The Motley Fool

3 ASX shares to buy to profit from the UK

With most of Australia celebrating the Queen’s ‘birthday’ today, I thought it might be a good idea to think about some of the best ASX shares profiting in the UK.

Here are three of my favourite choices:

Xero Limited (ASX: XRO)

The cloud accounting software business has conquered New Zealand and Australia but now it’s on course to win in the UK as well.

The company recently reported its FY19 result which included an additional 151,000 UK net subscribers, which was fairly close to the total subscribers added from ANZ (193,000).

The UK subscriber growth represented 48% growth of total subscribers to 463,000 and revenue growth of 50%. That’s quite impressive considering the numbers that Xero had already achieved. 

Xero is looking in good shape with positive free cashflow for the whole year and it made a net profit in the second half of FY19. However, it is trading quite expensively at the moment.

CYBG Plc (ASX: CYB)

The UK bank offers very different banking exposure to most other ASX banks. However, it’s no longer such a small bank in the UK after the merger with Virgin Money which is expected to significantly boost the combined bottom line through synergies and economies of scale.

Brexit is putting doubt into the mix about the UK banking sector but over the longer-term CYBG could be a decent diversification bank investment idea away from major and regional ASX banks.

Ramsay Health Care Limited (ASX: RHC)

The private hospital operator has received a major boost after the Liberals won the election, which certainly helps its domestic operations as private health premiums won’t be limited.

The company’s UK subsidiary generated £209.6 million of revenue in the recent half year result and this continues to grow over the long-term.

Ramsay can benefit in the UK by continuing to open new hospitals and expand current ones whilst benefiting from the ageing population.

The above businesses aren’t the only ones growing nicely internationally, some of these top ASX shares are also expanding impressively overseas.

Forget boring blue chips: These are the 4 best shares to buy now

Motley Fool Chief Investment Advisor Scott Phillips just released his 4 favourite ASX shares to buy right now. And coming from an investor who’s already helped his members to gains of 254.6%... 330.9%... and even 1,124%...

It’s fair to say that profit signals don’t get any bigger than this! To get all the details, including the names and codes of Scott’s top buys, simply click the link below. Just don’t wait – the sheer biggest gains could be just ahead!

Discover Scott Phillips’ new “best buys now” - CLICK HERE

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia has recommended Ramsay Health Care Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!