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£2k to invest? I think these UK shares could make you rich

If you’re looking for UK shares that could make you rich, I think it’s worth concentrating on the technology sector.

Technology has revolutionised the world. It doesn’t look as if its unstoppable rise is going to come to an end any time soon either.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…

And if you click here we’ll show you something that could be key to unlocking 5G’s full potential...

With that in mind, today I’m going to take a look at two UK shares that may help investors profit from this theme. 

UK shares to buy

The UK online gambling market is one of the largest and most developed in the world. Flutter Entertainment (LSE: FLTR) is one of the largest players in this sector, which gives it a unique competitive advantage. The company is highly cash generative and has been using this money to snap up smaller competitors. 

The business is now also expanding into the United States. It has signed agreements with major companies across the pond to help them leverage their brand into the country’s rapidly growing online sports betting market

Flutter earns a large percentage of its profit from sports betting, but its diversification into casino games helped it weather the coronavirus lockdown.

Thanks to this diversification, City analysts are forecasting a 75% increase in the company’s earnings for 2020. Further growth is expected in 2021 as the group builds its position in the US. Few other UK shares are set to report such explosive growth in 2020. 

Shares in the gambling giant are currently changing hands at a forward price-to-earnings (P/E) multiple of 25. That might look expensive at first, but after taking into account the fact that the company’s net income has grown sixfold since 2014, and the growth opportunity ahead of the business, I think this price actually undervalues Flutter’s long-term potential. 

Just Eat Takeaway 

Just Eat Takeaway (LSE: JET) is another UK tech company that’s on course to report explosive growth this year. The coronavirus lockdown provided an almost perfect operating environment for the food delivery business. Management is now looking to capitalise on this and drive growth through further expansion in the years ahead. I reckon this makes the business stand out among UK shares. 

Since its IPO, Just Eat has struggled to turn a profit. However, that is set to change in 2020. Analysts have pencilled in a net profit of €74m for the year. That should be followed by €179m of net profit in 2021, according to current projections. 

Based on these forecasts, shares in the European technology giant are changing hands at a PEG ratio of 0.95. This suggests they offer a wide margin of safety. From now on, I think Just Eat will look to capitalise on its established position in the UK and European markets, to build out its international business. This may lead to accelerating profit and sales growth over the next five to 10 years. 

Therefore, I reckon now could be an excellent time to buy into the business as part of a basket of high growth UK shares, while it offers a margin of safety.  

A Top Share with Enormous Growth Potential

Savvy investors like you won’t want to miss out on this timely opportunity…

Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!).

Not only does this company enjoy a dominant market-leading position…

But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks!

And here’s the really exciting part…

While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes.

That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021.

Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge!

Rupert Hargreaves owns no share mentioned. The Motley Fool UK owns shares of Flutter Entertainment. The Motley Fool UK has recommended Just Eat Takeaway.com N.V. 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

The renowned analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.

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