The Motley Fool

3 sinking penny stocks I’d buy today to hold for 10 years!

I’m searching for the best penny stock to buy right now. Here are three I’d snap up today and aim to hold forever.

Testing times

It seems the world will experience a long and choppy recovery from the coronavirus crisis. Global Covid-19 cases continue to grow as the Delta virus variant spreads. Vaccination rates have flattened in many regions and the emergence of new mutations could worsen the spike at any moment.

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.

Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…

We’re sharing the names in a special FREE investing report that you can download today. And if you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio.

Click here to claim your free copy now!

BATM Advanced Communications (LSE: BVC) is a UK share that stands to thrive in this climate. Revenues at its Bio-Medical division soared 10% in the first six months of 2021 as demand for its testing and diagnostic products boomed. However, BATM isn’t just a one-trick pony. It also makes networking and cybersecurity products, providing it with plenty of profits opportunities in an increasingly digital world.

Be aware though, that BATM Advanced Communications trades on an elevated P/E ratio of 39 times. Such a high valuation could cause the penny stock’s share price to collapse if anything other than explosive earnings growth becomes apparent. Today the company, which has fallen 27% in value over the past 12 months, changes hands at 86p per share. I’d buy in at these levels.

Playing your cards right with penny stocks

The Card Factory (LSE: CARD) share price has fallen 50% in value in less than five months. Confidence in the penny stock has plummeted as concerns of surging inflation and its impact on consumer confidence have increased. I think the market may have overreacted here however. I’d argue that retailers focussed on value like Card Factory stand to gain from falling shopper sentiment.

I’d also argue that Card Factory operates in one of the more defensive areas of the retail sector. People don’t stop sending greetings cards or celebrating special occasions when economic conditions worsen, right? While the UK share faces increased competition from online players like Moonpig and Thortful, the company’s investing in its own digital presence to exploit the e-commerce boom. I think the business is a great buy at current levels of 49p per share.

The African Queen

The Airtel Africa (LSE: AAF) share price has slipped from September’s record peaks of 103p, providing a decent opportunity for dip buyers, in my opinion. The telecoms share has risen 37% over the last 12 months, and I expect the business to resume this uptrend soon.

Airtel Africa is one of the biggest telecoms providers on the continent. It’s also a major player in Africa’s fast-growing mobile payments industry. Its activities are highly regulated, and so the threat of profits-damaging action from lawmakers is an ever present. But as wealth levels in Africa balloon, and demand for telecoms services and financial products leaps as a result, I believe this UK share can still expect to deliver blockbuster profits growth in the coming decades.

Airtel Africa shares go for 93p a pop right now. Consequently, it trades on a rock-bottom forward P/E ratio of 6 times. With the company boasting a chunky 4.3% dividend yield too, I think it’s one of the best-value penny stocks to buy today.

One Killer Stock For The Cybersecurity Surge

Cybersecurity is surging, with experts predicting that the cybersecurity market will reach US$366 billion by 2028more than double what it is today!

And with that kind of growth, this North American company stands to be the biggest winner.

Because their patented “self-repairing” technology is changing the cybersecurity landscape as we know it…

We think it has the potential to become the next famous tech success story.

In fact, we think it could become as big… or even BIGGER than Shopify.

Click here to see how you can uncover the name of this North American stock that’s taking over Silicon Valley, one device at a time…

Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Airtel Africa Plc and Card Factory. 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.

Our 6 'Best Buys Now' Shares

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.

Simply click below to discover how you can take advantage of this.