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Why top fund managers like these 3 fast growing ASX tech stocks

By
Bruce Jackson
-
May 3, 2018

The Australian stock market may not be home to popular companies like Netflix, Facebook, Apple and Amazon, but the ASX does have a numbers of fast growing tech stocks that you could consider adding to your portfolio.
These 3 ASX technology stocks are amongst the favourites of some highly rated small cap fund managers.
Nearmap

Nearmap Ltd (ASX:NEA) is an aerial imagery company. It captures 88 per cent of Australia’s population up to 6 times per year, and 67 per cent of the US’s population
up to 3 times per year.
The Ausbil MicroCap Fund fund is a holder of the shares. In its March 2018 quarterly performance report, Ausbil noted Nearmap was a standout performer for the Fund in the March quarter, the Nearmap share price gaining 61 per cent.
“The business offers extremely high gross margins and is highly scalable and cash generative. Nearmap is now seeking to replicate this success in the substantially larger market of the US. Increased confidence in the potential of the US operations and visibility on the break-even point underpinned the significant re-rating in the shares.”
As at the end of March, Nearmap was the 7th largest position in the Fund. Nearmap was one of the big winners from the February reporting season.

https://thecapitalclub.com.au/2018/...rs-like-these-3-fast-growing-asx-tech-stocks/


3 exciting small cap tech shares to watch

By
James Mickleboro
-
May 21, 2018

Nearmap Ltd (ASX:NEA)
Nearmap is a geospatial map technology provider that has been on fire over the last 12 months. Its share price has risen a considerable 72% during this time thanks largely to its recent quarterly update. That update revealed an increase in its US annualised contract value ahead of even the most bullish expectations. While it is early days, if the company can continue to grow strongly in the U.S. market then it could have a very bright future ahead of it.

https://thecapitalclub.com.au/2018/05/21/3-exciting-small-cap-tech-shares-to-watch/