Since the start of the year the All Ordinaries (Index: ^AXAO) (ASX: XAO) has carved out a gain of over 7%.
Whilst this is impressive, it is nothing compared to some of the gains that have been made on the index.
Three high-flying shares are listed below. Is it too late to invest?
The Bingo Industries Ltd (ASX: BIN) share price has climbed 18% so far in 2019. The waste management company's shares have been on the rise after it announced plans to divest its waste processing facility in Banksmeadow. The company made the move in order to address an ACCC preliminary concern in relation to its proposed acquisition of Dial A Dump Industries. The market appears optimistic that this will lead to the competition watchdog approving the acquisition in February. I'm a big fan of Bingo and believe it will be a great long-term investment if the ACCC allows the acquisition to go ahead.
The Corporate Travel Management Ltd (ASX: CTD) share price has stormed 15% higher year to date. The corporate travel specialist's shares were hammered last year due to the release of a short seller report from VGI Partners. Although both the company and an auditor have refuted VGI's claims, its shares are still down significantly from their September high. While I believe this could be a buying opportunity, I suspect VGI Partners may reappear after the release of its half year results. In light of this, I intend to keep my powder dry for the time being.
The G8 Education Ltd (ASX: GEM) share price has zoomed 18% higher so far in 2019. Investors have been fighting to get hold of the childcare centre operator's shares following the release of several positive broker notes. For example, a note out of Morgan Stanley last month shows that its analysts have a buy rating and $4.00 price target on its shares. The broker believes that conditions in the industry are improving and the long term supply/demand dynamics are compelling. While I'm not a buyer just yet, if trading conditions are improving then G8 Education could be worth a look.
