Stock investing: 2 of the best UK growth shares I’d buy in a Stocks and Shares ISA today

first_img Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Frontier Developments. 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. Royston Wild | Thursday, 11th February, 2021 | More on: FDEV SLP I’m looking for top UK shares to buy in 2021. Here are two I’d happily add to my Stocks and Shares ISA today.#1: A top UK software shareGlobal video game sales were ballooning long before the Covid-19 crisis began. But mass lockdowns have helped turbocharge the popularity of gaming as a mass media. It’s a phenomenon that’s made UK tech stock Frontier Developments (LSE: FDEV) a very exciting growth share in my opinion.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…City analysts reckon Frontier Developments — whose titles include the wildly-popular Elite Dangerous and Planet Zoo franchises — will record earnings growth of 11% and 68% in the fiscal years ending May 2021 and 2022 respectively.The boffins at Enders Analysis recently described video games as “now a core part of the mainstream media and entertainment ecosystem.” They added too that “games share of entertainment spend and audience viewing time will maintain momentum and increase in 2021.”There’s no guarantee that UK shares like Frontier Developments will thrive in the years ahead, of course. A negative reception to a game launch can hit developers hard in the pocket. Unexpected technical issues can also be extremely costly both in financial and reputational terms.The launch of CD Projekt’s much-anticipated (and bug-ridden) Cyberpunk 2077 title in late 2020 illustrates this point perfectly. The Polish developer’s share price almost halved in value between early December and January 8 as gamers queued up to get refunds. CD Projekt’s past successes include the beloved Witcher franchise. But past acclaim is no guarantee of future success, as many unfortunate UK share investors know.Besides, at current, prices Frontier Developments trades on a sky-high forward price-to-earnings (P/E) ratio of around 80 times. Elevated multiples are extremely common in the tech sphere. Investors are prepared to pay a premium for UK shares with high growth potential like this. However, a high valuation could — as we saw at CD Projekt — cause the share price to collapse if news flow begins to sour.#2: Metal mammothShare pickers seeking better value for money might want to check out Sylvania Platinum (LSE: SLP) instead. This UK stock — which digs for platinum group metals (or PGMs) in South Africa — trades on a forward P/E multiple of only 4 times. The mining ace boasts a 4.5% dividend yield too.City analysts reckon annual earnings at Sylvania will soar 173% in the financial period to June 2021. A quick look at the platinum price in recent hours illustrates just why. The metal’s just spiked to six-year peaks above $1,200 per ounce on expectations that industrial demand is about to soar. PGMs are critical components in car exhaust systems where they clean up exhaust emissions. And growing environmental legislation means that more and more of the commodity is needed.It’s possible that Sylvania Platinum shares could fall if the economic recovery stutters. A slow rebound would hurt industrial demand for the metal, in turn damaging the price the UK share can expect to get for its product. That said, I think the long-term outlook for the company remains pretty exciting. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Stock investing: 2 of the best UK growth shares I’d buy in a Stocks and Shares ISA today Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this.center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Royston Wildlast_img

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