Two weeks ago I picked out some small-cap shares which I believe have significant growth potential.
Thankfully for fans of small-cap shares, they weren’t the only one I’m watching. Below are five more small-cap shares which I believe could have bright futures ahead of them.
Here’s why I think they should be on your watchlist today:
Botanix Pharmaceuticals Ltd (ASX: BOT)
Botanix recently announced successful Phase 1A trials of its BTX 1503 candidate which uses synthetic cannabidiol to treat moderate to severe acne. The company will soon undertake Phase 1B trials to test the drug’s efficacy. Should this be a success it will bring the company one step closer to competing in an acne prescription market which is expected to be worth up to US$4.5 billion per year by 2018.
Buddy Platform Ltd (ASX: BUD)
I think this provider of highly scalable Internet of Things (IoT) data aggregation and management infrastructure could be one to watch in the future. Of its three offerings, my favourite is its Buddy Ohm product. Buddy Ohm is a low cost solution for facility resource monitoring and verification. It connects systems that were never designed to work together, helping companies monitor usage and save on energy costs.
Fastbrick Robotics Ltd (ASX: FBR)
This robotics company’s Hadrian X bricklaying robot could be about to disrupt the homebuilding industry. The robot can lay 1,000 standard brick equivalents per hour, compared to the 400 bricks that a typical bricklayer lays per day. The company has US-giant Caterpillar as a strategic partner and recently announced a major MOU to build 50,000 new homes in Saudi Arabia. I estimate that this deal could be worth upwards of $200 million to the company.
Noni B Limited (ASX: NBL)
Through W Lane, Table 8, BeMe, and its eponymous Noni B brand, the company operates in the middle-aged women’s fashion clothing market. Not only is its target demographic less likely to shop online compared to younger demographics, but is a fast-growing demographic thanks to Australia’s ageing population.
XPED Ltd (ASX: XPE)
This IoT technology company is one to watch in my opinion. XPED has created a technology that enables devices to wirelessly communicate with each other, allowing users to control all of their electronic devices remotely from an application. One of the best things about this exciting technology is that it takes just a simple tap of your phone to pair the devices up. I’m excited about the potential for the technology in the healthcare sector.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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