3 ASX shares at all-time high: Is it too late to invest?

The Bravura Solutions Ltd (ASX:BVS) share price is one of three that just hit an all-time high. Is it too late to invest?

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

On Thursday the Australian share market continued its positive run with another solid gain.

While it is still some way off retracing all the declines made during its October meltdown, some shares have not let that hold them back from pushing even higher.

Three shares that reached an all-time high on Thursday are listed below. Is it too late to invest?

The Bravura Solutions Ltd (ASX: BVS) share price hit an all-time high of $4.76 on Thursday. Investors have been fighting to get hold of the shares of the provider of software solutions for the wealth management, life insurance, and funds administration industries due to its strong performance in FY 2018. Last year Bravura Solutions delivered a 15% increase in revenue to $221.5 million and a 27% increase in underlying net profit after tax to $27 million. The catalyst for this strong growth was its Wealth Management segment which delivered a 52% increase in segment EBITDA to $46.2 million thanks to its Sonata platform. Given the long runway for growth that the Sonata product has, I don't think it is too late to invest.

The Citadel Group Ltd (ASX: CGL) share price zoomed to an all-time high of $9.25 yesterday. The software and services company was another strong performer in FY 2018, delivering a 9.8% increase in revenue to $108.5 million and a 26% jump in net profit after tax to $19.4 million. I'm confident that there will be more of the same in FY 2019 for the information management specialist, thanks largely to the growing popularity of its Citadel-IX platform and a growing need for data security.

The Collins Foods Ltd (ASX: CKF) share price continued its solid run and reached an all-time high of $7.09 on Thursday. Investors have been buying shares in a hurry after the quick service restaurant operator announced plans to expand the Taco Bell brand across Australia following a successful trial in Queensland. Investors appear to believe that this and the company's expansion in Europe with the KFC brand will underpin solid earnings growth over the long term. While I think its shares are about fair value now, I still think they could be worth considering for a long-term investment.

Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia owns shares of Bravura Solutions Ltd and Citadel Group Ltd. The Motley Fool Australia has recommended Collins Foods 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.

More on 52-Week Highs

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
52-Week Highs

13 ASX 200 shares at 52-week highs

These shares are making their shareholders smile on Thursday.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
52-Week Highs

These 5 ASX 200 shares just hit new 52-week highs

Do you own any of these five lucky stocks?

Read more »

ETF on white blocks with a rising arrow on top of coin piles.
52-Week Highs

12 ASX ETFs breaking the mould to hit 52-week highs today

What a day for ASX ETF investors!

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
52-Week Highs

Why is the A2 Milk share price up 46% year to date and at a 52-week high?

This infant formula company's shares have delivered the goods this year.

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Travel Shares

Why is the Webjet share price racing to a 52-week high today?

Webjet has been busy talking up its WebBeds business this morning.

Read more »

Man pointing at a blue rising share price graph.
Financial Shares

Big ASX news: Macquarie share price hits new 52-week high

It's been a great day to own Macquarie shares...

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
52-Week Highs

Metcash share price hits 52-week high on broker upgrade: Time to buy?

Brokers have responded positively to its trading update.

Read more »

a woman sits amid a stylish home setting on a sofa with plush cushions with a coffee table and plant in the foreground while she peruses a tablet device.
52-Week Highs

52-week high! ASX All Ords stock surges 5% as chair steps down

Investors are shopping for Adairs shares after an announced leadership change.

Read more »