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Hybridan Monthly – 7 October 2026

Market Comment: View from the Broker's Desk: Small Caps, Big Themes: Capturing Thematic Investment Opportunities Across the Supply Chain For small-cap investors, thematic investing is increasingly moving beyond the obvious beneficiaries. The question is no longer simply whether a company operates in defence, but whether it sits at a critical point in the supply chain..

Hybridan Monthly – 8 September 2026

Market Comment: View from the Broker’s Desk: Expect a tidal Wayve of private market secondaries Ever since the London Stock Exchange first consulted on its Private Intermittent Securities and Capital Exchange System (PISCES), the initiative has attracted no shortage of scepticism. Public market participants argued that the Exchange’s efforts would be better spent reforming UK equity..

Hybridan Monthly – 1 July 2026

Market Comment: View from the Broker's Desk Last September 2025, we set out our stall regarding what needs to happen to encourage momentum back into small caps.  With the recent proposals and changes in market reform, it’s a good time to take stock and summarise what’s changed and more importantly what else needs to change..

Hybridan Monthly – 1 June 2026

Market Comment: View from the Broker's Desk The importance of creating a level playing field in the SME ecosystem A CEO embarking on their SME journey weighing up which route is right for them and their business should feature numerous discussion points centred around the “cultural” differences of running a business either privately or as..

Hybridan Monthly – 5 May 2026

Hybridan Monthly,  5 May 2026 Market Comment: View from the Broker's Desk: Making the Quantum Leap in Small Cap Investing Following on from our April 2026 monthly report where we covered Post-Quantum Cryptography (PQC) – the technological wave of resistance that is getting the world ready for when Quantum Computers are live, we continue the..

Hybridan Monthly – 1 April 2026

Market Comment: By Niall Pearson Post-Quantum Cryptography (PQC) – The next Arms Race The new realities that Quantum Computing will create are yet to be understood.  Tech giants such as IBM, Google, Microsoft and Amazon are spending vast amounts of money in developing the new era of computing, in IBM’s case – up to $30..

Hybridan Monthly – 3 March 2026

Market Comment: By Niall Pearson Market Comment: View from the Broker's Desk IPOs, PISCES and valuations 2026 started with a certain amount of pent-up optimism for IPOs off the back of a surge in sentiment towards the back end of 2025.  According to PwC’s UK IPO Watch, £1.9bn was raised from 11 IPOs across 2025, marking its strongest..

Hybridan Monthly – 3 February 2026

Market Comment: By Niall Pearson For a special February 2026 edition of Hybridan’s View from the Broker’s Desk, we are delighted to be joined by Laurence Hulse, founder of Onward Opportunities, a leading UK Small Cap Investment Trust.  Laurence started his career at Gresham House in 2015, around the time of its inception, and worked..

Hybridan Monthly – 7 January 2026

Hybridan Monthly, 7 January 2026 Market Comment: Share Wars – Revenge of the Value Investor It’s been a tough few years for the beloved “value investor.”  Never one to be lured into the small cap bubbles and eye watering share price movements we saw during the Covid biotech boom or more recently in 2025 with..

Hybridan Monthly – 1 December 2025

Hybridan Monthly, 1 December 2025 Market Comment: “If you build here, Britain will back you” Watching the Budget, the room certainly perked up and excitation levels were simmering with the killer quote “If you build here, Britain will back you”.  What could it be? VCT lifetime limit scrapped?  Using VCT monies to make acquisitions?  Allowing..

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