It’s much more gratifying to know that you own one of the best performing shares in the ASX200, rather than an average performer, or even a bad performer.
The top five performing shares in the ASX200 over the past year have more than doubled their share prices.
Here are the top five performers:
a2 Milk Company Ltd (ASX: A2M)
The dairy company’s share price has increased from $2.40 to $12.95 over the past year, representing a 440% gain. The company has done an excellent job of tapping into local and international demand for its products. There could be a lot more growth to come from the USA and Chinese markets.
Altium Limited (ASX: ALU)
The electronic PCB software company’s share price has grown from $7.48 to $21.95 during the past 12 months, this equates to a 193% rise. Altium is experiencing strong growth due to the increase of the change to an ‘Internet of Things’ world. Management are predicting that profits could go up even more as revenues and profit margins increase.
Lynas Corporation Ltd (ASX: LYC)
Rare earths miner Lynas has seen its share price grow from $0.95 to $2.46 over the last year, which means it has gone up by 159%. Rare earths are being used in more and more in everyday items and processes, meaning Lynas’ gains may not be finished.
Aconex Ltd (ASX: ACX)
Construction management platform company Aconex has seen its share price increase from $3.52 to $7.78, which represents growth of 121% during the past 12 months. The company is going to be acquired by Oracle.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
The TV company’s share price has grown from $1.07 to $2.29, which means it has grown by 114% over the past year. Channel 9 is winning the ratings war with its rivals and it’s predicted to attract more advertising revenue.
It’s hard to say that any of these shares are buys at the moment because of how well they’ve done. I’d wait for a pullback before pushing the buy button on any of them, particularly a2 and Altium.
However, I think these top stocks would be much better buys at today’s prices.
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 Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of and has recommended ACONEX FPO. The Motley Fool Australia owns shares of A2 Milk and Altium. 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 Scott Phillips.