PIWORLD Investor Podcasts

The Market Call returns to analyse market volatility, geopolitical tensions, and the impact of the Trump administration on the global economy and markets. Jeremy and Gareth explore U.S. GDP hitting 4.4%, and a historic precious metals boom with gold nearing $5,000 and silver approaching $100 an ounce. Discover key insights on the U.S. real economy, bond yields, and six critical investment themes f...

Is silver's price spike a bubble, or an early warning of government confiscation for AI data centres and military needs? Craig Tindale, Australian investor and essayist, argues the West has lost touch with the physical economy — and national capitalism is our only path back. In this episode: • Why Craig sees silver regulation or confiscation coming, or where we rip out solar panels for their silve...

Progressive's Jeremy McKeown recently caught up with Erik@YWR, a widely experienced investment professional and popular Substacker. Erik discusses his experience investing in Africa in the 20'teens and his involvement in what he calls Project Zimbabwe; don't think that we, in the West, are immune from our own versions of Project Zimbabwe. In Erik's view, we are, and counterintuitively, it partiall...

In the last episode of 2025, Progressive's Gareth Evans and Jeremy McKeown discuss the significant events of the week, including volatile equities, what precious metals prices are telling us, and the ups and downs of oil prices, with the US Navy on patrol offshore of Venezuela.  There has been a data dump of macro numbers and rate decisions, and an important decision by Europe's leaders not to sei...

Progressive's Jeremy McKeown and Gareth Evans discuss the main events of the last week in financial markets. The primary focus is on the mixed messaging from the Federal Reserve with its interest rate decision described as a hawkish cut. Jeremy describes how we might interpret this move, which is now signalling only one further rate cut in 2026. Kevin "The Real Asset" Hassett is widely expected to...

Cerillion CEO, Louis Hall and CFO, Andrew Dickson, present the company's results for the 12 months ended 30 September 2025, followed by Q&A. Louis Hall, CEO 00:16 Introduction 00:32 About Cerillion 01:38 Product Delivery Model 03:04 BSS/OSS Market Size 04:07 FY2025 Highlights 11:20 Competitive Landscape Andrew Dickson, CFO 12:45 2025 KPIs 17:13 2025 Financial Highlights 18:41 Cash Generation 2...

This week Progressive's Jeremy McKeown and Gareth Evans discuss mainly the apparent confusion of bitcoin falling while other “inflation hedge” or “real asset” measures like gold and silver are at or close to all-time highs.  Jeremy has four or five reasons why this might be the case - all of which highlight the usefulness of bitcoin’s “always on” trading 24/7 as a barometer or investor opinion. Ma...

IG Design Group Interim Executive Chair, Stewart Gilliland and CFO, Rohan Cummings, present the group's results for the six months ended 30 September 2025, followed by Q&A. Stewart Gilliland, Interim Executive Chair 00:16 Introduction 01:18 HY2026 Summary Rohan Cummings, CFO 02:22 Group Revenue 03:18 Adjusted Operating Profit 04:27 Segmental Performance 07:27 Financial Summary 09:25 Cash Flow...

This week Progressive's Jeremy McKeown and Gareth Evans discuss mainly the apparent confusion of bitcoin falling while other “inflation hedge” or “real asset” measures like gold and silver are at or close to all-time highs.  Jeremy has four or five reasons why this might be the case - all of which highlight the usefulness of bitcoin’s “always on” trading 24/7 as a barometer or investor opinion. Ma...

Progressive’s Jeremy McKeown visited Buenos Aires last November to understand the early impact of President Javier Milei’s election, guided in part by insights from Jeffrey Stout, a US-born businessman whose pro-Milei perspective stood out during Jeremy’s research. A year on, with midterms complete, Jeremy reconnects with Jeffrey to reflect on what has changed and how Argentina’s trajectory now lo...

On the 27th of November, Progressive's Jeremy McKeown had the good fortune to speak with Simon French , Head of Research at Panmure Liberum, and Thomas Moore , Senior Investment Director at Aberdeen, to discuss the UK Budget and its implications. Simon, who writes a regular column in the Times, is a go-to person on the UK economy, and Thomas is steeped in experience and understanding of the value...

Progressive's Ian Robertson and George O'Connor wish ChatGPT a Happy Birthday before cantering through recent UK small tech updates.   ActiveOps – going well, but could short-term brokers and metric-obsessed fund managers stop this little gem from reaching its full potential   Cerillion – a pause for breath, year, still well positioned, cash generative with excellent margins   GBG – it is going to...

