Ten ASX small cap stocks to buy your loved one on Valentine’s Day
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This Valentines Day, cut the service station roses and give your loved one something longer-lasting — and perhaps more profitable.
Here are ten ASX small cap stocks for Valentine’s Day:
Aptly named Love Group (ASX:LVE) is perhaps the place to start – the matchmaker and developer of the ‘Lovestruck’ platform and DateTix or Noonswoon apps is all about bringing people together primarily in Asia but also in London and Delhi.
In the last quarter the company recorded cash receipts of $1.2 million, down 10 per cent on the previous.
But it’s hoping a new revenue-sharing partnership with a fine dining restaurant in Hong Kong could be the key to a new revenue stream – sharing 20 per cent of the restaurant bill from all dates arranged there.
Not even Valentine’s Day eve could bolster the company’s share price this week though – the stock has traded down 13 per cent since the start of the month at 9.5c.
Earlier this week diamond miner Lucapa (ASX:LOM) reported the first gems from its Lesotho project, to supplement its flagship Lulo site in Angola.
But getting one of their rocks on the finger of your valentine will cost a pretty penny.
The company’s last auction reported an average price of $2718 per carat – and last year its 163-carat stone sold for $44 million.
Recent entrant Frontier Diamonds (ASX:FDX) is working its way up to similar revenues from its South African mines – the company reporting $431 a carat for its latest haul in December.
More thrifty valentines can find hope in Ruby miner Mustang (ASX:MUS) whose failed ruby auction saw an average realised price of $24 a carat.
The results have seen the company go back to the grader, and shift its focus to another Mozambique project, this time for graphite.
Nothing quite says romance like a seafood dinner and there’s plenty of ways to get the best catch.
Soon-to-be-listed Angel Seafood (ASX:AS1) has the food of love covered from their oyster farms in Coffin Bay and surrounds in South Australia.
The company raised $8 million at 20c last week – and expects to list later this month.
Completing the banquet, Clean Seas’ (ASX:CSS) Hiramasa Kingfish is a crowd pleaser, and SeaFarm Group’s (ASX:SFG) prawns round out a seafood basket.
While Stockhead cannot provide any clear evidence, Ocean Grown’s (ASX:OGA) Abalone might just get the mood going too.
Last minute love
And for the last minute dash, Michael Hill (ASX:MHJ) jewellery chains are a quick fix – but set to be harder to come by as the company plans an exit from the US.
Last month the chief told investors it had learnt a lot from the competitive US jewellery market but had not gained sufficient traction to scale up.
And by the end of the night, Delecta (ASX:DLC), through their subsidiary Calvista, can supply the adult products.