Whilst blue chip favourites such as Telstra Corporation Ltd (ASX: TLS) and Wesfarmers Ltd (ASX: WES) have disappointed investors this year, a number of lesser known shares have certainly given their shareholders something to smile about.
The three small-cap shares listed below have not only smashed the market this year, they have more than doubled in value. Here’s what you need to know:
The Big Un Ltd (ASX: BIG) share price has risen a remarkable 523% since the turn of the year. The catalyst for this gain has been the incredibly strong demand it is experiencing for its subscription-based video technology products and services. In FY 2017 Big Un reported a 429% increase in full-year cash receipts. Impressively, thanks partly to its international expansion, the first-quarter of FY 2018 has started just as strong. A recent update revealed that management expects cash receipts of at least $14 million in the first-quarter, up 449% on the prior corresponding period. I believe this makes Big Un worth a closer look.
The GetSwift Ltd (ASX: GSW) share price is up 420% year-to-date. This fast-growing logistics software provider has seen the number of deliveries handled by its platform grow at an explosive rate this year. And thanks to its strong cash balance following a recent institutional placement, I expect its expansion into other verticals will further accelerate its growth. I think the sky is the limit for GetSwift and believes investors should seize on any dips in its share price.
The Kogan.com Ltd (ASX: KGN) share price is up a massive 145% since the start of 2017. It isn’t hard to see why its shares have been on a tear this year. Kogan recently posted full-year pro forma net profit after tax of $7.2 million. This was an 800% increase on the prior year and 188% higher than its prospectus forecast. Furthermore, investors appear pleased that Kogan has diversified its business by moving into mobile phones, insurance, and broadband. This could potentially help offset any negative impacts from Amazon’s impending launch in Australia.
Finally, here's another exciting tech share that I think could take your portfolio to the next level.
On 9 March, the visionary Tesla co-founder and CEO made a bold $63,000,000 to save a large swath of Australia. But in the process, he accidentally revealed the small Melbourne-based company that allows him to consistently make the impossible possible. At one point, this little understood company was actually the single most heavily shorted share in all of the ASX. Yet oddly enough, nine out of 10 analysts call it a screaming BUY! And that includes Motley Fool Australia.
We just isolated this company as Elon Musk’s “secret weapon”, and think it’s dynamic run (up more than double after initially floating shares just two and a half years ago!) is only getting started. For the full story on this company, as well as how to get invested alongside us today, simply click here!
Motley Fool contributor James Mickleboro owns shares of GetSwift Ltd. The Motley Fool Australia owns shares of Telstra Limited and Wesfarmers Limited. 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.