The Vox Markets Podcast · Vox Markets Podcast

The Exchange with John Chinery (alias the Oak Bloke)

·1 hr 36 min·5 clips

Wise processes 0.01% of two quadrillion international payments, and John says competitors cannot touch its pricing.

1. The Vox Markets Podcast episode centers on John Chinnery, also called The Oak Bloke, discussing equities and specific stock ideas. 2. Paul Hill hosts the conversation and asks John about macro risk, while John speaks as an investor and Substack writer with 4,000 subscribers. 3. The episode asks how investors should think about markets over the next 12 to 18 months and which names still look cheap. 4. John says the Middle East escalation should de-escalate in a few weeks and argues against panic selling. 5. He points to oil, precious metals, continuing buybacks, and a likely weaker GBP versus the dollar. 6. Paul Hill agrees with the “buy on the sound of cannons” framing and says indiscriminately sold stocks may become opportunities. 7. John traces his investing back 20 years, starting with global funds and handwritten share notes from his grandfather’s Telegraph reading. 8. He says his early investing had losses, which taught him lessons the hard way. 9. He also says his Substack has raised 12,000 for Emmaus and this year supports Aspire and Trees for Life. 10. On Wise, John says two quadrillion international payments flow through SWIFT every year. 11. He says Wise has 0.01 percent of that market and can win more share because rivals cannot match its pricing. 12. John says Wise is trading at about 8.8 billion and models a 22 billion valuation if take rate falls to 0.35 percent with 10 percent market share. 13. He adds that Wise is being used by Morgan Stanley and Standard Chartered, which he sees as validation. 14. On MPAC, John highlights a 25 percent increase in original equipment orders in the second half and operating profit rising from 7.5 million to 11 million. 15. He says the CSI acquisition gave MPAC an end-to-end packaging solution and that the after-service business has high-60s margins. 16. He links MPAC to deglobalization, smart manufacturing, robotics, and the “one big beautiful bill.” 17. On Echo Building Systems, John explains GFRG panels, 36 square meter production, and construction that is about five times faster than brick. 18. He says Echo has CE accreditation, 40 percent margins, projects in Albania, Sudan, Senegal, Indonesia, and Chile, and a claimed 420 million pound contract. 19. The episode’s style is a fast-moving interview with market commentary, specific valuations, and repeated back-and-forth on assumptions and risks. 20. Listeners who follow UK small caps, automation, and biotech will get the most from it, while viewers wanting a general market overview without stock names may skip it.

As heard by us

A plainspoken market chat that turns headline noise into specific portfolio judgment.

John Chinnery's turn on Vox Markets starts with geopolitics, then moves into equities, AI risk, and the kind of stock-by-stock judgment the show handles well. It moves quickly, but it does not feel rushed.

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Why you'd press play

Follow a live-market chat that starts with Middle East risk and lands on a very specific arbitrage.

Read the full recommendation in PlayNext →

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