In less than two months, this financial year will end, so I want to look at some of the companies that have made solid share price moves in the last three months. These three stocks are not the ones that have made the biggest gains during that period, but they are at interesting points in their business.
Real estate investment trust Shopping Centres Australia Property Group Ltd (ASX: SCP) owns neighbourhood and sub-regional shopping centres in many states and New Zealand. In the past three months the share price has risen about 14% to $1.69. It has a dividend yield of 4.9%.
57% of the store tenants are operated by Woolworths Limited (ASX: WOW), in addition to specialty stores and a small percentage of stores owned by Wesfarmers Ltd (ASX: WES). It could be a good addition to a portfolio to take advantage of longer-term consumer spending growth.
Sigma Pharmaceutical Limited (ASX: SIP) distributes pharmaceutical products through pharmacy and grocery sales channels as well as providing services to retail pharmacists. It has such brands as Amcal, Amcal Max and Guardian.
Since early February, its share price is up 26% to $0.72. Its dividend yield is 4.1%.
It plans to reduce costs by developing new distribution centres – one in Sydney and possibly another in Brisbane. It recently acquired the Central Healthcare Group, a pharmaceutical wholesaler that supplies and services hospitals and retail pharmacies.
Carsales.com Ltd (ASX: CRZ), the auto listings website, has gained 23% in share price in the last three months. Overseas investments in similar auto websites in South Korea, Brazil and South East Asia shows its drive to maintain its strong growth record.
The stock is back on the upwards trend that started in early 2012, yet was interrupted briefly in November last year when some auto manufacturers were said to be directing their dealerships to reduce their car listings from the site.
This didn’t take place in any great volume, which shows the value the website holds amongst dealerships to have their cars advertised there. The temporary price correction was an opportunity to pick up the stock at a discount as it rose from about $8.70 to about $11 currently.
Although all three are up in price, there may still be an opportunity for a position at an attractive price level if you believe the growth story is there.
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Motley Fool contributor Darryl Daté-Shappard does not own shares in any company mentioned.