At the small-end of the market there are certainly a lot of shares with aspirations to become global forces.
While at this stage it is unclear whether any of them will ever achieve their lofty goals, I think it is well worth keeping an eye on a few of them.
Three promising, but highly speculative, shares that I think investors should have on their watchlist are listed below:
Bubs Australia Ltd (ASX: BUB)
Whilst I think that this goats milk infant formula and baby food company's shares are overvalued at the moment, there's no denying that there is a massive opportunity for the company in the Asia market. I have been very impressed with the way that Bubs has grown its distribution network over the last 12 months and if this ultimately translates into a significant lift in sales then the sky could be the limit. But until meaningful sales are generated I think an investment is too risky and would therefore suggest investors hold fire for the time being.
Fastbrick Robotics Ltd (ASX: FBR)
Fastbrick Robotics is the company behind the Hadrian X brick-laying robot which can lay 1,000 standard brick equivalents per hour. As a comparison, the typical Australian bricklayer can lay 400 bricks per day. I think this technology has a lot of promise and it appears that US-giant Caterpillar does as well. Last year it became a strategic partner and major shareholder. Although I think it is extremely promising, I would suggest investors hold off an investment until the technology is proven and sales are being generated.
Longtable Group Ltd (ASX: LON)
Longtable is a growing healthy food company headed by former Bellamy's Australia Ltd (ASX: BAL) CEO Laura McBain. At the end of last year the company raised $43 million in order to fund the acquisition of leading biodynamic-organic dairy products company B.-d Farm Paris Creek. As well as growing the business in the domestic market, Longtable aims to take advantage of demand for healthy, organic, Australian products in China and other part of Asia. This could be a highly lucrative opportunity.
