Nigerian fans at the 2018 FIFA World Cup (Pic: Getty)
Tech
Here it is – your fortnightly tech stocks wrap
Nigeria’s tech ecosystem is still fledgling but it is one of the largest in Africa. Nigerian start ups see more venture investment than anywhere else in Africa.
According to tech investment platform Partech, Nigerian tech firms raised $747m in 2019 — a higher share of the $2 billion pie than anywhere else in Africa.
Another reason Nigeria’s tech ecosystem is developing is because of help from big American tech companies. Google launched a Developers Space in Lagos last month and Facebook have run a female-founder focused initiative for a year.
But in recent months, relations between Nigeria and the US — a heavy source of funding for Nigerian start ups — have deteriorated. America no longer issues immigrant visas to Nigerian applicants.
One of Nigeria’s most well known entrepreneurs Iyinoluwa Aboyeji thinks it could be both a curse and a blessing.
Just had an interesting dinner convo about this visa ban with Nigerian tech professionals in the US. Sad this is happening but silver lining is all the amazing and experienced Nigerian talent in US tech companies who will now head on home.
— iyin.eth (@iaboyeji) February 2, 2020
Meanwhile in China, it’s not just the face-mask and sanitiser sellers that are doing well thanks to the coronavirus.
A blockchain firm in China, Hyperchain, announced the launch of a blockchain-based platform to manage donations to hospitals in central China.
Hyperchain claims that donors will be able to see where exactly their money is going to and what it is being used for.
ASX tech stocks have retreated by 5 per cent in the last fortnight but are sitting on a 16 per cent gain in the last 12 months.
Here are all the ASX small cap technology stocks and their performance in the past fortnight:
Swipe or scroll to reveal the full table. Click headings to sort
| Ticker | Name | Price (I) | Total Return:W-2 | Total Return:Y-1 (I) | Market Cap |
|---|---|---|---|---|---|
| IOD | IODM LTD | 0.17 | 17 | 695 | $ 95,273,632.00 |
| CT1 | CCP TECHNOLOGIES LTD | 0.037 | 26 | 382 | $ 37,755,484.00 |
| WZR | WISR LTD | 0.285 | 0 | 312 | $ 261,755,360.00 |
| SM8 | SMART MARINE SYSTEMS LTD | 0.06 | -3 | 305 | $ 19,438,450.00 |
| EOL | ENERGY ONE LTD | 3.55 | 9 | 228 | $ 78,835,952.00 |
| BTH | BIGTINCAN HOLDINGS LTD | 0.9475 | 10 | 211 | $ 293,043,616.00 |
| FTC | FINTECH CHAIN LTD | 0.11 | -8 | 197 | $ 71,584,656.00 |
| NET | NETLINKZ LTD | 0.085 | -24 | 186 | $ 148,001,008.00 |
