHC & #TSTL Riding the wave across the pond, and mixing my metaphors with US bubbles versus UK outflows
With Natural Gas down -20% YTD, renewable energy sources could be replacing demand for fossil fuels, reducing risk of 70’s style stagflation. Companies covered PLUS, MHA and ZTF.https://knowledge.sharescope.co.uk/2025/08/20/bi-weekly-market-commentary-20-08-2025-plus-mha-ztf-a-look-at-energy-costs
August 29, 2025 at 11:28 AM
With Natural Gas down -20% YTD, renewable energy sources could be replacing demand for fossil fuels, reducing risk of 70’s style stagflation. Companies covered PLUS, MHA and ZTF.https://knowledge.sharescope.co.uk/2025/08/20/bi-weekly-market-commentary-20-08-2025-plus-mha-ztf-a-look-at-energy-costs
knowledge.sharescope.co.uk/2025/08/06/b... A look at the valuations achieved by US-listed dog walking apps, Wag and Rover. Companies covered #STVG, #GRG, #CBG and #OCN.
August 13, 2025 at 10:21 AM
knowledge.sharescope.co.uk/2025/08/06/b... A look at the valuations achieved by US-listed dog walking apps, Wag and Rover. Companies covered #STVG, #GRG, #CBG and #OCN.
UK banks have had a strong 18 months AND it is the lowest quality banks, #MTRO +240% and #NWG +138% that have performed best. You read it here first in 2022: moneyweek.com/investments/...
When to buy shares in NatWest, Britain's worst bank
Rising interest rates should lift profits for the banking sector if inflation doesn’t get out of control, says Bruce Packard.
moneyweek.com
August 4, 2025 at 12:08 PM
UK banks have had a strong 18 months AND it is the lowest quality banks, #MTRO +240% and #NWG +138% that have performed best. You read it here first in 2022: moneyweek.com/investments/...
#FTC Bored of reading all the doom and gloom about the UK and #AIM stocks? Here's an AIM listed UK tech success story! moneyweek.com/investments/...
Filtronic: a UK success story cashing in on the space race
Filtronic has become an all-too-rare Aim success story since it moved down to the junior market
moneyweek.com
August 1, 2025 at 9:49 AM
#FTC Bored of reading all the doom and gloom about the UK and #AIM stocks? Here's an AIM listed UK tech success story! moneyweek.com/investments/...
joincolossus.com/article/ramt... "Marc Andreessen, Chris Dixon, David Sacks, Keith Rabois, Michael Ovitz, Kevin Hartz, Bill Ackman, Stanley Druckenmiller, and Kevin Warsh bought 20% of his management company, for $10m" Blimey.
The Man With the Hot Hand
The dizzying rise, brief fall, and white-hot resurgence of Abstract’s 34-year-old Founder, Ramtin Naimi
joincolossus.com
July 26, 2025 at 10:27 AM
joincolossus.com/article/ramt... "Marc Andreessen, Chris Dixon, David Sacks, Keith Rabois, Michael Ovitz, Kevin Hartz, Bill Ackman, Stanley Druckenmiller, and Kevin Warsh bought 20% of his management company, for $10m" Blimey.
Reposted by Bruce Packard
It's up! A delicately and subtly lawyered review of whether or not there was something kind of scuffed going on in LIBOR rates trading.
www.ft.com/content/9a72...
www.ft.com/content/9a72...
Revisiting some chat transcripts after Tom Hayes’ exoneration
What are the lessons of the Libor scandal?
www.ft.com
July 25, 2025 at 1:00 PM
It's up! A delicately and subtly lawyered review of whether or not there was something kind of scuffed going on in LIBOR rates trading.
www.ft.com/content/9a72...
www.ft.com/content/9a72...
When I started work in equity research, I had to learn to think in UK bank balance sheet amounts, and that now helps me visualise orders of magnitude.
I think most people (myself included) don’t have an intuition for orders of magnitude (e.g., the difference between millionaire and billionaire).
One way to appreciate this is time, since we all experience it. Here's the difference between a thousand, a million, and a billion seconds.
One way to appreciate this is time, since we all experience it. Here's the difference between a thousand, a million, and a billion seconds.
