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Forget a cash ISA! I think this is one of the best UK shares to buy now

first_imgForget a cash ISA! I think this is one of the best UK shares to buy now 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! With the interest rates paid by cash ISAs taking another lurch down recently, there isn’t much advantage to the savings vehicle anymore. But many shares are paying useful and growing dividends. I’d rather put money in a Stocks and Shares ISA. And within it, I reckon Bunzl (LSE: BNZL) is one of the best UK shares to buy now.Why I reckon Bunzl is one of the best UK shares to buy nowThe FTSE 100 company trades as a specialist international distribution and services provider. In some ways, the company provides a service that keeps the wheels of industry turning. Businesses and organisations turn to Bunzl when they need the non-food and not-for-resale products they use themselves, such as chemicals, safety consumables, bandages, gloves, labels, films, grocery, packaging, and products for cleaning and hygiene.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…What impresses me is the resilience of the business. Indeed, Bunzl has a long, multi-year record of generally rising revenue, earnings and cash flow. And the directors seem proud when they speak of the firm’s unbroken 27-year record of annual rises in the shareholder dividend. And I’m optimistic that record will continue in the years ahead, which is why I was so keen to see today’s trading update from the company.The update covers the period from 30 June. The directors report “strong” overall growth over a “challenging” period. Indeed, underlying revenue in the third quarter increased by 8% year on year at constant currency exchange rates. Given the Covid-19 pandemic, I reckon that’s a remarkable performance when we consider how many other businesses have been struggling.Indeed, Bunzl is something of a coronavirus gainer. Sales have been driven higher by demand for masks, sanitisers, gloves, and disinfectants. But organic growth isn’t the whole story. Acquisitions contributed 4%, including the recent addition of MCR Safety, at the beginning of September. That investment continues a long history of bolt-on acquisitions that have helped Bunzl grow like a seemingly unstoppable snowball.A robust outlookAs if the news isn’t already good enough, the directors point out in the report the third quarter had fewer trading days than the comparable period in 2019. The effect of that was to reduce the revenue-growth figure by 3.2%.Like many successful distributors, Bunzl has developed big lines in own-brand products. And 17.5% of the growth in revenue came from the top eight Covid-19-related products, which are “primarily own-brand”. The directors reckon that growth “more than” off-set a 9.5% decline in revenue from other products. But to put that in context, the decline in revenue from other products was less than the decline in the second quarter. The directors reckon that reflects the easing of pandemic-related restrictions.Looking ahead, the company acknowledges the uncertainty regarding the ongoing pandemic. Nevertheless, it expects revenue in the second half of the year to grow “strongly”  and the profit margin will likely be “slightly higher” in the second half.Meanwhile, with the share price near 2,589p, the forward-looking earnings multiple for 2021 is just below 20 and the anticipated dividend yield is a little over 2%. I see this as a decent long-term hold in a diversified portfolio. Image source: Getty Images 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. Simply click below to discover how you can take advantage of this. Kevin Godbold has no position in any share mentioned. 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.center_img Our 6 ‘Best Buys Now’ Shares 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. 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. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Kevin Godbold Kevin Godbold | Wednesday, 14th October, 2020 | More on: BNZL last_img read more