MENU

Why these top shares more than doubled in value in 2017

Thanks to a strong run since October, the All Ordinaries (Index: ^AXAO) (ASX: XAO) is on course to deliver a return of 8% in 2017.

While this is undoubtedly a strong return, it is nothing compared to some of the returns that shares on the index have made this year.

Here’s why these three shares have more than doubled in value this year:

The Appen Ltd (ASX: APX) share price has climbed a remarkable 181% since the turn of the year. An impressively strong half-year result and guidance upgrade was a key catalyst for this gain, as was the acquisition of Leapforce in November. Appen paid $80 million for the specialist in search relevance with a highly automated, proprietary end-to-end technology platform. Management expects the deal to be at least 35% accretive to underlying earnings per share.

The Pilbara Minerals Ltd (ASX: PLS) share price has jumped 124% since the start of the year. The signing of a major offtake agreement with Great Wall Motors and the growing demand for lithium has largely been the driver behind this impressive gain. I think its shares are about fair value now and would class them as a hold.

The Updater Inc (ASX: UPD) share price has rocketed 211% this year. Investors appear to have been impressed with the market penetration achieved by the US-based relocation technology company. At the last count, approximately 16.6% of all U.S. relocations were handled by its platform. This is a level in which management believes it can monetise the platform and plans to launch a series of revenue generating services.

Looking for big gains in 2018? Then don't miss these high-flying blue chips...

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!