Small Cap Stocks Down Under 20 November 2020: Aussie Broadband, Credit Clear, Keytone Dairy
Aussie Broadband: Growing faster than NBN's speed
In today's edition of Small Cap Stocks Down Under, situated in the Latrobe Valley of South-Eastern Victoria, the town of Morwell is known for more than its brown coal deposits. Aussie Broadband has made this town it’s home since its founding in 2008 and since then has expanded to become Australia’s fifth-largest provider of NBN services. Since the company’s IPO in October 2020, the stock has almost doubled. We believe the company’s share price runup is mainly due to a poorly priced IPO and, unlike brown coal, we think this company’s stock is not headed for a decline.
Also in today's edition, a look at receivable manager Credit Clear (ASX: CCR) and dairy product developer Keytone Dairy (ASX: KTD).
Get access to all editions through a 2-week FREE TRIAL. No charge on sign up.
Click here to read the previous edition of Small Cap Stocks Down Under published 10 November 2020