Small-cap stocks have struggled this year. None of the four stocks I chose at this stage last year finished in the black, despite some big gains during 2023. Brave Bison (Aim: BBSN), a media, marketing and technology play skewed towards social media, is currently down by 10%. This surprises me. It was cheap when I included it, and the brother directors (Oliver and Theo Green), who managed to expand their previous firm, Tangent, bought five million shares in November. I see no reason to abandon this position.
Altitude (Aim: ALT), a promotional products company that owns a platform connecting buyers, distributors and manufacturers, is unchanged; investors may be loath to buy because the stock isn’t cheap, but profits are growing quickly. Once earnings catch up and bring the valuation down, the stock could bounce. If anything, the business case has become even stronger.
Australia’s Harvest Minerals, which produces the fertiliser KP Fertil in Brazil, has been a dreadful performer, slumping from 8.4p to 0.71p as fertiliser prices have slumped. If
