10 stocks that smashed the market last week


The S&P / ASX 300 Index (Index: ^AXKO) (ASX: XKO) rose 2% for the week, to close at 4063.7, shrugging off economic issues affecting Europe and the US, and concerns over stalling Chinese growth. The best performing sectors were Energy and Information Technology, both rising by 3.5%.

The following is a list of selected stocks that jumped by 7% or more last week, comfortably beating the index.

Company Market Cap ($) Last price Sector Weekly move (%)
Becton Property Group Ltd (ASX: BEC) 5m $0.65 Property 58.5
Phillips River Mining Ltd (ASX: PRH) 14m $0.215 Gold, silver, copper exploration 35.3
Swick Mining Services Ltd (ASX: SWK) 70m $0.295 Mining services 14.3
NewSat Limited (ASX: NWT) 187m $0.81 Satellite services 13.0
Resource Equipment Ltd (ASX: RQL) 98m $0.395 Mining, Oil and Gas services 12.9
Silver Lake Resources Limited (ASX: SLR) 612m $2.78 Gold mining 10.9
Doray Minerals Limited (ASX: DRM) 71m $0.88 Gold exploration 10.0
Kingsrose Mining Limited (ASX: KRM) 359m $1.28 Gold mining 9.6
Salmat Limited (ASX: SLM) 371m $2.34 Corporate services, ‘junk’ mail 8.4
FlexiGroup Limited (ASX: FXL) 679m $2.45 Financial services 7.0

Source: Australian Financial Review market data and Google Finance

Somewhat surprisingly, several gold miners and explorers did well last week, despite the price of gold falling from over US$1,610 at the beginning of the week, to US$1,593 currently. The Gold Index (Index: ^AXGD) (ASX: XGD) rose by just 0.7%.

Silver Lake Resources pulled out of a bid for Phillips River in March 2012, but did agree to buy the company’s Munglinup project in Western Australia. Phillips River shares fell 38% to 16 cents following the announcement, but recovered by more than 30% in the last week.

Becton

Becton Property rocketed up 58.5%, thanks to news that three funds management companies had purchased close to half the shares in the group. The company had been struggling to refinance a $73m loan with Suncorp Group Ltd (ASX: SUN), and had been arguably priced for oblivion.

Newsat

Newsat was up 13% and trading volumes have jumped from around 200,000 shares to over 500,000 shares per day in the last three months. Newsat is targeting the launch of Australia’s first satellite, Jabiru-1, sometime in the December quarter of 2014. In a response to the ASX’s ‘speeding ticket’ today, the company advised that it was still in discussions to finalise the majority of funding required to launch the satellite, but had no confirmed deal to announce. The company had initially expected to have this finalised by the end of May 2012.

Salmat

If you receive ‘junk’ mail, the majority of it will likely have come from Salmat. The company also provides a wide variety of other corporate services, and it was news that Salmat had received an unsolicited and conditional approach for its Business Process Outsourcing (BPO) division that likely caused the company’s shares to rise. The problem for Salmat is that the BPO division, which provides services to most of Australia’s largest banks, telcos, utilities and government agencies, represents almost 40% of the company’s revenues.

If you’re in the market for some less risky, high yielding ASX shares, look no further than Secure Your Future with 3 Rock-Solid Dividend Stocks. In this free report, we’ve put together our best ideas for investors who are looking for solid companies with high dividends and good growth potential. Click here now to find out the names of our three favourite income ideas. But hurry – the report is free for only a limited time.

More reading

Motley Fool contributor Mike King owns shares in Silver Lake. The Motley Fool‘s purpose is to help the world invest, better. Take Stock is The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Click here now to request your free subscription, whilst it’s still available. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

OUR #1 DIVIDEND PICK FOR 2016...

Forget BHP and Woolworths. This "dirt cheap" company is growing like gangbusters, and trading on a 5.6% dividend yield, FULLY FRANKED (8% gross). With interest rates set to stay at these low levels for years to come, for hungry investors, including SMSFs, this ASX company could be the "holy grail" of dividend plays for 2016.

Enter your email below to discover the name, code and a full investment analysis in our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2016.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.