| PRO | PROPHECY INTERNATIONAL HLDGS | 0.895 | 45 | 178 | $ 56,968,708.00 |
| CAT | CATAPULT GROUP INTERNATIONAL | 1.995 | -6 | 157 | $ 385,608,128.00 |
| EVS | ENVIROSUITE LTD | 0.245 | 7 | 155 | $ 111,468,664.00 |
| DUB | DUBBER CORP LTD | 1.18 | -5 | 148 | $ 218,014,112.00 |
| BCC | BEAM COMMUNICATIONS HOLDINGS | 0.345 | 8 | 146 | $ 18,241,340.00 |
| CCA | CHANGE FINANCIAL LTD | 0.175 | -3 | 143 | $ 17,483,418.00 |
| HIL | HILLS LTD | 0.42 | -3 | 126 | $ 99,753,776.00 |
| COO | CORUM GROUP LTD | 0.079 | 1 | 126 | $ 31,802,840.00 |
| 8CO | 8COMMON LTD | 0.086 | -9 | 110 | $ 14,707,071.00 |
| SPZ | SMART PARKING LTD | 0.235 | -4 | 100 | $ 82,619,536.00 |
| CXZ | CONNEXION TELEMATICS LTD | 0.02 | -9 | 100 | $ 17,263,302.00 |
| RUL | RPMGLOBAL HOLDINGS LTD | 1.1 | -1 | 100 | $ 239,898,288.00 |
| CSV | CSG LTD | 0.3075 | 0 | 98 | $ 138,146,544.00 |
| SLX | SILEX SYSTEMS LTD | 0.33 | -11 | 94 | $ 57,013,220.00 |
| K2F | K2FLY LTD | 0.23 | -7 | 92 | $ 20,647,270.00 |
| BCT | BLUECHIIP LTD | 0.12 | -14 | 87 | $ 74,130,952.00 |
| UBN | URBANISE.COM LTD | 0.063 | 5 | 80 | $ 46,462,356.00 |
| KNO | KNOSYS LTD | 0.075 | -20 | 74 | $ 11,162,668.00 |
| CGO | CPT GLOBAL LIMITED | 0.24 | 2 | 67 | $ 9,189,372.00 |
| 9SP | 9 SPOKES INTERNATIONAL LTD | 0.023 | 31 | 64 | $ 24,826,748.00 |
| VR1 | VECTION TECHNOLOGIES LTD | 0.024 | 4 | 60 | $ 15,772,120.00 |
| RHP | RHIPE LTD | 2.19 | -7 | 50 | $ 299,846,816.00 |
| CNW | CIRRUS NETWORKS HOLDINGS LTD | 0.034 | -11 | 48 | $ 30,035,060.00 |
| CL1 | CLASS LTD | 2.08 | 5 | 45 | $ 250,427,152.00 |
| CV1 | CV CHECK LTD | 0.125 | -20 | 43 | $ 35,063,720.00 |
| MNY | MONEY3 CORP LTD | 2.44 | 0 | 43 | $ 451,298,880.00 |
| DSE | DROPSUITE LTD | 0.047 | -15 | 42 | $ 23,202,986.00 |
| ELO | ELMO SOFTWARE LTD | 7.1 | 5 | 40 | $ 530,509,536.00 |
| SNS | SENSEN NETWORKS LTD | 0.125 | 10 | 39 | $ 51,432,148.00 |
| VLT | VAULT INTELLIGENCE LTD | 0.3 | -26 | 38 | $ 35,199,180.00 |
| TNT | TESSERENT LTD | 0.064 | -25 | 36 | $ 27,445,702.00 |
| SCL | SCHROLE GROUP LTD | 0.019 | -21 | 36 | $ 16,902,784.00 |
| JAN | JANISON EDUCATION GROUP LTD | 0.43 | -8 | 35 | $ 77,202,440.00 |
| KYK | KYCKR LTD | 0.086 | -16 | 33 | $ 19,262,464.00 |
| MOB | MOBILICOM LTD/AUSTRALIA | 0.099 | -6 | 27 | $ 25,535,734.00 |
| GSW | GETSWIFT LTD | 0.57 | 9 | 26 | $ 111,244,096.00 |
| CWL | CHANT WEST HOLDINGS LTD | 0.064 | 12 | 25 | $ 8,178,970.50 |
| SKF | SKYFII LTD | 0.185 | 16 | 23 | $ 63,559,160.00 |
| NOR | NORWOOD SYSTEMS LTD | 0.049 | 11 | 23 | $ 10,940,233.00 |
| SMX | SECURITY MATTERS LTD | 0.35 | -10 | 20 | $ 39,596,884.00 |
