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Issue 700: 15 Years of Finding ASX Small Caps Before the Crowd


From 2 Stocks… to 700 Reports

Fifteen years ago, I launched Under the Radar Report with a simple idea:
Bring institutional grade ASX Small Cap stock picking and research to all ASX investors.

To find ASX small caps before everyone else does.

Our very first sample report featured just two stocks:

  • King Island Scheelite (ASX: KIS) – a tungsten miner
  • AUB Group Limited – then known as Austbrokers

If you had invested in both, the outcome would have been extraordinary.

One didn’t go anywhere. But the other? Delivered over 12x returns.

That’s the power of small caps.

AUB 20 year share price May 2026

To celebrate 15 years and 700 reports, we’re giving away Issue 700 completely free.


Small Caps Can Be Life-Changing

Back then, Austbrokers was worth around $300 million.
Today, it’s worth over $3.2 billion.

That’s not luck.

That’s what happens when you:

  • Identify quality early
  • Buy at the right price
  • Stay patient

A fund manager I interviewed back then said:

“All you need is a few stocks to double.”

He was right.

But small caps can do far more than that.


The Asymmetry That Builds Wealth

Small cap investing has a simple but powerful dynamic:

  • Downside: Limited to what you invest
  • Upside: Potentially unlimited

That’s how wealth is built.


700 Reports. One Consistent Strategy.

Today, we’re celebrating:

  • 15 years of research
  • 700 Small Cap Reports

What’s driven that success?

👉 Consistency

We’ve delivered:

  • Weekly reports, without fail
  • Actionable ideas you can invest in today
  • Institutional-grade research for everyday investors

We’ve levelled the playing field.


Our Investment Process (Still Unchanged)

Markets change. Our process doesn’t.

We focus on fundamentals:

  1. Balance sheet first
  2. Cash flow next
  3. Then the P&L
  4. Build in a margin of safety
  5. Invest based on value — not hype

Our investment motto: Buy cheap. Be patient.

The excitement? That comes later.


The Results Speak for ThemselvesUnder the Radar_ 15 years performance results

  • 300+ ASX stock tips
  • ~100% average return
  • 106% average on Best Buys
  • ~20% p.a. returns across small cap & dividend portfolios (last 3 years)

This isn’t theory.

This is real performance.


Why Issue 700 Matters Right Now

Inside Issue 700, we’ve included:

  •  A special nuclear & uranium report
  •  Stocks positioned for the next energy cycle
  •  Our latest high-conviction ideas

We were early on uranium in 2020–2021.

We took profits.

Now?

We see another opportunity emerging.

Small Caps 700th Edition Banner


We Find Stocks Before the Crowd

Most investors hear about small caps after the gains are gone.

We focus on:

  • Early-stage opportunities
  • Undervalued businesses
  • Stocks “outside the flags”

That’s where the real money is made.

To celebrate 15 years and 700 reports, we’re giving away Issue 700 completely free.

No subscription required. Full access to our latest research. See exactly how we find winning stocks.

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Richard Hemming

Founder, BA (Econ, maths statistics), FSIA

Richard is an experienced equities analyst, stockbroker, and financial editor, having worked for over 30 years in finance.

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