3 exciting small cap ASX shares that could be destined for big things
James Mickleboro | April 2, 2021 1:30pm |
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At the small end of the Australian share market, there are a number of companies with the potential to grow materially in the future.
Three standouts are listed below. Here’s why they should be on your watchlist:
The first small cap to watch is Damstra. It is a growing integrated workplace management solutions provider. Damstra’s cloud-based workplace management platform is used by businesses globally to track, manage, and protect their workers and assets. Demand has been growing strongly in recent years and has continued in FY 2021. For example, during the first half of FY 2021, Damstra reported a 29.6% increase in revenue to $13.3 million. Pleasingly, this is still only a small fraction of an addressable market which is expected to be worth US$20 billion by 2022.
ASX tech correction? 10 of the worst-hit shares
Sebastian Bowen | March 9, 2021 4:57pm |
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It certainly has not been a good month to own ASX tech shares. As we reported this morning, the
S&P/ASX All Technology Index (ASX: XTX) is way past being in a technical ‘correction’ (a drop of 10% from the most recent high). In fact, it is now on the edge of being in an actual bear market (a drop of 20%-plus), since it has fallen more than 18% since 10 February.
The phrase ‘bear market’ hasn’t been in play on the ASX for almost a year now, so this is certainly a dramatic turn of fortune.
2 buy-rated small cap ASX shares for your watchlist fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.