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ASX shockers

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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.
 
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...
 
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.

peter2 said:
<=== Before reporting season

After ...
View attachment 70116
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Lol. Overall a C- reporting season for me trading wise... didn't nearly capture enough of the opportunities on offer.
 
skc said:
...

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

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.
 
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!
 
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.
 
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.
 
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.
 
MrChow said:
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.
Click to expand...

Interesting stat. Did you compile these or read it somewhere?
 
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
 
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.
 
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
 
23/3/2017
QIN - The rebranded TFC in cross hair of shorters

24/3/2017
DOW - just per-empting.
 
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
 
4/4/2017 VTG-15% - Media rumours on TLS store contract changes
 
Reactions: skc
VSntchr said:
4/4/2017 VTG-15% - Media rumours on TLS store contract changes
Click to expand...
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.
 
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