U.K. Undervalued over 20% based on DCF

Orchard Funding Group

Market Cap: UK£12.9m

Through its subsidiaries, offers insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom.

Catalyst Media Group

Market Cap: UK£11.6m

Engages in the provision of business administrative services worldwide.

Capital For Colleagues

Market Cap: UK£10.6m

A private equity firm specializing in direct and fund of fund investing.

Ingenta

Market Cap: UK£9.4m

Provides content management, advertising, and commercial enterprise solutions and services in the United Kingdom, the United States, the Netherlands, France, and internationally.

London & Associated Properties

Market Cap: UK£7.7m

London & Associated Properties PLC (“LAP” or the "Group") is a main market listed group which invests in and manages UK industrial and retail property.

Deltic Energy

Market Cap: UK£6.7m

A natural resources investing company, engages in the exploration, evaluation, and development of gas and oil licenses in the Southern and Central North Sea.

DCD Media

Market Cap: UK£2.5m

DCD Media Plc, together with its subsidiaries, operates as an independent television production and distribution company in the United Kingdom, rest of Europe, North and South America, and internationally.

Ukrproduct Group

Market Cap: UK£2.1m

Engages in the production and distribution of dairy foods and beverages in Ukraine and internationally.

Tasty

Market Cap: UK£1.2m

Engages in operating restaurants in the United Kingdom.

Orient Telecoms

Market Cap: UK£350.0k

Provides managed telecommunications services in Malaysia and Southeast Asia.