Writing in its July 2018 monthly update, the Ausbil MicroCap Fund has highlighted three of its top 10 holdings.
The Nearmap Ltd (ASX:NEA) share price performed exceptionally well during July following a positive investor reaction to an earnings update early in the month.
Ausbil said the update showed the company was firing on all cylinders with strong momentum in both Australia and the US. The strength of the performance in the US in particular provided encouragement that the loss making division would soon reach break–even, reducing the
risk of a dilutive equity raising to supplement internal resources.
The Smartgroup Corporation (ASX:SIQ) share price moved higher during July despite no notable news.