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Looking for bargain buys on the ASX? Well, you’ve come to the right place. With the S&P/ASX 200 Index (ASX: XJO) sitting pretty close to the post-March highs we saw last week, it isn’t an easy thing to find cheap ASX shares right now. But they are out there, you just have to look, and be prepared to bet against the crowd. So, with that in mind, here are 2 ASX shares that I think are bargain buys for ASX investors today.

2 ‘bargain buy’ ASX shares

Telstra Corporation Ltd (ASX: TLS)

Telstra is our first cheap ASX share to consider today. The Telstra share price has been down-trending for a couple of months now, ever since the company released its FY2020 earnings report back in August. Telstra shares were going for $3.39 the day before these earnings came out. The day after? $3.13. Today, the Telstra share price is just $2.85 (at the time of writing).

Why this sudden drop? Well, Telstra implied in that earnings report that its earnings wouldn’t be sufficient to sustain its current 16 cents per share annual dividend in FY2021. As a telco and dividend payer, Telstra is usually sought after by income investors. As such, speculation that a dividend cut is on the cards prompted a lot of selling pressure.

But during the company’s annual general meeting last week, Telstra’s management appeared to walk away from contemplating a dividend cut, promising investors that, “[Telstra], if necessary is prepared to temporarily exceed our capital management framework principle of paying an ordinary dividend of 70- 90% of underlying earnings to maintain a 16c dividend.”

However, since this announcement, the Telstra share price has barely budged. As such, I think this telco is a bargain buy today, especially considering a 16 cents per share dividend would give Telstra shares a fully franked, forward dividend yield of 5.61% on current pricing.

WAM Global Ltd (ASX: WGB)

WAM Global is our second bargain buy today. This company is actually a listed investment company (LIC), which means it acts more like a managed fund than a company — buying and selling shares on behalf of its investors. In WAM Global’s case, the company looks for undervalued growth shares from around the world (hence the name). As of 30 September, some of its holdings include Tencent Holdings, Hasbro and Microsoft.

The reason I think WAM Global is an ASX bargain buy today is because, as an LIC, WAM Global publishes the value of its assets every month. And as of 30 September, the company reported that its assets are worth approximately $2.43 a share. That looks pretty good considering the current WAM Global share price is just $2.16 (at the time of writing). That’s a 12% discount right there, which isn’t a bad deal in today’s market.

WAM founder Geoff Wilson clearly thinks so too. ASX records show Mr Wilson has been buying WAM Global shares hand over fist over the past few weeks. You don’t often get hints like this in the investing world. As such, I think this company is also a big ASX bargain buy today

More reading

• Is Apple’s iPhone 12 good news for the Telstra (ASX:TLS) share price?
• 3 small cap ASX dividend giants
• ASX 200 Weekly Wrap: Promises of easy money push ASX 200 to post-crash high
• 5 things to watch on the ASX 200 on Monday
• Top brokers name 3 ASX shares to buy next week

Motley Fool contributor Sebastian Bowen owns shares of Telstra Limited and WAMGLOBAL FPO. The Motley Fool Australia owns shares of and has recommended Telstra Limited. 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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The Crown Resorts Ltd (ASX: CWN) share price has started the week in terrible form and is sinking notably lower on Monday.

At one stage today the casino and resorts operator’s shares were down over 10% to $8.06.

The Crown share price has recovered a touch since then, but remains the worst performer on the S&P/ASX 200 Index (ASX: XJO) with an 8% decline to $8.25.

Why is the Crown share price crashing lower today?

Investors have been selling Crown’s shares on Monday after the release of an announcement this morning.

As you might have guessed from its share price reaction, it wasn’t a positive one. Crown revealed that AUSTRAC has been in contact with it in relation to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

According to the release, the government financial intelligence agency has informed the company that it has identified potential non-compliance by Crown Melbourne with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and the Anti-Money Laundering and Counter-Terrorism Financing Rules 2007.

What is Crown alleged to have done?

The release explains that the potential non-compliance includes concerns in relation to ongoing customer due diligence.

In addition to this, there are concerns over its adoption, maintenance and compliance with an anti-money laundering and counter-terrorism financing program.

