Currently the share prices of many companies included in the S&P/ASX 200 (ASX: XJO) (Index: ^AXJO) are looking pricey…
However, for the individual retail investor, there are always some great stocks waiting to be scooped up if you're prepared to look hard enough.
Here are 10 stocks I've got on my watchlist and, if prices move in a favourable direction, I'll likely add to my long-term share portfolio.
- Bellamy's Australia Ltd (ASX: BAL) is a small-cap company which is seeking to expand its baby formula sales into China. With a market-leading product and proven demand from Asia, keep an eye on this one.
- Yowie Group Ltd (ASX: YOW), the chocolate maker, could also be on the verge of big things. With unique patent protection in the massive U.S. market, Yowie is hoping to break into the consumer economy with the ongoing rollout of its chocolates in supermarkets across the nation.
- Woolworths Limited (ASX: WOW) needs no introduction. The grocery giant has seen its shares sold-off in recent months, as fears grow around its Masters Home Improvement business and a price war with rivals. This could've been overdone.
- Liquefied Natural Gas Ltd (ASX: LNG) was the wonder-stock of 2014, increasing over 1,000%. However LNG Ltd's key challenges still lay ahead, in late 2015.
- Coca-Cola Amatil Ltd (ASX: CCL) is continuing its turnaround strategy with the launch of new beverage brands, marketing and an increased investment in Indonesia.
- Netcomm Wireless Ltd (ASX: NTC) is a junior machine-to-machine telecommunications device developer. The market for M2M will be enormous by 2020 and the profitable Netcomm is positioning itself accordingly.
- XERO FPO NZ (ASX: XRO) is a New Zealand-based cloud computing accounting software developer. The company has recently received a huge cash injection from a prominent Silicon Valley-based venture capital firm.
- G8 Education Ltd (ASX: GEM) is Australia's largest publicly-listed childcare centre owner and operator. Its stock price shot up in recent years on the back of continued earnings and dividends per share growth but has since retreated.
- Slater & Gordon Limited (ASX: SGH) has recently conducted the largest acquisition in its history, in the much larger UK market. The law firm has performed exceptionally well for investors in recent years but this acquisition could result in a step-change to profits.
- My Net Fone Limited (ASX: MNF) is a junior telecommunications company and is a leader in VoIP (Voice over Internet Protocol) services in Australia and now New Zealand. The sector is very hot at the moment and My Net Fone is poised for growth.
Of these 10 companies, I already have a financial interest in seven of them (see my disclosure, below). Whilst I'm holding off buying more shares in Slater & Gordon until after its latest acquisition is integrated into the business, all 10 stocks appear poised for a bigger future.
