3 of the best cheap UK stocks under £ 3 to buy!
Triple Point Energy Efficiency Infrastructure Company (LSE: TEEC) is a cheap UK stock that I’m paying close attention to at the moment.
The demand for renewable energy stocks like this is increasing as the concept of “responsible investing” takes off. I think this is a phenomenon that could underlie strong growth in stock prices as concerns about the climate emergency continue to grow.
TEEC invests in low carbon energy projects across the UK. Perhaps its most famous investment is the acquisition of combined heat and power (CHP +) assets on the Isle of Wight. But it is also steadily strengthening its hydropower footprint and at the end of last month it spent £ 26.6million to take over a cluster of hydropower projects in Scotland.
The UK government has placed “green” energy at the heart of its industrial strategy for the next decade. And TEEC could be well placed to capitalize on such political will. However, it should be remembered that a Changing of the Guard at Westminster could have serious ramifications for actions like this.
A cybersecurity star
Cybercrime is a growing problem for individuals and businesses around the world. As a result, spending on preventing online attacks is skyrocketing. Analysts at Researchandmarkets.com believe the global security industry will be worth $ 539.8 billion by 2030. This compares to the $ 183.3 billion estimated last year.
CNC Group (LSE: NCC) is a cheap UK stock that I would buy to make money in this booming industry. The earnings improvements over the past few months have not been unheard of. And in early November, he described the trade since early October as “solid”.
News that its acquisition of Iron mountainJune’s intellectual property management (IPM) business is progressing well and may help NCC’s share price recover from recent strong weakness. At 231p per share, NCC has practically lost all of the gains accumulated over the past 12 months. However, signs of integration problems with its new unit could conversely see software activity lengthening its slide.
I invested in Keywords Studios – a software development service provider – last year to capitalize on the booming video game market. I think a motion capture specialist Oxford Metrics (LSE: OMC) could be another way to get on this train efficiently. Negotiate at his Vicon division is extremely strong, thanks to what it describes as “buoyant»Games sector, and in particular the adoption of Virtual Production by various major production studios.
Virtual Production allows developers to go about their business in the real and digital world. It’s complicated and nifty, but all I need to know from an investing perspective is that it’s a lucrative business too.
Oxford Metrics revenues climbed nearly 18% in the year through September, to reach £ 35.6million. I would buy this UK stock on the cheap despite the threat posed by the high levels of competition in the tech sector in which it operates.
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Savage royston owns shares of Keywords Studios. The Motley Fool UK recommended Keywords Studios and NCC. The opinions expressed on the companies mentioned in this article are those of the author and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. At The Motley Fool, we believe that considering a wide range of ideas makes us better investors.