U.K. Undervalued Small Caps

Serabi Gold

Market Cap: UK£112.8m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Rank Group

Market Cap: UK£429.1m

Engages in provision of gaming services in Great Britain, Spain, and India.

LSL Property Services

Market Cap: UK£287.9m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

MONY Group

Market Cap: UK£1.1b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

Ashtead Technology Holdings

Market Cap: UK£349.1m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Gamma Communications

Market Cap: UK£1.3b

Provides technology-based communications and software services for small, medium, and large sized to businesses in the United Kingdom and Europe.

Morgan Advanced Materials

Market Cap: UK£560.0m

Manufactures and sells various carbon and ceramic products.

Senior

Market Cap: UK£621.8m

Designs, manufactures, and sells high-technology components and systems for the original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in North America, the United Kingdom, South Africa, India, China, and internationally.

Eurocell

Market Cap: UK£162.0m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Conduit Holdings

Market Cap: UK£553.3m

Through its subsidiary, provides reinsurance products and services worldwide.

Integrated Diagnostics Holdings

Market Cap: US$198.8m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.

Renold

Market Cap: UK£98.7m

Engages in the manufacture and sale of high precision engineered products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally.

Warpaint London

Market Cap: UK£333.2m

Produces and sells cosmetics.

hVIVO

Market Cap: UK£119.1m

Operates as a pharmaceutical service and contract research company in the United Kingdom.

Dr. Martens

Market Cap: UK£534.2m

Designs, develops, procures, markets, sells, and distributes footwear under the Dr.

Trainline

Market Cap: UK£1.0b

Engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets the United Kingdom and internationally.

CAB Payments Holdings

Market Cap: UK£134.4m

Through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally.

Inspired

Market Cap: UK£111.0m

Provides energy consultancy services to corporate business energy users in the United Kingdom and Ireland.

Gaming Realms

Market Cap: UK£131.0m

Develops, publishes, and licenses mobile gaming content in the United Kingdom, the United States, Isle of Man, Malta, Gibraltar, and internationally.

Johnson Service Group

Market Cap: UK£566.4m

Provides textile rental and related services in the United Kingdom and Ireland.

Knights Group Holdings

Market Cap: UK£136.2m

Provides legal and professional services in the United Kingdom.

Midwich Group

Market Cap: UK£209.6m

Distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, Europe, the Middle East, Africa, the Asia Pacific, and North America.

Hostelworld Group

Market Cap: UK£137.9m

Operates as an online travel agent focused on the hostel market worldwide.

Bytes Technology Group

Market Cap: UK£1.3b

Offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally.

Savills

Market Cap: UK£1.3b

Engages in the provision of real estate services in the United Kingdom, Continental Europe, the Asia Pacific, Africa, North America, and the Middle East.

M&C Saatchi

Market Cap: UK£192.1m

Provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, the Asia Pacific, and the Americas.

Braemar

Market Cap: UK£77.6m

Provides shipbroking services in the United Kingdom and internationally.

Wilmington

Market Cap: UK£312.9m

Provides data, information, training, and education solutions to professional markets in the United Kingdom, the United States, rest of Europe, and internationally.

Foresight Group Holdings

Market Cap: UK£439.0m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

Applied Nutrition

Market Cap: UK£292.5m

Engages in the manufacture, wholesale, and retail of sports nutritional products in the United Kingdom and internationally.

Ninety One Group

Market Cap: UK£1.4b

Operates as an independent global asset manager worldwide.

Chemring Group

Market Cap: UK£1.1b

Provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally.

Yellow Cake

Market Cap: UK£1.0b

Operates in the uranium sector.

Michelmersh Brick Holdings

Market Cap: UK£98.0m

Together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe.