The Exchange with Christopher & Nick Mills of Harwood Capital

Jan 14, 2026

In this investing masterclass, accomplished UK small/midcap fund managers Christopher and Nick Mills of Harwood Capital take me through their views of the markets and latest thoughts on 21 stock ideas, including:

(Nb. Apologies, the intro video didn’t work this morning wrt the 1st 10 seconds of the interview)

00:00 Equity outlook & closing NAV discounts
05:45 Tribal 
10:10 Pinewood Technologies 
12:40 NCC 
14:55 Spire Healthcare 
18:00 EKF Diagnostics 
20:40 ProService Building Services  (formerly HSS)
26:05 NIOX 
30:10 Optima Health
33:40 Pebble Group 
38:35 Paypoint 
41:45 Zigup 
44:55 Avingtrans 
47:50 Trifast 
52:45 Use of EBITDA vs EBIT/PBT as a valuation metric
55:00 MJ Gleeson 
57:35 River Global B shares (re 30% ownership of Parmenion)
1:00:45 Tate & Lyle 
1:02:00 Centaur Media 
1:03:20 Fevara 
1:06:05 Big Technologies 
1:08:05 Hargreaves Services 
1:11:30 Animalcare 
1:15:25 Favourite stock ideas for 2026. Trifast  & Oryx International.

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.