Should you buy these unloved ASX shares?

Market darlings such as Aristocrat Leisure Limited (ASX: ALL) and Afterpay Touch Group Ltd (ASX: APT) may have investors fighting to get hold of their shares, but not all shares on the local market share the same positive investor sentiment.

The two shares listed below are amongst the most unloved shares on the ASX right now. But should you give them a chance?

Ardent Leisure Group (ASX: AAD)

Late last year Ardent Leisure agreed to sell its Bowling & Entertainment division to The Entertainment and Education Group for $160 million on a debt and cash free basis. This left the company with just its theme parks business and its US-based Main Event business following previous sales of its marinas and health clubs.

I wouldn’t necessarily expect the selling to stop there either and suspect that management will soon offload its theme parks so it can concentrate fully on the fast-growing Main Event chain. In my opinion this makes Ardent Leisure an attractive option for investors today. Main Event is an excellent business that produces a strong return on investment and has the potential to expand across the United States.

Telstra Corporation Ltd (ASX: TLS)

This telco giant fell out of favour with investors last year when it decided to cut its dividend to 22 cents per share in FY 2018. As disappointing as it was, it had to be done in order for the company to reinvest in future growth opportunities.

Whilst its future is not as certain as it was 10 years ago, I have confidence that management will be able to return the company to growth again in the future. This could make Telstra a decent option for investors, especially given that its shares should provide a fully franked 6% dividend over the next 12 months. This easily beats anything on offer with term deposits and savings accounts.

But if you're not keen on Telstra then check out this fast-growing dividend share.

OUR #1 dividend pick to grow your wealth over the new financial year is revealed for FREE here!

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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…


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!