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3 ASX stocks that thumped the market last week

The S&P / ASX 300 Index (Index: ^AXKO) (ASX: XKO) finished at 4,056.9 points, a rise of 0.9% last week, despite continuing global fears. However, these three stocks managed to thump the index, rising by more than 20%.

Linc Energy Ltd (ASX: LNC) jumped 26.2% to 77 cents, recovering some of the falls the stock has experienced in the last year, when it touched $3.21. As I mentioned in this article, it appears that investors have jumped on the company’s bandwagon, in the belief that they have spotted a bargain.

CSG Limited (ASX: CSV) advanced 21.9% to 72.5cents, as investors salivate over the prospect of a 33 cent fully franked dividend forecast by analysts. CSG has sold its technology solutions business to NEC Australia for a base consideration of $228m, plus a potential additional $32m if certain business targets are met. The company is expected to return some of that to shareholders through a special dividend. With a current market cap of just $198m, the technology solutions business is valued at more than the whole company, so theoretically, the rest of CSG’s businesses come free at the current price of 70 cents.

Samson Oil & Gas (ASX: SSN) saw a gain of 20.5% to close at 10 cents. This exploration company has interests in five oil and gas projects in the US. Investing in Samson is a bit like gambling, the chance of just one of its wells locating a commercial quantity of oil or gas is low, but just that one well could transform the company into an oil producer and hit the jackpot for the investor. The problem is that the longer the company takes to find that well, the more capital it requires investors to feed in, and with more than 2 billion shares already on issue, investors would be sharing the jackpot with many others.

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.

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Motley Fool contributor Mike King doesn’t own shares in any companies mentioned. 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.

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