So far this year the All Ordinaries (Index: ^AXAO) (ASX: XAO) has performed reasonably well and carved out a 4.8% gain.
While that is good, it pales in comparison to some of the gains that constituents of the index have made.
Three which stand out are listed below:
The Costa Group Holdings Ltd (ASX: CGC) share price has gained 103% year-to-date. Investors have seemingly been very impressed at the strong growth that the horticulture company has been exhibiting. In FY 2017 Costa delivered a 37.3% lift in net profit thanks to all produce categories exceeding targets. However, with profit growth expected by management to be around 20% in FY 2018, I think its shares may have topped out now.
The Kogan.com Ltd (ASX: KGN) share price has risen an enormous 217% since the turn of the year. Impressively stronger than expected sales growth and its expansion into other verticals have been the catalysts for this rise. But its shares do look quite expensive now, especially given the arrival of Amazon. While some see Amazon's entry into Australia as a positive for Kogan, I plan to wait to see if the two companies can operate successfully alongside one another.
The Updater Inc (ASX: UPD) share price has now almost tripled in value this year thanks to a strong gain today following the release of a positive business update. According to the update, Updater's pay TV pilot with AT&T has been a success. Management believes this is one of a number of revenue generating opportunities provided by its relocation platform. I'm a big fan of Updater and think it is one to watch. However, a lot will ultimately depend on how successful it is at monetising its platform. The early signs are, however, quite positive.
