Due to having a higher than average tolerance for risk, I'm a big fan of growth shares and you'll find a number in my portfolio.
I'm looking at adding a couple more to my portfolio in the near future and three that I'm considering are listed below. Here's why I like them:
Bellamy's Australia Ltd (ASX: BAL)
This organic infant formula company looks set to have a disappointing FY 2019 due largely to delays in gaining its CNCA accreditation. This accreditation is required to sell Chinese labelled products in that lucrative market. However, management remains confident that its accreditation is coming and I see no reason to doubt this. When it does arrive I expect its sales to be given a huge lift. You only need to look at the strong demand that it is experiencing from daigou shoppers that send its Australian labelled products over to China to see this. Supermarkets have had to put limits on the number of items that shoppers can buy in order to keep their shelves stocked for local buyers.
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions is a provider of software solutions for the wealth management, life insurance, and funds administration industries. While the whole of the business is growing, the main attraction to the company for me is its Sonata wealth management platform. This has been the key driver of growth in recent years and shows no signs of slowing. In FY 2018 the platform's growing popularity underpinned its 27% increase in underlying net profit after tax to $27 million. Given its large market opportunity I believe this level of growth can continue for the foreseeable future.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Domino's Pizza Enterprises is one of the most divisive shares on the local market. And while I was a little underwhelmed with its performance in FY 2018, I don't think it was as bad as many make out. Further, I think it well worth sticking with the company as it has growth plans in place that will nearly double the size of the company in the next few years. If it executes these plans successfully then I expect shareholders will be rewarded handsomely. Because of this, I feel it could be worth dealing with the short term pain for the long-term gain.
