The hunt for genuine industry ‘disruptors’

Financial Journalist
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Key points

  • True disruptors are hard to value because they are creating uncontested market space, at least at the start.
  • Freelancer misjudged its IPO allocation and its shares slumped to 52 cents but it is has since recovered to 98 cents and probably has further to run in the long term.
  • An industry disruptor with even greater potential, Xero, is also on the way back after heavy share-price falls.

 

The quest for “ten-bagger” stocks – those that soar tenfold – is usually associated with speculators and penny-dreadful exploration stocks. Not conservative investors, who are allocating part of their superannuation to the next hot small-cap stock.

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