This week I took a look at the 10 best performing large cap shares in 2019 and it threw up some interesting names across a diverse group of sectors such as mining, financial services, tech, and real estate investment.
If you want gangbusters growth without speculating or taking silly risks then the mid-cap space is where it’s at.
You can see from the list below that 9 out of the 10 mid-cap shares have at least doubled this year, compared to just two among the large caps.
Mid-cap companies will also have the kind of scale ($1 billion plus) to mean that they’re probably profitable businesses already, but still small enough to offer the potential to triple or quadruple in value sometimes in just a few years. If you’re lucky.
So let’s take a look at the 10 best performing mid-cap shares of 2019 according to Commsec.
Source: Commsec June 25, 2019
Champion Iron Limited (ASX: CIA) is a dual-listed Canadian iron ore miner that has soared on the back of 2019’s rising iron ore price. According to Market Index, iron ore sits at US$108 a tonne today, compared to just US$67 at the start of 2019.
Z1P Co Ltd (ASX: ZIP) is in the white hot buy-now-pay-later space similar to Afterpay and has ridden the wave of retailer and consumer enthusiasm for this new payment method.
Jumbo Interactive Ltd (ASX: JIN) is an online lottery ticket retailer benefiting from the growing preference of gamblers to buy tickets online rather than over-the-counter at a local shop.
Nearmap Ltd (ASX: NEA) is an aerial mapping business that is catching a bid thanks to its initial success in growing subscribers and revenues in the large U.S. market. Its Australian business is already profitable on a standalone basis.
Pro Medicus Limited (ASX: PME) is an online based software-as-a-service medical imaging business signing up some prestigious U.S. healthcare clients. It has a sky high valuation and this week joined the S&P/ ASX 200 (ASX: XJO).
Silver Lake Resources Ltd (ASX: SLR) is a WA gold miner soaring in line with the gold price that has climbed above A$2,000 an ounce.
Appen Ltd (ASX: APX) is a machine learning and data business that is posting some strong revenue and profit growth thanks to rising demand for its services.
Nanosonics Ltd (ASX: NAN) is the medical device disinfectant business that is soaring in value thanks to rising demand for its latest Trophon 2 product.
Mount Gibson Iron Ltd (ASX: MGX) is an iron ore miner that is also benefiting from the rising iron ore price.
Clinuvel Pharmaceuticals Ltd (ASX: CUV) is a biopharmaceutical company that has its fast-selling SCENESEE product used to treat skin disorders.
Once again we can see a diverse list of companies across different sectors. However, it’s probably worth noting that tech or digital companies make up half the list. As such I expect this could continue to be a happy hunting ground for smart investors over the years ahead.
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Returns as of 6th October 2020
Tom Richardson owns shares of AFTERPAY T FPO, Appen Ltd, Magellan Financial Group, Nearmap Ltd., and Pro Medicus Ltd.
You can find Tom on Twitter @tommyr345
The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Jumbo Interactive Limited, Nanosonics Limited, and ZIPCOLTD FPO. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. and Pro Medicus Ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Nanosonics 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.
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