Summary

In this episode of the Intelligent Wealth podcast, the hosts discuss Rolls-Royce, focusing on its transformation from a struggling company to a promising player in the aerospace and defense sectors. They explore the company's financial performance, the potential of small modular reactors, and the risks associated with its future. The conversation emphasises the importance of management execution and the company's position in a competitive market.


Takeaways

This podcast is for serious investors interested in company insights.
Rolls-Royce is not just about luxury cars; it's an engineering company.
The company has a history of bankruptcy and nationalisation but is now thriving.
Management changes have led to noticeable improvements in performance.
Rolls-Royce's share price has seen a significant turnaround post-COVID.
Small modular reactors represent a future growth area for the company.
The defense sector is becoming increasingly important for Rolls-Royce.
Execution by management is crucial for future success.
The company operates in an oligopoly in the aerospace sector.
Investors are optimistic due to a growing backlog of defense contracts.

Chapters:

00:00 Introduction to Rolls-Royce
03:14 Company Overview and Historical Context
05:36 Financial Performance and Market Position
10:36 Small Modular Reactors and Future Prospects
20:23 Risks and Challenges Ahead
34:02 Final Thoughts and Investment Considerations

Keywords

Rolls-Royce, investment, aerospace, defense, small modular reactors, financial performance, risks, management, market trends, energy solutions

📌 Links & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 Rolls Royce - https://www.rolls-royce.com/

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-thunder
License code: C4BIIEC6POGUQVDJ

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ

Summary

In this episode of the Intelligent Wealth Podcast, hosts Tony Byrne, Awet Ghirmay, and Carl Roberts delve into Alphabet Inc., the parent company of Google. They discuss Alphabet's impressive growth trajectory, its diverse business ventures, and the unique share structure that allows for both employee incentives and control by founders. The conversation highlights Alphabet's competitive advantages, including its strong market position and innovative culture, while also addressing the risks the company faces, particularly regarding regulation and the need to monetize its investments in AI. The hosts conclude with an optimistic outlook for Alphabet's future, emphasizing its potential to thrive in the evolving tech landscape.

Takeaways:

Alphabet is a leading company with a market cap around $4 trillion.
The company has a unique share structure with Class A and Class C shares.
Alphabet's growth has been impressive, with a 92% increase in share price over the last year.
The company is heavily reliant on Google search for revenue, but is diversifying into AI and cloud services.
Alphabet's culture fosters innovation and risk-taking, which is crucial for its success.
Regulatory risks are significant for Alphabet due to its size and market dominance.
The company is investing heavily in AI and cloud infrastructure, which may not show immediate profitability.
Alphabet's founders remain involved, contributing to its innovative culture.
The potential for drug discovery and healthcare applications is a significant growth area for Alphabet.
Despite current valuation concerns, Alphabet's long-term growth prospects remain strong.

Chapters:

00:00 Introduction to the Intelligent Wealth Podcast
01:49 Background on Alphabet and Google
03:46 Understanding Alphabet's Share Structure
05:23 Alphabet's Market Performance and Growth
08:58 Alphabet's Diverse Business Ventures
09:04 Awet's Perspective on Alphabet's AI Integration
13:01 The Moats of Alphabet
16:20 The Unique Culture at Google
21:10 Risks Facing Alphabet
28:03 Final Thoughts on Alphabet's Future

If you’re an experienced, long-term investor looking for quality businesses with durable advantages, this deep dive into Nova could be a useful part of your research.

📌 Links & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 Alphabet inc - https://abc.xyz/investor/


Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-thunder
License code: C4BIIEC6POGUQVDJ

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ

Adobe stock analysis (ADBE) – is this creative software giant now a quality bargain after a ~30% share price decline, or a value trap in the age of AI, Canva and Figma?

In this episode of the Intelligent Wealth Podcast, fund manager Tony Byrne is joined by Carl Roberts (Fellow Director) and Awet Ghirmay (Head of Research at Minerva Money Management) for a deep dive into Adobe’s business, valuation and long-term return potential.

We cover:
00:00 Introduction to Adobe and Its Significance
05:58 Adobe's Historical Performance and Market Position
11:06 Current Challenges and Competitive Landscape
18:02 Future Growth Potential and AI Integration
22:03 Ethical Considerations and User Experience
28:12 Final Thoughts and Predictions for Adobe's Future

📄 Want our 1-page company snapshots? Grab them here: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots

📌 Links & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 Adobe - https://www.adobe.com/uk/

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ

PayPal is hugely profitable, buying back billions of dollars of stock, and trading at one of the lowest valuations in its history. In this episode, we ask whether PYPL is a smart contrarian bet for serious investors – or a value trap in a brutally competitive payments market.

We dig into:
00:00 Introduction to PayPal and Its Current Landscape
05:15 Historical Performance and Market Position
10:23 Management Changes and Strategic Shifts
14:37 Financial Health and Shareholder Returns
18:49 Competitive Landscape and User Experience
23:02 Future Growth Opportunities and Challenges
25:39 Contrarian Perspectives on Investment Potential
29:03 Conclusion and Final Thoughts

If you’re an experienced, long-term investor looking for quality businesses with durable advantages, this deep dive into Nova could be a useful part of your research.

