Finding bargains in small-cap land is getting harder. As large-cap fund managers look further down the market for value, many small-cap industrials have been re-rated. But there are opportunities for patient investors who buy during market pullbacks.
The five stocks below were chosen for different reasons. Online educator 3P Learning makes the grade because it looks undervalued. So does litigation funder IMF Bentham after case losses crunched its share price.
Spotless Group Holdings also looks a touch undervalued and its defensive qualities appeal in a volatile market. Veterinary group Greencross appeals after shedding a third of its price. DuluxGroup rounds out the list because its long-term strategic appeal is undervalued.