During extremely volatile times like these, it can be hard to look past the next trading session.
But investing isn’t about tomorrow, next week, or next month. It’s about the future and, just like the GFC is a distant memory now, eventually the coronavirus outbreak will be as well.
In light of this, I think now is a good time to look at the small side of the market and at shares that could grow materially over the 2020s and provide strong returns for investors.
Three small cap ASX shares that I think would be worth considering once the volatility eases are listed below:
Alcidion Group Ltd (ASX: ALC)
Alcidion is a fast-growing informatics solutions company. It provides high quality software which aims to improve the efficacy and cost of delivering services to patients and reduce hospital-acquired complications. I believe the company is well placed for growth over the next decade thanks to the growing trend for healthcare organisations to shift to a paperless environment.
Bigtincan Holdings Ltd (ASX: BTH)
Bigtincan is a provider of enterprise mobility software that allows sales and service organisations to increase their sales win rates, reduce expenditures, and improve customer satisfaction. This is achieved through improved mobile worker productivity. Bigtincan has been growing its recurring revenues at a very strong rate thanks to its blue chip client base, which includes the likes of Australia and New Zealand Banking Group (ASX: ANZ), Nike, and Sephora.
Serko Ltd (ASX: SKO)
Serko is a technology company focused on innovative solutions that address the challenges of corporate travel and expense management. It has been growing at a very strong rate over the last couple of years thanks to the increasing popularity of its Zeno product. And while its performance looks likely to be negatively impacted by the coronavirus, I expect it to bounce back strongly once conditions ease. This could make it worth taking advantage of its share price decline and buying shares with a long-term view.
Where to invest $1,000 right now
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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
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Alcidion Group Ltd and Serko Ltd. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. The Motley Fool Australia has recommended Alcidion Group Ltd and Serko Ltd. 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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