Financial ASX small caps weathered the COVID-19 storm well, up 33pc in Q2

In recent days a number of financial small caps have revealed they have done better than they thought they would during COVID-19.

When the pandemic reached Australian shores in March the sector, like many others, braced for the worst but the situation has turned out better than expected.

On average the small cap financial stocks are only up 2 per cent in the last year but gained 33 per cent in the last quarter.

Here’s a list of ASX small cap financial stocks (with a GICS code of 40) and their performance over the last year and quarter:

Note: Figures in yellow denote performance since IPO

Scroll or swipe to reveal table. Click headings to sort. 

Code Name Price 1 Year % Return 3 Month % Return Market Cap
SWF SELFWEALTH LTD 0.64 344 314 $ 117,943,728.00
QFE QUICKFEE LTD 0.88 340 237 $ 161,907,280.00
OPY OPENPAY GROUP LTD 2.39 49 207 $ 251,332,512.00
WZR WISR LTD 0.23 70 145 $ 243,660,144.00
DCL DOMACOM LTD 0.05 -50 125 $ 11,028,084.00
SOR STRATEGIC ELEMENTS LTD 0.08 111 118 $ 21,192,112.00
PGL PROSPA GROUP LTD 1.05 -71 106 $ 172,644,960.00
RMC RESIMAC GROUP LTD 1.13 82 100 $ 456,343,264.00
ECX ECLIPX GROUP LTD 1.39 -12 97 $ 437,902,272.00
KAM K2 ASSET MANAGEMENT HOLDINGS 0.04 -22 87 $ 10,366,663.00
MNY MONEY3 CORP LTD 1.83 -10 78 $ 338,145,312.00
PWL POWERWRAP LTD 0.17 -39 70 $ 34,991,312.00
CVW CLEARVIEW WEALTH LTD 0.34 -50 68 $ 226,491,360.00
ENA ENSURANCE LTD 0.02 -13 67 $ 11,419,125.00
OVH ONEVUE HOLDINGS LTD 0.38 -8 65 $ 101,813,424.00
MME MONEYME LTD 1.20 -4 64 $ 203,328,000.00
PFG PRIME FINANCIAL GROUP LTD 0.08 31 60 $ 15,625,795.00
FXL FLEXIGROUP LTD 1.27 -20 59 $ 498,904,768.00
MCX MARINER CORP LTD 0.10 400 54 $ 4,805,322.00
MPR MPOWER GROUP LTD 0.02 -28 53 $ 3,653,467.50
BFG BELL FINANCIAL GROUP LTD 1.32 54 53 $ 416,967,136.00
CVC CVC LTD 1.50 -39 48 $ 175,449,200.00
AVC AUCTUS INVESTMENT GROUP LTD 0.25 -31 47 $ 11,612,133.00
COG CONSOLIDATED OPERATIONS GROU 0.06 -38 45 $ 91,160,696.00
MAI MAINSTREAM GROUP HOLDINGS LT 0.55 8 43 $ 72,513,048.00
RZI RAIZ INVEST LTD 0.65 39 40 $ 48,346,564.00
EZL EUROZ LTD 1.06 -11 39 $ 172,269,344.00
CIW CLIME INVESTMENT MANAGEMENT 0.55 19 38 $ 36,139,128.00
PWG PRIMEWEST GROUP LTD 1.13 13 37 $ 394,523,232.00
INV INVESTSMART GROUP LTD 0.08 21 36 $ 10,261,527.00
MJC MEJORITY CAPITAL LTD 0.03 25 36 $ 4,207,595.50
SEQ SEQUOIA FINANCIAL GROUP LTD 0.25 50 34 $ 30,910,294.00
MAM MICROEQUITIES ASSET MANAGEME 0.31 -9 34 $ 39,138,020.00
EVE EVE INVESTMENTS LTD 0.01 20 33 $ 22,357,352.00
FFG FATFISH BLOCKCHAIN LTD 0.01 -50 33 $ 6,523,057.50
LAW LAWFINANCE LTD 0.04 -40 32 $ 35,765,312.00
BBC BNK BANKING CORP LTD 0.56 -6 27 $ 55,148,184.00
PAC PACIFIC CURRENT GROUP LTD 5.38 20 26 $ 268,922,880.00
IQ3 IQ3CORP LTD 0.14 -53 23 $ 14,029,875.00
APD APN PROPERTY GROUP LTD 0.53 28 21 $ 168,019,408.00
OFX OFX GROUP LTD 1.38 0 21 $ 344,494,720.00
PCG PENGANA CAPITAL GROUP LTD 1.13 -24 21 $ 116,419,736.00
WTL WT FINANCIAL GRP LTD 0.03 -31 21 $ 4,365,743.00
YBR YELLOW BRICK ROAD HOLDINGS L 0.06 -9 19 $ 20,755,246.00
ARC AUSTRALIAN RURAL CAPITAL LTD 0.29 -19 16 $ 3,754,409.50
CGA CONTANGO ASSET MANAGEMENT LT 0.34 -18 13 $ 16,074,798.00
CCV CASH CONVERTERS INTL LTD 0.17 10 13 $ 104,794,448.00
FID FIDUCIAN GROUP LTD 4.99 -2 13 $ 155,640,976.00
MEC MORPHIC ETHICAL EQUITIES FUN 0.93 7 13 $ 49,131,372.00
BTI BAILADOR TECHNOLOGY INVESTME 0.73 -30 12 $ 87,179,680.00
OEQ ORION EQUITIES LTD 0.05 -71 10 $ 979,791.38
TOT 360 CAPITAL REIT 0.90 -16 10 $ 124,920,256.00
AFG AUSTRALIAN FINANCE GROUP LTD 1.71 5 10 $ 444,451,328.00
KSL KINA SECURITIES LTD 1.05 -12 9 $ 182,608,704.00
MOC MORTGAGE CHOICE LTD 0.70 -34 9 $ 87,498,208.00
ABA AUSWIDE BANK LTD 4.92 0 8 $ 206,657,072.00
MYS MYSTATE LTD 4.09 -5 8 $ 376,316,256.00
CWZ CASHWERKZ LTD 0.15 -50 3 $ 29,751,488.00
CAF CENTREPOINT ALLIANCE LTD 0.09 -25 2 $ 12,985,467.00
ASW ADVANCED SHARE REGISTRY LTD 0.63 -4 2 $ 27,283,728.00
GDG GENERATION DEVELOPMENT GROUP 0.66 49 2 $ 82,925,624.00
EDC EILDON CAPITAL LTD 0.93 -3 2 $ 38,069,644.00
SNC SANDON CAPITAL INVESTMENTS L 0.60 -22 1 $ 63,545,188.00
IPC IMPERIAL PACIFIC LTD 1.04 -3 0 $ 3,210,657.75
AYI A1 INVESTMENTS & RESOURCES L 0.00 0 0 $ 30,612,464.00
EAS EASTON INVESTMENTS LTD 0.70 -18 -1 $ 24,293,928.00
N1H N1 HOLDINGS LTD 0.08 -18 -1 $ 6,687,557.00
LCE LONDON CITY EQUITIES LTD 0.43 -1 -2 $ 9,750,723.00
BWF BLACKWALL LTD 0.34 -57 -3 $ 21,783,798.00
AFA ASF GROUP LTD 0.09 -10 -3 $ 71,363,256.00
XPL XPLORE WEALTH LTD 0.06 -42 -3 $ 17,257,102.00
PVL POWERHOUSE VENTURES LTD 0.06 -17 -3 $ 1,874,080.50
GOW GOWING BROS LIMITED 1.39 -41 -4 $ 74,976,008.00
FSA FSA GROUP LTD 0.85 -13 -5 $ 106,359,336.00
8IH 8I HOLDINGS LTD-CDI 0.09 50 -10 $ 32,614,936.00
TIP TEAMINVEST PRIVATE GROUP LTD 0.53 -41 -12 $ 58,952,404.00
NSX NSX LTD 0.10 -46 -17 $ 25,730,592.00
ED1 EVANS DIXON LTD 0.50 -32 -17 $ 117,316,976.00
CGR CML GROUP LTD 0.27 -44 -41 $ 58,744,456.00
NGI NAVIGATOR GLOBAL INVESTMENTS 1.30 -66 -45 $ 207,549,312.00
QUE QUESTE COMMUNICATIONS LTD 0.03 -56 -56 $ 820,159.38
BIR BIR FINANCIAL LTD 0.02 -85 -73 $ 1,300,005.88
PNC PIONEER CREDIT LTD 0.29 -89 -82 $ 18,385,492.00