As Americans took a break to overindulge on Thanksgiving, we Brits were forced to listen to our government explain how they had overindulged recently and how we must now pay for it. This week, Progressive's three wise men mansplain the Budget and its implications. Jeremy and Gareth are joined by Progressive building and construction analyst and Property Week columnist, Alastair Stewart, to offer h...

Progressive's George O'Connor and Ian Robertson catch up on the news and events affecting UK-listed tech companies. George and Ian consider Sage’s recent full-year results and where it can go from here. Its cloud-based US acquisition Intacct, has shown what can be done, but is Sage condemned to a life in the slow lane by its parochial home market’s love of yield and misunderstanding of growth. The...

This week Progressive's Jeremy McKeown and Gareth Evans start by talking about the market changing its mind twice, and quite materially.  The positive reaction to the US government's reopening was short-lived, as was the delight at NVIDIA's blowout earnings on Wednesday.  In both cases, prices were boosted by good news, only to drift - in NVIDIA's case by 8% top-to-bottom in the course of just a d...

Progressive's George O'Connor and Ian Robertson catch up on the news and events affecting UK-listed tech companies. Rightmove’s share price reaction to management’s decision to accelerate its investment in AI suggests that the market is not comfortable with AI and is in bear case hunt mode. Looking at Rightmove, Trainline, Autotrader et al. it is clear that AI is going to make a difference, but it...

Progressive's Jeremy McKeown speaks with renowned global thematic investor Mark Farrington, exploring decades of Asian market shifts—from Japan’s boom and bust to China’s emerging challenges. Two of Jeremy's guests this year from the world of global thematic investing, David Dredge and Marvin Barth, both cited Mark Farrington as someone they refer to for insight, particularly on developments in As...

Progressive's Jeremy McKeown and Gareth Evans discuss the week's events, with a greater focus on the UK, following the Reeves bombshell overnight that she has pivoted away from her previous indication that she would raise income tax for the first time in 50 years at the upcoming Budget on November 26th. This suggestion across most front pages today has thrown the gilts and the value of the pound i...

As the world shifts away from net-zero absolutism, the UK faces a defining moment in its energy policy. In this episode, Progressive's Jeremy McKeown explores whether the government will save the North Sea industry—or sacrifice it on the altar of net-zero—with insights from Kathryn Porter and Martin Copeland. As Keir Starmer and Ed Miliband return from COP30 in Brazil, Jeremy wanted to take a look...

This week, Progressive's Jeremy McKeown and Gareth Evans discuss a relatively calm week in the markets - China and the USA have reached a deal of sorts, the USD is slightly stronger but not so strong as to cause trouble elsewhere. The Fed is confused (and will be careful, likely meaning rates staying higher) because America remains in a Federal shutdown, and data is scarce. Still, US equity market...

Progressive's Jeremy McKeown and Gareth Evans discus the week's main market news, starting with the historic meeting between Trump and Xi, and praised Treasury Secretary Bessent for his role in positioning the market. The Fed FOMC delivered a hawkish rate cut, which sent markets higher; however, things might get more uncertain as the US government shutdown starts to affect the collection of macroe...

This week, Progressive's Gareth Evans and Jeremy McKeown discuss the fragile peace in hot wars and trade wars. There is a sense of finality about Trump's latest attempts to get Putin and Zelensky to agree on ceasefire terms. Trump is losing patience with both parties. The choice of Budapest as the location for Trump and Putin's meeting was no coincidence. Meanwhile, Trump's on-and-off talks with X...

This week, Progressive's Jeremy McKeown and Gareth Evans consider Trump's quick switch from declaring peace in the Middle East to opening a (new) trade war with China, which has almost as quickly subsided, with the Trump/Xi meeting now "back on".    Jeremy highlights the ongoing strength of gold - FOMO bubble or long-term trend driven by debasement of currencies ?  And the great rewards of being a...

Progressive's Gareth Evans and Jeremy McKeown discuss the highlights of the last week in financial markets. Gold (and other precious metals) move to all-time highs, representing a foot on the brake. What are they worried about? Well, there are emerging risks around credit conditions in private markets and increasing concerns that the AI capex cycle is turning into a fully fledged bubble, one that...

Rory MacDonald, CEO of Made Tech Group, and Neil Elton, CFO, present the group's results for the year ended May 31, 2025, followed by a Q&A session. Rory MacDonald, CEO 00:16 Introduction 01:02 FY25 Highlights Neil Elton, CFO 03:54 FY25 Financial Highlights 08:24 Bookings and Revenue 10:04 Adjusted EBITDA 11:55 Balance Sheet Rory MacDonald, CEO 13:55 Industries 17:22 Clients 19:03 Case Study:...