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Bruce Packard

@brucebsky.bsky.social
111 followers 82 following 82 posts

Analysing financial stuff in the UK. Sometimes for Moneyweek, Sharepad or others.

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Bruce Packard @brucebsky.bsky.social · 29/01/2026
knowledge.sharescope.co.uk/2026/01/21/b... a look at the causes of volatility in the natural gas price, and what this might signal for equity markets. Companies covered #CKN, #EYE, #CTG.
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 21/01/2026 | CKN, EYE, CTG | Natural Gas snaps back - ShareScope Articles
Bruce takes a look at the causes of volatility in the natural gas price, and what this might signal for equity markets.  Companies covered CKN, EYE, CTG.
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Bruce Packard @brucebsky.bsky.social · 03/12/2025
knowledge.sharescope.co.uk/2025/11/26/b... #JMAT #CML #SAA #SFOR
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 26/11/2025 | JMAT, CML, SAA, SFOR | The outlook for Government Debt - ShareScope Articles
Bruce takes a look at how liquidity trends in international government bond markets might be spilling over to equities markets.  Companies covered: JMAT, CML,
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Bruce Packard @brucebsky.bsky.social · 26/11/2025
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.
sharescope.co.uk
ShareScope
Voted Best Investment Software. Join thousands of successful investors today
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Bruce Packard @brucebsky.bsky.social · 19/11/2025
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
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
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Bruce Packard @brucebsky.bsky.social · 22/10/2025
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
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Bruce Packard @brucebsky.bsky.social · 20/09/2025
moneyweek.com/investments/... #OCN #HAN
moneyweek.com
Three poor deals for trust investors
Small shareholders need protection in related-party deals, says Bruce Packard
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Bruce Packard @brucebsky.bsky.social · 10/09/2025
moneyweek.com/investments/... #BGEO #TBCG
moneyweek.com
When buying bank stocks, think small for the best value
Bankers love to build bloated global empires, but that rarely rewards their investors, says Bruce Packard
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Bruce Packard @brucebsky.bsky.social · 29/08/2025
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
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Bruce Packard @brucebsky.bsky.social · 13/08/2025
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.
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Bruce Packard @brucebsky.bsky.social · 04/08/2025
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/...
moneyweek.com
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.
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Bruce Packard @brucebsky.bsky.social · 01/08/2025
#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/...
moneyweek.com
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
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Bruce Packard @brucebsky.bsky.social · 30/07/2025
knowledge.sharescope.co.uk/2025/07/23/b... Companies covered #DOCS, #BKS, #CRL
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 23/07/2025 | DOCS, BKS, CRL | Gilts to crowd out UK mortgages? - ShareScope Articles
The FTSE 100 rose to just above 9,000, up +0.8% in the last 5 trading days. The Nasdaq 100 was up +1.4% while the S&P 500 was up +0.6% over the same time
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Bruce Packard @brucebsky.bsky.social · 26/07/2025
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.
joincolossus.com
The Man With the Hot Hand
The dizzying rise, brief fall, and white-hot resurgence of Abstract’s 34-year-old Founder, Ramtin Naimi
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Dan Davies @dsquareddigest.bsky.social · 25/07/2025
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...
ft.com
Revisiting some chat transcripts after Tom Hayes’ exoneration
What are the lessons of the Libor scandal?
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Bruce Packard @brucebsky.bsky.social · 16/07/2025
knowledge.sharescope.co.uk/2025/07/09/b...
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 09/07/2025 | MANO, AOM | Are we asking the right questions about LLMs? - ShareScope Articles
How confident can we be that the tech companies spending hundreds of billions of capex on LLM will generate adequate returns? Companies covered MANO and AOM.
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Bruce Packard @brucebsky.bsky.social · 07/07/2025
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.
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Peter Walker @peterwalker99.bsky.social · 07/07/2025
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...
theguardian.com
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
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Bruce Packard @brucebsky.bsky.social · 27/06/2025
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.
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Bruce Packard @brucebsky.bsky.social · 24/06/2025
Tennor Holding, Tennor International, Tennor Group... www.ft.com/content/90d0... @bondhack.ft.com ...but will anyone lend Lars a tenner?
ft.com
Lars Windhorst’s Tennor Holding declared bankrupt
Company that borrowed billions from investors collapses into insolvency over unpaid Dutch tax
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Duncan Lamont @duncanlamont2.bsky.social · 23/06/2025
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
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Bruce Packard @brucebsky.bsky.social · 24/06/2025
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.
moneyweek.com
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
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Bruce Packard @brucebsky.bsky.social · 18/06/2025
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
knowledge.sharescope.co.uk
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
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Bruce Packard @brucebsky.bsky.social · 11/06/2025
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?
