Concierge gives you timely BUY and SELL alerts on ASX-listed stocks
Small Cap Stocks Down Under 3 September 2021: Silk Laser Australia, Murray Cod Australia, HGL Limited
Silk Laser Australia: Things are getting hairy in lockdown
In today’s edition of Small Cap Stocks Down Under, Silk Laser is headquartered in Parkside, South Australia. It owns and operates Australia’s second-largest network of non-surgical aesthetic product and services clinics. Investors in the company’s 15 December 2020 IPO have been on the road paved with silk as the stock has rallied 30% from its initial price of $3.45. However, despite raising $83.5m during the IPO, management has already come back to the market for an additional $20m. Therefore, the question needs to be asked, just how high-quality silk are investors buying?
Also in today’s edition, a look at sustainable cod producer Murray Cod Australia (ASX: MCA) and private equity and funds manager HGL Limited (ASX: HNG).
Click here to read the previous edition of Small Cap Stocks Down Under published 27 August 2021