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Ken Wotton speaks to Investment Week about finding value in the UK stock market

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In Investment Week’s recent Bull and Bear column, Ken Wotton, Fund Manager at Livingbridge Equity Funds, asks whether micro-caps offer a good opportunity in the UK stockmarket?

In the article Ken suggests that micro-cap stocks, with a market capitalisation of less than £250m, are a good hunting ground for hidden value in this late stage of the equity markets' extended bull run.

He points to research which shows that over the past five years, the micro-cap constituents of the broad smaller companies NSCI + AIM index have, on average, traded at a discount of between 10% and 25% to the benchmark as a whole.

Ken suggests that if it is possible to identify businesses with the ability to navigate volatile waters, then the prospects for sustainable and profitable growth from micro caps could represent an exciting opportunity for investors.

Click here to read the full article on investment week. 

 

 

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