If you’re looking for growth shares then I think the mid cap side of the market is a great place to start.
At this side of the market there are a good number of companies with the potential to grow materially in the future.
Three to consider buying are listed below:
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions is a ~$1.1 billion fintech company which provides software and services to the wealth management and funds administration industries. The key product in Bravura’s portfolio for me is the Sonata wealth management platform. This software is used to connect and engage with clients anytime, anywhere, via computers, tablets or smartphones. I expect demand for the platform to continue to grow and drive strong earnings growth in the coming years.
Bubs Australia Ltd (ASX: BUB)
Bubs is a $605 million infant formula and baby food company. It has come a long way in recent years and now sees its products stocked in hundreds of Coles Group Ltd (ASX: COL) and Woolworths Group Ltd (ASX: WOW) supermarkets across the country. Thanks to this and growing demand from China, I’m optimistic the company has now reached a scale which will make its operations more and more profitable in the coming years. As a result, I think it could be a great long term option for investors.
Kogan.com Ltd (ASX: KGN)
Another option to consider is $840 million ecommerce company, Kogan. I believe Kogan has the potential to grow very strongly in the coming years thanks to the popularity of its offering and the ongoing shift to online for shopping. At present only ~10% of consumer spending is online, but this is likely to grow materially over the next couple of decades. I expect Kogan to be one of the biggest winners from the shift.
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More reading
- 1 ASX growth company I’d buy with $2,000
- 3 ASX retail shares to own for the next 20 years
- $2,500 invested in these 3 ASX shares could make you a fortune in 10 years
- The Bubs share price is up 20% in May, will it catch up to the A2 Milk share price?
- 2 millionaire-maker ASX internet growth shares
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd and BUBS AUST FPO. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia owns shares of COLESGROUP DEF SET and Woolworths Limited. The Motley Fool Australia has recommended Bravura Solutions Ltd and BUBS AUST FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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