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Bruce Packard @brucebsky.bsky.social · 04/06/2025
"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
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Bruce Packard @brucebsky.bsky.social · 04/06/2025
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...
knowledge.sharescope.co.uk
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
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Bruce Packard @brucebsky.bsky.social · 26/05/2025
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
open.substack.com
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
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Bruce Packard @brucebsky.bsky.social · 23/05/2025
I remember the banking sector "pivot to Asia" in early 2008 😱😱😱
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Bruce Packard @brucebsky.bsky.social · 21/05/2025
knowledge.sharescope.co.uk/2025/05/14/b... Stocks mentioned #SPA, #ELCO & #OCN latest
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 14/5/2025 | SPA, ELCO, OCN | Trump’s Trade Truce - ShareScope Articles
Markets have reacted well to the trade truce between the US and China, yet there may still be problems ahead. Companies covered SPA, ELCO, and OCN.
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Bruce Packard @brucebsky.bsky.social · 09/05/2025
My thoughts on the 'voluntary disclosure' of FX broker #argentex #AGFX ...."Riskless Principal" indeed the-blindspot.com/guest-writer...
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Bruce Packard @brucebsky.bsky.social · 08/05/2025
Just came across this fascinating piece of accademic accounting research (don't laugh!) looking at "non-answers" in management / analyst Q&A conference calls. #studysilencetolearnthemusic onlinelibrary.wiley.com/doi/epdf/10....
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Bruce Packard @brucebsky.bsky.social · 07/05/2025
knowledge.sharescope.co.uk/2025/04/30/b... #AGFX #MERC #ELIX #investing #markets
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 30/4/2025 | AGFX, MERC, ELIX | Zero Zero Margins - ShareScope Articles
A look at what has gone wrong at AGFX, including management’s voluntary disclosure around liquidity risk versus the reality of zero-zero margins. Other
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Justin Wolfers @justinwolfers.bsky.social · 05/05/2025
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Bruce Packard @brucebsky.bsky.social · 23/04/2025
knowledge.sharescope.co.uk/2025/04/16/b... A look at why bull markets climb a “wall of worry”, but crashes are fast and brutal. Companies covered #VLX, #BOOM and #CNC.
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 16/4/2025 | VLX, BOOM, CNC | When narratives crash - ShareScope Articles
It’s been a wild couple of weeks! Here’s a Sharescope chart of how the major indices have performed since 2nd April. Apologies for the amount of red in the
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Bruce Packard @brucebsky.bsky.social · 15/04/2025
www.russell-clark.com/p/am-i-the-r... This is excellent. We need more snooker (and cricket) analogies in global macro
russell-clark.com
AM I THE RONNIE O'SULLIVAN OF MACRO?
Ronnie is a legend at snooker - but hates it. I feel the same about macro investing.
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Dan Davies @dsquareddigest.bsky.social · 15/04/2025
"trying to play around with bank regulation in the belief that you can affect government bond yields by creating a captive investor base"! the USA is officially Italy with worse food www.bloomberg.com/opinion/arti...
bloomberg.com
Bessent Is Wrong About Banks Saving Treasuries
The treasury secretary wants to build a safe space for volatile US government debt on banks’ balance sheets. It may not be so easy.
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Bruce Packard @brucebsky.bsky.social · 09/04/2025
knowledge.sharescope.co.uk/2025/04/02/b... A look at Larry Fink’s latest letter to BlackRock shareholders. 🇺🇸 The asset manager now oversees $11.6 trillion in AuM, with $281bn of inflows in Q4 alone. #AVON #BWY #VTY #FRAN
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 2/4/2025 | AVON, BWY, VTY, FRAN | A letter from Larry - ShareScope Articles
A look at Larry Fink’s letter to BlackRock shareholders. The US asset manager has $11.6 trillion of AuM, and saw $281bn of inflows in Q4 alone. Companies
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Bruce Packard @brucebsky.bsky.social · 08/04/2025
www.bloomberg.com/opinion/arti...
bloomberg.com
Chelsea's Private-Equity Profit Play Is Too Cute by Half
The club’s owners score a needed windfall by selling its women's team to itself.
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Bruce Packard @brucebsky.bsky.social · 07/04/2025
www.jpmorganchase.com/ir/annual-re... Jamie Dimon's shareholder letter - if I had to describe it in one word: statesmanlike
jpmorganchase.com
Jamie Dimon's Letter to Shareholder's, Annual Report 2024 | JPMorganChase
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David Blanchflower BSc @davidbflower.bsky.social · 28/03/2025
Sunrise Solar Eclipse on March 29th for Eastern North America. 🔭 🧪 skyandtelescope.org/astronomy-ne...
skyandtelescope.org
Sunrise Solar Eclipse on March 29th for Eastern North America
The March 29th partial solar eclipse offers unique opportunities for photography and viewing alike.
