I think the Australian share market is home to some high quality mid cap shares with strong long-term growth potential.
Three that I think are among the best on offer right now are listed below. Here's why I like them:
Helloworld Travel Ltd (ASX: HLO)
The shares of this integrated travel company have recently dropped back a touch after its CEO and Qantas Airways Limited (ASX: QAN) sold down their respective stakes. However, I feel it is important to understand the reason for this sell down. Which was to increase liquidity to improve the chances of its shares being included in the ASX 300 at the next rebalance. I expect the inclusion into the index would bring the company's shares onto the radar of fund managers and potentially lead to a positive rerating to an earnings multiple more in line with its rivals.
Kathmandu Holdings Ltd (ASX: KMD)
One of my favourite options in the retail sector right now would have to be this outdoor and adventure retailer. Last month the company released its full year results and revealed an 11.7% lift in sales to NZ$497.4 million and a 32% increase in net profit after tax to NZ$50.5 million. I expect more of the same in FY 2019 and beyond thanks to its plans to accelerate the international growth of its Kathmandu and Obōz brands.
Kogan.com Ltd (ASX: KGN)
Despite the arrival of Amazon in Australia this ecommerce company continued its remarkable growth in FY 2018. It posted gross transaction value of $492.6 million, revenue of $412.3 million, and a net profit after tax of $14.1 million. This was a year-on-year increase of 47.3%, 42.4%, and 110.4%, respectively. Pleasingly, thanks to its fast-growing online retail business and expansion into countless other verticals, I believe Kogan.com can continue growing at an above-average rate for some time to come.
