Small Cap Value Report (Wed 17 May 2023) - AFRN, SMRT, ANG, RBGP, PURP, ATG, KLR

Good morning from Paul and Graham!
We're off to a flying start this morning, with some comments I prepared last night on less important micro caps, nothing madly exciting, but there wasn't much on tele so thought I'd use some time productively!
Thanks very much for the excellent reader comments yesterday too. I was a bit worried that it had all gone rather quiet out there, but it's great to see some very interesting comments from subscribers.

Explanatory notes -
A quick reminder that we don’t recommend any stocks. We aim to review trading updates amp; results of the day and offer our opinions on them as possible candidates for further research if they interest you. Our opinions will sometimes turn out to be right, and sometimes wrong, because it's anybody's guess what direction market sentiment will take amp; nobody can predict the future with certainty. We are analysing the company fundamentals, not trying to predict market sentiment.
We stick to companies that have issued news on the day, with market caps up to about £700m. We avoid the smallest, and most speculative companies, and also avoid a few specialist sectors (e.g. natural resources, pharma/biotech).
A key assumption is that readers DYOR...