Here are seven small-cap stocks that fund managers rated in the latest reporting season:
1. NEXTDC
The data-centre operator thumped market expectations with its interim result and upgraded its full-year guidance for revenue and underlying earnings in 2017-18. Strong demand for data centres and higher-than-expected utilisation rates drove the result.
NEXTDC shares leapt 15 per cent on the news and have almost doubled since the start of 2017.
“We expected NEXTDC to deliver in its guidance range and they produced a material beat,” says John Campbell, managing director of Avoca Investment Management, an early investor in NEXTDC. “It was an impressive result given NEXTDC’s revenue and earnings are reasonably predictable.”
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Read the full article at: http://www.afr.com/personal-finance/shares/seven-smallcap-aces-from-the-reporting-season-20180321-h0xrek