Many UK shares have been drifting steadily lower since 5 June, when the FTSE 100 hit a post-crash high of 6,484. The index is now nearly 9% lower, at around 5,900.
It’s tough to be optimistic about the stock market at the moment. But, in my experience, this kind of slow decline can provide great buying opportunities. Today, I’m looking at three UK shares I think are too cheap to ignore right now.
I’d back the boss at this firm
The Morgan Sindall (LSE: MGNS) share price has fallen by more than 40% from its February peak. Painful stuff. But, as a shareholder in this FTSE 250 construction group, I expect this UK share to make a gradual recovery over the next couple of years.