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:
BINGO Industries Ltd (ASX: BIN)
I think this waste management company would be a great long term option for investors. Especially given its recent acquisition of rival Dial a Dump Industries. This game-changing acquisition has allowed BINGO to be fully vertically integrated from collections to landfill and become the largest player in B&D waste in Sydney. Another positive is that it gives BINGO some much-needed diversification and reduces its exposure to residential construction and collections. Overall, I believe this leaves it well-placed to deliver solid long term earnings growth.
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions is a fintech company that provides software products and services to the wealth management and funds administration industries in the Asia, Europe, Middle East, and Africa regions. The main product in its portfolio 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 becoming the company's biggest contributor to earnings. In addition to this, last year the company completed a number of acquisitions that will open the door to new and lucrative markets. All in all, I believe the future looks very bright for Bravura.
Zip Co Ltd (ASX: Z1P)
Zip Co is a provider of buy now, pay later services online and in store. I've been very impressed with its progress over the last 18 months and believe it is well worth considering an investment in its shares. Pleasingly, the company has started FY 2020 very strongly. Earlier this week it released its second quarter update and revealed further explosive growth. Zip Co announced record quarterly transaction volumes of $562.6 million, which was up 85% year on year and 40% quarter on quarter. This was driven by a 24% quarter on quarter increase in customer numbers to 1.8 million, its international expansion, and its Amazon Australia deal. I'm confident there will be more of the same over the remainder of FY 2020 and beyond.