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Bruce Packard @brucebsky.bsky.social · 26/03/2025
knowledge.sharescope.co.uk/2025/03/19/b... Where's the contagion from the US equities sell-off? cf bond, credit & commodity indicators. Stocks in focus: #JUST #SOM #SRC #StockMarket #Investing #Finance #Bonds #Commodities
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 19/3/2025 | JUST, SOM, SRC | Rebalancing or US recession? - ShareScope Articles
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theroutemaster.bsky.social @theroutemaster.bsky.social · 24/10/2024
@htviolaheir.bsky.social How on earth have they got away with it? Beyond incompetence. www.investorschronicle.co.uk/content/8deb...
investorschronicle.co.uk
Shuttered infrastructure trusts struggle in buyers' market
Winding down could be a laborious process for trusts as they deal with buyers haggling over illiquid assets
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Bruce Packard @brucebsky.bsky.social · 21/03/2025
www.standard.co.uk/comment/manc... London's problem: the rents are too high...
standard.co.uk
Even Manchester is now better than London — thanks to our crazy property market
In 1989 I took my first ever trip to Manchester from London. My first impression of Manchester back then was that it was absolutely crap. I may have been missing something, but as far as I could see t...
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Bruce Packard @brucebsky.bsky.social · 18/03/2025
knowledge.sharescope.co.uk/2025/03/05/b... A fundamental constant of the universe...
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 5/3/2025 | QTX, IPF, WATR | Buffett’s mistake count - ShareScope Articles
A look at Buffett's rudimentary textual analysis of management discussion of mistakes and errors. Companies covered: QTX, IPF, WATR.
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Dan McCrum @mccrum.bsky.social · 06/03/2025
FT investigation into circular flows of cash involving Brookfield’s globe spanning property portfolio. Dividends from a loss making business contributed to the Canadian conglomerate’s headline profits, even as it pumped money back into the Bermuda unit. From me and Antoine Gara
on.ft.com
How much does Brookfield really make?
[FREE TO READ] One of the world’s most complex financial conglomerates is attracting scrutiny for circular flows of cash involving its global property portfolio
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Bruce Packard @brucebsky.bsky.social · 27/02/2025
knowledge.sharescope.co.uk/2025/02/19/b... I know Cathie Wood is rather unfashionable these days, but she has interesting ideas and hasn't done too badly recently, despite selling Nvidia far too early
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 19/2/2025 | PRV, PZC, BATS | Big Ideas - ShareScope Articles
The FTSE 100 ended the week around 8,735, up +0.4%. The Nasdaq100 and S&P500 were up +1.2% and +0.5%, respectively. The best-performing index YTD has been
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Bruce Packard @brucebsky.bsky.social · 13/02/2025
knowledge.sharescope.co.uk/2025/02/05/b... A look at Rory Sutherland’s idea of “slow intelligence”, and if it makes sense to make processes less efficient. Companies covered: RNWH, BBSN, FEVR.
knowledge.sharescope.co.uk
Bi-Weekly Market Commentary | 5/2/2025 | RNWH, BBSN, FEVR | Slow Intelligence - ShareScope Articles
We’ve seen significant volatility over the last couple of weeks, first with Nvidia’s reaction to DeepSeek’s AI model then Donald Trump’s tariff announcements.
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Bruce Packard @brucebsky.bsky.social · 11/02/2025
PZ Cussons H1 Nov results seem OK. Guidance revised upwards due to change in accounting assumptions around intercompany loans. But shareholders not yet on their way to Tahiti www.youtube.com/watch?v=3nK_...
youtube.com
Simon, Tahiti - old Imperial Leather TV Commercial
YouTube video by chrissieostrom
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Gabriel Zucman @gabrielzucman.bsky.social · 04/02/2025
Longer-term perspective on the rise of US oligarchy
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Bruce Packard @brucebsky.bsky.social · 04/02/2025
valueandopportunity.com/2025/02/04/b... Good review of Lionel Barber's book about Masayoshi Son
valueandopportunity.com
Book rewiew: “Gambling Man – The Wild Ride of Japan’s Masayoshi Son”
Content: This was clearly one of my “must read” books in 2024. The author, Lionel Barber, is the former editor of the financial times and as such clearly has access to people who might …
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Bruce Packard @brucebsky.bsky.social · 03/02/2025
Good read - US refineries need Canadian oil, despite the US being "energy independent"
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