When searching for value in a frothy market, it can be better to start looking in the sectors that are out of favour. Within those sectors, it can then be the small end which can reveal some of the best opportunities. Asking for a classic value stock, Livewire recently interviewed London-based Peter Hall, Chief Investment Officer, at Hunter Hall Global Value. He outlined a value stock that his fund bought at just 10% of its Net Tangible Asset backing, a compelling initial value proposition. The company has significant operational leverage given the price of its product has gained over 80% already, and is expected to increase further. The stock has gained 400% since Hunter Hall made its move, but in the interview below Peter Hall outlines why he anticipates further significant gains from here.
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