• 2 small cap ASX tech shares trading at a big discount

    wooden letter blocks spelling the word 'discount' representing cheap xero share price

    Due to the recent market volatility, a number of small cap tech shares have been dragged notably lower.

    Two that could be in the buy zone now are listed below. Here’s what you need to know about them:

    Nitro Software Ltd (ASX: NTO)

    The first small cap ASX tech share to consider is Nitro Software. It is the software company behind the popular Nitro Productivity Suite.

    The Nitro share price has pulled back by 35% since hitting a record high late last year. This appears to have created a buying opportunity according to analysts at Morgan Stanley. Late last month, the broker retained its overweight rating and $3.50 price target on the company’s shares.

    Morgan Stanley appeared pleased with Nitro’s performance during FY 2020 and its guidance for the year ahead.

    In case you missed its full year results, Nitro delivered a 64% increase in annual recurring revenue (ARR) to $27.7 million. And pleasingly, more of the same is expected in FY 2021, with management providing ARR guidance of between $39 million and $42 million. This represents year on year growth of 41% to 51.6%.

    Whispir Ltd (ASX: WSP)

    Another small cap ASX tech share to look at is Whispir. It is a fast-growing software-as-a-service communications workflow platform provider.

    Its software platform allows businesses and governments to deliver actionable two-way interactions at scale using automated multi-channel communication workflows.

    Due partly to recent volatility, the Whispir share price is currently trading 33% lower than its record high. This led to analysts at Ord Minnett recently upgrading its shares to a buy rating with a $4.53 price target.

    It was pleased with Whispir’s half year results, which saw the company report a 29.2% increase in its ARR to $47.4 million. This was driven by increased activity from its existing customers and the addition of 77 net new customer to a total of 707 customers.

    Looking ahead, the broker believes a similar level of growth can be maintained over the medium term.

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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 Whispir Ltd. The Motley Fool Australia has recommended Nitro Software Limited and Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 2 fantastic ASX growth shares to buy this week

    growth ASX shares, small caps

    If you’re a growth-focused investor then you’re in luck. The Australian share market is home to a number of quality shares that could grow strongly in the future.

    Two top ASX growth shares that have been tipped as buys are listed below. Here’s why they are highly rated:

    ResMed Inc. (ASX: RMD)

    The first ASX growth share to look at is ResMed. It is a medical device company with a focus on sleep treatment products.

    Over the last decade, ResMed has been growing at a consistently strong rate. This has been driven by its industry-leading products, growing addressable market, and highly successful bolt-on acquisitions such as Brightree.

    Positively, the company looks well-placed to continue this positive form over the next decade. Especially given the growing prevalence of sleep disorders globally.

    Management estimates that there are 936 million people with sleep apnoea globally, with the vast majority of these sufferers undiagnosed. But it doesn’t stop there. In addition, there are almost 400 million people who suffer from chronic obstructive pulmonary disease (COPD) and close to 350 million people living with asthma.

    One broker that is very positive on the company’s future is Morgans. It has an add rating and $30.09 price target on its shares.

    Zip Co Ltd (ASX: Z1P)

    Another ASX growth share to look at is Zip. It is a leading buy now pay later provider which has been growing at a rapid rate thanks to the growing popularity of the payment method with consumers and merchants, the decline in credit card usage, and its international expansion.

    Positively, this strong form has continued in FY 2021 despite increasing competition. For the six months ended 31 December, Zip reported a 141% increase in total transaction volume (TTV) to $2.32 billion and a 130% jump in revenue to $160 million.

    This strong half was underpinned by another significant lift in active customers. At the end of December, Zip had a total of 5.7 million active customers globally, which was up 217% over the prior corresponding period.

    Morgans was pleased with the company’s performance. So much so, it retained its add rating and lifted its price target to $12.10.

    Where to invest $1,000 right now

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    *Returns as of February 15th 2021

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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 ZIPCOLTD FPO. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 2 ASX dividend shares with yields above 5%

    ASX dividend shares represented by cash in jeans back pocket

    ASX dividend shares with yields above 5% may be attractive in this environment considering how low interest rates are right now.

    The Reserve Bank of Australia (RBA) interest rate is essentially 0%, which means that money in the bank is earning almost nothing.

