If you're investing for yourself, it can be difficult to find stock ideas. So if you're looking for a few growth companies which boast long-term value at current prices, take a look at the next four companies and do your own research. Who knows, they just might turn out to be great investments.
Slater & Gordon Limited (ASX: SGH) is a name synonymous with legal advice throughout Australia. Specialists in personal injury law, their reputation has enabled them to succeed throughout much of the country. The share price has followed accordingly. From $1.50 in 2012 to a current $4.80. Despite the rise, the company's UK expansion is still in its infancy and has room for growth. Although international expansions are risky, management are eying a modest slice of the country's market share and with a proven track record and similar legal environment to that of Australia, the chances of success are high.
Another company pursuing acquisitive growth is Greencross Limited (ASX: GXL). Greencross is a veterinary services provider with operations along the eastern seaboard of Australia. The company has ambitions to control 20% of the market but, so far, only has around 5.8%.
Recently, Cash Converters International Ltd's (ASX: CCV) profit slumped after changes to fees on small loans swept through the industry. These were a major source of income for the retailer. However, it still remains a very exciting growth prospect and the short-term focus of the market has given investors a golden buying opportunity. Cashies is growing in the UK, Australia, New Zealand and now South America. Today its shares are priced for buyers.
Another stock which continues to impress me, but overlooked by the market is Senex Energy Ltd (ASX: SXY). Growing production, reserves, and revenues make this Cooper Basin producer a buy at current prices.
Foolish takeaway
These are four top growth ideas for your portfolio. However, what's written here is not nearly enough to justify an investment. As long-term investors it's important to understand what you're signing up for before you invest. Do detailed research on each stock and determine which one is the best for you and which aren't worthy of your time and money. To quote famous fund manager and stock picker, Peter Lynch: "Owning stocks is like having children – don't get involved with more than you can handle."
