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Stock market crash: 2 cheap UK shares I’d buy for my Stocks & Shares ISA to make a million

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The UK national flag in front of Canary Wharf skyscrapers where professionals trade shares for a living.
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If you want to stand out from the herd you need to think differently from the herd. This is why I continue to invest in my Stocks and Shares ISA following the stock market crash of early 2020. I plan to get rich by buying dirt-cheap UK shares while others sit and bite their nails.

Buyers of British stocks remain thin on the ground because of the serious economic uncertainty caused by Covid-19. It’s possible UK share prices could sink again before long. I believe though that the 2020 market crash provides a great opportunity to get seriously rich from cheap shares.

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Getting rich after the stock market crash

Right now, you and I can buy top-quality UK shares that were oversold during the earlier panic and make big money from them in the years ahead. And we can follow those who previously got rich by watching them soar in value as economic conditions improve and corporate profits bounce back.

Hand holding pound notes

Investors need to be careful before taking the plunge, of course. The threat of a painful and prolonged recession means that companies with weak balance sheets should be avoided at all costs (as I found to my misfortune with Cineworld Group).

2 cheap UK shares for shrewd investors

Still, there’s a galaxy of rock-solid UK shares for savvy investors to choose from today. Here are a couple that are all savvy Stocks and Shares ISA investors should be looking at today:

  • I’d certainly use the 24% share price fall in 2020 at Morgan Sindall Group to buy the construction giant’s shares. Right now this UK share trades on a low forward price-to-earnings (P/E) ratio of 13 times. It’s a figure that fails to reflect its resilience in these tough times, in my opinion. Firstly Morgan Sindall’s order book has continued to grow despite the Covid-19 crisis. Secured workload was up 5% at £8bn as of June, providing excellent visibility for the short-to-medium term. It also has significant liquidity strength to help it see out the crisis and daily cash generation actually improved during the first month.
  • I’m confident Barratt Developments also has the financial robustness to ride out the economic crisis and to continue delivering excellent long-term shareholder returns. The FTSE 100 share paid zero dividends in the last fiscal year to safeguard its balance sheet. But City analysts reckon the business will reinstate payouts in the current period (to June 2021), helped by strong trading since lockdown measures were eased. This results in a bulky 4.2% yield. Make no mistake, Britain’s colossal housing shortage isn’t going away any time soon. And this means UK shares like Barratt can expect demand for their newbuilds to keep ripping higher. Its shares have fallen a third in value in 2020, leaving it trading on a forward P/E ratio of 11 times. This provides an attractive level at which to buy in.

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Royston Wild owns shares of Barratt Developments. The Motley Fool UK has no position in any of the shares mentioned. 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.

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