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Well, I don’t know, what do you think I am some kind of guru or something?
However here are 4 shares I think could soar in 2024.
1. Good Energy
It provides, well, good energy. Renewable electricity and energy. A bit like the Waitrose of the energy world.
Despite some nice rises in 2023, it’s trading ahead of expectations. Profits are rising, there’s some cash and it has a lot of prospects. A potential bid target too.
Downside? Well, it is risky as it’s still small so any problems would hit the share price. It’s also volatile so stop losses are nearly impossible.
2. MS International
This small defence outfit is really taking off as it continues to win big contracts in the USA. Recent statements have been very bullish and there are mentions of further big contracts that could be won in 2024. Profits are climbing strongly and there is a big cash pile.
A possible takeout here too as the bosses here are all well into potential retirement age and may want a lucrative exit.
3. IQGEO
Not a share that gets any coverage anywhere which always good news!
This one isn’t cheap but there is a reason for that: increasing profits from developing and building better networks for Telecom and utility operators.
One of the biggest operators in North America is expanding its deployment of IQG’s software.
The market for its software is enormous and justifies a premium rating with more to come in 2024.
4. Spire Healthcare
Watch out for a bid for this large private healthcare operator in 2024. It’s been bid for once already and I think a big bid in 2024 is likely.
Private healthcare is only going to continue to grow and the company has massive hidden assets in its property. Bigger operators are likely to eye this one up sooner or later and I think it is a question of just sitting, holding and waiting.
I hope you have a great 2024 – don’t forget my new book is out with tons of trading strategies and ideas.
