With such a large number of quality growth shares to choose from on the Australian share market, it can be hard to decide which ones to buy.
To help narrow things down for you, I thought I would pick out three growth shares which I believe are trading at fair prices for long term investments. They are as follows:
Bravura Solutions Ltd (ASX: BVS)
Bravura is a provider of software products and services to the wealth management and funds administration industries. The key product in its arsenal is the popular Sonata wealth management platform. This product is a next generation wealth management administration system that allows users to connect and engage with their clients anytime, anywhere, using their choice of device. It has been growing in popularity in recent years and has underpinned the company's impressive growth. Given the quality of the product and its large market opportunity, I expect this to continue to be the case over the coming years.
Nanosonics Ltd (ASX: NAN)
Nanosonics is the infection control specialist behind the popular trophon EPR product. This product is a best in class disinfection system for ultrasound probes and at the end of the first half had an installed base of 19,310 units. This was a 20% increase on the prior corresponding period. Although this is a large number of units, it is still only scratching at the surface of an addressable market of 120,000 units. Pleasingly, it isn't just this product that will drive its growth in the coming years. Management has a number of new products under development targeting other unmet needs. The first of which is expected to be released in FY 2020.
Webjet Limited (ASX: WEB)
Webjet is an online travel agent which has been an impressive performer over the last decade thanks to the shift to online travel booking. The good news is that I believe that this strong form can continue over the coming years due to the growing popularity of its numerous brands and its international growth opportunities in the B2B market.
