Scott McKenzie, co-manager of the WS Amati UK Listed Smaller Companies fund, discusses the attractiveness of current valuations in the UK market. He mentions the challenging economic environment, high inflation, and interest rates experienced in recent years but believes these pressures are beginning to ease.
Despite concerns about economic growth, Scott is optimistic about potential improvements in valuations, particularly in smaller UK companies. He highlights the company Trainline, emphasising its resilience and dominant position in the UK's digital ticketing market, along with its expansion into Europe. Additionally, he discusses Kooth, a smaller but promising company that offers digital mental health support, particularly for young individuals, highlighting its growth potential in the US market