Earlier today I looked at three shares that have fallen heavily over the last 30 days.
The good news is that not all shares on the index have taken a tumble and some have managed to carve out impressive gains for their shareholders.
Three that have caught my eye are listed below. Is it too late to invest?
The BINGO Industries Ltd (ASX: BIN) share price has been the best performer on the ASX 200 over the last 30 days with a gain of 39%. The catalyst for this strong rise was news that the ACCC would not oppose its acquisition of Dial a Dump Industries. The competition watchdog made the decision after accepting a court-enforceable undertaking from BINGO to divest its recycling facility in Banksmeadow, New South Wales. This acquisition is expected to provide the company with some much-needed diversification and be a key driver of long term growth. Whilst it is no longer the bargain buy it was a month ago, I still feel it could be a good option for patient buy and hold investors.
The Bravura Solutions Ltd (ASX: BVS) share price has stormed 23.5% higher since this time last month. The release of a strong half year result has been behind this solid gain. In the first half of FY 2019 this provider of software products and services to clients operating in the wealth management and funds administration industries posted a 24% increase in half year revenue to $127.4 million and a 28% lift in EBITDA to $23.8 million. The company's increasingly popular Sonata wealth management product was a key driver of this growth. And thanks to the quality of the platform and its sizeable market opportunity, I expect this to be the case for many years to come. This could make Bravura a great option for growth investors.
The Webjet Limited (ASX: WEB) share price is up an impressive 27% over the last 30 days. The online travel agent's shares rocketed higher following the release of another strong result. In the first half of FY 2019 Webjet posted a 33% lift in half year revenue to $175.3 million and a 42% jump in EBITDA to $58 million. The key driver of this growth was the company's WebBeds (B2B) segment. From its continuing operations, the segment grew bookings by 50% and EBITDA by a massive 136% to $30.1 million. As management believes the segment still has long runway for growth thanks to its global opportunities, I believe Webjet would be a great buy and hold investment even after this stellar run.
