Public Recruitment Group - 37p Public Recruitment Group has recently seen its share price dip back alongside the market as a whole. The fall has been driven purely by negative sentiment and has nothing to do with the fundamentals of what looks to be an attractive company.

This means that investors can now buy in at below the 41p placing price at which funds were raised earlier in the year.

Although this is by no means the only company in the market which has raised money at a higher level than where the share price currently stands, the circumstances surrounding Public Recruitment Group's placing were somewhat unique.

Not only were the shares priced much higher than the market price at the time, but the deal has also seen Luke Johnson come on board as a significant stakeholder and non-executive director.

Johnson is currently the chairman of Channel 4 and most famous in the City for his involvement with Pizza Express. During his time in control at the popular restaurant chain the share price rose from 40p to 900p.

Although such a rise would be very welcome for this company the prospects of such a remarkable return are very slim unfortunately.

More likely is a greater focus on the business from potential investors once the next set of results is released. Given the relatively low market capitalisation Public Recruitment Group has at the moment, it will be followed by very few people.

When headline numbers which highlight the true value of this business are released, more market professionals may sit up and take notice.

In summary, Public Recruitment Group is an overlooked share and this could potentially mean that there is an opportunity to buy in cheaply. It is unlikely that Luke Johnson would have become involved without believing that there is the opportunity to build significant value and with this in mind we rank the shares as a speculative buy.

l It is also worth mentioning that Education Development International, a tip in October 2006 at 15.25p, have recently announced that profits for the current financial year should exceed market expectations.

This has seen the share price rally and at the time of writing it stood at almost twice the October 2006 level.

However, we still see the company as being fundamentally undervalued and those who have not already invested should consider doing so now.

WARNING: Opinions expressed are the writers' judgments at the time of writing. The information does not constitute a personal recommendation and readers should seek their own professional advice as to the suitability of the investments.