    Here are two real estate investment trusts (REITs) that have a relatively high dividend yield:

    Rural Funds Group (ASX: RFF)

    Rural Funds is a farmland landlord. It owns a variety of different farm types including cattle, almonds, macadamias, vineyards and cropping (cotton and sugar).

    It has a number if high-quality tenants like JBS, Australian Agricultural Company Ltd (ASX: AAC), Stone Axe, Treasury Wine Estates Ltd (ASX: TWE), Olam and Select Harvests Limited (ASX: SHV).

    Rural Funds recently provided guidance for its FY22 distribution, which is expected to be 11.73 cents per unit, which currently translates to a distribution yield of just over 5% at the current Rural Funds share price.

    The ASX dividend share has a key goal of increasing its distribution for shareholders by at least 4% per annum. It has been successful with this each year since it listed in FY15. This has come with net rental profit growth, measured by adjusted funds from operations (AFFO).

    Rural Funds’ rental income is steadily growing thanks to the rental indexation that is built into its rental contracts. Some of the rental increases are a fixed 2.5% increase per annum, whilst others are linked to CPI inflation, plus market reviews.

    Rural Funds is also growing its rental profit and distribution thanks to productivity improvements at the farms such as improved irrigation or more water access points for animals.

    Centuria Industrial REIT (ASX: CIP)

    This is another REIT with a focus on delivering good income returns to investors.

    It’s one of Australia’s largest industrial-only REITs. It has locations spread across metro areas around Australia, with a diverse tenant base.

    Centuria recently announced its FY21 half-year result which said that it made $42.8 million of funds from operations (FFO), equivalent to 8.8 cents per unit and it upgraded its FFO guidance to no less than 17.6 cents per unit. It’s currently rated as a buy by UBS, with a share price target of $3.38. 

    At the time of the result release, the ASX dividend share said that it had 59 industrial assets worth $2.4 billion, an occupancy rate of 97.7% and a weighted average lease expiry of 9.8 years.

    The distribution is expected to be 17 cents per unit, which equates to a forward yield of 5.7%.

    A couple of weeks ago, the REIT announced it was spending $26.25 million on a Bella Vista warehouse acquisition in North Western Sydney. It has a close connection to the M2 and M7 motorways. This increase its NSW portfolio weighting to 25%.

    The Bella Vista transaction takes Centuria Industrial REIT’s acquisitions throughout FY21 to 12 assets, worth $757.2 million.

    The acquisition will be funded with existing debt and settlement is expected in March 2021.

    Centuria Industrial REIT fund manager Jesse Curtis said:

    This acquisition increases CIP’s exposure in the tightly held Sydney industrial market. Using our in-house capabilities, CIP has a strong track record in delivering value-add opportunities and this latest asset adds to our existing pipeline. Being a high-profile location, in a true infill area, the asset will appeal to a broad range of potential users.

    Where to invest $1,000 right now

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    *Returns as of February 15th 2021

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    Motley Fool contributor Tristan Harrison owns shares of RURALFUNDS STAPLED. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 5 things to watch on the ASX 200 on Monday

    On Friday the S&P/ASX 200 Index (ASX: XJO) finished a positive week in a disappointing fashion. The benchmark index sank 0.75% to 6,710.8 points.

    Will the market be able to bounce back from this on Monday? Here are five things to watch:

    ASX 200 expected to rebound

    The Australian share market looks set to bounce back strongly on Monday after a positive finish to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the week 107 points or 1.6% higher this morning. On Wall Street on Friday night, the Dow Jones climbed 1.85%, the S&P 500 rose 1.95%, and the Nasdaq index pushed 1.55% higher.

    Oil prices charge higher again

    Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could start the week on a high after oil prices charged higher on Friday night. According to Bloomberg, the WTI crude oil price rose 3.5% to US$66.09 a barrel and the Brent crude oil price climbed 3.9% to US$69.36 a barrel. This was driven by OPEC holding firm with its production cuts and strong US economic data.

    Tech shares on watch

    It could be a better day for ASX tech shares such as Afterpay Ltd (ASX: APT) and Xero Limited (ASX: XRO) after their US counterparts surged higher on Friday night. The Nasdaq index rose 1.55% after the bond yield rally eased. As the local tech sector tends to follow the tech-heavy index’s lead, this bodes well for today’s trading session.

