In the last couple of years I have been very disappointed by the performance of trusty blue-chip shares such as Woolworths Limited (ASX: WOW) and Telstra Corporation Ltd (ASX: TLS).
During this time the two shares have struggled to find a sufficient level of growth to satisfy shareholders and the market, ultimately leading their shares to fall 10% and 25% respectively.
Three small-cap shares which certainly haven't struggled for growth are listed below. Here's why I think they're worth taking a closer look at:
The ChimpChange Ltd (ASX: CCA) share price is up 55% so far in 2017 thanks largely to the digital banking platform's strong growth in customer numbers and total transaction value. The company added an impressive 41,000 customers during the first-half of FY 2017. This led to an 85% increase in total transaction volumes in February. With a host of innovative new revenue-generating features on the way, I believe ChimpChange is a company on the rise.
The Rungepincockminarco Ltd (ASX: RUL) share price is up over 63% in the last 12 months. Although FY 2016 was a touch disappointing, I have been very impressed with the strong start the mining software solutions company has made to FY 2017. The company posted an underlying profit after tax of $1.1 million, compared to a $0.9 million loss in the prior corresponding period. Thanks to the growth in software license fees I expect the company to finish FY 2017 in a similarly strong fashion.
The Smart Parking Ltd (ASX: SPZ) share price has risen an impressive 20% in the last three months. The company has over 120,000 car park spaces under management in the United Kingdom and a total of 190 car parks under management worldwide. Thanks to the growing popularity of its parking bay sensor technology, Smart Parking recently posted its maiden half-year profit of $0.4 million. With over 100 new sites in the pipeline for installation in the second-half and a healthy cash balance, I believe Smart Parking is one to watch.
