Our message here at The Motley Fool couldn’t be any clearer. The 2020 stock market crash provides an excellent opportunity for investors to get rich by buying rock-bottom UK share prices, in our earnest opinion.
If you’re looking to make serious returns on your hard-earned cash then buying cheap UK share prices can prove critical. It’s no coincidence that the number of Stocks and Shares ISA millionaires ballooned during the last decade. They used the 2008/09 stock market crash as an opportunity to buy low and then watch the value of their shares explode as the economic recovery took hold.
Data shows us that long-term share investors make an average annual return that runs into double-digit percentages. If you want to follow their lead by maximising your profits — and hopefully make a million like those shrewd ISA investors — then I’d get out your cheque book and load up on dirt-cheap stocks right now.
Too cheap to miss?
Indeed, there are plenty of attractive UK share prices on my personal ISA watchlist. Let me talk you through a few of them.
- The rising importance of cybersecurity makes Kape Technologies a hot growth share to buy today, I feel. This IT services provider is seeing demand from new customers rocket, thanks in part most recently to an increase in remote working following the Covid-19 lockdown. With the purchase of VPN provider PIA also exceeding expectations there’s a lot to get excited about here. Right now this UK share trades on a dirt-cheap forward price-to-earnings growth (PEG) multiple of 0.2.
- Accrol Group Holdings has actually risen in value since the turn of the year. And it isn’t hard to see why. As a manufacturer of toilet roll, kitchen roll and facial tissues it has ultra-defensive qualities that should serve it well during this economic downturn. City analysts reckon annual earnings will rise 52% in the current financial year (to April 2021) alone. And this leaves it also dealing on a PEG ratio of just 0.2.
- Investors seeking low UK share prices that should fare well during an economic downturn should consider buying Hummingbird Resources as well, I think. This gold producer trades on a meagre forward price-to-earnings (P/E) ratio of 6 times. The bright outlook for precious metal prices has commanded plenty of column inches this week. But this is not the only reason to buy Hummingbird. The African digger recently acquired the Kouroussa project in Guinea and has a $100m war chest with which to bring the top-quality gold project online.
More cheap UK share prices I’d buy today
Buying these UK shares at today’s prices could allow investors to enjoy spectacular returns in the years ahead. The same can be said for plenty more growth and dividend stocks that are trading on rock-bottom valuations too. And with the help of experts like The Motley Fool, it’s never been easier to dig out brilliant shares like these to get rich with.