    Gold price softens

    Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could start the week in the red after the gold price softened further on Friday. According to CNBC, the spot gold price dropped 0.1% to US$1,698.50 an ounce. This means the precious metal is now trading close to a nine-month low.

    Shares going ex-dividend

    A number of ASX 200 shares are going ex-dividend this morning and could trade lower. This includes ecommerce company Kogan.com Ltd (ASX: KGN), private healthcare company Ramsay Health Care Limited (ASX: RHC), and property listings giant REA Group Limited (ASX: REA).

    Where to invest $1,000 right now

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    *Returns as of February 15th 2021

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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 Kogan.com ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO and Xero. The Motley Fool Australia has recommended Kogan.com ltd, Ramsay Health Care Limited, and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 3 highly rated ASX growth shares to buy now

    3 asx shares to buy depicted by man holding up hand with 3 fingers up

    The Australian share market is home to a large number of growth shares. In fact, there are so many to choose from, it can be hard to decide which ones to buy ahead of others.

    To narrow things down, I have picked out three ASX growth shares that are highly rated. They are as follows:

    Aristocrat Leisure Limited (ASX: ALL)

    The first ASX growth share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies. While times have been hard for the company’s poker machine business due to the pandemic, its digital business has delivered strong growth. So with vaccines now rolling out across the globe, it may not be long until both businesses are pulling together. Analysts at Morgan Stanley believe it is worth sticking with the company. They currently have an overweight rating and $38.00 price target on its shares.

    NEXTDC Ltd (ASX: NXT)

    Another ASX growth share to look at is NEXTDC. It is a leading data centre operator which has been growing strongly in recent years thanks to increasing demand for capacity in its centres. This has been driven by the structural shift to the cloud, which still has a long way to go. Citi is a fan of the company and expects its strong form to continue for the foreseeable future. Last week it put a buy rating and $14.45 price target on NEXTDC’s shares.

    REA Group Limited (ASX: REA)

    A final ASX growth share to consider buying is REA Group. It is the dominant player in real estate listings in the Australian market. Which certainly is a great place to be right now thanks to the rebounding housing market. Combined with new revenue streams, flat costs, and potential price increases, REA Group looks well-placed to for growth in the coming years. Morgan Stanley is very bullish on the company. It currently has an overweight rating and $175.00 price target on its shares.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

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    *Returns as of February 15th 2021

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    Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Beat low interest rates with this outstanding ASX dividend share

    large goklden symbol of 5% representing yield of dividend shares

    While bond yields have been rising recently, it remains unlikely that interest rates will rise enough in the near term to make life easier for income investors.

    In fact, according to the latest Westpac Banking Corp (ASX: WBC) weekly economic report, the banking giant’s economics team expects the cash rate to remain at 0.1% until at least the end of 2022.

    Westpac has also ruled out rate hikes in the United States in the near term after an eventful week.

    It commented: “While we continue to believe that growth in the US will run at almost three times potential through much of this year and still be above potential during 2022, we do not see a taper of asset purchases until the second half of next year, and federal funds rate hikes for a long while after that given the severe excess capacity that needs to be put to work.”

    This is also expected to support the Australian dollar versus the US dollar, sending it above 80 U.S. cents by September and keeping it there until at least the start of 2023.

    It explained: “Along with the sentiment boost that the global recovery will bring, US policy developments are expected to see the Australian dollar uptrend of the past year remain in place into 2022.”

    In light of this, dividend shares look set to remains the best financial assets to generate a passive income with.

    But which ASX dividend share should you buy?

    One ASX dividend share which has been tipped as a buy is Westpac rival Australia and New Zealand Banking GrpLtd (ASX: ANZ)

    According to a recent note out of Morgans, its analysts currently have an add rating and $31.00 price target on the bank’s shares.

    In addition to this, the broker is forecasting a $1.45 per share fully franked dividend in FY 2021.

    Based on the current ANZ share price of $28.84, this means it offers income investors a fully franked 5% dividend yield.

    This is vastly superior to anything you’ll receive from ANZ or Westpac’s term deposits or savings accounts.

