Christmas really has come early for investors in my opinion. Right now I believe there are a huge number of bargain buys on the Australian share market just waiting to be snapped up.
Here are three bargains I have on my Christmas wish list:
iSentia Group Ltd (ASX: ISD)
This media monitoring company has fallen 20% in the last month following a shock trading update which revealed a severe underperformance from its content marketing business. This has left its shares changing hands at just 15x estimated FY 2017's earnings. Although iSentia is pinning a lot of this year's growth on its second-half performance, I trust management will deliver on its promises. At the current price I believe iSentia provides investors with a compelling risk/reward profile.
Monash IVF Group Ltd (ASX: MVF)
Although the fertility specialist has experienced a slight slowdown in its domestic business in its first quarter and expects half-year profit to grow just 7%, it continues to review international opportunities as a means to drive non-organic strategic growth. At just 14x estimated full year earnings and being expected to provide a fully franked 4.5% dividend, I feel Monash IVF is a bit of a bargain at the moment for patient buy and hold investors.
Tassal Group Limited (ASX: TGR)
Salmon prices have been on a tear this year due to falling production in both Chile & Norway, despite increasing demand as a result of changing Western diets. The good news for Tassal is that the issues impacting production overseas don't look likely to abate anytime soon, nor does Western consumers' penchant for sushi. This should result in prices remaining high at least in the medium term. As Tassal has invested heavily to increase its own production, it has put itself in a great position to prosper moving forward. At just 13x estimated FY 2017's earnings and providing a generous fully franked 4.1% dividend, Tassal is a clear buy for me right now.
