If you're a growth investor then you're in luck because the Australian market has a large number of quality growth share options to choose from.
Three of my favourites right now are listed below. Here's why I like them:
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions is a fast-growing provider of software solutions for the wealth management, life insurance, and funds administration industries. Bravura's flagship product is the increasingly popular Sonata wealth management platform which has been a key driver of its growth in recent years. In FY 2018 Sonata revenue increased 32% to $122.5 million, meaning it now contributes 55% of total company revenue. Due to the quality of the product and its sizeable addressable market, I expect this strong growth could continue for many years to come.
Costa Group Holdings Ltd (ASX: CGC)
Costa is one of Australia's largest food producers growing berries, tomatoes, mushrooms, citrus fruit, and avocados. As well as benefiting from population growth and healthier diets here in Australia, I believe Costa is well-positioned to profit from the growing demand for Australian produce in Asia. This and its long-term production expansion plans could mean Costa continues its above-average earnings growth for the foreseeable future. As a result, I think it could be a good buy and hold option for growth investors.
Domino's Pizza Enterprises Ltd (ASX: DMP)
It certainly has been a volatile couple of years for this pizza chain operator. But with short interest declining and its shares moving higher, it appears as though the market believes that Domino's is over the worst of its issues now and is focusing on its long-term future instead. Which, in my opinion, is incredibly bright due to its growth plans. Management intends to almost double its store network over the next seven years in the existing territories that it operates in. If it delivers on this and can lift its margins by leveraging technology then it should lead to strong earnings growth over the next few years.
