These days there certainly isn?t a great deal you can buy at the local Woolworths Limited (ASX: WOW) supermarket with a single dollar coin.
But that?s not the case on the share market. Right now there are a number of quality tech shares trading at prices below $1.00 going largely unnoticed by the market.
Here?s why I think they could be worth taking a closer look at:
The Freelancer Ltd (ASX: FLN) share price just scrapes in under a dollar, closing on Tuesday at 92 cents. As the world’s largest freelancing and crowdsourcing marketplace by a number of users and projects, I believe…
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These days there certainly isn’t a great deal you can buy at the local Woolworths Limited (ASX: WOW) supermarket with a single dollar coin.
But that’s not the case on the share market. Right now there are a number of quality tech shares trading at prices below $1.00 going largely unnoticed by the market.
Here’s why I think they could be worth taking a closer look at:
The Freelancer Ltd (ASX: FLN) share price just scrapes in under a dollar, closing on Tuesday at 92 cents. As the world’s largest freelancing and crowdsourcing marketplace by a number of users and projects, I believe Freelancer is in a strong position to profit from the rise of the gig economy. After all, at present Freelancer boasts well over 24 million employers and freelancers using its platform globally.
The Mitula Group Ltd (ASX: MUA) share price last traded at 90 cents. This online classified advertising website aggregator could be one to watch in my opinion. Earlier this week the company released a positive trading update which revealed a record $8.2 million in revenue in the March quarter. This was an impressive 30.2% increase on the prior corresponding period. With no debt, a healthy cash balance, and strong sales growth, Mitula could have a bright future ahead of it.
The Nearmap Ltd (ASX: NEA) share price closed at 54 cents yesterday, down around 17% year-to-date. Whilst its share price performance has disappointed this year, the aerial imaging company’s business performance has been reasonably impressive. In March the company revealed that it was experiencing its strongest trading quarter year-to-date, with the addition of $3 million worth of incremental annualised contract value. I believe the company has huge potential, especially if it can make in-roads into the lucrative U.S. market.
Finally, whilst these explosive shares are not under one dollar, I believe they have just as strong growth prospects as the ones listed above.
For many, blue chip stocks means stability, profitability and regular dividends, often fully franked..
But knowing which blue chips to buy, and when, can be fraught with danger.
The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."
Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.
If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.
The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.
The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.
Click here to claim your free report.