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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:
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 |
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.
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.
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