Stock Pick

  • 3 small cap ASX tech shares that could be stars of the future

    Star Performer

    Are you a fan of small cap tech shares? If you are then you’re in luck because there are a good number trading on the ASX right now which I believe have a lot of potential.

    Three which I feel would be worth keeping a close eye on are listed below. Here’s why I think they could be stars of the future:

    Audinate Group Limited (ASX: AD8)

    The first small cap to watch is Audinate. It is a digital audio-visual networking technologies provider that has been growing at a very strong rate in recent years. This has been driven by the increasing demand for its innovative Dante product. This award-winning audio over IP networking solution is being used widely across the professional live sound, commercial installation, broadcast, and recording industries globally. The company also has its eyes on the lucrative Audio & Video (AV) market. If it can dominate this market as well, it could be destined for big things.

    ELMO Software Ltd (ASX: ELO)

    ELMO is a cloud-based human resources and payroll software company. It provides users with a unified platform that streamlines processes such as recruitment, on-boarding, learning, and payroll. Its platform has been growing in popularity over the last few years thanks to increasing demand and its high retention rate. This has led to ELMO growing its recurring revenues and earnings at a very strong rate. The good news is that it still has a massive addressable opportunity in the ANZ market and the potential to expand globally.

    Whispir (ASX: WSP)

    A final small cap to watch is Whispir. It is a software-as-a-service communications workflow platform provider. This platform allows companies to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. This helps make operations more efficient and can cut down the number of service desk support calls. I feel a testament to the quality of its offering is it blue chip customer base which includes AGL Energy Limited (ASX: AGL), Foxtel, and Disney.

    And here is another exciting ASX share which looks destined to generate very strong returns for investors in the future…

    One “All In” ASX Buy Alert, that could be one of our greatest discoveries

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    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 and recommends Elmo Software. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Whispir Ltd. The Motley Fool Australia owns shares of and has recommended AUDINATEGL FPO. The Motley Fool Australia has recommended Elmo Software 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 3 small cap ASX tech shares that could be stars of the future appeared first on Motley Fool Australia.

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  • Top brokers name 3 ASX shares to buy right now

    finger pressing red button on keyboard labelled Buy

    Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

    Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these shares are in the buy zone:

    Costa Group Holdings Ltd (ASX: CGC)

    Analysts at UBS have retained their buy rating and $3.25 price target on this horticulture company’s shares. According to the note, the broker expects Costa to provide investors with a positive update at its annual general meeting next week. It feels current trading conditions support its earnings forecasts and there could even be upside risk to them if weather conditions and foreign exchange remain favourable. I think UBS makes some great points, but I would suggest you wait for the update before making a move.

    IDP Education Ltd (ASX: IEL)

    A note out of Goldman Sachs reveals that its analysts have retained their buy rating and trimmed the price target on IDP Education’s shares slightly to $18.00. According to the note, the broker expects volumes to remain constrained across both its student placement and English language testing businesses in the second half of FY 2020 and the first half of FY 2021. However, it is very positive on its long term prospects and has forecast a big rebound in earnings in FY 2022. I agree with Goldman Sachs and would be a buyer of its shares.

    Newcrest Mining Limited (ASX: NCM)

    According to a note out of Citi, its analysts have retained their buy rating and lifted the price target on this gold miner’s shares to $35.00. Citi lifted its price target on the belief that the gold price will be stronger than expectations over the long term. It feels this will be supportive of Newcrest’s shares. While I think Citi is spot on and Newcrest is quality miner, I think there are better value option in the industry.

    Finally, here are more top shares which analysts have just given buy ratings to. All five recommendations below look dirt cheap after the crash…

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    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 Idp Education Pty Ltd. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO. 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 Top brokers name 3 ASX shares to buy right now appeared first on Motley Fool Australia.

    from Motley Fool Australia https://ift.tt/2yi4FIV

  • Venezuela files claim to force Bank of England to hand over gold

    Venezuela files claim to force Bank of England to hand over goldVenezuela’s central bank has made a legal claim to try to force the Bank of England to hand over €930 million ($1.02 billion) of gold so President Nicolas Maduro’s government can fund its coronavirus response, according to the document submitted in a London court. The claim follows a request Venezuela made to the Bank of England in April to sell part of its gold reserves there and send the proceeds to the United Nations to help with the country’s coronavirus-fighting efforts. The Bank of England declined to comment on the claim.

    from Yahoo Finance https://ift.tt/2AKOxk0

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