Are micro-caps offering the best opportunities in UK stockmarket?

Where will investors find the greatest value on the UK stockmarket today?

Micro-cap stocks, with a market capitalisation of less than £250m, are a good hunting ground for hidden value in this late stage of the equity markets' extended bull run.  Flying under the radar of many investors, they are an area of the UK stockmarket where valuations do not look so full. Indeed, research shows that over the past five years, the micro-cap constituents of the broad smaller companies NSCI + AIM index have, on average, traded at a discount of between 10% and 25% to the benchmark as a whole. One of the keys to investment success in this environment will be understandi...