In February, ASX fintech stocks were winners, losers and winners again.
The benchmark ASX 200 index made a 1 per cent gain for month – despite a late month drop — driven largely by favourite fintech Zip (ASX:Z1P) +43%, as well as Virgin Money (ASX:VUK) +39.5%, and EML Payments (ASX:EML) +29%.
Pic: https://www.reddit.com/r/ASX_Bets/comments/lk37ja/z1p/
Meanwhile, the broad based commodities boom – sans gold and silver — continued to gather steam.
The copper price hit nine-and-a-half year highs. Nickel punched through six-and-a-half year highs.
Long-suffering battery metals lithium, cobalt, graphite and rare earths all moved higher on increased demand.
Iron ore defied the naysayers, again, gaining 10 per cent to ~$US172/t.
Hydrogen jumped into mainstream consciousness and uranium remained poised, perpetually, for a breakout.
BNPL dominated the news cycle, but there was no overriding sector or theme in February’s top stocks, unlike previous months.
This is a ‘grab bag’ of winners in the purest sense.
Here’s the top 50 small caps for the month of February>>>
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CODE COMPANY PRICE MONTHLY RETURN % GICSCode MARKET CAP AQS Aquis Enertainment 0.38 986 Consumer $ 16,073,629.20 BD1 Bard1 Life Sciences 3.02 421 Health $ 230,066,547.84 ACS Accent Resources 0.095 375 Resources $ 44,272,591.89 RNT Rent.Com.Au 0.225 369 Tech $ 87,483,929.94 PRL Province Resources 0.085 305 Resources $ 66,369,665.31 NCL Netccentric 0.245 295 Tech $ 44,625,000.00 IOU Ioupay 0.635 285 Tech $ 314,262,127.05 FFG Fatfish Group 0.14 278 Tech $ 140,777,533.05 LEX Lefroy Exploration 0.79 276 Resources $ 74,405,993.54 GLE GLG Corp 0.45 275 Consumer $ 16,672,500.00 PIL Peppermint Innovation 0.038 245 Tech $ 44,272,142.82 CCE Carnegie Cln Energy 0.0065 225 Energy $ 89,236,605.72 MXC Mgc Pharmaceuticals 0.081 212 Health $ 196,135,130.93 VXR Venturex Resources 0.34 196 Resources $ 129,783,616.30 NGY Nuenergy Gas 0.053 179 Energy $ 81,452,552.34 ORM Orion Metals 0.05 150 Resources $ 27,254,872.15 WOO Wooboard Tech 0.005 150 Tech $ 18,166,220.45 BNO Bionomics 0.37 147 Health $ 286,746,544.50 AJL AJ Lucas Group 0.064 146 Industrial $ 29,907,165.88 RNU Renascor Resources 0.066 136 Energy $ 101,608,299.87 ASP Aspermont Limited 0.034 127 Tech $ 78,502,261.16 FGO Fargo Enterprises 0.009 125 Tech $ 10,671,810.33 FRX Flexiroam 0.055 120 Tech $ 29,037,527.74 OIL Optiscan Imaging 0.235 114 Health $ 152,176,426.50 RCP Redbank Copper 0.14 109 Resources $ 57,416,882.88 ADO Anteotech 0.24 109 Health $ 439,484,474.74 N1H N1 Holdings 0.135 108 Financial $ 10,602,224.49 TPC TPC Consolidated 2.6 102 Tech $ 23,888,787.30 RAC Race Oncology 3.88 101 Health $ 462,185,760.50 AUH Austchina Holdings 0.016 100 Energy $ 26,145,989.78 BAS Bass Oil 0.002 100 Energy $ 5,013,210.14 T3D 333D Limited 0.004 100 Industrial $ 5,508,621.10 TNR Torian Resources 0.058 100 Resources $ 45,223,936.32 UUV UUV Aquabotix 0.003 100 Industrial $ 7,165,124.43 BDM Burgundy D Mines 0.38 95 Resources $ 87,239,106.15 MPR Mpower Group Limited 0.11 93 Financial $ 19,061,569.92 BEM Blackearth Minerals 0.135 93 Resources $ 21,192,634.19 ONE Oneview Healthcare 0.086 91 Health $ 34,541,134.85 BPH BPH Energy 0.175 84 Health $ 129,591,078.24 TTA TTA Holdings 0.027 80 Consumer $ 3,710,432.07 3DP Pointerra Limited 0.845 80 Tech $ 543,334,320.72 MNS Magnis Energy Tech 0.33 78 Resources $ 243,111,550.97 CXL Calix Limited 2.26 77 Energy $ 305,140,091.25 EGL Environmental Group 0.06 76 Consumer $ 17,172,458.00 OEX Oilex 0.0035 75 Energy $ 12,500,328.07 LRS Latin Resources 0.079 72 Resources $ 92,605,609.58 PIQ Proteomics Int Lab 1.31 72 Health $ 140,049,343.13 MGU Magnum Mining & Exp 0.12 71 Resources $ 39,350,375.61 SCU Stemcell United 0.029 71 Health $ 26,049,940.40 EGR Ecograf Limited 0.705 70 Resources $ 332,137,925.07
FEBRUARY ASX TOP 10 WINNERS
AQUIS ENTERTAINMENT (ASX:AQS) +986%
Aquis, which acquired the Canberra Casino in 2014, is a $56 million market cap gambling stock that has traded in a narrow range beneath 10c since 2015.
