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£92.9m

Engages in the exploration and development of gold doré properties that contain gold and silver mineral deposits in the Republic of Kazakhstan.

Livermore Investments Group

Market Cap: UK£120.7m

A publicly owned investment manager.

Goodwin

Market Cap: UK£479.1m

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

VH Global Energy Infrastructure

Market Cap: UK£223.2m

A closed-ended investment company, focuses on investing in sustainable energy infrastructure assets in EU, OECD, OECD key partner, or OECD Accession countries.

BioPharma Credit

Market Cap: US$1.0b

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

Andrews Sykes Group

Market Cap: UK£208.9m

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.

B.P. Marsh & Partners

Market Cap: UK£257.5m

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

FW Thorpe

Market Cap: UK£342.6m

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£87.2m

A self-managed investment trust.

Law Debenture

Market Cap: UK£1.2b

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

MS INTERNATIONAL

Market Cap: UK£159.2m

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.

Personal Group Holdings

Market Cap: UK£77.6m

Provides benefits and platform products, pay and reward consultancy services, and salary sacrifice technology products in the United Kingdom.

Good Energy Group

Market Cap: UK£89.8m

Through its subsidiaries, engages in the purchase, generation, and sale of electricity from renewable sources in the United Kingdom.

Integrated Diagnostics Holdings

Market Cap: US$231.4m

A consumer healthcare company, provides various medical diagnostics services to patients.

Helios Underwriting

Market Cap: UK£147.7m

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

Kodal Minerals

Market Cap: UK£79.4m

Engages in the exploration and evaluation of mineral resources in the United Kingdom and West Africa.

Jersey Electricity

Market Cap: UK£131.8m

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

Metals Exploration

Market Cap: UK£174.6m

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

Griffin Mining

Market Cap: UK£331.7m

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

Somero Enterprises

Market Cap: UK£141.3m

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

Bioventix

Market Cap: UK£126.6m

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

Intercede Group

Market Cap: UK£84.2m

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£82.7m

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

Quartix Technologies

Market Cap: UK£95.3m

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

Hargreaves Services

Market Cap: UK£204.4m

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

Eurocell

Market Cap: UK£152.1m

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.

Spectra Systems

Market Cap: UK£97.4m

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

Eleco

Market Cap: UK£98.9m

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

Eagle Eye Solutions Group

Market Cap: UK£111.7m

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.

Fonix

Market Cap: UK£187.3m

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

Corero Network Security

Market Cap: UK£83.7m

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

Beeks Financial Cloud Group

Market Cap: UK£142.4m

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.

Celebrus Technologies

Market Cap: UK£78.1m

Provides information technology products and services.

Aptitude Software Group

Market Cap: UK£161.0m

Provides financial management software in the United Kingdom and internationally.

Filtronic

Market Cap: UK£218.5m

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