3 exciting mid cap ASX shares destined for big things

Bravura Solutions Ltd (ASX:BVS) shares are one of three in the mid cap space that I believe could be destined for big things…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

I think there are a number of quality mid cap shares for investors to choose from on the All Ordinaries right now.

Three which I believe could be great long term buy and hold options are listed below. Here's why they are on my shopping list in February:

Bravura Solutions Ltd (ASX: BVS)

Bravura Solutions is a fintech company that provides software products and services to clients operating in the wealth management and funds administration industries in the Asia, Europe, Middle East, and Africa regions. The main product in its arsenal is its Sonata wealth management platform. It is a next generation wealth management administration system which allows users to connect and engage with their clients anytime, anywhere, via computers, tablets or smartphones. Demand has been growing strongly in the last few years, leading it to become the company's biggest contributor to earnings. Given its long runway for growth, I expect it to continue to underpin the company's growth for many years to come.

Helloworld Travel Ltd (ASX: HLO)

Helloworld Travel is a leading Australian integrated travel company which I think could be a great option for investors. Thanks to the inbound and outbound tourism boom and its turnaround plans which are going exceptionally well, I believe Helloworld is well-placed to deliver strong earnings growth over the coming years. This looks set to be the case this year, with management expecting earnings growth in the range of 16.5% and 23% in FY 2019.

Megaport Ltd (ASX: MP1)

A high risk, but potentially high reward option in the mid cap space is Megaport. Founded by Bevan Slattery, Megaport is a provider of elastic interconnection services across data centres globally. This service allows its customers to increase and decrease their available bandwidth in response to their own demand requirements instead of being tied to fixed service levels on long-term and expensive contracts. Although it is still early days, I have been very impressed with the company's progress. In the second quarter of FY 2019 the company increased its reported revenue by 21% to $8.3 million. I believe Megaport is well-positioned to continue this above average growth for some time to come due to the cloud computing boom.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Bravura Solutions Ltd and Helloworld 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.

More on Growth Shares

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
Growth Shares

3 ASX 200 growth shares to buy for 20% to 30% returns

Analysts are tipping these shares to rise strongly from current levels.

Read more »

Smiling woman with her head and arm on a desk holding $100 notes out, symbolising dividends.
Growth Shares

Invest $10,000 into these Australian shares in December

Analysts think these shares could generate big returns for investors.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Growth Shares

2 of the best ASX growth shares money can buy

Bell Potter rates these growth shares very highly. But why?

Read more »

A smiling travel agent sitting at her desk working for Corporate Travel Management
Growth Shares

My 2 best ASX growth shares to buy in November

Growth continues to catch the market's attention.

Read more »

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Growth Shares

Buy these ASX growth shares for 16% to 25% returns

Analysts are saying good things about these buy-rated shares.

Read more »

two children squat down in the dirt with gardening tools and a watering can wearing denim overalls and smiling very sweetly.
Growth Shares

How to maximise $10,000 by investing in 2 ASX growth shares

Here are my best growth ideas on the ASX right now.

Read more »

A man sees some good news on his phone and gives a little cheer.
Growth Shares

These ASX 200 growth shares could rise 50% to 60%

Big returns could be on offer from these growing companies according to analysts.

Read more »

Sports fans looking at smart phone representing surging pointsbet share price
Growth Shares

Up 111% in six months, this soaring ASX share is backed to keep rising

One fund manager thinks this ASX growth share can continue its phoenix performance.

Read more »