Out of nowhere the perpetually loss-making company exploded in a monumental rally from less than 4c to briefly more than 50c.
Why? Dunno, but big fish Crown Resorts (ASX:CWN) is in all sorts of trouble at the moment – not that you could call the $6.72 billion casino giant a competitor.
AQS has also been undertaking a multi-year application process with the ACT government for a $300m project development that would expand the casino into a broader entertainment precinct.
BARD1 LIFESCIENCES (ASX:BD1) +421%
This cancer diagnostic stock had been in slow decline for over a year – then it released data showing its detection tech works against breast cancer and ovarian cancer.
“Obviously we’ve accomplished a lot in a week,” Bard1 chief executive Dr Learnne Hinch joked to Stockhead.
In late February two company founders sued Bard1 over their performance rights which dulled the shine, ever so slightly.
ACCENT RESOURCES (ASX:ACS) +375%
Sleepy, tightly held gold-iron ore explorer Accent has done sweet FA for quite some time.
Accent is essentially a shell which “continues to assess investment opportunities and projects for acquisition or development” in conjunction with majority Chinese shareholders Rich Mark Development Group (+67 per cent) and Xingang Resources (21 per cent).
Important addendum: some legend called ‘Grandmaster Fortune’ also holds a +4 per cent stake in the company.
RENT.COM.AU (ASX:RNT) +369%
RNT, which operates real estate websites focussing on the rental market, soared after tech entrepreneur Bevan Slattery invested $2m.
Slattery, who has a history of sending stocks into the stratosphere, bought his shares a 5c each, which means he had made about $5 million clear profit by the end of the month.
PROVINCE RESOURCES (ASX:PRL) +305%
Investors love hydrogen right now.
Green hydrogen – which burns cleanly and emits water — is the ‘holy grail’ of a net zero emissions future.
Which is why struggling exploration stock Province was able to reverse its fortunes by acquiring an industrial minerals and green hydrogen project in WA’s northwest.
“Green hydrogen will be an increasingly important future energy source, developing alongside the lithium industry,” says project advisor Gavin Rezos.
“Rapid advances in hydrogen fuel cells are now demonstrating that green hydrogen will have a major role to play in the areas of mass transport, shipping, trucking, and eventually in homes, helping the world reach targets of being net zero carbon by 2050.”
NETCCENTRIC (ASX:NCL) +295%
Malaysia-based, former ‘bottom of the sock drawer’ minnow Netccentric “turns the engagement between social media influencers and followers into revenue and sales”.
In 2020, the company influenced enough punters to make a small profit for the first time since listing in 2015.
IOUPAY (ASX:IOU) +285%
High-flying fintech play IOUPay took advantage of the BNPL mania by completing a $50 million placement — the largest single raising in the company’s history.
A total of 100 million shares were placed at 50c a share, with both new and existing institutional investors quickly snapping up the offer within 48 hours.
The $50m will fund growth initiatives including digital payments, and support an expansion into Southeast Asian markets.
FATFISH GROUP (ASX:FFG) +278%
Another junior riding the BNPL wave last month.
The “international venture and development firm” eked out a net profit of $190,852 in 2020 – its first since 2017.
Small wins, but a damn sight better than the $14.1 million loss suffered in 2019.
The outlook is promising, it says. While a move into the BNPL space attracted attention, Abelco Investment Group — a Swedish company that Fatfish holds a 50.1 per cent stake in – also swung to a record full-year profit following a loss in 2019.
LEFROY EXPLORATION (ASX:LEX) +276%
This industrious gold explorer has been working its collection of Kalgoorlie projects for a few years now.
Last month the payoff arrived.
Lefroy’s 22-hole drilling program, designed to test both strike and depth extensions to the ‘Burns’ system, now appears to have hit the motherlode.
The highlight intercept was:
60m at 5.22g/t gold and 0.38 per cent copper from 112m down-hole, including
20m at 12.2g/t gold, 0.87 per cent copper and 1.7g/t silver from 144m.
Huge. The hole also ended in mineralisation, which remains ‘open’ on all sides.
GLG CORP (ASX:GLE) +275%
Clothing maker GLG diversified into masks during the pandemic, which turned out to be a decent money maker.
The stock announced a 32.3 per cent revenue increase, from $US75 to $US100m, in 2020.
Net profit was $US1.3m, up from $400,000 in 2019.
The margins may be slim, but the company still declared a dividend for the year ending 31 December 2020 of US1c per share.
At Stockhead, we tell it like it is. While Fatfish Group is a Stockhead advertiser, it did not sponsor this article.
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