I believe there is a lot of quality in the mid cap space right now for investors to choose from. So much so, I suspect investors may have trouble deciding which shares to buy ahead of others.
To help you on your way I have picked out three top mid cap shares that I would consider buying this week. They are as follows:
Accent Group Ltd (ASX: AX1)
Accent Group, formerly known as RCG Corporation, is a footwear retailer which I think would be a great option for investors right now. It is the company behind retail stores including Athlete's Foot and HYPE DC and has exclusive licenses for a wide range of popular footwear brands in Australia. In FY 2018 Accent posted a 17.9% jump in net profit after tax to $47.1 million. Pleasingly, in its results release management also reported a solid increase in like for like sales so far in FY 2019, putting the company in a position to deliver a strong result again this year. Another bonus is that its shares provide a generous and fully franked dividend.
Codan Limited (ASX: CDA)
Codan is a radio communications, metal detection, and mining technology company that I think would be well worth a closer look. In FY 2018 management estimates that base-business net profit after tax increased to between $25 million and $30 million from $20 million to $25 million a year earlier. Codan uses a base-business estimate to strip out the outperformance that can occur from time to time due to large one-offs, thus making a fairer comparison. The good news is that I expect more of the same in FY 2019 thanks to the strength of its core business, new product releases, and a global licensing agreement with U.S. giant Caterpillar for its Minetec business.
Kogan.com Ltd (ASX: KGN)
With Australia's ecommerce market expected to grow at a strong rate over the coming years as more and more shopping shifts online, I believe this fast-growing ecommerce company could be a big winner. While I was disappointed that the company decided against providing a trading update or guidance in its full year results, I remain confident that Kogan is positioned to have another strong year in FY 2019. So with its shares down 38.5% from their 52-week high, now could be an opportune time to pick them up.
