I think some of the most investable shares on the Australian share market can be found in the mid cap space.
While there are a great number of quality shares in the space to choose from, three of my favourites in this area are listed below.
Here's why I like them:
Altium Limited (ASX: ALU)
Due to the growing popularity of its software and the incredible growth of the Internet of Things (IoT) market, I think Altium is a company with enormous growth potential. Altium's award-winning software allows its users to design printed circuit boards (PCBs). As the majority of IoT/connected devices require a PCB inside them, I expect demand for software licenses will increase significantly in the future and drive strong bottom line growth.
Bellamy's Australia Ltd (ASX: BAL)
Bellamy's could be a great buy and hold investment option in my opinion thanks to the insatiable demand for Australian/New Zealand infant formula in the China market. With new regulations making it harder to sell the product in the lucrative market, I believe the lower levels of competition will allow Bellamy's to win a greater share of the market once its products are approved. The strong sales growth that this would provide, combined with potential price increases, could lead to Bellamy's achieving above-average earnings growth for many years to come.
Bingo Industries Ltd (ASX: BIN)
I think that this waste management company could also be a great buy and hold option. Although it is not the most exciting industry, waste management is largely recession-proof, has high barriers of entry, and will grow along with the population. In addition to this, I feel Bingo Industries can grow at an even stronger rate thanks to its plans to expand nationwide over the next decade.
