6 ASX stocks you forgot were listed

Here are 6 ASX stocks you forgot were listed

Brisbane Broncos (ASX:BBL)

No it is not a mistake. This $88.4m company is none other than Brisbane’s first NRL team. And while it is no ASX 200 company, the Red Hill-based team made $75.2m in revenue (up 26%) and a $5.6m post-tax profit (up 74%) in CY23. In the first half of CY24, the company expects a profit of $6.3m. Aiding the Broncos’ cause were crowds averaging 41,175 over the first 8 home games of the year, compared to 35,100 the year before. Investors have been told that results for the full-year should increase compared to the prior period, although several unpredictable factors would influence the results including ‘commercial opportunities as a result of team performance’ (read: sponsorship), and player medical costs.

Love Group

This $5.5m penny stock has dating apps including Lovestruck and Ever. The latter brand is a new app, being launched in Singapore in FY24 and into Hong Kong and the UK in FY25. Ever is powered by a proprietary matching tool that delves into 26 constructs encompassing various aspects of personality, attachment, love styles, idealistic distortion, self-care, self-esteem, narcissism, social justice and others. While its market capitalisation remains low, the share price is in positive territory over the last 12 months. That’s more than can be said for many dating app stocks such as Match.com (NDQ:MTCH), which are struggling as desperate singles turn back to the real world to find love.

National Stock Exchange (ASX:NSX)

Yes, Australia’s secondary stock exchange is listed on its primary exchange. Things have been tough over at the NSX, with the company making $787,413 in revenues in 1HY24 and a loss of nearly $2m. It was struggling with low liquidity, even before interest rate hikes.

However, one recent win was the hiring of former ASX executive Max Cunningham as its Managing Director and CEO. Upon his appointment he said,’ NSX has challenges to provide a viable alternative to a strong incumbent and compete for new listings, however with those challenges come great opportunities to provide both better service and more transparent regulatory outcomes and accountability for both listed companies and investors’. His performance incentives include listing targets, 75 entities in the short-term and 100 in the long-term.

3P Learning (ASX:3PL)

This company, one of the ASX’s few ‘ed-tech’ stocks is capped at over $260m. You may not know this, but it is the owner of the world-famous Mathletics software. Others include Mathseeds and Reading Eggs. Its portfolio are used in 179 countries, 17,000 schools and loved by 5.5m students. 3PL made $110m in revenue, up 3%, in FY24, but its bottom line swung from a $6.3m profit to a $57m loss due to impairment.

The Market (ASX:MKT)

The owner of the Hot Copper stock forum is still listed on the ASX. Maybe you didn’t know, maybe you did. But it is now a broader business owning Cars Guide and Gumtree. It generated $47m in revenue and $0.8m in EBITDA during 1HY24. Gumtree is no Carsales or Domain just yet, but it does have over 1m new monthly listings and A$3bn worth of goods listed each month.

Humm (ASX:HUM)

The lending and BNPL spaces were and are fiercly competitive and so many companies have either bitten the dust or struggled, even with rising interest rates. What many investors may not know is that Humm has a commercial lending business too that has a multi-billion loan book (specifically $3bn in receivables). The company has seen a boom in business over the last couple of years due to changes in the Government supported instant asset write-off.

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