The ASX is full of great businesses and sadly I don't own some of them.
Here are three shares that I really want to own in the future if I can buy them at a good price:
REA Group Limited (ASX: REA)
REA Group has stakes in several leading property websites around the world. It currently has a market capitalisation of $8.3 billion.
The owner of realestate.com.au has a great competitive advantage over its rivals having built up the site to have the most houses on offer which attracts the most prospective buyers. This virtuous circle helps it remain the number one property site in Australia.
I really want to own REA Group because it has great financial metrics, a great balance sheet, an impressive growth runway and would give good exposure to the property market without owning property.
REA Group is trading at 31x FY18's estimated earnings with a grossed-up dividend yield of 1.94%. I will be very interested in buying REA Group shares if the price goes under $50 again.
MFF Capital Investments Ltd (ASX: MFF)
MFF Capital is a listed investment company run by Magellan Financial Group Ltd (ASX: MFG). It currently has a market capitalisation of $928 million.
Most Australians don't have much exposure to overseas-listed companies. MFF Capital is a great way to get that exposure, particularly with its impressive performance. Over the last five years it has returned an average of 24.1% per annum.
MFF is currently trading with a grossed-up dividend yield of 1.48%.
Crown Resorts Ltd (ASX: CWN)
Crown Resorts is one of Australia's largest entertainment companies with a market capitalisation of $9.2 billion.
There is a growing tourism boom, particularly from Asia. Australia and some companies can significantly benefit if they take the right action. Crown Resorts has a number of projects planned over the next decade that could give a major boost to revenue and profit.
Crown is currently trading at 21x FY18's estimated earnings with a partially franked dividend yield of 4.7%. I will be looking at Crown shares if they go under $12 again.
Foolish takeaway
I want to buy all three of the above companies, but it has to be for the right price. MFF Capital looks the most attractive to me at the current prices.
For more great shares that I am really interested in buying, you should read this.
