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

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Investor appetite for UK shares has recovered a bit in recent days. But, broadly speaking, buyer interest remains insipid at best. The FTSE 100 and FTSE 250 have failed to gain any meaningful traction following the rebound of early spring. Serious fears over Covid-19 and US-China trade wars mean any vault higher can’t be expected any time soon.

Why not use this as an opportunity to get ahead of the curve? There’s a huge number of top-quality UK shares that are still trading way below value following the 2020 stock market crash. By buying them at current dirt-cheap prices, you can steal a march on everyone else and seriously boost your returns over the long term.

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Those that buy in at low can watch the value of their UK shares balloon in value as the economy recovers. Nervous investors that sit on their hands and wait for the economy to improve before buying face the danger of missing out on monster returns.

3 top bargain stocks

I certainly plan to keep on investing following the 2020 stock market crash. There are too many UK shares too cheap to miss at current prices. These are just a few of the top companies on my own personal watchlist:

  • Eckoh is a master in providing payment systems for customer contact centres. And it’s really got the bit between its teeth today. It’s delivered record order levels for the past two years in a row and has just signed its largest single contract to date. It trades on a forward price-to-earnings growth (PEG) ratio on the bargain watermark of 1, a figure I don’t think reflects its roaring progress across the globe.
  • I’d buy Oxford Metrics and hold it for years too. This UK share is an expert in the field of motion capture and measurement and its applications are far and wide, from allowing local authorities to measure traffic volumes, through to helping Hollywood studios make films. This share trades on a rock-bottom PEG reading of 0.6 for 2020.
  • Midwich Group also looks an attractive buy because of its price-to-earnings (P/E) ratio of just 12 times. Demand for its audiovisual (AV) equipment has been dented by the Covid-19 crisis. And it’s likely to remain under pressure during the current economic downturn too. Still, Midwich’s longer-term outlook remains extremely bright. I’m encouraged by recent acquisition activity that’s taken it into North America, the world’s largest AV market.

Getting rich with UK shares

There’s never been a better time to buy UK shares, in my opinion. I’m expecting the number of ISA millionaires to keep booming as share investors buy low following the stock market crash and eventually sell their stocks at much higher prices.

The Motley Fool’s huge library of articles and special reports could help you to identify and then get rich from these undervalued gems too.

A Top Share with Enormous Growth Potential

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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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