I believe there are a good number of shares with enormous potential at the small end of the market right now that are well worth having on your watchlist.
Four that I have my eye on are listed below. Here’s why I like them:
LiveTiles Ltd (ASX: LVT)
I think investors ought to keep an eye on this digital workplace platform provider. It was a strong performer in FY 2018 thanks to the growing popularity of its software which allows businesses to increase collaboration and efficiency among their employees. FY 2019 has started strongly due in part to the appointment of N3 as its sales and marketing force and its close ties with Microsoft.
Megaport Ltd (ASX: MP1)
Megaport is a leading provider of elastic interconnection services in data centres across the world. Earlier today it released its first quarter update and revealed further strong quarterly growth. During the quarter its monthly recurring revenue grew an impressive 20% on the previous quarter to $2.4 million. This puts it in a position to build on the 85% increase in annual revenue that it achieved in FY 2018.
Serko Ltd (ASX: SKO)
Serko is a New Zealand-based travel and expense technology solutions provider which I think could be worth a look. Its services are used by a growing number of companies in the travel industry, which I believe is a testament to the quality of its offering. This year the company expects to build on the success of FY 2018 with revenue growth of up to 30%.
Telix Pharmaceuticals Ltd (ASX: TLX)
Telix is a clinical-stage biopharmaceutical company focused on the development of diagnostic and therapeutic products based on targeted radiopharmaceuticals. Its CEO, Dr Christian Behrenbruch, is very respected in the industry and has a solid track record of success in the field. I’ve been very impressed with the progress that the company has made this year and think it will be one to watch in 2019.
Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks now
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In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
*Returns as of 6/8/2020
Motley Fool contributor James Mickleboro owns shares of TELIXPHARM DEF SET. 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 Scott Phillips.
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