Ah Halloween. The costumes, the candy, the late night slasher flicks on TV, it’s a magical time of year.
But it’s not just the herds of wild, roaming children getting the treats this year; there are also plenty of bargains in store for investors.
Here are four terrifyingly cheap companies to buy this Halloween.
Ainsworth Game Technology Limited (ASX: AGI)
The knives have been out for gaming machine company Ainsworth Game Technology Limited (ASX: AGI) this year as 33% has been slashed from the share price, but the company’s performance is stronger than ever.
Ainsworth sells for just 15x earnings, despite growing both revenue and profit before tax by 23% in FY14. The outlook for international growth remains bright and the 3.4% dividend is a nice Halloween sweetner.
Mayne Pharma Group Ltd (ASX: MYX)
There is nothing scary about rising healthcare star Mayne Pharma Group Ltd (ASX: MYX), however the company’s huge growth will certainly get pulses racing.
Revenue jumped 72% for FY14 and gross profit increased a whopping 92%. The growth was supported by acquisition earnings and the company’s new product launches which are set to expand in FY15.
Lifehealthcare Group Ltd (ASX: LHC)
With a current p/e ratio of just 4.3, medical device distributor Lifehealthcare Group Ltd (ASX: LHC) looks devilishly cheap.
Lifehealthcare has grown both revenue and earnings (EBITDA) consistently over the last four years, yet trades at a bargain price. Revenue in FY14 grew over 13% and the company maintains a strong outlook for FY15 and beyond as the demand for healthcare services and equipment rises.
Senex Energy Ltd (ASX: SXY)
Investors have fled mid-tier oil producer Senex Energy Ltd (ASX: SXY) faster than a haunted house as the price of oil has flopped. Shares are down 23% in the last three months and the company now trades for just over book value.
But this haunted house could turn out to be a beach-front mansion given Senex’s staggering growth prospects. The company is aiming to increase energy reserves by as much as 275% by 2018 to as much as 150 million barrels of oil equivalent (mmobe), yet trades at a p/e ratio of just 15.
Senex has no debt and farm-in agreements will help to fund growth and lessen the risk of falling oil prices.
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*Extreme Opportunities returns as of June 5th 2020
Motley Fool contributor Regan Pearson owns shares in Senex Energy Ltd