Insights

These 2 ASX small cap shares just hit 52-week highs

2 ASX small cap shares, Eureka Group Holdings Ltd (ASX: EGH) and Healthia Ltd (ASX: HLA), are trading at 52 week highs. We take a closer look.
The post These 2 ASX small cap shares just hit 52-week highs appeared first on The Motley Fool Australia. –

ASX shares new high represented by boy standing on ladder against the backdrop of a cloudy sky

Some investors may not have heard of ASX small cap shares Eureka Group Holdings Ltd (ASX: EGH) or Healthia Ltd (ASX: HLA), but both companies’ share prices are currently trading at or near their 52-week highs.

The Eureka share price is currently trading higher by 3% to at 48 cents — its 52-week high.

The Healthia share price, meanwhile, touched its all-time high of $1.64 earlier today. It has since retreated to the current price of $1.55, up by 1.3%.

Let’s take a quick look at what’s been driving the share prices.

Eureka Group

Eureka Group is a provider of quality and affordable rental accommodation for independent seniors within a community environment. It owns 30 villages and manages a further nine villages with a total of more than 2,000 residences across Queensland, Tasmania, South Australia, Victoria, and New South Wales.

In FY20, Eureka delivered across all key financial metrics over the previous year.

It reported a net profit after tax (NPAT) of $8.10 million, compared to $6.79 million in FY19. Its underlying earnings before interest, tax and depreciation (EBITDA) was $8.70 million, up 11%. Meanwhile, earnings per share was 3.52 cents, up 19%.

But the company didn’t stop there. In its annual general meeting held in November 2020, Eureka issued an EBITDA guidance of $9.8 million to $10.2 million for FY21, which equates to a 21% to 26% growth over the prior corresponding period.

At that time, the company advised that its occupancy has remained above 95%. In addition, it was still considering offloading non-core assets, which would provide the funds for organic growth and the acquisition opportunities that the company is targeting.

Eureka commands a market cap of $105 million.

Healthia

Healthia is a small cap ASX share that is an integrated group of health businesses which includes My FootDr (a podiatry business), Allsports Physiotherapy, Extend Rehabilitation, iOrthotics (a 3D printing orthotic devices business), and DBS Medical Supplies (a podiatry equipment business).

In its full FY20 results, the company reported a 40% increase in underlying revenue, while its underlying EBITDA grew 47.6%.The company also reported a 22% bottom line increase in underlying net profit.

Healthia has identified acquisitions to be the main focus for its growth, given the fragmented market in the health industry. In its most recent round of acquisitions, Healthia purchased The Optical Company for $43 million, and the North Queensland Physiotherapy Centre for $1.34 million.

It commands a market cap of $135 million.

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 June 30th

More reading

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

The post These 2 ASX small cap shares just hit 52-week highs 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!