The company notes that these concerns were identified in the course of a compliance assessment that commenced in September 2019 and focused on Crown Melbourne’s management of customers identified as high risk and politically exposed persons.

What now?

Management revealed that the matter has been referred to AUSTRAC’s Enforcement Team, which has initiated a formal enforcement investigation into Crown Melbourne’s compliance.

It advised that Crown Melbourne will respond to all information requests in support of the investigation and intends to fully co-operate with AUSTRAC in relation to this process.

More reading

• ASX 200 up 1%: Crown sinks on AUSTRAC news, South32 & CIMIC storm higher
• Why Cleanaway, Crown, Opthea, & Zoono shares are sinking lower today
• Why the SKYCITY share price jumped 23% in September
• The ASX stocks most leveraged to the Victorian economy re-start
• 4 ASX shares rated as strong buys by brokers

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Crown Resorts Limited. 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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Fintech company Ioupay Ltd (ASX: IOU)’s share price is going skywards today, up 44% in late afternoon trading.

As you’d expect with this kind of price action, the big share price leap earned the company a price query from the ASX earlier today. That query noted that Ioupay’s share price had leapt from a low of 15 cents per share to a high of 23 cents today, a swing of more than 53% at that time, though shares have retraced a tad later in the day.

The ASX also noted a significant increase in the volume of shares trading from 16 October through to today. That comes as the Ioupay share price has rocketed 115% since Thursday’s closing bell to the current 22 cents per share.

If you haven’t heard of Ioupay yet, you’re not alone. The company only listed on the ASX last month, on 21 September. Since listing the share price is up 207%.

For comparison, the All Ordinaries Index (ASX: XAO) is up 7% over that same time.

What does Ioupay do?

Ioupay is a fintech and digital commerce software solutions and services provider. The company’s technology platform enables institutional clients to authenticate end-user customers and process financial transactions securely using any mobile device.

Its 3 business divisions – mobile banking, digital payments, and digital services – service Malaysia’s top 20 banks as well as telcos and other corporations in Malaysia and Indonesia.

How did Ioupay respond to the ASX price query?

Investors hoping for clear insight into today’s initial 53% Ioupay share price leap will be disappointed.

The company replied to the ASX price query saying it was not aware of any explanation for the increased share price that has not been announced to the market. Ioupay did go on to say:

However, it is the view of the Board that shareholders may be speculating on the impact of the 249D Shareholder Meeting being held on 6 November 2020, the Board asserts that it would have an impact on shareholder sentiment and potentially drive the price and volume movements.

We Fools don’t have any insight into what the 6 November shareholder meeting will reveal. But with Ioupay’s 53% speculative share price gains from this morning in mind, we’ll be marking that date on our calendar.

More reading

• Why the Crown (ASX:CWN) share price crashed 10% lower today
• Here’s why the Viva Leisure (ASX:VVA) share price has shot up 7% today
• The Redbubble (ASX:RBL) share price is up over 400% in 2020: Can it go even higher?
• JB Hi-Fi (ASX:JBH) share price testing all-time high today 
• 2 ASX growth shares I would buy with $2,000 today

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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The Viva Leisure Ltd (ASX: VVA) share price is going gangbusters today following a number of positive announcements out of the company.

At the time of writing, the health club operator’s shares are at $2.96, up 7.64%. 

Milestone achievement

According to the release, Viva has reached a significant membership milestone of 100,000 members. The company said the new record excludes the Plus Fitness network of members, which remains at roughly 175,000 members. This brings the total group membership (direct and network) to 275,000 members.

Group performance

In Victoria, the health clubs have remained closed as per government direction, but hope to open up when third step restrictions are attained. Viva’s Victorian business represents 9% of the total clubs owned and 6% of its membership base.

Across the border, Viva’s New South Wales locations have been operating with gym marshals, which have meant the company has incurred additional expenses. The reduced operating hours have halted the return of some members seeking all-hours access to the health club, however the company is expecting a large portion of these members to return this month.

In ACT and Queensland, Viva noted it is seeing net growth each month as restrictions are being lifted.

Of Viva’s 86 health clubs, the company said 10 are currently undergoing development. A further 5 clubs are scheduled to commence fit-out before the end of the year.

