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Hi there,

It’s often said that the London Stock Exchange lacks quality companies.

Sure, it lacks the old FAANG stocks or the new ‘Magnificent Seven’…

But despite that, the UK outperforms the US when it comes to small cap multibaggers.

Which is great, because that’s what I’m interested in.

And though I’ll admit that many of the UK multibaggers aren’t exactly super alluring rapid growth tech businesses… it just doesn’t matter.

Because a stock has the potential to double or even triple.. do you really care what it does?

Exactly.

It’s possible I may’ve found one.

But beware. It’s not cheap. Often quality growth stocks aren’t.

I said exactly that in this newsletter when I highlighted Intercede at 115p.

It’s now 170p+ and even more expensive.

I remember back in 2016 I didn’t buy Boohoo and Fevertree because their PE ratios scared the hell out of me.

And, well, the rest is history.

The were the stock market darlings of that bull market.

Now, I’m not suggesting that this stock is the next Boohoo or Fevertree.

Who knows?

But what I am suggesting is that at the very least it goes on your watchlist.

It’s rare that quality companies with defensible moats appear in the UK.