Penny stocks: here’s 1 I’d buy more of today

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. There are hundreds of penny stocks investors can buy right now. However, there’s one company I already own and would buy more of above all others.I think this business is hugely undervalued and has a track record of building value for its investors. Moreover, it could report tremendous growth this year, due to sector tailwinds.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Growth aheadThe stock is B.P. Marsh & Partners plc (LSE: BPM). As penny stocks go, shares in this company look expensive. They’re currently trading at around £3.20p.Still, penny stocks don’t necessarily have to be worth less than £1. Technically, any small public company with a low share price can qualify. With a market capitalisation of £118m, B.P. Marsh is a small public company.This firm operates as a private equity business. It invests in insurance and financial companies and helps them grow, providing further funding if needs be.This strategy has produced outstanding results over the past 16 years. Since 2005, the firm’s net asset value has risen from £22m to nearly £150m. That’s a compound annual growth rate of 13%. Over the same time frame, the FTSE All-Share has returned around 6.3%, including dividends.B.P. Marsh has an international presence and investments worldwide. These two traits are relatively unique among penny stocks. For example, in June 2020, the firm acquired a 30% shareholding in Sage Program Underwriters, which provides workers compensation insurance to niche industries, including ground delivery and field sport sectors, in the US.Acquired in June for around £200k, this stake was worth £1.2m by January, according to the company. The higher valuation was based on Sage’s explosive growth last year.In total, B.P. Marsh owns stakes in nearly 20 different insurance brokers and related companies. It also owns a significant stake in wealth manager LEBC Holdings.The insurance industry is currently experiencing one of the most bullish markets over recent years. Insurance prices across markets are increasing rapidly. This implies the sector is set for a bumper year in 2021.I think this tailwind could drive the valuations of B.P. Marsh’s investee businesses significantly higher throughout the year. This could lead to further growth in the company’s net asset value and its share price.Penny stocks and riskAs a small business, there are risks associated with the stock that may not apply to larger companies. The company’s founder owns around 40% of its outstanding shares, which means he has a significant level of control over the corporation.What’s more, valuing private corporations can be highly subjective. As such, there’s no guarantee the firm will be able to sell its investee businesses for the valuation it has booked on the balance sheet. This could have an impact on net asset value.Despite these risks, I think this company is one of the best penny stocks to buy now. Its net asset value is 416p, compared to a share price of 320p.That implies the stock is trading at a discount to the net asset value of 23%. I think this looks too cheap, especially considering the firm’s value creation over the past 15 years. That’s why I’d buy more of the stock for my portfolio today. Simply click below to discover how you can take advantage of this. Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Rupert Hargreaves | Saturday, 19th June, 2021 | More on: BPM The high-calibre small-cap stock flying under the City’s radarcenter_img See all posts by Rupert Hargreaves Penny stocks: here’s 1 I’d buy more of today Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Rupert Hargreaves owns shares in B.P. Marsh & Partners plc. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

Tokyo Olympics to be cancelled if it cannot be held next summer- IOC’s Thomas Bach

first_img Source: BBC International Olympic Committee President Thomas Bach says he understands why the rescheduled Tokyo 2020 Games would have to be cancelled if it cannot take place next summer.Local organisers have said they have no back-up plan after the event was postponed by a year because of the coronavirus crisis.“You cannot forever employ 3,000 to 5,000 people in an organising committee,” Bach told BBC Sport. “You cannot have the athletes being in uncertainty.”“You cannot forever employ 3,000 to 5,000 people in an organising committee,” Bach told BBC Sport. “You cannot have the athletes being in uncertainty.”Bach said he hoped the first ever postponed Games, which are due to take place from 23 July to 8 August 2021, could prove “unique” and send “a message of solidarity among the entire world, coming for the first time together again, and celebrating the triumph over coronavirus”.“There is no blueprint for it so we have to reinvent the wheel day by day. It’s very challenging and at the same time fascinating.”Japan’s Prime Minister Shinzo Abe has admitted it may be “difficult” to stage the Games if the country does not successfully contain the virus, and the head of the Japan Medical Association has suggested it depends on finding a vaccine.When asked directly if he agreed, Bach said: “For this question, we are relying on the advice of the World Health Organisation.“We have established one principle: to organise these Games in a safe environment for all the participants. Nobody knows what the world will look like in one year, in two months.“So we have to rely on [experts] and then take the appropriate decision at the appropriate time based on this advice.”The 2022 Beijing Winter Olympics are due to take place in China just six months after the Tokyo Games, and Bach said that Prime Minister Abe had made it clear to him that, as far as Japan was concerned, next summer was “the last option”.last_img read more