| MOQ | MOQ LTD | 0.24 | 9 | 20 | $ 42,591,272.00 |
| WJA | WAMEJA LTD | 0.13 | 35 | 18 | $ 157,410,592.00 |
| JCS | JCURVE SOLUTIONS LTD | 0.033 | 22 | 10 | $ 10,819,278.00 |
| RCL | READCLOUD LTD | 0.32 | -12 | 7 | $ 31,329,778.00 |
| PYG | PAYGROUP LTD | 0.68 | -1 | 6 | $ 47,536,868.00 |
| TCN | TECHNICHE LTD | 0.037 | 0 | 6 | $ 7,796,615.00 |
| 3DP | POINTERRA LTD | 0.046 | -10 | 5 | $ 25,705,040.00 |
| RDF | REDFLEX HOLDINGS LTD | 0.55 | -3 | 1 | $ 80,807,800.00 |
| KTE | K2 ENERGY LTD | 0.006 | 20 | 0 | $ 1,803,942.88 |
| HYD | HYDRIX LTD | 0.23 | -13 | 0 | $ 17,623,120.00 |
| CCG | COMMSCHOICE GROUP LTD | 0.063 | 11 | 0 | $ 11,993,645.00 |
| ODA | ORCODA LTD | 0.2 | -5 | 0 | $ 21,707,706.00 |
| NVX | NOVONIX LTD | 0.45 | 1 | 0 | $ 58,824,644.00 |
| CIO | CONNECTED IO LTD | 0.003 | -14 | 0 | $ 7,222,746.00 |
| RXP | RXP SERVICES LTD | 0.48 | -14 | 0 | $ 77,326,648.00 |
| DWS | DWS LTD | 1.1 | 3 | -1 | $ 145,014,464.00 |
| PVS | PIVOTAL SYSTEMS CORP INC-CDI | 1.67 | 11 | -1 | $ 189,577,248.00 |
| 4DS | 4DS MEMORY LTD | 0.06 | 0 | -2 | $ 67,203,632.00 |
| RKN | RECKON LTD | 0.675 | -11 | -3 | $ 73,641,640.00 |
| FZO | FAMILY ZONE CYBER SAFETY LTD | 0.16 | -9 | -3 | $ 38,260,268.00 |
| ISD | ISENTIA GROUP LTD | 0.265 | -12 | -6 | $ 51,000,000.00 |
| OTW | OVER THE WIRE HOLDINGS LTD | 4.35 | -3 | -6 | $ 224,633,696.00 |
| NOV | NOVATTI GROUP LTD | 0.185 | -10 | -8 | $ 30,953,702.00 |
| AR9 | ARCHTIS LTD | 0.11 | -12 | -8 | $ 13,540,668.00 |
| DTS | DRAGONTAIL SYSTEMS LTD | 0.145 | -17 | -9 | $ 37,332,512.00 |
| RLG | ROOLIFE GROUP LTD | 0.03 | -12 | -9 | $ 10,218,639.00 |
| AVA | AVA RISK GROUP LTD | 0.145 | -3 | -9 | $ 33,946,756.00 |
| SEN | SENETAS CORP LTD | 0.066 | -3 | -11 | $ 73,575,944.00 |
| VOR | VORTIV LTD | 0.007 | -20 | -11 | $ 22,313,442.00 |
| SMN | STRUCTURAL MONITORING-CDI | 0.81 | -7 | -16 | $ 94,343,152.00 |
| MPW | MSL SOLUTIONS LTD | 0.083 | -3 | -16 | $ 26,747,428.00 |
| RD1 | REGISTRY DIRECT LTD | 0.02 | 0 | -17 | $ 3,447,466.50 |
| EPD | EMPIRED LTD | 0.4 | 0 | -18 | $ 63,969,632.00 |
| TBL | TAMBLA LTD | 0.405 | 4 | -19 | $ 8,021,556.50 |
| RCW | RIGHTCROWD LTD | 0.26 | 0 | -21 | $ 51,814,648.00 |
| LVT | LIVETILES LTD | 0.325 | 13 | -21 | $ 253,822,704.00 |
| JXT | JAXSTA LTD | 0.11 | -21 | -21 | $ 25,494,910.00 |
| DTC | DAMSTRA HOLDINGS LTD | 1.12 | 12 | -22 | $ 150,483,408.00 |
| DTZ | DOTZ NANO LTD | 0.06 | 3 | -24 | $ 18,585,270.00 |
| IHR | INTELLIHR LTD | 0.091 | -13 | -24 | $ 17,473,868.00 |
| IXU | IXUP LTD | 0.06 | -5 | -24 | $ 13,309,271.00 |
| AMO | AMBERTECH LTD | 0.09 | -9 | -25 | $ 6,880,949.50 |
