UK Penny Stocks To Watch In October 2024

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The London stock market has recently faced challenges, with the FTSE 100 index closing lower due to weak trade data from China, impacting companies closely tied to its economy. Despite these broader market fluctuations, penny stocks continue to offer intriguing opportunities for investors seeking growth at lower price points. Although the term "penny stock" might seem outdated, these smaller or newer companies can still present significant potential when supported by strong financial foundations.

Top 10 Penny Stocks In The United Kingdom

Name

Share Price

Market Cap

Financial Health Rating

Tristel (AIM:TSTL)

£3.875

£189.41M

★★★★★★

ME Group International (LSE:MEGP)

£2.04

£791.19M

★★★★★★

Next 15 Group (AIM:NFG)

£4.095

£402.8M

★★★★☆☆

Supreme (AIM:SUP)

£1.55

£177.83M

★★★★★★

FRP Advisory Group (AIM:FRP)

£1.325

£316.35M

★★★★★★

Stelrad Group (LSE:SRAD)

£1.50

£192.3M

★★★★★☆

Luceco (LSE:LUCE)

£1.53

£227.33M

★★★★★☆

Ultimate Products (LSE:ULTP)

£1.395

£118.72M

★★★★★★

Serabi Gold (AIM:SRB)

£0.935

£68.62M

★★★★★★

Integrated Diagnostics Holdings (LSE:IDHC)

$0.45

$269.74M

★★★★★★

Click here to see the full list of 467 stocks from our UK Penny Stocks screener.

We'll examine a selection from our screener results.

Big Technologies

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

Overview: Big Technologies PLC develops and delivers remote monitoring technologies and services for the offender and personal monitoring industry under the Buddi brand across the Americas, Europe, and Asia-Pacific, with a market cap of £380.77 million.

Operations: The company generates revenue of £54.45 million from its electronic tracking devices, products, and services segment.

Market Cap: £380.77M

Big Technologies PLC, with a market cap of £380.77 million, is experiencing challenges despite its debt-free status and strong asset coverage. Recent earnings reports show a decline in net income to £3.94 million for the half-year ended June 30, 2024, from £8.99 million the previous year, alongside reduced profit margins (23% compared to 36.4%). Although earnings are forecasted to grow at 26.9% annually, recent negative growth (-36.9%) raises concerns about future performance stability. The company has initiated a share buyback program aimed at repurchasing up to 5 million shares by mid-2025, indicating confidence in its long-term prospects amidst current volatility.

AIM:BIG Debt to Equity History and Analysis as at Oct 2024
AIM:BIG Debt to Equity History and Analysis as at Oct 2024

James Halstead

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

Overview: James Halstead plc manufactures and supplies flooring products for both commercial and domestic uses across the United Kingdom, Europe, Scandinavia, Australasia, Asia, and internationally with a market cap of £785.64 million.