If your risk profile allows you to invest in small cap ASX shares, then you might want to take a look at the ones listed below.
I believe all five of these small cap shares have strong growth potential and could be future stars of the ASX. Here’s why they are on my watchlist:
Bigtincan Holdings Ltd (ASX: BTH)
Bigtincan is a provider of enterprise mobility software. Its software allows sales and service organisations to increase their sales win rates, reduce costs, and improve customer satisfaction through improved mobile worker productivity. Demand for its offering continues to grow from blue chip companies. This looks set to drive strong revenue growth again in FY 2020 despite the pandemic.
ELMO Software Ltd (ASX: ELO)
Another small cap ASX share which I think has a lot of potential is ELMO. It is a cloud-based human resources and payroll software company. ELMO provides users with a unified platform that streamlines processes such as recruitment, on-boarding, learning, and payroll. It has massive market opportunity in the ANZ market and the potential to expand globally in the future.
Nitro Software Ltd (ASX: NTO)
I think Nitro Software is a small cap ASX share worth keeping an eye on. It is a software company aiming to drive digital transformation in organisations around the world across multiple industries. Its core solution is the Nitro Productivity Suite. This provides integrated PDF productivity and electronic signature tools to customers through a horizontal, software-as-a-service, and desktop-based software solution.
Volpara Health Technologies Ltd (ASX: VHT)
Another small cap ASX share to watch is Volpara Health Technologies. It is a provider of software that uses artificial intelligence imaging algorithms to assist with the early detection of breast and lung cancer. Demand for its software continues to grow at a rapid rate. So much so, last week it reported a 153% increase in full year revenue.
Whispir (ASX: WSP)
A final small cap to watch is Whispir. It is a software-as-a-service communications workflow platform provider. Its industry-leading software platform allows organisations to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. Demand has been increasing strongly during the pandemic, putting it in a position to deliver a very strong full year result.
And here are more top shares to buy right now. All five recommendations below look dirt cheap after the crash…
NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….
Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.
One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…
Plus 3 more cheap bets that could position you to profit over the next 12 months!
See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
More reading
- Volpara share price edges higher after reporting FY20 results
- Are these exciting small cap ASX tech shares the next Afterpay?
- Why these 3 exciting ASX tech shares are surging higher today
- Why didn’t Warren Buffett buy more shares in the recent bear market?
- Why Afterpay and these ASX shares just zoomed to 52-week highs
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 BIGTINCAN FPO and Whispir Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Elmo Software. The Motley Fool Australia owns shares of and has recommended Elmo Software and VOLPARA FPO NZ. The Motley Fool Australia has recommended BIGTINCAN FPO, Nitro Software Limited, and Whispir 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.
The post 5 exciting small cap ASX shares to watch in June appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/2XfLr0e
Leave a Reply