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Small Cap Stocks Down Under 27 November 2020: Harmoney Corporation, Viva Leisure, HomeCo Daily Needs REIT
Harmoney Corporation: An IPO out of harmony
In today’s edition of Small Cap Stocks Down Under, headquartered in Auckland, New Zealand, Harmoney Corporation is one of the latest financial companies to list on the ASX. The company mainly specialises in online direct personal loans in New Zealand and is using the proceeds from the IPO to expand its presence in Australia. This is a fast-growing company in an area where we see significant demand post-pandemic. Harmoney’s stock has taken a bit of a dive since its IPO on 18 November 2020, but we think this IPO has got some legs.
Also in today’s edition, a look at health club owner and operator Viva Leisure (ASX: VVA) and long-term WALE REIT HomeCo Daily Needs REIT (ASX: HDN).
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Click here to read the previous edition of Small Cap Stocks Down Under published 20 November 2020