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2 of my favourite UK shares for 2021 that I think could TREBLE my money!

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There’s plenty of pitfalls that threaten to dog the global economic recovery in 2021. Delays to the mass-rollout of a Covid-19 vaccine would hurt a rebound in corporate profits and, by extension, any new stock market rally.

At the same time, an economically-disruptive Brexit process and ongoing trade wars elsewhere threaten the performance and the profitability of UK shares over the coming 12 months too.

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IN The short-to-medium-term, economic outlook might be as clear a mud. But it isn’t stemming my excitement for UK shares. I’ve continued to invest using my Stocks and Shares ISA in 2020, even as the Covid-19 crisis has rolled on. And I plan to keep building my shares portfolio in 2021 too.

I know I might not see the value of my investments soar next year. But I know the UK shares I’ve bought will rise strongly over the longer term from their recent lows. And by buying stocks at today’s prices I can maximise my returns during the new bull market.

2 top UK shares on my radar

Remember that the FTSE 100 doubled in value 10 years on from the 2008/2009 banking crisis. The FTSE 250 more than trebled during that time too. Here are two top UK shares I reckon could soar over the next decade and make me a fortune in the process!

#1: Bank of Georgia Group

When it comes to investing in emerging markets share pickers usually think of Asia, Africa or Latin America. It’s a shame as there are pockets elsewhere that could deliver excellent investor returns. And this is where the Bank of Georgia Group (LSE: BGEO) comes in.

Private investor buying UK shares at home

Sure, the tourism-dependent Eurasian nation’s economy took a whack in 2020 as Covid-19 prompted smashed international travel. It’s reckoned Georgian GDP will begin recovering in 2021 though, starting with a 3.5% rebound (according to the European Bank for Reconstruction and Development).

Georgia’s economy was growing by around 5% a year before the coronavirus outbreak. There’s no reason to expect it won’t to return to these excellent rates of growth either, helped by ongoing structural and economic reforms. And investing in Bank of Georgia is a great way to go about this. Today, the business trades on a rock-bottom forward price-to-earnings (P/E) ratio of 5 times while sporting a 6.2% dividend yield.

#2: CVS Group

I think CVS Group is another great value buy for UK share investors too. City brokers reckon earnings at the veterinary services group will surge 34% in the fiscal year to June 2021. This leaves it trading on a forward price-to-earnings growth (PEG) multiple of just 0.7.

CVS Group is a brilliant pick for these uncertain times. The essential nature of its services mean the number of animals it sees at its surgeries will remain stable, whatever happens. Indeed, like-for-like sales rose 5.1% during the four months to October. And the business continues investing heavily via acquisitions to turbocharge profits growth too, having added four new sites to its estate in November alone.

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Royston Wild owns shares of CVS Group. 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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