ASX shockers

[skc]

7/4/2017 TRS -35.5% on profit warning.

10/4/2017 MOE +38%. A new listing of stock broker Moelis made an impressive debut.

 

[skc]

10/4/2017 TRS -18.6% on day 2. Impressive.

 

[skc]

18/4/2017 TPM -16%. Spoils the mobile profit pool for all Telcos, trashes own share price.

Honourable mention:
LAA -22%. Comes out of 4 month suspensions after prolonged capital raising.
RSG -12%. GDX/GDXJ weighing methodology changes are causing random havoc among goldies. This is perhaps a lens to the future if/when ETFs become a large enough slice of any market.

 

[skc]

27/4/2017
TEN -19%. Free-to-air Tele is dead... long live the tele. TEN's largest shareholders are young Murdoch, Packer and Gina Reinhart.... so they don't get it right all the time.

For the hedge funds with really long term views must shortly have positions in SWM and NEC... probably a rare example of short-and-hold type stock.

 

[McLovin]

27/4/2017
TEN -19%. Free-to-air Tele is dead... long live the tele. TEN's largest shareholders are young Murdoch, Packer and Gina Reinhart.... so they don't get it right all the time.

For the hedge funds with really long term views must shortly have positions in SWM and NEC... probably a rare example of short-and-hold type stock.

The UBS report re cricket rights is interesting given our discussion last week.

 

[skc]

The UBS report re cricket rights is interesting given our discussion last week.

Damned if you do and damned if you don't. There is no out for TV really.

 

[McLovin]

Damned if you do and damned if you don't. There is no out for TV really.

Who'd a thunk 10-15 years ago you could buy a TV network for $160m....plus debt of course.

 

[MrChow]

Pro Sports would not be wanting to see 1 bidder for broadcasting rights if the death spiral continues.

 

[skc]

27% one day fall - one for the ASX shockers thread now.

Thanks @So_Cynical.

2nd downgrade in 3 months is not a good thing. Probably a reasonable buy if there's a 3rd downgrade.

 

[So_Cynical]

Thanks @So_Cynical.

2nd downgrade in 3 months is not a good thing. Probably a reasonable buy if there's a 3rd downgrade.

Because these things come in 3's right, tempted to have a bite on the open.

 

[skc]

Because these things come in 3's right, tempted to have a bite on the open.

Just an old saying.. there's no statistical fact to back the statement "downgrade comes in 3s".

 

[skc]

2/5/2017
RCG +15.7% - A very solid bounce from yesterday's carnage
MMJ -7.8%; ZLD -15%; SCU -24% - The cannabis sector getting smoked after their massive spike in March.
TLG -15% - Doubled since early March but seems to be reversing now.
MGC -14% - Writedowns galore. May not have enough milk, and certainly not enough dosh to pay dividend.
PLS +20.6% - Offtake and finance deal.

3/5/2017
VOC?

 

[PZ99]

VOC down 29% today.

LRS down 40% ytd...

 

[helpme]

One more shocker. PGH is > 10% down in the morning. Strange thing is that there is no bad news recently to provoke such a big fall. Anyone knows better? I would like to know as I am personally affected by the big loss.

 

[skc]

One more shocker. PGH is > 10% down in the morning. Strange thing is that there is no bad news recently to provoke such a big fall. Anyone knows better? I would like to know as I am personally affected by the big loss.

There is bad news hidden in the presentation out Tuesday after close.

There will be growth in NPAT but that comes from acquisitions rather than underlying like-for-like growth. In other words, they can buy growth but existing business ain't doing better. PE's a bit high and it's ran hard of late so 10% fall is more than justified. Probably more in the coming days...

 

[helpme]

There is bad news hidden in the presentation out Tuesday after close.

There will be growth in NPAT but that comes from acquisitions rather than underlying like-for-like growth. In other words, they can buy growth but existing business ain't doing better. PE's a bit high and it's ran hard of late so 10% fall is more than justified. Probably more in the coming days...

Thanks for the answer. Both the market and savvy investors like you are smarter. I deserve to lose money.

 

[skc]

3/5/2017
VOC -27% Big profit downgrade for H2
ISD +13% Reaffirmed guidance and painted a positive picture of possible turnaround.

 

[PZ99]

IAM down 28% - looks like they walked away from whatever the magic deal was.

 

[helpme]

Not sure if this counts as a shocker by this thread's standard. But by forex standard, it is quite a big drop and affects EVERYONE here. Nobody can run away from the Aussie dollar. One can avoid stocks but no one can avoid currency.

http://www.smh.com.au/business/mark...ar-taken-to-the-cleaners-20170503-gvyf4y.html

The local currency "has been taken to the cleaners", said IG Markets's institutional dealer Chris West. The Aussie fell 1.5 per cent to US74.21¢, its lowest since January 11.

 

[skc]

4/5/2017
MSB -15% Time to take a breather at least given the recent strong run.
GEG +24% Takeover bid by ECX
BBN +13% A bounce after prolonged downtrend.

Honourable mentions:
ADA -10% on profit downgrade, down 25% at the low
CAN +115%, THC +102.5% - 2 new floats in the cannabis space