Viva also reported that its membership visits have rebounded strongly, with 552,871 visits in the month of September. This eclipsed January and February levels, which saw approximately 450,000 member visits.

In addition, Viva advised its Plus Fitness business is performing well with two new locations open in Sydney, and another 16 facilities scheduled to open in FY21.

Acquisitions update

Early this month, Viva acquired FitHQ in Campbelltown, Sydney, which added 1,500 new members to its client base. The company will look to rebrand the club and refit with new equipment.

Three additional locations are being pursued, and if completed, will count another 2,200 members.

In today’s release, Viva highlighted that the COVID-19 pandemic has created an opportunity to acquire more smaller single and multi-club operators.

Management commentary

Viva CEO and managing director Mr Harry Konstantinou commented on the robust result achieved during the tough economic climate:

As we eagerly wait to re-open our doors in Victoria, the rest of our locations around the country are currently performing positively. September saw the largest amount of new member signups in our history, and October is currently trending to beat that figure.

In February 2020, prior to the pandemic, each of our clubs averaged 6,015 member visits per month, and this has increased to 6,428 visits per month per club in September, a significant increase which is building a strong platform for continued growth as members and the general community understand the benefits of a healthy body and mind.

More reading

• The Redbubble (ASX:RBL) share price is up over 400% in 2020: Can it go even higher?
• JB Hi-Fi (ASX:JBH) share price testing all-time high today 
• 2 ASX growth shares I would buy with $2,000 today
• Are ANZ (ASX:ANZ) shares a buy for dividend income today?
• Why Unibail’s (ASX:URW) $15 billion reset plan could come unravelled

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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The Redbubble Ltd (ASX: RBL) share price has been an incredible performer in 2020.

Since the start of the year, the ecommerce company’s shares have risen an incredible 410% from $1.10 to $5.62.

This has been driven by the accelerating shift to online shopping during the pandemic, which has underpinned Redbubble’s explosive sales and profit growth.

Can the Redbubble share price go higher?

One leading broker that believes the Redbubble share price can go higher from here is Goldman Sachs.

According to a note out of the investment bank, following the release of its strong first quarter update, its analysts have retained their buy rating and lifted their price target to $6.25.

This price target implies potential upside of 11% for its shares over the next 12 months.

Why is Goldman bullish on Redbubble?

Goldman Sachs was impressed with its performance in the first quarter. Especially given how its growth is no longer being underpinned predominantly by face mask sales.

The broker commented: “Marketplace revenue was in line with GSe but strong gross margins were the positive surprise. RBL delivered 116% marketplace revenue growth in 1Q21 despite face mask revenue reducing as a percentage of total revenue through the quarter (27% in July to 14% in September).”

Its analysts believe this “implies a broadening contribution to growth across a range of categories, noting that Homewares, Artwork and Accessories all grew by >100% yoy in the quarter.”

What else did Goldman Sachs say?

The broker notes that the broadening of its product range is a big positive, as it increases the company’s total addressable market.

It also sees potential for greater repeat usage and operating leverage to boost its profitability.

Its analysts explained: “We remain Buy rated on RBL driven by: (1) expansion of its TAM through continued broadening of its product categories, (2) potential growth from increasing repeat usage on its platform (still relatively low at <1.5x p.a.), (3) further operating leverage as we expect RBL to manage cost growth well below revenue growth over our forecast period (we forecast opex to grow at a 7% CAGR FY20-FY23E vs. a marketplace revenue CAGR of 18% driving EBIT margins from 1.2% in FY20 to 11.3% in FY23E and an EBIT CAGR of 151%).”

More reading

• This is where I’d invest $1,000 right now into ASX tech shares
• Is the Redbubble Ltd (ASX: RBL) share price a buy after soaring 30% this week?
• Brokers name 3 ASX shares to buy right now
• Why Beacon Lighting, Medibank, Redbubble, & Tyro shares are racing higher today
• How this fund manager’s 60% UP in the year of COVID-19

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. 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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JB Hi-Fi Limited (ASX: JBH) is arguably one of Australia’s favourite retail brands. Both its high street shopfronts and online stores are popular with shoppers. Therefore, it may come as little surprise that the JB Hi-Fi share price is testing its all-time high again today. 

