MENU

Why I’m watching these speculative shares in November

At the small end of the market there are a number of shares with the potential to grow significantly in the future.

Not all of these shares will ultimately deliver on their potential, but two that I’m watching very closely are listed below.

Food Revolution Group Ltd (ASX: FOD)

Food Revolution is a juice company with its eye on the massive China market. Its juice brands such as Juice Lab, Thirsty Brothers, and Bucha Shop Kombucha can be found on the shelves of supermarkets including Wesfarmers Ltd (ASX: WES) operated Coles.

In addition to this, today the company revealed that it has gained China Inspection and Quarantine Certification (CIQ) for its Fruit Farm Orange Juice products. This means that these products are now approved for sale in physical stores in China. Management will show off the products at the China International Import Expo in Shanghai next week in the hope of generating firm orders. I think it is well worth keeping an eye on its progress.

Megaport Ltd (ASX: MP1)

Megaport is a leading provider of elastic interconnection services in data centres across the world and could be a great way to gain exposure to the cloud computing boom. A growing data centre footprint and strengthening demand for its services led to the company posting an 85% increase in annual revenue in FY 2018.

Pleasingly, this strong form has continued in FY 2019. Last month the company released its first quarter update and revealed that its monthly recurring revenue grew an impressive 20% on the previous quarter to $2.4 million. This was driven by a 6% quarter on quarter rise in its data centre footprint to 234 centres, a 12% quarter on quarter increase in customer numbers to 1,161, and a 10% quarter on quarter lift in total ports to 3,026.

If you like the look of exciting shares such as Food Revolution and Megaport, then I think you'll love these shares which have been tipped as stars of the future.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended 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 Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.