As well as being home to stellar blue-chip shares such as Ramsay Health Care Limited (ASX: RHC) and CSL Limited (ASX: CSL), I feel the Australian share market is home to a number of exciting small-cap shares with huge potential.
Three which I believe should be on your watchlist today are as follows:
ChimpChange Ltd (ASX: CCA)
This US-based digital banking company aims to disrupt the American banking system with its mobile banking platform. Targeting the millennials and the underbanked, ChimpChange has been growing its customer numbers at an extremely impressive rate over the last two years. Impressively it achieved this growth whilst also reducing its cost of acquisition. At the last count 26% of its customer acquisitions came organically.
National Veterinary Care Ltd (ASX: NVL)
With pet ownership in Australia at high levels, I expect demand for its 54 veterinary practices will remain strong. Especially considering that research shows that 79% of dogs and 65% of cats visit the vet at least once a year. I believe this puts National Veterinary Care in a position to deliver strong organic earnings growth over the next few years. A further bonus for the company is the fragmented veterinary industry. This affords management the opportunity to grow through acquisition.
UUV Aquabotix Ltd (ASX: UUV)
As the name implies, UUV Aquabotix manufactures commercial and industrial grade unmanned underwater vehicles (UUVs) which can be used in industries including defence, law enforcement, aquaculture, and oil and gas. Yesterday the company announced that its Endura product had been placed on the GSA Schedule. By being on the GSA Schedule it means that procurement managers from various U.S. government agencies can seamlessly make purchases of its product. I believe UUV Aquabotix could have a very bright future ahead of it.
