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.
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:
- Balance sheet first
- Cash flow next
- Then the P&L
- Build in a margin of safety
- Invest based on value — not hype
Our investment motto: Buy cheap. Be patient.
The excitement? That comes later.
The Results Speak for Themselves
- 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.
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.


















