I think there are a large number of high-quality mid cap shares on the local share market right now that could be great long-term investments.
Three of the best in my opinion are listed below. Here's why I like them:
Bravura Solutions Ltd (ASX: BVS)
This fast-growing fintech company is a provider of software solutions for the wealth management, life insurance, and funds administration industries. Demand for its Sonata web-enabled administration solution has been growing at an impressive rate over the last 18 months, leading it to become the biggest contributor of the company's total revenue. Due to the quality of the platform and its sizeable market opportunity, I think Bravura is a company with a bright future ahead of it.
Collins Foods Ltd (ASX: CKF)
Collins Foods is one of the largest franchisees of KFC restaurants in the world. While its store network has grown significantly over the last few years, thanks to its expansion plans in an underpenetrated European market, I believe there is still a lot of growth left in its tank. I feel that this should put Collins Foods in a position to achieve above-average earnings and dividend growth for many years to come. This could make it a great option for investors at a reasonable 19x trailing earnings.
Helloworld Travel Ltd (ASX: HLO)
This travel booking company had a fantastic first half of FY 2018 and delivered a 39.2% increase in net profit before tax to $26 million. This was driven largely by the growing demand for its integrated service offering. With tourism into and out of Australia continuing to grow strongly, I believe Helloworld Travel can deliver solid profit growth for the foreseeable future. Another bonus is that its shares trade at a significant discount to many of its travel industry peers at just 17x estimated full-year earnings.