These boring shares could provide exciting returns

Whilst it can be fun to invest in exciting tech shares like Appen Ltd (ASX: APX), which operates in the artificial intelligence and machine learning industries, investing in boring industries can be just as rewarding.

Two boring shares which I think investors ought to consider buying today are listed below.

Bingo Industries Ltd (ASX: BIN)

It certainly is hard to get excited about waste management, but don’t let that put you off investing in Bingo Industries. The $1.1 billion waste management company has been a big hit since its IPO and I expect more of the same over the next decade.

This is because the predominantly New South Wales-based company intends to expand its footprint nationally over that time. If this is a success, it could put Bingo Industries in a position to deliver above-average earnings growth for a long-time to come. In the first-half of FY 2018 the company posted a 37.1% increase in pro forma NPAT to $21.3 million.

BWP Trust (ASX: BWP)

One of Australia’s best retail companies in my opinion would be the Wesfarmers Ltd (ASX: WES) operated Bunnings Warehouse. As of the end of the third quarter, the hardware retailer had achieved sales of $9.6 billion in Australia and New Zealand, up 9.6% on the prior corresponding period. This made it Wesfarmers’ best performing retail asset during the period.

One of the best ways to gain exposure to Bunnings Warehouse is through BWP Trust. The majority of its properties are tenanted by Bunnings, putting BWP in a position to benefit from the retailer’s strong growth and expansion plans. Its shares have provided an impressive total average return of 13.5% per annum over the last 10 years. I believe more market-beating returns could be on the way, especially with its shares providing a trailing 5.5% dividend at present.

That's enough boring shares for now, so here are some exciting shares which are delivering staggering profit growth right now.

Top 3 ASX Blue Chips To Buy In 2018

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended BWP Trust. 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.

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