UK post-Covid recovery stocks: these 20 companies could be set to rocket

Finding stocks with the potential to rise tenfold or even further is far easier said than done. But the pandemic has produced the most promising backdrop in years. Max King picks 20 UK stocks that could soon be on the road to recovery.

UK post-Covid recovery stocks

One of the first shares to attract my attention in the mid-1970s was a financial company called First National Finance Corporation (FNFC). The lender had been saved from bankruptcy twice by the Bank of England in the banking crisis a few years earlier and its share price was below a penny. I realised that I could buy 10,000 shares and still get change from £100, the most I could afford. Of course, I didn’t. Some ten years later, the company was taken over for more than £2 a share.

Peter Lynch, the renowned manager of Fidelity’s Magellan fund, coined the term “Tenbagger” in his book One Up On Wall Street for shares that had multiplied tenfold in value. But 100-baggers are of a different order of magnitude. They are rarely encountered and almost always involve recovery.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.