On Thursday the Australian share market pushed higher for the second day in a row.
Amongst the many shares posting gains were the three shares listed below which stormed to 52-week highs or better. Is it too late to invest?
The BHP Billiton Limited (ASX: BHP) share price hit a multi-year high of $35.55 on Thursday. A strong full year result, the potential for a special dividend due to asset divestments, and favourable commodity prices have been the catalyst for BHP’s strong share price performance. The good news is that I don’t believe it is too late to invest in the mining giant’s shares, just as long as a trade war doesn’t hinder global economic growth.
The Coca-Cola Amatil Ltd (ASX: CCL) share price rose to 52-week high of $10.19 yesterday after announcing the joint acquisition of a 45% stake in Made Group. The Melbourne-based healthy beverage company is behind a number of popular brands including Rokeby Farms, NutrientWater, and, my personal favourite, Cocobella. Investors appear to believe this is a step in the right direction for Coca-Cola Amatil given the changing preferences of consumers. While I completely agree with this view, this acquisition isn’t going to move the needle much initially, but could make a difference further down the line. I would class Coca-Cola Amatil as a hold.
The Volpara Health Technologies Ltd (ASX: VHT) share price rocketed to an all-time high of $1.07 on Thursday. Investors have been fighting to get hold of the healthcare technology company’s shares since it announced the receipt of a new FDA 510(k) clearance for technologies used in Volpara Enterprise software and the Volpara Density clinical application. This means the company can now introduce its Volpara Live! System. I expect this to help the company with its aim of growing its market share in the U.S. breast screening market from 3.7% to 9% this year. Although its shares are looking expensive now, I feel that its strong long term growth potential goes some way to justifying this.
You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!
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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 VOLPARA FPO NZ. The Motley Fool Australia has recommended Coca-Cola Amatil Limited. 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.