Three ASX Small Caps to Watch Now

Richard Hemming

Here are three ASX small cap stocks to watch now including Dubber (ASX: DUB), Vintage (ASX: VEN) and Vital Metals (ASX: VML)

 Our analyst team run our investment ruler these small companies for you and give you our expert Under the Radar Diagnosis. 

Why did we choose these small cap stocks to watch?

These are three stocks to watch that are not in the news and it's pretty unlikely that you have heard of them before. That’s what being Under the Radar is about. Our stock reports are packed with investing ideas to grow your share portfolio.

Get ahead of the market

We are always searching the ASX to get ahead of the market to find the next Afterpay (APT), Northern Star Resources (NST) or Macquarie Telecom (MAQ) before they give a strong share price performance. These are the kinds of stocks that can transform your ASX share portfolio and your life. These three stocks are ones that we’ve had a look at and we’ll be focussing on in the future. Get them on your radar now!

Building a diversified share portfolio across different industries

We recommend Small Cap ASX growth stocks. You need Small Caps for growth as they can double or triple in size. These three stocks to watch have market caps between $42m and $760m and exist in the call recording, gas and rare earth developer industries. There is a stock for everyone whether you are a beginner investor, day-trader, or active investor.

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ASX Small Cap Stock to watch: Dubber (ASX: DUB)

Sector: Call recording
Market Cap: $760.7m
Net Cash: $38.0m
Enterprise Value: $722.7m
Latest Price: $2.97
12-month High: $3.07

Bull points: Core software as a service (SAAS) works with major networks, eg Zoom Webex; licence and partner momentum; user growth from a low base. Revenue run rate $25m a year; Annualised Recurring Revenue $34m. Bear points: Very expensive on 25 times revenues; growth rates boosted by pandemic.

Momentum is strong in this stock. One for the bulls. SPEC BUY.

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Stock to watch: Vintage (ASX: VEN)

Gas explorer transitioning to producer​
Market Cap: 
Net Cash: $9.6m
Enterprise Value: $32.8m
Latest Price: $0.07
12-month High: $0.10

Transitioning from explorer to gas producer, with first cash flow anticipated in the second half of 2021. Reg Nelson, formerly MD of Beach Energy, is the Chairman. CEO is former COO of Beach. Has acquired a portfolio of gas exploration tenements in onshore Australia that the company believes have potential for early cash flow. Has fully funded programs in the Cooper Basin where it has built a sizeable footprint. Also has permits in the Perth Basin, Bonaparte Basin, Galilee Basin and the Otway Basin.

Seasoned operators involved who know Cooper Basin well. Has credibility but very early stage, although talking about cash flow in second half; one of interest. WATCHLIST.

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Stock to watch: Vital Metals (ASX: VML)

Rare earths developer
Market Cap: $​228.5m
Net Cash: $44.4m
Enterprise Value: $184.1m
Latest Price: $0.06
12-month High: $0.09

Globally significant projects at Nechalacho in North West Territories, Canada and Wigu Hill, Tanzania (Vital 90%). Executives have previously worked for rare earths producer Lynas, influencing its fast track development model. Stage 1 at Nechalacho is a low capex demonstration plant; stage 2, large scale operation. Stage 2 would be funded from Stage 1 cash flow. Stage 1 mining commenced in late March 2021 with rare earths benefication commencing in June 2021. A rare earth extraction plant and processing facility is to be built in Saskatchewan. Stage 2 operations are targetted to commence in 2024.

Limited profits for some time but possible value for the patient investor. WATCHLIST.


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About the Author

Richard Hemming

Richard Hemming ( is an independent analyst who edits, which provides investment opportunities in Small Caps that you won’t get anywhere else.

Under the Radar Report is licensed to give general financial advice only (AFSL: 409518). The author does not own shares in any of the stocks mentioned.

Under the Radar Report is licensed to give general financial advice only (ASFL: 409518). The author does not own shares in any of the stocks mentioned.

Article Comments

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