- Young companies whose future earnings are expected to grow at faster than their peers come under the category of growth stocks.
- Investing in growth stocks is a popular investment strategy amongst young investors.
Young companies whose future earnings are expected to grow at a faster pace compared to their peers and above the industrial average come under the category of growth stocks. Investing in emerging stocks that belong to a rapidly expanding industry and could provide a high return on investment is a popular investment strategy for young investors.
Investors are attracted towards growth stocks as these companies are projected to prosper and generate higher revenues and profitability, eventually translating to high returns to shareholders.
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Here is the list of 5 stocks that have growth orientation and can be considered for investment:
Network International Holdings Plc (LON: NETW)
FTSE250 listed company provides the technology-enabled payment solution to its clients. It operates in the Middle East and Africa, which is one of the fastest-growing payment markets.
The company operates in the digital payment solution. Globally it is considered one of the fastest-growing sectors. It has completed the acquisition of DPO Group, which offers online payment solutions across 21 African countries. The acquisition was agreed upon at final purchase consideration of USD 291.3 million and has already received regulatory clearance. DPO Group acquisition will help the company expand its direct-to-merchant payment services and deliver high growth in future.
Network International Holdings Plc’s current market cap stands at £1,976 million as of 29 September 2021.
888 Holdings Plc (LON: 888)
The company operates in the online betting and gaming sector. It is one of the leading companies in the gaming sector which offers its products under various popular brands.
The company reported revenue of USD 528.4 million, a rise of 39%, while its adjusted EBITDA stands at USD 97.4 million during the six months ended 30 June 2021. Higher revenue was attributed to the double-digit expansion in the business-to-consumer (B2C) division. Strong market share in the global market and underpenetrated industry are key factors that make the stock a good investment for the long term.
888 Holdings Plc’s current market cap stands at £1,600 million as of 29 September 2021.
Bridgepoint Group plc (LON: BPT)
The company’s stock was listed on the London Stock Exchange in July 2021 and is a constituent of the FTSE250 index. It operates as a private equity firm investing responsibly in various businesses across the sector.
The company has a total asset under management of €28.5 billion as of 30 June 2021, a rise of 54% mainly due to the acquisition of EQT Credit. The company’s revenue was up by 55%, while its underlying EBITDA was up by 178% during the first half of 2021, mainly due to solid performance by the portfolio businesses. It will declare the detailed result in the coming days.
Bridgepoint Group plc’s current market cap stands at £4,124 million as of 29 September 2021.
Bytes Technology Group plc (LON: BYIT)
The UK-based technology company offers cloud services and IT security products to its client globally. The products and services of the company are sold under two brands of Bytes Software Services and Phoenix.
The company witnessed strong corporate, and public sector demand for its products in the half-year ended 31 August 2021. As a result, the company expects growth in gross profit and operating profit with strong cash conversion during the period. It will announce its detailed results in October month.
Bytes Technology Group plc’s current market cap stands at £1,201 million as of 29 September 2021.
Petropavlovsk Plc (LON: POG)
The company is one of the largest gold mining companies globally, having its main operation in Russia’s Far East.
Petropavlovsk Plc reported total group revenue of USD 351.9 million and gold production of 195 koz in the first half of 2021. Higher revenue was attributed to higher gold prices and good performance by the service sector. As a result, the company has kept its full year production guidance unchanged at 430 - 470koz of gold. Also, capital expenditure for the year is expected to be around USD 140 million.
Petropavlovsk Plc’s current market cap stands at £818.36 million as of 29 September 2021.