Over the last 12 months the All Ordinaries index is down approximately 3.1%.
Fortunately, not all shares on the index have performed as poorly over the period. In fact, some have not only pushed higher during this time, but more than doubled in value.
Here's why these three shares have doubled:
The Afterpay Touch Group Ltd (ASX: APT) share price has rocketed 110% over the last 12 months. Investors have been fighting to get hold of the payments company's shares after its strong start to life in the US market demonstrated the significant potential of the Afterpay platform globally. Afterpay Touch recently advised that its US business processed $260 million of underlying sales in the first half of FY 2019, with annualised underlying sales now in excess of $500 million. In the ANZ market approximately $2 billion in total underlying sales were processed through the platform during the half, more than double the prior corresponding period.
The Jumbo Interactive Ltd (ASX: JIN) share price has also rocketed 110% higher over the last 12 months. The main catalysts for this incredible gain were its financial performance in FY 2018 and positive outlook for this year. The lottery ticket seller posted a 55% increase in net profit after tax from continuing operations to $11.8 million last year. This was driven by a large jump in new customers and the average spend per customer. Management remains confident that its strong growth can continue in FY 2019 and recently provided full year guidance of 38% revenue growth and 78% EBIT growth. Though, that hasn't stopped its CEO Mike Veverka from offloading a meaningful number of shares this month.
The Nearmap Ltd (ASX: NEA) share price has been the best performer on the All Ordinaries over the period with a stunning 200% gain. Like Afterpay Touch, the main driver of this impressive gain has been the performance of its US business. Earlier this month the geospatial map technology company released its preliminary half year results for FY 2019 and revealed that annual contract value (ACV) was up 42% on the prior corresponding period to $78.3 million. This was driven by a 107% increase in U.S. ACV and a 23% lift in Australian ACV.
