
Small-Cap Spotlight Report: Goodwin
30-bagger Goodwin has pivoted towards higher-margin contracts to widen its competitive ‘moat’. Maynard Paton weighs up the engineer’s haphazard financials with the delightfully old-school management.
Maynard became a full-time investor at the start of 2015 and then published a blog documenting his portfolio at maynardpaton.com until the end of 2025. Before that he wrote investment articles for The Motley Fool UK between 1999 and 2014. Maynard has written articles for ShareScope since 2018.
I’ve developed my investing approach after years of learning about the stock market and experiencing what actually works for me. Important influences on my style include the strategies of Warren Buffett, Peter Lynch and Jim Slater. I look to invest in respectable smaller companies run by capable managers that trade at modest valuations and to hold them for the long term.

30-bagger Goodwin has pivoted towards higher-margin contracts to widen its competitive ‘moat’. Maynard Paton weighs up the engineer’s haphazard financials with the delightfully old-school management.

Specialist SIPP firm Curtis Banks has seen its dividend go up but shares go nowhere during the last five years. Maynard Paton now wonders whether

Acquiring private companies that make precision instruments has propelled SDI shares to 12-bagger status over the last five years. Maynard Paton recaps the story and
Deep pockets, low pricing and fancy IT can’t always guarantee ‘disruptive’ success. Maynard Paton studies the mixed progress of estate-agent challenger Purplebricks Investors love disruptors.

Events at Hornby prove how turnarounds can take years. But fresh capital, better management and a return to profit could mean the model-train specialist is

ASOS share news Fashion website ASOS is among the market’s greatest growth stocks, but a recent update knocked 18% off the share price. The P/E

Warren Buffett admitted the other year that he had not bought shares at an IPO since 1955. “They’re picking the time to sell to you;

Impressive profit growth, a ‘scalable’ business, hefty insider ownership and a P/E re-rating have helped Impax Asset Management become a huge share winner. Maynard Paton looks closer at the ‘green’ fund manager.

WANdisco has raised $217 million since 2012 yet has never made a profit. But could deals with Microsoft and Amazon finally trigger a sales boost? The board’s optimism is not backed by its share dealing.

I like companies that boast significant net cash. I therefore apply certain filter criteria to identify some reasonable cash-flush businesses.

Let me start by confessing this article covers pension deficits. What follows may not be that thrilling and does require you to concentrate. But please stick with me, especially if you have ever fallen victim to a ‘value trap’.

One of my favourite SharePad screens identifies good-quality companies that have grown without acquisition. One such is Best of the Best.