Although the market has gone sideways over the last month or so, a number of shares have managed to continue climbing higher unabatedly.
Three shares which have just touched on new highs are listed below, is it too late to invest?
The Boom Logistics Limited (ASX: BOL) share price reached a multi-year high of 27 cents this morning. Investors have been fighting to get hold of the shares of the provider of crane logistics and lifting solutions since its annual general meeting last month. At the meeting management revealed that Boom has had a great start to the year thanks to its largest windfarm construction project at Mt Gellibrand. EBITDA for the first four months of FY 2018 has reached $8 million, up significantly from $4.5 million in the prior corresponding period. I think Boom could be worth a closer look despite this gain.
The Dicker Data Ltd (ASX: DDR) share price reached an all-time high of $3.05 today. As well as being popular with income investors due to the generous dividend it pays in quarterly instalments, investors appear to believe that the wholesale distributor of computer hardware and software is in a great position to grow at an above-average rate thanks to its market-leading position and the rapid growth of the cloud computing market. While it is no longer a bargain buy, I think Dicker Data is still good value.
The Lovisa Holdings Ltd (ASX: LOV) share price climbed to an all-time high of $6.90 this morning. I can’t say I’m surprised by this rise due to the successful international expansion of the fast-fashion jewellery retailer. Lovisa recently opened up a store in the United States. If this tests well then I believe it could be the first of hundreds in the lucrative market. This could arguably make Lovisa a great buy and hold investment option.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Dicker Data Limited. 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.