One thing the Australian share market is not short of is small cap shares with global ambitions and significant potential.
While the three shares below may not be ready to be invested in just yet, I think they are well worth putting on your watchlist after they made great strides towards their goals in 2017.
They are as follows:
Bioxyne Ltd (ASX: BXN)
Bioxyne is an Australian life sciences and health products company with its eye firmly fixed on the Asia market. Last year the company caught my eye after announcing plans to launch three health and wellness products in the market. In my opinion, the product with the most potential is its BK18 nutritional health drink which is made with dairy from Waikato, New Zealand and includes an immune boosting probiotic and a range of key vitamins. In addition to these products, it has also just recently announced the launch of a nutritional shake for men into the Malaysian market.
Fastbrick Robotics Ltd (ASX: FBR)
This robotics company's Hadrian X brick-laying robot is an impressive piece of technology and threatens to steal the jobs of bricklayers across the world. Hadrian X is able to lay 1,000 standard brick equivalents per hour, compared to the 400 bricks per day a typical Australian bricklayer lays. When a robot can do the weekly output of a human in just two hours, it is clear to see the benefits for home builders when used at scale. Fastbrick Robotics has US-giant Caterpillar as a strategic partner and recently announced a major memorandum of understanding (MOU) to build 50,000 new homes in Saudi Arabia. If this MOU becomes a fully-fledged agreement, it could be quite lucrative for the company.
Longtable Group Ltd (ASX: LON)
Longtable, formerly known as Primary Opinion Ltd (ASX: POP), is a growing food company headed by former Bellamy's Australia Ltd (ASX: BAL) CEO Laura McBain. At the end of last year the company raised $43 million in order to fund the acquisition of leading biodynamic-organic dairy products company B.-d Farm Paris Creek. Previously the company's only asset was a 48% stake in Maggie Beer's product range. Time will tell whether McBain can take another small company onto the global stage, but considering the ease in which the company raised that $43 million, she certainly has a lot of backers.