July 7, 2025 at 4:23 PM
When I started work in equity research, I had to learn to think in UK bank balance sheet amounts, and that now helps me visualise orders of magnitude.
Reposted by Bruce Packard
NEW: Big study of low-traffic neighbourhoods in London suggest they cut road injuries and deaths by more than a third within their boundaries with no apparent negative safety effect on nearby roads. This feels a *major* boost for proponents of such schemes.
www.theguardian.com/world/2025/j...
www.theguardian.com/world/2025/j...
London’s low-traffic zones ‘cut deaths and injuries by more than a third’
Exclusive: Study also finds no change in number of casualties on roads just outside low-traffic neighbourhoods
www.theguardian.com
July 7, 2025 at 1:11 PM
NEW: Big study of low-traffic neighbourhoods in London suggest they cut road injuries and deaths by more than a third within their boundaries with no apparent negative safety effect on nearby roads. This feels a *major* boost for proponents of such schemes.
www.theguardian.com/world/2025/j...
www.theguardian.com/world/2025/j...
This already happened in finance 20 years ago.
Algo's beat human traders, but then algo's had to compete against other algo's.
We're now just seeing the same tech applied to job hunting and dating websites.
Algo's beat human traders, but then algo's had to compete against other algo's.
We're now just seeing the same tech applied to job hunting and dating websites.
The real AI arms race is between one another 🥰 nymag.com/intelligence...
June 27, 2025 at 9:23 AM
This already happened in finance 20 years ago.
Algo's beat human traders, but then algo's had to compete against other algo's.
We're now just seeing the same tech applied to job hunting and dating websites.
Algo's beat human traders, but then algo's had to compete against other algo's.
We're now just seeing the same tech applied to job hunting and dating websites.
Tennor Holding, Tennor International, Tennor Group...
www.ft.com/content/90d0... @bondhack.ft.com
...but will anyone lend Lars a tenner?
www.ft.com/content/90d0... @bondhack.ft.com
...but will anyone lend Lars a tenner?
Lars Windhorst’s Tennor Holding declared bankrupt
Company that borrowed billions from investors collapses into insolvency over unpaid Dutch tax
www.ft.com
June 24, 2025 at 9:52 AM
Tennor Holding, Tennor International, Tennor Group...
www.ft.com/content/90d0... @bondhack.ft.com
...but will anyone lend Lars a tenner?
www.ft.com/content/90d0... @bondhack.ft.com
...but will anyone lend Lars a tenner?
Reposted by Bruce Packard
What a chart!
Shows the changing share of S&P 500 assets which are intangible vs tangible, from a CFA institute report
H/t Matteo Lombardo on LI
Shows the changing share of S&P 500 assets which are intangible vs tangible, from a CFA institute report
H/t Matteo Lombardo on LI
June 23, 2025 at 1:35 PM
What a chart!
Shows the changing share of S&P 500 assets which are intangible vs tangible, from a CFA institute report
H/t Matteo Lombardo on LI
Shows the changing share of S&P 500 assets which are intangible vs tangible, from a CFA institute report
H/t Matteo Lombardo on LI
moneyweek.com/investments/...
An implicit assumption in financial regulation is that professionals with Bloomberg terminals and access to company management have an advantage. People should hand their money to someone in The City to manage because they can't trust themselves.
I disagree.
An implicit assumption in financial regulation is that professionals with Bloomberg terminals and access to company management have an advantage. People should hand their money to someone in The City to manage because they can't trust themselves.
I disagree.
How amateur investors could rescue UK stocks
Private investors must be the beneficiaries of a stock market recovery, says Bruce Packard – not brokers and fund managers
moneyweek.com
June 24, 2025 at 6:22 AM
moneyweek.com/investments/...
An implicit assumption in financial regulation is that professionals with Bloomberg terminals and access to company management have an advantage. People should hand their money to someone in The City to manage because they can't trust themselves.
I disagree.
An implicit assumption in financial regulation is that professionals with Bloomberg terminals and access to company management have an advantage. People should hand their money to someone in The City to manage because they can't trust themselves.
