Investor appetite for UK shares remains pretty patchy right now. The FTSE 100 continues to stagnate at around 6,000 points while the FTSE 250 is stuck near recent multi-week lows.
It’s not out of the question that another stock market crash could happen before long. Demand for UK shares is lukewarm at best as the Covid-19 crisis rolls on. It could freeze over entirely if a second Covid-19 wave turns into a tsunami and major global economies start locking down again.
If the market crashes again I know what I’ll be doing. I’ll be breaking out the chequebook and loading up on UK shares once more. Right now there are scores of shockingly-cheap companies for investors to choose from. Another stock market crash will provide even better value for money for you and I to exploit.
2 UK shares I’m looking at for my ISA
Buying after stock market crashes is essential if you want to supercharge your investment returns. This way you can buy quality UK shares at a bargain-basement price and then watch them soar in value as economic conditions improve and profits rise again. This is a strategy that separates those who make merely decent returns from those who get rich and retire early.
You don’t need to wait for another stock market crash to get delicious value for money, though. Here are a couple of too-cheap-to-miss UK shares I’m thinking of buying for my Stocks and Shares ISA at current prices:
- Even classic safe-haven stocks like gold producers sold off during the 2020 stock market crash. I wouldn’t wait for another share price collapse before buying Serabi Gold, though. Its forward price-to-earnings (P/E) ratio of 7 times already provides stunning value for money in my book. Gold’s retreated from recent record highs above $2,060 per ounce, sure. But this is a reflection of significant profit booking after its surge from $1,530 at the start of the year. Ongoing macroeconomic and geopolitical uncertainty and low interest rates mean that the yellow metal should rocket again before long, pulling Serabi Gold’s share price with it.
- Those seeking top value from UK shares should also look at Tritax Eurobox. This small cap trades on a price-to-earnings growth (PEG) ratio of just 0.8 times for the year beginning October 2020. But this is not all. Right now the property firm carries a mighty 5% dividend yield too. I fully expect profits to soar as rocketing e-commerce activity drives demand for its warehouses and logistics facilities.
More great buys after the stock market crash
Tritax Eurobox and Serabi Gold are just a couple of the too-cheap-to-miss UK shares I’m considering buying for my ISA. The list of top-quality stocks trading too cheaply after the stock market crash is huge. And The Motley Fool’s vast library of exclusive reports can help you find even more cut-price heroes to help you get rich and retire early.
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.