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Have £3k to invest in an ISA? 3 cheap UK shares I’d buy for explosive profits growth

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There’s a world of opportunity for UK share investors to exploit today. With Covid-19 tensions continuing to limit buyer appetite, there are stacks of top stocks being overlooked by market-makers. As a consequence, you and I have a chance to nip in and load our stocks portfolios with brilliant bargains.

It’s true the global economy faces significant challenges in the short-to-medium term. There are still plenty of quality UK shares expected to deliver spectacular earnings growth in this period however.

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

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3 top UK shares

The following three UK shares are all expected to enjoy spectacular earnings growth. And, at current prices, I reckon they look too cheap to miss:

  • Clipper Logistics is a UK share I’ve already invested in on account of the key role it plays in the booming e-commerce sector. Its share price has rocketed since I bought in August, but it still remains ultra cheap. Today, Clipper trades on an ultra-low forward PEG ratio of 0.9, as brokers expect annual earnings to rise 29% in this fiscal period. This logistics provider is no flash in the pan though, with analysts reckoning online shopping volumes will continue surging. I plan to hold this particular UK share for many years to come.
  • Investing in Japanese gaming house Konami Holdings Corporation is another great way to try and get rich over the coming decade. Gaming is the about to overtake television as the world’s fastest-growing entertainment sector. And beloved titles such as Pro Evolution Soccer and Metal Gear Solid will allow Konami to ride this trend to its fullest. City analysts reckon earnings will rocket 31% in this fiscal year. And this leaves Konami dealing on a forward price-to-earnings growth (PEG) ratio of just 0.8.
  • Value hunters need to pay gold producer Centamin some serious attention too. As well as also boasting a rock-bottom forward PEG ratio of below 1 — built on predictions that annual earnings will soar 75% in 2020 — this UK share carries a massive 6% dividend yield. Gold prices have stepped back recently on healthy profit booking and a rising dollar. But the eternal safe-haven asset is likely to rebound strongly, due to significant macroeconomic uncertainty and inflationary fears spurred by ongoing central bank money printing. Analysts at Citi, for example, reckon bullion prices will soar from $1,900 per ounce today to average $2,275 in 2021. And they believe gold will rocket to record highs of around $2,400 per ounce in the next six to 12 months.

Making a fortune with some Foolish advice

So what are you waiting for? I think all three of these UK shares would look good in any stocks portfolio. And the 2020 stock market crash has left many more top-quality shares looking too cheap to miss. By browsing The Motley Fool’s huge library of exclusive (and totally free!) reports, you can unearth some of these value heroes. So do some research and get investing today.

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!

Royston Wild owns shares of Clipper Logistics. The Motley Fool UK has recommended Clipper Logistics. 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

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