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 2 ETFs to buy in this tech sell off

    Exchange Traded Fund (ETF)

    There are a few exchange-traded funds (ETFs) that are dropping through this tech-led share market sell-off.

    Legendary investor Warren Buffett has a great quote about burgers, prices and shares. Gurufocus quoted my Buffett:

    A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.

    But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the “hamburgers” they will soon be buying.

    With that in mind, these two ETFs are quite a bit lower than a month ago.   

    iShares S&P 500 ETF (ASX: IVV)

    Warren Buffett himself is a big fan of S&P 500 funds because of the good long-term returns, diversification and the low management costs.

    This one on the ASX is offered by Blackrock for an annual management fee cost of just 0.04% per annum.

    Over the last month the iShares S&P 500 ETF has dropped by 4%.

    The S&P 500 gives investors exposure to the FAANG shares of Facebook, Apple, Amazon, Netflix and Google (now called Alphabet).

    There are also plenty of non-tech shares in the S&P 500 – there’s 500 names of course – but the biggest holdings include non-tech companies like Berkshire Hathaway, JPMorgan Chase, Johnson & Johnson, Walt Disney, United Health, Procter & Gamble, Bank of America, Home Depot and Exxon Mobil.

    As you’re probably aware, the S&P 500 has performed strongly in recent years because of the strength of the American share market, particularly the tech sector. Over the last five years, the iShares S&P 500 ETF has delivered net returns of 14.70% per annum.

    Betashares Asia Technology Tigers ETF (ASX: ASIA)

    This ETF is about giving investors exposure to the 50 biggest technology businesses in Asia, outside of Japan.

    Since 15 February 2021, the Betashares Asia Technology Tigers ETF has dropped around 14%.

    It is full of Asia’s tech powerhouses including Samsung, Taiwan Semiconductor Manufacturing, Tencent, Meituan, Alibaba, JD.com, Pinduoduo, Infosys, Netease and Sea.

    More than half of the portfolio is invested in businesses in China, but there are sizeable positions from countries like Taiwan, South Korea and India.

    It has an annual management fee of 0.67% and the net returns have been stronger than the ASX in recent years. Over the last year the ETF’s net return has been 69.6% and its net return has been an average of 36.5% per annum since inception in September 2018.

    BetaShares explains why this ETF is a very attractive growth opportunity with the following:

    Due to its younger, tech-savvy population, Asia is surpassing the West in terms of technological adoption and the sector is anticipated to remain a growth sector.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    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 February 15th 2021

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    Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended iShares Trust – iShares Core S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Top brokers name 3 ASX shares to buy next week

    finger pressing red button on keyboard labelled Buy

    Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

    Here’s why brokers think investors ought to buy them next week:

    A2 Milk Company Ltd (ASX: A2M)

    According to a note out of UBS, its analysts have retained their buy rating and lifted their price target on this infant formula company’s shares to NZ$16.00 (A$14.88). The broker expects the company’s daigou sales to recover over the next couple of years. This is expected to be supported by market share gains in the lucrative China market. The a2 Milk share price ended the week at $9.31.

    ARB Corporation Limited (ASX: ARB)

    Analysts at Citi have retained their buy rating and lifted the price target on this 4×4 accessories company’s shares to $45.15. According to the note, the broker sees positives from its acquisition of the UK-based Auto Styling Truckman Group for $40 million. Citi notes that the deal gives ARB access to a European market which currently only contributes a very small portion of its overall revenue. The broker has upgraded its earnings estimates to reflect the acquisition and lifted its price target accordingly. The ARB share price was fetching $33.23 at the end of play on Friday.

    Northern Star Resources Ltd (ASX: NST)

    Another note out of Citi reveals that its analysts have retained their buy rating but trimmed the price target on this gold miner’s shares to $13.50. The broker believes that the gold price has now peaked and has downgraded its forecasts for the precious metal accordingly. And while it suspects that gold miners will be out of favour with investors, it still sees value in Northern Star’s shares. This is thanks to its strong cash flow generation and upcoming developments. The Northern Star share price was trading at $9.56 at Friday’s close.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    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 February 15th 2021

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool Australia has recommended ARB Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Do the highest yielding dividend shares offer the best passive incomes?