JB Hi-Fi share price performance

After reaching a high of $52.88 in August this year, the JB share price then retreated back down to around the $46 to $47 mark by the middle of September. After remaining at these levels through until early October, the retail giant’s shares again began climbing. This culminated in the JB Hi-Fi share price briefly breaching its all-time high in intraday trading today when it reached $52.99, before falling back to its current level of $52.54 at the time of writing. 

JB Hi-Fi shares have had an impressive run in 2020, rising almost 40% since the start of the year. Not to mention, following the coronavirus crash this year, the JB Hi-Fi share price is up more than 150% since those March lows. 

Normally, the lead up to Christmas is a bumper time for JB Hi-Fi. If the company’s share price does manage to break through its all-time high and remain there prior to the holiday period, I think we could see more bullish moves to come. The last time the JB Hi-Fi share price exceeded its previous all-time high, it went on to secure an almost 15% gain in under two weeks. 

Outperforming in its space

Another point to note about JB Hi-Fi’s share price performance is that its 12 month return stands at 53.5%.

This is considerably higher than the average for the industry in which JB operates. On the ASX, JB Hi-Fi is considered to be in the ‘AU Specialty Retail’ industry, which has only returned an average of 19.6% over the same 12-month period.

While not the ‘be all and end all’ of measures, it certainly suggests that JB Hi-Fi has outperformed a significant portion of its peers within the same industry.

Dividend yield

Although not widely considered a major drawcard for investors in JB Hi-Fi shares, I also think it’s worth mentioning the company’s dividend yield.

For more than 10 years now, JB Hi-Fi has paid investors a stable dividend yield of above 3%. It should be noted, though, that 2018 and 2019 saw a slightly higher yield than in 2020.

Dividend yields aren’t typically considered to be an important attribute for growth shares. However, I do like to take a dividend yield into account since, in the end, it all adds up for an investor.

Levels to watch 

The important level to watch for the JB Hi-Fi share price is $52.88.

A break and close above this level will be considered to be a new all-time high for the company. Failing to break this level, or getting rejected here, could see the JB Hi-Fi share price continue to bounce between $52 and $46, where it has been for the past 30 to 60 days.

More reading

• Is it time to go all in on ASX shares?
• 3 ASX growth shares that I would buy in 2020
• Revealed: ASX Christmas winners and losers
• 3 unstoppable ASX shares to buy with $3,000
• Why this Federal Budget is good for many ASX shares

Motley Fool contributor glennleese has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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One thing the Australian share market isn’t short of is growth shares. At present there are a good number of companies that have been growing their sales and earnings at a strong rate over the last few years.

Two top ASX growth shares which I expect to continue doing this for many years to come are listed below. Here’s why I think it could be a great idea to invest $2,000 across these shares:

Aristocrat Leisure Limited (ASX: ALL)

Aristocrat Leisure is one of the world’s leading gaming technology company. It is responsible for many of the most popular poker machines that you’ll find in casinos and gaming venues across the world. It also has a rapidly growing digital business which has millions of daily active users on mobile devices generating significant recurring revenues.

Among its most popular digital games are Heart of Vegas, Cashman Casino Slots, and Raid: Shadow Legends. The latter comes from its Plarium business, which is focused on regular freemium mobile and social games, rather than gambling. While FY 2020 has been hit hard by the pandemic, I believe the stage is set for a big rebound in its growth in FY 2021.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share I would buy is Domino’s. It is one of the largest operators of Domino’s restaurants globally and is the master franchise holder in Australia, New Zealand, Belgium, France, the Netherlands, Japan, Germany, Luxembourg, and Denmark. I think it could be a great place to invest these funds due to its strong brand, bold expansion plans, and its investment in new technology. It is thanks partly to the latter that Domino’s has been so successful. Over the last few years the company has embraced the shift to online ordering and developed a fantastic app and website. The popularity of its technology led to Domino’s online sales growing 21.4% in FY 2020 to $2,357 million. This means they now represent over 72% of its total sales.

