Stock market crash: 2 UK growth shares that could make me rich

first_img Since the stock market crash in March, the majority of shares have seen their prices decline greatly. However, some UK shares have seen tremendous growth despite the pandemic – and have the potential for it to be sustained in the future.Codemasters Group Holdings (LSE: CDM) is a UK-based video game developer. It is known for making racing and driving games, with its portfolio including the top selling titles DiRT, GRID and Formula 1. Codemasters’ share price has grown around 65% since January, making it one of the best performing UK growth shares this year. This is matched by the company’s performance, with strong cash generation and lack of debt, as reported in its recent half year results.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The company also has a pipeline of games to be released in the near future and I have no reason to believe that strong sales growth won’t continue.Overall, the video games industry has seen an increased demand during the pandemic as customers turned to video games as one method of entertainment during lockdowns. The demand isn’t just restricted to the unique circumstances of this year, though, as the industry is projected to experience an average year-on-year growth of 9% until at least 2027.One concern that I have with Codemasters’ share price is that currently it trades with a price to earnings (P/E) ratio of 56, which can be considered expensive. However, when compared with its competitors, such as Team 17, Frontier Developments and Keywords Studios, possessing P/E ratios of 52, 59 and 47 respectively, I think Codemasters’ shares are competitively priced.Avon Rubber (LSE: AVON) is a UK-based technology company. Through its two businesses, Avon Protection and Milkrite/InterPuls, it specialises in personal protective equipment and agricultural milking equipment.Since the start of the year, this UK growth share has seen its share price increase by over 90%, a prediction correctly made by fellow Fool Paul Summers back in May. This is predominantly attributed to strong demand for the products of its Avon Protection business by winning contracts such as the US Army helmet contract worth $93million, US Department of Defence face mask filter contract, worth a potential $127million, and a 10 year contract to supply NATO with the FM50 face mask system. This was reflected in its 2020 first half results, when Avon announced an unprecedented growth in operating profit of 20.6% compared to last year and an increase in the interim dividend of 30% to 9p per share.Despite a premium P/E ratio of 43, I still think Avon Rubber is an attractive share; however, the true success of this year will be shown in Avon’s full-year results, set to be announced on 18th November. If recent months are any indication to go by, I expect this year to be a record year for this UK growth share.Both Codemasters and Avon Rubber have shown a resilience to the pandemic as well as a strong capacity to sustain growth, making them two of the best UK growth shares that I could buy and hold in my portfolio. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Jordan Simmons has no position in any of the shares mentioned. The Motley Fool UK has recommended Avon Rubber, Frontier Developments, and Keywords Studios. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Jordan Simmons | Thursday, 12th November, 2020 | More on: AVON CDM center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Stock market crash: 2 UK growth shares that could make me rich Image source Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Jordan Simmonslast_img

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