3 ASX shares that could be EOFY bargains

The financial year is drawing to an end and now could be a great time for investors to consider shares like Mantra Group Ltd (ASX:MTR) and Freelancer Ltd (ASX:FLN).

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The last day of the financial year looks like it is going to be a good one for investors with the S&P/ASX 200 (Index:^AXJO) (ASX:XJO) gaining more than 1.6%.

Despite today's rally, the main index is still set to finish the financial year in negative territory with a loss of around 4.2% over the year.

Hopefully your portfolio has fared better with the help of a few good stocks and some healthy dividends!

Looking forward, there are a number of shares that I think could be bargains for the next 12 months, including:

Mantra Group Ltd (ASX: MTR) – After an impressive rally in the second half of 2015, the shares have fallen out of favour with investors and are now trading virtually back to where they started 12 months ago. Investors have been concerned about the potential impact from accommodation disruptor, Airbnb, although I think these fears have been overplayed. Mantra has an impressive and growing portfolio of properties in Australia's major capital cities and is certainly one company that stands to benefit from the growing number of tourists travelling out of Asia. Trading on a price-to-earnings (P/E) ratio of 20, the shares look attractively priced for long-term investors.

Vitaco Holdings Ltd (ASX: VIT) – The shares have struggled to regather any positive momentum despite the company re-affirming its prospectus full year profit forecasts on several occasions. Nevertheless, I think Vitaco offers an attractive value proposition for investors that are looking for exposure to the health nutrition and wellness sector that isn't offered by some of the other larger vitamin companies. Although the company is still at the early stages of targeting the Asian market, it has the manufacturing facilities in place that will allow it to meet the expected increase in demand. The shares are now trading on a P/E of around 16, which is attractive when you compare it to some of the other companies that operate in the sector.

Freelancer Ltd (ASX: FLN) – The world's largest freelancing and outsourcing company has continued to attract new users and projects over the past 12 months and I believe this trend is likely to continue over the next 12 months as well. The company is now operating cash flow positive and is well funded to see it through its next phase of growth. Investors are understandably waiting to see further signs of profitability, but if Freelancer can deliver this over the next 12 months, I think it has the potential to be one of the best-performing technology stocks on the ASX.

Motley Fool contributor Christopher Georges owns shares of MANTRA GRP FPO and Vitaco Holdings. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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