In respect to its expansion plans, Domino’s is aiming grow its network to 5,500 stores by 2033. This is more than double its network of 2,668 stores in FY 2020. Importantly, this is based on its current territories and doesn’t include potential geographic expansion. Which, based on its track record, is a real possibility in the future.

More reading

• Invest like Warren Buffett and buy and hold these fantastic ASX shares
• 3 ASX growth shares that I would buy in 2020
• Top ASX tech shares to buy in October 2020
• 3 excellent ASX growth shares to invest $3,000 immediately
• Top brokers name 3 ASX shares to sell next week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Domino’s Pizza Enterprises Limited. 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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The Australia and New Zealand Banking Group (ASX: ANZ) share price is having a great day today. At the time of writing, ANZ shares are up 1.14% to $19.53. Sure, this ASX bank is still down more than 20% year to date and is trading at the same levels as it was back in September 2011. But it’s also up close to 40% from its March lows if we try and stay on the bright side of life.

So seeing as ANZ is still looking relatively cheap from a historical standpoint, is the ANZ share price a buy today?

A cheap ASX banking share?

Looking at how ANZ is being priced right now, I do think a deep look into the company is merited. With a price-to-earnings (P/E) ratio of 13.3 on current pricing, ANZ is the cheapest ASX bank out of the big four. In contrast, Commonwealth Bank of Australia (ASX: CBA) is currently on a P/E ratio of 17.15, National Australia Bank Ltd (ASX: NAB) is on 17.48 and Westpac Banking Corp (ASX: WBC) is on 14.17.

But no one buys ASX bank shares on P/E alone (at least that I know of), so let’s drill down to the real reason ASX investors tend to go for banks: dividend income.

As you might know, 2020 has been a truly dismal year for ASX bank shareholders. Not only have the banks’ share prices been smashed this year, the once-plentiful dividend streams have flirted with the way of the dodo.

Are ANZ shares an ASX dividend buy today?

Unlike Westpac, ANZ has actually paid a dividend in 2020 – a fully franked 25 cents per share interim dividend that was paid out last month. However, this does pale in comparison to the double set of 80 cents per share payouts that ANZ investors received last year.

That’s not entirely ANZ’s fault. The banking regulator APRA has ‘instructed’ ASX banks to limit their dividend payouts to 50% of their earnings in order to maintain the stability of the financial sector. The 25 cents per share ANZ dividend represented approximately 46% of the banks’ earnings, so we can’t really blame ANZ for that one.

But what of the future?

Well, if we assume ANZ is able to pay two 25 cents per share dividends in 2021, it would indicate a forward dividend yield of 2.56% (or 3.66% grossed-up if fully franked). If APRA lifts this dividend cap, and ANZ manages to keep earnings stable next year and pays out 75% of its earnings (as was common pre-2020), you could expect a rough forward yield of 3.85%. But take that with a handful of salt, because there are a lot of variables there.

Foolish takeaway

Looking at ANZ, I can’t help but think that there are better options for dividend income on the ASX out there today. Sure, a 2.56% yield isn’t nothing. But personally, I would rather go with one of the many ASX dividend shares out there with more certain futures, and higher yields today.

More reading

• 3 small cap ASX dividend giants
• ASX 200 Weekly Wrap: Promises of easy money push ASX 200 to post-crash high
• How to make $50,000 of passive income with ASX dividends
• ASX 200 flat: Rio Tinto Q3 update, big four banks higher, GUD impresses
• Are Commonwealth Bank (ASX:CBA) shares an ASX dividend buy today?

Motley Fool contributor Sebastian Bowen owns shares of National Australia Bank Limited. The Motley Fool Australia has no position in any of the stocks mentioned. 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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Just over a month ago, on 17 September, Unibail Rodamco Westfield (ASX: URW) released the details of its ambitious reset plan.

In order to reduce its sizeable debt pile, the commercial real estate behemoth’s 9 billion euro (AU$14.9 billion) plan includes the intent to complete 4 billion euros worth of office and retail asset sales by the end of 2021.

While that and other parts of the plan remain intact, Unibail’s 3.5 billion euro capital raising, which it intends to use to immediately pay down its debt obligations, could be in jeopardy.

