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These 3 ASX shares have just stormed to record highs
James Mickleboro | March 11, 2021 8:15am |
More on: Image source: Getty Images
Although the Australian share market took a tumble on Wednesday, that didn’t stop some shares from charging higher.
In fact, three ASX shares were in such strong form that they charged to new record highs. Here’s why these ASX shares are flying high right now:
The Hansen share price jumped to a record high of $5.28 on Wednesday. Investors were buying the billing technology company’s shares after it announced a master services agreement with Telefónica Germany. The $25 million five-year deal will see Hansen deliver its Cloud Native Communications product suite through a prepaid subscription to support the telco’s operations. This led to Hansen upgrading its guidance for FY 2021. It now expects constant currency revenue of $316 million to $326 million with an underlying EBITDA margin of 37% to 39%.
These ASX shares are helping this fund manager smash the market
James Mickleboro | February 12, 2021 1:51pm |
More on: Image source: Getty Images
The OC Micro-Cap Fund has released its update for the month of January and revealed that it has extended its 12-month total return to an impressive 41.5%.
This means the small-cap focused fund is outperforming the S&P/ASX Emerging Companies Accumulation Index by 14% over the period.
Which ASX shares are performing for OC Micro-Cap? Here’s what you need to know:
One of the key contributors to its gains in January was buy now pay later provider Sezzle.
It recorded a gain of 30.6% during the month thanks to positive industry developments and its strong performance during the fourth quarter.