MENU

3 mid cap stars with blue chip potential

I think the mid cap space has a number of exciting investment options at the moment which investors should consider.

Three which I think could have the potential to be blue chips in the future are listed below. Here’s why I like them:

Bingo Industries Ltd (ASX: BIN)

Bingo Industries would have to be my favourite mid cap shares right now. I believe the waste management company could have a very bright future ahead of it thanks to its plan to expand nationwide from its predominantly NSW-based operations. I think this long-term growth plan, its defensive characteristics, the industry’s high barriers to entry, and Bingo’s highly profitable operations make it a great option for buy and hold investors.

Bravura Solutions Ltd (ASX: BVS)

This leading provider of software solutions for the wealth management, life insurance, and funds administration industries could be one of the best fintech shares on the local market in my opinion. The main attraction to the company for me is its Sonata web-enabled administration solution. Demand for the product has been growing strongly, leading to a 35% increase in the product’s revenue to $56.7 million during the first half. This means that it now accounts for 55% of the company’s overall revenue.

Helloworld Travel Ltd (ASX: HLO)

While Helloworld may not be the first name that comes to find when you think about investing in the travel industry, I think it is well worth considering. During the first-half of FY 2018 the company grew its net profit before tax by an impressive 39.2% to $26 million. Pleasingly, with demand for its integrated service offering remaining strong, management appears confident that it will have an equally strong second-half. I think this positive outlook makes the company a quality mid cap investment option right now.

As well as Bingo, Bravura, and Helloworld, I think these mid cap shares could have extremely bright futures.

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 owns shares of Bravura Solutions Ltd and Helloworld Limited. 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.

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!