Image source: Getty Images A fund manager has singled out one small cap ASX-listed telecommunications business as capable of a 40% rise in share price to match its valuation. Montgomery Investment Management founder Roger Montgomery told his subscribers that “Structural winners might be part of a global megatrend, have long runways for growth, are disruptive and/or market share takers with a long-term total addressable market that is theirs to lose.” The Macquarie share price has dipped in recent times. It started the year above $52 but was trading at $50.75 at the market close on Monday. Priced as yesterday’s hero Montgomery said the market seems to perceive Macquarie as a winner only during COVID-19 when demand for telco services was at a peak.