Here are 4 candidates from the lower echelons of the small-capitalisation world – and the micro-cap world – that look to be offering decent value at present.
National Tyre & Wheel (NTD, 91 cents)
Market capitalisation: $93 million
Estimated FY19 yield: 6.6%, fully franked
Analysts’ consensus target price: $1.44
Buying a stock that is on the way down is always a wrestle between two conflicting thoughts – is this now good value, or am I catching a falling knife? When the whole market has had a jolt such as October, there is at least comfort in the fact that most prices are lower than they were: at such times, investors have plenty of potential value opportunities to sift through.