| ESK | ETHERSTACK PLC-CDI | 0.16 | -37 | -26 | $ 18,076,102.00 |
| ADA | ADACEL TECHNOLOGIES LTD | 0.67 | -15 | -26 | $ 47,655,840.00 |
| DXN | DXN LTD | 0.045 | -8 | -29 | $ 19,985,282.00 |
| BID | BIDENERGY LTD | 1.09 | -1 | -31 | $ 135,730,112.00 |
| MNW | MINT PAYMENTS LTD | 0.017 | -19 | -32 | $ 15,478,161.00 |
| ELS | ELSIGHT LTD | 0.36 | -1 | -32 | $ 38,413,548.00 |
| ADJ | ADSLOT LTD | 0.029 | -12 | -33 | $ 53,476,180.00 |
| BRN | BRAINCHIP HOLDINGS LTD | 0.051 | -6 | -33 | $ 66,868,784.00 |
| SP3 | SPECTUR LTD | 0.11 | 5 | -33 | $ 8,319,637.00 |
| LNU | LINIUS TECHNOLOGIES LTD | 0.027 | 4 | -34 | $ 31,819,802.00 |
| PPS | PRAEMIUM LTD | 0.485 | -13 | -35 | $ 189,891,024.00 |
| OPL | OPYL LTD | 0.125 | -24 | -35 | $ 3,846,960.25 |
| WBT | WEEBIT NANO LTD | 0.4 | 1 | -37 | $ 29,493,240.00 |
| YOJ | YOJEE LTD | 0.048 | -9 | -39 | $ 44,128,476.00 |
| FCT | FIRSTWAVE CLOUD TECHNOLOGY L | 0.145 | -12 | -40 | $ 45,825,312.00 |
| SPT | SPLITIT PAYMENTS LTD | 0.555 | -21 | -40 | $ 158,881,920.00 |
| CGL | CITADEL GROUP LTD/THE | 4.97 | 5 | -41 | $ 245,058,752.00 |
| DCC | DIGITALX LTD | 0.029 | -7 | -42 | $ 16,957,600.00 |
| MYQ | MYFIZIQ LTD | 0.21 | 0 | -42 | $ 22,351,558.00 |
| QFY | QUANTIFY TECHNOLOGY HOLDINGS | 0.004 | 0 | -43 | $ 6,218,153.50 |
| XF1 | XREF LTD | 0.27 | -18 | -44 | $ 48,965,332.00 |
| SRH | SAFEROADS HOLDINGS LTD | 0.18 | -10 | -45 | $ 6,552,000.00 |
| AO1 | ASSETOWL LTD | 0.007 | 17 | -49 | $ 2,108,545.75 |
| IP1 | INTEGRATED PAYMENT TECHNOLOG | 0.008 | -20 | -50 | $ 2,470,722.50 |
| CRO | CIRRALTO LTD | 0.005 | -38 | -50 | $ 4,116,800.50 |
| XPE | XPED LTD | 0.001 | 0 | -50 | $ 1,756,830.75 |
| RFN | REFFIND LTD | 0.003 | 0 | -50 | $ 2,521,500.00 |
| CLT | CELLNET GROUP LTD | 0.18 | -12 | -54 | $ 11,267,117.00 |
| SBW | SHEKEL BRAINWEIGH LTD | 0.125 | -4 | -54 | $ 16,680,000.00 |
| ID8 | IDENTITII LTD | 0.295 | -2 | -54 | $ 16,083,046.00 |
| DTI | DTI GROUP LTD | 0.02 | -13 | -55 | $ 6,699,531.00 |
| CAG | CAPE RANGE LTD | 0.535 | -14 | -55 | $ 44,757,192.00 |
| OLV | OTHERLEVELS HOLDINGS LIMITED | 0.011 | 57 | -56 | $ 3,155,255.50 |
| NVU | NANOVEU LTD | 0.037 | -24 | -57 | $ 4,903,617.50 |
| TZL | TZ LTD | 0.1 | -44 | -60 | $ 9,172,561.00 |
| LVH | LIVEHIRE LTD | 0.23 | 0 | -60 | $ 67,920,944.00 |
| NUH | NUHEARA LTD | 0.031 | -21 | -64 | $ 29,219,678.00 |
| BUD | BUDDY TECHNOLOGIES LTD | 0.033 | 10 | -64 | $ 76,216,824.00 |
| PRZ | PARAZERO LTD | 0.036 | -40 | -66 | $ 4,581,915.50 |
| LVE | LOVE GROUP GLOBAL LTD | 0.04 | -27 | -68 | $ 1,661,900.88 |
| BLG | BLUGLASS LTD | 0.083 | -12 | -70 | $ 34,769,288.00 |
