Discovering Promising Penny Stocks On The UK Exchange In October 2024

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In the last week, the UK market has been flat, but it is up 11% over the past year with earnings forecast to grow by 14% annually. For those looking to invest in smaller or newer companies, penny stocks—despite their vintage name—can still offer surprising value. This article highlights several penny stocks that demonstrate financial strength and could potentially offer long-term growth opportunities.

Top 10 Penny Stocks In The United Kingdom

Name

Share Price

Market Cap

Financial Health Rating

Tristel (AIM:TSTL)

£3.95

£184.64M

★★★★★★

ME Group International (LSE:MEGP)

£2.115

£768.58M

★★★★★★

Next 15 Group (AIM:NFG)

£4.355

£407.27M

★★★★☆☆

Supreme (AIM:SUP)

£1.555

£180.75M

★★★★★★

FRP Advisory Group (AIM:FRP)

£1.325

£324.93M

★★★★★★

Stelrad Group (LSE:SRAD)

£1.50

£191.03M

★★★★★☆

Luceco (LSE:LUCE)

£1.596

£235.97M

★★★★★☆

Ultimate Products (LSE:ULTP)

£1.41

£119.17M

★★★★★★

Serabi Gold (AIM:SRB)

£0.86

£70.81M

★★★★★★

Integrated Diagnostics Holdings (LSE:IDHC)

$0.457

$261.6M

★★★★★★

Click here to see the full list of 466 stocks from our UK Penny Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Bakkavor Group

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

Overview: Bakkavor Group plc, along with its subsidiaries, specializes in the preparation and marketing of fresh prepared foods across the United Kingdom, the United States, and China, with a market capitalization of £951.39 million.

Operations: No specific revenue segments are reported for the company.

Market Cap: £951.39M

Bakkavor Group has demonstrated strong earnings growth, with a 428.7% increase over the past year, significantly outpacing the food industry's average. Despite this impressive growth, Bakkavor faces challenges with its short-term and long-term liabilities exceeding its assets. The company maintains high-quality earnings and has improved its net profit margins to 2.9%. Recent developments include a stable management transition with Lee Miley succeeding Ben Waldron as CFO in November 2024. Additionally, Bakkavor's inclusion in the S&P Global BMI Index reflects growing recognition of its market presence while it continues to trade below estimated fair value by 16.5%.

LSE:BAKK Revenue & Expenses Breakdown as at Oct 2024
LSE:BAKK Revenue & Expenses Breakdown as at Oct 2024

Funding Circle Holdings

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

Overview: Funding Circle Holdings plc operates online lending platforms in the UK, US, and internationally with a market cap of £468.04 million.