As the Australian Financial Review reports, a “group of activist investors, including French telco billionaire Xavier Niel, is determined to derail” the capital raising.

Together the activists hold a 4.1% stake in the company. And they’re encouraging other shareholders to vote against the capital raising at the 10 November meeting. Advocating “Refocus not RESET”, the group wants to see Unibail sell its US assets rather than issue more shares.

In an online post, the activist group commented: 

URW’s problems are primarily a consequence of its acquisition of Westfield in 2018. Since the transaction’s announcement on 12 December 2017, the company’s share price collapsed 86%… The transaction was the wrong move, at the wrong time and at the wrong price. Moreover, it burdened the company with debt, distracted management and was a gross misallocation of resources… Consequently, URW entered the Covid-19 pandemic and ensuing crisis in a weakened and vulnerable position. It has since been disproportionately affected.

What does Unibail Rodamco Westfield do?

Unibail counts among Europe’s largest commercial real estate companies, owning retail and office complexes. It has assets in Europe, the United Kingdom and the United States of America.

Unibail acquired Australian shopping centre operator Westfield Corporation, created by the split of Westfield Group, in 2018. This saw Unibail shares first listing on the S&P/ASX 200 Index (ASX: XJO).

How has Unibail’s share price responded since it announced the reset plan?

On the day it announced the reset plan, Unibail’s share price slid to 52-week lows. And it kept on sliding, losing 20% from 17 September through to 2 October.

Since then the share price has turned around sharply, up more than 38%. That puts the share price up 5% from where it was on 16 September, the day before the reset plan was released.

With that in mind, the French activist investors may find less support from Unibail Rodamco’s other shareholders to block the planned capital raising than they’re hoping.

More reading

• ASX 200 Weekly Wrap: Promises of easy money push ASX 200 to post-crash high
• These were the best performing shares on the ASX 200 last week
• The Medibank (ASX:MPL) share price rockets on broker upgrade
• ASX 200 flat: Rio Tinto Q3 update, big four banks higher, GUD impresses
• The Unibail (ASX:URW) share price is climbing today. Here’s why.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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If you’re looking for some exposure to the small side of the market, then you might want to take a look at the shares listed below.

I believe they are among the best options for small cap investors and could be destined for big things in the future. Here’s why I believe they are worth watching:

MNF Group Ltd (ASX: MNF)

The first small cap ASX share to look at is MNF Group. It is a leading provider of Voice over Internet Protocol (VoIP) technology to businesses and consumers. VoIP technology is used to convert analogue audio signals into digital data so you can use a telephone over the internet. Given the NBN rollout and the work from home initiative, demand for VoIP services has been growing very strongly.

This led to MNF delivering a 27% increase in recurring revenue to $101.5 million in FY 2020. It also experienced a 17% increase in phone numbers on its network to 4.5 million. This bodes well for FY 2021, as this metric is a key performance indicator for future growth. The good news is that I don’t believe this is a one-off. I remain confident the pandemic has accelerated a structural shift that MNF is in a strong position to benefit from. This could make its shares long term market beaters.

Volpara Health Technologies Ltd (ASX: VHT)

Another small cap ASX share to look at is New Zealand-based healthcare technology company, Volpara. It is the company behind the VolparaEnterprise software solution. This product is a cost-effective, mission-critical tool that helps clinics deliver the highest-quality breast imaging services. The company also has other add-on solutions that work with VolparaEnterprise. These include VolparaDensity, VolparaDose, VolparaPressure, VolparaLive, and VolparaPositioning.

It is because of these extra products that management expects its average revenue per user (ARPU) metric to grow materially in the future. In the second quarter, Volpara revealed an ARPU of US$1.16. However, it is aiming to get this to US$10 in the future for its full product suite. Combined with market share gains and potential geographic expansion, I believe the future is very bright for Volpara.

More reading

• 3 exciting small cap ASX shares that ought to be on your watchlist
• Volpara (ASX:VHT) share price jumps 5% up after business update
• 3 small cap ASX healthcare shares to watch closely in the 2020s
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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 VOLPARA FPO NZ. The Motley Fool Australia owns shares of and has recommended MNF Group Limited. The Motley Fool Australia has recommended VOLPARA FPO NZ. 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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