MENU

These 3 ASX shares have tripled in value in 12 months

The All Ordinaries (Index: ^AXAO) (ASX: XAO) may be up a solid 7% over the last 12 months, but that gain pales in comparison to some of the gains being made by shares on the index.

Three shares which have stood head and shoulders above the rest are listed below. Here’s why they have at least tripled in value in the space of 12 months:

The Bellamy’s Australia Ltd (ASX: BAL) share price is up 269% over the last 12 months. This time last year the infant formula company looked like it could be on the verge of going under, but management has miraculously turned things around and the company is a market darling once again. Earlier this week Bellamy’s upgraded its FY 2018 guidance for a second time and now expects revenue to grow between 30% and 35%. As well as this, the company has revised its EBITDA margin guidance to between 20% and 23%. I’ve been very impressed by Bellamy’s performance and think it could be a great option for investors even if its shares have more than tripled in value.

The Clean TeQ Holdings Limited (ASX: CLQ) share price has risen 212% since this time last year. Investors have been fighting to get hold of the company’s shares due to its exposure to the cobalt boom. Clean TeQ’s Syerston Nickel Cobalt Scandium Project in New South Wales is one of the largest and highest grade sources of cobalt outside Africa. This puts it in a strong position to profit from the increasing demand for cobalt to be used in the lithium-ion batteries of electric vehicles.

The Kidman Resources Ltd (ASX: KDR) share price has rocketed 304% during the last 12 months. Kidman has attracted a growing number of admirers over this time thanks to the lithium miner’s world class Mt Holland asset. While I do think the Kidman has a lot of potential, I feel that this rally higher now means that its shares are about fair value. In light of this, I would class the miner as a hold now.

Looking for the next shares to rocket? Then don't miss these exciting shares.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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!