Like Bluetooth but better: ASX share excites fundie

One fund manager sees blue skies for a particular small-cap ASX share, saying it potentially has an “unregulated monopoly” in its sector.

Medallion Financial Group managing director Michael Wayne told the Switzer Investor Strategy Day that he’s very bullish on the long-term prospects of Audinate Group Ltd (ASX: AD8).

Audinate is a maker of digital networking protocol software for audio distribution. Its flagship product is called Dante, and it allows big stadium and arena events to replace numerous cables with a digital signal.

Wayne said the company’s fortunes nosedived during the COVID-19 downturn last year.

“They’ve been doing it tough. There’s been less outdoor concerts, less sporting events.”

But Wayne reckons…