| CPT | CIPHERPOINT LTD | 0.076 | -2 | -75 | $ 2,985,328.00 |
| SIS | SIMBLE SOLUTIONS LTD | 0.016 | -16 | -75 | $ 2,709,510.75 |
| HSC | HOMESTAY CARE LTD | 0.008 | 20 | -76 | $ 10,052,318.00 |
| BIQ | BUILDINGIQ INC-CDI | 0.01 | -38 | -76 | $ 3,736,729.50 |
| HWH | HOUSTON WE HAVE LTD | 0.035 | -13 | -77 | $ 9,021,520.00 |
| ARQ | ARQ GROUP LTD | 0.365 | 0 | -78 | $ 45,799,172.00 |
| TGO | TRIMANTIUM GROWTHOPS LTD | 0.14 | -26 | -81 | $ 19,453,998.00 |
| FGO | FLAMINGO AI LTD | 0.002 | -33 | -82 | $ 2,240,255.50 |
| SE1 | SENSERA LTD | 0.019 | -57 | -83 | $ 6,442,501.00 |
| SYT | SYNTONIC LTD | 0.001 | 0 | -85 | $ 6,944,565.50 |
| TYM | TYMLEZ GROUP LTD | 0.03 | -17 | -88 | $ 4,433,509.50 |
| IAM | INTIGER GROUP LTD | 0.001 | 0 | -90 | $ 1,677,895.88 |
| SF1 | STEMIFY LTD | 0.02 | 0 | -90 | $ 4,081,283.25 |
| PGL | PROSPA GROUP LTD | 2.03 | -1 | -47 | $ 327,541,376.00 |
| APV | APPSVILLAGE AUSTRALIA LTD | 0.24 | 11 | 18 | $ 18,781,396.00 |
| SZL | SEZZLE INC-CDI | 1.93 | -1 | 59 | $ 383,889,632.00 |
| MME | MONEYME LTD | 1.495 | -5 | 24 | $ 254,160,000.00 |
| NTO | NITRO SOFTWARE LTD | 1.615 | 11 | -6 | $ 302,286,400.00 |
| RDY | READYTECH HOLDINGS LTD | 2.18 | 1 | 45 | $ 174,411,696.00 |
| 360 | LIFE360 INC-CDI | 3.37 | 7 | -30 | $ 492,740,992.00 |
| WSP | WHISPIR LTD | 1.455 | -1 | -9 | $ 150,414,800.00 |
| QFE | QUICKFEE LTD | 0.35 | -3 | 73 | $ 51,850,156.00 |
Last fortnight’s biggest winner was digital marketing platform OtherLevels Holdings (ASX:OLV). Shares took off after a distribution agreement with Genius Media and a strong quarterly.
Positive quarterlies were also the catalyst for the jumps of several stocks including Prophecy International (ASX:PRO), JCurve Solutions (ASX:JCS) and 9 Spokes (ASX:9SP).
Homestay Care (ASX:HSC) surged last week with the inking of a major commercial deal. It will upgrade the tech systems at nine residential aged care facilities in South Australia.
SenSen Networks (ASX:SNS) also sealed a big deal in the last fortnight – in fact only yesterday. It landed a $1.2m contract to manage traffic in Singapore.
The two biggest tech gainers on an annual basis are IODM (ASX:IOD) and CCP Technologies (ASX:CT1), which have gained 695 per cent and 382 per cent respectively. Both rose another 17 and 26 per cent respectively over the past two weeks.
There are two other four-baggers on a yearly basis: fintech Wisr (ASX:WZR) and aquatic robotics stock Smart Marine System (ASX:SMS), but both stagnated in recent days.
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