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Why I would buy these mid cap growth shares this month

I believe there are a large number of quality options for investors to choose from in the mid cap space at present.

Three that tick a lot of boxes for me right now are listed below. Here’s why I think they are worth considering:

Accent Group Ltd (ASX: AX1)

Accent Group, formerly known as RCG Corporation, is a retail conglomerate with a focus on footwear. It owns the Platypus, HYPEDC, and The Athlete’s Foot retail brands, as well as the exclusive licences for many popular international footwear brands in Australia. It was a strong performer in FY 2018, posting a 17.9% increase in underlying net profit after tax to $47.1 million. Pleasingly, it started FY 2019 strongly and reported like for like sales growth of 4.6% for the first seven weeks of the year. However, an update is likely at its AGM next week, so investors may want to keep their powder dry until then.

Bingo Industries Ltd (ASX: BIN)

Bingo Industries is one of Australia’s leading waste management companies. It was also a strong performer in FY 2018, growing earnings ahead of expectations. The good news is that this strong form has continued into the new financial year, allowing management to confidently reaffirm its full year earnings growth guidance of 15% to 20% this week. This guidance does not include the potential benefits of its $577.5 million acquisition of Dial A Dump Industries, which is expected to be finalised by the end of the year if the ACCC approves the deal.

Superloop Ltd (ASX: SLC)

With its shares trading within sight of their 52-week low, I think now could be a good time to take a look at this dark-fibre company. Superloop is a provider of high-speed internet connections and cloud services to corporate businesses across Australia, Singapore and Hong Kong. This week it announced that it has agreed terms with NEXTDC Limited (ASX: NXT) under which it will provide optical layer connectivity to the new INDIGO subsea cable system for both the NEXTDC data centres in Perth and Sydney.

These 3 stocks could be the next big movers in 2020

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In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia has recommended Accent Group. 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.

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