TPG Telecom Ltd (ASX: TPM) shares, Platinum Asset Management Limited (ASX: PTM) shares and Catapult Group International Ltd (ASX: CAT) shares are among my best ASX ideas today.
TPG Telecom
TPG Telecom is Australia's third-largest telecommunications company and owner of iiNet.
TPG has done a great job of taking the fight to Telstra Corporation Ltd (ASX: TLS) and Optus in broadband and home phones. But now with the NBN rolling out, it is also pushing into mobiles with a 5G network. In addition, it is building out its fibre network and expanding in Singapore.
While these strategies may sound risky, TPG is backed by some heavy-hitters including a major shareholder as Chairman. What's more, it is also very well run. Thanks to a recent sell off I think investors can pick up shares in TPG on the cheap.
Platinum
Platinum shares have rallied 22.5% since I bought them in May. That's a handy return and a good start. While it has reduced the margin for error (the difference between what a share is worth and what you can buy it for — wider equals better), Platinum pays a decent dividend and could go higher over the long run.
At today's prices, Platinum shares are forecast to pay dividends equivalent to 5.5% fully franked (7.8% grossed up).
Catapult Group
Catapult is by far the riskiest investment on this list. The $340 million company is not profitable and is still somewhat speculative. It develops GPS devices that are used by professional sports teams and athletes to monitor gameplay and endurance.
Thanks to an acquisition, Catapult also has a sizeable Video Analytics business which can be used by broadcasters or coaches in real time.
In just one year, the company's share price took a bath falling from over $4 to a low of $1.60 in June. So while Catapult is somewhat speculative I would rather buy shares now than have done so 12 months ago!
Buy, Hold or Sell
For less risk I think TPG Telecom shares are a good buy. Meanwhile, Platinum shares appear to be trading around fair value, perhaps a little lower. Therefore, I'm not in a rush to buy more.
Finally, for a high-risk play, Catapult might be worth a very small position at today's prices.
