Since Xero (ASX:XRO) listed on the ASX in 2012, it has risen from less than $5 to over $84 today – a gain of 1,700 per cent. But did you know Xero’s listed life began on the New Zealand Exchange (NZX)?

The accounting software giant first went public in the Land of the Long White Cloud back in 2007. In 2012 it dual listed on the ASX and spent five years trading on both exchanges before controversially exiting the NZX in 2017.

That begs the question, are there any other potential 16-bagger Kiwis on our bourse?

The answer is yes (to the Kiwi bit, not sure if they will become 16-baggers though). Here’s a list.

Code Name Price (I) 1 Year % Return 6 Month % Return Market Cap
ZNO ZOONO GROUP LTD 0.61 682 601 $75.9M
SMP SMARTPAY HOLDINGS LTD 0.505 173 173 $88.6M
NEU NEUREN PHARMACEUTICALS LTD 2.83 102 101 $288.9M
XRO XERO LTD 83.93 99 37 $12.0B
SKO SERKO LTD 5.48 78 46 $494.5M
FPH FISHER & PAYKEL HEALTHCARE C 21.51 66 41 $12.2B
MEZ MERIDIAN ENERGY LTD 5.18 62 13 $12.8B
AFP AFT PHARMACEUTICALS LTD 3.1 57 0 $301.7M
IFT INFRATIL LTD 5.21 56 18 $3.4B
TLT TILT RENEWABLES LTD 3.26 52 36 $1.6B
MCY MERCURY NZ LTD 5.02 51 12 $6.8B
SNZ SUMMERSET GROUP HOLDINGS LTD 8.5 46 57 $1.9B
VHT VOLPARA HEALTH TECHNOLOGIES 1.79 45 9 $394.1M
KMD KATHMANDU HOLDINGS LTD 3.07 43 56 $900.0M
CNU CHORUS LTD 6.32 42 25 $2.8B
PPH PUSHPAY HOLDINGS LTD 4.18 32 28 $1.1B
CEN CONTACT ENERGY LTD 7.24 32 -2 $5.3B
BGP BRISCOE GROUP LTD 3.93 31 24 $873.2M
GNE GENESIS ENERGY LTD 3.12 31 -4 $3.1B
EVO EVOLVE EDUCATION GROUP LTD 0.155 30 24 $178.9M
AIA AUCKLAND INTL AIRPORT LTD 8.63 27 -5 $10.6B
A2M A2 MILK CO LTD 14.81 26 -9 $10.8M
IKE IKEGPS GROUP LTD 0.73 26 43 $74.5M
OCA OCEANIA HEALTHCARE LTD 1.235 25 21 $752.6M
SPK SPARK NEW ZEALAND LTD 4.38 23 20 $8.0B
EBO EBOS GROUP LTD 23.5 22 6 $3.8B
SKC SKYCITY ENTERTAINMENT GROUP 3.94 22 7 $2.6B
FBU FLETCHER BUILDING LTD 5.29 17 16 $4.3B
AIZ AIR NEW ZEALAND LTD 2.93 3 14 $3.2B
NZK NEW ZEALAND KING SALMON 2.06 2 13 $286.3M
9SP 9 SPOKES INTERNATIONAL LTD 0.015 2 -40 $15.1M
ADR ADHERIUM LTD 0.033 0 27 $6.4M
TWR TOWER LTD 0.695 -1 -1 $282.5M
BRL BATHURST RESOURCES LTD 0.12 -1 -1 $196.5M
VGL VISTA GROUP INTERNATIONAL LT 3.48 -7 -39 $574.0M
ZEL Z ENERGY LTD 4.59 -9 -24 $1.9B
FSF FONTERRA SHAREHOLDERS FUND 3.88 -12 7 $6.3B
SM1 SYNLAIT MILK LTD 8.32 -12 -12 $1.5B
KTD KEYTONE DAIRY CORP LTD 0.39 -14 -28 $82.1M
PVL POWERHOUSE VENTURES LTD 0.089 -19 48 $2.9M
NZM NZME LTD 0.37 -24 -33 $72.7M
BPL BROKEN HILL PROSPECTING LTD 0.017 -35 -4 $3.3M
FAM FAMILY INSIGHTS GROUP LTD 0.053 -47 6 $3.5M
MPP METRO PERFORMANCE GLASS LTD 0.25 -50 -32 $46.3M
GTK GENTRACK GROUP LTD 2.2 -56 -62 $223.9M
SKT SKY NETWORK TELEVISION LTD 0.7 -59 -38 $298.7M
NTL NEW TALISMAN GOLD MINES LTD 0.006 -60 -14 $16.1M
LCT LIVING CELL TECHNOLOGIES LTD 0.019 -62 0 $10.9M
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There are a handful of large caps including Air New Zealand (ASX:AIZ) and casino operator Skycity (ASX:SKC). But there are also a bunch of small caps, including one that has gained 600 per cent in just six months. Not bad.

Bug killer Zoonoo (ASX:ZNO) surged last year having entered several global markets. Its latest ambition is to fight African Swine Fever.

While many small caps have lofty ambitions, studies have shown Zoonoo’s products can actually help. This could be particularly handy in the context of China’s pork shortage.

Another Kiwi health stock is Volpara Health Technologies (ASX:VHT). Volpara has developed breast cancer imaging technology that can detect tumours earlier than current standards. In the last 12 months it’s gained 45 per cent.

Infant formula investors are taken care of too. New Zealand is home to large cap A2 Milk (ASX:A2M), Synlait (ASX:SM1) and Keytone Dairy (ASX:KTD).

There is also a Kiwi childcare company, Evolve Education (ASX:EVO), on the ASX. One reason New Zealanders have taken a liking to Oz is the greater access to investors. Case in point, Evolve raised $60m in May last year.

 

Kiwi tech stocks

The second biggest gainer of New Zealand-based ASX small caps is, like Xero, a tech stock. The silver medal winner is EFTPOS solution provider Smartpay (ASX:SMP), which is up 173 per cent in six months.

But Smartpay is currently exiting its New Zealand business to capitalise its Australian operations.

Other successful New Zealand-based tech stocks include travel booking software play Serko (ASX:SKO) and bank software provider 9 Spokes (ASX:9SP).

The latter has stagnated in the last few months but enjoyed a solid start to 2019 when it gained clients including Bank of New Zealand and Visa.

READ MORE: The best performing Kiwi ASX small caps are in… tech and health

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