I am looking for the best penny stocks to buy for 2022 Here is a great selection that I will buy for next year and want to hold on to in the long run
Creates a vibrant job market Staffline Group (LSE: STAF) A great purchase in my book. This business helps companies recruit and train workers, and it has performed well as the UK economy returns. Revenue has risen about 5% in the six months since June.
The latest research has shown that the demand for workers will continue to increase. According to Straw, Around 80% of British employers plan to hire more workers in the next 12 months. Hayes’s research also points to a growing skills shortage affecting domestic companies. In the past year, 86% of companies have had a shortage of skills, the data shows.
It can also give the staffline group an extra boost. Of PeoplePlus The department provides services such as skills training and apprenticeship. Sales growth across businesses may cool as the UK economy continues to struggle, but data from Hayes makes me reasonably confident that such employers can improve.
Another nice penny stock
I already have exposure to the building materials provider CRH. And I’m thinking of buying more FTSE 100 The stock follows its recent share price weakness. However, I believe another good idea might be to buy Bridon Group (LSE: BREE).
The UK shareholder owns and operates a number of cement plants, ready-mixed concrete plants, asphalt plants and quarries. The increase in British house building activity and the increase in infrastructure costs by several notches has resulted in the creation of cash buckets (at least in my opinion) in great shape.
If the shortage of truck drivers continues, the Bridon Group could face disaster. If the company does not get them from its customers, then the strong demand for its products is small. That said, I would still buy this UK stock because its earnings outlook looks strongly attractive in the long run.
Make money with green energy
If my concerns over the UK economic situation increase, however, I may be tempted to buy Greencoat is renewable (LSE: GRP). As the name suggests, this penny stock works in the field of renewable energy. More specifically it operates a raft of wind farms across Ireland and mainland Europe.
As energy demand remains broadly stable at all points of the economic cycle, this UK stock can expect revenue to continue at good and bad times. I also like Greencoat Renewables because it’s a great way to make money from the ‘green revolution’ of 2020. I’m also a fan of its commitment to geographical expansion (last week it acquired its first asset in Sweden).
It is important to remember that generating energy from renewable sources can be problematic. The wind is not always guaranteed to flow, and it can take a big bite out of the turbine operator’s earnings. Still, I think the risk-to-reward approach for Greencoat Renewables is extremely interesting. I will gladly add it to my own share portfolio in November.
Royston Wild owns shares in CRH. Motley Flower UK has no position on any of the shares mentioned. Opinions about the companies mentioned in this article may differ from those of the author and therefore our official recommendations for subscription services such as Share Advisor, Hidden Winner and Pro. Here at The Motley Fool we believe that considering different range of insights makes us a better investor.