During the last 12 months small cap shares have outperformed their large cap peers by a decent margin.
This evident in the performance of the S&P/ASX Small Ordinaries (Index: ^AXSO) (ASX: XSO) which has pushed 17% higher during this time, compared to the 5.5% gain made by the benchmark S&P/ASX 200.
Whilst there is no guarantee that this outperformance will continue over the next 12 months, I remain confident that there is enough quality at the small-end of the market for it to deliver another market-beating 12 months.
Three top small cap shares that I think are worth considering today are listed below. Here's why I like them:
Helloworld Ltd (ASX: HLO)
I think this travel company is largely underappreciated by the market and a great option for investors. The growing popularity of its integrated service offering led to Helloworld recently posting first-half profit before tax growth of 39.2% to $7.3 million. Pleasingly, management believes the company is well placed to continue the positive momentum into the second half of FY 2018.
Swift Networks Group Ltd (ASX: SW1)
This entertainment and telecommunication services company provides fully integrated solutions for the resources, hospitality, lifestyle village, and aged care accommodation sectors. Whilst all these sectors are lucrative opportunities, I am most bullish on its prospects in the aged care sector due to Australia's ageing population. Yesterday Swift Networks announced its first-half results which revealed a 32% increase in half-year revenue.
Zenitas Healthcare Ltd (ASX: ZNT)
This growing home care and health services company listed on the ASX last year and looks set to be a big winner from the National Healthcare Reform. This Reform aims to push the burden of healthcare services from hospitals into primary care providers such as Zenitas. As a result, I believe it is in a great position to profit over the long term. Especially due to operating in a highly fractured industry which provides it with opportunities to accelerate its growth through acquisitions.