📄 Want our 1-page company snapshots? Grab them here: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots

📌 Links & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 PayPal - https://www.paypal.com/uk/home

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ

Nova Ltd (NASDAQ: NVMI) has delivered a 1,733% total return since listing – but is there still upside from here, or are investors late to the party?

In this episode of the Intelligent Wealth Podcast, Tony Byrne sits down with colleagues Carl Roberts and Awet Ghirmay from Minerva Money Management to break down Nova Ltd, the semiconductor metrology specialist sitting at the heart of the AI and chip boom.

We discuss:
00:00 Introduction to Intelligent Wealth Podcast
02:50 Overview of Nova: Company Background
04:24 Performance and Competitive Advantage
09:11 Nova's Role in the Semiconductor Ecosystem
13:30 Investment Timing and Market Dynamics
16:20 Competition and Innovation Risks
19:18 Debt and Capital Allocation Strategies
21:26 Geopolitical and Market Risks
24:15 Valuation Concerns and Market Fluctuations
26:18 Future Growth and Energy Considerations
27:38 Picks and Shovels: Nova's Business Model
29:08 Conclusion and Future Outlook

If you’re an experienced, long-term investor looking for quality businesses with durable advantages, this deep dive into Nova could be a useful part of your research.

📄 Want our 1-page company snapshots? Grab them here: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots

📌 Links & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 Nova - https://www.novami.com/

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ

ASML (AMS/NASDAQ: ASML) powers the world’s most advanced chips. In this episode of the Intelligent Wealth Podcast, Tony Byrne (Fund Manager), Carl Roberts (Fellow Director) and Awet Ghirmay (Head of Research) break down ASML’s EUV monopoly, why TSMC/Intel/Samsung depend on it, the 70/30 revenue mix (systems vs services), backlog, buybacks, valuation, and the big risks (customer concentration, supply chain, geopolitics, and “what’s next” tech shifts).

Why it matters for serious investors: ASML sits at the “picks & shovels” layer of the AI and semiconductor supercycle. From EUV dominance and 14k+ patents to a growing services flywheel, we discuss whether today’s premium is justified and how to think about long-term returns.

Keypoints:
00:00 Introduction to ASML and the Podcast
02:01 Understanding ASML's Business Model
05:01 ASML's Dominance in Semiconductor Manufacturing
08:00 The Importance of Processing Power
10:47 ASML's Market Control and Historical Context
15:13 The Size and Technology of ASML's Machines
16:38 Identifying Risks in ASML's Business
20:20 Valuation and Future Growth Potential
22:43 Geopolitical Risks and Future Wars
26:42 Concluding Thoughts on ASML's Future

🎁 Free 1-Page Company Snapshot: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots

Resources & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 ASML - https://www.asml.com/en
Apple Podcast: https://podcasts.apple.com/mk/podcast/intelligent-wealth-podcast/id1750755768

📌 Next Episode → A deep dive into Nova Measuring Instruments, a provider of metrology devices for advanced process control used in semiconductor manufacturing. Turn on to receive the notifications!

Thank you all for listening, and let us know what you think in the comments!

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ

In this episode of the Intelligent Wealth Podcast, we deep-dive into Games Workshop, the £4.7B FTSE 100 company behind Warhammer – one of the strongest consumer franchises in the world.

👉 What you’ll learn in this episode:
00:00 Introduction
02:05 Overview of Games Workshop
05:23 Performance and Growth of Games Workshop
09:21 Business Model and Customer Engagement
13:23 Market Position and Competitive Advantages
17:35 Challenges and Future Growth
21:49 Management and Capital Allocation
28:47 Conclusion

If you’d like to get free company snapshots, click here to download: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots

Resources & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 Games Workshops - https://www.warhammer.com/en-GB/home?srsltid=AfmBOooMibfMV5D9peZInxTMjL5LmX8ccX8rToIi-0q5KaKrsveg8L9R
Apple Podcast: https://podcasts.apple.com/mk/podcast/intelligent-wealth-podcast/id1750755768

📌 Next Episode → A deep dive into ASML, one of the most important companies in the world of semiconductors. Don’t miss it!

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ

In this episode of the Intelligent Wealth Podcast, we dive deep into the fascinating story of Smarter Web Company – a UK-listed business aiming to become the British MicroStrategy by turning its balance sheet into a Bitcoin treasury.

👉 We discuss:
00:00 Introduction to Intelligent Wealth Podcast
01:56 Overview of the Smarter Web Company
05:39 Performance Analysis of Smarter Web Company
12:41 Skepticism Towards Bitcoin Treasury Companies
21:28 Ponzi Scheme Discussion
27:32 Bitcoin vs Gold: A Comparative Analysis
31:45 Future of Bitcoin Treasury Companies
37:48 Risks and Challenges Ahead
39:39 Closing Thoughts and Market Outlook

If you’d like to get free company snapshots, click here to download: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots

Resources & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 The Smarter Web Company - https://www.smarterwebcompany.co.uk/

👉 Next Episode Preview: Game Workshops- a British manufacturer of miniature wargames.

Thank you all for listening!

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------

Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