ASX shockers

[skc]

27/2/2017 Almost the end of reporting season

SGH - 20% - Writes down all of the transformative acquisition. How to burn $1.5B in 18 months.
ICQ +18% - Delayed reaction to Friday's report?
ADH -15% - Another private equity retail business off the rails.

 

[peter2]

<=== Before reporting season

After ...

 

[Tightwad]

yep glad it's almost over, made the mistake of buying into RCG before the report came out

 

[pixel]

EOS -18%

 

[pixel]

ORE - 35% from January High
Apparently, producing stuff doesn't cut it. One has to talk about exploration and hint at what might be down there...

 

[skc]

End of reporting season sees plenty of smaller stocks reporting...

CMP - 33%, EOS -19%, EGH -14%. I didn't read their reports. I can only assume things weren't as expected.
SGH - 20%. The hall of fame.
ORE -15%. Big production cut.
SPO -14%. Soft result.

WOR +32%. Takeover rejected @ $11.80. Strategic stake acquired @ $10.55. Been a wild 2 weeks even by WOR's standard.

<=== Before reporting season

After ...
View attachment 70116

Lol. Overall a C- reporting season for me trading wise... didn't nearly capture enough of the opportunities on offer.

 

[Boggo]

...

Lol. Overall a C- reporting season for me trading wise... didn't nearly capture enough of the opportunities on offer.

I feel the same, very erratic environment at the moment imo.
Took profit on SLR today and got stopped out of IGO for a loss.

Holding on to a few that are keeping things in the green, every day seems to be a different market, no consistency.

 

[skc]

First day of March. No more reporting for a while and one would expect much less shockers in the bigger end of town except for M&A.

SGH - 27%. Well at this rate it won't make it on the list in 2 weeks.
MRM -23%. Operating metrics yet to bottom.

DFM +16%. A Chinese company paying dividend for a second time? Amazing!

 

[skc]

Mostly smaller companies (3 used to be bigger).

SGH +40%. 4 Days in a row! This time a bounce.
WLD +21%. Some rich person bought a stake/steak.
FRM +22%. Recovered most of the fall since the report.
ASH -29%. Resumed trading after 4 month suspension.

And an honourable mention to ZYL.

Last traded 0.7c per share back in late 2013. Went thru a recapitalisation and 100:1 consolidation and today closed at 1.8c. So effectively a drop of 97.4% thank you very much.

 

[MrChow]

1 in 13 profitable companies in 2016 are down more than -50% in share price from their 12 month peak.

1 in 4 unprofitable companies in 2016 are down more than -50% in share price from their 12 month peak.

 

[Muschu]

Friends "confessed" to me yesterday [with some embarrassment] that they bought SGH at $6.58 and still hold them.....

Quite some time ago I bought AGO [somewhere around the time they made an acquisition - was it Aurox?] and sold at a good profit.
BUT sometime later I bought again around $1.30 and bailed at about $1.03. Very pleased I decided not to hang around
But not saying either that AGO have no future prospects as I simply don't know.

 

[skc]

1 in 13 profitable companies in 2016 are down more than -50% in share price from their 12 month peak.

1 in 4 unprofitable companies in 2016 are down more than -50% in share price from their 12 month peak.

Interesting stat. Did you compile these or read it somewhere?

 

[skc]

6/3/2017 NVT -15%. Major government contract loss resulting in a $12-14m EBITDA downgrade.
6/3/2017 SGH -16%. The end might be near according to this SMH article. http://www.smh.com.au/business/slat...e-wipeout-in-rescue-plan-20170305-gur3h7.html

 

[MrChow]

Compiled them myself using a screener, the approximate numbers are:

50 out of 700 companies with a P/E are 50% off their 52 week high.

EG. VMT, MBE, BAL, PRO, SIT, ACR, ISD, VOC, SRX, BKL, TRS, TPM

400 out of 1300 companies with a Negative ROE are 50% off their 52 week high.

EG. 1PG, RFN, ZIP, CVT, SGH, XPE, RNT, YOW, PDN, CL8, TNT, MRM

 

[peter2]

I presume a number of ASX shockers (featured in this thread) have been tossed out of a few indices in the latest S&P update.

Every index is an individual rotational trading system.

 

[skc]

21/3/2017
BAL +15.7%, BKL +13.1% - both benefited from a change in Chinese cross border e-commerce regulation
MSB +12.7% - been strong of late with new flow relating to various development
SPO +49% - A massive takeover premium thanks to DOW taking a punt

 

[skc]

23/3/2017
QIN - The rebranded TFC in cross hair of shorters

24/3/2017
DOW - just per-empting.

 

[skc]

Just filling out a few days that I missed

24/3/2017 DOW -18% - cap raising fail
27/3/2017 MYR +18% - large block trade, takeover rumber
30/3/2017 KAR -18% - sale process withdrawn

 

[VSntchr]

4/4/2017 VTG-15% - Media rumours on TLS store contract changes

 

[skc]

4/4/2017 VTG-15% - Media rumours on TLS store contract changes

Make that -21% on the close.

Also worth mentioning...

OHE -18% on profit warning yesterday. Stock closed at $1.3 having traded at almost $5 less than 12 months ago. It's New Zealand's answer to ACX in the Australian market.