RE: 2024 tips1 Dec 2023 13:19
Well done Dab!
NWT looks to meet all the positive criteria admirably ... but without the risk of a penny share punt.
CA's 8 selections all seem to be loss-making, and most don't even have any revenue.
NWT in contrast is nicely profitable, and with a potential nearer term multibagging catalyst that isn't though a speculative moonshot.
I.e. a Grosvenor Technology spin-out from NWT, in a US floatation: which not only makes perfect sense, but would follow an established NWT modus operandi.
And a GT spin-out in America would likely be a key to an immediate and immense unlocking of its value.
Most profitable shares don't have the same sort of nearer term upside, unless they are taken over, which is itself speculative and uncertain.
"Penny stock shortlist: best growth shares of 2024
by Charles Archer
November 20, 2023
GMET, SKA, TYM, CIZ, ATN, CGNR, BSFA & ACRM shares may be the best growth stocks for 2024. But which should take the top spot?
Every December, I select what I consider to be the best ‘growth’ stock going into the next year. This year, as I now have somewhat of a social media following, I thought it might be worth creating a shortlist and also asking for any submissions. This stock — whatever it turns out to be — will see me follow it through the calendar year, hopefully through significant gains.
However, there are some parameters:
• It must have a market capitalization under £10 million at 1 December
• It must have a relatively active CEO
• It can’t have an overly complicated finance base
• It must be the stock most likely to see a multiple return, regardless of risk
• Not have red flags. High risk is fine, lifestyle companies are not
The general idea is that this growth stock will at least double in value, hopefully more. In other words, it’s likely to be a ‘moonshot’ with a flagship asset that could deliver spectacular returns. As this is a growth stock, investors should approach it with risk money — with the understanding that while the possible returns may be spectacular, there is a good chance they might lose it all.
In other words: Do not go all in.
Last year, Marula Mining was my growth stock pick for 2023 — and the company rose from 2.45p in December 2023 to 12.13p today. In that time, MARU hit a record 15.5p, and I suspect it will reach new record highs in 2024. However, the company can be ruled out for 2024 as its market cap is too high ..."
https://investingstrategy.co.uk/stock-tips/penny-stock-shortlist-best-growth-shares-of-2024/#comment-1278