3 exciting small ASX shares to watch after strong results

There are some small ASX shares that reported impressively according to Naos Asset Management. They could be worth watching. 

One of the listed investment companies (LICs) in Naos’ stable is called Naos Emerging Opportunities Company Ltd (ASX: NCC). It targets small stocks with market capitalisations under $250 million. This LIC generally invests in industrial companies.

Since the LIC’s inception, its portfolio’s investment performance after all operating expenses, but before fees and taxes, was 12.3% per annum to the end of February 2021.

Despite a negative impact from its holding of BTC Health Ltd (ASX: BTC), the Naos Emerging Opportunities Company investment portfolio managed to make a return of 4.3% in February…