Since this time last year the All Ordinaries (Index: ^AXAO) (ASX: XAO) has managed to carve out a gain of approximately 6.9%.
Whilst this is a solid move higher, it is nothing in comparison to what some of the shares on the index have achieved.
The following three shares have managed to quadruple in value during the same period. Here's why:
The A2 Milk Company Ltd (ASX: A2M) share price has put on a gain of 300% over the last 12 months. This has largely be driven by the company's continued success in the Chinese market and the impact it has had on its bottom line. At its most recent market update in November, the company advised that net profit after tax for the first four months of FY 2018 was 137.7% higher than the prior corresponding period. While this is likely to slow in the second-half due to its planned increase in marketing spend, I still expect it will deliver an outstanding full-year result that justifies its meteoric share price rise.
The Bellamy's Australia Ltd (ASX: BAL) share price has surged 315% since this time last year. Incredibly, almost exactly 12 months ago there were grave concerns that the infant formula company could end up going bankrupt after a series of missteps by its previous management team. But since then it has turned around its fortunes dramatically and become a market darling once again. So much so, I would still consider it to be a good investment even after more than quadrupling in value during the period.
The Kogan.com Ltd (ASX: KGN) share price has been the best performers on the All Ordinaries over the last 12 months with an impressive 325% rise. Investors appear to have been thoroughly impressed with the way the company has outperformed its prospectus forecasts and diversified its business by offering insurance, NBN plans, mobile phone plans, and even travel deals. Whilst I am a big fan of the company, I do have concerns over its valuation. As such, I would suggest investors wait until it reports its earnings next month to see if it is priced fairly or not.