 

Pandemic inspired growth

Today mortgage aggregator Australian Financial Group (ASX:AFG) reported its largest ever quarterly lodgement result of almost $17bn — 30 per cent higher than the same time last year.

CEO David Bailey attributed the strong growth to people needing mortgage brokers, because they had little choice with bank branches closed and also because they felt they needed extra help to navigate the mortgage space.

“When they wanted to sort their financial situation out they sought the help of a broker, and the evidence we’re getting from our brokers is they’re getting a large number of new broker customers over this period that they probably hadn’t anticipated,” he told Stockhead.

Business finance provider CML Group (ASX:CML) also witnessed an uplift in activity in June as restrictions eased.

CML said that although volumes were subdued compared to pre-COVID levels it had a strong pipeline of business.

The company will end the financial year having financed over $100m more invoices than the year before and is expecting a net profit after tax of between $7.5m and $8m.

 

Investor-focused stocks also doing well

It isn’t only lenders that are performing well. Stocks focused on investors have also held firm during COVID-19.

Yesterday, budget broker Selfwealth (ASX:SWF) revealed the sixth consecutive month of record trading volumes as more people tried their hand at stock investing.

Australian Ethical Investment (ASX:AEF), which has tripled both in the last year and from its COVID-19 lows, has also seen higher levels of activity during the pandemic.

A fortnight ago it revealed it was expecting a profit after tax of between $6.8m and $7.5m.

This morning it followed that up with news that its Emerging Companies Fund delivered a return of 13.9 per cent after fees for the financial year.

This prompted Australian Ethical to boost its profit estimate to over $9m and it is expecting a performance fee of $3.6m.

The post Financial ASX small caps weathered the COVID-19 storm well, up 33pc in Q2 appeared first on Stockhead.

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