3 shares that can’t seem to stop climbing in 2018

Shareholders have benefited from strong returns from these companies over the past year.

And they are continuing their upward trends. Ltd (ASX: KGN) Ltd was a standout performer in 2017 with its share price gaining more than 300 per cent over the past year.

Shareholders enjoyed more gains on Wednesday as the company’s share price headed up another 5.46 per cent and is now trading for around $6.96.

The company, led by its founder Ruslan Kogan, holds a portfolio of retail and services businesses including Kogan Retail, which consists of the and retail websites, Kogan Mobile, Kogan Internet, and Kogan Travel.

The company posted a net profit after tax of $7.2 million for financial year (FY) 2017, up 800 per cent on the previous year’s result.

Bravura Solutions Ltd (ASX: BVS)

The Bravura share price continues to rise, notching up another 5.7 per cent on Wednesday which adds to gains totally almost 50 per cent over the year.

Bravura provides software solutions and services for the administration of superannuation, pensions, and life insurance, among other functions.

The company, which listed on the ASX in November 2016, now has a market capitalisation of about $407 million.

Bravura posted a net profit after tax of $22.3 million, exceeding its IPO expectations by about 6 per cent.

Bellamy’s Australia Ltd (ASX: BAL)

The Bellamy’s Australia share price continues to storm up the charts, gaining another 5.9 per cent on Wednesday.

Bellamy’s Australia’s shareholders have now seen returns exceeding 250 per cent and the company’s shares are up to $14.48.

Morgans recently upgraded its price target on the Bellamy’s Australia share price to $14.70 from $9.95.

The infant formula company that hopes to cash in on the lucrative Chinese market also recently upgraded its revenue growth guidance to between 30 per cent and 35 per cent, up from a previous forecast ranging from between 15 per cent and 20 per cent.

Bellamy’s Australia reported revenue of $240.2 million for FY 2017.

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Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Bravura Solutions Ltd. The Motley Fool Australia has recommended 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.

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