3 mid cap growth shares I would buy today

I think there are a great number of high-quality mid cap growth shares on the Australian share market right now that would be great long-term investments.

Three that tick a lot of boxes for me are listed below. Here’s why I like them:

Bingo Industries Ltd (ASX: BIN)

Arguably my favourite share in the mid cap space right now is this waste management company. Bingo Industries smashed expectations in the first half of FY 2018 when it delivered revenues of $141.7 million and pro forma net profit after tax of $21.3 million. This was a 43.2% and 37.1% increase, respectively, on the prior corresponding period. I expect the strong demand Bingo is experiencing, new contract wins, and recent price increases will lead to an equally strong second-half.


Unlike Bingo Industries, BWX fell well short of expectations during the first-half of FY 2018. This was down partly to teething issues for some of its new acquisitions. While there are concerns that the new additions may not be as successful as first hoped, I think the selloff that ensued has been overdone. BWX’s shares are down almost 40% from their 52-week high to a level that I think is attractive for buy and hold investors. I’m not alone in thinking this way. Last month the company’s CEO picked up $800,000 worth of shares through an on-market trade.

Helloworld Travel Ltd (ASX: HLO)

Another company that outperformed the market’s expectations during the first half of FY 2018 was Helloworld. It delivered an impressive 39.2% increase in net profit before tax to $26 million thanks largely to the growing demand for its integrated service offering. Although its shares have rallied 20% higher since this time last year, at just 17x estimated full-year earnings I think Helloworld is trading at a very attractive level.

Looking for more stellar investment options in the mid cap space? These up and coming stars of the future could be the ones to watch.

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 and has recommended BWX Limited. The Motley Fool Australia owns shares of 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…


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!