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Highlights
- Small cap stocks have the tendency of yielding enormous growth potential.
- Steel & Tube Holdings to hold its Annual Meeting on 30 September.
- Enprise Group paid a dividend last week.
Broadly speaking, those companies having a market cap of less than two billion dollars are referred to as small-cap stocks. Though being small, these companies boast of huge growth potential and have the tendency to become multi-baggers.
That said, this article covers five NZX listed small-cap stocks with impressive YTD returns.
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Steel & Tube Holdings Limited (NZX:STU)
Having a market cap of more than NZ$174 million, Steel & Tube Holdings Limited is New Zealand’s famous manufacturer and supplier of steel and its products.
On 30 September, the Company will hold a virtual Annual Shareholders’ Meeting, owing to the current Covid-19 situation across the country.
On 29 September, at the time of writing, Steel & Tube Holdings was losing by 1,89% at NZ$1.040.
Related Read: What are 5 small-cap NZX stocks examples?
Rakon Limited (NZX:RAK)
Rakon Limited is a famous designer of frequency control products and timing solutions. The Company has a market cap of NZ$256 million.
RAK had recently released the results of its Annual Meeting, wherein a resolution was passed to re-elect Bruce Irvine as its director. Further, the Board was authorised to determine the fees and expenses of its auditor.
Resolutions were also passed to increase the total pool of Directors’ remuneration.
On 29 September, at the time of writing, Rakon surged by 9.82% at NZ$1.230.
Must Read: 5 NZX stocks with highest YTD returns that can be explored
Skellerup Holdings Limited (NZX:SKL)
Auckland based, Skellerup Holdings Limited produces and supplies technical polymer products across the country. Having a market cap of over NZ$1 billion, the Company has scheduled both physical as well as an online meeting on 27 October.
However, it is closely monitoring the entire situation and in case of the meeting being held only online, the same will be communicated to the shareholders.
On 29 September, at the time of writing, Skellerup Holdings climbed 0/50% at NZ$6.00.
Related Read: Would Skellerup’s (NZX:SKL) latest acquisition boost its earnings?
Enprise Group Limited (NZX:ENS)
Functioning in tech space, Enprise Group Limited has a market cap of about NZ$32 million. The Company has paid a dividend of 2.5 cps on 21 September.
Also, AU$0.9520 was the foreign exchange rate fixed for the payment of cash dividend.
On 29 September, at the time of writing, Enprise Group was falling by 0.99% at NZ$2.000.
Interesting Read: Which are 5 NZX technology stocks with healthy 6-month returns?
Vista Group International Limited (NZX:VGL)
Boasting of a market cap of about NZ$629 million, Vista Group International Limited offers cinema management solutions for the film industry across the globe.
Recently, the Company has announced its half-year results, recording a 13% growth in its total revenue, amounting to NZ$44.9 million, majorly on account of global markets recovery.
Moreover, it has launched Vista cloud and forecasted an EBITDA between NZ$95 million -NZ$100 million for FY21.
On 29 September, at the time of writing, Vista Group International surged by 4.96% at NZ$2.750.
Do Read: Could these 5 NZX small-cap stocks be considered for long term?
Bottom Line
Small cap stocks may increase two or even threefolds and have the tendency to outperform the mid-cap as well as large-cap stocks.