    ASX dividend shares represented by cash in jeans back pocket

    Many investors may naturally be drawn to the highest yielding dividend shares when seeking to make a passive income. After all, they offer the greatest potential income return on a relative basis.

    However, it could be prudent to check their dividend affordability before buying them. While this does not guarantee that they will be able to make future dividend payouts, it can be a means of ruling out stocks that are clearly not able to afford their shareholder payouts.

    Similarly, assessing the growth potential of a company’s dividend can be a sound move. It may allow an investor to obtain a growing passive income in the long run.

    Assessing affordability when buying dividend shares

    The affordability of shareholder payouts can be assessed in a couple of different ways. For example, dividend shares can be analysed in this regard by comparing their net profits with shareholder payouts. A company that has a large amount of headroom when making dividend payments may be less likely to run into trouble when trying to pay them in future.

    Meanwhile, an assessment of a company’s wider financial situation can provide an insight into the affordability of its dividends. For example, considering its debt levels and interest cover, in terms of how many times it could service debt out of operating profit, may build a picture of its financial strength. Similarly, companies that have a long and reliable track record of dividend payouts may be less likely to cut them in future.

    All of these factors, when combined, can provide an insight into the reliability of dividend shares. It may lead an investor to avoid the highest yielding stocks in favour of more reliable opportunities that have lower yields.

    Dividend growth opportunities

    As well as a high and reliable yield, buying dividend shares that can grow shareholder payouts at a fast pace could be a shrewd move. They may be able to deliver a rising passive income over the long run that has a more positive impact on an investor’s financial situation compared to a high initial yield that fails to grow at a fast pace over the coming years.

    Assessing the prospect of dividend growth is very subjective. It is closely tied to the financial performance of a business, in terms of how quickly its profitability can grow. Therefore, analysing its strategy, forecasts and competitive advantage could act as a guide, rather than a definitive answer, to the question of its dividend growth potential.

    Despite the subjective nature of assessing the growth potential of dividend shares, the process can help an investor to avoid potentially unattractive stocks. Although this does not mean a complete avoidance of companies that may struggle to raise dividends in the coming years, it could improve an investor’s risk/reward ratio so that they are more likely to enjoy a high and growing passive income in the long run.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    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 February 15th 2021

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    Motley Fool contributor Peter Stephens has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • These small cap ASX shares could be ones to watch in 2021

    Investor sitting in front of multiple screens watching share prices

    Would you like to add some small cap shares to your portfolio this month? If you would, then you may want to get better acquainted with the ones listed below.

    Here’s why these small cap ASX shares could be the ones to watch:

    Alcidion Group Ltd (ASX: ALC)

    The first small cap to watch is Alcidion. It is an informatics solutions company that provides software that has been designed to improve the efficacy and cost of delivering services to patients and reduce hospital-acquired complications.

    Last month Alcidion released its half year results and reported a 36% increase in revenue to $11.1 million. In addition to this, it revealed that a further $23 million of sold revenue will be recognised over the next five years from FY 2022 to FY 2026.

    Since then, the company has announced another potentially important contract with New Zealand’s Te Manawa Taki region District Health Boards for a pilot implementation of Better’s OPENeP Electronic Medication Management solution.

    All in all, Alcidion looks well-placed to benefit from the digitisation of the healthcare sector over the next decade.

    CleanSpace Holdings Limited (ASX: CSX)

    Another small cap ASX share to watch is CleanSpace. It is a designer, manufacturer, and seller of workplace respiratory protection equipment (RPE) for healthcare and industrial end markets.

    CleanSpace listed on the Australian share market late last year, raising $20 million to support its growth plans. This includes building on the adoption of CleanSpace products in the healthcare and industrial markets, product development, expanding awareness, and entering new international markets.

    It recently released a very strong first half result. It revealed revenue of $39.7 million and EBITDA of $20.1 million. This was up from revenue of $7.3 million and an operating loss of $1.9 million a year earlier. It was also 25% and 72.6% higher, respectively, than management’s forecast. Positively, this is still well short of its addressable market of US$6.3 billion.

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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 Alcidion Group Ltd. The Motley Fool Australia has recommended Alcidion Group Ltd and CleanSpace Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    The post These small cap ASX shares could be ones to watch in 2021 appeared first on The Motley Fool Australia.

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