first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The high-calibre small-cap stock flying under the City’s radar I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Kevin Godbold Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Smaller companies often have the potential to deliver decent returns for investors. A smaller underlying business might grow its earnings faster than larger, more mature outfits. With that in mind, I’d consider buying penny shares such as these for my Stocks and Shares ISA.Penny shares backed by strong businessesStructural steelwork company Severfield (LSE: SFR) has a market capitalisation near £234m. The business produces and erects steelwork for commercial, industrial and other buildings. And I reckon it could benefit in the years ahead as the UK invests in its infrastructure.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The company has a strong balance sheet and the outlook is positive. City analysts have pencilled in an 18% uplift in earnings for the trading year to March 2022. And with the share price near 76p, the forward-looking earnings multiple is just below 11. Shareholders may also benefit from an anticipated dividend yielding 4% next year. I reckon the valuation looks fair considering the positive outlook.However, despite the positives, capital growth from an investment in the shares now is not guaranteed. Perhaps the biggest risk is the cyclical nature of operations. If the general economy sees another downturn while I’m holding the shares, I could find my investment falling in value. Cyclical companies such as Severfield are known for their volatile share prices, earnings and shareholder dividends.Cyclicality can also lead to valuation compression. We’ve seen that scenario play out with the London-listed banks over the past few years prior to last year’s market crash. It’s possible for the Severfield business to progress while leaving the stock languishing because of a reducing valuation. Nevertheless, I’m tempted to embrace the risks and buy some of the shares now.Operations abroadSteppe Cement (LSE: STCM) produces construction cement in Kazakhstan. The company’s market capitalisation is around £79m. The balance sheet is strong and City analysts expect a 33% rebound in earnings in 2021. The outcome will build on a record of rising earnings stretching back at least five years and only interrupted by the pandemic.The business has been trading well. In 2020, cement market consumption in Kazakhstan increased by 6% compared to 2019. And Steppe Cement’s local market share was just over 15% at 9.4m tonnes. On top of that, there’s a small export operation that increased by 30% to 202,000 tonnes in 2020. With the share price near 36p, the forward-looking earnings multiple is 12.5 for 2021. And the anticipated dividend yield is 8%. The valuation looks fair to me given the risks involved with holding the shares. For example, Steppe Cement shareholders face all of the same cyclical risks faced by those holding Severfield stock. On top of that, UK shareholders may feel uncomfortable holding a stock backed by operations in a remote country like Kazakhstan. However, I’m tempted by the stock today. Kevin Godbold | Monday, 22nd March, 2021 | More on: SFR STCM Our 6 ‘Best Buys Now’ Sharescenter_img Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! 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Enter Your Email Address Image source: Getty Images 2 penny shares I’d buy right now for capital and income growthlast_img read more