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Highlights
- The UK market is currently brimming with opportunities for investors, as several stocks are currently selling at great bargains due to Brexit and COVID-19.
- UK shares are trading at cheaper prices due to significant underperformance of the market.
The UK market is currently brimming with opportunities for investors, as several stocks are currently placed at great bargains due to Brexit and COVID-19 pandemic. Here is a review of the investment prospect in 5 record cheap stocks listed on the London Stock Exchange (LSE) that have strong fundamentals and strong prospect for high growth.
Vela Technologies Plc (LON: VELA)
Vela Technologies is an AIM-listed firm engaged in investing in early-stage disruptive technology companies. The company’s portfolio comprises Aeristech Limited, Blockchain K2, Cornerstone FS PLC, Revolve, Disruptive Tech Limited, Kanabo Group Plc (LON: KNB), WeShop, and MTI Wireless, among others.
In September, Vela Technologies announced the successful completion of the Arcadia phase 2 clinical trial for AZD1656 as an effective treatment for diabetic people infected with COVID-19.
For the year ended 31 March 2021, Vela Technologies reported a profit of £379,775 compared to a £1.41 million loss in the previous year.
The shares of Vela Technologies are trading at GBX 0.06 at 9:56 AM BST on Tuesday, 9 November 2021. The market cap of the company stands at £10.16 million.
UK Oil & Gas Plc (LON: UKOG)
UK Oil and Gas is an oil and gas exploration and production firm. UK Oil and Gas holds a 95% operational interest in Arreton discovery, which lies within the 200 sq km area of the PEDL331 licence. In September, UK Oil & Gas completed the planned upgrade of the production facility at the company’s Horse Hill oil field.
UK Oil and Gas’ operating loss for the half-year period ended 31 March 2021 was £1.02 million compared to £0.90 million in 2020, while its revenue for the period rose from £0.08 million in 2020 to £0.72 million in 2021.
The shares of UK Oil & Gas are trading at GBX 0.13, down by 1.96% at 10:04 AM BST on Tuesday, 9 November 2021. The market cap of the company stands at £20.71 million.
Alba Mineral Resources Plc (LON: ALBA)
Alba Mineral Resources is engaged in the exploration of gold, ilmenite, graphite, base metals and iron ore. Last month, Alba Mineral Resources identified 6 high-confidence targets for gold mineralisation near the Clogau-St David’s gold mine.
GreenRoc Mining, in which Alba Mineral Resources holds a 54% interest, confirmed and extended the substantial zones of mineralisation at the former’s Kalaaq Deposit and due south of its wholly-owned Amitsoq Graphite Project, a high-grade graphite project.
For the six months ended 31 March 2021, Alba Mineral Resources’ recorded a loss after taxation of £567,828 compared to £303,788 in the same period of 2020.
The shares of Alba Mineral Resources are trading at GBX 0.15, down by 7.94% at 10:11 AM BST on Tuesday, 9 November 2021. The market cap of the company stands at £10.09 million.
Microsaic Systems Plc (LON: MSYS)
Microsaic Systems is a technology-based developer and marketer of advanced mass spectrometry instruments. Last month, Microsaic launched a compact Mass Spectrometry technology integrated with separation technology and autosampler for use in drug manufacturing and vaccine production.
For H1 ended 30 June 2021, Microsaic Systems recorded revenues of £499k, representing a 594% year-on-year increase compared to £72k in H1 2020 and a 52% increase compared to £328k in H1 2019. Its gross profit was £171,353 in H1 2021 compared to £38,295 in H1 2020.
The shares of Microsaic Systems are trading at GBX 0.18 at 10:21 AM BST on Tuesday, 9 November 2021. The market cap of the company stands at £10.63 million.
Premier African Minerals Ltd (LON: PREM)
Premier African Minerals is a company engaged in commodity mining and natural resource development. It is developing and acquiring mineral assets in Southern and Western Africa. Premier African Minerals completed the drilling of the first step out zones at its Zulu Lithium and Tantalum project in Zimbabwe.
Premier African Minerals recorded an operating profit of $3.943 million for H1 ended 30 June 2021, driven by the reversal of the impairment of the exploration and evaluation assets of the Zulu Lithium project.
The shares of Premier African Minerals are trading at GBX 0.19, up by 1.32% at 9:48 AM BST on Tuesday, 9 November 2021. The market cap of the company stands at £35.94 million.
