3 under the radar small cap ASX shares to watch

Pointerra Ltd (ASX:3DP) and these small cap ASX shares could be worth watching very closely in 2021. Here’s what you need to know…
The post 3 under the radar small cap ASX shares to watch appeared first on The Motley Fool Australia. –

ASX share price on watch represented by surprised man with binoculars

At the small end of the Australian share market, there are a number of companies with the potential to grow materially in the future.

Three that investors might want to keep a close eye on are listed below. Here’s what you need to know about them:

IntelliHR Ltd (ASX: IHR)

The first small cap ASX share to watch is IntelliHR. It is a cloud-based human resources and people management platform provider. Last month IntelliHR released a trading update which revealed that its expansion into the United Kingdom was going exceptionally well. Thanks partly to this, at the end of April the company’s annual recurring revenue (ARR) had reached $3.55 million. This was double what it reported a year earlier. Positively, the company looks well-placed to continue its solid growth in the coming years thanks to the shift to the cloud and the quality of its software.

PlaySide Studios Limited (ASX: PLY)

Another small cap ASX share to watch is PlaySide Studios. It is a growing independent video game developer with an expanding portfolio of games. These include games based on its own original intellectual property and those through licensing deals with Hollywood studios such as Disney. During the first half of FY 2021, PlaySide reported record first half sales revenue of $5 million. This was up 63% on the prior corresponding period. Pleasingly, this is just a very small slice of its global market opportunity. Management estimates that it has a US$159 billion global addressable market, which gives it a very long runway for growth.

SILK Laser Australia Limited (ASX: SLA)

A final small cap ASX share to watch is SILK Laser. It is a laser, skin care, and cosmetic injections company that has been performing very strongly in FY 2021. In February, SILK Laser released its half year results and revealed a 62% increase in network sales to $44.9 million. Things were even better on the bottom line, with net profit growing 305% to $4.7 million. Positively, this strong form is expected to continue in the second half. Looking further ahead, management sees plenty of opportunities to expand its network to drive growth. At present, SILK has a total of 56 clinics in operation, but management intends to grow its network by 6 to 10 new clinics per annum up to a total of approximately 150 clinics.

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.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

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.

The post 3 under the radar small cap ASX shares to watch appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!