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There has been a rapid whittling down of the JSE through a raft of buyouts and delistings over the past decade; fewer than 330 shares remain. Nevertheless, many simply fall through the cracks and are not noticed by the wider market. In this sense it is true that sometimes you can’t see the wood for the trees and what you are looking for may be hidden in plain sight.

This article on bargain shares aims to cast a spotlight on a few stocks that are largely overlooked and examines lightly researched counters with p:es in the 3-5 range — stocks IM reasonably expects will, in due course, reflect the true worth of the companies’ assets...

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