Evidence from the work

Client notes

What investors and advisers say about working through small-cap momentum maps with our desk.

These notes come from recent engagements. Names are used with permission; firm affiliations are generalised where requested.

“The relative-strength table made the conversation shorter in a good way. We stopped debating anecdotes and started ranking what still had volume behind it.”

— Priya S., buy-side analyst, London

“They caught the rotation into UK industrials two weeks before our committee met. The briefing named three names we already held and one we had missed — the missed one mattered.”

— Helen M., discretionary portfolio manager, Leeds

“The session ran long because we kept asking follow-ups, and they still delivered the written note the same evening. I would have preferred a tighter shortlist, but the ranking logic was transparent.”

— James R., private investor, Edinburgh

“Ahead of results season they flagged a support-services name we had underweighted. The mid-season update then explained why the post-print fade looked orderly rather than broken. That distinction saved us from an unnecessary exit.”

— Owen K., family office, Cheshire

Engagement story: AIM industrials shortlist

A Leeds-based discretionary desk asked for a Momentum Mapping Review limited to AIM industrials with average daily value above £400k. Liquidity filters cut the starting list sharply. Relative strength against both the sector peer set and the FTSE Small Cap benchmark left eight names; volume confirmation dropped two more.

The walkthrough spent most of its time on a single mid-ranked name where the catalyst calendar showed a refinancing window overlapping a soft relative-strength slope. The client kept the position but sized it down before the event. Two weeks later the print was clean, yet the stock chopped sideways — the sizing decision mattered more than a binary call.

Engagement story: earnings watch for a private book

A private investor in Edinburgh commissioned an Earnings Season Watch across a mixed AIM and Main Market small-cap book. The pre-season note highlighted three prints where momentum was already extended. After two of those prints, strength held; the third faded on light volume. The mid-season update documented that fade without drama, and the client used it as a checklist item rather than a surprise.