I disagree.
knowledge.sharescope.co.uk/2025/06/11/b...
As government debt fears grow, precious metals are surging. Who's buying 1,000 tons of gold a year and why?
Spotlight on #FTC, #GHH & #RFX
As government debt fears grow, precious metals are surging. Who's buying 1,000 tons of gold a year and why?
Spotlight on #FTC, #GHH & #RFX
Bi-Weekly Market Commentary | 11/6/2025 | FTC, GHH, RFX | Who is buying a thousand tons of gold a year? - ShareScope Articles
As concerns rise about the outlook for government debt, a look at what could be driving prices in the precious metals sector. Companies covered FTC, GHH and
knowledge.sharescope.co.uk
June 18, 2025 at 7:25 AM
knowledge.sharescope.co.uk/2025/06/11/b...
As government debt fears grow, precious metals are surging. Who's buying 1,000 tons of gold a year and why?
Spotlight on #FTC, #GHH & #RFX
As government debt fears grow, precious metals are surging. Who's buying 1,000 tons of gold a year and why?
Spotlight on #FTC, #GHH & #RFX
I have a dumb question:
how can Calastone still be reporting monthly fund outflows from UK equities, while AIM has bounced +22% since the start of April?
Is this retail money going directly into AIM, as professional fund mgrs are forced sellers?
how can Calastone still be reporting monthly fund outflows from UK equities, while AIM has bounced +22% since the start of April?
Is this retail money going directly into AIM, as professional fund mgrs are forced sellers?
June 11, 2025 at 8:56 AM
I have a dumb question:
how can Calastone still be reporting monthly fund outflows from UK equities, while AIM has bounced +22% since the start of April?
Is this retail money going directly into AIM, as professional fund mgrs are forced sellers?
how can Calastone still be reporting monthly fund outflows from UK equities, while AIM has bounced +22% since the start of April?
Is this retail money going directly into AIM, as professional fund mgrs are forced sellers?
"In order to build up the successful cluster in the first place, you need to provide a stable, rule-of-law environment in which people can be confident that they’re going to be able to enjoy the benefits of the investments they’re making."
This is also why we don't move to Minsk to found start-ups
This is also why we don't move to Minsk to found start-ups
over at the 'stack, I start thinking about the political economy of gentrification backofmind.substack.com/p/we-wanted-...
we wanted human capital, we got human beings
toward a theory of NIMBYs?
backofmind.substack.com
June 4, 2025 at 1:56 PM
"In order to build up the successful cluster in the first place, you need to provide a stable, rule-of-law environment in which people can be confident that they’re going to be able to enjoy the benefits of the investments they’re making."
This is also why we don't move to Minsk to found start-ups
This is also why we don't move to Minsk to found start-ups
A look at the rising number of companies exiting AIM, and whether a rebound in IPOs might offer investors some relief. Featuring #SDI, #CBG, and #BEG. 📉📈. knowledge.sharescope.co.uk/2025/05/28/b...
Bi-Weekly Market Commentary | 28/5/2025 | SDI, CBG, BEG | AIM exits continue - ShareScope Articles
The FTSE 100 was up less than half a percent to 8,717 over the last 5 days. The index is now flat versus the start of April, just before Trump announced his
knowledge.sharescope.co.uk
June 4, 2025 at 9:47 AM
A look at the rising number of companies exiting AIM, and whether a rebound in IPOs might offer investors some relief. Featuring #SDI, #CBG, and #BEG. 📉📈. knowledge.sharescope.co.uk/2025/05/28/b...
Just came across this Games Workshop #GAW substack write-up: In the Grimdark Future, There Is Only Profit open.substack.com/pub/stoacapi... h/t @memyselfandi007.bsky.social
Games Workshop (GAW LN): In the Grimdark Future, There Is Only Profit
This UK Consumer Discretionary Business Has Quietly Crushed the Mag7 with Premium Plastic, Fanatical Fans, and Fortress-Like Margins
open.substack.com
May 26, 2025 at 9:52 AM
Just came across this Games Workshop #GAW substack write-up: In the Grimdark Future, There Is Only Profit open.substack.com/pub/stoacapi... h/t @memyselfandi007.bsky.social