U.K. Undiscovered Gems With Strong Fundamentals

London Security

Market Cap: UK£465.9m

An investment holding company, manufactures, sells, and rents fire protection equipment in the United Kingdom, Belgium, the Netherlands, Austria, France, Germany, Denmark, and Luxembourg.

AltynGold

Market Cap: UK£103.0m

Engages in the exploration and development of gold ore properties in the Republic of Kazakhstan.

Livermore Investments Group

Market Cap: UK£98.4m

A publicly owned investment manager.

Goodwin

Market Cap: UK£504.6m

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

BioPharma Credit

Market Cap: US$964.4m

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

B.P. Marsh & Partners

Market Cap: UK£264.9m

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

Andrews Sykes Group

Market Cap: UK£211.4m

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.

FW Thorpe

Market Cap: UK£336.8m

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.

Rights and Issues Investment Trust

Market Cap: UK£87.8m

A self-managed investment trust.

MS INTERNATIONAL

Market Cap: UK£161.6m

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

Law Debenture

Market Cap: UK£1.2b

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

Integrated Diagnostics Holdings

Market Cap: US$201.1m

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

Personal Group Holdings

Market Cap: UK£78.9m

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

Jersey Electricity

Market Cap: UK£130.2m

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

Metals Exploration

Market Cap: UK£202.6m

Metals Exploration plc identifies, acquires, explores for, and develops mining and processing properties in the Philippines.

Somero Enterprises

Market Cap: UK£118.3m

Designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment in the United States and internationally.

Griffin Mining

Market Cap: UK£350.1m

A mining and investment company, engages in the mining, exploration, and development of mineral properties.

Bioventix

Market Cap: UK£133.2m

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

Intercede Group

Market Cap: UK£92.4m

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.

TruFin

Market Cap: UK£79.5m

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

Eurocell

Market Cap: UK£155.5m

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.

Hargreaves Services

Market Cap: UK£201.3m

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

Quartix Technologies

Market Cap: UK£106.1m

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

Spectra Systems

Market Cap: UK£97.0m

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

Fonix

Market Cap: UK£224.9m

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

Eagle Eye Solutions Group

Market Cap: UK£118.9m

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.

Eleco

Market Cap: UK£99.9m

Provides software and related services in the United Kingdom, Scandinavia, Germany, the rest of Europe, the United States, and internationally.

Helios Underwriting

Market Cap: UK£163.0m

Provides a limited liability investment for its shareholders in the Lloyd’s insurance market in the United Kingdom.

Serabi Gold

Market Cap: UK£112.8m

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

Seplat Energy

Market Cap: UK£1.2b

An independent energy company, engages in the oil and gas exploration and production, and gas processing activities in Nigeria, Bahamas, Italy, Switzerland, England, and Singapore.

Corero Network Security

Market Cap: UK£90.7m

Provides distributed denial of service (DDoS) protection solutions worldwide.

Beeks Financial Cloud Group

Market Cap: UK£136.0m

Provides managed cloud computing, connectivity, and analytics services for capital markets and financial services sectors in the United Kingdom, Europe, the United States, and internationally.

Cake Box Holdings

Market Cap: UK£81.4m

Engages in the retail of fresh cream celebration cakes in the United Kingdom.

James Halstead

Market Cap: UK£637.7m

Manufactures and supplies flooring products for commercial and domestic uses in the United Kingdom, rest of Europe, Scandinavia, Australasia, Asia, and internationally.

Filtronic

Market Cap: UK£208.1m

Designs, develops, manufactures, and sells radio frequency (RF) technology in the United Kingdom, Europe, the Americas, and internationally.

Aptitude Software Group

Market Cap: UK£155.4m

Provides financial management software in the United Kingdom and internationally.