November 2, 2024
Top UK Penny Stocks To Watch In October 2024 #UKFinance

Top UK Penny Stocks To Watch In October 2024 #UKFinance

CashNews.co

Over the last 7 days, the UK market has remained flat, but over the past 12 months, it has risen by 12%, with earnings forecast to grow by 14% annually. For investors willing to explore beyond well-known companies, penny stocks—often smaller or newer firms—can present unexpected opportunities. Despite their vintage name, these stocks can offer a blend of value and growth potential when backed by strong financials.

Name

Share Price

Market Cap

Financial Health Rating

Tristel (AIM:TSTL)

£3.85

£176.31M

★★★★★★

FRP Advisory Group (AIM:FRP)

£1.255

£304.09M

★★★★★★

ME Group International (LSE:MEGP)

£2.11

£800.61M

★★★★★★

Polar Capital Holdings (AIM:POLR)

£4.95

£474.22M

★★★★★★

Next 15 Group (AIM:NFG)

£4.08

£405.78M

★★★★☆☆

Supreme (AIM:SUP)

£1.46

£167.92M

★★★★★★

Luceco (LSE:LUCE)

£1.452

£219.31M

★★★★★☆

Stelrad Group (LSE:SRAD)

£1.53

£187.85M

★★★★★☆

Serabi Gold (AIM:SRB)

£0.90

£67.78M

★★★★★★

Impax Asset Management Group (AIM:IPX)

£3.66

£468.35M

★★★★★★

Click here to see the full list of 472 stocks from our UK Penny Stocks screener.

Let’s explore several standout options from the results in the screener.

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Midwich Group plc, along with its subsidiaries, distributes audio visual solutions to trade customers across multiple regions including the UK, Ireland, Europe, the Middle East, Africa, Asia Pacific and North America; it has a market cap of £271.62 million.

Operations: The company generates £1.32 billion in revenue from its wholesale distribution of computer peripherals.

Market Cap: £271.62M

Midwich Group plc, with a market cap of £271.62 million and significant revenue generation of £1.32 billion, presents both opportunities and challenges as a penny stock. The company’s debt is well-covered by operating cash flow, although it maintains a high net debt to equity ratio of 69.1%. Despite this leverage, Midwich’s short-term assets comfortably cover both short and long-term liabilities. Recent earnings reports indicate stable revenue growth but declining net income year-over-year. Management has revised financial guidance amidst challenging market conditions, aiming for marginal revenue growth while implementing cost reductions to enhance profit margins in the future.

AIM:MIDW Revenue & Expenses Breakdown as at Oct 2024
AIM:MIDW Revenue & Expenses Breakdown as at Oct 2024

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Netcall plc is involved in the design, development, sale, and support of software products and services both in the United Kingdom and internationally with a market cap of £144.29 million.

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