Stock market crash: 3 cheap UK shares I’d buy now in an ISA to make a million

Looking to get rich from UK shares? Here, I explain why the 2020 stock market crash provides the investing opportunity of a lifetime!

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Investor appetite for UK shares remains in the doldrums. Share prices across the FTSE 100 and FTSE 250 continue to struggle for any traction as issues like Covid-19 and US-China diplomatic tensions cast a pall over the global economy.

This is a wasted opportunity, in my book. Stock investors tend to make their fortunes over a number of years. By buying quality UK shares at dirt-cheap prices, they can supercharge their returns by watching these stocks balloon in value as the economic rebound kicks in.

Businessman leading a chart upwards

Let me give you an example of this phenomenon in action. The FTSE 100 sank as low as 3,500 points in the depths of the 2008/2009 banking crisis. But it gradually recovered over the next decade and struck record peaks above 7,700 points in summer 2018.

Someone who invested in the troughs of the banking crisis would have made a fortune during the subsequent recovery. Many ISA investors even made millions by buying low and selling high years later. And I believe the 2020 market crash offers another great opportunity to get rich from UK shares.

3 brilliant (and cheap) UK shares I’m looking at

I don’t plan to stop buying UK shares despite the murky, near-term economic outlook. In fact, these three stocks are on my watchlist as they offer quite spectacular value at current prices.

  • Anexo Group provides replacement vehicles and legal services to drivers involved in no-fault accidents. With the number of cars on the road steadily rising, it can expect demand for its services to continue growing. And it’s been busy expanding its legal teams to win more and more business. This company trades on a too-cheap-to-miss forward price-to-earnings (P/E) ratio of 9 times.
  • Ergomed’s another great pick for those seeking low-cost UK shares. Annual earnings here are expected to double in 2020 and this leaves the company dealing on a price-to-earnings growth (PEG) ratio of 0.2. Ergomed provides specialised services to pharma companies including managing clinical trials and providing clinical drug development assistance. It’s been splashing the cash in recent times too, in order to expand its geographic footprint. And this should provide profits with an extra shot in the arm.
  • 888 Holdings has plenty to look forward to as the popularity of internet gambling takes off. Lockdowns imposed in the wake of Covid-19 have hastened the structural shift of punters online. It’s why this particular UK share saw average daily revenues spike 34% between  1 January and 26 June. Right now, 888 trades bang on the widely-accepted bargain benchmark PEG ratio of 1.

Get rich with bargain stocks

888 et al are just a few of the possible millionaire-makers I think are too cheap to miss today. Truth be told, the recent stock market crash leaves plenty of top UK shares like this trading on ultra-low valuations. And The Motley Fool’s vast collection of special reports and in-depth articles can help you identify the best stocks that the London Stock Exchange has to offer.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

Royston Wild has no position in any of the shares mentioned. 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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