focusIR Fireside Chats; Are UK-Small Caps Undervalued with Richard Penny from Oberon

In this episode of focusIR Fireside Chat, host Karl West sits down with Richard Penny, Senior Fund Director at Oberon Investments and manager of the TM Oberon UK Smaller Companies Fund, to unpack one of the most compelling opportunities in equities today: UK small-cap stocks.After what Richard describes as the worst downturn in 35 years, UK small caps and AIM-listed companies have experienced a prolonged sell-off creating what he believes are deep valuation dislocations and once-in-a-cycle buying opportunities.What investors will learn:• Why UK small caps and AIM stocks are so undervalued right now • How a 4-year sell-off has created rare entry points for long-term investors • The concept of “distressed valuations”—and how to spot them • Why recoveries in small caps can deliver triple-digit returns • The GRASP framework Richard uses for stock selection: o Growth o Return on capital o Alignment of management o Size (market cap opportunity) o Price (valuation discipline)Richard Penny, Senior Fund Director at Oberon Investments and manager of the TM Oberon UK Smaller Companies Fund was interviewed by Karl West for focusIR.