The All Ordinaries (Index: ^AXAO) (ASX: XAO) may be down 5.5% over the last 12 months, but not all shares on the index have fared so poorly.
In fact, the three shares listed below have outperformed the market by a significant margin.
Is it too late to buy these high flying All Ords shares?
The Cleanaway Waste Management Ltd (ASX: CWY) share price has surged over 21% higher since this time last year. The waste management caught the eye in FY 2018 after it delivered a 42.5% increase in net profit after tax to $103.3 million. While the acquisition of the Toxfree business gave its result a small boost, the majority of its earnings growth came organically. Pleasingly, FY 2019 looks set to be similarly strong thanks to the full year contribution of Toxfree and the expected growth from all three of its operating segments. I think Cleanaway could be worth a closer look even after its impressive gain.
The St Barbara Ltd (ASX: SBM) share price is up 21% over the last 12 months. St Barbara and its gold miner peers have benefited greatly in recent months from increasing demand for safe haven assets due to high levels of market volatility. Unfortunately for St Barbara, global equity markets appear to be calming now, leading to investors switching back to risk assets. Because of this, I would stay away from the gold miners for the time being.
The Xero Limited (ASX: XRO) share price has rocketed 40% higher since this time last year. Investors have been fighting to get hold of the business and accounting software company's shares after its impressive first half result. In the first half of FY 2019 Xero reported a 37% jump in first half revenue to NZ$256.5 million and a 40% lift in its annualised monthly recurring revenue to NZ$589.1 million. This was driven by the addition of 193,000 net subscribers, taking its total to just under 1.6 million, and a 6% increase in the average revenue per user metric. Despite its strong gain over the last 12 months, I don't think it is too late to make a long-term buy and hold investment.