With a new year coming onto the horizon, now is a better time than ever to start reassessing your Australian share portfolio.
Adding to existing positions, selling, or buying new companies is all part of healthy portfolio management.
Indeed, if you're a DIY investor with some time off this holiday season, there are a number of great companies trading at reasonable prices which can be added to your long-term portfolio today.
Here are four of my favourites…
1. Ardent Leisure Group (ASX: AAD) owns entertainment and leisure assets such as AMF and Kingpin bowling, Dreamworld and Goodlife Health Clubs. However its Main Event businesses in the USA are currently kicking goals for shareholders, who'll benefit from a falling Australian dollar and strong organic growth.
2. Veda Group Ltd (ASX: VED) stands to benefit from the ever-increasing amount of data and regulation that is needed to be managed within the financial system. New comprehensive credit reporting standards will provide a welcome boost for the company and give it access to a broader range of users in need of high-quality financial information.
3. Slater & Gordon Limited (ASX: SGH) is Australia's leading personal injury law firm. Having experienced exceptional growth over the past five years, the company is now looking offshore to the United Kingdom, where it sees long-term potential. Indeed, in the coming year management expects to derive 45% of revenues from a UK market share of just 5%.
4. Ozforex Group Ltd (ASX: OFX) is a leading foreign exchange provider for small businesses and individuals. The group's low-cost money transfer services have been hugely successful in the local market and it is now entering North America and Europe. At today's price OzForex is a compelling long-term buy and hold.
