The All Ordinaries (Index: ^AORD) (ASX: XAO) has had a pretty average month. Problems in the Middle East and Europe have resulted in the index falling nearly 2.5% over the last month, wiping out most of the gains achieved in July and August.
Through this doom and gloom however, there are a group of stocks hitting new highs because investors expect them be much bigger companies in 12 to 24 months' time.
I've found three stocks that have rocketed higher over the last four weeks. Could there be further gains to come? These quality companies could certainly surge higher and drive big shareholder returns over the next 12 months.
Here are three top performers:
My Net Fone Limited (ASX: MNF) is up 12% over the last month after the company delivered a bumper 40% jump in profit that beat expectations for last financial year. Investors have jumped on this small-cap growth stock, expecting that it can continue to grow its exciting wholesale and retail Voice over Internet Protocol (VOIP) service further in the short term.
Healthscope Limited (ASX: HSO) listed on the ASX in July and has quickly drawn comparisons to extremely successful larger rival Ramsay Health Care Limited (ASX: RHC). Healthscope's share price has surged nearly 11% over the past month as investors place more faith in management to boost margins through upgrades to existing hospitals and sensible acquisitions.
Finally, logistics group Qube Holdings Ltd (ASX: QUB) is up 12% this month, and at all-time highs, after delivering a 20% rise in profit on 14% revenue growth for the 2013-14 financial year. Qube's profit comes from the movement of goods for import and export and is part of a consortium that has proposed a new logistics hub in NSW. This long-term opportunity has investors excited for the market dominance to come. Qube's reliable earnings and steady growth is attractive to long-term investors, however many would like to see a boost to the current dividend yield of around 2%.
