Growth stock picks from 2019
At the end of last year we recommended four growth stocks across a range of market factors. In the table we review the factor, the stock, the entry and exit price and the percentage return for each stock pick. The stocks have collectively performed well, although the ASX 200 has risen 21.2% over the same period, so we’re not getting too carried away.
As we look ahead to the next 12 months we’ve picked another three stocks, this time focusing on growth, value and momentum. Grab your 2020 edition by becoming a member today!
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How our small caps went last year
Back at the tail end of 2019 we wrote of the three small cap stock to watch in 2019. As 2019 draws to a close, it is a good idea to look and see how we are going.
First up Adriatic Metals (ADT) recommended as a polymetallic explorer in an interesting part of the world, Bosnia. It is currently trading at around 130c nearly doubling in a year. The reason is the company continues to progress its Vares project with a recent positive scoping study and a cheap valuation given multiples that others have achieved for takeovers from a bigger player. The company has raised more money at 100c and unveiled plans to list on the London Stock Exchange. Will continue to hold this one for more upside as the project timeline continues to move towards DFS and ultimately production.
Next recommendation was Afterpay (APT). Much progress has been made by the team at APT this year with its push into the US starting to gain significant traction. It has now doubled and some its Market cap since we recommended it last year. Not a bad return again for anyone following our recommendations in the small cap space. Now capped at nearly $8bn. The latest business update shows the progress. It now has 6.1m customers and is growing at 15k a day. Underlying sales of $2.7bn up 110% on pcp. 400,000 active merchants and a significant recent agreement with Mastercard in ANZ. The US has 2.6m customers and merchant sales of $0.7bn and is pushing into the UK too. The ride has not been without volatility but this is still the clear leader in the sector and very happy to hold especially after the recent update takes some risk off the table. Not without regulatory risks but the US is a grand prize and is starting to pay off.
Last was MGM Wireless (MWR). Has not gone anywhere really. Some volatility on the year but somewhat disappointing. Probably better places to be. The SPACETALK kids smart phone is on sale in more retail outlets but still feel that the competition is nipping at its heels and sales have not been stellar. Maybe time to move on.
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Disclaimer – Note: Information contained in our eBooks are general in nature only. It does not take into account your personal financial situation, needs or objectives. Nor does it take into account the financial needs of any specific person. You should consider your own personal financial situation and needs or seek financial advice before making any decisions based on this information. Past performance is not a reliable indicator of future performance. Terms & Condition’s apply.
