The stock market crash might have happened more than six months ago. But a significant lack of dip buyers means that plenty of quality UK shares continue to trade at rock-bottom prices. For eagle-eyed investors this provides an investment opportunity thatâs too good to miss.
Thereâs more than one way to skin a cat, itâs true. When it comes to share investing thereâs many strategies that you and I can use to make a lot of money. One method thatâs staring us all in the face today is the opportunity to buy top UK shares that were oversold during the initial stock market crash and which have suffered from anaemic buying interest since.
The success of Stocks and Shares ISA investors during the last decade illustrates just what a powerful ally stock market crashes can be for brave investors. Hundreds and hundreds of ISA owners made millions during the 2010s. How? They bought cheap UK shares in the aftermath of the banking crisis. And then watched them balloon in value as the economic recovery took hold and confidence returned to the markets.
Low P/E ratios AND big dividends
Here are two UK shares Iâm thinking of buying for my own ISA. They carry low price-to-earnings (P/E) multiples which provide plenty of scope for serious price gains from now on. And they boast bulky dividend yields too. As a result I think theyâre too good to miss:
- NWF Group has a very bright future. It is a major fuels supplier in a hugely-fragmented market. And through its aggressive acquisition strategy itâs taking steps to boost its geographical footprint and supercharge its share. It also has ample room to expand in the fast-growing animal feeds markets. The companyâs forward earnings multiple of around 10 times fails to reflect its bright profits picture, in my book. At current prices, it boasts a 4% dividend yield as well. These figures suggest itâs a steal.
- Broadcasting colossus STV Group looks too cheap to miss today too. This UK share boasts a forward P/E ratio of 8 times as well as a near-4% dividend yield. Now could be an especially good time to buy as hopes of a strong rebound in ad budgets grow (former WPP head honcho Martin Sorrell, for one, recently told Barronâs that he expects a âfull-throatedâ recovery in 2021). The accelerating growth of its digital business offers plenty for share investors to get excited about too.
Make a million with UK shares
These are just a couple of the too-cheap-t0-miss stocks available to buy today. The Motley Foolâs epic library of exclusive reports can help you find even more. So do some research and get investing in UK shares today, I say. You could get seriously rich and, like those ISA investors, possibly even make a million.