U.K. Undiscovered Gems With Strong Fundamentals

AltynGold

Market Cap: UK£223.0m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Georgia Capital

Market Cap: UK£745.1m

A private equity and venture capital firm specializing in early stage, organic growth and acquisitions.

Goodwin

Market Cap: UK£784.8m

Provides mechanical and refractory engineering solutions in the United Kingdom, rest of Europe, the United States, the Pacific Basin, and internationally.

Nationwide Building Society

Market Cap: UK£1.2b

Provides retail banking products and services in the United Kingdom.

Andrews Sykes Group

Market Cap: UK£231.3m

An investment holding company, engages in the hire, sale, and installation of environmental control equipment in the United Kingdom, Rest of Europe, the Middle East, Africa, and internationally.

BioPharma Credit

Market Cap: US$1.0b

An investment trust, primarily invests in interest-bearing debt assets.

B.P. Marsh & Partners

Market Cap: UK£247.6m

Invests in early-stage and SME financial services intermediary businesses in the United Kingdom and internationally.

Distribution Finance Capital Holdings

Market Cap: UK£89.1m

An investment holding company, engages in personal savings and commercial lending banking business in the United Kingdom.

FW Thorpe

Market Cap: UK£348.8m

Designs, manufactures, and supplies professional lighting equipment in the United Kingdom, Ireland, the United Arab Emirates, Australia, the Netherlands, Germany, France, Spain, rest of Europe, and internationally.

Bioventix

Market Cap: UK£126.7m

Bioventix PLC creates, manufactures, and supplies sheep monoclonal antibodies (SMAs) for diagnostic applications worldwide.

MS INTERNATIONAL

Market Cap: UK£225.5m

Engages in the design, manufacture, construction, and servicing various engineering products and structures in the United Kingdom, Europe, the United States of America, Asia, South America, and internationally.

Law Debenture

Market Cap: UK£1.3b

An investment trust, provides independent professional services to companies, agencies, organizations, and individuals worldwide.

Anglo-Eastern Plantations

Market Cap: UK£486.2m

Owns, operates, and develops oil palm plantations in Indonesia and Malaysia.

Vectron Systems

Market Cap: €113.9m

Provides POS systems, POS software, and digital and cloud based services worldwide.

Audioboom Group

Market Cap: UK£94.2m

A podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States.

Personal Group Holdings

Market Cap: UK£115.4m

Engages in the provision of employee services and salary sacrifice technology products in the United Kingdom.

Integrated Diagnostics Holdings

Market Cap: US$325.5m

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

EJF Investments

Market Cap: UK£75.2m

A principal investment firm.

Jersey Electricity

Market Cap: UK£144.0m

Engages in the generation, transmission, distribution, and supply of electricity in Jersey.

AEW UK REIT

Market Cap: UK£165.7m

AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total return to shareholders by investing predominantly in smaller commercial properties (typically less than £15 million), on shorter occupational leases in strong commercial locations across the United Kingdom.

Journeo

Market Cap: UK£85.8m

Provides solutions to the transport community that captures, processes, and displays essential information to enhance journeys in the United Kingdom and internationally.

City of London Investment Group

Market Cap: UK£193.2m

City of London Investment Group PLC is a publically owned investment manager.

Intercede Group

Market Cap: UK£101.1m

A cybersecurity company, develops and supplies identity and credential management software for digital trust in the United Kingdom, rest of Europe, the United States, and internationally.

Ramsdens Holdings

Market Cap: UK£118.1m

Engages in the provision of diversified financial services in the United Kingdom and internationally.

TruFin

Market Cap: UK£111.3m

Provides niche lending, early payment services, and video game publishing in the United Kingdom.

Mha

Market Cap: UK£397.3m

Offers financial and business strategy services to enterprises and individuals.

Spectra Systems

Market Cap: UK£95.6m

Spectra Systems Corporation invents, develops, and sells integrated optical systems in the United States and internationally.

Quartix Technologies

Market Cap: UK£136.6m

Engages in the design, development, marketing, and delivery of vehicle telematics services in the United Kingdom, France, the United States, and other European Territories.

Hargreaves Services

Market Cap: UK£241.3m

Provides environmental and industrial services in the United Kingdom, Europe, Hong Kong, and internationally.

Tribal Group

Market Cap: UK£141.9m

Through its subsidiaries, provides software and services to education institutions worldwide.

Fonix

Market Cap: UK£215.5m

Provides mobile payments and messaging, and managed services for media, charity, gaming, e-mobility, and other digital service businesses in the United Kingdom.

Renold

Market Cap: UK£161.6m

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

Eagle Eye Solutions Group

Market Cap: UK£81.3m

Provides marketing technology software as a service solution in the United Kingdom, France, the United States, Canada, Australia, rest of Europe, and the Asia Pacific.

Greencore Group

Market Cap: UK£1.1b

Manufactures and sells convenience food products in the United Kingdom and Ireland.

Irish Continental Group

Market Cap: UK£802.6m

Operates as a maritime transport company in Ireland, the United Kingdom, and Continental Europe.

Mincon Group

Market Cap: UK£89.2m

Engages in designing, manufacturing, selling, and servicing of rock drilling tools and associated products in Ireland, the Americas, Europe, Australasia, the Middle East, and Africa.